Virtus Gross Profit vs Operating Income Analysis

VRTS Stock

USD 239.40 4.92 2.10%

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

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Virtus Investment Gross Profit account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Virtus Investment's Gross Profit and Operating Income is 0.65. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Virtus Investment Partners,, assuming nothing else is changed. The correlation between historical values of Virtus Investment's Gross Profit 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 Gross Profit of Virtus Investment Partners, 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 Gross Profit i.e., Virtus Investment's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Virtus Investment Partners, minus its cost of goods sold. It is profit before Virtus Investment 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.

Operating Income

Operating Income is the amount of profit realized from Virtus Investment 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 Virtus Investment Partners, 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 Virtus Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virtus Investment 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 Virtus Investment Partners,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Virtus Investment's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.11 in 2024, whereas Selling General Administrative is likely to drop slightly above 70.2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	69.6M	93.4M	23.4M	31.0M
Depreciation And Amortization	50.8M	64.2M	68.4M	71.9M

Interest Expense Depreciation And Amortization

Virtus Investment fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Retained Earnings	Short Term Debt
Total Assets		0.89	-0.24	0.52	0.82	0.83	0.98	0.89	0.99	0.89	0.33	0.87	0.91	-0.13	-0.28	-0.32	0.99	-0.25	-0.15	1.0	0.88	0.57	0.97	-0.13	0.78	0.7
Short Long Term Debt Total	0.89		-0.12	0.43	0.72	0.67	0.92	0.79	0.9	0.63	0.26	0.74	0.82	-0.12	-0.26	-0.42	0.89	-0.24	-0.1	0.89	0.76	0.41	0.79	-0.12	0.61	0.67
Other Current Liab	-0.24	-0.12		-0.04	-0.25	-0.15	-0.2	-0.16	-0.21	-0.4	-0.08	-0.25	-0.24	0.0	0.06	-0.03	-0.25	-0.11	0.16	-0.24	-0.27	-0.39	-0.23	0.0	-0.28	-0.34
Total Current Liabilities	0.52	0.43	-0.04		0.49	0.48	0.56	0.47	0.53	0.29	0.23	0.42	0.54	-0.18	-0.25	-0.1	0.43	-0.4	0.0	0.53	0.2	0.3	0.5	-0.18	0.22	-0.04
Total Stockholder Equity	0.82	0.72	-0.25	0.49		0.59	0.75	0.87	0.78	0.69	0.72	0.92	0.77	-0.3	-0.44	0.05	0.78	-0.15	0.13	0.79	0.67	0.85	0.76	-0.28	0.56	0.49
Property Plant And Equipment Net	0.83	0.67	-0.15	0.48	0.59		0.81	0.72	0.85	0.84	0.15	0.59	0.78	-0.03	-0.12	-0.17	0.81	-0.19	-0.22	0.82	0.87	0.27	0.83	-0.02	0.78	0.73
Net Debt	0.98	0.92	-0.2	0.56	0.75	0.81		0.82	0.99	0.83	0.19	0.81	0.92	-0.1	-0.25	-0.41	0.98	-0.36	-0.21	0.99	0.83	0.44	0.95	-0.09	0.75	0.69
