Everjoy Net Income vs Cost Of Revenue Analysis

002162 Stock   3.95  0.05  1.25%   
Everjoy Health financial indicator trend analysis is much more than just examining Everjoy Health Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Everjoy Health Group is a good investment. Please check the relationship between Everjoy Health Net Income and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Everjoy Health Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Everjoy Health Group Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Everjoy Health's Net Income and Cost Of Revenue is -0.27. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Everjoy Health Group, assuming nothing else is changed. The correlation between historical values of Everjoy Health's Net Income and Cost Of Revenue 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 Everjoy Health Group are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., Everjoy Health's Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Everjoy Health Group financial statement analysis. It represents the amount of money remaining after all of Everjoy Health Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Everjoy Health Group income statement and represents the costs associated with goods and services Everjoy Health 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.
Most indicators from Everjoy Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Everjoy Health Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Everjoy Health Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 265 M, whereas Tax Provision is projected to grow to (8.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit339.8M251.0M286.9M336.8M
Research Development13.5M11.7M10.2M11.4M

Everjoy Health fundamental ratios Correlations

0.020.450.890.65-0.280.810.770.780.470.83-0.93-0.210.330.870.320.74-0.260.580.620.640.660.430.610.550.58
0.020.64-0.32-0.560.090.1-0.29-0.33-0.270.020.040.48-0.510.38-0.37-0.470.55-0.21-0.37-0.45-0.3-0.41-0.15-0.55-0.33
0.450.640.05-0.17-0.450.33-0.040.17-0.330.29-0.460.38-0.150.78-0.17-0.050.53-0.16-0.19-0.25-0.21-0.1-0.1-0.17-0.17
0.89-0.320.050.82-0.040.690.820.790.540.82-0.79-0.360.40.560.530.86-0.530.710.780.770.780.610.710.730.72
0.65-0.56-0.170.82-0.080.480.730.780.420.47-0.61-0.60.380.310.530.97-0.750.620.660.810.720.720.50.860.57
-0.280.09-0.45-0.04-0.08-0.31-0.23-0.41-0.09-0.020.450.24-0.42-0.490.3-0.16-0.190.31-0.03-0.140.10.080.11-0.090.05
0.810.10.330.690.48-0.310.810.660.530.83-0.83-0.450.420.740.040.56-0.340.340.720.670.60.060.770.330.47
0.77-0.29-0.040.820.73-0.230.810.70.690.72-0.79-0.60.570.520.090.79-0.530.510.90.870.780.320.810.590.66
0.78-0.330.170.790.78-0.410.660.70.370.59-0.76-0.630.550.580.420.78-0.610.540.690.790.690.530.570.730.69
0.47-0.27-0.330.540.42-0.090.530.690.370.37-0.51-0.340.520.260.00.46-0.350.60.560.750.770.120.590.330.58
0.830.020.290.820.47-0.020.830.720.590.37-0.73-0.220.230.640.360.54-0.310.440.720.510.540.210.780.350.56
-0.930.04-0.46-0.79-0.610.45-0.83-0.79-0.76-0.51-0.730.25-0.49-0.86-0.1-0.710.2-0.51-0.62-0.68-0.65-0.38-0.6-0.54-0.54
-0.210.480.38-0.36-0.60.24-0.45-0.6-0.63-0.34-0.220.25-0.510.02-0.09-0.550.8-0.16-0.68-0.71-0.47-0.21-0.51-0.53-0.44
0.33-0.51-0.150.40.38-0.420.420.570.550.520.23-0.49-0.510.17-0.20.37-0.230.290.640.620.50.050.520.360.56
0.870.380.780.560.31-0.490.740.520.580.260.64-0.860.020.170.020.440.120.290.30.340.360.150.350.210.28
0.32-0.37-0.170.530.530.30.040.090.420.00.36-0.1-0.09-0.20.020.45-0.560.430.140.230.290.530.110.430.26
0.74-0.47-0.050.860.97-0.160.560.790.780.460.54-0.71-0.550.370.440.45-0.660.60.690.820.710.740.490.880.52
-0.260.550.53-0.53-0.75-0.19-0.34-0.53-0.61-0.35-0.310.20.8-0.230.12-0.56-0.66-0.5-0.62-0.75-0.65-0.48-0.53-0.67-0.53
0.58-0.21-0.160.710.620.310.340.510.540.60.44-0.51-0.160.290.290.430.6-0.50.540.720.890.580.590.60.8
0.62-0.37-0.190.780.66-0.030.720.90.690.560.72-0.62-0.680.640.30.140.69-0.620.540.850.770.310.890.60.76
0.64-0.45-0.250.770.81-0.140.670.870.790.750.51-0.68-0.710.620.340.230.82-0.750.720.850.920.480.750.750.76
0.66-0.3-0.210.780.720.10.60.780.690.770.54-0.65-0.470.50.360.290.71-0.650.890.770.920.440.780.620.83
0.43-0.41-0.10.610.720.080.060.320.530.120.21-0.38-0.210.050.150.530.74-0.480.580.310.480.440.150.920.43
0.61-0.15-0.10.710.50.110.770.810.570.590.78-0.6-0.510.520.350.110.49-0.530.590.890.750.780.150.390.82
0.55-0.55-0.170.730.86-0.090.330.590.730.330.35-0.54-0.530.360.210.430.88-0.670.60.60.750.620.920.390.58
0.58-0.33-0.170.720.570.050.470.660.690.580.56-0.54-0.440.560.280.260.52-0.530.80.760.760.830.430.820.58
Click cells to compare fundamentals

