Sirius Net Income vs Gross Profit Analysis

SIRI Stock  USD 3.88  0.02  0.51%   
Sirius XM financial indicator trend analysis is much more than just breaking down Sirius XM Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sirius XM Holding is a good investment. Please check the relationship between Sirius XM Net Income and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sirius XM Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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 Sirius XM Holding Net Income account and Gross Profit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sirius XM's Net Income and Gross Profit is 0.17. 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 Sirius XM Holding, assuming nothing else is changed. The correlation between historical values of Sirius XM'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 Sirius XM Holding 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., Sirius XM's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sirius XM Holding financial statement analysis. It represents the amount of money remaining after all of Sirius XM Holding 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 Sirius XM Holding minus its cost of goods sold. It is profit before Sirius XM 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 Sirius XM's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sirius XM Holding 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sirius XM Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
The Sirius XM's current Selling General Administrative is estimated to increase to about 577.5 M, while Tax Provision is projected to decrease to under 274.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.4B4.5B4.4B4.6B
Total Revenue8.7B9.0B9.0B9.4B

Sirius XM fundamental ratios Correlations

0.40.97-0.160.970.59-0.180.660.060.990.440.070.630.620.030.690.590.610.740.10.260.740.710.98-0.850.02
0.40.330.010.530.11-0.570.330.840.340.160.840.480.280.260.310.490.160.160.150.30.160.310.42-0.5-0.08
0.970.33-0.260.940.64-0.110.66-0.030.990.44-0.020.570.66-0.060.720.420.650.720.090.250.720.70.96-0.850.02
-0.160.01-0.26-0.22-0.81-0.58-0.680.42-0.26-0.730.440.52-0.810.88-0.740.45-0.80.32-0.51-0.40.32-0.55-0.180.08-0.18
0.970.530.94-0.220.62-0.220.730.170.950.480.180.60.680.010.740.60.650.660.20.40.660.780.97-0.860.11
0.590.110.64-0.810.620.430.95-0.350.650.86-0.37-0.120.98-0.680.970.01.00.150.590.620.150.910.59-0.520.35
-0.18-0.57-0.11-0.58-0.220.430.26-0.79-0.080.41-0.8-0.80.3-0.880.24-0.590.39-0.520.190.09-0.520.18-0.210.430.1
0.660.330.66-0.680.730.950.26-0.10.690.89-0.120.010.96-0.530.970.240.960.190.630.710.190.960.66-0.590.41
0.060.84-0.030.420.17-0.35-0.79-0.1-0.04-0.221.00.52-0.190.63-0.150.53-0.30.14-0.020.150.14-0.070.08-0.26-0.06
0.990.340.99-0.260.950.65-0.080.69-0.040.47-0.030.550.68-0.080.730.450.670.690.090.240.690.730.98-0.83-0.02
0.440.160.44-0.730.480.860.410.89-0.220.47-0.24-0.230.86-0.650.830.060.87-0.030.580.59-0.020.740.43-0.330.37
0.070.84-0.020.440.18-0.37-0.8-0.121.0-0.03-0.240.54-0.210.64-0.170.54-0.320.15-0.050.120.16-0.090.09-0.26-0.08
0.630.480.570.520.6-0.12-0.80.010.520.55-0.230.54-0.050.750.060.71-0.090.88-0.28-0.060.880.140.64-0.77-0.18
0.620.280.66-0.810.680.980.30.96-0.190.680.86-0.21-0.05-0.620.990.060.990.150.580.630.150.910.64-0.580.3
0.030.26-0.060.880.01-0.68-0.88-0.530.63-0.08-0.650.640.75-0.62-0.540.6-0.650.53-0.4-0.290.53-0.40.04-0.22-0.14
0.690.310.72-0.740.740.970.240.97-0.150.730.83-0.170.060.99-0.540.130.980.250.560.640.250.940.7-0.660.31
0.590.490.420.450.60.0-0.590.240.530.450.060.540.710.060.60.130.030.630.110.230.630.30.55-0.550.18
0.610.160.65-0.80.651.00.390.96-0.30.670.87-0.32-0.090.99-0.650.980.030.160.60.640.170.920.61-0.550.35
0.740.160.720.320.660.15-0.520.190.140.69-0.030.150.880.150.530.250.630.16-0.10.091.00.320.71-0.830.03
0.10.150.09-0.510.20.590.190.63-0.020.090.58-0.05-0.280.58-0.40.560.110.6-0.10.81-0.10.60.04-0.160.78
0.260.30.25-0.40.40.620.090.710.150.240.590.12-0.060.63-0.290.640.230.640.090.810.10.750.22-0.390.76
0.740.160.720.320.660.15-0.520.190.140.69-0.020.160.880.150.530.250.630.171.0-0.10.10.330.71-0.830.03
0.710.310.7-0.550.780.910.180.96-0.070.730.74-0.090.140.91-0.40.940.30.920.320.60.750.330.71-0.680.46
0.980.420.96-0.180.970.59-0.210.660.080.980.430.090.640.640.040.70.550.610.710.040.220.710.71-0.86-0.04
-0.85-0.5-0.850.08-0.86-0.520.43-0.59-0.26-0.83-0.33-0.26-0.77-0.58-0.22-0.66-0.55-0.55-0.83-0.16-0.39-0.83-0.68-0.86-0.09
0.02-0.080.02-0.180.110.350.10.41-0.06-0.020.37-0.08-0.180.3-0.140.310.180.350.030.780.760.030.46-0.04-0.09
Click cells to compare fundamentals

