Spectra Cost Of Revenue vs Gross Profit Analysis

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

Cost Of Revenue vs Gross Profit

Cost Of Revenue vs Gross Profit Correlation Analysis

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

The correlation between Spectra's Cost Of Revenue and Gross Profit is 0.67. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Spectra, assuming nothing else is changed. The correlation between historical values of Spectra's Cost Of 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 Cost Of Revenue of Spectra 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 Cost Of Revenue i.e., Spectra's Cost Of Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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Cost Of Revenue

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Spectra minus its cost of goods sold. It is profit before Spectra 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 Spectra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spectra 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spectra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to climb to about 107.6 K in 2024, whereas Selling General Administrative is likely to drop slightly above 488.8 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	954.5K	830.6K	952.6K	1.0M
Total Revenue	1.7M	1.7M	2.1M	1.9M

Gross Profit Total Revenue

Spectra fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Short Term Investments
Total Assets		-0.02	-0.28	0.94	0.94	0.94	-0.22	0.84	-0.8	0.59	0.8	-0.88	-0.53	0.98	-0.53	-0.62	-0.7	0.76	0.84	0.92	-0.87	-0.73	-0.37	0.98	0.89	0.31
Other Current Liab	-0.02		0.87	0.02	0.02	0.06	-0.17	-0.09	-0.3	0.33	0.1	-0.12	-0.19	0.03	-0.19	-0.23	0.11	0.22	-0.14	-0.16	-0.4	-0.18	0.07	-0.03	-0.38	-0.03
Total Current Liabilities	-0.28	0.87		-0.3	-0.3	-0.27	0.25	-0.27	0.09	0.21	-0.21	0.26	0.17	-0.21	0.17	0.19	0.19	-0.07	-0.37	-0.41	-0.07	0.08	0.0	-0.29	-0.55	-0.2
Total Stockholder Equity	0.94	0.02	-0.3		1.0	0.99	-0.45	0.88	-0.9	0.59	0.82	-0.97	-0.62	0.91	-0.62	-0.69	-0.71	0.87	0.85	0.96	-0.9	-0.86	-0.4	0.97	0.83	0.23
Net Tangible Assets	0.94	0.02	-0.3	1.0		1.0	-0.46	0.89	-0.89	0.58	0.83	-0.97	-0.62	0.91	-0.62	-0.68	-0.72	0.87	0.84	0.96	-0.9	-0.88	-0.42	0.96	0.83	0.2
Retained Earnings	0.94	0.06	-0.27	0.99	1.0		-0.46	0.9	-0.9	0.63	0.87	-0.97	-0.65	0.92	-0.65	-0.72	-0.75	0.89	0.8	0.94	-0.9	-0.88	-0.46	0.96	0.82	0.15
Accounts Payable	-0.22	-0.17	0.25	-0.45	-0.46	-0.46		-0.31	0.56	0.0	-0.45	0.57	0.6	-0.21	0.6	0.58	0.14	-0.41	-0.23	-0.38	0.41	0.55	0.01	-0.3	-0.17	0.01
Cash	0.84	-0.09	-0.27	0.88	0.89	0.9	-0.31		-0.68	0.55	0.77	-0.77	-0.42	0.88	-0.42	-0.45	-0.92	0.8	0.6	0.87	-0.7	-0.88	-0.71	0.89	0.88	-0.03
Long Term Debt	-0.8	-0.3	0.09	-0.9	-0.89	-0.9	0.56	-0.68		-0.65	-0.84	0.96	0.75	-0.77	0.75	0.84	0.51	-0.86	-0.71	-0.76	0.89	0.76	0.27	-0.79	-0.56	-0.19
Net Receivables	0.59	0.33	0.21	0.59	0.58	0.63	0.0	0.55	-0.65		0.65	-0.57	-0.59	0.63	-0.59	-0.66	-0.59	0.71	0.37	0.44	-0.59	-0.48	-0.52	0.51	0.37	-0.17
Inventory	0.8	0.1	-0.21	0.82	0.83	0.87	-0.45	0.77	-0.84	0.65		-0.82	-0.62	0.83	-0.62	-0.72	-0.68	0.86	0.58	0.74	-0.73	-0.74	-0.57	0.77	0.7	-0.13
Total Liab	-0.88	-0.12	0.26	-0.97	-0.97	-0.97	0.57	-0.77	0.96	-0.57	-0.82		0.7	-0.84	0.7	0.78	0.58	-0.86	-0.83	-0.9	0.92	0.83	0.27	-0.9	-0.71	-0.25
Short Long Term Debt	-0.53	-0.19	0.17	-0.62	-0.62	-0.65	0.6	-0.42	0.75	-0.59	-0.62	0.7		-0.52	1.0	0.9	0.31	-0.49	-0.44	-0.46	0.54	0.45	0.15	-0.49	-0.35	-0.13
Total Current Assets	0.98	0.03	-0.21	0.91	0.91	0.92	-0.21	0.88	-0.77	0.63	0.83	-0.84	-0.52		-0.52	-0.61	-0.78	0.76	0.7	0.85	-0.83	-0.72	-0.46	0.96	0.9	0.25
Short Term Debt	-0.53	-0.19	0.17	-0.62	-0.62	-0.65	0.6	-0.42	0.75	-0.59	-0.62	0.7	1.0	-0.52		0.9	0.31	-0.49	-0.44	-0.46	0.54	0.45	0.15	-0.49	-0.35	-0.13
Intangible Assets	-0.62	-0.23	0.19	-0.69	-0.68	-0.72	0.58	-0.45	0.84	-0.66	-0.72	0.78	0.9	-0.61	0.9		0.33	-0.65	-0.5	-0.51	0.64	0.48	0.14	-0.56	-0.4	-0.18
Common Stock	-0.7	0.11	0.19	-0.71	-0.72	-0.75	0.14	-0.92	0.51	-0.59	-0.68	0.58	0.31	-0.78	0.31	0.33		-0.66	-0.4	-0.7	0.53	0.73	0.74	-0.73	-0.78	0.24
Property Plant Equipment	0.76	0.22	-0.07	0.87	0.87	0.89	-0.41	0.8	-0.86	0.71	0.86	-0.86	-0.49	0.76	-0.49	-0.65	-0.66		0.64	0.79	-0.83	-0.88	-0.59	0.78	0.6	-0.09
Non Current Assets Total	0.84	-0.14	-0.37	0.85	0.84	0.8	-0.23	0.6	-0.71	0.37	0.58	-0.83	-0.44	0.7	-0.44	-0.5	-0.4	0.64		0.9	-0.79	-0.63	-0.11	0.84	0.69	0.34
Non Currrent Assets Other	0.92	-0.16	-0.41	0.96	0.96	0.94	-0.38	0.87	-0.76	0.44	0.74	-0.9	-0.46	0.85	-0.46	-0.51	-0.7	0.79	0.9		-0.83	-0.86	-0.41	0.96	0.87	0.18
Non Current Liabilities Total	-0.87	-0.4	-0.07	-0.9	-0.9	-0.9	0.41	-0.7	0.89	-0.59	-0.73	0.92	0.54	-0.83	0.54	0.64	0.53	-0.83	-0.79	-0.83		0.82	0.23	-0.88	-0.6	-0.26
Net Debt	-0.73	-0.18	0.08	-0.86	-0.88	-0.88	0.55	-0.88	0.76	-0.48	-0.74	0.83	0.45	-0.72	0.45	0.48	0.73	-0.88	-0.63	-0.86	0.82		0.6	-0.81	-0.64	0.11
Common Stock Shares Outstanding	-0.37	0.07	0.0	-0.4	-0.42	-0.46	0.01	-0.71	0.27	-0.52	-0.57	0.27	0.15	-0.46	0.15	0.14	0.74	-0.59	-0.11	-0.41	0.23	0.6		-0.39	-0.47	0.59
Net Invested Capital	0.98	-0.03	-0.29	0.97	0.96	0.96	-0.3	0.89	-0.79	0.51	0.77	-0.9	-0.49	0.96	-0.49	-0.56	-0.73	0.78	0.84	0.96	-0.88	-0.81	-0.39		0.91	0.3
Net Working Capital	0.89	-0.38	-0.55	0.83	0.83	0.82	-0.17	0.88	-0.56	0.37	0.7	-0.71	-0.35	0.9	-0.35	-0.4	-0.78	0.6	0.69	0.87	-0.6	-0.64	-0.47	0.91		0.24
Short Term Investments	0.31	-0.03	-0.2	0.23	0.2	0.15	0.01	-0.03	-0.19	-0.17	-0.13	-0.25	-0.13	0.25	-0.13	-0.18	0.24	-0.09	0.34	0.18	-0.26	0.11	0.59	0.3	0.24

