Legacy Net Income vs Gross Profit Analysis

LEGH Stock

USD 25.78 0.17 0.66%

Legacy Housing financial indicator trend analysis is infinitely more than just investigating Legacy Housing Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Legacy Housing Corp is a good investment. Please check the relationship between Legacy Housing Net Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Legacy Housing Corp Net Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Legacy Housing's Net Income and Gross Profit is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Legacy Housing Corp, assuming nothing else is changed. The correlation between historical values of Legacy Housing's Net 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 Net Income of Legacy Housing Corp 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 Net Income i.e., Legacy Housing's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Legacy Housing Corp financial statement analysis. It represents the amount of money remaining after all of Legacy Housing Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

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

As of now, Legacy Housing's Sales General And Administrative To Revenue is increasing as compared to previous years. The Legacy Housing's current Enterprise Value Over EBITDA is estimated to increase to 10.70, while Tax Provision is projected to decrease to under 9.4 M.

	2021	2023	2024 (projected)
Depreciation And Amortization	1.8M	1.7M	1.3M
Interest Income	2.1M	2.8M	3.0M

Depreciation And Amortization Interest Income

Legacy Housing fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.62	0.74	0.8	1.0	0.89	0.98	0.99	0.75	-0.7	0.92	0.12	-0.11	0.99	0.63	0.98	-0.67	-0.11	0.73	-0.83	0.84	-0.81	-0.65	0.39	0.89	0.84
Short Long Term Debt Total	-0.62		-0.71	-0.56	-0.68	-0.75	-0.69	-0.66	-0.57	0.93	-0.66	0.53	-0.59	-0.58	-0.21	-0.58	0.88	-0.59	-0.42	0.78	-0.37	0.9	0.88	-0.59	-0.77	-0.77
Other Current Liab	0.74	-0.71		0.65	0.76	0.66	0.69	0.74	0.62	-0.69	0.7	-0.24	0.15	0.71	0.07	0.63	-0.67	0.16	0.33	-0.69	0.61	-0.78	-0.68	0.52	0.77	0.69
Total Current Liabilities	0.8	-0.56	0.65		0.8	0.66	0.8	0.81	0.7	-0.68	0.73	0.23	0.06	0.81	0.44	0.84	-0.84	0.06	0.47	-0.86	0.9	-0.85	-0.84	0.33	0.94	0.87
Total Stockholder Equity	1.0	-0.68	0.76	0.8		0.91	0.98	0.99	0.76	-0.75	0.92	0.05	-0.04	0.99	0.61	0.97	-0.71	-0.03	0.71	-0.86	0.81	-0.85	-0.69	0.42	0.91	0.86
Other Liab	0.89	-0.75	0.66	0.66	0.91		0.91	0.87	0.63	-0.71	0.85	-0.19	0.13	0.87	0.69	0.86	-0.68	0.14	0.79	-0.78	0.69	-0.82	-0.64	0.54	0.82	0.79
Net Tangible Assets	0.98	-0.69	0.69	0.8	0.98	0.91		0.99	0.81	-0.78	0.88	0.04	-0.04	0.96	0.61	0.98	-0.74	-0.03	0.69	-0.84	0.78	-0.84	-0.71	0.45	0.9	0.85
Property Plant And Equipment Net	0.99	-0.66	0.74	0.81	0.99	0.87	0.99		0.82	-0.77	0.91	0.09	-0.09	0.98	0.56	0.98	-0.72	-0.09	0.68	-0.85	0.82	-0.84	-0.7	0.42	0.91	0.85
