Standard Gross Profit vs Operating Income Analysis

SMP Stock

USD 32.08 0.17 0.53%

Standard financial indicator trend analysis is much more than just breaking down Standard Motor Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Standard Motor Products is a good investment. Please check the relationship between Standard Gross Profit and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Motor Products. 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.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Standard Motor Products Gross Profit account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Standard's Gross Profit and Operating Income is 0.92. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Standard Motor Products, assuming nothing else is changed. The correlation between historical values of Standard's Gross Profit and Operating Income 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 Standard Motor Products are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Standard's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Standard Motor Products minus its cost of goods sold. It is profit before Standard 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.

Operating Income

Operating Income is the amount of profit realized from Standard Motor Products operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Standard Motor Products is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Standard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Standard Motor Products 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 Standard Motor Products. 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.

At this time, Standard's Tax Provision is relatively stable compared to the past year. As of 04/18/2024, Sales General And Administrative To Revenue is likely to grow to 0.25, while Selling General Administrative is likely to drop slightly above 209.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	376.9M	382.5M	388.8M	255.5M
Total Revenue	1.3B	1.4B	1.4B	850.7M

Gross Profit Total Revenue

Standard fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Intangible Assets	Common Stock Total Equity
Total Assets		0.63	0.73	0.85	0.85	0.68	0.64	0.84	0.49	0.82	0.67	0.49	0.86	0.49	0.59	0.99	-0.1	-0.58	0.98	0.37	0.99	0.26	0.89	0.77	0.87	0.69
Short Long Term Debt Total	0.63		0.67	0.36	0.74	0.88	1.0	0.79	0.56	0.85	0.65	0.56	0.4	-0.08	0.95	0.63	-0.13	-0.88	0.75	0.73	0.6	-0.04	0.35	0.89	0.72	0.31
Other Current Liab	0.73	0.67		0.66	0.88	0.85	0.65	0.87	0.51	0.88	0.7	0.51	0.8	0.24	0.71	0.67	-0.08	-0.65	0.77	0.67	0.73	0.0	0.7	0.84	0.67	0.55
Total Current Liabilities	0.85	0.36	0.66		0.75	0.46	0.37	0.69	0.19	0.67	0.61	0.19	0.84	0.66	0.26	0.85	-0.01	-0.28	0.82	0.13	0.87	0.61	0.94	0.6	0.72	0.7
Total Stockholder Equity	0.85	0.74	0.88	0.75		0.89	0.73	0.99	0.43	0.97	0.65	0.43	0.86	0.35	0.77	0.82	-0.13	-0.7	0.87	0.66	0.85	0.03	0.77	0.91	0.74	0.64
Property Plant And Equipment Net	0.68	0.88	0.85	0.46	0.89		0.87	0.92	0.53	0.96	0.65	0.53	0.6	0.04	0.93	0.65	-0.2	-0.84	0.76	0.9	0.65	-0.2	0.52	0.93	0.66	0.47
