| YORW Stock | | | USD 36.18 0.71 2.00% |
York Water financial indicator trend analysis is more than just analyzing York Water current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether York Water is a good investment. Please check the relationship between York Water Total Other Income Expense Net and its Gross Profit accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in The York Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
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
York Water Total Other Income Expense Net account and
Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between York Water's Total Other Income Expense Net and Gross Profit is -0.54. 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 The York Water, assuming nothing else is changed. The correlation between historical values of York Water's 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 The York Water 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., York Water's Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of The York Water minus its cost of goods sold. It is profit before York Water 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 York Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into York Water 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 The York Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, York Water's
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1.6
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 43.3M | 45.9M | 53.7M | 34.3M | Total Revenue | 55.1M | 60.1M | 71.0M | 39.2M |
York Water fundamental ratios Correlations
Click cells to compare fundamentals
York Water Account Relationship Matchups
High Positive Relationship
High Negative Relationship
York Water fundamental ratios Accounts
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