Current Deferred Revenue	0.75	-0.57	0.62	0.7	0.76	0.63	0.81	0.82		-0.78	0.67	0.05	-0.13	0.71	0.14	0.77	-0.67	-0.13	0.37	-0.69	0.71	-0.68	-0.64	0.71	0.71	0.7
Net Debt	-0.7	0.93	-0.69	-0.68	-0.75	-0.71	-0.78	-0.77	-0.78		-0.71	0.27	-0.43	-0.67	-0.19	-0.71	0.92	-0.43	-0.39	0.87	-0.51	0.9	0.9	-0.63	-0.82	-0.86
Retained Earnings	0.92	-0.66	0.7	0.73	0.92	0.85	0.88	0.91	0.67	-0.71		-0.02	-0.08	0.91	0.56	0.87	-0.66	-0.07	0.85	-0.81	0.81	-0.84	-0.66	0.43	0.84	0.77
Accounts Payable	0.12	0.53	-0.24	0.23	0.05	-0.19	0.04	0.09	0.05	0.27	-0.02		-0.42	0.18	0.27	0.22	0.22	-0.42	-0.07	-0.1	0.32	0.24	0.21	-0.34	-0.02	0.12
Cash	-0.11	-0.59	0.15	0.06	-0.04	0.13	-0.04	-0.09	-0.13	-0.43	-0.08	-0.42		-0.11	-0.08	-0.1	-0.46	1.0	-0.2	-0.35	-0.24	-0.32	-0.48	0.2	0.17	0.36
Non Current Assets Total	0.99	-0.58	0.71	0.81	0.99	0.87	0.96	0.98	0.71	-0.67	0.91	0.18	-0.11		0.67	0.98	-0.65	-0.11	0.72	-0.84	0.84	-0.8	-0.63	0.32	0.89	0.84
Non Currrent Assets Other	0.63	-0.21	0.07	0.44	0.61	0.69	0.61	0.56	0.14	-0.19	0.56	0.27	-0.08	0.67		0.68	-0.26	-0.08	0.76	-0.49	0.51	-0.39	-0.22	-0.09	0.5	0.49
Other Assets	0.98	-0.58	0.63	0.84	0.97	0.86	0.98	0.98	0.77	-0.71	0.87	0.22	-0.1	0.98	0.68		-0.7	-0.1	0.69	-0.85	0.84	-0.8	-0.67	0.34	0.9	0.86
Long Term Debt	-0.67	0.88	-0.67	-0.84	-0.71	-0.68	-0.74	-0.72	-0.67	0.92	-0.66	0.22	-0.46	-0.65	-0.26	-0.7		-0.47	-0.38	0.88	-0.61	0.95	1.0	-0.48	-0.91	-0.87
Cash And Short Term Investments	-0.11	-0.59	0.16	0.06	-0.03	0.14	-0.03	-0.09	-0.13	-0.43	-0.07	-0.42	1.0	-0.11	-0.08	-0.1	-0.47		-0.19	-0.36	-0.24	-0.33	-0.48	0.2	0.17	0.36
Net Receivables	0.73	-0.42	0.33	0.47	0.71	0.79	0.69	0.68	0.37	-0.39	0.85	-0.07	-0.2	0.72	0.76	0.69	-0.38	-0.19		-0.53	0.66	-0.6	-0.36	0.28	0.58	0.49
Common Stock Total Equity	-0.83	0.78	-0.69	-0.86	-0.86	-0.78	-0.84	-0.85	-0.69	0.87	-0.81	-0.1	-0.35	-0.84	-0.49	-0.85	0.88	-0.36	-0.53		-0.75	0.9	0.88	-0.46	-0.91	-0.99
Common Stock Shares Outstanding	0.84	-0.37	0.61	0.9	0.81	0.69	0.78	0.82	0.71	-0.51	0.81	0.32	-0.24	0.84	0.51	0.84	-0.61	-0.24	0.66	-0.75		-0.71	-0.6	0.42	0.81	0.74
Long Term Debt Total	-0.81	0.9	-0.78	-0.85	-0.85	-0.82	-0.84	-0.84	-0.68	0.9	-0.84	0.24	-0.32	-0.8	-0.39	-0.8	0.95	-0.33	-0.6	0.9	-0.71		0.95	-0.5	-0.96	-0.89
Non Current Liabilities Total	-0.65	0.88	-0.68	-0.84	-0.69	-0.64	-0.71	-0.7	-0.64	0.9	-0.66	0.21	-0.48	-0.63	-0.22	-0.67	1.0	-0.48	-0.36	0.88	-0.6	0.95		-0.46	-0.9	-0.87
Inventory	0.39	-0.59	0.52	0.33	0.42	0.54	0.45	0.42	0.71	-0.63	0.43	-0.34	0.2	0.32	-0.09	0.34	-0.48	0.2	0.28	-0.46	0.42	-0.5	-0.46		0.37	0.46
Other Current Assets	0.89	-0.77	0.77	0.94	0.91	0.82	0.9	0.91	0.71	-0.82	0.84	-0.02	0.17	0.89	0.5	0.9	-0.91	0.17	0.58	-0.91	0.81	-0.96	-0.9	0.37		0.91
Other Stockholder Equity	0.84	-0.77	0.69	0.87	0.86	0.79	0.85	0.85	0.7	-0.86	0.77	0.12	0.36	0.84	0.49	0.86	-0.87	0.36	0.49	-0.99	0.74	-0.89	-0.87	0.46	0.91

