Innovative Gross Profit from 2010 to 2024

IIPR Stock

USD 109.02 0.15 0.14%

Innovative Industrial Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to grow to about 298.8 M this year. Gross Profit is the profit Innovative Industrial Properties makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2016-03-31

Previous Quarter

55.5 M

Current Value

69.2 M

Quarterly Volatility

27.7 M

Yuan Drop

Covid

Check Innovative Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Innovative Industrial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 38.1 M, Interest Expense of 8.3 M or Selling General Administrative of 45 M, as well as many indicators such as Price To Sales Ratio of 8.66, Dividend Yield of 0.076 or PTB Ratio of 1.35. Innovative financial statements analysis is a perfect complement when working with Innovative Industrial Valuation or Volatility modules.

Check out the analysis of Innovative Industrial Correlation against competitors.

Latest Innovative Industrial's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Innovative Industrial Properties over the last few years. Gross profit is a required income statement account that reflects total revenue of Innovative Industrial Properties minus its cost of goods sold. It is profit before Innovative Industrial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Innovative Industrial's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Innovative Industrial's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 265.84 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Innovative Gross Profit Regression Statistics

	Arithmetic Mean	83,956,444
	Geometric Mean	18,964,435
	Coefficient Of Variation	138.81
	Mean Deviation	98,875,390
	Median	6,302,000
	Standard Deviation	116,539,932
	Sample Variance	13581.6T
	Range	298.6M
	R-Value	0.85
	Mean Square Error	4018.5T
	R-Squared	0.73
	Significance	0.000056
	Slope	22,192,479
	Total Sum of Squares	190141.8T

