HNI Gross Profit vs Inventory Turnover Analysis
HNI Stock | USD 41.26 0.18 0.44% |
HNI Corp financial indicator trend analysis is much more than just examining HNI Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HNI Corp is a good investment. Please check the relationship between HNI Corp Gross Profit and its Inventory Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HNI 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 board of governors. For more detail on how to invest in HNI Stock please use our How to Invest in HNI Corp guide.
Gross Profit vs Inventory Turnover
Gross Profit vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HNI Corp Gross Profit account and Inventory Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between HNI Corp's Gross Profit and Inventory Turnover is -0.69. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of HNI Corp, assuming nothing else is changed. The correlation between historical values of HNI Corp's Gross Profit and Inventory Turnover 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 HNI Corp are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Gross Profit i.e., HNI Corp's Gross Profit and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of HNI Corp minus its cost of goods sold. It is profit before HNI 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.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most indicators from HNI Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HNI 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HNI 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 board of governors. For more detail on how to invest in HNI Stock please use our How to Invest in HNI Corp guide.As of now, HNI Corp's Enterprise Value Multiple is decreasing as compared to previous years. The HNI Corp's current Enterprise Value is estimated to increase to about 2.5 B, while Tax Provision is projected to decrease to under 18.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 757.4M | 834.9M | 948.3M | 637.6M | Total Revenue | 2.2B | 2.4B | 2.4B | 1.8B |
HNI Corp fundamental ratios Correlations
Click cells to compare fundamentals
HNI Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HNI Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.4B | 1.5B | 1.4B | 1.9B | 1.0B | |
Short Long Term Debt Total | 257.8M | 254.7M | 274.5M | 300.7M | 578M | 606.9M | |
Other Current Liab | 1.9M | 3.0M | 3.9M | 173.2M | (28.4M) | (27.0M) | |
Total Current Liabilities | 478.7M | 439.0M | 506.4M | 395.1M | 463.7M | 310.5M | |
Total Stockholder Equity | 584.0M | 590.4M | 589.6M | 616.5M | 761.4M | 456.8M | |
Property Plant And Equipment Net | 456.5M | 442.3M | 459.8M | 452.5M | 682.6M | 716.7M | |
Net Debt | 205.8M | 138.6M | 222.3M | 283.3M | 549.1M | 576.6M | |
Retained Earnings | 529.7M | 518.0M | 514.6M | 534M | 523.6M | 395.8M | |
Cash | 52.1M | 116.1M | 52.3M | 17.4M | 28.9M | 53.7M | |
Non Current Assets Total | 923.7M | 922.3M | 974.4M | 945.5M | 1.4B | 1.5B | |
Non Currrent Assets Other | 7.9M | 7.1M | 43.1M | (20.1M) | 58.4M | 69.8M | |
Cash And Short Term Investments | 53.2M | 117.8M | 53.7M | 19.4M | 34.5M | 59.1M | |
Net Receivables | 274.6M | 202.5M | 237.1M | 215.2M | 243.6M | 194.9M | |
Common Stock Shares Outstanding | 43.5M | 43.0M | 44.0M | 42.2M | 45.4M | 44.8M | |
Liabilities And Stockholders Equity | 1.5B | 1.4B | 1.5B | 1.4B | 1.9B | 1.0B | |
Non Current Liabilities Total | 389.4M | 388.3M | 401.5M | 402.6M | 703.3M | 738.5M | |
Inventory | 163.5M | 137.8M | 181.6M | 180.1M | 196.6M | 206.4M | |
Other Current Assets | 37.6M | 37.7M | 51.1M | 54.5M | 61.2M | 36.8M | |
Other Stockholder Equity | 19.8M | 38.7M | 39.2M | 49.1M | 201.5M | 211.6M | |
Total Liab | 868.1M | 827.3M | 907.9M | 797.7M | 1.2B | 1.2B | |
Property Plant And Equipment Gross | 456.5M | 442.3M | 948.7M | 1.0B | 1.3B | 1.4B | |
Total Current Assets | 528.8M | 495.7M | 523.5M | 469.2M | 535.9M | 384.8M | |
Accumulated Other Comprehensive Income | (8.1M) | (9.2M) | (6.8M) | (8M) | (10.6M) | (11.1M) | |
Short Term Debt | 23.6M | 22.4M | 28.8M | 25.3M | 37.8M | 19.0M | |
Accounts Payable | 227.6M | 190.5M | 233.8M | 165.3M | 418.7M | 439.6M | |
Good Will | 270.8M | 292.4M | 297.3M | 305.9M | 441M | 258.1M | |
Common Stock Total Equity | 43.6M | 42.6M | 42.9M | 42.6M | 38.3M | 38.4M | |
Short Term Investments | 1.1M | 1.7M | 1.4M | 2M | 5.6M | 6.4M | |
Common Stock | 42.6M | 42.9M | 42.6M | 41.4M | 46.9M | 38.2M | |
Intangible Assets | 174.9M | 166.5M | 174.2M | 133.9M | 210.8M | 159.0M | |
Other Liab | 155.2M | 156.0M | 155.7M | 127.2M | 146.3M | 93.0M | |
Other Assets | 8.4M | 21.1M | 43.1M | (200K) | (180K) | (171K) | |
Long Term Debt | 174.4M | 174.5M | 174.6M | 188.8M | 428.3M | 449.7M | |
Property Plant Equipment | 381.5M | 366.0M | 459.8M | 452.3M | 520.1M | 369.9M | |
Current Deferred Revenue | 225.6M | 223.1M | 240.0M | 31.3M | 35.6M | 33.8M | |
Net Tangible Assets | 198.1M | 189.3M | 118.1M | 176.7M | 203.2M | 164.5M | |
Noncontrolling Interest In Consolidated Entity | 509K | 326K | 324K | 323K | 371.5K | 302.3K | |
Retained Earnings Total Equity | 504.9M | 529.7M | 518.0M | 514.6M | 591.8M | 446.4M | |
Long Term Debt Total | 174.4M | 174.5M | 182.0M | 196.5M | 226.0M | 204.5M |
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 ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HNI 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 board of governors. For more detail on how to invest in HNI Stock please use our How to Invest in HNI Corp guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for HNI Stock analysis
When running HNI Corp's price analysis, check to measure HNI 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 HNI Corp is operating at the current time. Most of HNI Corp's value examination focuses on studying past and present price action to predict the probability of HNI 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 HNI Corp's price. Additionally, you may evaluate how the addition of HNI Corp to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Content Syndication Quickly integrate customizable finance content to your own investment portal |
Is HNI 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 HNI Corp. If investors know HNI 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 HNI 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 0.213 | Dividend Share 1.28 | Earnings Share 1.09 | Revenue Per Share 54.697 | Quarterly Revenue Growth 0.195 |
The market value of HNI Corp is measured differently than its book value, which is the value of HNI that is recorded on the company's balance sheet. Investors also form their own opinion of HNI Corp's value that differs from its market value or its book value, called intrinsic value, which is HNI 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 HNI Corp's market value can be influenced by many factors that don't directly affect HNI 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 HNI Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if HNI Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HNI 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.