Inspiration Gross Profit vs Net Income Analysis

IHC Stock

15.50 0.25 1.59%

Inspiration Healthcare financial indicator trend analysis is infinitely more than just investigating Inspiration Healthcare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inspiration Healthcare is a good investment. Please check the relationship between Inspiration Healthcare 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 Inspiration Healthcare Group. 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.

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 Inspiration Healthcare Gross Profit account and Net Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Inspiration Healthcare's Gross Profit and Net Income is 0.13. 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 Inspiration Healthcare Group, assuming nothing else is changed. The correlation between historical values of Inspiration Healthcare'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 Inspiration Healthcare Group 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., Inspiration Healthcare's Gross Profit and Net Income go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Inspiration Healthcare Group minus its cost of goods sold. It is profit before Inspiration Healthcare 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 Inspiration Healthcare financial statement analysis. It represents the amount of money remaining after all of Inspiration Healthcare Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Inspiration Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inspiration Healthcare 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 Inspiration Healthcare Group. 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.

As of November 27, 2024, Selling General Administrative is expected to decline to about 2.4 M. In addition to that, Tax Provision is expected to decline to about 202.1 K

	2020	2021	2022	2023 (projected)
Gross Profit	17.1M	20.2M	17.6M	17.9M
Total Revenue	37.0M	41.1M	41.2M	37.6M

