Foxx Gross Profit vs Operating Income Analysis
| FOXX Stock | 6.86 0.49 7.69% |
Foxx Development financial indicator trend analysis is much more than just examining Foxx Development Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foxx Development Holdings is a good investment. Please check the relationship between Foxx Development Gross Profit and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Gross Profit vs Operating Income
Gross Profit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foxx Development Holdings Gross Profit account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Foxx Development's Gross Profit and Operating Income is 0.64. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Foxx Development Holdings, assuming nothing else is changed. The correlation between historical values of Foxx Development's Gross Profit and Operating 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 Gross Profit of Foxx Development Holdings are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Foxx Development's Gross Profit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Foxx Development Holdings minus its cost of goods sold. It is profit before Foxx Development 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.Operating Income
Operating Income is the amount of profit realized from Foxx Development Holdings operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Foxx Development Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Foxx Development's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foxx Development Holdings 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 Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. Sales General And Administrative To Revenue is likely to rise to 0.68 in 2024, whereas Tax Provision is likely to drop slightly above 13.1 K in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 454.6K | 1.1M | 115.9K | 110.1K | Total Revenue | 12.9M | 21.6M | 3.2M | 3.1M |
Foxx Development fundamental ratios Correlations
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Foxx Development Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Foxx Development's price analysis, check to measure Foxx Development'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 Foxx Development is operating at the current time. Most of Foxx Development's value examination focuses on studying past and present price action to predict the probability of Foxx Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foxx Development's price. Additionally, you may evaluate how the addition of Foxx Development to your portfolios can decrease your overall portfolio volatility.