Northern Gross Profit vs Cost Of Revenue Analysis

NTIC Stock

USD 13.57 0.42 3.00%

Northern Technologies financial indicator trend analysis is infinitely more than just investigating Northern Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Technologies is a good investment. Please check the relationship between Northern Technologies Gross Profit and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. 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.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Technologies Gross Profit account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Northern Technologies' Gross Profit and Cost Of Revenue is 0.96. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Northern Technologies, assuming nothing else is changed. The correlation between historical values of Northern Technologies' Gross Profit and Cost Of Revenue 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 Northern Technologies are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., Northern Technologies' Gross Profit and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

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

Cost Of Revenue

Cost of Revenue is found on Northern Technologies income statement and represents the costs associated with goods and services Northern Technologies 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.

Most indicators from Northern Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Technologies 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 Northern Technologies. 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.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.23, whereas Enterprise Value Over EBITDA is forecasted to decline to 0.25.

	2021	2022	2023	2024 (projected)
Gross Profit	23.1M	27.8M	33.8M	35.5M
Total Revenue	74.2M	79.9M	85.1M	89.3M

Gross Profit Total Revenue

Northern Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Other Assets	Property Plant Equipment
Total Assets		-1.0	0.66	0.5	1.0	0.64	0.46	0.52	-0.09	1.0	0.44	-0.24	0.66	0.15	0.23	0.5	-0.05	0.63	1.0	0.51	0.9	0.23	0.19	0.34	0.72	0.63
Other Current Liab	-1.0		-0.65	-0.49	-1.0	-0.64	-0.45	-0.51	0.09	-1.0	-0.44	0.24	-0.65	-0.15	-0.23	-0.5	0.05	-0.62	-1.0	-0.5	-0.9	-0.25	-0.2	-0.33	-0.72	-0.63
Total Current Liabilities	0.66	-0.65		0.83	0.66	0.67	0.82	0.96	0.32	0.66	0.06	-0.05	0.97	0.68	0.49	0.91	0.41	0.92	0.66	0.89	0.89	0.63	0.63	0.5	0.94	0.92
Total Stockholder Equity	0.5	-0.49	0.83		0.5	0.24	1.0	0.87	0.6	0.5	0.12	0.4	0.9	0.85	0.39	0.93	0.4	0.96	0.5	0.96	0.78	0.58	0.59	0.85	0.64	0.92
Property Plant And Equipment Net	1.0	-1.0	0.66	0.5		0.64	0.46	0.52	-0.09	1.0	0.44	-0.24	0.66	0.15	0.23	0.5	-0.05	0.63	1.0	0.51	0.9	0.23	0.19	0.34	0.72	0.63
Net Debt	0.64	-0.64	0.67	0.24	0.64		0.22	0.51	-0.43	0.64	0.09	-0.63	0.53	0.06	0.24	0.39	0.26	0.43	0.64	0.31	0.64	0.17	0.15	0.02	0.86	0.46
Retained Earnings	0.46	-0.45	0.82	1.0	0.46	0.22		0.88	0.61	0.46	0.07	0.42	0.9	0.86	0.41	0.94	0.4	0.95	0.46	0.97	0.75	0.59	0.6	0.84	0.62	0.9
