Natures Gross Profit vs Total Operating Expenses Analysis

NMHIW Stock   0.01  0  29.63%   
Natures Miracle financial indicator trend analysis is infinitely more than just investigating Natures Miracle Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natures Miracle Holding is a good investment. Please check the relationship between Natures Miracle Gross Profit and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natures Miracle Holding Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Natures Miracle's Gross Profit and Total Operating Expenses is -0.81. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Natures Miracle Holding, assuming nothing else is changed. The correlation between historical values of Natures Miracle's Gross Profit and Total Operating 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 Natures Miracle Holding are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Natures Miracle's Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Natures Miracle Holding minus its cost of goods sold. It is profit before Natures Miracle 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Natures Miracle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natures Miracle Holding 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 Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Tax Provision is likely to drop to about 156.5 K in 2024. Selling General Administrative is likely to drop to about 2.4 M in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses3.4M5.1M5.9M6.1M
Cost Of Revenue17.0M9.9M11.4M13.4M

Natures Miracle fundamental ratios Correlations

0.810.990.92-0.480.90.510.79-0.56-0.97-0.060.9-0.19-0.060.98-0.890.98-0.490.890.870.840.810.89-0.010.55-0.7
0.810.780.93-0.90.920.181.0-0.93-0.73-0.430.930.05-0.430.79-0.740.82-0.880.940.930.940.340.92-0.570.93-0.98
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-0.48-0.9-0.45-0.73-0.740.15-0.910.990.360.66-0.75-0.170.66-0.490.41-0.540.96-0.76-0.78-0.810.09-0.750.85-0.980.96
0.90.920.90.99-0.740.320.91-0.81-0.81-0.281.00.01-0.280.92-0.680.94-0.780.981.00.990.561.0-0.370.76-0.89
0.510.180.550.260.150.320.120.07-0.660.80.350.450.80.4-0.390.41-0.030.40.30.220.770.320.33-0.02-0.05
0.791.00.760.92-0.910.910.12-0.95-0.7-0.490.920.02-0.490.78-0.730.81-0.890.920.920.930.30.91-0.590.94-0.98
-0.56-0.93-0.54-0.790.99-0.810.07-0.950.450.62-0.81-0.150.62-0.580.48-0.620.96-0.82-0.83-0.86-0.02-0.810.79-0.980.98
-0.97-0.73-0.97-0.820.36-0.81-0.66-0.70.45-0.14-0.810.1-0.14-0.920.9-0.920.38-0.81-0.77-0.72-0.87-0.8-0.11-0.460.6
-0.06-0.430.0-0.340.66-0.280.8-0.490.62-0.14-0.250.431.0-0.150.11-0.150.49-0.21-0.3-0.380.45-0.280.6-0.560.54
0.90.930.890.98-0.751.00.350.92-0.81-0.81-0.250.06-0.250.9-0.680.93-0.80.991.00.990.561.0-0.390.77-0.9
-0.190.05-0.15-0.11-0.170.010.450.02-0.150.10.430.060.43-0.280.32-0.21-0.370.140.050.03-0.170.03-0.440.22-0.09
-0.06-0.430.0-0.340.66-0.280.8-0.490.62-0.141.0-0.250.43-0.150.11-0.150.49-0.21-0.3-0.380.45-0.280.6-0.560.54
0.980.790.980.93-0.490.920.40.78-0.58-0.92-0.150.9-0.28-0.15-0.831.0-0.480.870.890.860.790.910.00.52-0.71
-0.89-0.74-0.85-0.760.41-0.68-0.39-0.730.480.90.11-0.680.320.11-0.83-0.810.36-0.7-0.65-0.63-0.67-0.68-0.04-0.530.59
0.980.820.980.95-0.540.940.410.81-0.62-0.92-0.150.93-0.21-0.151.0-0.81-0.540.910.920.890.770.94-0.060.57-0.75
-0.49-0.88-0.47-0.750.96-0.78-0.03-0.890.960.380.49-0.8-0.370.49-0.480.36-0.54-0.82-0.82-0.850.02-0.790.86-0.960.93
0.890.940.880.97-0.760.980.40.92-0.82-0.81-0.210.990.14-0.210.87-0.70.91-0.820.990.980.540.99-0.430.8-0.9
0.870.930.870.98-0.781.00.30.92-0.83-0.77-0.31.00.05-0.30.89-0.650.92-0.820.990.990.511.0-0.430.79-0.91
0.840.940.830.98-0.810.990.220.93-0.86-0.72-0.380.990.03-0.380.86-0.630.89-0.850.980.990.440.99-0.490.82-0.93
0.810.340.850.560.090.560.770.3-0.02-0.870.450.56-0.170.450.79-0.670.770.020.540.510.440.550.52-0.01-0.2
0.890.920.890.98-0.751.00.320.91-0.81-0.8-0.281.00.03-0.280.91-0.680.94-0.790.991.00.990.55-0.390.77-0.9
-0.01-0.570.04-0.350.85-0.370.33-0.590.79-0.110.6-0.39-0.440.60.0-0.04-0.060.86-0.43-0.43-0.490.52-0.39-0.820.68
0.550.930.50.76-0.980.76-0.020.94-0.98-0.46-0.560.770.22-0.560.52-0.530.57-0.960.80.790.82-0.010.77-0.82-0.95
-0.7-0.98-0.68-0.880.96-0.89-0.05-0.980.980.60.54-0.9-0.090.54-0.710.59-0.750.93-0.9-0.91-0.93-0.2-0.90.68-0.95
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Natures Miracle Account Relationship Matchups

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