VOXX Gross Profit Margin vs Return On Assets Analysis
VOXX Stock | USD 5.13 0.52 9.20% |
VOXX International financial indicator trend analysis is much more than just breaking down VOXX International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VOXX International is a good investment. Please check the relationship between VOXX International Gross Profit Margin and its Return On Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VOXX International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy VOXX Stock please use our How to Invest in VOXX International guide.
Gross Profit Margin vs Return On Assets
Gross Profit Margin vs Return On Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VOXX International Gross Profit Margin account and Return On Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between VOXX International's Gross Profit Margin and Return On Assets is 0.15. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Return On Assets in the same time period over historical financial statements of VOXX International, assuming nothing else is changed. The correlation between historical values of VOXX International's Gross Profit Margin and Return On Assets 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 Margin of VOXX International are associated (or correlated) with its Return On Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Return On Assets has no effect on the direction of Gross Profit Margin i.e., VOXX International's Gross Profit Margin and Return On Assets go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Gross Profit Margin
Return On Assets
A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.Most indicators from VOXX International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VOXX International 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 World Market Map to better understand how to build diversified portfolios, which includes a position in VOXX International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy VOXX Stock please use our How to Invest in VOXX International guide.Tax Provision is likely to rise to about 926.1 K in 2024, whereas Selling General Administrative is likely to drop slightly above 68.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 169.5M | 134.3M | 109.8M | 129.1M | Total Revenue | 635.9M | 534.0M | 394.9M | 692.2M |
VOXX International fundamental ratios Correlations
Click cells to compare fundamentals
VOXX International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VOXX International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy VOXX Stock please use our How to Invest in VOXX International guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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When running VOXX International's price analysis, check to measure VOXX International'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 VOXX International is operating at the current time. Most of VOXX International's value examination focuses on studying past and present price action to predict the probability of VOXX International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VOXX International's price. Additionally, you may evaluate how the addition of VOXX International to your portfolios can decrease your overall portfolio volatility.
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Is VOXX International'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 VOXX International. If investors know VOXX 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 VOXX International 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 (0.73) | Earnings Share (1.64) | Revenue Per Share 21.027 | Quarterly Revenue Growth (0.05) | Return On Assets (0.02) |
The market value of VOXX International is measured differently than its book value, which is the value of VOXX that is recorded on the company's balance sheet. Investors also form their own opinion of VOXX International's value that differs from its market value or its book value, called intrinsic value, which is VOXX International'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 VOXX International's market value can be influenced by many factors that don't directly affect VOXX International'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 VOXX International's value and its price as these two are different measures arrived at by different means. Investors typically determine if VOXX International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VOXX International'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.