ZimVie Research Development vs Gross Profit Analysis

ZIMV Stock

USD 14.53 0.01 0.07%

ZimVie financial indicator trend analysis is more than just analyzing ZimVie Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZimVie Inc is a good investment. Please check the relationship between ZimVie Research Development and its Gross Profit accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZimVie Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Research Development vs Gross Profit

Research Development vs Gross Profit Correlation Analysis

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

The correlation between ZimVie's Research Development and Gross Profit is 0.78. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Gross Profit in the same time period over historical financial statements of ZimVie Inc, assuming nothing else is changed. The correlation between historical values of ZimVie's Research Development 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 Research Development of ZimVie Inc 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 Research Development i.e., ZimVie's Research Development and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Research Development

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ZimVie Inc minus its cost of goods sold. It is profit before ZimVie 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 ZimVie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZimVie Inc 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 ZimVie Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Tax Provision is likely to drop to about (22.2 M) in 2024. Selling General Administrative is likely to drop to about 443.4 M in 2024

	2022	2023	2024 (projected)
Interest Expense	18.3M	20.2M	21.2M
Depreciation And Amortization	122.8M	121.7M	105.5M

Interest Expense Depreciation And Amortization

ZimVie fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		-0.6	0.3	0.41	-0.7	-0.67	-0.48	0.23	-0.74	-0.65	0.6	-0.52	0.31	-0.54	0.74	0.36	0.26	0.31	-0.43	-0.52	0.31	-0.68	-0.77	0.29	0.31	0.34
Total Assets	-0.6		-0.84	-0.82	0.54	0.98	0.95	-0.88	0.97	0.5	-0.88	0.95	-0.72	1.0	-0.67	-0.66	-0.82	-0.72	0.91	0.87	-0.82	0.98	0.93	-0.82	-0.77	-0.81
Short Long Term Debt Total	0.3	-0.84		0.8	-0.18	-0.88	-0.92	0.97	-0.76	-0.1	0.93	-0.95	0.62	-0.85	0.27	0.33	0.76	0.62	-0.97	-0.67	1.0	-0.86	-0.69	1.0	0.6	0.99
Other Current Liab	0.41	-0.82	0.8		-0.05	-0.84	-0.83	0.75	-0.73	0.01	0.79	-0.86	0.72	-0.84	0.22	0.66	0.8	0.72	-0.84	-0.95	0.77	-0.8	-0.6	0.82	0.74	0.8
Total Current Liabilities	-0.7	0.54	-0.18	-0.05		0.51	0.46	-0.29	0.64	0.85	-0.36	0.41	-0.39	0.49	-0.83	-0.41	-0.35	-0.39	0.35	0.25	-0.19	0.57	0.76	-0.16	-0.41	-0.15
Total Stockholder Equity	-0.67	0.98	-0.88	-0.84	0.51		0.95	-0.87	0.97	0.45	-0.95	0.97	-0.68	0.97	-0.63	-0.56	-0.77	-0.68	0.94	0.84	-0.87	1.0	0.93	-0.87	-0.7	-0.87
Other Liab	-0.48	0.95	-0.92	-0.83	0.46	0.95		-0.95	0.89	0.31	-0.9	0.99	-0.82	0.96	-0.48	-0.63	-0.9	-0.82	0.99	0.81	-0.91	0.96	0.85	-0.92	-0.82	-0.89
Net Tangible Assets	0.23	-0.88	0.97	0.75	-0.29	-0.87	-0.95		-0.78	-0.2	0.87	-0.94	0.69	-0.9	0.35	0.44	0.83	0.69	-0.96	-0.68	0.96	-0.86	-0.73	0.96	0.69	0.93
Property Plant And Equipment Net	-0.74	0.97	-0.76	-0.73	0.64	0.97	0.89	-0.78		0.64	-0.88	0.9	-0.59	0.95	-0.79	-0.56	-0.69	-0.59	0.85	0.8	-0.76	0.98	0.98	-0.74	-0.65	-0.75
