Ardent Gross Profit vs Selling And Marketing Expenses Analysis
| ARDT Stock | 15.98 0.04 0.25% |
Ardent Health financial indicator trend analysis is way more than just evaluating Ardent Health Partners, prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ardent Health Partners, is a good investment. Please check the relationship between Ardent Health Gross Profit and its Selling And Marketing Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ardent Health Partners,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Gross Profit vs Selling And Marketing Expenses
Gross Profit vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardent Health Partners, Gross Profit account and Selling And Marketing Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Ardent Health's Gross Profit and Selling And Marketing Expenses is -0.73. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Ardent Health Partners,, assuming nothing else is changed. The correlation between historical values of Ardent Health's Gross Profit and Selling And Marketing 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 Ardent Health Partners, are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Gross Profit i.e., Ardent Health's Gross Profit and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | -0.73 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ardent Health Partners, minus its cost of goods sold. It is profit before Ardent Health 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.Selling And Marketing Expenses
Most indicators from Ardent Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ardent Health Partners, 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 Ardent Health Partners,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Ardent Health's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 3.7 B in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.53 in 2024.
| 2019 | 2022 | 2023 | 2024 (projected) | Interest Expense | 93.8M | 82.1M | 65.4M | 71.0M | Depreciation And Amortization | 137.2M | 138.2M | 140.8M | 111.9M |
Ardent Health fundamental ratios Correlations
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Ardent Health Account Relationship Matchups
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Additional Tools for Ardent Stock Analysis
When running Ardent Health's price analysis, check to measure Ardent Health'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 Ardent Health is operating at the current time. Most of Ardent Health's value examination focuses on studying past and present price action to predict the probability of Ardent Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardent Health's price. Additionally, you may evaluate how the addition of Ardent Health to your portfolios can decrease your overall portfolio volatility.