Encore Gross Profit vs Interest Expense Analysis

WIRE Stock

USD 282.41 1.19 0.42%

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 Gross Profit 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.

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encore Wire Gross Profit account and Interest Expense. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Encore Wire's Gross Profit and Interest Expense is 0.82. Overlapping area represents the amount of variation of Gross Profit 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 Gross Profit 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 Gross Profit 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 Gross Profit i.e., Encore Wire's Gross Profit and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Gross Profit

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

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

Gross Profit Total Revenue

Encore Wire 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	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	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	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock	Other Assets
Total Assets		0.56	0.98	0.98	1.0	0.98	-0.97	0.98	0.94	0.98	-0.93	0.97	-0.54	0.93	0.93	0.42	-0.85	0.99	0.97	0.99	0.55	0.97	0.97	0.62	0.52	-0.12
Short Long Term Debt Total	0.56		0.59	0.57	0.55	0.59	-0.41	0.52	0.56	0.59	-0.46	0.63	-0.98	0.59	0.74	0.29	-0.25	0.58	0.5	0.53	1.0	0.41	0.41	0.9	0.98	0.16
Other Current Liab	0.98	0.59		0.98	0.98	0.95	-0.95	0.95	0.94	0.95	-0.88	0.99	-0.57	0.9	0.91	0.4	-0.78	0.98	0.94	0.98	0.58	0.95	0.95	0.64	0.55	-0.08
Total Current Liabilities	0.98	0.57	0.98		0.97	0.97	-0.93	0.95	0.98	0.97	-0.89	0.98	-0.55	0.89	0.9	0.33	-0.81	0.99	0.97	0.97	0.56	0.93	0.93	0.63	0.53	-0.09
Total Stockholder Equity	1.0	0.55	0.98	0.97		0.98	-0.97	0.98	0.94	0.98	-0.93	0.97	-0.54	0.93	0.93	0.43	-0.85	0.99	0.97	0.99	0.55	0.98	0.98	0.62	0.51	-0.13
Property Plant And Equipment Net	0.98	0.59	0.95	0.97	0.98		-0.91	0.98	0.96	1.0	-0.94	0.93	-0.56	0.93	0.95	0.32	-0.87	0.99	0.98	0.95	0.58	0.92	0.92	0.66	0.53	-0.09
Net Debt	-0.97	-0.41	-0.95	-0.93	-0.97	-0.91		-0.94	-0.87	-0.91	0.89	-0.93	0.41	-0.9	-0.85	-0.48	0.82	-0.93	-0.91	-0.98	-0.4	-1.0	-1.0	-0.5	-0.39	0.19
Retained Earnings	0.98	0.52	0.95	0.95	0.98	0.98	-0.94		0.92	0.98	-0.92	0.93	-0.48	0.91	0.93	0.37	-0.92	0.97	0.97	0.97	0.52	0.95	0.95	0.6	0.45	-0.12
Accounts Payable	0.94	0.56	0.94	0.98	0.94	0.96	-0.87	0.92		0.96	-0.87	0.94	-0.55	0.85	0.87	0.25	-0.8	0.98	0.96	0.92	0.56	0.87	0.87	0.63	0.53	-0.08
Non Current Assets Total	0.98	0.59	0.95	0.97	0.98	1.0	-0.91	0.98	0.96		-0.94	0.93	-0.56	0.93	0.95	0.32	-0.87	0.99	0.98	0.95	0.58	0.92	0.92	0.66	0.53	-0.09
Non Currrent Assets Other	-0.93	-0.46	-0.88	-0.89	-0.93	-0.94	0.89	-0.92	-0.87	-0.94		-0.85	0.45	-0.91	-0.88	-0.25	0.82	-0.92	-0.93	-0.9	-0.45	-0.9	-0.9	-0.54	-0.42	0.29
Net Receivables	0.97	0.63	0.99	0.98	0.97	0.93	-0.93	0.93	0.94	0.93	-0.85		-0.61	0.88	0.89	0.42	-0.76	0.97	0.93	0.97	0.62	0.93	0.93	0.67	0.6	-0.1
Common Stock Shares Outstanding	-0.54	-0.98	-0.57	-0.55	-0.54	-0.56	0.41	-0.48	-0.55	-0.56	0.45	-0.61		-0.62	-0.72	-0.36	0.19	-0.57	-0.48	-0.52	-0.98	-0.4	-0.4	-0.92	-0.99	-0.19
Non Current Liabilities Total	0.93	0.59	0.9	0.89	0.93	0.93	-0.9	0.91	0.85	0.93	-0.91	0.88	-0.62		0.92	0.47	-0.76	0.92	0.91	0.91	0.59	0.89	0.89	0.73	0.57	-0.03
Inventory	0.93	0.74	0.91	0.9	0.93	0.95	-0.85	0.93	0.87	0.95	-0.88	0.89	-0.72	0.92		0.42	-0.74	0.92	0.89	0.91	0.74	0.86	0.86	0.77	0.69	0.01
Other Current Assets	0.42	0.29	0.4	0.33	0.43	0.32	-0.48	0.37	0.25	0.32	-0.25	0.42	-0.36	0.47	0.42		-0.23	0.35	0.31	0.46	0.3	0.46	0.46	0.28	0.33	0.35