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Legacy Housing Account Relationship Matchups

Legacy Housing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	235.0M	283.6M	338.6M	366.7M	506.7M	341.8M
Short Long Term Debt Total	17.6M	30.9M	51.0M	23.2M	25.6M	28.9M
Other Current Liab	16.3M	7.7M	30.2M	9.4M	24.4M	16.4M
Total Current Liabilities	20.4M	51.9M	36.4M	41.9M	37.3M	36.9M
Total Stockholder Equity	189.3M	222.4M	259.2M	309.4M	436.7M	270.4M
Other Liab	7.3M	6.8M	7.3M	8.6M	9.9M	8.0M
Net Tangible Assets	222.4M	259.2M	309.4M	382.1M	439.4M	251.8M
Property Plant And Equipment Net	17.1M	23.1M	29.8M	36.9M	47.3M	29.5M
Current Deferred Revenue	2.2M	1.6M	3.6M	7.7M	4.1M	3.7M
Net Debt	15.0M	29.1M	35.4M	7.0M	24.8M	22.1M
Retained Earnings	21.5M	50.4M	88.4M	138.2M	259.8M	272.7M
Accounts Payable	2.8M	5.2M	10.2M	4.2M	4.1M	4.1M
Cash	2.6M	1.7M	768K	1.0M	748K	936K
Non Current Assets Total	171.9M	230.7M	283.7M	274.1M	398.9M	263.5M
Non Currrent Assets Other	205.8M	251.8M	3.0M	234.2M	351.6M	200.6M
Other Assets	209.6M	261.0M	237.2M	288.1M	331.4M	221.7M
Long Term Debt	2.0M	36.2M	8.0M	2.5M	23.7M	18.7M
Cash And Short Term Investments	2.6M	1.7M	768K	1.0M	748K	950.6K
Net Receivables	19.2M	23.7M	5.1M	45.8M	69.0M	72.5M
Common Stock Total Equity	124.3M	24K	25K	30K	27K	25.7K
Common Stock Shares Outstanding	24.4M	24.2M	24.2M	24.3M	25.1M	25.6M
Long Term Debt Total	17.4M	2.0M	36.2M	2.5M	2.3M	2.2M
Liabilities And Stockholders Equity	235.0M	283.6M	338.6M	366.7M	506.7M	333.0M
Non Current Liabilities Total	25.4M	9.3M	43.0M	15.3M	32.7M	25.1M
Inventory	27.2M	27.2M	42M	41.2M	33.2M	38.7M
Other Current Assets	2.9M	4.9M	3.2M	4.5M	4.9M	3.9M
Other Stockholder Equity	173.0M	172.0M	170.8M	171.1M	176.9M	137.0M
Total Liab	45.8M	61.2M	79.4M	57.3M	70.0M	51.9M
Property Plant And Equipment Gross	23.1M	29.8M	45.1M	51.0M	57.8M	34.0M
Total Current Assets	63.1M	53.0M	55.0M	92.5M	107.9M	78.3M
Non Current Liabilities Other	5.5M	4.2M	4.3M	7.6M	5.3M	4.6M
Short Term Debt	228K	28.9M	14.9M	20.7M	978K	929.1K
Property Plant Equipment	21.0M	22.6M	36.9M	37.1M	42.7M	24.8M
Net Invested Capital	253.3M	295.4M	317.4M	384.6M	460.4M	330.2M
Net Working Capital	1.0M	18.6M	50.6M	65.6M	70.6M	44.8M

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When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:

How To Invest In Legacy

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Is Legacy Stock a good investment?

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What is Legacy Housing's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Is Household Durables 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 Legacy Housing. If investors know Legacy 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 Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

2.18

Revenue Per Share

6.744

Quarterly Revenue Growth

(0.11)

Return On Assets

0.0711

Return On Equity

0.1193

The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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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Legacy Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

Legacy Housing fundamental ratios Correlations

Legacy Housing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Legacy Housing fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Other Stockholder Equity	- 0.99	Common Stock Total Equity
Other Current Assets	- 0.96	Long Term Debt Total
Other Current Assets	- 0.91	Common Stock Total Equity
Other Current Assets	- 0.91	Long Term Debt
Other Current Assets	- 0.9	Non Current Liabilities Total
Other Stockholder Equity	- 0.89	Long Term Debt Total