Qorvo Total Revenue vs Gross Profit Analysis

QRVO Stock

USD 67.87 2.21 3.37%

Qorvo financial indicator trend analysis is much more than just breaking down Qorvo Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qorvo Inc is a good investment. Please check the relationship between Qorvo Total Revenue and its Gross Profit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Total Revenue vs Gross Profit

Total Revenue vs Gross Profit Correlation Analysis

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

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

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Qorvo Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

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

As of the 22nd of November 2024, Tax Provision is likely to grow to about 151.1 M, while Selling General Administrative is likely to drop about 286.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.3B	1.3B	1.5B	804.4M
Total Revenue	4.6B	3.6B	3.8B	1.9B

Gross Profit Total Revenue

Qorvo fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding
Total Assets		0.49	0.46	0.95	0.45	0.91	0.7	0.52	0.71	-0.16	0.76	0.53	0.71	0.63	0.9	0.94	0.73	0.92	0.84	0.9	0.6	0.96	0.8	0.8	0.88	0.78
Other Current Liab	0.49		0.88	0.36	0.37	0.47	0.68	0.84	0.7	-0.39	0.87	0.8	0.82	0.11	0.31	0.51	0.81	0.7	0.72	0.55	0.65	0.57	0.61	0.59	0.64	0.44
Total Current Liabilities	0.46	0.88		0.3	0.44	0.51	0.8	0.8	0.73	-0.47	0.82	0.83	0.87	0.03	0.24	0.48	0.68	0.7	0.73	0.52	0.6	0.54	0.64	0.7	0.67	0.42
Total Stockholder Equity	0.95	0.36	0.3		0.26	0.8	0.54	0.32	0.5	0.05	0.6	0.5	0.52	0.79	0.98	0.87	0.64	0.84	0.67	0.86	0.37	0.95	0.68	0.66	0.79	0.79
Retained Earnings	0.45	0.37	0.44	0.26		0.55	0.64	0.7	0.73	-0.56	0.58	0.32	0.67	-0.12	0.09	0.39	0.35	0.55	0.72	0.41	0.63	0.41	0.51	0.66	0.64	0.22
Accounts Payable	0.91	0.47	0.51	0.8	0.55		0.8	0.62	0.78	-0.35	0.76	0.44	0.76	0.36	0.72	0.89	0.65	0.85	0.85	0.83	0.64	0.82	0.8	0.87	0.91	0.69
Cash	0.7	0.68	0.8	0.54	0.64	0.8		0.72	0.87	-0.57	0.84	0.6	0.9	0.06	0.45	0.74	0.66	0.84	0.85	0.78	0.61	0.7	0.78	0.97	0.82	0.63
Other Assets	0.52	0.84	0.8	0.32	0.7	0.62	0.72		0.84	-0.47	0.88	0.66	0.88	-0.01	0.21	0.47	0.71	0.7	0.84	0.5	0.79	0.53	0.71	0.66	0.76	0.33
Long Term Debt	0.71	0.7	0.73	0.5	0.73	0.78	0.87	0.84		-0.63	0.92	0.47	0.97	0.04	0.38	0.73	0.76	0.86	0.93	0.76	0.9	0.7	0.82	0.83	0.79	0.63
