Vestis Operating Income vs Gross Profit Analysis
| VSTS Stock | 15.62 2.31 17.36% |
Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Operating Income and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. 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. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.
Operating Income vs Gross Profit
Operating Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Operating Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Vestis' Operating Income and Gross Profit is 0.94. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Operating Income 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 Operating Income of Vestis 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 Operating Income i.e., Vestis' Operating Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Vestis 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 Vestis 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Vestis minus its cost of goods sold. It is profit before Vestis 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 Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 Vestis. 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. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.Enterprise Value is likely to gain to about 2.7 B in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.
| 2022 | 2023 | 2024 (projected) | Interest Expense | 10K | 9K | 8.6K | Depreciation And Amortization | 136.5M | 122.9M | 108.3M |
Vestis fundamental ratios Correlations
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Vestis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Vestis Stock Analysis
When running Vestis' price analysis, check to measure Vestis' 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 Vestis is operating at the current time. Most of Vestis' value examination focuses on studying past and present price action to predict the probability of Vestis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vestis' price. Additionally, you may evaluate how the addition of Vestis to your portfolios can decrease your overall portfolio volatility.