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Spectra Account Relationship Matchups

Spectra fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4M	1.9M	2.1M	2.4M	2.2M	1.3M
Other Current Liab	4.3K	216.1K	13.2K	9.5K	11.0K	10.4K
Total Current Liabilities	169.9K	107.1K	149.3K	358.5K	126.7K	223.0K
Total Stockholder Equity	1.1M	1.7M	1.8M	1.7M	1.8M	1.9M
Net Tangible Assets	1.1M	1.7M	1.8M	1.7M	2.0M	2.1M
Retained Earnings	(5.2M)	(4.8M)	(4.6M)	(4.5M)	(4.2M)	(4.4M)
Accounts Payable	47.2K	50.9K	63.7K	227.8K	1.3K	1.2K
Cash	130.8K	569.8K	877.5K	1.1M	1.2M	1.3M
Net Receivables	208.6K	159.4K	234.7K	369.5K	232.8K	242.7K
Inventory	182.7K	155.6K	176.9K	227.5K	299.4K	182.6K
Total Liab	370.7K	283.5K	300.5K	639.3K	346.1K	328.8K
Total Current Assets	701.9K	1.4M	1.7M	1.9M	1.9M	1.0M
Non Current Assets Total	730.3K	535.4K	408.7K	503.1K	304.1K	342.1K
Non Current Liabilities Total	200.8K	176.4K	151.3K	280.8K	219.4K	365.3K
Net Invested Capital	1.1M	1.7M	1.8M	1.7M	1.8M	1.3M
Net Working Capital	532.0K	1.3M	1.5M	1.5M	1.7M	1.1M

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