Cash	0.89	0.79	-0.16	0.47	0.87	0.72	0.82		0.86	0.78	0.59	0.85	0.75	-0.27	-0.4	-0.17	0.86	-0.08	0.15	0.86	0.79	0.72	0.84	-0.26	0.62	0.6
Non Current Assets Total	0.99	0.9	-0.21	0.53	0.78	0.85	0.99	0.86		0.88	0.24	0.84	0.92	-0.1	-0.24	-0.38	0.99	-0.3	-0.2	1.0	0.88	0.48	0.97	-0.09	0.79	0.71
Non Currrent Assets Other	0.89	0.63	-0.4	0.29	0.69	0.84	0.83	0.78	0.88		0.22	0.77	0.79	-0.07	-0.19	-0.23	0.9	-0.11	-0.23	0.88	0.91	0.51	0.92	-0.06	0.84	0.76
Cash And Short Term Investments	0.33	0.26	-0.08	0.23	0.72	0.15	0.19	0.59	0.24	0.22		0.48	0.16	-0.46	-0.52	0.59	0.24	0.18	0.57	0.25	0.23	0.87	0.21	-0.46	0.08	0.11
Net Receivables	0.87	0.74	-0.25	0.42	0.92	0.59	0.81	0.85	0.84	0.77	0.48		0.87	-0.16	-0.32	-0.26	0.85	-0.12	-0.09	0.85	0.76	0.75	0.86	-0.14	0.67	0.48
Good Will	0.91	0.82	-0.24	0.54	0.77	0.78	0.92	0.75	0.92	0.79	0.16	0.87		0.13	-0.02	-0.46	0.91	-0.26	-0.43	0.92	0.8	0.44	0.91	0.15	0.83	0.58
Common Stock Total Equity	-0.13	-0.12	0.0	-0.18	-0.3	-0.03	-0.1	-0.27	-0.1	-0.07	-0.46	-0.16	0.13		0.98	-0.31	-0.09	0.05	-0.84	-0.11	-0.03	-0.36	-0.07	1.0	0.41	-0.08
Common Stock Shares Outstanding	-0.28	-0.26	0.06	-0.25	-0.44	-0.12	-0.25	-0.4	-0.24	-0.19	-0.52	-0.32	-0.02	0.98		-0.25	-0.24	0.1	-0.78	-0.25	-0.15	-0.46	-0.21	0.98	0.28	-0.18
Short Term Investments	-0.32	-0.42	-0.03	-0.1	0.05	-0.17	-0.41	-0.17	-0.38	-0.23	0.59	-0.26	-0.46	-0.31	-0.25		-0.39	0.13	0.5	-0.38	-0.29	0.29	-0.39	-0.31	-0.31	-0.17
Non Current Liabilities Total	0.99	0.89	-0.25	0.43	0.78	0.81	0.98	0.86	0.99	0.9	0.24	0.85	0.91	-0.09	-0.24	-0.39		-0.25	-0.21	0.99	0.9	0.51	0.97	-0.08	0.8	0.74
Other Current Assets	-0.25	-0.24	-0.11	-0.4	-0.15	-0.19	-0.36	-0.08	-0.3	-0.11	0.18	-0.12	-0.26	0.05	0.1	0.13	-0.25		0.04	-0.29	0.05	0.15	-0.3	0.05	0.0	-0.15
Other Stockholder Equity	-0.15	-0.1	0.16	0.0	0.13	-0.22	-0.21	0.15	-0.2	-0.23	0.57	-0.09	-0.43	-0.84	-0.78	0.5	-0.21	0.04		-0.19	-0.22	0.32	-0.22	-0.85	-0.61	-0.11
Total Liab	1.0	0.89	-0.24	0.53	0.79	0.82	0.99	0.86	1.0	0.88	0.25	0.85	0.92	-0.11	-0.25	-0.38	0.99	-0.29	-0.19		0.87	0.51	0.97	-0.1	0.78	0.69
Property Plant And Equipment Gross	0.88	0.76	-0.27	0.2	0.67	0.87	0.83	0.79	0.88	0.91	0.23	0.76	0.8	-0.03	-0.15	-0.29	0.9	0.05	-0.22	0.87		0.47	0.87	-0.02	0.86	0.79
Total Current Assets	0.57	0.41	-0.39	0.3	0.85	0.27	0.44	0.72	0.48	0.51	0.87	0.75	0.44	-0.36	-0.46	0.29	0.51	0.15	0.32	0.51	0.47		0.51	-0.35	0.36	0.21
Intangible Assets	0.97	0.79	-0.23	0.5	0.76	0.83	0.95	0.84	0.97	0.92	0.21	0.86	0.91	-0.07	-0.21	-0.39	0.97	-0.3	-0.22	0.97	0.87	0.51		-0.06	0.8	0.65
Common Stock	-0.13	-0.12	0.0	-0.18	-0.28	-0.02	-0.09	-0.26	-0.09	-0.06	-0.46	-0.14	0.15	1.0	0.98	-0.31	-0.08	0.05	-0.85	-0.1	-0.02	-0.35	-0.06		0.42	-0.07
Retained Earnings	0.78	0.61	-0.28	0.22	0.56	0.78	0.75	0.62	0.79	0.84	0.08	0.67	0.83	0.41	0.28	-0.31	0.8	0.0	-0.61	0.78	0.86	0.36	0.8	0.42		0.63
Short Term Debt	0.7	0.67	-0.34	-0.04	0.49	0.73	0.69	0.6	0.71	0.76	0.11	0.48	0.58	-0.08	-0.18	-0.17	0.74	-0.15	-0.11	0.69	0.79	0.21	0.65	-0.07	0.63

