Smith Operating Income vs Gross Profit Analysis

SWBI Stock

USD 13.58 0.12 0.88%

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

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smith Wesson Brands Operating Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Smith Wesson's Operating Income and Gross Profit is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Smith Wesson Brands, assuming nothing else is changed. The correlation between historical values of Smith Wesson's Operating Income 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 Operating Income of Smith Wesson Brands 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 Operating Income i.e., Smith Wesson's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Smith Wesson Brands operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Smith Wesson Brands is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

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

The Smith Wesson's current Discontinued Operations is estimated to increase to about 8 M, while Selling General Administrative is projected to decrease to under 62.2 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	612.5M	430.8M	491.1M	403.5M
Depreciation And Amortization	30.0M	31.3M	32.6M	23.5M

Other Operating Expenses Depreciation And Amortization

Smith Wesson fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Good Will	Other Current Assets	Other Current Liab	Current Deferred Revenue	Accounts Payable	Non Currrent Assets Other	Net Receivables	Short Term Investments	Inventory	Short Term Debt
Total Assets		0.83	0.83	0.93	0.59	0.59	0.6	0.31	0.94	0.31	0.44	0.8	-0.12	0.88	0.85	0.71	0.78	0.7	0.78	0.17	0.51	-0.22	0.84	-0.64	0.81	0.77
Short Long Term Debt Total	0.83		0.65	0.59	0.32	0.82	0.24	0.15	0.88	0.15	0.36	0.99	0.22	0.97	0.55	0.39	0.86	0.53	0.67	0.0	0.32	0.09	0.72	-0.41	0.47	0.84
Total Current Liabilities	0.83	0.65		0.71	0.46	0.27	0.4	0.56	0.68	0.56	0.69	0.63	0.04	0.81	0.88	0.79	0.52	0.79	0.97	0.04	0.78	-0.29	0.89	-0.77	0.53	0.53
Total Stockholder Equity	0.93	0.59	0.71		0.67	0.38	0.77	0.28	0.84	0.28	0.29	0.54	-0.36	0.64	0.84	0.72	0.63	0.61	0.62	0.32	0.44	-0.35	0.72	-0.59	0.93	0.61
Property Plant And Equipment Net	0.59	0.32	0.46	0.67		0.2	0.87	0.09	0.53	0.09	0.24	0.3	-0.64	0.38	0.54	0.64	0.19	0.5	0.38	0.8	0.36	-0.39	0.45	-0.62	0.69	0.46
Net Debt	0.59	0.82	0.27	0.38	0.2		0.12	-0.43	0.78	-0.43	0.1	0.83	0.19	0.72	0.13	0.1	0.83	0.27	0.3	0.04	0.05	0.14	0.49	-0.11	0.4	0.67
Retained Earnings	0.6	0.24	0.4	0.77	0.87	0.12		0.12	0.54	0.12	-0.04	0.2	-0.83	0.28	0.56	0.48	0.24	0.42	0.3	0.66	0.34	-0.29	0.46	-0.4	0.77	0.48
Cash	0.31	0.15	0.56	0.28	0.09	-0.43	0.12		0.05	1.0	0.41	0.13	0.06	0.28	0.66	0.46	-0.07	0.36	0.54	-0.15	0.45	-0.09	0.28	-0.44	0.07	0.14
