Eve Other Operating Expenses vs Gross Profit Analysis
| EVEX Stock | USD 4.19 0.13 3.20% |
Eve Holding financial indicator trend analysis is much more than just examining Eve Holding latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eve Holding is a good investment. Please check the relationship between Eve Holding Other Operating Expenses and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eve Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Eve Stock please use our How to Invest in Eve Holding guide.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eve Holding Other Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have weak relationship.
The correlation between Eve Holding's Other Operating Expenses and Gross Profit is 0.39. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Eve Holding, assuming nothing else is changed. The correlation between historical values of Eve Holding's Other Operating Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Eve Holding are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., Eve Holding's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Eve Holding. It is also known as Eve Holding overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Eve Holding minus its cost of goods sold. It is profit before Eve Holding 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.Most indicators from Eve Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eve Holding 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 Eve Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Eve Stock please use our How to Invest in Eve Holding guide.At this time, Eve Holding's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 28.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (16.68) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 107.9K | 24.9K | 166.6K | 174.9K | Total Operating Expenses | 15.8M | 78.5M | 128.7M | 135.1M |
Eve Holding fundamental ratios Correlations
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Eve Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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