Apple Gross Profit vs Cost of Revenue Analysis
AAPL Stock | USD 181.71 1.67 0.91% |
Apple financial indicator trend analysis is way more than just evaluating Apple Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple Inc is a good investment. Please check the relationship between Apple Gross Profit and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Gross Profit vs Cost Of Revenue
Gross Profit vs Cost of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apple Inc Gross Profit account and Cost of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Apple's Gross Profit and Cost of Revenue is 0.98. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Apple Inc, assuming nothing else is changed. The correlation between historical values of Apple's Gross Profit and Cost of Revenue 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 Apple Inc are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Gross Profit i.e., Apple's Gross Profit and Cost of Revenue go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Apple Inc minus its cost of goods sold. It is profit before Apple 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.Cost Of Revenue
Cost of Revenue is found on Apple Inc income statement and represents the costs associated with goods and services Apple provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from Apple's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apple 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Apple's Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 20.94 this year, although the value of Tax Provision will most likely fall to about 12 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.9B | 3.9B | 4.5B | 4.7B | Depreciation And Amortization | 11.1B | 11.5B | 13.2B | 13.9B |
Apple fundamental ratios Correlations
Click cells to compare fundamentals
Apple Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Apple fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 323.9B | 351.0B | 352.8B | 352.6B | 405.5B | 425.7B | |
Other Current Liab | 42.7B | 47.5B | 60.8B | 58.8B | 67.7B | 71.0B | |
Total Current Liabilities | 105.4B | 125.5B | 154.0B | 145.3B | 167.1B | 175.5B | |
Total Stockholder Equity | 65.3B | 63.1B | 50.7B | 62.1B | 71.5B | 40.2B | |
Property Plant And Equipment Net | 36.8B | 39.4B | 42.1B | 43.7B | 50.3B | 52.8B | |
Net Debt | 74.4B | 89.8B | 96.4B | 81.1B | 93.3B | 98.0B | |
Retained Earnings | 15.0B | 5.6B | (3.1B) | (214M) | (246.1M) | (233.8M) | |
Cash | 38.0B | 34.9B | 23.6B | 30.0B | 34.5B | 36.2B | |
Non Current Assets Total | 180.2B | 216.2B | 217.4B | 209.0B | 240.4B | 252.4B | |
Non Currrent Assets Other | 42.5B | 48.8B | 54.4B | 64.8B | 74.5B | 78.2B | |
Cash And Short Term Investments | 90.9B | 62.6B | 48.3B | 61.6B | 70.8B | 74.3B | |
Net Receivables | 37.4B | 51.5B | 60.9B | 61.0B | 70.1B | 73.6B | |
Common Stock Shares Outstanding | 17.5B | 16.9B | 16.3B | 15.8B | 18.2B | 21.0B | |
Liabilities And Stockholders Equity | 323.9B | 351.0B | 352.8B | 352.6B | 405.5B | 425.7B | |
Non Current Liabilities Total | 153.2B | 162.4B | 148.1B | 145.1B | 166.9B | 175.2B | |
Inventory | 4.1B | 6.6B | 4.9B | 6.3B | 7.3B | 7.6B | |
Other Current Assets | 11.3B | 14.1B | 21.2B | 14.7B | 16.9B | 17.7B | |
Other Stockholder Equity | (406M) | 163M | (11.1B) | (11.5B) | (10.3B) | (9.8B) | |
Total Liab | 258.5B | 287.9B | 302.1B | 290.4B | 334.0B | 350.7B | |
Total Current Assets | 143.7B | 134.8B | 135.4B | 143.6B | 165.1B | 173.4B | |
Accumulated Other Comprehensive Income | (406M) | 163M | (11.1B) | (11.5B) | (10.3B) | (9.8B) | |
Cash And Equivalents | 38.0B | 34.9B | 23.6B | 30.0B | 34.5B | 36.2B | |
Property Plant Equipment | 36.8B | 39.4B | 42.1B | 43.7B | 50.3B | 52.8B | |
Short Long Term Debt Total | 112.4B | 124.7B | 120.1B | 111.1B | 127.8B | 134.1B | |
Short Term Debt | 13.8B | 15.6B | 21.1B | 15.8B | 18.2B | 19.1B | |
Accounts Payable | 42.3B | 54.8B | 64.1B | 62.6B | 72.0B | 75.6B | |
Property Plant And Equipment Gross | 103.5B | 109.7B | 114.5B | 114.6B | 131.8B | 138.4B | |
Accumulated Depreciation | 58.6B | 66.8B | 70.3B | 72.3B | 83.2B | 87.4B | |
Common Stock Total Equity | 45.2B | 50.8B | 57.4B | 64.8B | 74.6B | 78.3B | |
Short Term Investments | 52.9B | 27.7B | 24.7B | 31.6B | 36.3B | 18.2B | |
Common Stock | 50.8B | 57.4B | 64.8B | 73.8B | 84.9B | 89.1B | |
Other Assets | 34.0B | 38.8B | 54.4B | 54.1B | 62.2B | 65.3B | |
Long Term Debt | 98.7B | 109.1B | 99.0B | 95.3B | 109.6B | 67.6B | |
Current Deferred Revenue | 6.6B | 7.6B | 7.9B | 8.1B | 9.3B | 5.5B | |
Other Liab | 50.5B | 46.1B | 43.1B | 49.1B | 56.5B | 59.3B | |
Net Tangible Assets | 90.5B | 65.3B | 63.1B | 50.7B | 58.3B | 95.6B | |
Retained Earnings Total Equity | 45.9B | 15.0B | 5.6B | (3.1B) | (2.8B) | (2.6B) |
Pair Trading with Apple
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.Moving together with Apple Stock
0.73 | S | SentinelOne Sell-off Trend | PairCorr |
Moving against Apple Stock
0.68 | NTNX | Nutanix Report 22nd of May 2024 | PairCorr |
0.62 | OKTA | Okta Inc Financial Report 29th of May 2024 | PairCorr |
0.48 | CLSK | CleanSpark Downward Rally | PairCorr |
The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc to buy it.
The correlation of Apple is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running Apple's price analysis, check to measure Apple's 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 Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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Is Apple's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.007 | Dividend Share 0.96 | Earnings Share 6.43 | Revenue Per Share 24.537 | Quarterly Revenue Growth (0.04) |
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.