Globe Operating Income vs Gross Profit Analysis

GL Stock

USD 111.38 0.90 0.81%

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

For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globe Life Operating Income account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Globe Life's Operating Income and Gross Profit is 0.74. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Globe Life, assuming nothing else is changed. The correlation between historical values of Globe Life's Operating 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 Operating Income of Globe Life 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 Operating Income i.e., Globe Life's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Globe Life operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Globe Life is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

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

For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.At this time, Globe Life's Tax Provision is quite stable compared to the past year. Enterprise Value is expected to rise to about 14.3 B this year, although the value of Selling General Administrative will most likely fall to about 29.2 M.

	2021	2022	2023	2024 (projected)
Total Revenue	5.1B	5.2B	5.4B	3.3B
Interest Expense	83.5M	90.4M	102.3M	71.3M

Total Revenue Interest Expense

Globe Life fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Short Term Debt	Intangible Assets	Common Stock	Cash	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.96	0.86	0.96	0.7	-0.81	0.15	-0.65	0.98	-0.2	-0.14	0.25	0.47	-0.08	0.64	-0.02	0.42	0.78	0.62	0.52	-0.27	0.51	0.62	-0.5	0.47	0.31
Short Long Term Debt Total	0.96		0.75	1.0	0.77	-0.79	0.33	-0.73	0.97	-0.29	-0.22	0.32	0.46	-0.13	0.7	0.03	0.3	0.77	0.53	0.59	-0.23	0.42	0.53	-0.51	0.57	0.1
Total Stockholder Equity	0.86	0.75		0.74	0.5	-0.61	-0.17	-0.55	0.74	-0.24	-0.2	0.17	0.45	0.14	0.35	-0.27	0.37	0.65	0.75	0.31	-0.16	0.34	0.75	-0.35	0.38	0.64
Net Debt	0.96	1.0	0.74		0.77	-0.78	0.34	-0.73	0.97	-0.31	-0.24	0.34	0.47	-0.12	0.71	0.02	0.28	0.74	0.53	0.6	-0.22	0.4	0.53	-0.52	0.57	0.09
Retained Earnings	0.7	0.77	0.5	0.77		-0.73	0.74	-0.88	0.72	-0.51	-0.44	0.31	0.77	0.13	0.6	0.34	0.26	0.67	0.09	0.83	-0.53	0.41	0.09	-0.36	0.84	-0.27
Common Stock Shares Outstanding	-0.81	-0.79	-0.61	-0.78	-0.73		-0.29	0.55	-0.87	-0.09	-0.16	-0.12	-0.42	0.32	-0.57	-0.33	-0.7	-0.73	-0.43	-0.6	0.72	-0.76	-0.44	0.54	-0.29	-0.13
Non Current Liabilities Total	0.15	0.33	-0.17	0.34	0.74	-0.29		-0.56	0.25	-0.53	-0.48	0.26	0.55	0.1	0.42	0.49	-0.08	0.21	-0.47	0.74	-0.36	0.12	-0.47	-0.12	0.7	-0.83
Other Stockholder Equity	-0.65	-0.73	-0.55	-0.73	-0.88	0.55	-0.56		-0.62	0.56	0.51	-0.23	-0.69	-0.24	-0.48	-0.19	0.05	-0.62	-0.13	-0.56	0.33	-0.07	-0.13	0.21	-0.8	0.14
