ChoiceOne Gross Profit vs Net Income Analysis

COFS Stock

USD 27.22 0.08 0.29%

ChoiceOne Financial financial indicator trend analysis is way more than just evaluating ChoiceOne Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChoiceOne Financial is a good investment. Please check the relationship between ChoiceOne Financial Gross Profit and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Gross Profit vs Net Income

Gross Profit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChoiceOne Financial Gross Profit account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ChoiceOne Financial's Gross Profit and Net Income is 0.95. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of ChoiceOne Financial Services, assuming nothing else is changed. The correlation between historical values of ChoiceOne Financial's Gross Profit and Net Income 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 ChoiceOne Financial Services are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., ChoiceOne Financial's Gross Profit and Net Income go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ChoiceOne Financial Services minus its cost of goods sold. It is profit before ChoiceOne Financial 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ChoiceOne Financial financial statement analysis. It represents the amount of money remaining after all of ChoiceOne Financial Services operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from ChoiceOne Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChoiceOne Financial 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 ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

At this time, ChoiceOne Financial's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 441.44 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 164.1 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	4.0M	7.7M	1.8M	1.7M
Depreciation And Amortization	1.3M	1.2M	3.4M	1.7M

Interest Expense Depreciation And Amortization

ChoiceOne Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Non Current Liabilities Total	Other Current Assets	Good Will	Other Liab	Accounts Payable
Total Assets		0.82	0.58	0.69	0.93	0.97	0.67	0.95	0.77	0.89	0.39	0.74	0.4	0.97	0.8	-0.77	0.87	0.99	0.45	0.73	0.96	0.42	-0.38	0.98	0.75	0.99
Short Long Term Debt Total	0.82		0.68	0.74	0.6	0.69	0.96	0.9	0.49	0.96	0.71	0.77	-0.13	0.74	0.45	-0.84	0.9	0.86	-0.07	0.96	0.67	0.58	-0.25	0.76	0.58	0.85
Other Current Liab	0.58	0.68		0.96	0.56	0.58	0.54	0.59	0.71	0.75	0.89	0.73	-0.3	0.63	0.23	-0.54	0.4	0.55	-0.23	0.79	0.56	0.58	-0.26	0.62	0.27	0.6
Total Current Liabilities	0.69	0.74	0.96		0.65	0.67	0.6	0.7	0.75	0.83	0.88	0.78	-0.23	0.72	0.33	-0.59	0.52	0.66	-0.14	0.83	0.66	0.62	-0.22	0.71	0.39	0.71
Total Stockholder Equity	0.93	0.6	0.56	0.65		0.98	0.39	0.81	0.88	0.73	0.26	0.65	0.55	0.98	0.81	-0.56	0.65	0.88	0.59	0.53	0.99	0.29	-0.44	0.97	0.68	0.9
Property Plant And Equipment Net	0.97	0.69	0.58	0.67	0.98		0.51	0.88	0.85	0.79	0.31	0.7	0.48	0.98	0.8	-0.65	0.75	0.94	0.55	0.61	0.98	0.39	-0.52	0.98	0.67	0.94
