| GR1T Stock | | | 10.50 0.25 2.33% |
GRIT Real financial indicator trend analysis is much more than just examining GRIT Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRIT Real Estate is a good investment. Please check the relationship between GRIT Real Total Revenue and its Cost Of Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRIT Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Revenue vs Cost Of Revenue
Total Revenue vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRIT Real Estate Total Revenue account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GRIT Real's Total Revenue and Cost Of Revenue is 0.96. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of GRIT Real Estate, assuming nothing else is changed. The correlation between historical values of GRIT Real's Total Revenue and Cost Of Revenue 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 Revenue of GRIT Real Estate are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Revenue i.e., GRIT Real's Total Revenue and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts GRIT Real Estate generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Cost Of Revenue
Cost of Revenue is found on GRIT Real Estate income statement and represents the costs associated with goods and services GRIT Real provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from GRIT Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRIT Real Estate 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 GRIT Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 6.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 146.5
K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 42.1M | 46.6M | 51.6M | 88.2K | Total Revenue | 50.8M | 56.2M | 64.0M | 103.0K |
GRIT Real fundamental ratios Correlations
Click cells to compare fundamentals
GRIT Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GRIT Real fundamental ratios Accounts
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Additional Tools for GRIT Stock Analysis
When running GRIT Real's price analysis, check to
measure GRIT Real'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 GRIT Real is operating at the current time. Most of GRIT Real's value examination focuses on studying past and present price action to
predict the probability of GRIT Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRIT Real's price. Additionally, you may evaluate how the addition of GRIT Real to your portfolios can decrease your overall portfolio volatility.