Electromed Net Income vs Gross Profit Analysis
ELMD Stock | USD 16.18 0.55 3.29% |
Electromed financial indicator trend analysis is much more than just examining Electromed latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electromed is a good investment. Please check the relationship between Electromed Net Income and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. 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 information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electromed Net Income account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Electromed's Net Income and Gross Profit is 0.83. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Electromed, assuming nothing else is changed. The correlation between historical values of Electromed's Net Income 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 Net Income of Electromed 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 Net Income i.e., Electromed's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Electromed financial statement analysis. It represents the amount of money remaining after all of Electromed operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Electromed minus its cost of goods sold. It is profit before Electromed 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 Electromed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electromed 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. 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 information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.At present, Electromed's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 17.06, whereas Tax Provision is forecasted to decline to about 954.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 25K | 78K | 89.7K | 85.2K | Depreciation And Amortization | 628K | 613K | 705.0K | 669.7K |
Electromed fundamental ratios Correlations
Click cells to compare fundamentals
Electromed Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electromed fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.2M | 37.1M | 41.4M | 45.8M | 52.7M | 26.4M | |
Short Long Term Debt Total | 81.2K | 87K | 41K | 161K | 144.9K | 137.7K | |
Other Current Liab | 2.4M | 4.0M | (1.5B) | 6.7M | 6.0M | 6.3M | |
Total Current Liabilities | 3.0M | 4.6M | 7.2M | 8.1M | 9.3M | 9.7M | |
Total Stockholder Equity | 30.2M | 32.4M | 34.2M | 37.7M | 43.3M | 45.5M | |
Property Plant And Equipment Net | 3.9M | 3.7M | 4.7M | 5.7M | 6.5M | 3.9M | |
Net Debt | (10.4M) | (11.8M) | (8.1M) | (7.2M) | (6.5M) | (6.2M) | |
Retained Earnings | 13.7M | 14.9M | 15.8M | 18.8M | 21.6M | 22.7M | |
Accounts Payable | 555.5K | 685K | 1.3M | 1.4M | 1.6M | 795.8K | |
Cash | 10.5M | 11.9M | 8.2M | 7.4M | 8.5M | 5.3M | |
Non Current Assets Total | 5.2M | 5.4M | 6.8M | 8.0M | 9.2M | 5.4M | |
Non Currrent Assets Other | 80.2K | 88K | 120M | 161K | 185.2K | 175.9K | |
Other Assets | 755K | 1.1M | 1.5M | 1.6M | 1.8M | 1.9M | |
Cash And Short Term Investments | 10.5M | 11.9M | 8.2M | 7.4M | 8.5M | 5.3M | |
Net Receivables | 14.1M | 17.4M | 21.3M | 24.6M | 28.3M | 29.7M | |
Common Stock Total Equity | 84.1K | 85.7K | 85K | 86K | 98.9K | 86.6K | |
Common Stock Shares Outstanding | 8.8M | 8.9M | 8.8M | 8.7M | 10.0M | 8.8M | |
Liabilities And Stockholders Equity | 33.2M | 37.1M | 41.4M | 45.8M | 52.7M | 26.4M | |
Non Current Liabilities Total | 8.9K | 54K | 41K | 86K | 77.4K | 73.5K | |
Inventory | 3.1M | 2.1M | 3.2M | 4.2M | 4.9M | 2.5M | |
Other Current Assets | 353.3K | 276K | 2.2M | 1.6M | 1.8M | 1.9M | |
Other Stockholder Equity | 16.5M | 17.4M | 18.3M | 18.8M | 21.6M | 16.1M | |
Total Liab | 3.0M | 4.7M | 7.2M | 8.1M | 9.4M | 5.4M | |
Property Plant And Equipment Gross | 3.8M | 3.6M | 4.7M | 5.7M | 6.5M | 3.9M | |
Total Current Assets | 28.0M | 31.7M | 34.5M | 37.8M | 43.5M | 45.6M | |
Short Term Debt | 30.3K | 72.3K | 33K | 80K | 72K | 68.4K | |
Intangible Assets | 598.4K | 663K | 599K | 605K | 544.5K | 517.3K | |
Common Stock | 84.1K | 85.7K | 85K | 86K | 98.9K | 86.6K | |
Property Plant Equipment | 3.9M | 3.6M | 4.6M | 5.7M | 6.5M | 3.9M | |
Current Deferred Revenue | (72.3K) | (33K) | 1.5B | (80K) | (92K) | (87.4K) | |
Net Tangible Assets | 29.7M | 31.8M | 33.6M | 37.1M | 42.6M | 24.2M | |
Retained Earnings Total Equity | 13.7M | 14.9M | 15.8M | 18.8M | 21.6M | 22.7M | |
Capital Surpluse | 16.5M | 17.4M | 18.3M | 18.8M | 21.6M | 16.7M | |
Net Invested Capital | 30.2M | 32.4M | 34.2M | 37.7M | 43.3M | 32.0M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Electromed in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Electromed's short interest history, or implied volatility extrapolated from Electromed options trading.
Pair Trading with Electromed
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 Electromed 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 Electromed will appreciate offsetting losses from the drop in the long position's value.Moving together with Electromed Stock
0.75 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
Moving against Electromed Stock
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The ability to find closely correlated positions to Electromed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electromed 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 Electromed - 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 Electromed to buy it.
The correlation of Electromed 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 Electromed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electromed 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 Electromed 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. 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 information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Electromed Stock analysis
When running Electromed's price analysis, check to measure Electromed'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 Electromed is operating at the current time. Most of Electromed's value examination focuses on studying past and present price action to predict the probability of Electromed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electromed's price. Additionally, you may evaluate how the addition of Electromed to your portfolios can decrease your overall portfolio volatility.
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Is Electromed'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 Electromed. If investors know Electromed 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 Electromed 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 0.727 | Earnings Share 0.46 | Revenue Per Share 6.072 | Quarterly Revenue Growth 0.167 | Return On Assets 0.0721 |
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed'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 Electromed's market value can be influenced by many factors that don't directly affect Electromed'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 Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed'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.