Jafron Other Operating Expenses vs Gross Profit Analysis

300529 Stock   30.38  0.29  0.95%   
Jafron Biomedical financial indicator trend analysis is infinitely more than just investigating Jafron Biomedical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jafron Biomedical is a good investment. Please check the relationship between Jafron Biomedical Other Operating Expenses and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jafron Biomedical Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Operating Expenses vs Gross Profit

Other Operating Expenses vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jafron Biomedical Other Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jafron Biomedical's Other Operating Expenses and Gross Profit is 0.88. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Jafron Biomedical Co, assuming nothing else is changed. The correlation between historical values of Jafron Biomedical's Other Operating Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Jafron Biomedical Co are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., Jafron Biomedical's Other Operating Expenses and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Jafron Biomedical. It is also known as Jafron Biomedical 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Jafron Biomedical Co minus its cost of goods sold. It is profit before Jafron Biomedical 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.
Most indicators from Jafron Biomedical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jafron Biomedical 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 Jafron Biomedical Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 119.8 M, whereas Selling General Administrative is forecasted to decline to about 363.6 M.
 2021 2022 2023 2024 (projected)
Operating Income1.4B1.0B523.2M528.6M
Total Revenue2.7B2.5B1.9B1.2B

Jafron Biomedical fundamental ratios Correlations

-0.030.960.890.970.890.951.00.980.710.950.610.940.880.950.990.490.920.970.950.950.870.810.910.680.94
-0.03-0.130.24-0.10.2-0.270.00.020.47-0.310.42-0.280.140.05-0.040.660.15-0.180.07-0.050.340.45-0.35-0.28-0.16
0.96-0.130.780.950.760.980.960.960.510.980.40.970.770.90.950.320.820.930.870.890.790.770.920.740.88
0.890.240.780.820.990.750.880.840.860.740.760.710.960.870.880.740.980.820.970.930.890.880.660.30.89
0.97-0.10.950.820.830.940.970.970.650.950.520.960.820.920.980.380.850.960.90.910.840.740.940.70.92
0.890.20.760.990.830.740.870.850.850.750.80.730.980.850.880.720.980.850.970.950.890.850.690.310.92
0.95-0.270.980.750.940.740.940.920.480.990.370.970.760.890.940.250.80.930.850.890.730.680.940.740.89
1.00.00.960.880.970.870.940.980.690.950.580.940.860.940.990.470.910.960.940.930.870.820.90.690.92
0.980.020.960.840.970.850.920.980.680.930.550.950.840.890.960.470.880.950.920.920.910.830.920.680.91
0.710.470.510.860.650.850.480.690.680.470.860.470.780.70.690.850.770.610.780.690.860.710.430.240.67
0.95-0.310.980.740.950.750.990.950.930.470.380.990.760.870.940.230.80.960.860.890.730.660.970.750.91
0.610.420.40.760.520.80.370.580.550.860.380.380.780.650.630.770.70.590.660.620.670.580.350.220.61
0.94-0.280.970.710.960.730.970.940.950.470.990.380.740.860.940.20.780.960.850.880.750.650.990.760.9
0.880.140.770.960.820.980.760.860.840.780.760.780.740.850.880.680.970.860.960.960.850.830.70.310.93
0.950.050.90.870.920.850.890.940.890.70.870.650.860.850.960.470.880.890.890.870.780.770.810.640.86
0.99-0.040.950.880.980.880.940.990.960.690.940.630.940.880.960.470.910.980.930.940.840.780.910.690.93
0.490.660.320.740.380.720.250.470.470.850.230.770.20.680.470.470.650.370.590.530.710.710.130.00.45
0.920.150.820.980.850.980.80.910.880.770.80.70.780.970.880.910.650.860.980.970.870.890.740.340.93
0.97-0.180.930.820.960.850.930.960.950.610.960.590.960.860.890.980.370.860.910.930.790.70.940.710.95
0.950.070.870.970.90.970.850.940.920.780.860.660.850.960.890.930.590.980.910.980.90.850.810.430.96
0.95-0.050.890.930.910.950.890.930.920.690.890.620.880.960.870.940.530.970.930.980.860.820.850.450.99
0.870.340.790.890.840.890.730.870.910.860.730.670.750.850.780.840.710.870.790.90.860.890.70.420.82
0.810.450.770.880.740.850.680.820.830.710.660.580.650.830.770.780.710.890.70.850.820.890.580.30.73
0.91-0.350.920.660.940.690.940.90.920.430.970.350.990.70.810.910.130.740.940.810.850.70.580.760.89
0.68-0.280.740.30.70.310.740.690.680.240.750.220.760.310.640.690.00.340.710.430.450.420.30.760.49
0.94-0.160.880.890.920.920.890.920.910.670.910.610.90.930.860.930.450.930.950.960.990.820.730.890.49
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Jafron Biomedical Account Relationship Matchups

Jafron Biomedical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B3.2B4.8B5.4B5.5B5.8B
Other Current Liab131.8M140.8M129.3M5.5M4.9M4.6M
Total Current Liabilities262.6M330.8M386.3M717.2M829.4M870.9M
Total Stockholder Equity2.1B2.8B3.4B3.6B3.1B1.8B
Other Liab51.1M61.5M52.2M125.8M144.7M151.9M
Retained Earnings1.2B1.7B2.3B2.1B2.0B1.0B
Accounts Payable32.8M50.2M60.8M128.5M135.6M142.4M
Cash1.3B1.6B2.3B2.6B2.8B3.0B
Other Assets107.9M102.4M91.6M225.4M259.2M272.2M
Net Receivables169.8M167.4M314.4M221.7M74.9M118.9M
Inventory92.3M120.7M196.5M349.1M385.0M404.2M
Other Current Assets25.9M65.3M75.3M35.6M17.3M26.1M
Total Liab324.1M383.1M1.4B1.8B2.4B2.5B
Intangible Assets48.1M89.9M101.3M100.4M100.4M53.5M
Common Stock417.3M418.7M799.1M805.5M926.3M972.6M
Property Plant Equipment457.6M639.6M905.5M1.3B1.5B1.5B
Net Tangible Assets1.6B2.1B2.7B3.2B3.7B2.0B
Deferred Long Term Liab3.4M14.8M20.4M36.0M41.3M43.4M
Total Current Assets1.6B2.0B3.1B3.3B3.3B2.1B
Non Current Assets Total934.9M1.2B1.8B2.1B2.2B1.3B
Non Currrent Assets Other77.5M58.2M162.8M148.2M107.0M102.3M
Non Current Liabilities Total61.5M52.2M1.0B1.1B1.6B1.6B
Common Stock Shares Outstanding795.5M799.1M805.5M807.7M807.6M880.0M
Net Invested Capital2.1B2.8B4.3B4.8B4.8B3.4B
Net Working Capital1.3B1.7B2.7B2.6B2.5B2.0B
Capital Stock418.7M799.1M805.5M807.7M807.6M743.6M

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Other Information on Investing in Jafron Stock

Balance Sheet is a snapshot of the financial position of Jafron Biomedical at a specified time, usually calculated after every quarter, six months, or one year. Jafron Biomedical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jafron Biomedical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Jafron currently owns. An asset can also be divided into two categories, current and non-current.