Sirius XM Account Relationship Matchups

Sirius XM fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.1B10.3B10.3B10.0B10.4B5.7B
Other Current Liab132.5M164M174M178M165M184.1M
Total Current Liabilities3.3B3.2B3.0B3.0B3.2B1.7B
Total Stockholder Equity(736M)(2.3B)(2.6B)(3.4B)(2.6B)(2.4B)
Property Plant And Equipment Net2.1B2.1B1.8B1.8B2.0B1.3B
Net Debt8.2B8.9B9.1B9.8B9.3B9.8B
Retained Earnings(1.1B)(2.3B)(2.6B)(3.4B)(2.6B)(2.7B)
Accounts Payable1.2B1.2B1.3B1.2B1.3B1.4B
Cash106M71M191M57M216M270.9M
Non Current Assets Total10.1B9.4B9.1B9.0B9.1B4.9B
Non Currrent Assets Other139M405M415M312M338M354.9M
Cash And Short Term Investments106M71M191M57M216M231.6M
Common Stock Shares Outstanding4.6B4.4B4.1B4.0B3.9B3.1B
Liabilities And Stockholders Equity11.1B10.3B10.3B10.0B10.4B5.7B
Non Current Liabilities Total8.6B9.5B9.9B10.4B9.7B10.2B
Other Stockholder Equity395M(19M)(8M)(4M)(4.6M)(4.4M)
Total Liab11.9B12.6B12.9B13.4B12.9B13.6B
Total Current Assets1.0B967M1.2B1.0B1.3B795.0M
Short Long Term Debt Total8.3B9.0B9.2B9.8B9.5B10.0B
Other Current Assets22M20M21M326M346M363.3M
Property Plant And Equipment Gross2.1B2.1B1.8B1.8B5.3B5.5B
Accumulated Other Comprehensive Income(6.2M)8M15M(4M)3M3.2M
Good Will3.8B3.1B3.2B3.2B3.7B3.9B
Intangible Assets3.5B3.3B3.2B3.1B2.9B1.9B
Short Term Debt3.4M48M49M246M551M578.6M
Other Liab294M533M725M816M938.4M985.3M
Other Assets423M1.3B949M459M527.9M532.1M
Long Term Debt7.8B8.5B8.8B9.3B8.7B4.4B
Property Plant Equipment1.6B2.1B2.2B1.8B2.1B1.5B
Current Deferred Revenue1.9B1.7B1.5B1.3B1.2B1.3B
Net Receivables670M672M722M655M709M744.5M
Inventory22.2M11M10M246M282.9M297.0M
Net Tangible Assets(8.0B)(8.7B)(9.0B)(9.7B)(8.7B)(9.1B)
Retained Earnings Total Equity(1.1B)(2.3B)(2.6B)(3.4B)(3.9B)(4.0B)
Long Term Debt Total7.8B8.5B8.8B9.3B10.6B6.6B

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When determining whether Sirius XM Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sirius XM's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sirius Xm Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sirius Xm Holding Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sirius XM Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Sirius XM's price analysis, check to measure Sirius XM'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 Sirius XM is operating at the current time. Most of Sirius XM's value examination focuses on studying past and present price action to predict the probability of Sirius XM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sirius XM's price. Additionally, you may evaluate how the addition of Sirius XM to your portfolios can decrease your overall portfolio volatility.
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Is Sirius XM'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 Sirius XM. If investors know Sirius 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 Sirius XM 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
(0.02)
Dividend Share
0.099
Earnings Share
0.32
Revenue Per Share
2.321
Quarterly Revenue Growth
0.002
The market value of Sirius XM Holding is measured differently than its book value, which is the value of Sirius that is recorded on the company's balance sheet. Investors also form their own opinion of Sirius XM's value that differs from its market value or its book value, called intrinsic value, which is Sirius XM'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 Sirius XM's market value can be influenced by many factors that don't directly affect Sirius XM'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 Sirius XM's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sirius XM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sirius XM'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.