Boston Cost Of Revenue vs Net Income Analysis

0HOY Stock

89.13 0.07 0.08%

Boston Scientific financial indicator trend analysis is way more than just evaluating Boston Scientific Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boston Scientific Corp is a good investment. Please check the relationship between Boston Scientific Cost Of Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boston Scientific Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boston Scientific Corp Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Boston Scientific's Cost Of Revenue and Net Income is 0.55. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Boston Scientific Corp, assuming nothing else is changed. The correlation between historical values of Boston Scientific's Cost Of Revenue and Net 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 Cost Of Revenue of Boston Scientific Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., Boston Scientific's Cost Of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Boston Scientific Corp income statement and represents the costs associated with goods and services Boston Scientific 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.

Net Income

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

Most indicators from Boston Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boston Scientific Corp 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 Boston Scientific Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 43.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.1 B in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	11.9B	12.7B	14.2B	10.6B
Depreciation And Amortization	1.1B	1.1B	1.2B	1.0B

Total Revenue Depreciation And Amortization

Boston Scientific fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Short Term Investments
Total Assets		0.55	0.59	0.99	0.98	0.82	0.94	0.9	0.71	1.0	0.51	0.95	0.71	0.9	0.97	0.63	0.83	0.92	0.57	0.91	0.96	0.95	0.31	0.78	0.96	0.67
Other Current Liab	0.55		0.9	0.49	0.54	0.75	0.5	0.67	0.57	0.55	0.75	0.49	0.57	0.68	0.56	0.34	0.58	0.56	0.06	0.49	0.65	0.59	0.05	0.64	0.63	0.88
Total Current Liabilities	0.59	0.9		0.52	0.56	0.75	0.53	0.67	0.55	0.59	0.67	0.49	0.55	0.75	0.6	0.39	0.51	0.59	-0.06	0.47	0.68	0.57	0.23	0.55	0.68	0.81
Total Stockholder Equity	0.99	0.49	0.52		0.99	0.76	0.93	0.91	0.69	0.99	0.46	0.93	0.69	0.88	0.98	0.63	0.78	0.93	0.59	0.93	0.91	0.95	0.22	0.79	0.92	0.6
Property Plant And Equipment Net	0.98	0.54	0.56	0.99		0.76	0.94	0.93	0.65	0.98	0.49	0.92	0.65	0.91	0.99	0.65	0.76	0.96	0.53	0.94	0.9	0.94	0.2	0.84	0.9	0.62
Net Debt	0.82	0.75	0.75	0.76	0.76		0.74	0.74	0.6	0.82	0.85	0.76	0.6	0.84	0.78	0.32	0.94	0.76	0.33	0.65	0.88	0.77	0.32	0.72	0.89	0.83
Retained Earnings	0.94	0.5	0.53	0.93	0.94	0.74		0.85	0.63	0.94	0.52	0.99	0.63	0.87	0.92	0.8	0.77	0.88	0.52	0.95	0.9	0.89	0.35	0.82	0.9	0.64