Short Term Investments	-0.16	-0.39	-0.47	0.05	-0.56	-0.35	-0.57	-0.47	-0.63		-0.49	-0.13	-0.57	0.53	0.14	-0.37	-0.28	-0.35	-0.45	-0.39	-0.56	-0.14	-0.44	-0.44	-0.33	-0.22
Inventory	0.76	0.87	0.82	0.6	0.58	0.76	0.84	0.88	0.92	-0.49		0.7	0.96	0.19	0.51	0.75	0.83	0.91	0.94	0.78	0.84	0.78	0.84	0.79	0.82	0.63
Other Current Assets	0.53	0.8	0.83	0.5	0.32	0.44	0.6	0.66	0.47	-0.13	0.7		0.67	0.39	0.46	0.46	0.58	0.69	0.65	0.49	0.35	0.63	0.49	0.56	0.64	0.32
Total Liab	0.71	0.82	0.87	0.52	0.67	0.76	0.9	0.88	0.97	-0.57	0.96	0.67		0.12	0.42	0.72	0.81	0.89	0.94	0.75	0.85	0.74	0.83	0.85	0.83	0.62
Intangible Assets	0.63	0.11	0.03	0.79	-0.12	0.36	0.06	-0.01	0.04	0.53	0.19	0.39	0.12		0.84	0.45	0.44	0.48	0.25	0.46	0.01	0.69	0.29	0.19	0.42	0.52
Common Stock	0.9	0.31	0.24	0.98	0.09	0.72	0.45	0.21	0.38	0.14	0.51	0.46	0.42	0.84		0.83	0.6	0.77	0.56	0.81	0.27	0.9	0.62	0.57	0.7	0.77
Property Plant Equipment	0.94	0.51	0.48	0.87	0.39	0.89	0.74	0.47	0.73	-0.37	0.75	0.46	0.72	0.45	0.83		0.72	0.89	0.79	0.95	0.61	0.89	0.79	0.8	0.84	0.83
Other Liab	0.73	0.81	0.68	0.64	0.35	0.65	0.66	0.71	0.76	-0.28	0.83	0.58	0.81	0.44	0.6	0.72		0.81	0.75	0.76	0.72	0.79	0.77	0.65	0.77	0.77
Good Will	0.92	0.7	0.7	0.84	0.55	0.85	0.84	0.7	0.86	-0.35	0.91	0.69	0.89	0.48	0.77	0.89	0.81		0.92	0.93	0.71	0.96	0.86	0.86	0.91	0.8
Short Long Term Debt Total	0.84	0.72	0.73	0.67	0.72	0.85	0.85	0.84	0.93	-0.45	0.94	0.65	0.94	0.25	0.56	0.79	0.75	0.92		0.77	0.85	0.81	0.83	0.87	0.86	0.58
Property Plant And Equipment Net	0.9	0.55	0.52	0.86	0.41	0.83	0.78	0.5	0.76	-0.39	0.78	0.49	0.75	0.46	0.81	0.95	0.76	0.93	0.77		0.57	0.93	0.81	0.79	0.85	0.91
Net Debt	0.6	0.65	0.6	0.37	0.63	0.64	0.61	0.79	0.9	-0.56	0.84	0.35	0.85	0.01	0.27	0.61	0.72	0.71	0.85	0.57		0.56	0.72	0.58	0.63	0.46
Non Current Assets Total	0.96	0.57	0.54	0.95	0.41	0.82	0.7	0.53	0.7	-0.14	0.78	0.63	0.74	0.69	0.9	0.89	0.79	0.96	0.81	0.93	0.56		0.8	0.75	0.87	0.85
Non Currrent Assets Other	0.8	0.61	0.64	0.68	0.51	0.8	0.78	0.71	0.82	-0.44	0.84	0.49	0.83	0.29	0.62	0.79	0.77	0.86	0.83	0.81	0.72	0.8		0.78	0.84	0.73
Cash And Short Term Investments	0.8	0.59	0.7	0.66	0.66	0.87	0.97	0.66	0.83	-0.44	0.79	0.56	0.85	0.19	0.57	0.8	0.65	0.86	0.87	0.79	0.58	0.75	0.78		0.86	0.64
Net Receivables	0.88	0.64	0.67	0.79	0.64	0.91	0.82	0.76	0.79	-0.33	0.82	0.64	0.83	0.42	0.7	0.84	0.77	0.91	0.86	0.85	0.63	0.87	0.84	0.86		0.73
Common Stock Shares Outstanding	0.78	0.44	0.42	0.79	0.22	0.69	0.63	0.33	0.63	-0.22	0.63	0.32	0.62	0.52	0.77	0.83	0.77	0.8	0.58	0.91	0.46	0.85	0.73	0.64	0.73

