Kennametal Gross Profit vs Net Income Analysis

KMT Stock

USD 24.16 0.46 1.94%

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

For more information on how to buy Kennametal Stock please use our How to Invest in Kennametal guide.

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 Kennametal Gross Profit account and Net Income. At this time, the significance of the direction appears to have weak relationship.

The correlation between Kennametal's Gross Profit and Net Income is 0.35. 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 Kennametal, assuming nothing else is changed. The correlation between historical values of Kennametal'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 Kennametal 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., Kennametal's Gross Profit and Net Income go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Kennametal minus its cost of goods sold. It is profit before Kennametal 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 Kennametal financial statement analysis. It represents the amount of money remaining after all of Kennametal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Kennametal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kennametal 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kennametal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Kennametal Stock please use our How to Invest in Kennametal guide.At this time, Kennametal's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 526.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	648.0M	646.4M	743.4M	656.5M
Total Revenue	2.0B	2.1B	2.4B	1.9B

Gross Profit Total Revenue

Kennametal 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.84	0.89	0.69	0.95	0.74	0.79	0.92	0.43	0.97	0.17	0.42	0.84	0.82	0.93	0.95	0.64	0.95	0.1	0.95	0.27	0.74	0.8	0.79	0.71	0.83
Short Long Term Debt Total	0.84		0.67	0.87	0.64	0.62	0.72	0.61	0.73	0.73	0.13	0.73	0.59	0.65	0.8	0.71	0.57	0.95	-0.03	0.9	0.64	0.62	0.6	0.57	0.44	0.68
Other Current Liab	0.89	0.67		0.58	0.83	0.79	0.78	0.81	0.2	0.88	0.1	0.2	0.83	0.9	0.87	0.92	0.74	0.85	0.11	0.82	0.07	0.7	0.79	0.88	0.49	0.92
Total Current Liabilities	0.69	0.87	0.58		0.49	0.59	0.42	0.45	0.83	0.55	0.15	0.83	0.41	0.63	0.51	0.58	0.66	0.83	0.03	0.82	0.83	0.36	0.42	0.56	0.23	0.65
Total Stockholder Equity	0.95	0.64	0.83	0.49		0.66	0.7	0.98	0.23	0.97	0.16	0.23	0.84	0.74	0.86	0.92	0.52	0.8	0.14	0.84	0.06	0.71	0.8	0.74	0.8	0.73
Property Plant And Equipment Net	0.74	0.62	0.79	0.59	0.66		0.62	0.71	0.28	0.76	0.54	0.28	0.41	0.92	0.67	0.81	0.88	0.73	0.44	0.64	0.2	0.22	0.44	0.78	0.13	0.91
Net Debt	0.79	0.72	0.78	0.42	0.7	0.62		0.7	0.04	0.83	0.17	0.04	0.72	0.64	0.89	0.81	0.48	0.79	0.19	0.66	0.02	0.74	0.74	0.65	0.58	0.66
