Telefonaktiebolaget Gross Profit vs Total Revenue Analysis
ERIC Stock | USD 5.18 0.06 1.15% |
Telefonaktiebolaget financial indicator trend analysis is much more than just breaking down Telefonaktiebolaget prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telefonaktiebolaget is a good investment. Please check the relationship between Telefonaktiebolaget Gross Profit and its Total Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Gross Profit vs Total Revenue
Gross Profit vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Telefonaktiebolaget Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Telefonaktiebolaget's Gross Profit and Total Revenue is 0.88. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Telefonaktiebolaget LM Ericsson, assuming nothing else is changed. The correlation between historical values of Telefonaktiebolaget's Gross Profit and Total Revenue 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 Telefonaktiebolaget LM Ericsson are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Telefonaktiebolaget's Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Telefonaktiebolaget LM Ericsson minus its cost of goods sold. It is profit before Telefonaktiebolaget 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.Total Revenue
Total revenue comprises all receipts Telefonaktiebolaget generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Telefonaktiebolaget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Telefonaktiebolaget 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 Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At present, Telefonaktiebolaget's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 9.81, whereas Selling General Administrative is forecasted to decline to about 29.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 100.7B | 113.3B | 104.4B | 66.2B | Total Revenue | 232.3B | 271.5B | 263.4B | 177.7B |
Telefonaktiebolaget fundamental ratios Correlations
Click cells to compare fundamentals
Telefonaktiebolaget Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Telefonaktiebolaget fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 276.4B | 271.5B | 305.6B | 349.5B | 310.1B | 209.3B | |
Short Long Term Debt Total | 47.6B | 39.5B | 41.1B | 42.2B | 54.3B | 28.6B | |
Other Current Liab | 45.6B | 45.8B | 46.6B | 56.5B | 47.3B | 38.0B | |
Total Current Liabilities | 116.8B | 114.3B | 127.0B | 145.6B | 129.4B | 78.6B | |
Total Stockholder Equity | 82.6B | 86.7B | 108.8B | 134.8B | 98.7B | 85.7B | |
Property Plant And Equipment Net | 22.3B | 21.4B | 21.5B | 22.1B | 18.5B | 14.8B | |
Net Debt | 2.5B | (4.2B) | (12.9B) | 3.9B | 19.1B | 20.1B | |
Retained Earnings | 38.9B | 48.0B | 66.9B | 85.2B | 50.5B | 52.4B | |
Cash | 45.1B | 43.6B | 54.1B | 38.3B | 35.2B | 28.2B | |
Non Current Assets Total | 122.5B | 121.7B | 130.8B | 175.7B | 155.2B | 162.9B | |
Non Currrent Assets Other | 2.3B | 1.2B | 568M | 415M | 4.7B | 3.6B | |
Cash And Short Term Investments | 51.8B | 50.4B | 67.0B | 47.1B | 44.8B | 47.3B | |
Net Receivables | 71.2B | 71.3B | 72.7B | 80.9B | 71.5B | 62.0B | |
Common Stock Shares Outstanding | 3.3B | 3.3B | 3.3B | 3.3B | 3.3B | 2.7B | |
Liabilities And Stockholders Equity | 276.4B | 271.5B | 305.6B | 349.5B | 310.1B | 209.3B | |
Non Current Liabilities Total | 77.7B | 72.0B | 71.6B | 70.6B | 83.3B | 43.8B | |
Inventory | 30.9B | 28.1B | 35.2B | 45.8B | 36.2B | 24.3B | |
Other Current Assets | 1.4B | 1.9B | 2.3B | 2.5B | 2.6B | 4.6B | |
Total Liab | 194.5B | 186.4B | 198.5B | 216.2B | 212.7B | 122.4B | |
Property Plant And Equipment Gross | 22.3B | 21.4B | 21.5B | 22.1B | 66.2B | 69.5B | |
Total Current Assets | 153.9B | 149.8B | 174.8B | 173.8B | 155.0B | 139.7B | |
Accumulated Other Comprehensive Income | 2.3B | (2.7B) | 454M | 8.2B | 6.8B | 7.1B | |
Short Term Debt | 11.7B | 10.1B | 11.8B | 8.5B | 19.9B | 20.9B | |
Accounts Payable | 30.4B | 32.0B | 35.7B | 38.4B | 27.8B | 21.6B | |
Current Deferred Revenue | 29.0B | 26.4B | 32.8B | 42.3B | 34.4B | 23.4B | |
Intangible Assets | 6.5B | 8.7B | 7.4B | 30.0B | 27.3B | 15.8B | |
Other Liab | 41.8B | 42.7B | 42.2B | 36.8B | 42.4B | 44.5B | |
Long Term Debt | 28.3B | 22.2B | 22.2B | 26.9B | 29.2B | 30.7B | |
Good Will | 31.2B | 34.9B | 38.2B | 84.6B | 52.9B | 28.7B | |
Short Term Investments | 6.8B | 6.8B | 12.9B | 8.7B | 9.6B | 9.1B | |
Property Plant Equipment | 22.3B | 21.4B | 21.5B | 22.1B | 25.4B | 26.7B | |
Other Assets | 37.5B | 31.4B | 33.4B | 30.4B | 34.8B | 36.5B | |
Deferred Long Term Liab | 4.0B | 3.9B | 3.5B | 3.7B | 4.3B | 3.9B | |
Long Term Investments | 31.2B | 30.5B | 40.6B | 19.2B | 20.9B | 23.6B | |
Short Long Term Debt | 9.4B | 7.9B | 9.6B | 6.0B | 17.7B | 18.5B | |
Net Tangible Assets | 48.9B | 46.9B | 66.7B | 23.9B | 27.5B | 47.5B |
Pair Trading with Telefonaktiebolaget
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 Telefonaktiebolaget 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 Telefonaktiebolaget will appreciate offsetting losses from the drop in the long position's value.Moving against Telefonaktiebolaget Stock
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The ability to find closely correlated positions to Telefonaktiebolaget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telefonaktiebolaget 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 Telefonaktiebolaget - 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 Telefonaktiebolaget LM Ericsson to buy it.
The correlation of Telefonaktiebolaget 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 Telefonaktiebolaget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telefonaktiebolaget 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 Telefonaktiebolaget 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 Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Telefonaktiebolaget's price analysis, check to measure Telefonaktiebolaget'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 Telefonaktiebolaget is operating at the current time. Most of Telefonaktiebolaget's value examination focuses on studying past and present price action to predict the probability of Telefonaktiebolaget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telefonaktiebolaget's price. Additionally, you may evaluate how the addition of Telefonaktiebolaget to your portfolios can decrease your overall portfolio volatility.
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Is Telefonaktiebolaget'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 Telefonaktiebolaget. If investors know Telefonaktiebolaget 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 Telefonaktiebolaget 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 0.707 | Dividend Share 2.7 | Earnings Share (0.70) | Revenue Per Share 76.307 | Quarterly Revenue Growth (0.15) |
The market value of Telefonaktiebolaget is measured differently than its book value, which is the value of Telefonaktiebolaget that is recorded on the company's balance sheet. Investors also form their own opinion of Telefonaktiebolaget's value that differs from its market value or its book value, called intrinsic value, which is Telefonaktiebolaget'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 Telefonaktiebolaget's market value can be influenced by many factors that don't directly affect Telefonaktiebolaget'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 Telefonaktiebolaget's value and its price as these two are different measures arrived at by different means. Investors typically determine if Telefonaktiebolaget is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Telefonaktiebolaget'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.