Edwards Net Income vs Gross Profit Analysis

EW Stock

USD 71.27 0.79 1.12%

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

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Edwards Lifesciences Corp Net Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Edwards Lifesciences' Net Income and Gross Profit is 0.95. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Edwards Lifesciences Corp, assuming nothing else is changed. The correlation between historical values of Edwards Lifesciences' Net Income 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 Net Income of Edwards Lifesciences Corp 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 Net Income i.e., Edwards Lifesciences' Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Edwards Lifesciences Corp minus its cost of goods sold. It is profit before Edwards Lifesciences 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 Edwards Lifesciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edwards Lifesciences Corp 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 Edwards Lifesciences Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, Edwards Lifesciences' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.36 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 169.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.0B	4.3B	4.6B	4.9B
Total Revenue	5.2B	5.4B	6.0B	6.3B

Gross Profit Total Revenue

Edwards Lifesciences fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Liab	Net Debt	Accounts Payable	Cash	Other Assets	Long Term Debt
Total Assets		0.68	0.88	0.99	0.97	0.92	0.99	0.8	0.81	0.97	0.7	-0.91	0.72	0.96	0.96	-0.63	0.76	0.94	0.96	0.48	0.93	-0.68	0.73	0.85	0.81	0.4
Other Current Liab	0.68		0.43	0.72	0.72	0.78	0.68	0.66	0.45	0.71	0.29	-0.67	0.39	0.72	0.77	-0.75	0.35	0.74	0.65	0.05	0.54	-0.48	0.4	0.45	0.65	0.31
Total Current Liabilities	0.88	0.43		0.82	0.8	0.69	0.87	0.65	0.74	0.85	0.74	-0.8	0.68	0.85	0.77	-0.34	0.81	0.77	0.85	0.61	0.91	-0.47	0.61	0.77	0.64	0.25
Total Stockholder Equity	0.99	0.72	0.82		0.99	0.95	0.98	0.84	0.75	0.97	0.66	-0.9	0.63	0.97	0.98	-0.69	0.67	0.97	0.94	0.37	0.87	-0.68	0.75	0.79	0.81	0.34
Property Plant And Equipment Net	0.97	0.72	0.8	0.99		0.93	0.98	0.8	0.71	0.97	0.67	-0.86	0.64	0.96	0.98	-0.66	0.67	0.96	0.91	0.32	0.87	-0.7	0.78	0.77	0.84	0.31
Retained Earnings	0.92	0.78	0.69	0.95	0.93		0.89	0.93	0.73	0.93	0.45	-0.87	0.52	0.93	0.96	-0.87	0.53	0.96	0.91	0.27	0.73	-0.66	0.58	0.73	0.79	0.35
Non Current Assets Total	0.99	0.68	0.87	0.98	0.98	0.89		0.77	0.72	0.95	0.76	-0.87	0.7	0.94	0.95	-0.58	0.75	0.92	0.9	0.46	0.92	-0.61	0.8	0.79	0.79	0.36
Non Currrent Assets Other	0.8	0.66	0.65	0.84	0.8	0.93	0.77		0.61	0.83	0.33	-0.8	0.29	0.88	0.84	-0.86	0.35	0.91	0.81	0.19	0.58	-0.54	0.44	0.62	0.74	0.16
