| TMDX Stock | | | USD 87.11 6.50 8.06% |
TransMedics financial indicator trend analysis is much more than just breaking down TransMedics Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TransMedics Group is a good investment. Please check the relationship between TransMedics Other Operating Expenses and its Operating Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TransMedics Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Other Operating Expenses vs Operating Income
Other Operating Expenses vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TransMedics Group Other Operating Expenses account and
Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between TransMedics' Other Operating Expenses and Operating Income is -0.48. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of TransMedics Group, assuming nothing else is changed. The correlation between historical values of TransMedics' Other Operating Expenses and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of TransMedics Group are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Other Operating Expenses i.e., TransMedics' Other Operating Expenses and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.48 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TransMedics Group. It is also known as TransMedics overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Operating Income
Operating Income is the amount of profit realized from TransMedics Group 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 TransMedics Group 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.
Most indicators from TransMedics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TransMedics Group 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 TransMedics Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, TransMedics'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.96 in 2024, despite the fact that
Tax Provision is likely to grow to (1.4
M).
TransMedics fundamental ratios Correlations
Click cells to compare fundamentals
TransMedics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TransMedics fundamental ratios Accounts
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