Non Current Assets Total	0.94	0.88	0.68	0.84	0.53	0.78	0.54	0.05		0.05	0.28	0.86	-0.09	0.88	0.62	0.52	0.91	0.56	0.64	0.14	0.42	-0.14	0.75	-0.46	0.73	0.86
Cash And Short Term Investments	0.31	0.15	0.56	0.28	0.09	-0.43	0.12	1.0	0.05		0.41	0.13	0.05	0.28	0.66	0.46	-0.07	0.36	0.54	-0.14	0.44	-0.1	0.28	-0.44	0.07	0.14
Common Stock Shares Outstanding	0.44	0.36	0.69	0.29	0.24	0.1	-0.04	0.41	0.28	0.41		0.41	0.43	0.53	0.58	0.77	0.23	0.63	0.75	-0.12	0.3	-0.49	0.5	-0.88	0.18	0.18
Non Current Liabilities Total	0.8	0.99	0.63	0.54	0.3	0.83	0.2	0.13	0.86	0.13	0.41		0.25	0.97	0.51	0.4	0.85	0.54	0.67	-0.06	0.31	0.09	0.69	-0.43	0.42	0.84
Other Stockholder Equity	-0.12	0.22	0.04	-0.36	-0.64	0.19	-0.83	0.06	-0.09	0.05	0.43	0.25		0.2	-0.14	-0.12	0.2	-0.06	0.15	-0.61	-0.18	0.08	-0.04	0.02	-0.44	-0.12
Total Liab	0.88	0.97	0.81	0.64	0.38	0.72	0.28	0.28	0.88	0.28	0.53	0.97	0.2		0.67	0.56	0.82	0.66	0.83	-0.03	0.49	-0.03	0.81	-0.58	0.49	0.81
Total Current Assets	0.85	0.55	0.88	0.84	0.54	0.13	0.56	0.66	0.62	0.66	0.58	0.51	-0.14	0.67		0.84	0.39	0.74	0.83	0.18	0.54	-0.3	0.78	-0.77	0.74	0.44
Common Stock	0.71	0.39	0.79	0.72	0.64	0.1	0.48	0.46	0.52	0.46	0.77	0.4	-0.12	0.56	0.84		0.25	0.73	0.74	0.23	0.48	-0.56	0.62	-0.95	0.64	0.34
Good Will	0.78	0.86	0.52	0.63	0.19	0.83	0.24	-0.07	0.91	-0.07	0.23	0.85	0.2	0.82	0.39	0.25		0.4	0.53	-0.15	0.24	-0.03	0.63	-0.24	0.49	0.8
Other Current Assets	0.7	0.53	0.79	0.61	0.5	0.27	0.42	0.36	0.56	0.36	0.63	0.54	-0.06	0.66	0.74	0.73	0.4		0.74	0.12	0.54	-0.05	0.72	-0.75	0.54	0.41
Other Current Liab	0.78	0.67	0.97	0.62	0.38	0.3	0.3	0.54	0.64	0.54	0.75	0.67	0.15	0.83	0.83	0.74	0.53	0.74		-0.07	0.67	-0.31	0.88	-0.78	0.44	0.53
Current Deferred Revenue	0.17	0.0	0.04	0.32	0.8	0.04	0.66	-0.15	0.14	-0.14	-0.12	-0.06	-0.61	-0.03	0.18	0.23	-0.15	0.12	-0.07		0.06	-0.23	0.11	-0.2	0.47	0.08
Accounts Payable	0.51	0.32	0.78	0.44	0.36	0.05	0.34	0.45	0.42	0.44	0.3	0.31	-0.18	0.49	0.54	0.48	0.24	0.54	0.67	0.06		-0.09	0.64	-0.41	0.24	0.34
Non Currrent Assets Other	-0.22	0.09	-0.29	-0.35	-0.39	0.14	-0.29	-0.09	-0.14	-0.1	-0.49	0.09	0.08	-0.03	-0.3	-0.56	-0.03	-0.05	-0.31	-0.23	-0.09		-0.17	0.57	-0.27	-0.08
Net Receivables	0.84	0.72	0.89	0.72	0.45	0.49	0.46	0.28	0.75	0.28	0.5	0.69	-0.04	0.81	0.78	0.62	0.63	0.72	0.88	0.11	0.64	-0.17		-0.6	0.62	0.56
Short Term Investments	-0.64	-0.41	-0.77	-0.59	-0.62	-0.11	-0.4	-0.44	-0.46	-0.44	-0.88	-0.43	0.02	-0.58	-0.77	-0.95	-0.24	-0.75	-0.78	-0.2	-0.41	0.57	-0.6		-0.51	-0.35
Inventory	0.81	0.47	0.53	0.93	0.69	0.4	0.77	0.07	0.73	0.07	0.18	0.42	-0.44	0.49	0.74	0.64	0.49	0.54	0.44	0.47	0.24	-0.27	0.62	-0.51		0.43
Short Term Debt	0.77	0.84	0.53	0.61	0.46	0.67	0.48	0.14	0.86	0.14	0.18	0.84	-0.12	0.81	0.44	0.34	0.8	0.41	0.53	0.08	0.34	-0.08	0.56	-0.35	0.43

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Smith Wesson Account Relationship Matchups

