Spotify Gross Profit vs Net Income Analysis

SPOT Stock

USD 476.96 1.72 0.36%

Spotify Technology financial indicator trend analysis is much more than just breaking down Spotify Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spotify Technology is a good investment. Please check the relationship between Spotify Technology Gross Profit and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spotify Technology SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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 Spotify Technology Gross Profit account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Spotify Technology's Gross Profit and Net Income is -0.11. 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 Spotify Technology SA, assuming nothing else is changed. The correlation between historical values of Spotify Technology'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 Spotify Technology SA 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., Spotify Technology's Gross Profit and Net Income go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Spotify Technology SA minus its cost of goods sold. It is profit before Spotify Technology 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 Spotify Technology financial statement analysis. It represents the amount of money remaining after all of Spotify Technology SA operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Spotify Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spotify Technology 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spotify Technology SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, whereas Tax Provision is likely to drop slightly above 26 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	91M	58M	38M	36.1M
Depreciation And Amortization	132.1M	167.9M	158M	98.0M

Interest Expense Depreciation And Amortization

Spotify Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity
Total Assets		0.77	0.6	1.0	0.94	0.38	0.77	0.89	0.99	-0.56	-0.95	0.97	0.89	0.95	0.94	0.9	0.74	0.95	0.97	0.95	0.94	0.81	0.84	0.98	0.75	0.96
Short Long Term Debt Total	0.77		0.14	0.74	0.66	0.0	0.5	0.88	0.73	-0.26	-0.68	0.85	0.71	0.74	0.63	0.7	0.7	0.72	0.82	0.76	0.71	0.72	0.78	0.72	0.46	0.7
Other Current Liab	0.6	0.14		0.64	0.49	0.39	0.29	0.27	0.65	-0.58	-0.74	0.43	0.58	0.45	0.6	0.44	0.52	0.67	0.57	0.55	0.71	0.75	0.53	0.54	0.86	0.57
Total Current Liabilities	1.0	0.74	0.64		0.93	0.39	0.75	0.86	0.99	-0.58	-0.95	0.95	0.89	0.93	0.95	0.89	0.74	0.95	0.97	0.95	0.94	0.82	0.84	0.98	0.78	0.96
Total Stockholder Equity	0.94	0.66	0.49	0.93		0.55	0.92	0.86	0.9	-0.59	-0.91	0.94	0.71	0.98	0.95	0.97	0.56	0.79	0.88	0.84	0.89	0.6	0.6	0.98	0.62	0.97
Other Liab	0.38	0.0	0.39	0.39	0.55		0.56	0.12	0.32	-0.45	-0.47	0.38	0.15	0.41	0.5	0.52	0.15	0.32	0.4	0.15	0.43	0.13	-0.01	0.48	0.16	0.56
Net Tangible Assets	0.77	0.5	0.29	0.75	0.92	0.56		0.77	0.71	-0.52	-0.74	0.83	0.51	0.89	0.82	0.89	0.28	0.58	0.71	0.64	0.71	0.31	0.39	0.86	0.42	0.82