Net Debt	0.67	0.96	0.54	0.6	0.39	0.51		0.79	0.24	0.89	0.67	0.62	-0.24	0.55	0.3	-0.79	0.87	0.75	-0.18	0.93	0.48	0.57	-0.15	0.58	0.5	0.71
Retained Earnings	0.95	0.9	0.59	0.7	0.81	0.88	0.79		0.66	0.92	0.48	0.75	0.23	0.88	0.69	-0.88	0.91	0.97	0.3	0.8	0.85	0.54	-0.37	0.9	0.65	0.96
Cash	0.77	0.49	0.71	0.75	0.88	0.85	0.24	0.66		0.61	0.39	0.78	0.3	0.87	0.65	-0.48	0.41	0.7	0.33	0.48	0.88	0.23	-0.41	0.86	0.5	0.75
Non Current Assets Total	0.89	0.96	0.75	0.83	0.73	0.79	0.89	0.92	0.61		0.72	0.76	-0.01	0.83	0.55	-0.8	0.89	0.91	0.06	0.95	0.77	0.61	-0.24	0.85	0.63	0.92
Non Currrent Assets Other	0.39	0.71	0.89	0.88	0.26	0.31	0.67	0.48	0.39	0.72		0.63	-0.62	0.38	-0.03	-0.49	0.4	0.4	-0.54	0.84	0.29	0.64	-0.05	0.39	0.15	0.44
Other Assets	0.74	0.77	0.73	0.78	0.65	0.7	0.62	0.75	0.78	0.76	0.63		-0.14	0.78	0.46	-0.72	0.57	0.72	-0.14	0.73	0.74	0.28	-0.31	0.78	0.51	0.75
Cash And Short Term Investments	0.4	-0.13	-0.3	-0.23	0.55	0.48	-0.24	0.23	0.3	-0.01	-0.62	-0.14		0.41	0.66	0.0	0.2	0.35	0.97	-0.27	0.49	-0.28	-0.25	0.41	0.39	0.34
Common Stock Total Equity	0.97	0.74	0.63	0.72	0.98	0.98	0.55	0.88	0.87	0.83	0.38	0.78	0.41		0.78	-0.69	0.75	0.94	0.45	0.67	0.99	0.36	-0.41	1.0	0.73	0.96
Common Stock Shares Outstanding	0.8	0.45	0.23	0.33	0.81	0.8	0.3	0.69	0.65	0.55	-0.03	0.46	0.66	0.78		-0.52	0.62	0.76	0.67	0.31	0.81	0.09	-0.27	0.79	0.83	0.78
Other Stockholder Equity	-0.77	-0.84	-0.54	-0.59	-0.56	-0.65	-0.79	-0.88	-0.48	-0.8	-0.49	-0.72	0.0	-0.69	-0.52		-0.78	-0.79	-0.07	-0.74	-0.65	-0.49	0.15	-0.71	-0.58	-0.8
Total Liab	0.87	0.9	0.4	0.52	0.65	0.75	0.87	0.91	0.41	0.89	0.4	0.57	0.2	0.75	0.62	-0.78		0.92	0.28	0.79	0.72	0.55	-0.22	0.77	0.71	0.89
Property Plant And Equipment Gross	0.99	0.86	0.55	0.66	0.88	0.94	0.75	0.97	0.7	0.91	0.4	0.72	0.35	0.94	0.76	-0.79	0.92		0.42	0.77	0.92	0.47	-0.39	0.95	0.74	0.99
Total Current Assets	0.45	-0.07	-0.23	-0.14	0.59	0.55	-0.18	0.3	0.33	0.06	-0.54	-0.14	0.97	0.45	0.67	-0.07	0.28	0.42		-0.2	0.53	-0.05	-0.29	0.45	0.4	0.39
Short Term Debt	0.73	0.96	0.79	0.83	0.53	0.61	0.93	0.8	0.48	0.95	0.84	0.73	-0.27	0.67	0.31	-0.74	0.79	0.77	-0.2		0.59	0.63	-0.22	0.68	0.49	0.76
Common Stock	0.96	0.67	0.56	0.66	0.99	0.98	0.48	0.85	0.88	0.77	0.29	0.74	0.49	0.99	0.81	-0.65	0.72	0.92	0.53	0.59		0.3	-0.42	0.99	0.73	0.94
Non Current Liabilities Total	0.42	0.58	0.58	0.62	0.29	0.39	0.57	0.54	0.23	0.61	0.64	0.28	-0.28	0.36	0.09	-0.49	0.55	0.47	-0.05	0.63	0.3		-0.17	0.35	0.16	0.44
Other Current Assets	-0.38	-0.25	-0.26	-0.22	-0.44	-0.52	-0.15	-0.37	-0.41	-0.24	-0.05	-0.31	-0.25	-0.41	-0.27	0.15	-0.22	-0.39	-0.29	-0.22	-0.42	-0.17		-0.39	0.07	-0.29
Good Will	0.98	0.76	0.62	0.71	0.97	0.98	0.58	0.9	0.86	0.85	0.39	0.78	0.41	1.0	0.79	-0.71	0.77	0.95	0.45	0.68	0.99	0.35	-0.39		0.74	0.97
Other Liab	0.75	0.58	0.27	0.39	0.68	0.67	0.5	0.65	0.5	0.63	0.15	0.51	0.39	0.73	0.83	-0.58	0.71	0.74	0.4	0.49	0.73	0.16	0.07	0.74		0.77
Accounts Payable	0.99	0.85	0.6	0.71	0.9	0.94	0.71	0.96	0.75	0.92	0.44	0.75	0.34	0.96	0.78	-0.8	0.89	0.99	0.39	0.76	0.94	0.44	-0.29	0.97	0.77