Gross Profit Total Revenue

Inspiration Healthcare fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Stockholder Equity	Long Term Debt	Net Receivables	Property Plant Equipment
Total Assets		0.91	0.82	0.96	0.99	0.94	0.7	0.5	0.45	0.94	0.99	0.13	0.94	0.94	0.94	0.83	0.98	0.92	0.99	0.5	0.92	0.94	0.72	0.67	0.96	0.78
Short Long Term Debt Total	0.91		0.55	0.87	0.87	1.0	0.61	0.81	0.34	0.86	0.94	-0.2	0.83	0.99	0.93	0.85	0.96	1.0	0.84	0.74	0.74	0.79	0.61	0.9	0.91	0.7
Other Current Liab	0.82	0.55		0.85	0.84	0.6	0.68	0.02	0.55	0.84	0.74	0.58	0.85	0.62	0.74	0.46	0.75	0.57	0.89	0.14	0.78	0.9	0.5	0.28	0.76	0.49
Total Current Liabilities	0.96	0.87	0.85		0.94	0.89	0.74	0.48	0.56	0.99	0.94	0.28	0.98	0.9	0.94	0.75	0.97	0.88	0.97	0.54	0.84	0.98	0.58	0.68	0.95	0.68
Total Stockholder Equity	0.99	0.87	0.84	0.94		0.9	0.68	0.42	0.44	0.91	0.98	0.16	0.93	0.91	0.91	0.82	0.95	0.88	0.99	0.43	0.95	0.93	0.74	0.6	0.94	0.8
Property Plant And Equipment Net	0.94	1.0	0.6	0.89	0.9		0.63	0.76	0.35	0.88	0.97	-0.16	0.86	1.0	0.93	0.87	0.97	1.0	0.88	0.69	0.79	0.82	0.65	0.85	0.93	0.74
Current Deferred Revenue	0.7	0.61	0.68	0.74	0.68	0.63		0.29	0.37	0.75	0.66	0.27	0.74	0.64	0.68	0.5	0.7	0.62	0.72	0.26	0.58	0.74	0.4	0.48	0.69	0.44
Net Debt	0.5	0.81	0.02	0.48	0.42	0.76	0.29		0.07	0.5	0.58	-0.54	0.43	0.75	0.64	0.58	0.64	0.8	0.39	0.87	0.25	0.35	0.28	0.94	0.55	0.36
Retained Earnings	0.45	0.34	0.55	0.56	0.44	0.35	0.37	0.07		0.56	0.38	0.45	0.65	0.32	0.34	0.26	0.45	0.33	0.49	0.32	0.39	0.63	-0.17	0.17	0.56	0.39
Accounts Payable	0.94	0.86	0.84	0.99	0.91	0.88	0.75	0.5	0.56		0.91	0.26	0.98	0.89	0.91	0.72	0.96	0.87	0.95	0.54	0.79	0.97	0.54	0.69	0.96	0.66
Non Current Assets Total	0.99	0.94	0.74	0.94	0.98	0.97	0.66	0.58	0.38	0.91		0.01	0.9	0.97	0.94	0.86	0.98	0.95	0.96	0.56	0.91	0.89	0.75	0.73	0.95	0.8
Common Stock Total Equity	0.13	-0.2	0.58	0.28	0.16	-0.16	0.27	-0.54	0.45	0.26	0.01		0.29	-0.13	0.1	-0.18	0.07	-0.18	0.26	-0.17	0.2	0.39	-0.07	-0.27	0.07	-0.05
Common Stock Shares Outstanding	0.94	0.83	0.85	0.98	0.93	0.86	0.74	0.43	0.65	0.98	0.9	0.29		0.86	0.88	0.75	0.94	0.84	0.96	0.48	0.82	0.99	0.52	0.61	0.95	0.7
Non Current Liabilities Total	0.94	0.99	0.62	0.9	0.91	1.0	0.64	0.75	0.32	0.89	0.97	-0.13	0.86		0.96	0.85	0.98	0.99	0.89	0.68	0.79	0.83	0.67	0.86	0.92	0.71
Inventory	0.94	0.93	0.74	0.94	0.91	0.93	0.68	0.64	0.34	0.91	0.94	0.1	0.88	0.96		0.72	0.97	0.93	0.92	0.65	0.76	0.88	0.64	0.83	0.87	0.57
Other Current Assets	0.83	0.85	0.46	0.75	0.82	0.87	0.5	0.58	0.26	0.72	0.86	-0.18	0.75	0.85	0.72		0.82	0.85	0.78	0.5	0.81	0.72	0.7	0.63	0.84	0.87
Total Liab	0.98	0.96	0.75	0.97	0.95	0.97	0.7	0.64	0.45	0.96	0.98	0.07	0.94	0.98	0.97	0.82		0.96	0.96	0.63	0.83	0.93	0.65	0.79	0.96	0.71
Property Plant And Equipment Gross	0.92	1.0	0.57	0.88	0.88	1.0	0.62	0.8	0.33	0.87	0.95	-0.18	0.84	0.99	0.93	0.85	0.96		0.86	0.73	0.75	0.8	0.63	0.89	0.91	0.71
Total Current Assets	0.99	0.84	0.89	0.97	0.99	0.88	0.72	0.39	0.49	0.95	0.96	0.26	0.96	0.89	0.92	0.78	0.96	0.86		0.42	0.92	0.97	0.68	0.59	0.94	0.74
Short Term Debt	0.5	0.74	0.14	0.54	0.43	0.69	0.26	0.87	0.32	0.54	0.56	-0.17	0.48	0.68	0.65	0.5	0.63	0.73	0.42		0.29	0.44	0.13	0.91	0.55	0.37
Intangible Assets	0.92	0.74	0.78	0.84	0.95	0.79	0.58	0.25	0.39	0.79	0.91	0.2	0.82	0.79	0.76	0.81	0.83	0.75	0.92	0.29		0.84	0.8	0.41	0.86	0.89
Common Stock	0.94	0.79	0.9	0.98	0.93	0.82	0.74	0.35	0.63	0.97	0.89	0.39	0.99	0.83	0.88	0.72	0.93	0.8	0.97	0.44	0.84		0.54	0.57	0.92	0.67
Other Stockholder Equity	0.72	0.61	0.5	0.58	0.74	0.65	0.4	0.28	-0.17	0.54	0.75	-0.07	0.52	0.67	0.64	0.7	0.65	0.63	0.68	0.13	0.8	0.54		0.38	0.59	0.68
Long Term Debt	0.67	0.9	0.28	0.68	0.6	0.85	0.48	0.94	0.17	0.69	0.73	-0.27	0.61	0.86	0.83	0.63	0.79	0.89	0.59	0.91	0.41	0.57	0.38		0.68	0.4
Net Receivables	0.96	0.91	0.76	0.95	0.94	0.93	0.69	0.55	0.56	0.96	0.95	0.07	0.95	0.92	0.87	0.84	0.96	0.91	0.94	0.55	0.86	0.92	0.59	0.68		0.82
Property Plant Equipment	0.78	0.7	0.49	0.68	0.8	0.74	0.44	0.36	0.39	0.66	0.8	-0.05	0.7	0.71	0.57	0.87	0.71	0.71	0.74	0.37	0.89	0.67	0.68	0.4	0.82