Property Plant And Equipment Net	0.89	0.88	0.27	0.86	0.86	0.12	0.77		0.85	-0.4	-0.8	0.94	0.75	0.92	0.8	0.85	0.57	0.77	0.85	0.88	0.82	0.65	0.75	0.88	0.58	0.84
Current Deferred Revenue	0.99	0.73	0.65	0.99	0.9	0.32	0.71	0.85		-0.6	-0.93	0.93	0.93	0.91	0.94	0.84	0.74	0.97	0.96	0.97	0.92	0.84	0.87	0.95	0.81	0.93
Net Debt	-0.56	-0.26	-0.58	-0.58	-0.59	-0.45	-0.52	-0.4	-0.6		0.62	-0.55	-0.63	-0.49	-0.71	-0.44	-0.14	-0.54	-0.59	-0.57	-0.69	-0.44	-0.33	-0.58	-0.75	-0.56
Retained Earnings	-0.95	-0.68	-0.74	-0.95	-0.91	-0.47	-0.74	-0.8	-0.93	0.62		-0.9	-0.78	-0.91	-0.92	-0.9	-0.71	-0.89	-0.92	-0.86	-0.98	-0.84	-0.74	-0.93	-0.82	-0.95
Accounts Payable	0.97	0.85	0.43	0.95	0.94	0.38	0.83	0.94	0.93	-0.55	-0.9		0.84	0.95	0.92	0.91	0.65	0.89	0.97	0.9	0.91	0.73	0.78	0.97	0.65	0.94
Cash	0.89	0.71	0.58	0.89	0.71	0.15	0.51	0.75	0.93	-0.63	-0.78	0.84		0.72	0.81	0.61	0.68	0.95	0.91	0.94	0.83	0.83	0.92	0.81	0.81	0.75
Non Current Assets Total	0.95	0.74	0.45	0.93	0.98	0.41	0.89	0.92	0.91	-0.49	-0.91	0.95	0.72		0.92	0.97	0.63	0.8	0.89	0.87	0.88	0.64	0.68	0.97	0.62	0.96
Non Currrent Assets Other	0.94	0.63	0.6	0.95	0.95	0.5	0.82	0.8	0.94	-0.71	-0.92	0.92	0.81	0.92		0.9	0.58	0.86	0.91	0.87	0.89	0.68	0.66	0.97	0.72	0.96
Other Assets	0.9	0.7	0.44	0.89	0.97	0.52	0.89	0.85	0.84	-0.44	-0.9	0.91	0.61	0.97	0.9		0.6	0.74	0.85	0.76	0.84	0.59	0.57	0.95	0.53	0.96
Long Term Debt	0.74	0.7	0.52	0.74	0.56	0.15	0.28	0.57	0.74	-0.14	-0.71	0.65	0.68	0.63	0.58	0.6		0.78	0.76	0.73	0.68	0.84	0.8	0.63	0.58	0.66
Cash And Short Term Investments	0.95	0.72	0.67	0.95	0.79	0.32	0.58	0.77	0.97	-0.54	-0.89	0.89	0.95	0.8	0.86	0.74	0.78		0.96	0.92	0.89	0.9	0.93	0.89	0.79	0.87
Net Receivables	0.97	0.82	0.57	0.97	0.88	0.4	0.71	0.85	0.96	-0.59	-0.92	0.97	0.91	0.89	0.91	0.85	0.76	0.96		0.91	0.93	0.84	0.86	0.95	0.74	0.93
Good Will	0.95	0.76	0.55	0.95	0.84	0.15	0.64	0.88	0.97	-0.57	-0.86	0.9	0.94	0.87	0.87	0.76	0.73	0.92	0.91		0.88	0.8	0.88	0.89	0.8	0.85
Common Stock Shares Outstanding	0.94	0.71	0.71	0.94	0.89	0.43	0.71	0.82	0.92	-0.69	-0.98	0.91	0.83	0.88	0.89	0.84	0.68	0.89	0.93	0.88		0.85	0.77	0.91	0.86	0.92
Long Term Debt Total	0.81	0.72	0.75	0.82	0.6	0.13	0.31	0.65	0.84	-0.44	-0.84	0.73	0.83	0.64	0.68	0.59	0.84	0.9	0.84	0.8	0.85		0.9	0.71	0.84	0.72
Non Current Liabilities Total	0.84	0.78	0.53	0.84	0.6	-0.01	0.39	0.75	0.87	-0.33	-0.74	0.78	0.92	0.68	0.66	0.57	0.8	0.93	0.86	0.88	0.77	0.9		0.73	0.73	0.68
Capital Surpluse	0.98	0.72	0.54	0.98	0.98	0.48	0.86	0.88	0.95	-0.58	-0.93	0.97	0.81	0.97	0.97	0.95	0.63	0.89	0.95	0.89	0.91	0.71	0.73		0.67	0.99
Other Current Assets	0.75	0.46	0.86	0.78	0.62	0.16	0.42	0.58	0.81	-0.75	-0.82	0.65	0.81	0.62	0.72	0.53	0.58	0.79	0.74	0.8	0.86	0.84	0.73	0.67		0.65
Other Stockholder Equity	0.96	0.7	0.57	0.96	0.97	0.56	0.82	0.84	0.93	-0.56	-0.95	0.94	0.75	0.96	0.96	0.96	0.66	0.87	0.93	0.85	0.92	0.72	0.68	0.99	0.65

