Hims Gross Profit vs Total Operating Expenses Analysis

HIMS Stock  USD 30.34  0.34  1.11%   
Hims Hers financial indicator trend analysis is much more than just examining Hims Hers Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hims Hers Health is a good investment. Please check the relationship between Hims Hers Gross Profit and its Total Operating Expenses accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hims Hers Health Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hims Hers' Gross Profit and Total Operating Expenses is 0.9. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Hims Hers Health, assuming nothing else is changed. The correlation between historical values of Hims Hers' Gross Profit and Total Operating Expenses 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 Hims Hers Health are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Hims Hers' Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Hims Hers Health minus its cost of goods sold. It is profit before Hims Hers 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Hims Hers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hims Hers Health 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Hims Hers' Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 117.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit204.5M408.7M714.9M750.7M
Total Revenue271.9M526.9M872M915.6M

Hims Hers fundamental ratios Correlations

0.90.76-0.720.540.780.750.670.560.720.880.850.720.8-0.490.530.66-0.820.870.810.090.9-0.790.790.87-0.77
0.90.91-0.810.840.520.870.870.730.890.920.940.830.9-0.40.690.77-0.90.980.940.260.93-0.90.920.87-0.9
0.760.91-0.890.840.410.920.90.731.00.90.950.770.98-0.420.730.79-0.910.890.950.320.92-0.980.950.9-0.99
-0.72-0.81-0.89-0.79-0.29-0.96-0.91-0.88-0.9-0.93-0.93-0.9-0.960.68-0.8-0.840.91-0.87-0.930.0-0.910.95-0.94-0.890.9
0.540.840.84-0.790.050.820.940.850.860.790.850.810.83-0.320.720.72-0.780.860.880.270.77-0.830.880.69-0.84
0.780.520.41-0.290.050.240.250.110.340.550.50.250.42-0.3-0.090.09-0.330.410.450.020.59-0.430.440.65-0.41
0.750.870.92-0.960.820.240.870.810.930.880.910.880.95-0.570.910.95-0.980.920.910.130.89-0.940.90.84-0.92
0.670.870.9-0.910.940.250.870.90.910.920.950.860.93-0.470.670.7-0.820.880.970.190.89-0.940.970.85-0.92
0.560.730.73-0.880.850.110.810.90.750.860.850.960.8-0.740.70.72-0.790.830.85-0.240.82-0.80.860.78-0.72
0.720.891.0-0.90.860.340.930.910.750.880.930.770.98-0.410.750.8-0.90.880.950.330.9-0.980.950.88-0.99
0.880.920.9-0.930.790.550.880.920.860.880.990.910.95-0.660.640.73-0.890.940.970.00.99-0.950.970.97-0.9
0.850.940.95-0.930.850.50.910.950.850.930.990.890.97-0.590.680.76-0.910.950.990.10.99-0.980.990.97-0.95
0.720.830.77-0.90.810.250.880.860.960.770.910.890.84-0.770.790.84-0.90.920.87-0.230.89-0.830.870.83-0.75
0.80.90.98-0.960.830.420.950.930.80.980.950.970.84-0.540.750.81-0.930.910.970.20.96-1.00.980.94-0.98
-0.49-0.4-0.420.68-0.32-0.3-0.57-0.47-0.74-0.41-0.66-0.59-0.77-0.54-0.48-0.540.59-0.54-0.520.71-0.640.53-0.54-0.670.38
0.530.690.73-0.80.72-0.090.910.670.70.750.640.680.790.75-0.480.98-0.90.790.680.080.66-0.720.660.56-0.7
0.660.770.79-0.840.720.090.950.70.720.80.730.760.840.81-0.540.98-0.960.860.750.070.76-0.790.730.67-0.76
-0.82-0.9-0.910.91-0.78-0.33-0.98-0.82-0.79-0.9-0.89-0.91-0.9-0.930.59-0.9-0.96-0.95-0.89-0.09-0.910.91-0.88-0.850.88
0.870.980.89-0.870.860.410.920.880.830.880.940.950.920.91-0.540.790.86-0.950.940.110.94-0.90.920.87-0.87
0.810.940.95-0.930.880.450.910.970.850.950.970.990.870.97-0.520.680.75-0.890.940.170.97-0.981.00.94-0.96
0.090.260.320.00.270.020.130.19-0.240.330.00.1-0.230.20.710.080.07-0.090.110.170.03-0.210.150.0-0.37
0.90.930.92-0.910.770.590.890.890.820.90.990.990.890.96-0.640.660.76-0.910.940.970.03-0.960.970.99-0.92
-0.79-0.9-0.980.95-0.83-0.43-0.94-0.94-0.8-0.98-0.95-0.98-0.83-1.00.53-0.72-0.790.91-0.9-0.98-0.21-0.96-0.98-0.940.99
0.790.920.95-0.940.880.440.90.970.860.950.970.990.870.98-0.540.660.73-0.880.921.00.150.97-0.980.95-0.96
0.870.870.9-0.890.690.650.840.850.780.880.970.970.830.94-0.670.560.67-0.850.870.940.00.99-0.940.95-0.9
-0.77-0.9-0.990.9-0.84-0.41-0.92-0.92-0.72-0.99-0.9-0.95-0.75-0.980.38-0.7-0.760.88-0.87-0.96-0.37-0.920.99-0.96-0.9
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Hims Hers Account Relationship Matchups

Hims Hers fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab11.1M5.2M52.7M8.2M33.1M20.4M
Total Current Liabilities20.6M15.2M79.2M47.9M88.5M50.5M
Net Tangible Assets(141.1M)(149.8M)197.8M170.8M196.4M206.3M
Retained Earnings(153.2M)(171.3M)(279.0M)(344.6M)(368.2M)(386.6M)
Accounts Payable7.2M8.1M19.6M32.4M43.1M22.7M
Other Assets963K1.0M8.8M888K1.00.95
Net Receivables859K750K3.6M3.2M5.7M6.0M
Inventory4.2M3.5M13.6M21.6M22.5M12.7M
Other Current Assets480K8.6M5.5M12.2M15.9M8.0M
Other Stockholder Equity(173.4M)(225.5M)613.7M656.6M712.3M747.9M
Total Current Assets69.6M113.1M269.9M216.6M265.1M180.0M

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Additional Tools for Hims Stock Analysis

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