Locafy Cost Of Revenue vs Net Income Analysis
| LCFY Stock | USD 7.00 0.14 2.04% |
Locafy financial indicator trend analysis is infinitely more than just investigating Locafy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Locafy is a good investment. Please check the relationship between Locafy Cost Of Revenue and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Locafy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Locafy Stock please use our How to Invest in Locafy guide.
Cost Of Revenue vs Net Income
Cost Of Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Locafy Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Locafy's Cost Of Revenue and Net Income is -0.67. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Locafy, assuming nothing else is changed. The correlation between historical values of Locafy's Cost Of Revenue 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 Cost Of Revenue of Locafy 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 Cost Of Revenue i.e., Locafy's Cost Of Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | -0.67 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Locafy income statement and represents the costs associated with goods and services Locafy 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Locafy financial statement analysis. It represents the amount of money remaining after all of Locafy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Locafy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Locafy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Locafy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Locafy Stock please use our How to Invest in Locafy guide.At this time, Locafy's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 1.45 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 731.4 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 734.8K | 105.4K | 78.5K | 74.5K | Depreciation And Amortization | 852.4K | 1.4M | 1.5M | 977.2K |
Locafy fundamental ratios Correlations
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Locafy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Locafy's price analysis, check to measure Locafy'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 Locafy is operating at the current time. Most of Locafy's value examination focuses on studying past and present price action to predict the probability of Locafy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Locafy's price. Additionally, you may evaluate how the addition of Locafy to your portfolios can decrease your overall portfolio volatility.