Encore Cost of Revenue vs Interest Expense Analysis
WIRE Stock | USD 283.60 0.51 0.18% |
Encore Wire financial indicator trend analysis is much more than just examining Encore Wire latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encore Wire is a good investment. Please check the relationship between Encore Wire Cost Of Revenue and its Interest Expense accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. 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. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
Cost Of Revenue vs Interest Expense
Cost of Revenue vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encore Wire Cost of Revenue account and Interest Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Encore Wire's Cost of Revenue and Interest Expense is 0.83. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Encore Wire, assuming nothing else is changed. The correlation between historical values of Encore Wire's Cost of Revenue and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Encore Wire are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Cost of Revenue i.e., Encore Wire's Cost of Revenue and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cost Of Revenue
Cost of Revenue is found on Encore Wire income statement and represents the costs associated with goods and services Encore Wire provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Encore Wire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encore Wire 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. 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. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.At present, Encore Wire's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 867.7M | 1.1B | 655.9M | 688.7M | Total Revenue | 2.6B | 3.0B | 2.6B | 2.7B |
Encore Wire fundamental ratios Correlations
Click cells to compare fundamentals
Encore Wire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Encore Wire fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 883.2M | 966.5M | 1.5B | 2.0B | 2.0B | 2.1B | |
Total Current Liabilities | 75.3M | 93.6M | 154.1M | 144.2M | 160.1M | 168.1M | |
Total Stockholder Equity | 779.1M | 837.7M | 1.3B | 1.8B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 333.2M | 410.8M | 494.9M | 616.6M | 756.9M | 794.7M | |
Net Debt | (231.0M) | (183.1M) | (439.0M) | (730.6M) | (560.6M) | (532.6M) | |
Retained Earnings | 806.9M | 881.3M | 1.4B | 2.1B | 2.5B | 2.6B | |
Accounts Payable | 40.5M | 56.7M | 75.4M | 62.8M | 80.5M | 84.6M | |
Non Current Assets Total | 333.9M | 411.3M | 495.5M | 617.1M | 757.3M | 795.2M | |
Non Currrent Assets Other | (28.0M) | (34.6M) | (36.8M) | (55.4M) | (59.7M) | (62.7M) | |
Net Receivables | 223.1M | 275.8M | 491.1M | 498.8M | 480.1M | 504.1M | |
Common Stock Shares Outstanding | 21.0M | 20.7M | 20.6M | 19.4M | 17.2M | 19.3M | |
Liabilities And Stockholders Equity | 883.2M | 966.5M | 1.5B | 2.0B | 2.0B | 2.1B | |
Non Current Liabilities Total | 28.8M | 35.1M | 37.3M | 55.9M | 60.2M | 43.9M | |
Inventory | 89.7M | 92.3M | 100.8M | 153.2M | 163.7M | 171.9M | |
Other Current Assets | 5.5M | 3.9M | 4.1M | 19.1M | 6.2M | 5.0M | |
Other Stockholder Equity | (28.0M) | (43.8M) | (82.3M) | (319.0M) | (761.2M) | (723.1M) | |
Total Liab | 104.1M | 128.7M | 191.4M | 200.1M | 220.3M | 231.4M | |
Property Plant And Equipment Gross | 333.2M | 694.7M | 760.1M | 897.3M | 1.1B | 1.1B | |
Total Current Assets | 549.2M | 555.1M | 1.0B | 1.4B | 1.2B | 1.3B | |
Cash | 231.0M | 183.1M | 439.0M | 730.6M | 560.6M | 588.7M | |
Cash And Short Term Investments | 231.0M | 183.1M | 439.0M | 730.6M | 560.6M | 588.7M | |
Other Assets | 737K | 553K | 570K | 490K | 563.5K | 559.3K | |
Property Plant Equipment | 333.2M | 410.8M | 494.9M | 616.6M | 709.1M | 744.5M | |
Other Liab | 28.8M | 35.1M | 37.3M | 55.9M | 64.3M | 67.5M | |
Net Tangible Assets | 779.1M | 837.7M | 1.3B | 1.8B | 2.1B | 2.2B | |
Retained Earnings Total Equity | 806.9M | 881.3M | 1.4B | 2.1B | 2.5B | 2.6B | |
Capital Surpluse | 63.0M | 67.9M | 72.8M | 83.6M | 96.2M | 65.1M | |
Deferred Long Term Liab | 28.8M | 35.1M | 37.3M | 55.9M | 64.3M | 67.5M | |
Accumulated Depreciation | (238.5M) | (252.8M) | (266.7M) | (283.9M) | (255.5M) | (268.3M) | |
Net Invested Capital | 779.1M | 837.7M | 1.3B | 1.8B | 1.7B | 1.2B | |
Net Working Capital | 473.9M | 461.5M | 881.0M | 1.3B | 1.1B | 777.1M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. 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. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
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When running Encore Wire's price analysis, check to measure Encore Wire'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 Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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 (0.50) | Dividend Share 0.08 | Earnings Share 21.61 | Revenue Per Share 152.179 | Quarterly Revenue Growth (0.09) |
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.