Current Deferred Revenue	-0.65	0.5	-0.1	0.01	0.85	0.45	0.31	-0.2	0.64		-0.3	0.28	-0.03	0.45	-0.97	-0.21	-0.09	-0.03	0.2	0.2	-0.11	0.49	0.75	-0.04	-0.14	-0.08
Net Debt	0.6	-0.88	0.93	0.79	-0.36	-0.95	-0.9	0.87	-0.88	-0.3		-0.95	0.56	-0.87	0.48	0.32	0.66	0.56	-0.94	-0.7	0.94	-0.94	-0.83	0.92	0.53	0.95
Accounts Payable	-0.52	0.95	-0.95	-0.86	0.41	0.97	0.99	-0.94	0.9	0.28	-0.95		-0.76	0.96	-0.46	-0.56	-0.86	-0.76	0.99	0.82	-0.94	0.97	0.84	-0.95	-0.76	-0.93
Cash	0.31	-0.72	0.62	0.72	-0.39	-0.68	-0.82	0.69	-0.59	-0.03	0.56	-0.76		-0.74	0.18	0.86	0.97	1.0	-0.77	-0.77	0.59	-0.7	-0.55	0.67	0.98	0.57
Non Current Assets Total	-0.54	1.0	-0.85	-0.84	0.49	0.97	0.96	-0.9	0.95	0.45	-0.87	0.96	-0.74		-0.62	-0.68	-0.85	-0.74	0.93	0.88	-0.84	0.97	0.9	-0.84	-0.8	-0.82
Non Currrent Assets Other	0.74	-0.67	0.27	0.22	-0.83	-0.63	-0.48	0.35	-0.79	-0.97	0.48	-0.46	0.18	-0.62		0.35	0.25	0.18	-0.38	-0.42	0.28	-0.65	-0.86	0.22	0.29	0.26
Other Assets	0.36	-0.66	0.33	0.66	-0.41	-0.56	-0.63	0.44	-0.56	-0.21	0.32	-0.56	0.86	-0.68	0.35		0.83	0.86	-0.52	-0.83	0.29	-0.57	-0.52	0.37	0.93	0.27
Long Term Debt	0.26	-0.82	0.76	0.8	-0.35	-0.77	-0.9	0.83	-0.69	-0.09	0.66	-0.86	0.97	-0.85	0.25	0.83		0.97	-0.86	-0.82	0.72	-0.78	-0.63	0.79	0.97	0.7
Cash And Short Term Investments	0.31	-0.72	0.62	0.72	-0.39	-0.68	-0.82	0.69	-0.59	-0.03	0.56	-0.76	1.0	-0.74	0.18	0.86	0.97		-0.77	-0.77	0.59	-0.7	-0.55	0.67	0.98	0.57
Net Receivables	-0.43	0.91	-0.97	-0.84	0.35	0.94	0.99	-0.96	0.85	0.2	-0.94	0.99	-0.77	0.93	-0.38	-0.52	-0.86	-0.77		0.77	-0.96	0.94	0.79	-0.97	-0.75	-0.95
Good Will	-0.52	0.87	-0.67	-0.95	0.25	0.84	0.81	-0.68	0.8	0.2	-0.7	0.82	-0.77	0.88	-0.42	-0.83	-0.82	-0.77	0.77		-0.64	0.82	0.69	-0.69	-0.83	-0.65
Non Current Liabilities Total	0.31	-0.82	1.0	0.77	-0.19	-0.87	-0.91	0.96	-0.76	-0.11	0.94	-0.94	0.59	-0.84	0.28	0.29	0.72	0.59	-0.96	-0.64		-0.86	-0.69	0.99	0.56	1.0
Capital Lease Obligations	-0.68	0.98	-0.86	-0.8	0.57	1.0	0.96	-0.86	0.98	0.49	-0.94	0.97	-0.7	0.97	-0.65	-0.57	-0.78	-0.7	0.94	0.82	-0.86		0.94	-0.85	-0.72	-0.85
Inventory	-0.77	0.93	-0.69	-0.6	0.76	0.93	0.85	-0.73	0.98	0.75	-0.83	0.84	-0.55	0.9	-0.86	-0.52	-0.63	-0.55	0.79	0.69	-0.69	0.94		-0.66	-0.6	-0.68
Other Current Assets	0.29	-0.82	1.0	0.82	-0.16	-0.87	-0.92	0.96	-0.74	-0.04	0.92	-0.95	0.67	-0.84	0.22	0.37	0.79	0.67	-0.97	-0.69	0.99	-0.85	-0.66		0.63	0.99
Other Stockholder Equity	0.31	-0.77	0.6	0.74	-0.41	-0.7	-0.82	0.69	-0.65	-0.14	0.53	-0.76	0.98	-0.8	0.29	0.93	0.97	0.98	-0.75	-0.83	0.56	-0.72	-0.6	0.63		0.54
Total Liab	0.34	-0.81	0.99	0.8	-0.15	-0.87	-0.89	0.93	-0.75	-0.08	0.95	-0.93	0.57	-0.82	0.26	0.27	0.7	0.57	-0.95	-0.65	1.0	-0.85	-0.68	0.99	0.54

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ZimVie Research Development vs Gross Profit Analysis

Research Development vs Gross Profit

Research Development vs Gross Profit Correlation Analysis

Correlation Coefficient

Research Development

Gross Profit

ZimVie fundamental ratios Correlations

ZimVie Account Relationship Matchups

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Other Current Assets	+ 1.0	Short Long Term Debt Total
Capital Lease Obligations	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Other Current Assets	- 0.97	Net Receivables
Non Currrent Assets Other	- 0.97	Current Deferred Revenue
Net Receivables	- 0.97	Short Long Term Debt Total
Non Current Liabilities Total	- 0.96	Net Receivables
Net Receivables	- 0.96	Net Tangible Assets
Total Liab	- 0.95	Net Receivables