CBZ Stock | | | USD 80.26 0.83 1.04% |
CBIZ financial indicator trend analysis is way more than just evaluating CBIZ Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CBIZ Inc is a good investment. Please check the relationship between CBIZ Total Revenue and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CBIZ Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Total Revenue vs Cost Of Revenue
Total Revenue vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CBIZ Inc Total Revenue account and
Cost Of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between CBIZ's Total Revenue and Cost Of Revenue is 0.83. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of CBIZ Inc, assuming nothing else is changed. The correlation between historical values of CBIZ's Total Revenue and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of CBIZ Inc are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Revenue i.e., CBIZ's Total Revenue and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Revenue
Total revenue comprises all receipts CBIZ Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Cost Of Revenue
Cost of Revenue is found on CBIZ Inc income statement and represents the costs associated with goods and services CBIZ provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from CBIZ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CBIZ Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CBIZ Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Sales General And Administrative To Revenue is likely to rise to 0.05 in 2024, whereas
Selling General Administrative is likely to drop slightly above 35.1
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 159.3M | 223.4M | 225.1M | 236.4M | Total Revenue | 1.1B | 1.4B | 1.6B | 1.7B |
CBIZ fundamental ratios Correlations
Click cells to compare fundamentals
CBIZ Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CBIZ fundamental ratios Accounts
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Additional Tools for CBIZ Stock Analysis
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measure CBIZ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CBIZ is operating at the current time. Most of CBIZ's value examination focuses on studying past and present price action to
predict the probability of CBIZ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CBIZ's price. Additionally, you may evaluate how the addition of CBIZ to your portfolios can decrease your overall portfolio volatility.