Other Stockholder Equity	-0.85	-0.25	-0.78	-0.81	-0.85	-0.87	0.82	-0.92	-0.8	-0.87	0.82	-0.76	0.19	-0.76	-0.74	-0.23		-0.83	-0.89	-0.82	-0.25	-0.83	-0.83	-0.4	-0.14	0.14
Total Liab	0.99	0.58	0.98	0.99	0.99	0.99	-0.93	0.97	0.98	0.99	-0.92	0.97	-0.57	0.92	0.92	0.35	-0.83		0.98	0.97	0.58	0.94	0.94	0.65	0.54	-0.08
Property Plant And Equipment Gross	0.97	0.5	0.94	0.97	0.97	0.98	-0.91	0.97	0.96	0.98	-0.93	0.93	-0.48	0.91	0.89	0.31	-0.89	0.98		0.95	0.5	0.92	0.92	0.59	0.45	-0.12
Total Current Assets	0.99	0.53	0.98	0.97	0.99	0.95	-0.98	0.97	0.92	0.95	-0.9	0.97	-0.52	0.91	0.91	0.46	-0.82	0.97	0.95		0.53	0.99	0.99	0.59	0.5	-0.14
Short Term Debt	0.55	1.0	0.58	0.56	0.55	0.58	-0.4	0.52	0.56	0.58	-0.45	0.62	-0.98	0.59	0.74	0.3	-0.25	0.58	0.5	0.53		0.4	0.4	0.9	0.98	0.16
Cash	0.97	0.41	0.95	0.93	0.98	0.92	-1.0	0.95	0.87	0.92	-0.9	0.93	-0.4	0.89	0.86	0.46	-0.83	0.94	0.92	0.99	0.4		1.0	0.49	0.38	-0.19
Cash And Short Term Investments	0.97	0.41	0.95	0.93	0.98	0.92	-1.0	0.95	0.87	0.92	-0.9	0.93	-0.4	0.89	0.86	0.46	-0.83	0.94	0.92	0.99	0.4	1.0		0.49	0.38	-0.19
Common Stock Total Equity	0.62	0.9	0.64	0.63	0.62	0.66	-0.5	0.6	0.63	0.66	-0.54	0.67	-0.92	0.73	0.77	0.28	-0.4	0.65	0.59	0.59	0.9	0.49	0.49		0.89	0.1
Common Stock	0.52	0.98	0.55	0.53	0.51	0.53	-0.39	0.45	0.53	0.53	-0.42	0.6	-0.99	0.57	0.69	0.33	-0.14	0.54	0.45	0.5	0.98	0.38	0.38	0.89		0.15
Other Assets	-0.12	0.16	-0.08	-0.09	-0.13	-0.09	0.19	-0.12	-0.08	-0.09	0.29	-0.1	-0.19	-0.03	0.01	0.35	0.14	-0.08	-0.12	-0.14	0.16	-0.19	-0.19	0.1	0.15

Click cells to compare fundamentals

Encore Wire Account Relationship Matchups

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

Encore Wire Investors Sentiment

The influence of Encore Wire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Encore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Encore Wire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Encore Wire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.

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 Encore Wire 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, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.

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.

S	SentinelOne
GM	General Motors
V	Visa Class A

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:

How To Invest In Encore

Details

Is Encore Stock a good investment?

Details

What is Encore Wire's Net Worth?

Details

Largest Electrical Components & Equipment Companies

View

Largest Electrical Equipment & Parts Companies

View

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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Encore Stock analysis

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.

	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	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
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Encore Gross Profit vs Interest Expense Analysis

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

Correlation Coefficient

Gross Profit

Interest Expense

Encore Wire fundamental ratios Correlations

Encore Wire Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Encore Wire fundamental ratios Accounts

Encore Wire Investors Sentiment

Also Currently Popular

Complementary Tools for Encore Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Common Stock	- 0.99	Common Stock Shares Outstanding
Short Term Debt	- 0.98	Common Stock Shares Outstanding
Total Current Assets	- 0.98	Net Debt
Common Stock Shares Outstanding	- 0.98	Short Long Term Debt Total