EMvision Gross Profit vs Net Income Analysis

EMV Stock

1.88 0.05 2.59%

EMvision Medical financial indicator trend analysis is much more than just examining EMvision Medical Devices latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EMvision Medical Devices is a good investment. Please check the relationship between EMvision Medical Gross Profit and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMvision Medical Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Gross Profit vs Net Income

Gross Profit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMvision Medical Devices Gross Profit account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between EMvision Medical's Gross Profit and Net Income is -0.27. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of EMvision Medical Devices, assuming nothing else is changed. The correlation between historical values of EMvision Medical's Gross Profit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of EMvision Medical Devices are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., EMvision Medical's Gross Profit and Net Income go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of EMvision Medical Devices minus its cost of goods sold. It is profit before EMvision Medical operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in EMvision Medical Devices financial statement analysis. It represents the amount of money remaining after all of EMvision Medical Devices operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from EMvision Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EMvision Medical Devices 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMvision Medical Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, EMvision Medical's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 16 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.5 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	243.3K	342.0K	410.6K	390.1K
Interest Income	15.6K	35.3K	341.2K	358.3K

Depreciation And Amortization Interest Income

EMvision Medical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Common Stock Total Equity	Non Current Liabilities Total	Net Invested Capital	Capital Stock	Net Working Capital	Short Long Term Debt Total
Total Assets		0.97	0.61	0.98	0.67	-0.98	-0.89	-0.22	1.0	0.82	0.55	1.0	0.89	0.8	0.86	0.75	0.86	1.0	0.82	0.88	0.78	0.86	0.97	0.89	0.94	0.76
Other Current Liab	0.97		0.58	0.95	0.5	-0.93	-0.82	-0.18	0.96	0.81	0.66	0.96	0.92	0.75	0.78	0.65	0.86	0.97	0.88	0.8	0.67	0.95	0.98	0.85	0.96	0.76
Total Current Liabilities	0.61	0.58		0.46	0.36	-0.57	-0.76	0.25	0.63	0.7	0.0	0.63	0.82	0.73	0.66	0.65	0.9	0.61	0.43	0.72	0.62	0.4	0.48	0.73	0.37	0.95
Total Stockholder Equity	0.98	0.95	0.46		0.71	-0.99	-0.84	-0.3	0.98	0.78	0.59	0.98	0.79	0.74	0.84	0.72	0.75	0.98	0.82	0.84	0.76	0.85	0.97	0.85	0.97	0.64
Net Tangible Assets	0.67	0.5	0.36	0.71		-0.77	-0.78	-0.41	0.72	0.58	-0.05	0.72	0.37	0.66	0.79	0.84	0.44	0.68	0.3	0.78	0.84	0.25	0.55	0.7	0.54	0.38
Net Debt	-0.98	-0.93	-0.57	-0.99	-0.77		0.89	0.24	-0.99	-0.81	-0.5	-0.99	-0.82	-0.79	-0.89	-0.79	-0.79	-0.99	-0.79	-0.9	-0.83	-0.78	-0.94	-0.9	-0.92	-0.71
Retained Earnings	-0.89	-0.82	-0.76	-0.84	-0.78	0.89		0.28	-0.91	-0.9	-0.13	-0.91	-0.81	-0.93	-0.92	-0.94	-0.87	-0.89	-0.6	-0.95	-0.89	-0.64	-0.79	-0.94	-0.73	-0.83
Accounts Payable	-0.22	-0.18	0.25	-0.3	-0.41	0.24	0.28		-0.21	-0.22	0.09	-0.21	0.06	-0.39	-0.25	-0.4	0.04	-0.21	-0.01	-0.18	-0.23	-0.17	-0.27	-0.22	-0.32	0.16
Cash	1.0	0.96	0.63	0.98	0.72	-0.99	-0.91	-0.21		0.82	0.51	1.0	0.88	0.81	0.87	0.78	0.86	1.0	0.78	0.89	0.81	0.82	0.95	0.9	0.92	0.76
Non Current Assets Total	0.82	0.81	0.7	0.78	0.58	-0.81	-0.9	-0.22	0.82		0.22	0.82	0.76	0.89	0.93	0.89	0.8	0.81	0.78	0.95	0.82	0.71	0.76	0.97	0.71	0.85
Non Currrent Assets Other	0.55	0.66	0.0	0.59	-0.05	-0.5	-0.13	0.09	0.51	0.22		0.51	0.52	0.09	0.19	-0.08	0.33	0.56	0.76	0.2	0.07	0.77	0.7	0.27	0.74	0.23
Cash And Short Term Investments	1.0	0.96	0.63	0.98	0.72	-0.99	-0.91	-0.21	1.0	0.82	0.51		0.88	0.81	0.87	0.78	0.86	1.0	0.78	0.89	0.81	0.82	0.95	0.9	0.92	0.76
Net Receivables	0.89	0.92	0.82	0.79	0.37	-0.82	-0.81	0.06	0.88	0.76	0.52	0.88		0.75	0.71	0.6	0.98	0.89	0.76	0.76	0.61	0.83	0.86	0.8	0.79	0.91
Common Stock Shares Outstanding	0.8	0.75	0.73	0.74	0.66	-0.79	-0.93	-0.39	0.81	0.89	0.09	0.81	0.75		0.84	0.9	0.81	0.79	0.59	0.9	0.88	0.58	0.73	0.93	0.67	0.81
Other Current Assets	0.86	0.78	0.66	0.84	0.79	-0.89	-0.92	-0.25	0.87	0.93	0.19	0.87	0.71	0.84		0.94	0.75	0.85	0.71	0.97	0.85	0.62	0.77	0.96	0.73	0.77
Other Stockholder Equity	0.75	0.65	0.65	0.72	0.84	-0.79	-0.94	-0.4	0.78	0.89	-0.08	0.78	0.6	0.9	0.94		0.69	0.75	0.49	0.94	0.9	0.45	0.63	0.91	0.58	0.71
Total Liab	0.86	0.86	0.9	0.75	0.44	-0.79	-0.87	0.04	0.86	0.8	0.33	0.86	0.98	0.81	0.75	0.69		0.85	0.66	0.8	0.67	0.73	0.79	0.83	0.7	0.95
Total Current Assets	1.0	0.97	0.61	0.98	0.68	-0.99	-0.89	-0.21	1.0	0.81	0.56	1.0	0.89	0.79	0.85	0.75	0.85		0.81	0.87	0.78	0.86	0.97	0.89	0.94	0.76
Intangible Assets	0.82	0.88	0.43	0.82	0.3	-0.79	-0.6	-0.01	0.78	0.78	0.76	0.78	0.76	0.59	0.71	0.49	0.66	0.81		0.72	0.56	0.89	0.87	0.78	0.87	0.68
Common Stock	0.88	0.8	0.72	0.84	0.78	-0.9	-0.95	-0.18	0.89	0.95	0.2	0.89	0.76	0.9	0.97	0.94	0.8	0.87	0.72		0.94	0.62	0.78	0.99	0.73	0.83
Common Stock Total Equity	0.78	0.67	0.62	0.76	0.84	-0.83	-0.89	-0.23	0.81	0.82	0.07	0.81	0.61	0.88	0.85	0.9	0.67	0.78	0.56	0.94		0.44	0.66	0.9	0.62	0.69
Non Current Liabilities Total	0.86	0.95	0.4	0.85	0.25	-0.78	-0.64	-0.17	0.82	0.71	0.77	0.82	0.83	0.58	0.62	0.45	0.73	0.86	0.89	0.62	0.44		0.93	0.69	0.92	0.64
Net Invested Capital	0.97	0.98	0.48	0.97	0.55	-0.94	-0.79	-0.27	0.95	0.76	0.7	0.95	0.86	0.73	0.77	0.63	0.79	0.97	0.87	0.78	0.66	0.93		0.83	0.99	0.68
Capital Stock	0.89	0.85	0.73	0.85	0.7	-0.9	-0.94	-0.22	0.9	0.97	0.27	0.9	0.8	0.93	0.96	0.91	0.83	0.89	0.78	0.99	0.9	0.69	0.83		0.78	0.86
Net Working Capital	0.94	0.96	0.37	0.97	0.54	-0.92	-0.73	-0.32	0.92	0.71	0.74	0.92	0.79	0.67	0.73	0.58	0.7	0.94	0.87	0.73	0.62	0.92	0.99	0.78		0.58
Short Long Term Debt Total	0.76	0.76	0.95	0.64	0.38	-0.71	-0.83	0.16	0.76	0.85	0.23	0.76	0.91	0.81	0.77	0.71	0.95	0.76	0.68	0.83	0.69	0.64	0.68	0.86	0.58