Retained Earnings	0.92	0.61	0.81	0.45	0.98	0.71	0.7		0.18	0.95	0.2	0.18	0.78	0.75	0.83	0.94	0.5	0.77	0.21	0.8	0.03	0.63	0.75	0.74	0.72	0.73
Cash	0.43	0.73	0.2	0.83	0.23	0.28	0.04	0.18		0.23	0.02	1.0	0.13	0.3	0.27	0.22	0.34	0.59	-0.22	0.64	0.9	0.16	0.13	0.18	0.07	0.32
Non Current Assets Total	0.97	0.73	0.88	0.55	0.97	0.76	0.83	0.95	0.23		0.26	0.23	0.81	0.8	0.92	0.95	0.61	0.87	0.19	0.84	0.1	0.7	0.8	0.77	0.73	0.8
Non Currrent Assets Other	0.17	0.13	0.1	0.15	0.16	0.54	0.17	0.2	0.02	0.26		0.03	-0.16	0.41	0.12	0.21	0.55	0.15	0.82	0.04	0.01	-0.37	-0.08	0.19	-0.1	0.39
Cash And Short Term Investments	0.42	0.73	0.2	0.83	0.23	0.28	0.04	0.18	1.0	0.23	0.03		0.13	0.3	0.27	0.22	0.35	0.59	-0.22	0.64	0.9	0.16	0.13	0.18	0.07	0.32
Net Receivables	0.84	0.59	0.83	0.41	0.84	0.41	0.72	0.78	0.13	0.81	-0.16	0.13		0.63	0.84	0.82	0.41	0.76	-0.08	0.8	-0.05	0.91	0.83	0.75	0.8	0.65
Common Stock Shares Outstanding	0.82	0.65	0.9	0.63	0.74	0.92	0.64	0.75	0.3	0.8	0.41	0.3	0.63		0.76	0.88	0.91	0.81	0.4	0.77	0.14	0.39	0.56	0.92	0.28	1.0
Non Current Liabilities Total	0.93	0.8	0.87	0.51	0.86	0.67	0.89	0.83	0.27	0.92	0.12	0.27	0.84	0.76		0.89	0.55	0.91	0.04	0.85	0.08	0.81	0.8	0.73	0.67	0.78
Inventory	0.95	0.71	0.92	0.58	0.92	0.81	0.81	0.94	0.22	0.95	0.21	0.22	0.82	0.88	0.89		0.68	0.87	0.27	0.86	0.09	0.66	0.75	0.89	0.61	0.88
Other Stockholder Equity	0.64	0.57	0.74	0.66	0.52	0.88	0.48	0.5	0.34	0.61	0.55	0.35	0.41	0.91	0.55	0.68		0.68	0.46	0.62	0.24	0.17	0.36	0.78	0.07	0.92
Total Liab	0.95	0.95	0.85	0.83	0.8	0.73	0.79	0.77	0.59	0.87	0.15	0.59	0.76	0.81	0.91	0.87	0.68		0.04	0.96	0.46	0.71	0.73	0.75	0.55	0.83
Property Plant And Equipment Gross	0.1	-0.03	0.11	0.03	0.14	0.44	0.19	0.21	-0.22	0.19	0.82	-0.22	-0.08	0.4	0.04	0.27	0.46	0.04		-0.03	-0.19	-0.36	-0.05	0.35	-0.07	0.37
Total Current Assets	0.95	0.9	0.82	0.82	0.84	0.64	0.66	0.8	0.64	0.84	0.04	0.64	0.8	0.77	0.85	0.86	0.62	0.96	-0.03		0.47	0.72	0.73	0.75	0.61	0.78
Short Term Debt	0.27	0.64	0.07	0.83	0.06	0.2	0.02	0.03	0.9	0.1	0.01	0.9	-0.05	0.14	0.08	0.09	0.24	0.46	-0.19	0.47		0.04	0.05	0.03	-0.04	0.15
Intangible Assets	0.74	0.62	0.7	0.36	0.71	0.22	0.74	0.63	0.16	0.7	-0.37	0.16	0.91	0.39	0.81	0.66	0.17	0.71	-0.36	0.72	0.04		0.86	0.48	0.79	0.43
Other Current Assets	0.8	0.6	0.79	0.42	0.8	0.44	0.74	0.75	0.13	0.8	-0.08	0.13	0.83	0.56	0.8	0.75	0.36	0.73	-0.05	0.73	0.05	0.86		0.54	0.73	0.58
Accounts Payable	0.79	0.57	0.88	0.56	0.74	0.78	0.65	0.74	0.18	0.77	0.19	0.18	0.75	0.92	0.73	0.89	0.78	0.75	0.35	0.75	0.03	0.48	0.54		0.37	0.91
Good Will	0.71	0.44	0.49	0.23	0.8	0.13	0.58	0.72	0.07	0.73	-0.1	0.07	0.8	0.28	0.67	0.61	0.07	0.55	-0.07	0.61	-0.04	0.79	0.73	0.37		0.29
Common Stock Total Equity	0.83	0.68	0.92	0.65	0.73	0.91	0.66	0.73	0.32	0.8	0.39	0.32	0.65	1.0	0.78	0.88	0.92	0.83	0.37	0.78	0.15	0.43	0.58	0.91	0.29