Everjoy Health Account Relationship Matchups

Everjoy Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.5B2.7B2.5B2.4B2.1B
Other Current Liab121.6M180.3M148.3M139.7M8.9M8.5M
Total Current Liabilities936.9M1.1B973.9M954.0M845.0M943.8M
Total Stockholder Equity977.7M1.0B1.3B1.0B992.5M887.7M
Other Liab144.6M148.6M151.7M160.5M184.6M98.6M
Retained Earnings(75.7M)(18.5M)27.6M(250.8M)(273.4M)(259.8M)
Accounts Payable256.1M392.3M371.9M394.8M402.9M260.9M
Cash237.8M224.5M346.9M336.4M346.9M210.4M
Other Assets794.1M815.8M846.8M927.0M1.1B1.1B
Long Term Debt266.3M247.1M228.8M303.8M312.8M190.5M
Net Receivables188.5M272.1M372.8M258.6M218.6M190.5M
Inventory360.5M334.9M320.1M237.7M195.1M269.9M
Other Current Assets23.5M26.2M28.9M22.3M46.3M48.6M
Total Liab1.3B1.5B1.4B1.5B1.3B1.2B
Intangible Assets69.9M66.2M65.4M43.6M33.2M43.5M
Property Plant Equipment532.1M495.7M542.2M437.7M394.0M558.3M
Net Tangible Assets840.0M907.6M1.2B944.1M1.1B957.0M
Other Stockholder Equity128.2M128.2M129.0M135.1M155.4M125.5M
Deferred Long Term Liab28.3M27.0M28.1M22.3M25.7M20.9M
Short Long Term Debt505.6M410.2M399.1M339.8M202.4M326.4M
Total Current Assets823.0M961.2M1.1B942.7M887.3M917.1M
Non Current Assets Total1.5B1.5B1.6B1.5B1.5B1.7B
Non Currrent Assets Other8.5M6.7M2.7M51.3M26.5M20.3M
Non Current Liabilities Total410.9M395.7M447.4M519.3M500.2M427.0M
Non Current Liabilities Other52.0M282.9M266.3M3.8M3.0M2.8M
Net Debt534.1M432.8M281.0M307.2M168.2M320.8M
Net Invested Capital1.7B1.7B1.9B1.6B1.5B1.3B
Net Working Capital(113.9M)(98.3M)94.8M(11.3M)42.3M44.4M

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Other Information on Investing in Everjoy Stock

Balance Sheet is a snapshot of the financial position of Everjoy Health Group at a specified time, usually calculated after every quarter, six months, or one year. Everjoy Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Everjoy Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Everjoy currently owns. An asset can also be divided into two categories, current and non-current.