IDHC Stock | | | 0.40 0.02 5.26% |
Integrated Diagnostics financial indicator trend analysis is infinitely more than just investigating Integrated Diagnostics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Integrated Diagnostics is a good investment. Please check the relationship between Integrated Diagnostics Gross Profit and its Selling And Marketing Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integrated Diagnostics Holdings. 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.
Gross Profit vs Selling And Marketing Expenses
Gross Profit vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Integrated Diagnostics Gross Profit account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Integrated Diagnostics' Gross Profit and Selling And Marketing Expenses is 0.81. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Integrated Diagnostics Holdings, assuming nothing else is changed. The correlation between historical values of Integrated Diagnostics' Gross Profit and Selling And Marketing Expenses 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 Integrated Diagnostics Holdings are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Gross Profit i.e., Integrated Diagnostics' Gross Profit and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Integrated Diagnostics Holdings minus its cost of goods sold. It is profit before Integrated Diagnostics 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.
Selling And Marketing Expenses
Most indicators from Integrated Diagnostics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Integrated Diagnostics 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 Integrated Diagnostics Holdings. 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 339.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 168.1
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.8B | 1.5B | 1.5B | 1.1B | Total Revenue | 5.2B | 3.6B | 4.1B | 2.3B |
Integrated Diagnostics fundamental ratios Correlations
Click cells to compare fundamentals
Integrated Diagnostics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Integrated Diagnostics fundamental ratios Accounts
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