Cash And Short Term Investments	0.81	0.45	0.74	0.75	0.71	0.73	0.72	0.61		0.76	0.42	-0.83	0.78	0.72	0.74	-0.55	0.75	0.68	0.92	0.63	0.8	-0.69	0.32	0.93	0.63	0.61
Net Receivables	0.97	0.71	0.85	0.97	0.97	0.93	0.95	0.83	0.76		0.61	-0.88	0.63	0.98	0.95	-0.67	0.68	0.96	0.95	0.32	0.87	-0.75	0.67	0.82	0.79	0.28
Good Will	0.7	0.29	0.74	0.66	0.67	0.45	0.76	0.33	0.42	0.61		-0.52	0.72	0.63	0.57	-0.04	0.81	0.55	0.56	0.6	0.79	-0.35	0.88	0.59	0.53	0.37
Common Stock Shares Outstanding	-0.91	-0.67	-0.8	-0.9	-0.86	-0.87	-0.87	-0.8	-0.83	-0.88	-0.52		-0.59	-0.9	-0.88	0.62	-0.59	-0.88	-0.93	-0.48	-0.83	0.62	-0.52	-0.85	-0.75	-0.46
Non Current Liabilities Total	0.72	0.39	0.68	0.63	0.64	0.52	0.7	0.29	0.78	0.63	0.72	-0.59		0.57	0.59	-0.27	0.96	0.48	0.72	0.76	0.85	-0.56	0.54	0.82	0.59	0.74
Inventory	0.96	0.72	0.85	0.97	0.96	0.93	0.94	0.88	0.72	0.98	0.63	-0.9	0.57		0.96	-0.68	0.63	0.98	0.93	0.33	0.85	-0.69	0.69	0.79	0.84	0.26
Other Current Assets	0.96	0.77	0.77	0.98	0.98	0.96	0.95	0.84	0.74	0.95	0.57	-0.88	0.59	0.96		-0.74	0.62	0.97	0.93	0.3	0.83	-0.69	0.7	0.76	0.85	0.3
Other Stockholder Equity	-0.63	-0.75	-0.34	-0.69	-0.66	-0.87	-0.58	-0.86	-0.55	-0.67	-0.04	0.62	-0.27	-0.68	-0.74		-0.22	-0.74	-0.67	-0.05	-0.37	0.51	-0.23	-0.48	-0.64	-0.3
Total Liab	0.76	0.35	0.81	0.67	0.67	0.53	0.75	0.35	0.75	0.68	0.81	-0.59	0.96	0.63	0.62	-0.22		0.53	0.74	0.78	0.88	-0.5	0.61	0.79	0.58	0.6
Property Plant And Equipment Gross	0.94	0.74	0.77	0.97	0.96	0.96	0.92	0.91	0.68	0.96	0.55	-0.88	0.48	0.98	0.97	-0.74	0.53		0.91	0.23	0.78	-0.69	0.68	0.74	0.82	0.22
Total Current Assets	0.96	0.65	0.85	0.94	0.91	0.91	0.9	0.81	0.92	0.95	0.56	-0.93	0.72	0.93	0.93	-0.67	0.74	0.91		0.48	0.89	-0.76	0.55	0.92	0.79	0.44
Short Long Term Debt Total	0.48	0.05	0.61	0.37	0.32	0.27	0.46	0.19	0.63	0.32	0.6	-0.48	0.76	0.33	0.3	-0.05	0.78	0.23	0.48		0.61	-0.06	0.31	0.61	0.32	0.74
Other Liab	0.93	0.54	0.91	0.87	0.87	0.73	0.92	0.58	0.8	0.87	0.79	-0.83	0.85	0.85	0.83	-0.37	0.88	0.78	0.89	0.61		-0.67	0.71	0.89	0.8	0.44
Net Debt	-0.68	-0.48	-0.47	-0.68	-0.7	-0.66	-0.61	-0.54	-0.69	-0.75	-0.35	0.62	-0.56	-0.69	-0.69	0.51	-0.5	-0.69	-0.76	-0.06	-0.67		-0.44	-0.8	-0.68	-0.26
Accounts Payable	0.73	0.4	0.61	0.75	0.78	0.58	0.8	0.44	0.32	0.67	0.88	-0.52	0.54	0.69	0.7	-0.23	0.61	0.68	0.55	0.31	0.71	-0.44		0.51	0.62	0.21
Cash	0.85	0.45	0.77	0.79	0.77	0.73	0.79	0.62	0.93	0.82	0.59	-0.85	0.82	0.79	0.76	-0.48	0.79	0.74	0.92	0.61	0.89	-0.8	0.51		0.75	0.6
Other Assets	0.81	0.65	0.64	0.81	0.84	0.79	0.79	0.74	0.63	0.79	0.53	-0.75	0.59	0.84	0.85	-0.64	0.58	0.82	0.79	0.32	0.8	-0.68	0.62	0.75		0.31
Long Term Debt	0.4	0.31	0.25	0.34	0.31	0.35	0.36	0.16	0.61	0.28	0.37	-0.46	0.74	0.26	0.3	-0.3	0.6	0.22	0.44	0.74	0.44	-0.26	0.21	0.6	0.31

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Edwards Lifesciences Account Relationship Matchups

