Formula Total Operating Expenses vs Net Income Analysis

FORTY Stock

USD 82.73 2.53 3.15%

Formula Systems financial indicator trend analysis is much more than just examining Formula Systems 1985 latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Formula Systems 1985 is a good investment. Please check the relationship between Formula Systems Total Operating Expenses and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Total Operating Expenses vs Net Income

Total Operating Expenses vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Formula Systems 1985 Total Operating Expenses account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Formula Systems' Total Operating Expenses and Net Income is 0.53. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of Formula Systems 1985, assuming nothing else is changed. The correlation between historical values of Formula Systems' Total Operating Expenses 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 Total Operating Expenses of Formula Systems 1985 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 Total Operating Expenses i.e., Formula Systems' Total Operating Expenses and Net Income go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

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Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Formula Systems 1985 financial statement analysis. It represents the amount of money remaining after all of Formula Systems 1985 operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Formula Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Formula Systems 1985 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 Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Formula Systems' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 3.28 in 2024, whereas Selling General Administrative is likely to drop slightly above 155 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	24.0M	19.9M	38.4M	40.3M
Depreciation And Amortization	122.2M	115.3M	121.8M	127.9M

Interest Expense Depreciation And Amortization

Formula Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab
Total Assets		0.99	0.94	0.99	0.82	0.92	0.96	0.92	0.95	0.97	0.99	-0.18	0.97	0.98	0.61	0.6	0.97	0.86	0.9	0.58	1.0	0.99	0.98	0.87	0.86	0.72
Short Long Term Debt Total	0.99		0.96	0.98	0.81	0.94	0.97	0.87	0.91	0.99	0.97	-0.29	0.98	0.97	0.57	0.53	0.98	0.82	0.85	0.53	0.99	0.98	0.98	0.89	0.85	0.74
Other Current Liab	0.94	0.96		0.95	0.78	0.88	0.91	0.83	0.9	0.95	0.92	-0.24	0.94	0.95	0.55	0.45	0.92	0.83	0.75	0.56	0.96	0.95	0.95	0.87	0.79	0.68
Total Current Liabilities	0.99	0.98	0.95		0.78	0.94	0.95	0.89	0.97	0.97	0.96	-0.19	0.98	0.99	0.53	0.63	0.93	0.89	0.89	0.59	0.99	1.0	0.99	0.86	0.8	0.71
Total Stockholder Equity	0.82	0.81	0.78	0.78		0.71	0.82	0.8	0.7	0.78	0.85	-0.08	0.76	0.77	0.72	0.31	0.85	0.62	0.7	0.6	0.82	0.77	0.77	0.78	0.86	0.71
Property Plant And Equipment Net	0.92	0.94	0.88	0.94	0.71		0.89	0.79	0.9	0.94	0.89	-0.18	0.95	0.9	0.36	0.62	0.89	0.87	0.86	0.62	0.94	0.94	0.95	0.8	0.72	0.73
