VINO Stock | | | 35.50 0.50 1.39% |
Virgin Wines financial indicator trend analysis is much more than just breaking down Virgin Wines UK prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Virgin Wines UK is a good investment. Please check the relationship between Virgin Wines Total Other Income Expense Net and its Gross Profit accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Virgin Wines UK. 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.
Total Other Income Expense Net vs Gross Profit
Total Other Income Expense Net vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Virgin Wines UK Total Other Income Expense Net account and
Gross Profit. At this time, the significance of the direction appears to have no relationship.
The correlation between Virgin Wines' Total Other Income Expense Net and Gross Profit is 0.04. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Virgin Wines UK, assuming nothing else is changed. The correlation between historical values of Virgin Wines' Total Other Income Expense Net 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 Total Other Income Expense Net of Virgin Wines UK 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 Total Other Income Expense Net i.e., Virgin Wines' Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Virgin Wines UK minus its cost of goods sold. It is profit before Virgin Wines 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 Virgin Wines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virgin Wines UK 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 Virgin Wines UK. 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 gain to about 319
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.7
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 21.7M | 17.4M | 18.8M | 16.4M | Total Revenue | 69.2M | 59.0M | 59.0M | 53.4M |
Virgin Wines fundamental ratios Correlations
Click cells to compare fundamentals
Virgin Wines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Virgin Wines fundamental ratios Accounts
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measure Virgin Wines' 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 Virgin Wines is operating at the current time. Most of Virgin Wines' value examination focuses on studying past and present price action to
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