Innovative Gross Profit History

	2024	298.8 M
	2023	284.6 M
	2022	265.8 M
	2021	200.1 M
	2020	111.9 M
	2019	43.4 M
	2018	14.3 M

Other Fundumenentals of Innovative Industrial

Gross Profit Margin

Innovative Industrial Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Capital Surpluse	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Long Term Investments	Capital Stock	Long Term Debt Total	Cash And Equivalents
Total Assets		1.0	0.94	0.99	-0.72	-0.87	0.89	-0.69	0.93	0.98	0.77	-0.72	-0.54	0.99	0.91	1.0	-0.24	0.14	0.51	0.88	-0.83
Total Stockholder Equity	1.0		0.94	0.99	-0.72	-0.87	0.88	-0.69	0.94	0.97	0.78	-0.72	-0.54	0.99	0.91	1.0	-0.22	0.18	0.52	0.86	-0.82
Net Tangible Assets	0.94	0.94		0.93	-0.71	-0.96	0.8	-0.66	1.0	0.91	0.75	-0.71	-0.55	0.93	0.99	0.95	-0.17	0.05	0.69	0.85	-0.9
Current Deferred Revenue	0.99	0.99	0.93		-0.73	-0.88	0.87	-0.7	0.93	0.99	0.76	-0.72	-0.55	0.98	0.92	0.99	-0.25	0.04	0.53	0.91	-0.87
Net Debt	-0.72	-0.72	-0.71	-0.73		0.59	-0.73	1.0	-0.7	-0.71	-0.79	1.0	0.93	-0.78	-0.68	-0.72	-0.24	-0.13	-0.36	-0.55	0.56
Retained Earnings	-0.87	-0.87	-0.96	-0.88	0.59		-0.65	0.53	-0.97	-0.85	-0.63	0.6	0.48	-0.86	-0.99	-0.89	0.26	0.14	-0.8	-0.88	0.94
Accounts Payable	0.89	0.88	0.8	0.87	-0.73	-0.65		-0.72	0.8	0.9	0.72	-0.72	-0.54	0.87	0.75	0.88	-0.21	0.25	0.19	0.68	-0.67
Net Receivables	-0.69	-0.69	-0.66	-0.7	1.0	0.53	-0.72		-0.65	-0.69	-0.78	0.99	0.93	-0.75	-0.63	-0.69	-0.26	-0.15	-0.32	-0.51	0.51
Capital Surpluse	0.93	0.94	1.0	0.93	-0.7	-0.97	0.8	-0.65		0.91	0.75	-0.71	-0.55	0.93	0.99	0.95	-0.17	0.04	0.69	0.86	-0.9
Total Liab	0.98	0.97	0.91	0.99	-0.71	-0.85	0.9	-0.69	0.91		0.74	-0.71	-0.53	0.97	0.9	0.98	-0.3	0.0	0.48	0.91	-0.87
Total Current Assets	0.77	0.78	0.75	0.76	-0.79	-0.63	0.72	-0.78	0.75	0.74		-0.8	-0.54	0.84	0.71	0.77	0.41	0.18	0.47	0.56	-0.56
Short Term Debt	-0.72	-0.72	-0.71	-0.72	1.0	0.6	-0.72	0.99	-0.71	-0.71	-0.8		0.93	-0.77	-0.68	-0.72	-0.25	-0.12	-0.38	-0.55	0.56
Intangible Assets	-0.54	-0.54	-0.55	-0.55	0.93	0.48	-0.54	0.93	-0.55	-0.53	-0.54	0.93		-0.59	-0.54	-0.54	-0.17	-0.06	-0.33	-0.42	0.45
Common Stock	0.99	0.99	0.93	0.98	-0.78	-0.86	0.87	-0.75	0.93	0.97	0.84	-0.77	-0.59		0.91	0.99	-0.11	0.15	0.55	0.85	-0.81
Property Plant Equipment	0.91	0.91	0.99	0.92	-0.68	-0.99	0.75	-0.63	0.99	0.9	0.71	-0.68	-0.54	0.91		0.93	-0.23	-0.09	0.72	0.9	-0.95
Net Invested Capital	1.0	1.0	0.95	0.99	-0.72	-0.89	0.88	-0.69	0.95	0.98	0.77	-0.72	-0.54	0.99	0.93		-0.23	0.13	0.54	0.88	-0.85
Net Working Capital	-0.24	-0.22	-0.17	-0.25	-0.24	0.26	-0.21	-0.26	-0.17	-0.3	0.41	-0.25	-0.17	-0.11	-0.23	-0.23		0.21	0.07	-0.43	0.39
Long Term Investments	0.14	0.18	0.05	0.04	-0.13	0.14	0.25	-0.15	0.04	0.0	0.18	-0.12	-0.06	0.15	-0.09	0.13	0.21		-0.32	-0.32	0.35
Capital Stock	0.51	0.52	0.69	0.53	-0.36	-0.8	0.19	-0.32	0.69	0.48	0.47	-0.38	-0.33	0.55	0.72	0.54	0.07	-0.32		0.63	-0.69
Long Term Debt Total	0.88	0.86	0.85	0.91	-0.55	-0.88	0.68	-0.51	0.86	0.91	0.56	-0.55	-0.42	0.85	0.9	0.88	-0.43	-0.32	0.63		-0.96
Cash And Equivalents	-0.83	-0.82	-0.9	-0.87	0.56	0.94	-0.67	0.51	-0.9	-0.87	-0.56	0.56	0.45	-0.81	-0.95	-0.85	0.39	0.35	-0.69	-0.96

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About Innovative Industrial Financial Statements

Innovative Industrial shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Innovative Industrial investors may analyze each financial statement separately, they are all interrelated. The changes in Innovative Industrial's assets and liabilities, for example, are also reflected in the revenues and expenses on on Innovative Industrial's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	284.6 M	298.8 M
Gross Profit Margin	0.92	0.74

Pair Trading with Innovative Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Innovative Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innovative Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Innovative Stock

0.82

Realty Income

Pair Corr

Moving against Innovative Stock

0.74	LTC	LTC Properties	Pair Corr
0.62	RLJ	RLJ Lodging Trust	Pair Corr
0.59	CLDT	Chatham Lodging Trust	Pair Corr
0.43	PK	Park Hotels Resorts Sell-off Trend	Pair Corr
0.39	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr

The ability to find closely correlated positions to Innovative Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Innovative Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Innovative Industrial Properties to buy it.

The correlation of Innovative Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innovative Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Innovative Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Innovative Stock Analysis

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

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