Red Gross Profit vs Ebit Analysis
| RDVT Stock | USD 16.99 0.01 0.06% |
Red Violet financial indicator trend analysis is much more than just breaking down Red Violet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Violet is a good investment. Please check the relationship between Red Violet Gross Profit and its Ebit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.
Gross Profit vs Ebit
Gross Profit vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Violet Gross Profit account and Ebit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Red Violet's Gross Profit and Ebit is 0.81. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Ebit in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Gross Profit and Ebit 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 Red Violet are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Gross Profit i.e., Red Violet's Gross Profit and Ebit go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Red Violet minus its cost of goods sold. It is profit before Red Violet 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.Ebit
Most indicators from Red Violet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Violet 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.At this time, Red Violet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 24.14 in 2024, despite the fact that Tax Provision is likely to grow to (9.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 32.8M | 41.1M | 47.1M | 49.5M | Total Revenue | 44.0M | 53.3M | 60.2M | 31.3M |
Red Violet fundamental ratios Correlations
Click cells to compare fundamentals
Red Violet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Violet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 48.9M | 52.0M | 74.4M | 77.4M | 93.0M | 54.1M | |
| Other Current Liab | 1.6M | 1.5M | 395K | 1.8M | 2.0M | 1.6M | |
| Total Current Liabilities | 4.3M | 5.0M | 3.5M | 5.4M | 4.9M | 4.7M | |
| Total Stockholder Equity | 42.1M | 43.3M | 69.4M | 71.1M | 86.1M | 48.1M | |
| Net Tangible Assets | 12.8M | 10.9M | 36.0M | 34.2M | 39.4M | 41.3M | |
| Retained Earnings | (15.9M) | (22.7M) | (22.0M) | (21.4M) | (7.9M) | (8.3M) | |
| Accounts Payable | 2.1M | 2.1M | 1.6M | 2.2M | 1.6M | 1.7M | |
| Cash | 11.8M | 13.0M | 34.3M | 31.8M | 32.0M | 16.3M | |
| Non Current Assets Total | 32.8M | 35.3M | 35.8M | 39.3M | 52.7M | 32.1M | |
| Non Currrent Assets Other | 289K | 139K | 137K | 601K | 146K | 138.7K | |
| Other Assets | 289K | 2.3M | 74.4M | 601K | 691.2K | 656.6K | |
| Cash And Short Term Investments | 11.8M | 13.0M | 34.3M | 31.8M | 32.0M | 16.3M | |
| Net Receivables | 3.5M | 3.2M | 3.7M | 5.5M | 7.1M | 7.5M | |
| Common Stock Total Equity | 10K | 12K | 13K | 14K | 16.1K | 8.5K | |
| Retained Earnings Total Equity | (15.9M) | (22.7M) | (22.0M) | (21.4M) | (19.3M) | (18.3M) | |
| Common Stock Shares Outstanding | 10.8M | 11.9M | 13.4M | 14.1M | 14.1M | 11.6M | |
| Liabilities And Stockholders Equity | 48.9M | 52.0M | 74.4M | 77.4M | 93.0M | 52.5M | |
| Non Current Liabilities Total | 2.5M | 3.6M | 1.5M | 885K | 2.0M | 1.4M | |
| Capital Surpluse | 59.2M | 66.0M | 91.4M | 92.5M | 106.4M | 111.7M | |
| Capital Lease Obligations | 3.0M | 2.5M | 1.9M | 1.3M | 2.6M | 1.4M | |
| Other Current Assets | 722K | 581K | 599K | 771K | 1.1M | 740.7K | |
| Other Stockholder Equity | 57.9M | 66.0M | 91.4M | 92.5M | 94.0M | 59.8M | |
| Total Liab | 6.8M | 8.6M | 4.9M | 6.3M | 6.9M | 6.0M | |
| Property Plant And Equipment Gross | 3.3M | 2.7M | 2.2M | 1.8M | 4.4M | 4.6M | |
| Total Current Assets | 16.0M | 16.7M | 38.6M | 38.1M | 40.3M | 20.6M | |
| Non Current Liabilities Other | 2.5M | 1.9M | 1.3M | 598K | 687.7K | 863.8K | |
| Short Term Debt | 491K | 1.0M | 617K | 692K | 569K | 411.9K | |
| Intangible Assets | 24.0M | 27.2M | 28.2M | 31.6M | 34.4M | 23.8M | |
| Common Stock | 10K | 12K | 13K | 14K | 12.6K | 12.0K | |
| Property Plant Equipment | 3.3M | 558K | 577K | 709K | 638.1K | 873.9K | |
| Property Plant And Equipment Net | 3.3M | 2.7M | 2.2M | 1.8M | 3.0M | 2.2M | |
| Current Deferred Revenue | 128K | 504K | 841K | 670K | 690K | 408.7K | |
| Net Debt | (8.8M) | (8.3M) | (32.4M) | (30.5M) | (29.5M) | (28.0M) | |
| Net Invested Capital | 42.1M | 45.5M | 69.4M | 71.1M | 86.1M | 57.9M | |
| Net Working Capital | 11.7M | 11.7M | 35.1M | 32.7M | 35.4M | 20.6M |
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 Red Violet 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, Red Violet's short interest history, or implied volatility extrapolated from Red Violet options trading.
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When determining whether Red Violet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Red Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Red Violet Stock. Highlighted below are key reports to facilitate an investment decision about Red Violet Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Red Violet's price analysis, check to measure Red Violet'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 Red Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to predict the probability of Red Violet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Violet's price. Additionally, you may evaluate how the addition of Red Violet to your portfolios can decrease your overall portfolio volatility.
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Is Red Violet'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 Red Violet. If investors know Red 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 Red Violet 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 4.438 | Earnings Share 0.96 | Revenue Per Share 4.308 | Quarterly Revenue Growth 0.152 | Return On Assets 0.0184 |
The market value of Red Violet is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Violet's value that differs from its market value or its book value, called intrinsic value, which is Red Violet'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 Red Violet's market value can be influenced by many factors that don't directly affect Red Violet'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 Red Violet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Violet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Violet'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.