TFX Stock | | | USD 190.64 3.21 1.71% |
Teleflex Incorporated financial indicator trend analysis is much more than just breaking down Teleflex Incorporated prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teleflex Incorporated is a good investment. Please check the relationship between Teleflex Incorporated Gross Profit and its Total Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Teleflex Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Teleflex Stock please use our
How to Invest in Teleflex Incorporated guide.
Gross Profit vs Total Revenue
Gross Profit vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Teleflex Incorporated Gross Profit account and
Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Teleflex Incorporated's Gross Profit and Total Revenue is 0.88. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Teleflex Incorporated, assuming nothing else is changed. The correlation between historical values of Teleflex Incorporated's Gross Profit and Total 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 Teleflex Incorporated are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Teleflex Incorporated's Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Teleflex Incorporated minus its cost of goods sold. It is profit before Teleflex Incorporated 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.
Total Revenue
Total revenue comprises all receipts Teleflex Incorporated 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.
Most indicators from Teleflex Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Teleflex Incorporated 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 Teleflex Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Teleflex Stock please use our
How to Invest in Teleflex Incorporated guide.At this time, Teleflex Incorporated's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 17.78 in 2024, whereas
Selling General Administrative is likely to drop slightly above 508.6
M in 2024.
Teleflex Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Teleflex Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Teleflex Incorporated fundamental ratios Accounts
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Additional Tools for Teleflex Stock Analysis
When running Teleflex Incorporated's price analysis, check to
measure Teleflex Incorporated'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 Teleflex Incorporated is operating at the current time. Most of Teleflex Incorporated's value examination focuses on studying past and present price action to
predict the probability of Teleflex Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teleflex Incorporated's price. Additionally, you may evaluate how the addition of Teleflex Incorporated to your portfolios can decrease your overall portfolio volatility.