| WWW Stock | | | USD 23.74 0.34 1.45% |
Wolverine World financial indicator trend analysis is more than just analyzing Wolverine World Wide current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wolverine World Wide is a good investment. Please check the relationship between Wolverine World Income Before Tax and its Gross Profit accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. 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.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wolverine World Wide Income Before Tax account and
Gross Profit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Wolverine World's Income Before Tax and Gross Profit is 0.18. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Wolverine World Wide, assuming nothing else is changed. The correlation between historical values of Wolverine World's Income Before Tax 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 Income Before Tax of Wolverine World Wide 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 Income Before Tax i.e., Wolverine World's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.18 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Wolverine World income statement and is an important metric when analyzing Wolverine World Wide profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Wolverine World Wide minus its cost of goods sold. It is profit before Wolverine World 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 Wolverine World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wolverine World Wide 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. 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 367.6
M in 2024.
Tax Provision is likely to climb to about (90.2
M) in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 1.0B | 1.1B | 872.5M | 509.3M | Total Revenue | 2.4B | 2.7B | 2.2B | 1.3B |
Wolverine World fundamental ratios Correlations
Click cells to compare fundamentals
Wolverine World Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wolverine World fundamental ratios Accounts
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Additional Tools for Wolverine Stock Analysis
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predict the probability of Wolverine World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolverine World's price. Additionally, you may evaluate how the addition of Wolverine World to your portfolios can decrease your overall portfolio volatility.