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Inspiration Healthcare Account Relationship Matchups

Inspiration Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.2M	16.5M	43.2M	50.1M	54.9M	49.0M
Other Current Liab	1.2M	1.6M	3.4M	2.7M	1.5M	2.2M
Total Current Liabilities	2.5M	4.5M	7.7M	7.7M	9.2M	9.6M
Total Stockholder Equity	5.5M	10.5M	31.6M	35.5M	35.5M	29.0M
Property Plant And Equipment Net	408K	1.0M	4.0M	9.2M	13.5M	12.7M
Current Deferred Revenue	376K	533K	524K	531K	625K	(166K)
Net Debt	(2.5M)	(3.9M)	(7.5M)	(1.7M)	10.8M	12.4M
Retained Earnings	18.5M	3.1M	5.8M	9.6M	9.4M	3.0M
Accounts Payable	1.3M	2.3M	3.1M	3.5M	4.1M	4.4M
Non Current Assets Total	657K	4.7M	19.2M	25.1M	30.8M	26.0M
Common Stock Shares Outstanding	31.0M	34.0M	55.5M	68.8M	68.8M	68.2M
Liabilities And Stockholders Equity	8.2M	16.5M	43.2M	50.1M	54.9M	49.0M
Non Current Liabilities Total	105.0K	1.4M	3.9M	6.9M	10.2M	10.5M
Inventory	718K	3.1M	8.2M	6.4M	9.9M	13.7M
Other Current Assets	133.0K	196K	411.0K	879K	1.1M	607.0K
Total Liab	2.6M	5.9M	11.7M	14.6M	19.4M	20.0M
Property Plant And Equipment Gross	408K	1.0M	4.0M	9.2M	15.4M	15.0M
Total Current Assets	6.4M	11.8M	24.0M	25.0M	24.1M	23.0M
Short Term Debt	(367K)	(477K)	(1.4M)	2.9M	2.4M	5K
Intangible Assets	138K	3.7M	15.2M	15.8M	17.0M	5.3M
Accumulated Other Comprehensive Income	82K	119K	130K	278K	405K	280K
Net Receivables	3.0M	4.2M	5.2M	9.3M	10.7M	8.1M
Property Plant Equipment	408K	1.0M	4.0M	9.2M	13.5M	21.9K
Cash	2.5M	4.5M	10.7M	9.3M	2.3M	412K
Non Currrent Assets Other	(657K)	(2.0M)	(8.6M)	(21.7M)	(25.3M)	1.8M
Cash And Short Term Investments	2.5M	4.5M	10.7M	9.3M	2.3M	609K
Other Liab	969K	1.1M	1.9M	5K	5.8K	5.5K
Other Assets	1.0M	1.2M	1.1M	1.0	324K	21.9K
Net Tangible Assets	8.0M	17.8M	21.5M	18.5M	21.2M	22.3M
Deferred Long Term Liab	1.2M	1.1M	1.4M	3.3M	3.8M	4.0M

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Other Information on Investing in Inspiration Stock

Balance Sheet is a snapshot of the financial position of Inspiration Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Inspiration Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Inspiration Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Inspiration currently owns. An asset can also be divided into two categories, current and non-current.

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Inspiration Gross Profit vs Net Income Analysis

Gross Profit vs Net Income

Gross Profit vs Net Income Correlation Analysis

Correlation Coefficient

Gross Profit

Net Income

Inspiration Healthcare fundamental ratios Correlations

Inspiration Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Inspiration Healthcare fundamental ratios Accounts

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Other Information on Investing in Inspiration Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Common Stock Total Equity	- 0.54	Net Debt
Long Term Debt	- 0.27	Common Stock Total Equity
Common Stock Total Equity	- 0.2	Short Long Term Debt Total
Property Plant And Equipment Gross	- 0.18	Common Stock Total Equity
Other Current Assets	- 0.18	Common Stock Total Equity
Short Term Debt	- 0.17	Common Stock Total Equity