Net Debt	0.96	0.97	0.91	0.95	0.82	0.89		0.88	0.88	0.91	0.96	-0.2	0.91	0.96	0.65	0.51	0.96	0.75	0.82	0.55	0.97	0.94	0.94	0.85	0.89	0.71
Retained Earnings	0.92	0.87	0.83	0.89	0.8	0.79	0.88		0.89	0.84	0.93	0.06	0.86	0.89	0.61	0.67	0.85	0.86	0.82	0.43	0.89	0.89	0.88	0.66	0.88	0.48
Accounts Payable	0.95	0.91	0.9	0.97	0.7	0.9	0.88	0.89		0.91	0.91	-0.08	0.93	0.96	0.45	0.74	0.84	0.95	0.89	0.57	0.94	0.97	0.96	0.77	0.72	0.62
Cash	0.97	0.99	0.95	0.97	0.78	0.94	0.91	0.84	0.91		0.94	-0.35	1.0	0.94	0.5	0.53	0.95	0.84	0.84	0.5	0.98	0.98	0.97	0.89	0.8	0.73
Non Current Assets Total	0.99	0.97	0.92	0.96	0.85	0.89	0.96	0.93	0.91	0.94		-0.13	0.94	0.96	0.69	0.55	0.97	0.82	0.9	0.59	0.98	0.96	0.95	0.85	0.9	0.71
Non Currrent Assets Other	-0.18	-0.29	-0.24	-0.19	-0.08	-0.18	-0.2	0.06	-0.08	-0.35	-0.13		-0.31	-0.21	-0.02	0.08	-0.27	0.08	-0.07	0.23	-0.22	-0.24	-0.2	-0.51	-0.14	-0.27
Cash And Short Term Investments	0.97	0.98	0.94	0.98	0.76	0.95	0.91	0.86	0.93	1.0	0.94	-0.31		0.95	0.48	0.61	0.94	0.87	0.87	0.49	0.98	0.99	0.97	0.87	0.79	0.7
Net Receivables	0.98	0.97	0.95	0.99	0.77	0.9	0.96	0.89	0.96	0.94	0.96	-0.21	0.95		0.59	0.61	0.93	0.85	0.86	0.56	0.98	0.99	0.98	0.87	0.82	0.71
Common Stock Shares Outstanding	0.61	0.57	0.55	0.53	0.72	0.36	0.65	0.61	0.45	0.5	0.69	-0.02	0.48	0.59		0.11	0.68	0.29	0.52	0.49	0.6	0.53	0.51	0.56	0.76	0.55
Short Term Investments	0.6	0.53	0.45	0.63	0.31	0.62	0.51	0.67	0.74	0.53	0.55	0.08	0.61	0.61	0.11		0.41	0.78	0.69	0.25	0.56	0.64	0.64	0.35	0.42	0.16
Non Current Liabilities Total	0.97	0.98	0.92	0.93	0.85	0.89	0.96	0.85	0.84	0.95	0.97	-0.27	0.94	0.93	0.68	0.41		0.73	0.84	0.57	0.97	0.94	0.92	0.89	0.89	0.78
Inventory	0.86	0.82	0.83	0.89	0.62	0.87	0.75	0.86	0.95	0.84	0.82	0.08	0.87	0.85	0.29	0.78	0.73		0.84	0.55	0.85	0.89	0.88	0.63	0.61	0.5
Other Current Assets	0.9	0.85	0.75	0.89	0.7	0.86	0.82	0.82	0.89	0.84	0.9	-0.07	0.87	0.86	0.52	0.69	0.84	0.84		0.64	0.89	0.89	0.87	0.77	0.74	0.7
Other Stockholder Equity	0.58	0.53	0.56	0.59	0.6	0.62	0.55	0.43	0.57	0.5	0.59	0.23	0.49	0.56	0.49	0.25	0.57	0.55	0.64		0.59	0.55	0.57	0.56	0.44	0.72
Total Liab	1.0	0.99	0.96	0.99	0.82	0.94	0.97	0.89	0.94	0.98	0.98	-0.22	0.98	0.98	0.6	0.56	0.97	0.85	0.89	0.59		0.99	0.98	0.89	0.85	0.75
Total Current Assets	0.99	0.98	0.95	1.0	0.77	0.94	0.94	0.89	0.97	0.98	0.96	-0.24	0.99	0.99	0.53	0.64	0.94	0.89	0.89	0.55	0.99		0.99	0.87	0.81	0.71
Short Term Debt	0.98	0.98	0.95	0.99	0.77	0.95	0.94	0.88	0.96	0.97	0.95	-0.2	0.97	0.98	0.51	0.64	0.92	0.88	0.87	0.57	0.98	0.99		0.85	0.79	0.7
Intangible Assets	0.87	0.89	0.87	0.86	0.78	0.8	0.85	0.66	0.77	0.89	0.85	-0.51	0.87	0.87	0.56	0.35	0.89	0.63	0.77	0.56	0.89	0.87	0.85		0.74	0.8
Common Stock	0.86	0.85	0.79	0.8	0.86	0.72	0.89	0.88	0.72	0.8	0.9	-0.14	0.79	0.82	0.76	0.42	0.89	0.61	0.74	0.44	0.85	0.81	0.79	0.74		0.59
Other Liab	0.72	0.74	0.68	0.71	0.71	0.73	0.71	0.48	0.62	0.73	0.71	-0.27	0.7	0.71	0.55	0.16	0.78	0.5	0.7	0.72	0.75	0.71	0.7	0.8	0.59

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Formula Systems Account Relationship Matchups