Click cells to compare fundamentals

Spotify Technology Account Relationship Matchups

Spotify Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.1B	6.3B	7.2B	7.6B	8.3B	5.5B
Short Long Term Debt Total	2.1B	2.4B	3.7B	1.7B	1.7B	1.7B
Other Current Liab	111M	105M	89M	2.2B	3.1B	3.3B
Total Current Liabilities	2.4B	2.9B	3.2B	3.5B	4.1B	2.7B
Total Stockholder Equity	2.0B	2.8B	2.1B	2.4B	2.5B	1.9B
Other Liab	93M	24M	44M	36M	41.4M	47.4M
Net Tangible Assets	1.5B	2.0B	1.1B	1.1B	1.3B	1.1B
Property Plant And Equipment Net	780M	757M	809M	765M	547M	500.4M
Current Deferred Revenue	319M	380M	458M	520M	622M	368.4M
Net Debt	(443M)	(574M)	(963M)	(800M)	(1.4B)	(1.3B)
Retained Earnings	(2.7B)	(3.3B)	(3.2B)	(3.6B)	(4.2B)	(4.4B)
Accounts Payable	549M	638M	793M	588M	662M	508.1M
Cash	1.1B	1.2B	2.7B	2.5B	3.1B	1.6B
Non Current Assets Total	2.9B	4.0B	2.8B	3.3B	3.1B	2.4B
Non Currrent Assets Other	65M	69M	78M	77M	116M	68.4M
Other Assets	104M	126M	90M	86M	98.9M	85.8M
Cash And Short Term Investments	1.8B	1.7B	3.5B	3.4B	4.0B	2.4B
Net Receivables	406M	468M	626M	502M	602M	479.0M
Good Will	478M	736M	894M	1.2B	1.1B	590.6M
Common Stock Shares Outstanding	181.0M	187.6M	193.9M	195.8M	194.7M	201.4M
Short Term Investments	692M	596M	756M	867M	1.1B	829.6M
Long Term Debt Total	622M	577M	1.8B	1.7B	1.9B	2.0B
Liabilities And Stockholders Equity	5.1B	6.3B	7.2B	7.6B	8.3B	5.5B
Non Current Liabilities Total	646M	621M	1.8B	1.7B	1.7B	959.2M
Capital Surpluse	4.2B	4.6B	4.7B	4.8B	5.5B	3.6B
Capital Lease Obligations	622M	577M	579M	555M	493M	346.3M
Other Current Assets	68M	151M	246M	500M	685M	719.3M
Other Stockholder Equity	3.8B	4.4B	4.5B	4.5B	4.9B	3.8B
Total Liab	3.1B	3.5B	5.1B	5.2B	5.8B	3.7B
Deferred Long Term Liab	26M	33M	31M	19M	21.9M	19.8M
Long Term Investments	1.5B	2.3B	916M	1.1B	1.2B	1.2B
Property Plant And Equipment Gross	780M	757M	809M	1.2B	1.2B	637.8M
Total Current Assets	2.2B	2.4B	4.4B	4.4B	5.3B	3.1B
Accumulated Other Comprehensive Income	924M	1.7B	853M	1.5B	1.8B	984.6M
Short Term Debt	1.5B	1.8B	1.9B	0.0	2.8B	2.9B
Intangible Assets	58M	97M	89M	127M	71M	62.6M
Property Plant Equipment	780M	757M	809M	765M	879.8M	487.7M
Cash And Equivalents	1.1B	1.2B	2.7B	2.5B	2.9B	1.5B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Spotify Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC