JMAT Stock | | | 1,336 1.00 0.07% |
Johnson Matthey financial indicator trend analysis is infinitely more than just investigating Johnson Matthey PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Johnson Matthey PLC is a good investment. Please check the relationship between Johnson Matthey Gross Profit and its Net Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Matthey PLC. 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.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Johnson Matthey PLC Gross Profit account and
Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Johnson Matthey's Gross Profit and Net Income is -0.53. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Johnson Matthey PLC, assuming nothing else is changed. The correlation between historical values of Johnson Matthey's Gross Profit 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 Gross Profit of Johnson Matthey PLC 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 Gross Profit i.e., Johnson Matthey's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Johnson Matthey PLC minus its cost of goods sold. It is profit before Johnson Matthey 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Johnson Matthey PLC financial statement analysis. It represents the amount of money remaining after all of Johnson Matthey PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Johnson Matthey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Johnson Matthey PLC 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 Johnson Matthey PLC. 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.
At this time, Johnson Matthey's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 64.9
M in 2024, whereas
Discontinued Operations is likely to drop (205.1
M) in 2024.
Johnson Matthey fundamental ratios Correlations
Click cells to compare fundamentals
Johnson Matthey Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Johnson Matthey fundamental ratios Accounts
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measure Johnson Matthey'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 Johnson Matthey is operating at the current time. Most of Johnson Matthey's value examination focuses on studying past and present price action to
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