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EMvision Medical Account Relationship Matchups

EMvision Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0M	10.8M	8.5M	11.5M	24.0M	25.2M
Other Current Liab	170.1K	313.1K	478.9K	682.7K	2.1M	2.2M
Total Current Liabilities	489.7K	676.2K	854.0K	6.0M	3.4M	1.9M
Total Stockholder Equity	5.5M	10.1M	7.1M	5.1M	18.5M	19.4M
Net Tangible Assets	5.0M	9.6M	6.6M	4.6M	5.3M	5.6M
Net Debt	(5.4M)	(9.5M)	(6.1M)	(6.9M)	(15.7M)	(14.9M)
Retained Earnings	(7.3M)	(15.7M)	(21.8M)	(25.7M)	(26.5M)	(25.2M)
Accounts Payable	319.6K	193.7K	178.2K	330.7K	293.5K	221.1K
Cash	5.4M	9.7M	6.8M	10.0M	18.6M	19.5M
Non Current Assets Total	480.0K	798.7K	1.4M	1.3M	2.1M	1.1M
Cash And Short Term Investments	5.4M	9.7M	6.8M	10.0M	18.6M	19.5M
Net Receivables	81.3K	117.4K	69.9K	2.9M	3.4M	3.5M
Common Stock Shares Outstanding	61.4M	70.1M	75.2M	77.7M	80.4M	73.8M
Liabilities And Stockholders Equity	6.0M	10.8M	8.5M	11.5M	24.0M	25.2M
Inventory	(38.0K)	51.1K	130.1K	5.9K	6.8K	6.5K
Other Current Assets	43.3K	285.8K	269.8K	265.2K	463.5K	236.5K
Other Stockholder Equity	840.6K	4.3M	5.7M	4.5M	5.2M	2.9M
Total Liab	489.7K	720.0K	1.4M	6.4M	5.5M	5.7M
Total Current Assets	5.5M	10.0M	7.1M	10.2M	21.9M	23.0M
Common Stock	12.0M	21.4M	23.2M	26.2M	41.6M	21.1M
Non Current Liabilities Total	43.8K	43.8K	571.6K	365.9K	2.0M	2.1M
Net Invested Capital	5.5M	10.1M	7.1M	7.6M	21.1M	22.2M
Accumulated Other Comprehensive Income	840.6K	4.3M	5.7M	4.5M	3.5M	3.6M
Capital Stock	12.0M	21.4M	23.2M	26.2M	41.6M	24.2M
Net Working Capital	5.0M	9.3M	6.2M	4.2M	18.5M	19.4M

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