L3Harris Cost Of Revenue vs Other Operating Expenses Analysis
0L3H Stock | 241.64 1.39 0.58% |
L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Cost Of Revenue and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. 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. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.
Cost Of Revenue vs Other Operating Expenses
Cost Of Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Cost Of Revenue account and Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between L3Harris Technologies' Cost Of Revenue and Other Operating Expenses is 0.95. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Cost Of Revenue and Other 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 Cost Of Revenue of L3Harris Technologies are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Cost Of Revenue i.e., L3Harris Technologies' Cost Of Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on L3Harris Technologies income statement and represents the costs associated with goods and services L3Harris Technologies provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of L3Harris Technologies. It is also known as L3Harris Technologies 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.Most indicators from L3Harris Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. 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. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.Tax Provision is likely to drop to about 267 M in 2024. Discontinued Operations is likely to drop to about (1.2 M) in 2024
2019 | 2021 | 2022 | 2024 (projected) | Total Revenue | 18.5B | 17.8B | 19.4B | 18.7B | Depreciation And Amortization | 894M | 970M | 1.2B | 1.0B |
L3Harris Technologies fundamental ratios Correlations
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L3Harris Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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