Net Debt	0.64	1.0	0.65	0.37	0.73	0.87		0.78	0.52	0.84	0.67	0.52	0.41	-0.05	0.94	0.65	-0.12	-0.86	0.76	0.71	0.62	-0.02	0.35	0.88	0.72	0.33
Retained Earnings	0.84	0.79	0.87	0.69	0.99	0.92	0.78		0.51	0.99	0.59	0.51	0.82	0.2	0.81	0.8	-0.24	-0.8	0.86	0.68	0.82	0.0	0.73	0.96	0.79	0.52
Cash	0.49	0.56	0.51	0.19	0.43	0.53	0.52	0.51		0.5	0.2	1.0	0.3	-0.25	0.54	0.43	-0.2	-0.66	0.51	0.49	0.43	-0.13	0.34	0.61	0.61	0.07
Non Current Assets Total	0.82	0.85	0.88	0.67	0.97	0.96	0.84	0.99	0.5		0.67	0.51	0.76	0.18	0.86	0.79	-0.22	-0.82	0.87	0.75	0.8	0.01	0.7	0.97	0.78	0.54
Non Currrent Assets Other	0.67	0.65	0.7	0.61	0.65	0.65	0.67	0.59	0.2	0.67		0.2	0.57	0.53	0.63	0.69	0.22	-0.4	0.75	0.47	0.71	0.19	0.5	0.56	0.49	0.74
Cash And Short Term Investments	0.49	0.56	0.51	0.19	0.43	0.53	0.52	0.51	1.0	0.51	0.2		0.3	-0.25	0.54	0.42	-0.2	-0.66	0.51	0.5	0.43	-0.13	0.34	0.62	0.61	0.07
Net Receivables	0.86	0.4	0.8	0.84	0.86	0.6	0.41	0.82	0.3	0.76	0.57	0.3		0.53	0.44	0.82	-0.14	-0.45	0.81	0.3	0.88	0.17	0.88	0.68	0.66	0.65
Common Stock Shares Outstanding	0.49	-0.08	0.24	0.66	0.35	0.04	-0.05	0.2	-0.25	0.18	0.53	-0.25	0.53		-0.08	0.53	0.51	0.34	0.43	-0.12	0.58	0.38	0.54	0.01	0.13	0.88
Non Current Liabilities Total	0.59	0.95	0.71	0.26	0.77	0.93	0.94	0.81	0.54	0.86	0.63	0.54	0.44	-0.08		0.58	-0.13	-0.87	0.7	0.85	0.57	-0.32	0.3	0.87	0.6	0.35
Inventory	0.99	0.63	0.67	0.85	0.82	0.65	0.65	0.8	0.43	0.79	0.69	0.42	0.82	0.53	0.58		-0.07	-0.55	0.98	0.33	0.99	0.29	0.87	0.74	0.86	0.71
Other Current Assets	-0.1	-0.13	-0.08	-0.01	-0.13	-0.2	-0.12	-0.24	-0.2	-0.22	0.22	-0.2	-0.14	0.51	-0.13	-0.07		0.51	-0.09	-0.1	0.01	0.05	-0.11	-0.25	-0.3	0.43
Other Stockholder Equity	-0.58	-0.88	-0.65	-0.28	-0.7	-0.84	-0.86	-0.8	-0.66	-0.82	-0.4	-0.66	-0.45	0.34	-0.87	-0.55	0.51		-0.66	-0.68	-0.51	0.17	-0.37	-0.89	-0.72	-0.05
Total Liab	0.98	0.75	0.77	0.82	0.87	0.76	0.76	0.86	0.51	0.87	0.75	0.51	0.81	0.43	0.7	0.98	-0.09	-0.66		0.46	0.97	0.24	0.84	0.84	0.89	0.67
Property Plant And Equipment Gross	0.37	0.73	0.67	0.13	0.66	0.9	0.71	0.68	0.49	0.75	0.47	0.5	0.3	-0.12	0.85	0.33	-0.1	-0.68	0.46		0.34	-0.46	0.21	0.72	0.34	0.36
Total Current Assets	0.99	0.6	0.73	0.87	0.85	0.65	0.62	0.82	0.43	0.8	0.71	0.43	0.88	0.58	0.57	0.99	0.01	-0.51	0.97	0.34		0.27	0.89	0.74	0.82	0.75
Short Term Debt	0.26	-0.04	0.0	0.61	0.03	-0.2	-0.02	0.0	-0.13	0.01	0.19	-0.13	0.17	0.38	-0.32	0.29	0.05	0.17	0.24	-0.46	0.27		0.42	0.03	0.33	0.15
Accounts Payable	0.89	0.35	0.7	0.94	0.77	0.52	0.35	0.73	0.34	0.7	0.5	0.34	0.88	0.54	0.3	0.87	-0.11	-0.37	0.84	0.21	0.89	0.42		0.64	0.77	0.64
Good Will	0.77	0.89	0.84	0.6	0.91	0.93	0.88	0.96	0.61	0.97	0.56	0.62	0.68	0.01	0.87	0.74	-0.25	-0.89	0.84	0.72	0.74	0.03	0.64		0.83	0.38
Intangible Assets	0.87	0.72	0.67	0.72	0.74	0.66	0.72	0.79	0.61	0.78	0.49	0.61	0.66	0.13	0.6	0.86	-0.3	-0.72	0.89	0.34	0.82	0.33	0.77	0.83		0.34
Common Stock Total Equity	0.69	0.31	0.55	0.7	0.64	0.47	0.33	0.52	0.07	0.54	0.74	0.07	0.65	0.88	0.35	0.71	0.43	-0.05	0.67	0.36	0.75	0.15	0.64	0.38	0.34

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Standard Account Relationship Matchups

