United Gross Profit vs Total Revenue Analysis
UHGWW Stock | 1.01 0.03 3.06% |
United Homes financial indicator trend analysis is much more than just breaking down United Homes Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Homes Group is a good investment. Please check the relationship between United Homes 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 United Homes 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 housing.
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 United Homes Group Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between United Homes' Gross Profit and Total Revenue is 0.97. 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 United Homes Group, assuming nothing else is changed. The correlation between historical values of United Homes' 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 United Homes Group 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., United Homes' Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of United Homes Group minus its cost of goods sold. It is profit before United Homes 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 United Homes Group 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 United Homes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Homes 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 United Homes 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 housing. Selling General Administrative is likely to drop to about 46.2 M in 2024. Tax Provision is likely to drop to about 1.6 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 100.6M | 118.8M | 79.7M | 92.7M | Total Revenue | 432.9M | 477.0M | 421.5M | 424.8M |
United Homes fundamental ratios Correlations
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United Homes Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for United Stock Analysis
When running United Homes' price analysis, check to measure United Homes' 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 United Homes is operating at the current time. Most of United Homes' value examination focuses on studying past and present price action to predict the probability of United Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Homes' price. Additionally, you may evaluate how the addition of United Homes to your portfolios can decrease your overall portfolio volatility.