Accounts Payable	0.52	-0.51	0.96	0.87	0.52	0.51	0.88		0.44	0.52	-0.12	0.1	0.95	0.78	0.53	0.97	0.43	0.92	0.52	0.94	0.8	0.68	0.69	0.56	0.85	0.91
Cash	-0.09	0.09	0.32	0.6	-0.09	-0.43	0.61	0.44		-0.09	-0.09	0.68	0.42	0.66	0.25	0.53	0.11	0.51	-0.09	0.59	0.19	0.63	0.65	0.5	0.06	0.45
Non Current Assets Total	1.0	-1.0	0.66	0.5	1.0	0.64	0.46	0.52	-0.09		0.44	-0.24	0.66	0.15	0.23	0.5	-0.05	0.63	1.0	0.51	0.9	0.23	0.19	0.34	0.72	0.63
Non Currrent Assets Other	0.44	-0.44	0.06	0.12	0.44	0.09	0.07	-0.12	-0.09	0.44		-0.03	0.18	-0.06	0.0	-0.08	-0.18	0.18	0.44	0.06	0.33	-0.05	-0.07	0.11	0.08	0.12
Cash And Short Term Investments	-0.24	0.24	-0.05	0.4	-0.24	-0.63	0.42	0.1	0.68	-0.24	-0.03		0.09	0.34	0.04	0.26	0.14	0.23	-0.24	0.38	-0.09	0.27	0.29	0.44	-0.29	0.1
Net Receivables	0.66	-0.65	0.97	0.9	0.66	0.53	0.9	0.95	0.42	0.66	0.18	0.09		0.76	0.48	0.93	0.39	0.96	0.66	0.95	0.9	0.64	0.65	0.59	0.86	0.95
Common Stock Shares Outstanding	0.15	-0.15	0.68	0.85	0.15	0.06	0.86	0.78	0.66	0.15	-0.06	0.34	0.76		0.32	0.81	0.54	0.79	0.15	0.83	0.53	0.63	0.65	0.64	0.45	0.82
Non Current Liabilities Total	0.23	-0.23	0.49	0.39	0.23	0.24	0.41	0.53	0.25	0.23	0.0	0.04	0.48	0.32		0.45	0.15	0.4	0.23	0.46	0.32	0.54	0.56	0.21	0.42	0.32
Inventory	0.5	-0.5	0.91	0.93	0.5	0.39	0.94	0.97	0.53	0.5	-0.08	0.26	0.93	0.81	0.45		0.36	0.96	0.5	0.97	0.79	0.7	0.72	0.65	0.77	0.93
Other Current Assets	-0.05	0.05	0.41	0.4	-0.05	0.26	0.4	0.43	0.11	-0.05	-0.18	0.14	0.39	0.54	0.15	0.36		0.33	-0.05	0.41	0.17	0.31	0.31	0.32	0.31	0.35
Other Stockholder Equity	0.63	-0.62	0.92	0.96	0.63	0.43	0.95	0.92	0.51	0.63	0.18	0.23	0.96	0.79	0.4	0.96	0.33		0.63	0.96	0.89	0.65	0.66	0.71	0.79	0.97
Total Liab	1.0	-1.0	0.66	0.5	1.0	0.64	0.46	0.52	-0.09	1.0	0.44	-0.24	0.66	0.15	0.23	0.5	-0.05	0.63		0.51	0.9	0.23	0.19	0.34	0.72	0.63
Total Current Assets	0.51	-0.5	0.89	0.96	0.51	0.31	0.97	0.94	0.59	0.51	0.06	0.38	0.95	0.83	0.46	0.97	0.41	0.96	0.51		0.79	0.69	0.7	0.69	0.71	0.92
Property Plant And Equipment Gross	0.9	-0.9	0.89	0.78	0.9	0.64	0.75	0.8	0.19	0.9	0.33	-0.09	0.9	0.53	0.32	0.79	0.17	0.89	0.9	0.79		0.48	0.46	0.53	0.87	0.9
Common Stock Total Equity	0.23	-0.25	0.63	0.58	0.23	0.17	0.59	0.68	0.63	0.23	-0.05	0.27	0.64	0.63	0.54	0.7	0.31	0.65	0.23	0.69	0.48		0.99	0.21	0.5	0.61
Common Stock	0.19	-0.2	0.63	0.59	0.19	0.15	0.6	0.69	0.65	0.19	-0.07	0.29	0.65	0.65	0.56	0.72	0.31	0.66	0.19	0.7	0.46	0.99		0.2	0.5	0.61
Other Liab	0.34	-0.33	0.5	0.85	0.34	0.02	0.84	0.56	0.5	0.34	0.11	0.44	0.59	0.64	0.21	0.65	0.32	0.71	0.34	0.69	0.53	0.21	0.2		0.32	0.65
Other Assets	0.72	-0.72	0.94	0.64	0.72	0.86	0.62	0.85	0.06	0.72	0.08	-0.29	0.86	0.45	0.42	0.77	0.31	0.79	0.72	0.71	0.87	0.5	0.5	0.32		0.81
Property Plant Equipment	0.63	-0.63	0.92	0.92	0.63	0.46	0.9	0.91	0.45	0.63	0.12	0.1	0.95	0.82	0.32	0.93	0.35	0.97	0.63	0.92	0.9	0.61	0.61	0.65	0.81

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Northern Technologies Account Relationship Matchups