Standard fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	912.7M	956.5M	1.2B	1.3B	1.3B	673.1M
Short Long Term Debt Total	85.4M	32.7M	159.6M	280.3M	245.2M	257.4M
Other Current Liab	91.5M	192.4M	210.8M	145.2M	196.8M	206.6M
Total Current Liabilities	309.5M	302.6M	476.4M	323.1M	304.3M	234.6M
Total Stockholder Equity	504.2M	550.2M	601.6M	610.0M	635.1M	666.8M
Property Plant And Equipment Net	125.7M	119.1M	143.3M	157.0M	221.9M	233.0M
Net Debt	75.0M	13.2M	137.9M	259.2M	212.7M	223.3M
Retained Earnings	417.4M	463.6M	532.3M	564.2M	573.2M	601.9M
Cash	10.4M	19.5M	21.8M	21.2M	32.5M	17.2M
Non Current Assets Total	363.3M	358.0M	486.8M	492.5M	548.8M	576.3M
Non Currrent Assets Other	18.8M	21.8M	25.4M	27.5M	27.8M	24.8M
Cash And Short Term Investments	10.4M	19.5M	21.8M	21.2M	32.5M	17.4M
Net Receivables	135.5M	198.0M	180.6M	167.6M	160.3M	141.3M
Common Stock Shares Outstanding	22.8M	22.8M	22.6M	22.1M	22.2M	19.3M
Liabilities And Stockholders Equity	912.7M	956.5M	1.2B	1.3B	1.3B	673.1M
Non Current Liabilities Total	99.0M	103.7M	109.0M	310.8M	337.9M	354.8M
Inventory	387.9M	365.1M	491.0M	548.4M	525.3M	273.5M
Other Current Assets	15.6M	15.9M	17.8M	25.2M	26.1M	24.8M
Other Stockholder Equity	47.5M	44.4M	29.6M	10.4M	14.0M	13.3M
Total Liab	408.5M	406.3M	585.3M	633.9M	642.2M	372.4M
Property Plant And Equipment Gross	125.7M	119.1M	102.8M	107.1M	481.6M	505.7M
Total Current Assets	549.4M	598.5M	711.2M	762.4M	744.2M	458.7M
Accumulated Other Comprehensive Income	(8.6M)	(5.7M)	(8.2M)	(12.5M)	(6.0M)	(6.3M)
Short Term Debt	56.9M	10.1M	128.4M	55.0M	5.0M	4.8M
Accounts Payable	92.5M	100.0M	137.2M	89.2M	107.5M	65.1M
Good Will	77.8M	77.8M	131.7M	132.1M	134.7M	141.5M
Intangible Assets	64.9M	54.0M	106.2M	100.5M	92.3M	51.7M
Other Liab	70.5M	81.2M	77.7M	85.5M	98.3M	67.1M
Other Assets	56.1M	137.1M	3K	59.2M	(10K)	(9.5K)
Long Term Debt	129K	97K	21K	184.6M	151.2M	158.7M
Treasury Stock	(53.7M)	(55.2M)	(60.7M)	(75.8M)	(68.2M)	(64.8M)
Property Plant Equipment	89.6M	89.1M	143.3M	107.1M	123.2M	93.7M
Current Deferred Revenue	35.9M	88.7M	68.5M	33.7M	(5.0M)	(4.8M)
Net Tangible Assets	504.2M	550.2M	601.6M	610.0M	701.5M	487.9M
Retained Earnings Total Equity	417.4M	463.6M	532.3M	564.2M	648.9M	382.3M
Capital Surpluse	102.7M	105.1M	105.4M	105.6M	121.5M	105.7M

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When determining whether Standard Motor Products 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 Standard 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 Standard Motor Products Stock. Highlighted below are key reports to facilitate an investment decision about Standard Motor Products Stock:

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What is Standard's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Motor Products. 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.

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 Standard's price analysis, check to measure Standard'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 Standard is operating at the current time. Most of Standard's value examination focuses on studying past and present price action to predict the probability of Standard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard's price. Additionally, you may evaluate how the addition of Standard to your portfolios can decrease your overall portfolio volatility.

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Is Standard'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 Standard. If investors know Standard 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 Standard 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

(0.20)

Dividend Share

1.16

Earnings Share

2.85

Revenue Per Share

62.547

Quarterly Revenue Growth

(0.06)

The market value of Standard Motor Products is measured differently than its book value, which is the value of Standard that is recorded on the company's balance sheet. Investors also form their own opinion of Standard's value that differs from its market value or its book value, called intrinsic value, which is Standard'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 Standard's market value can be influenced by many factors that don't directly affect Standard'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 Standard's value and its price as these two are different measures arrived at by different means. Investors typically determine if Standard is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Standard'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.

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Standard Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Standard fundamental ratios Correlations

Standard Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Standard fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Retained Earnings

Good Will	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.88	Short Long Term Debt Total
Other Stockholder Equity	- 0.87	Non Current Liabilities Total
Other Stockholder Equity	- 0.86	Net Debt
Other Stockholder Equity	- 0.84	Property Plant And Equipment Net
Other Stockholder Equity	- 0.82	Non Current Assets Total