Accounts Payable	0.9	0.67	0.67	0.91	0.93	0.74	0.85		0.66	0.9	0.55	0.81	0.65	0.92	0.95	0.6	0.69	0.92	0.32	0.88	0.82	0.86	0.05	0.81	0.82	0.68
Cash	0.71	0.57	0.55	0.69	0.65	0.6	0.63	0.66		0.67	0.46	0.65	1.0	0.49	0.65	0.39	0.65	0.49	0.66	0.71	0.71	0.85	-0.06	0.52	0.71	0.57
Non Current Assets Total	1.0	0.55	0.59	0.99	0.98	0.82	0.94	0.9	0.67		0.51	0.94	0.67	0.92	0.97	0.63	0.83	0.93	0.53	0.89	0.96	0.93	0.35	0.76	0.97	0.67
Non Currrent Assets Other	0.51	0.75	0.67	0.46	0.49	0.85	0.52	0.55	0.46	0.51		0.52	0.46	0.61	0.53	0.17	0.78	0.54	0.15	0.47	0.58	0.55	0.01	0.73	0.58	0.74
Other Assets	0.95	0.49	0.49	0.93	0.92	0.76	0.99	0.81	0.65	0.94	0.52		0.65	0.83	0.9	0.75	0.82	0.85	0.59	0.92	0.93	0.9	0.4	0.78	0.91	0.63
Cash And Short Term Investments	0.71	0.57	0.55	0.69	0.65	0.6	0.63	0.65	1.0	0.67	0.46	0.65		0.49	0.65	0.39	0.65	0.49	0.66	0.71	0.71	0.85	-0.06	0.52	0.71	0.57
Net Receivables	0.9	0.68	0.75	0.88	0.91	0.84	0.87	0.92	0.49	0.92	0.61	0.83	0.49		0.94	0.64	0.72	0.94	0.19	0.81	0.87	0.79	0.33	0.81	0.88	0.75
Good Will	0.97	0.56	0.6	0.98	0.99	0.78	0.92	0.95	0.65	0.97	0.53	0.9	0.65	0.94		0.64	0.76	0.97	0.46	0.93	0.89	0.92	0.19	0.83	0.91	0.67
Common Stock Shares Outstanding	0.63	0.34	0.39	0.63	0.65	0.32	0.8	0.6	0.39	0.63	0.17	0.75	0.39	0.64	0.64		0.29	0.6	0.26	0.78	0.59	0.57	0.34	0.59	0.58	0.49
Non Current Liabilities Total	0.83	0.58	0.51	0.78	0.76	0.94	0.77	0.69	0.65	0.83	0.78	0.82	0.65	0.72	0.76	0.29		0.71	0.56	0.69	0.87	0.81	0.29	0.7	0.87	0.71
Inventory	0.92	0.56	0.59	0.93	0.96	0.76	0.88	0.92	0.49	0.93	0.54	0.85	0.49	0.94	0.97	0.6	0.71		0.35	0.87	0.83	0.85	0.18	0.88	0.84	0.63
Other Current Assets	0.57	0.06	-0.06	0.59	0.53	0.33	0.52	0.32	0.66	0.53	0.15	0.59	0.66	0.19	0.46	0.26	0.56	0.35		0.61	0.5	0.71	-0.06	0.38	0.52	0.19
Other Stockholder Equity	0.91	0.49	0.47	0.93	0.94	0.65	0.95	0.88	0.71	0.89	0.47	0.92	0.71	0.81	0.93	0.78	0.69	0.87	0.61		0.81	0.92	0.06	0.85	0.82	0.62
Total Liab	0.96	0.65	0.68	0.91	0.9	0.88	0.9	0.82	0.71	0.96	0.58	0.93	0.71	0.87	0.89	0.59	0.87	0.83	0.5	0.81		0.9	0.48	0.7	0.99	0.77
Total Current Assets	0.95	0.59	0.57	0.95	0.94	0.77	0.89	0.86	0.85	0.93	0.55	0.9	0.85	0.79	0.92	0.57	0.81	0.85	0.71	0.92	0.9		0.1	0.8	0.91	0.66
Intangible Assets	0.31	0.05	0.23	0.22	0.2	0.32	0.35	0.05	-0.06	0.35	0.01	0.4	-0.06	0.33	0.19	0.34	0.29	0.18	-0.06	0.06	0.48	0.1		-0.04	0.45	0.23
Common Stock	0.78	0.64	0.55	0.79	0.84	0.72	0.82	0.81	0.52	0.76	0.73	0.78	0.52	0.81	0.83	0.59	0.7	0.88	0.38	0.85	0.7	0.8	-0.04		0.7	0.66
Short Long Term Debt Total	0.96	0.63	0.68	0.92	0.9	0.89	0.9	0.82	0.71	0.97	0.58	0.91	0.71	0.88	0.91	0.58	0.87	0.84	0.52	0.82	0.99	0.91	0.45	0.7		0.78
Short Term Investments	0.67	0.88	0.81	0.6	0.62	0.83	0.64	0.68	0.57	0.67	0.74	0.63	0.57	0.75	0.67	0.49	0.71	0.63	0.19	0.62	0.77	0.66	0.23	0.66	0.78