Click cells to compare fundamentals

ChoiceOne Financial Account Relationship Matchups

ChoiceOne Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.9B	2.4B	2.4B	2.6B	2.7B
Short Long Term Debt Total	33.2M	12.4M	85.0M	135.3M	236.2M	248.0M
Other Current Liab	375.7M	787.3M	1.1B	(50M)	1.8B	1.9B
Total Current Liabilities	385.5M	820.3M	1.1B	50M	2.0B	2.1B
Total Stockholder Equity	190.3M	227.3M	221.7M	168.9M	195.6M	205.4M
Property Plant And Equipment Net	23.9M	29.9M	29.9M	28.2M	29.8M	31.2M
Net Debt	(25.4M)	(67.1M)	53.1M	91.3M	180.8M	189.8M
Retained Earnings	28.1M	37.5M	52.3M	68.4M	73.7M	77.4M
Cash	58.6M	79.5M	31.9M	43.9M	55.4M	58.2M
Non Current Assets Total	430.1M	681.4M	1.2B	1.1B	2.5B	2.7B
Non Currrent Assets Other	(2.4M)	(5.6M)	(1.2B)	(1.1B)	2.4B	2.5B
Other Assets	555.6M	584.1M	25.9M	731.3M	841.0M	883.0M
Cash And Short Term Investments	398.2M	654.3M	1.1B	590.8M	(55.4M)	(52.7M)
Common Stock Total Equity	162.6M	178.8M	171.9M	172.3M	198.1M	208.0M
Common Stock Shares Outstanding	4.5M	7.5M	7.7M	7.5M	7.6M	3.9M
Liabilities And Stockholders Equity	1.4B	1.9B	2.4B	2.4B	2.6B	2.7B
Other Stockholder Equity	(1.8M)	24K	(2.6M)	(71.8M)	(64.6M)	(61.4M)
Total Liab	33.2M	12.4M	2.1B	2.2B	2.4B	2.5B
Property Plant And Equipment Gross	24.3M	29.5M	46.2M	46.4M	50.7M	53.2M
Total Current Assets	398.2M	654.3M	1.1B	590.8M	55.6M	52.8M
Short Term Debt	9.8M	33.0M	3.4M	50M	200.3M	210.3M
Common Stock	162.6M	178.8M	171.9M	172.3M	173.5M	182.2M
Non Current Liabilities Total	33.2M	12.4M	85.0M	50M	438.3M	460.2M
Accumulated Other Comprehensive Income	1.5M	11.0M	(2.6M)	(71.8M)	(51.6M)	(49.0M)
Other Current Assets	60.5M	79.8M	32.1M	43.9M	55.6M	52.8M
Other Liab	3.0M	5.7M	5.5M	7.7M	8.9M	4.8M
Accounts Payable	1.2B	1.7B	2.1B	2.1B	2.4B	2.6B
Long Term Debt	33.2M	12.4M	85.0M	85.3M	205.5M	215.8M
Short Term Investments	339.6M	574.8M	1.1B	546.9M	514.6M	305.2M
Inventory	102K	929K	266K	194K	174.6K	165.9K
Intangible Assets	6.0M	5.3M	4.0M	2.8M	1.9M	2.7M
Property Plant Equipment	24.3M	29.9M	29.9M	28.2M	32.5M	18.5M
Net Tangible Assets	133.3M	161.5M	157.8M	106.1M	122.0M	98.8M
Retained Earnings Total Equity	28.1M	37.5M	52.3M	68.4M	78.7M	82.6M
Long Term Investments	342.4M	585.7M	1.1B	972.8M	930.1M	506.0M
Non Current Liabilities Other	39.4M	14.4M	57.7M	63.8M	73.3M	77.0M
Short Long Term Debt	7.1M	36K	37K	50M	30M	22.2M

Pair Trading with ChoiceOne Financial

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 ChoiceOne Financial 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 ChoiceOne Financial will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to ChoiceOne Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChoiceOne Financial 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 ChoiceOne Financial - 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 ChoiceOne Financial Services to buy it.

The correlation of ChoiceOne Financial 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 ChoiceOne Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChoiceOne Financial 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 ChoiceOne Financial 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.

Pair Correlation Correlation Matching

When determining whether ChoiceOne Financial is a strong investment it is important to analyze ChoiceOne Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ChoiceOne Financial's future performance. For an informed investment choice regarding ChoiceOne Stock, refer to the following important reports:

How To Invest In ChoiceOne

Details

Is ChoiceOne Stock a good investment?

Details

What is ChoiceOne Financial's Net Worth?

Details

Largest Banks - Regional Companies

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Largest Financial Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Note that the ChoiceOne Financial information on this page should be used as a complementary analysis to other ChoiceOne Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for ChoiceOne Stock analysis

When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial'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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.

	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
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Is ChoiceOne Financial'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 ChoiceOne Financial. If investors know ChoiceOne 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 ChoiceOne Financial 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

(0.01)

Dividend Share

1.06

Earnings Share

2.81

Revenue Per Share

10.676

Quarterly Revenue Growth

(0.01)

The market value of ChoiceOne Financial is measured differently than its book value, which is the value of ChoiceOne that is recorded on the company's balance sheet. Investors also form their own opinion of ChoiceOne Financial's value that differs from its market value or its book value, called intrinsic value, which is ChoiceOne Financial'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 ChoiceOne Financial's market value can be influenced by many factors that don't directly affect ChoiceOne Financial'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 ChoiceOne Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChoiceOne Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChoiceOne Financial'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.

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ChoiceOne Gross Profit vs Net Income Analysis

Gross Profit vs Net Income

Gross Profit vs Net Income Correlation Analysis

Correlation Coefficient

Gross Profit

Net Income

ChoiceOne Financial fundamental ratios Correlations

ChoiceOne Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ChoiceOne Financial fundamental ratios Accounts

Pair Trading with ChoiceOne Financial

Complementary Tools for ChoiceOne Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Good Will	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Gross	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Total Equity
Accounts Payable	+ 0.99	Property Plant And Equipment Gross

Other Stockholder Equity	- 0.88	Retained Earnings
Other Stockholder Equity	- 0.84	Short Long Term Debt Total
Accounts Payable	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.8	Non Current Assets Total
Property Plant And Equipment Gross	- 0.79	Other Stockholder Equity
Other Stockholder Equity	- 0.79	Net Debt