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Virtus Investment Account Relationship Matchups

Virtus Investment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.5B	3.9B	4.0B	3.7B	3.9B
Short Long Term Debt Total	2.4B	4.6B	2.3B	2.3B	2.2B	2.3B
Other Current Liab	278.3M	54.8M	199.9M	(1.8B)	107.8M	113.2M
Total Current Liabilities	579.5M	80.2M	248.4M	279.9M	146.6M	149.0M
Total Stockholder Equity	675.7M	711.1M	828.3M	817M	863.9M	454.8M
Property Plant And Equipment Net	18.2M	14.5M	12.5M	19.1M	26.2M	27.5M
Net Debt	1.8B	2.1B	1.9B	2.0B	1.8B	1.9B
Cash	321.5M	333.5M	378.9M	338.2M	340.3M	357.4M
Non Current Assets Total	2.8B	3.0B	3.2B	3.3B	3.2B	3.4B
Non Currrent Assets Other	60.5M	49.7M	104.3M	140.4M	132.7M	139.3M
Cash And Short Term Investments	321.5M	333.5M	378.9M	338.2M	340.3M	214.2M
Net Receivables	74.1M	84.5M	123.9M	99.3M	109.1M	56.2M
Common Stock Total Equity	106K	107K	118K	119K	107.1K	146.7K
Common Stock Shares Outstanding	8.1M	8.0M	8.0M	7.6M	7.4M	13.2M
Short Term Investments	62.5M	3K	108.89	100.3M	115.4M	68.8M
Liabilities And Stockholders Equity	3.2B	3.5B	3.9B	3.9B	3.7B	3.9B
Non Current Liabilities Total	1.9B	2.6B	2.7B	2.7B	2.6B	2.7B
Other Current Assets	483K	6.4M	604.0K	644K	680K	714K
Other Stockholder Equity	780.0M	846.3M	767.2M	687.0M	656.5M	780.7M
Total Liab	2.5B	2.6B	3.0B	3.0B	2.7B	2.8B
Property Plant And Equipment Gross	18.2M	37.4M	36.3M	40.8M	48.8M	51.3M
Total Current Assets	396.1M	424.3M	710.0M	688.5M	450.1M	296.9M
Accumulated Other Comprehensive Income	9K	29K	20K	(358K)	(87K)	(82.7K)
Intangible Assets	310.4M	280.3M	500.6M	442.5M	432.1M	453.7M
Common Stock	107K	118K	119K	120K	122K	142.0K
Retained Earnings	(215.2M)	(135.3M)	61.0M	130.3M	207.4M	217.7M
Short Term Debt	277.8M	2.2B	2.0K	2.1B	2.4B	2.5B
Accounts Payable	23.3M	25.4M	48.5M	33.2M	38.8M	20.8M
Other Liab	2.0B	2.2B	2.4B	2.5B	2.8B	3.0B
Other Assets	64.1M	2.6B	3.9K	2.5B	2.9B	3.0B
Long Term Debt	2.1B	2.4B	2.3B	2.3B	2.2B	2.3B
Property Plant Equipment	18.2M	14.5M	12.5M	83.6M	96.2M	101.0M
Inventory	(16K)	(3K)	1.0	250.9M	288.6M	303.0M
Treasury Stock	(379.2M)	(419.2M)	(451.7M)	(509.2M)	(458.3M)	(435.4M)
Noncontrolling Interest In Consolidated Entity	14.0M	10.6M	9.8M	8.4M	9.6M	6.2M
Retained Earnings Total Equity	(310.9M)	(215.2M)	(135.3M)	61.0M	70.1M	73.6M

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