Edwards Lifesciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.5B	7.2B	8.5B	8.3B	9.4B	9.8B
Other Current Liab	6.4M	574.7M	677.3M	673.3M	821.9M	863.0M
Total Current Liabilities	902.4M	893.9M	1.0B	1.0B	1.2B	1.3B
Total Stockholder Equity	4.1B	4.6B	5.8B	5.8B	6.7B	7.0B
Property Plant And Equipment Net	1.1B	1.5B	1.6B	1.7B	1.8B	1.9B
Retained Earnings	3.7B	4.6B	6.1B	7.6B	9.0B	9.4B
Non Current Assets Total	3.5B	4.1B	5.3B	5.2B	5.3B	5.6B
Non Currrent Assets Other	101.8M	119.6M	110.8M	299.1M	463.7M	486.9M
Cash And Short Term Investments	1.5B	1.4B	1.5B	1.2B	1.6B	1.7B
Net Receivables	599.1M	602.8M	664.9M	699.1M	836.9M	878.7M
Good Will	1.2B	1.2B	1.2B	1.2B	1.3B	688.6M
Common Stock Shares Outstanding	636.6M	631.9M	631.2M	624.2M	609.4M	550.8M
Liabilities And Stockholders Equity	6.5B	7.2B	8.5B	8.3B	9.4B	9.8B
Non Current Liabilities Total	1.4B	1.8B	1.6B	1.5B	1.4B	800.7M
Inventory	640.9M	802.3M	726.7M	875.5M	1.2B	1.2B
Other Current Assets	168M	283.3M	322.3M	305.9M	386.1M	405.4M
Other Stockholder Equity	344.6M	(466M)	(716.5M)	(2.2B)	(2.8B)	(2.6B)
Total Liab	2.3B	2.7B	2.7B	2.5B	2.6B	1.4B
Property Plant And Equipment Gross	1.1B	1.5B	1.6B	1.7B	2.7B	2.8B
Total Current Assets	3.0B	3.1B	3.2B	3.1B	4.0B	4.2B
Accumulated Other Comprehensive Income	(156M)	(161.1M)	(157.7M)	(254.9M)	(242.8M)	(230.7M)
Short Long Term Debt Total	593.8M	678.8M	694.9M	690.3M	691.3M	486.4M
Other Liab	784.1M	1.1B	969.6M	797.6M	917.2M	963.1M
Net Debt	(500.3M)	(488.3M)	(172.5M)	(77.7M)	(449.1M)	(426.6M)
Accounts Payable	180.4M	196.5M	204.5M	201.9M	201.4M	139.5M
Cash	1.2B	1.2B	862.8M	769M	1.1B	1.2B
Other Assets	274M	1.2B	357.5M	783.1M	900.6M	945.6M
Long Term Debt	594.4M	595M	595.7M	596.3M	597M	425.6M
Common Stock Total Equity	218.1M	636.4M	642M	646.3M	743.2M	780.4M
Short Term Debt	0.0	25.5M	54.4M	51M	49.8M	47.3M
Intangible Assets	336.5M	331.4M	323.6M	285.2M	428.4M	449.8M
Common Stock	218.1M	636.4M	642M	646.3M	650.5M	683.0M
Property Plant Equipment	1.1B	1.4B	1.6B	1.7B	2.0B	2.1B
Treasury Stock	(1.0B)	(1.3B)	(1.9B)	(2.4B)	(2.2B)	(2.1B)
Short Term Investments	337.8M	219.4M	604M	446.3M	500.5M	382.6M
Net Tangible Assets	2.9B	3.4B	4.3B	4.4B	5.0B	5.3B
Retained Earnings Total Equity	3.7B	4.6B	6.1B	7.6B	8.7B	9.2B
Capital Surpluse	1.6B	1.4B	1.7B	2.0B	2.3B	1.2B
Long Term Investments	585.5M	801.6M	1.8B	1.2B	583.9M	582.2M

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Edwards Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

Edwards Lifesciences fundamental ratios Correlations

Edwards Lifesciences Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Edwards Lifesciences fundamental ratios Accounts

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Additional Tools for Edwards Stock Analysis

COMMON DESTINATIONS

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Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Other Current Assets	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Total Current Assets	- 0.93	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.91	Total Assets
Inventory	- 0.9	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.9	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.88	Common Stock Shares Outstanding
Other Current Assets	- 0.88	Common Stock Shares Outstanding