Total Liab	0.98	0.97	0.74	0.97	0.72	-0.87	0.25	-0.62		-0.12	-0.05	0.23	0.43	-0.2	0.7	0.1	0.46	0.78	0.53	0.56	-0.35	0.58	0.53	-0.52	0.43	0.17
Other Current Liab	-0.2	-0.29	-0.24	-0.31	-0.51	-0.09	-0.53	0.56	-0.12		0.99	-0.28	-0.63	-0.67	-0.21	0.29	0.48	0.05	0.13	-0.43	-0.19	0.39	0.13	-0.1	-0.8	0.33
Total Current Liabilities	-0.14	-0.22	-0.2	-0.24	-0.44	-0.16	-0.48	0.51	-0.05	0.99		-0.26	-0.59	-0.7	-0.14	0.33	0.52	0.11	0.15	-0.37	-0.24	0.44	0.15	-0.14	-0.76	0.31
Property Plant And Equipment Net	0.25	0.32	0.17	0.34	0.31	-0.12	0.26	-0.23	0.23	-0.28	-0.26		0.29	0.06	0.31	-0.05	0.01	0.02	0.39	0.5	0.24	0.06	0.4	-0.83	0.49	-0.05
Non Current Assets Total	0.47	0.46	0.45	0.47	0.77	-0.42	0.55	-0.69	0.43	-0.63	-0.59	0.29		0.67	0.33	0.28	0.09	0.31	-0.1	0.74	-0.44	0.26	-0.09	-0.21	0.76	-0.08
Non Currrent Assets Other	-0.08	-0.13	0.14	-0.12	0.13	0.32	0.1	-0.24	-0.2	-0.67	-0.7	0.06	0.67		-0.15	-0.15	-0.41	-0.27	-0.29	0.13	0.1	-0.32	-0.29	0.27	0.43	0.07
Short Term Debt	0.64	0.7	0.35	0.71	0.6	-0.57	0.42	-0.48	0.7	-0.21	-0.14	0.31	0.33	-0.15		-0.02	0.24	0.5	0.23	0.46	-0.12	0.38	0.23	-0.42	0.45	-0.16
Intangible Assets	-0.02	0.03	-0.27	0.02	0.34	-0.33	0.49	-0.19	0.1	0.29	0.33	-0.05	0.28	-0.15	-0.02		0.27	0.3	-0.47	0.46	-0.65	0.43	-0.46	-0.12	0.05	-0.38
Common Stock	0.42	0.3	0.37	0.28	0.26	-0.7	-0.08	0.05	0.46	0.48	0.52	0.01	0.09	-0.41	0.24	0.27		0.52	0.4	0.33	-0.63	0.95	0.4	-0.43	-0.08	0.34
Cash	0.78	0.77	0.65	0.74	0.67	-0.73	0.21	-0.62	0.78	0.05	0.11	0.02	0.31	-0.27	0.5	0.3	0.52		0.36	0.44	-0.42	0.6	0.36	-0.26	0.41	0.17
Cash And Short Term Investments	0.62	0.53	0.75	0.53	0.09	-0.43	-0.47	-0.13	0.53	0.13	0.15	0.39	-0.1	-0.29	0.23	-0.47	0.4	0.36		0.02	0.14	0.26	1.0	-0.61	0.0	0.71
Net Receivables	0.52	0.59	0.31	0.6	0.83	-0.6	0.74	-0.56	0.56	-0.43	-0.37	0.5	0.74	0.13	0.46	0.46	0.33	0.44	0.02		-0.46	0.5	0.02	-0.52	0.71	-0.33
Good Will	-0.27	-0.23	-0.16	-0.22	-0.53	0.72	-0.36	0.33	-0.35	-0.19	-0.24	0.24	-0.44	0.1	-0.12	-0.65	-0.63	-0.42	0.14	-0.46		-0.68	0.14	0.12	-0.1	0.09
Common Stock Total Equity	0.51	0.42	0.34	0.4	0.41	-0.76	0.12	-0.07	0.58	0.39	0.44	0.06	0.26	-0.32	0.38	0.43	0.95	0.6	0.26	0.5	-0.68		0.26	-0.46	0.06	0.18
Short Term Investments	0.62	0.53	0.75	0.53	0.09	-0.44	-0.47	-0.13	0.53	0.13	0.15	0.4	-0.09	-0.29	0.23	-0.46	0.4	0.36	1.0	0.02	0.14	0.26		-0.62	0.01	0.71
Other Current Assets	-0.5	-0.51	-0.35	-0.52	-0.36	0.54	-0.12	0.21	-0.52	-0.1	-0.14	-0.83	-0.21	0.27	-0.42	-0.12	-0.43	-0.26	-0.61	-0.52	0.12	-0.46	-0.62		-0.23	-0.17
Property Plant And Equipment Gross	0.47	0.57	0.38	0.57	0.84	-0.29	0.7	-0.8	0.43	-0.8	-0.76	0.49	0.76	0.43	0.45	0.05	-0.08	0.41	0.0	0.71	-0.1	0.06	0.01	-0.23		-0.32
Total Current Assets	0.31	0.1	0.64	0.09	-0.27	-0.13	-0.83	0.14	0.17	0.33	0.31	-0.05	-0.08	0.07	-0.16	-0.38	0.34	0.17	0.71	-0.33	0.09	0.18	0.71	-0.17	-0.32

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Globe Life Account Relationship Matchups