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Qorvo Account Relationship Matchups

Qorvo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	7.2B	7.5B	6.7B	6.6B	3.6B
Other Current Liab	74.2M	112.7M	347.2M	345.1M	478.5M	502.4M
Total Current Liabilities	539.0M	681.6M	675.1M	555.8M	1.2B	1.3B
Total Stockholder Equity	4.3B	4.6B	4.6B	3.9B	3.6B	2.4B
Retained Earnings	0.0	355.0M	512.1M	84.5M	(89.6M)	(94.1M)
Accounts Payable	247.0M	313.9M	327.9M	210.7M	253.0M	143.1M
Cash	714.9M	1.4B	972.6M	808.8M	1.0B	1.1B
Other Assets	100.2M	119.5M	324.1M	193.4M	222.4M	233.5M
Long Term Debt	1.6B	1.7B	2.0B	2.0B	1.5B	1.6B
Short Term Investments	459K	3.8M	2.9M	1.1M	84K	79.8K
Inventory	517.2M	507.8M	755.7M	796.6M	710.6M	746.1M
Other Current Assets	91.2M	120.7M	152.7M	119.9M	278.8M	292.8M
Total Liab	2.3B	2.6B	3.0B	2.8B	3.0B	3.1B
Intangible Assets	808.9M	611.2M	674.8M	537.7M	509.4M	555.5M
Common Stock	4.3B	4.2B	4.0B	3.8B	3.7B	2.5B
Property Plant Equipment	1.3B	1.3B	1.3B	1.1B	1.3B	688.2M
Other Liab	103.7M	114.7M	233.6M	185.3M	213.1M	223.7M
Good Will	2.6B	2.6B	2.8B	2.8B	2.5B	2.7B
Short Long Term Debt Total	1.6B	1.7B	2.1B	2.1B	2.0B	1.4B
Property Plant And Equipment Net	1.3B	1.3B	1.3B	1.1B	932.3M	1.1B
Net Debt	852.3M	344.7M	1.1B	1.2B	958.8M	481.7M
Non Current Assets Total	4.9B	4.7B	5.1B	4.7B	4.1B	4.4B
Non Currrent Assets Other	119.5M	123.3M	287.3M	155.3M	109.1M	114.5M
Cash And Short Term Investments	714.9M	1.4B	972.6M	808.8M	1.0B	796.3M
Net Receivables	367.2M	457.4M	568.9M	304.5M	427.4M	386.8M
Common Stock Shares Outstanding	119.3M	116.0M	111.5M	103.0M	97.6M	119.7M
Liabilities And Stockholders Equity	6.6B	7.2B	7.5B	6.7B	6.6B	6.3B
Non Current Liabilities Total	1.7B	1.9B	2.3B	2.2B	1.8B	1.4B
Other Stockholder Equity	288K	29.6M	5.2M	(3.2M)	(2.9M)	(2.7M)
Total Current Assets	1.7B	2.5B	2.4B	2.0B	2.4B	1.8B
Accumulated Other Comprehensive Income	2.3M	29.6M	5.2M	(3.2M)	(5.1M)	(4.8M)
Net Tangible Assets	869.5M	1.4B	1.1B	604.3M	543.9M	967.0M
Current Deferred Revenue	210.9M	250.0M	(17.4M)	(19.4M)	59.9M	61.2M
Common Stock Total Equity	4.3B	4.2B	4.0B	3.8B	3.4B	3.6B
Long Term Investments	22.5M	35.4M	31.1M	20.4M	23.3M	36.4M
Property Plant And Equipment Gross	1.3B	1.3B	3.0B	3.1B	2.6B	1.7B
Short Term Debt	6.9M	5.1M	17.4M	19.4M	438.7M	460.7M

Pair Trading with Qorvo

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Qorvo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Qorvo will appreciate offsetting losses from the drop in the long position's value.

Moving together with Qorvo Stock

0.78	VECO	Veeco Instruments	Pair Corr
0.76	FORM	FormFactor	Pair Corr
0.9	TER	Teradyne	Pair Corr

Moving against Qorvo Stock

0.94	EHGO	Eshallgo Class A	Pair Corr
0.84	CWAN	Clearwater Analytics	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.67	KLIC	Kulicke and Soffa	Pair Corr

The ability to find closely correlated positions to Qorvo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qorvo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Qorvo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Qorvo Inc to buy it.

The correlation of Qorvo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qorvo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qorvo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Qorvo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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

How To Invest In Qorvo

Details

Is Qorvo Stock a good investment?

Details

What is Qorvo's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

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Largest Information Technology Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Is Semiconductors & Semiconductor Equipment 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 Qorvo. If investors know Qorvo 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 Qorvo 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

(0.46)

Earnings Share

(1.45)

Revenue Per Share

41.112

Quarterly Revenue Growth

(0.05)

Return On Assets

0.0341

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

Total Revenue vs Gross Profit

Total Revenue vs Gross Profit Correlation Analysis

Correlation Coefficient

Total Revenue

Gross Profit

Qorvo fundamental ratios Correlations

Qorvo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qorvo fundamental ratios Accounts

Pair Trading with Qorvo

Moving together with Qorvo Stock

Moving against Qorvo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Cash
Total Liab	+ 0.97	Long Term Debt
Non Current Assets Total	+ 0.96	Total Assets
Total Liab	+ 0.96	Inventory
Non Current Assets Total	+ 0.96	Good Will

Short Term Investments	- 0.63	Long Term Debt
Total Liab	- 0.57	Short Term Investments
Short Term Investments	- 0.57	Cash
Net Debt	- 0.56	Short Term Investments
Short Term Investments	- 0.56	Retained Earnings
Inventory	- 0.49	Short Term Investments