| MARPS Stock | | | USD 4.06 0.06 1.50% |
Marine Petroleum financial indicator trend analysis is infinitely more than just investigating Marine Petroleum Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marine Petroleum Trust is a good investment. Please check the relationship between Marine Petroleum Gross Profit and its Net Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Petroleum Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
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
Marine Petroleum Trust Gross Profit account and
Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Marine Petroleum's Gross Profit and Net Income is -0.15. 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 Marine Petroleum Trust, assuming nothing else is changed. The correlation between historical values of Marine Petroleum'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 Marine Petroleum Trust 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., Marine Petroleum's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | -0.15 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Marine Petroleum Trust minus its cost of goods sold. It is profit before Marine Petroleum 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 Marine Petroleum Trust financial statement analysis. It represents the amount of money remaining after all of Marine Petroleum Trust operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Marine Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marine Petroleum Trust 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 Marine Petroleum Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
Selling General Administrative is likely to drop to about 258.2
K in 2024.
Sales General And Administrative To Revenue is likely to drop to 0.01 in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 386.7K | 1.4M | 31.7M | 33.3M | Total Revenue | 386.7K | 1.4M | 31.7M | 33.3M |
Marine Petroleum fundamental ratios Correlations
Click cells to compare fundamentals
Marine Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Marine Petroleum fundamental ratios Accounts
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Additional Tools for Marine Stock Analysis
When running Marine Petroleum's price analysis, check to
measure Marine Petroleum'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 Marine Petroleum is operating at the current time. Most of Marine Petroleum's value examination focuses on studying past and present price action to
predict the probability of Marine Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marine Petroleum's price. Additionally, you may evaluate how the addition of Marine Petroleum to your portfolios can decrease your overall portfolio volatility.