Globe Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	26.0B	29.0B	29.8B	25.5B	28.1B	16.0B
Short Long Term Debt Total	1.6B	1.9B	2.0B	2.1B	2.1B	1.1B
Total Stockholder Equity	7.3B	8.8B	8.6B	4.9B	4.5B	3.5B
Net Debt	1.6B	1.8B	1.9B	2.0B	2.0B	1.1B
Retained Earnings	5.6B	5.9B	6.2B	6.5B	7.5B	7.9B
Common Stock Shares Outstanding	111.4M	107.2M	103.2M	99.0M	96.4M	91.5M
Liabilities And Stockholders Equity	26.0B	29.0B	29.8B	25.5B	28.1B	16.0B
Non Current Liabilities Total	1.3B	1.7B	1.5B	16.2B	22.1B	23.2B
Other Stockholder Equity	(219.1M)	(245.5M)	(326.1M)	(259.9M)	(321.8M)	(305.7M)
Total Liab	18.7B	20.3B	21.1B	20.6B	23.6B	12.1B
Other Current Liab	(298.7M)	(2.5B)	(2.7B)	(1.6B)	(1.5B)	(1.4B)
Total Current Liabilities	298.7M	254.9M	479.6M	1.1B	1.5B	1.4B
Property Plant And Equipment Net	161M	186M	205M	212M	239.9M	251.9M
Non Current Assets Total	19.5B	21.9B	22.1B	481.8M	27.9B	29.3B
Non Currrent Assets Other	(1.5B)	(1.8B)	(1.8B)	(17.5B)	(2.9B)	(3.1B)
Short Term Debt	298.7M	254.9M	479.6M	449.1M	486.1M	301.9M
Common Stock	117.2M	113.2M	109.2M	105.2M	102.2M	121.0M
Cash	75.9M	94.8M	92.2M	92.6M	103.2M	70.9M
Cash And Short Term Investments	19.0B	21.4B	21.5B	16.7B	103.2M	98.0M
Net Receivables	441.7M	474.2M	487.4M	484.9M	630.2M	661.7M
Common Stock Total Equity	117.2M	113.2M	109.2M	105.2M	121.0M	122.7M
Short Term Investments	18.9B	21.3B	21.4B	16.6B	191.6M	182.0M
Other Current Assets	887.8M	998.2M	999.8M	1.1B	1.2B	1.1B
Property Plant And Equipment Gross	108M	135M	161M	186M	213.9M	224.6M
Total Current Assets	19.5B	21.9B	22.0B	206.7M	733.4M	696.7M
Accumulated Other Comprehensive Income	1.8B	3.0B	2.7B	(1.4B)	(2.8B)	(2.6B)
Other Assets	(13.0B)	(14.8B)	(14.2B)	24.8B	(630.2M)	(598.7M)
Accounts Payable	1.5B	399.5M	412.9M	509.4M	514.9M	677.2M
Net Tangible Assets	6.9B	8.3B	8.1B	4.4B	5.1B	5.9B
Long Term Debt	1.3B	1.7B	1.5B	1.6B	1.6B	1.4B
Retained Earnings Total Equity	5.6B	5.9B	6.2B	6.5B	7.4B	5.3B
Long Term Debt Total	1.3B	1.7B	1.5B	1.6B	1.9B	1.4B
Capital Surpluse	531.6M	527.4M	520.6M	529.7M	609.1M	551.8M
Long Term Investments	20.1B	22.7B	23.0B	18.5B	18.0B	19.6B
Treasury Stock	(750.6M)	(772.9M)	(846.7M)	(789.5M)	(710.6M)	(746.1M)
Non Current Liabilities Other	15.6B	16.5B	17.3B	17.9B	20.6B	16.5B
Other Liab	15.1B	16.0B	16.9B	17.4B	20.0B	16.8B
Short Long Term Debt	298.7M	254.9M	479.6M	449.1M	486.1M	381.2M

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How To Invest In Globe

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Is Globe Stock a good investment?

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What is Globe Life's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Is Life & Health Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globe Life. If investors know Globe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globe Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.284

Dividend Share

0.945

Earnings Share

11.8

Revenue Per Share

62.39

Quarterly Revenue Growth

0.052

The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globe Life's market value can be influenced by many factors that don't directly affect Globe Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Globe Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Globe Life fundamental ratios Correlations

Globe Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Globe Life fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Short Term Investments	+ 1.0	Cash And Short Term Investments
Total Current Liabilities	+ 0.99	Other Current Liab
Total Liab	+ 0.98	Total Assets
Total Liab	+ 0.97	Short Long Term Debt Total
Total Liab	+ 0.97	Net Debt

Other Stockholder Equity	- 0.88	Retained Earnings
Total Liab	- 0.87	Common Stock Shares Outstanding
Other Current Assets	- 0.83	Property Plant And Equipment Net
Total Current Assets	- 0.83	Non Current Liabilities Total
Common Stock Shares Outstanding	- 0.81	Total Assets
Property Plant And Equipment Gross	- 0.8	Other Current Liab