Applovin Income Before Tax vs Gross Profit Analysis
| APP Stock | USD 73.82 4.61 6.66% |
Applovin Corp financial indicator trend analysis is way more than just evaluating Applovin Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Applovin Corp is a good investment. Please check the relationship between Applovin Corp Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applovin Corp. 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. To learn how to invest in Applovin Stock, please use our How to Invest in Applovin Corp guide.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Applovin Corp Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have very week relationship.
The correlation between Applovin Corp's Income Before Tax and Gross Profit is 0.23. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Applovin Corp, assuming nothing else is changed. The correlation between historical values of Applovin Corp's Income Before Tax 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 Income Before Tax of Applovin Corp 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 Income Before Tax i.e., Applovin Corp's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Applovin Corp income statement and is an important metric when analyzing Applovin Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Applovin Corp minus its cost of goods sold. It is profit before Applovin Corp 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 Applovin Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Applovin Corp 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 Applovin Corp. 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. To learn how to invest in Applovin Stock, please use our How to Invest in Applovin Corp guide.At this time, Applovin Corp's Tax Provision is relatively stable compared to the past year. As of 04/29/2024, Enterprise Value is likely to grow to about 24 B, while Selling General Administrative is likely to drop slightly above 130 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 1.6B | 2.2B | 1.6B | Total Revenue | 2.8B | 2.8B | 3.3B | 2.5B |
Applovin Corp fundamental ratios Correlations
Click cells to compare fundamentals
Applovin Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Applovin Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 145.4M | 326.5M | 258.7M | 171.8M | 245.6M | 218.2M | |
| Total Current Liabilities | 238.9M | 598.1M | 640.1M | 579.0M | 944.1M | 570.9M | |
| Other Liab | 29.0M | 47.6M | 120.9M | 79.8M | 91.8M | 62.2M | |
| Net Tangible Assets | (1.2B) | (1.9B) | (537.7M) | (1.6B) | (1.4B) | (1.5B) | |
| Retained Earnings | (887.2M) | (1.0B) | (977.0M) | (1.2B) | (813.0M) | (853.6M) | |
| Accounts Payable | 70.5M | 147.3M | 258.2M | 273.2M | 371.7M | 216.4M | |
| Other Assets | 15.4M | 42.6M | 118.2M | 268.4M | 308.7M | 324.1M | |
| Net Receivables | 161.3M | 297.0M | 514.5M | 702.8M | 953.8M | 504.5M | |
| Other Current Assets | 28.6M | 48.8M | 150.0M | 155.8M | 160.2M | 99.9M | |
| Other Stockholder Equity | 235.2M | 453.7M | 3.2B | 3.2B | 2.1B | 1.7B | |
| Total Current Assets | 586.2M | 663.0M | 3.2B | 1.9B | 1.6B | 1.5B | |
| Property Plant Equipment | 22.8M | 112.9M | 134.6M | 138.9M | 159.8M | 91.9M |
Pair Trading with Applovin Corp
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 Applovin Corp 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 Applovin Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Applovin Stock
| 0.88 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
| 0.87 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
| 0.84 | U | Unity Software Aggressive Push | PairCorr |
| 0.82 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.8 | DMAN | Innovativ Media Group | PairCorr |
The ability to find closely correlated positions to Applovin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applovin Corp 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 Applovin Corp - 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 Applovin Corp to buy it.
The correlation of Applovin Corp 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 Applovin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applovin Corp 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 Applovin Corp 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 Applovin Corp. 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. To learn how to invest in Applovin Stock, please use our How to Invest in Applovin Corp guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Applovin Stock analysis
When running Applovin Corp's price analysis, check to measure Applovin Corp'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 Applovin Corp is operating at the current time. Most of Applovin Corp's value examination focuses on studying past and present price action to predict the probability of Applovin Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applovin Corp's price. Additionally, you may evaluate how the addition of Applovin Corp to your portfolios can decrease your overall portfolio volatility.
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Is Applovin Corp'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 Applovin Corp. If investors know Applovin 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 Applovin Corp 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 3.836 | Earnings Share 0.98 | Revenue Per Share 9.328 | Quarterly Revenue Growth 0.357 | Return On Assets 0.0724 |
The market value of Applovin Corp is measured differently than its book value, which is the value of Applovin that is recorded on the company's balance sheet. Investors also form their own opinion of Applovin Corp's value that differs from its market value or its book value, called intrinsic value, which is Applovin Corp'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 Applovin Corp's market value can be influenced by many factors that don't directly affect Applovin Corp'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 Applovin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applovin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applovin Corp'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.