ONEW Stock | | | USD 22.60 1.04 4.82% |
Onewater Marine financial indicator trend analysis is much more than just breaking down Onewater Marine prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onewater Marine is a good investment. Please check the relationship between Onewater Marine Pretax Profit Margin and its Gross Profit Margin accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onewater Marine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Onewater Stock please use our
How to Invest in Onewater Marine guide.
Pretax Profit Margin vs Gross Profit Margin
Pretax Profit Margin vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Onewater Marine Pretax Profit Margin account and
Gross Profit Margin. At this time, the significance of the direction appears to have strong relationship.
The correlation between Onewater Marine's Pretax Profit Margin and Gross Profit Margin is 0.71. Overlapping area represents the amount of variation of Pretax Profit Margin that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Onewater Marine, assuming nothing else is changed. The correlation between historical values of Onewater Marine's Pretax Profit Margin and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pretax Profit Margin of Onewater Marine are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Pretax Profit Margin i.e., Onewater Marine's Pretax Profit Margin and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Pretax Profit Margin
Gross Profit Margin
Most indicators from Onewater Marine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onewater Marine 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onewater Marine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Onewater Stock please use our
How to Invest in Onewater Marine guide.
Selling General Administrative is likely to drop to about 191.8
M in 2024.
Tax Provision is likely to climb to about (2.9
M) in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 553.7M | 535.1M | 615.4M | 326.4M | Total Revenue | 1.7B | 1.9B | 2.2B | 1.2B |
Onewater Marine fundamental ratios Correlations
Click cells to compare fundamentals
Onewater Marine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Onewater Marine fundamental ratios Accounts
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measure Onewater Marine'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 Onewater Marine is operating at the current time. Most of Onewater Marine's value examination focuses on studying past and present price action to
predict the probability of Onewater Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onewater Marine's price. Additionally, you may evaluate how the addition of Onewater Marine to your portfolios can decrease your overall portfolio volatility.