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Boston Scientific Account Relationship Matchups

Boston Scientific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	30.6B	30.8B	32.2B	32.5B	35.1B	26.4B
Other Current Liab	2.7B	2.8B	2.7B	2.4B	3.2B	2.8B
Total Current Liabilities	4.9B	3.7B	4.3B	3.8B	4.9B	4.1B
Total Stockholder Equity	13.9B	15.3B	16.6B	17.6B	19.3B	12.0B
Property Plant And Equipment Net	2.4B	2.5B	2.7B	2.8B	3.3B	2.3B
Net Debt	9.8B	7.7B	7.4B	8.2B	8.7B	6.5B
Retained Earnings	(2.3B)	(2.4B)	(1.4B)	(750M)	819M	860.0M
Accounts Payable	542M	513M	794M	862M	942M	543.4M
Cash	563M	1.9B	2.1B	1.1B	865M	927.8M
Non Current Assets Total	25.9B	24.1B	25.9B	26.7B	28.6B	21.4B
Non Currrent Assets Other	144M	166M	225M	442M	4.5B	4.7B
Other Assets	4.6B	4.5B	4.6B	4.6B	5.3B	5.5B
Cash And Short Term Investments	563M	1.9B	2.1B	1.1B	865M	928.1M
Net Receivables	1.9B	1.5B	1.8B	2.0B	2.2B	1.7B
Good Will	10.2B	10.0B	12.0B	12.9B	14.4B	9.6B
Common Stock Shares Outstanding	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B
Non Current Liabilities Total	11.8B	11.8B	11.3B	11.1B	10.7B	9.8B
Inventory	1.6B	1.4B	1.6B	1.9B	2.5B	1.5B
Other Current Assets	624M	2.3B	1.2B	1.3B	937M	949.8M
Other Stockholder Equity	15.8B	17.5B	17.7B	18.0B	18.4B	17.8B
Total Liab	16.7B	15.5B	15.6B	14.9B	15.6B	14.4B
Total Current Assets	4.7B	6.7B	6.3B	5.8B	6.5B	5.0B
Intangible Assets	8.2B	6.1B	6.2B	6.0B	6.0B	6.8B
Short Long Term Debt Total	10.4B	9.6B	9.5B	9.3B	9.6B	8.1B
Liabilities And Stockholders Equity	30.6B	30.8B	32.2B	32.5B	35.1B	27.1B
Accumulated Other Comprehensive Income	270M	207M	263M	268M	50M	47.5M
Short Term Debt	1.5B	83M	332M	81M	607M	711.3M
Long Term Debt	3.8B	4.8B	8.6B	9.1B	10.5B	7.0B
Capital Surpluse	17.2B	17.3B	17.6B	19.7B	22.7B	19.5B
Property Plant Equipment	2.4B	2.5B	2.7B	2.8B	3.3B	2.4B
Other Liab	3.0B	2.2B	2.1B	1.8B	1.6B	1.9B
Net Tangible Assets	(4.5B)	(760M)	(1.6B)	(1.3B)	(1.5B)	(1.6B)

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Boston Cost Of Revenue vs Net Income Analysis

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Net Income

Boston Scientific fundamental ratios Correlations

Boston Scientific Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boston Scientific fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Good Will	+ 0.99	Property Plant And Equipment Net

Intangible Assets	- 0.06	Other Current Assets
Intangible Assets	- 0.06	Cash And Short Term Investments
Intangible Assets	- 0.06	Cash
Other Current Assets	- 0.06	Total Current Liabilities
Common Stock	- 0.04	Intangible Assets