Formula Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.5B	2.7B	2.8B	2.8B	3.0B
Short Long Term Debt Total	603.5M	668.5M	712.9M	772.7M	670.0M	703.5M
Other Current Liab	260.3M	303.7M	335.3M	506.8M	326.4M	342.8M
Total Current Liabilities	671.3M	779.8M	944.7M	1.0B	985.7M	1.0B
Total Stockholder Equity	421.6M	502.7M	541.0M	551.9M	625.8M	325.3M
Property Plant And Equipment Net	147.2M	174.0M	172.7M	172.3M	173.6M	182.3M
Net Debt	234.4M	166.9M	227.5M	228.3M	218.0M	228.9M
Retained Earnings	285.1M	324.4M	358.3M	419.4M	475.2M	499.0M
Accounts Payable	125.2M	153.3M	205.8M	222.5M	258.6M	271.6M
Cash	369.0M	501.6M	485.4M	544.3M	451.9M	474.5M
Non Current Assets Total	1.1B	1.4B	1.4B	1.4B	1.4B	1.5B
Non Currrent Assets Other	21.5M	22.7M	23.7M	39.8M	63.6M	63.0M
Cash And Short Term Investments	405.5M	533.2M	512.5M	569.1M	528.2M	554.6M
Net Receivables	553.1M	519.9M	696.3M	725.1M	721.0M	757.1M
Common Stock Shares Outstanding	15.3M	15.3M	15.4M	15.5M	15.5M	14.4M
Short Term Investments	36.5M	31.5M	27.1M	24.7M	76.2M	80.0M
Liabilities And Stockholders Equity	2.1B	2.5B	2.7B	2.8B	2.8B	3.0B
Non Current Liabilities Total	520.8M	632.7M	623.2M	614.8M	518.8M	544.7M
Inventory	7.2M	24.0M	20.1M	35.2M	42.0M	44.1M
Other Current Assets	37.4M	83.8M	72.1M	42.2M	84.7M	88.9M
Other Stockholder Equity	120.5M	149.0M	152.8M	145.1M	157.2M	127.1M
Total Liab	1.2B	1.4B	1.6B	1.6B	1.5B	1.6B
Total Current Assets	965.8M	1.2B	1.3B	1.4B	1.4B	1.4B
Accumulated Other Comprehensive Income	11.7M	25.5M	25.5M	(17.0M)	(11.0M)	(10.5M)
Short Term Debt	192.3M	194.0M	265.8M	271.7M	262.9M	276.1M
Intangible Assets	165.3M	222.3M	241.9M	222.7M	206.9M	142.3M
Common Stock	4.2M	4.2M	4.3M	4.3M	4.4M	4.3M
Other Liab	110.4M	157.1M	174.1M	113.8M	130.9M	74.8M
Other Assets	61.1M	62.6M	70.0M	42.2M	1.0	0.95
Long Term Debt	337.5M	383.4M	364.3M	421.5M	322.4M	162.7M
Good Will	724.2M	872.4M	932.9M	926.2M	936.6M	983.4M
Property Plant Equipment	147.2M	173.6M	172.7M	172.3M	198.2M	208.1M
Current Deferred Revenue	93.5M	128.9M	140.7M	132.7M	137.6M	144.5M
Property Plant And Equipment Gross	147.2M	173.6M	172.7M	172.3M	446.1M	468.5M
Net Tangible Assets	(467.8M)	(591.5M)	(633.8M)	(594.9M)	(535.4M)	(562.2M)
Long Term Investments	48.2M	28.5M	28.9M	20.6M	45.2M	39.6M
Short Long Term Debt	156.7M	161.9M	222.1M	226.2M	218.9M	146.0M

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Formula Total Operating Expenses vs Net Income Analysis

Total Operating Expenses vs Net Income

Total Operating Expenses vs Net Income Correlation Analysis

Correlation Coefficient

Total Operating Expenses

Net Income

Formula Systems fundamental ratios Correlations

Formula Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Formula Systems fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Intangible Assets	- 0.51	Non Currrent Assets Other
Non Currrent Assets Other	- 0.35	Cash
Cash And Short Term Investments	- 0.31	Non Currrent Assets Other
Non Currrent Assets Other	- 0.29	Short Long Term Debt Total
Other Liab	- 0.27	Non Currrent Assets Other
Non Current Liabilities Total	- 0.27	Non Currrent Assets Other