GEV Gross Profit vs Net Income Analysis
| GEV Stock | 335.33 3.56 1.05% |
GE Vernova financial indicator trend analysis is much more than just examining GE Vernova LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GE Vernova LLC is a good investment. Please check the relationship between GE Vernova Gross Profit and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GE Vernova LLC. 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.
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 GE Vernova LLC Gross Profit account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between GE Vernova's Gross Profit and Net Income is 0.62. 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 GE Vernova LLC, assuming nothing else is changed. The correlation between historical values of GE Vernova'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 GE Vernova LLC 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., GE Vernova's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of GE Vernova LLC minus its cost of goods sold. It is profit before GE Vernova 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 GE Vernova LLC financial statement analysis. It represents the amount of money remaining after all of GE Vernova LLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from GE Vernova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GE Vernova LLC 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GE Vernova LLC. 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. Tax Provision is likely to climb to about 553.4 M in 2024. Selling General Administrative is likely to climb to about 5.5 B in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.2B | 991M | 964M | 834.9M | Interest Income | 71M | 42M | 37.8M | 45.2M |
GE Vernova fundamental ratios Correlations
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GE Vernova Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for GEV Stock Analysis
When running GE Vernova's price analysis, check to measure GE Vernova'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 GE Vernova is operating at the current time. Most of GE Vernova's value examination focuses on studying past and present price action to predict the probability of GE Vernova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GE Vernova's price. Additionally, you may evaluate how the addition of GE Vernova to your portfolios can decrease your overall portfolio volatility.