Northern Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	66.1M	74.4M	86.2M	89.3M	94.7B	99.4B
Other Current Liab	2.2M	3.8M	3.0M	4.0M	(388.2M)	(368.8M)
Total Current Liabilities	6.1M	8.5M	17.1M	16.7M	17.9M	18.8M
Total Stockholder Equity	56.7M	62.4M	63.6M	66.4M	71.2M	74.8M
Property Plant And Equipment Net	7.8M	12.2M	12.7M	14.5M	16.7B	17.5B
Net Debt	(5.7M)	(7.3M)	1.1M	1.4M	2.6M	2.7M
Retained Earnings	42.5M	47.0M	50.7M	51.0M	53.8M	56.5M
Accounts Payable	3.2M	4.3M	7.8M	6.1M	6.4M	6.7M
Cash	6.4M	7.7M	5.3M	5.4M	5.0M	3.2M
Non Current Assets Total	32.9M	40.6M	46.0M	49.7M	53.1B	55.8B
Cash And Short Term Investments	11.9M	7.7M	5.3M	5.4M	5.0M	4.3M
Net Receivables	9.5M	13.6M	16.6M	19.1M	20.8M	21.9M
Common Stock Shares Outstanding	9.1M	9.9M	9.6M	9.7M	9.5M	9.3M
Liabilities And Stockholders Equity	66.1M	74.4M	86.2M	89.3M	94.7B	99.4B
Non Current Liabilities Total	272.4K	104.1K	1.9M	1.9M	1.6M	1.7M
Inventory	11.0M	11.1M	16.3M	13.1M	14.4M	15.1M
Other Current Assets	797.5K	1.3M	2.0M	2.0M	1.4M	748.7K
Other Stockholder Equity	17.4M	18.7M	19.9M	22.0M	23.6M	24.8M
Total Liab	6.4M	8.6M	18.9M	18.6M	19.5B	20.5B
Total Current Assets	33.2M	33.7M	40.2M	39.7M	41.6M	43.7M
Property Plant And Equipment Gross	7.8M	12.2M	12.7M	14.5M	26.8M	28.1M
Accumulated Other Comprehensive Income	(3.4M)	(3.5M)	(7.2M)	(6.8M)	(6.4M)	(6.1M)
Common Stock Total Equity	181.7K	182K	183.7K	184.7K	212.3K	108.5K
Common Stock	182K	183.7K	184.7K	188.5K	189.3K	116.2K
Other Assets	1.6M	209.7K	92.6K	41.5B	47.8B	50.2B
Property Plant Equipment	7.4M	7.1M	12.2M	12.2M	14.0M	14.7M
Short Term Investments	5.5M	4.6K	5.6K	23.7B	27.2B	28.6B
Good Will	1.0M	802.0K	0.0	4.8M	4.8B	5.0B
Intangible Assets	802.0K	709.6K	6.6M	6.2M	5.7B	6.0B
Net Tangible Assets	56.6M	56.7M	61.7M	52.2M	60.0M	53.6M
Noncontrolling Interest In Consolidated Entity	3.1M	3.0M	3.4M	3.6M	4.2M	3.2M
Retained Earnings Total Equity	45.0M	42.5M	47.0M	50.7M	58.3M	41.9M
Capital Surpluse	16.0M	17.4M	18.7M	19.9M	22.9M	16.4M

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When determining whether Northern Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northern Technologies' 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 Northern Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northern Technologies Stock:

How To Invest In Northern

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Is Northern Stock a good investment?

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What is Northern Technologies' Net Worth?

Details

Largest Specialty Chemicals Companies

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Largest Basic Materials Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. 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.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Specialty Chemicals 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 Northern Technologies. If investors know Northern 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 Northern Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Earnings Share

0.55

Revenue Per Share

8.752

Quarterly Revenue Growth

(0.01)

Return On Assets

0.0079

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

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Gross Profit

Cost Of Revenue

Northern Technologies fundamental ratios Correlations

Northern Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Technologies fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Total Liab	- 1.0	Other Current Liab
Non Current Assets Total	- 1.0	Other Current Liab
Property Plant And Equipment Net	- 1.0	Other Current Liab
Other Current Liab	- 1.0	Total Assets
Property Plant And Equipment Gross	- 0.9	Other Current Liab
Other Assets	- 0.72	Other Current Liab