FAST Stock | | | USD 79.77 0.55 0.68% |
Fastenal financial indicator trend analysis is much more than just examining Fastenal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fastenal is a good investment. Please check the relationship between Fastenal Other Operating Expenses and its Gross Profit accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fastenal Other Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have totally related.
The correlation between Fastenal's Other Operating Expenses and Gross Profit is 1.0. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Fastenal Company, assuming nothing else is changed. The correlation between historical values of Fastenal's Other Operating Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Fastenal Company are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., Fastenal's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Fastenal. It is also known as Fastenal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Fastenal Company minus its cost of goods sold. It is profit before Fastenal 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.
Most indicators from Fastenal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fastenal 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Fastenal's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas
Enterprise Value Multiple is likely to drop 20.87 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.8B | 3.2B | 3.4B | 3.5B | Total Revenue | 6.0B | 7.0B | 7.3B | 7.7B |
Fastenal fundamental ratios Correlations
Click cells to compare fundamentals
Fastenal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fastenal fundamental ratios Accounts
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Additional Tools for Fastenal Stock Analysis
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measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to
predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.