Smith Wesson fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	729.0M	446.4M	497.5M	541.3M	578.0M	398.3M
Short Long Term Debt Total	202.7M	38.8M	40.3M	61.8M	78.4M	98.2M
Total Current Liabilities	130.0M	125.7M	88.9M	87.2M	96.7M	83.6M
Total Stockholder Equity	387.1M	266.4M	360.5M	384.6M	398.2M	208.6M
Property Plant And Equipment Net	157.4M	141.6M	135.6M	210.3M	254.0M	266.7M
Net Debt	73.6M	(74.2M)	(80.4M)	8.2M	17.5M	16.7M
Retained Earnings	341.7M	325.2M	504.6M	523.2M	540.7M	567.7M
Cash	125.4M	113.0M	120.7M	53.6M	60.8M	55.8M
Non Current Assets Total	333.1M	178.1M	169.9M	249.4M	290.1M	192.4M
Cash And Short Term Investments	125.4M	113.0M	120.7M	53.6M	60.8M	57.9M
Common Stock Shares Outstanding	55.0M	55.4M	47.7M	46.2M	46.2M	51.3M
Liabilities And Stockholders Equity	729.0M	446.4M	497.5M	541.3M	578.0M	398.3M
Non Current Liabilities Total	211.9M	54.3M	48.0M	69.5M	83.1M	113.9M
Other Stockholder Equity	45.3M	(58.9M)	(144.3M)	(138.7M)	(142.6M)	(135.5M)
Total Liab	341.8M	180.0M	137.0M	156.7M	179.8M	197.5M
Total Current Assets	395.9M	268.3M	327.6M	291.9M	287.9M	205.9M
Good Will	191.3M	182.3M	83.6M	19.0M	21.9M	20.8M
Other Current Assets	8.8M	8.4M	5.6M	4.9M	5.0M	5.7M
Other Current Liab	72.4M	61.9M	53.6M	45.9M	46.5M	52.2M
Current Deferred Revenue	14.7M	2.9M	3K	20.1M	26.8M	28.2M
Accounts Payable	39.2M	57.3M	30.0M	36.8M	41.8M	34.7M
Non Currrent Assets Other	18.3M	13.1M	9.9M	7.7M	7.3M	9.9M
Net Receivables	95.0M	68.4M	64.6M	56.3M	61.6M	61.3M
Inventory	164.2M	78.5M	136.7M	177.1M	160.5M	87.9M
Short Term Debt	3.7M	2.4M	2.7M	2.7M	2.5M	4.6M
Intangible Assets	73.8M	4.4M	3.6M	3.6M	2.6M	2.5M
Property Plant And Equipment Gross	166.0M	141.6M	441.9M	544.7M	605.2M	635.5M
Other Assets	10.0M	9.8M	8.3M	8.1M	7.3M	7.5M
Long Term Debt	180.3M	149.4M	159.2M	24.8M	39.9M	37.9M
Long Term Debt Total	180.3M	194.8M	199.0M	24.8M	22.3M	21.2M
Capital Surpluse	267.6M	273.4M	278.1M	283.7M	326.2M	284.1M
Property Plant Equipment	183.3M	166.0M	146.4M	139.1M	160.0M	166.8M
Other Liab	16.2M	5.3M	11.9M	8.1M	7.3M	13.4M
Net Tangible Assets	229.8M	242.9M	337.9M	362.0M	416.3M	235.5M
Capital Lease Obligations	51.0M	41.2M	40.3M	37.0M	37.9M	35.0M

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

How To Invest In Smith

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Is Smith Stock a good investment?

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What is Smith Wesson's Net Worth?

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Largest Leisure Products Companies

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Largest Consumer Durables & Apparel Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Wesson Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

Is Leisure Products 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 Smith Wesson. If investors know Smith 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 Smith Wesson 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

1.047

Dividend Share

0.49

Earnings Share

0.74

Revenue Per Share

11.178

Quarterly Revenue Growth

(0.23)

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

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Smith Wesson fundamental ratios Correlations

Smith Wesson Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Smith Wesson fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.97	Short Long Term Debt Total
Other Current Liab	+ 0.97	Total Current Liabilities
Total Liab	+ 0.97	Non Current Liabilities Total
Non Current Assets Total	+ 0.94	Total Assets

Short Term Investments	- 0.95	Common Stock
Short Term Investments	- 0.88	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.83	Retained Earnings
Short Term Investments	- 0.78	Other Current Liab
Short Term Investments	- 0.77	Total Current Assets
Short Term Investments	- 0.77	Total Current Liabilities