Click cells to compare fundamentals

Kennametal Account Relationship Matchups

Kennametal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	2.7B	2.6B	2.5B	2.9B	2.1B
Short Long Term Debt Total	1.1B	600.5M	615.6M	595.9M	685.2M	512.0M
Other Current Liab	233.1M	251.4M	236.6M	229.9M	264.4M	168.9M
Total Current Liabilities	898.1M	437.4M	485.6M	434.0M	499.1M	413.1M
Total Stockholder Equity	1.2B	1.3B	1.3B	1.3B	1.5B	1.0B
Property Plant And Equipment Net	1.0B	1.1B	1.0B	969.1M	1.1B	603.9M
Net Debt	487.8M	446.4M	530.0M	489.8M	563.3M	399.4M
Retained Earnings	1.0B	992.6M	1.1B	1.1B	1.3B	707.8M
Cash	606.7M	154.0M	85.6M	106.0M	121.9M	112.6M
Non Current Assets Total	1.6B	1.7B	1.5B	1.5B	1.7B	1.2B
Non Currrent Assets Other	155.4M	208.2M	122.2M	188.7M	217.0M	227.8M
Cash And Short Term Investments	606.7M	154.0M	85.6M	106.0M	121.9M	114.8M
Net Receivables	238.0M	302.9M	295.3M	307.3M	353.4M	298.9M
Common Stock Shares Outstanding	83.0M	84.3M	83.9M	81.4M	93.6M	72.9M
Liabilities And Stockholders Equity	3.0B	2.7B	2.6B	2.5B	2.9B	2.1B
Non Current Liabilities Total	870.7M	860.2M	796.6M	799.1M	919.0M	621.5M
Inventory	522.4M	476.3M	570.8M	557.6M	641.3M	401.8M
Other Stockholder Equity	538.6M	562.8M	494.2M	465.4M	535.2M	477.0M
Total Liab	1.8B	1.3B	1.3B	1.2B	1.4B	1.0B
Property Plant And Equipment Gross	1.1B	1.1B	2.3B	2.4B	2.7B	2.9B
Total Current Assets	1.4B	1.0B	1.0B	1.0B	1.2B	884.6M
Accumulated Other Comprehensive Income	(417.2M)	(330.3M)	(414.0M)	(414.3M)	(372.9M)	(354.3M)
Short Term Debt	500.4M	8.4M	21.2M	689K	792.4K	752.7K
Intangible Assets	132.6M	120.0M	105.7M	93.2M	107.1M	101.8M
Other Current Assets	73.7M	71.5M	72.9M	55.8M	64.2M	61.9M
Accounts Payable	164.6M	177.7M	227.9M	203.3M	233.8M	159.2M
Good Will	270.6M	277.6M	264.2M	269.6M	310.0M	478.6M
Common Stock Total Equity	103.7M	104.5M	101.7M	99.8M	114.8M	88.8M
Common Stock	103.7M	104.5M	101.7M	99.8M	114.8M	88.8M
Other Liab	239.2M	268.1M	202.3M	171.7M	197.5M	213.9M
Other Assets	107.3M	208.2M	176.8M	188.7M	217.0M	227.8M
Long Term Debt	594.1M	592.1M	594.4M	595.2M	684.4M	573.8M
Property Plant Equipment	1.1B	1.1B	1.0B	969.1M	1.1B	798.0M
Net Tangible Assets	826.7M	932.0M	882.6M	1.3B	1.1B	1.0B
Noncontrolling Interest In Consolidated Entity	38.9M	38.6M	38.7M	38.7M	44.5M	36.8M
Retained Earnings Total Equity	1.0B	992.6M	1.1B	1.1B	1.0B	856.5M
Long Term Debt Total	594.1M	592.1M	594.4M	595.2M	684.4M	665.8M
Capital Surpluse	538.6M	562.8M	494.2M	465.4M	535.2M	517.9M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Kennametal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Kennametal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kennametal Stock. Highlighted below are key reports to facilitate an investment decision about Kennametal Stock:

How To Invest In Kennametal

Details

Is Kennametal Stock a good investment?

Details

What is Kennametal's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

View

Largest Tools & Accessories Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kennametal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Kennametal Stock please use our How to Invest in Kennametal guide.

You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Kennametal Stock analysis

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

	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets

Is Kennametal'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 Kennametal. If investors know Kennametal 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 Kennametal 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

0.074

Dividend Share

0.8

Earnings Share

1.51

Revenue Per Share

25.873

Quarterly Revenue Growth

(0)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Kennametal Gross Profit vs Net Income Analysis

Gross Profit vs Net Income

Gross Profit vs Net Income Correlation Analysis

Correlation Coefficient

Gross Profit

Net Income

Kennametal fundamental ratios Correlations

Kennametal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kennametal fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Kennametal Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock Total Equity	+ 1.0	Common Stock Shares Outstanding
Retained Earnings	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Current Assets	+ 0.96	Total Liab

Intangible Assets	- 0.37	Non Currrent Assets Other
Intangible Assets	- 0.36	Property Plant And Equipment Gross
Property Plant And Equipment Gross	- 0.22	Cash And Short Term Investments
Property Plant And Equipment Gross	- 0.22	Cash
Short Term Debt	- 0.19	Property Plant And Equipment Gross
Net Receivables	- 0.16	Non Currrent Assets Other