| BGFV Stock | | | USD 1.70 0.04 2.41% |
Big 5 financial indicator trend analysis is way more than just evaluating Big 5 Sporting prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Big 5 Sporting is a good investment. Please check the relationship between Big 5 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 Big 5 Sporting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
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
Big 5 Sporting Other Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Big 5's Other Operating Expenses and Gross Profit is 0.81. 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 Big 5 Sporting, assuming nothing else is changed. The correlation between historical values of Big 5'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 Big 5 Sporting 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., Big 5's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Big 5 Sporting. It is also known as Big 5 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 Big 5 Sporting minus its cost of goods sold. It is profit before Big 5 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 Big 5's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Big 5 Sporting 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 Big 5 Sporting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Big 5's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 52.13 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.21 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 435.8M | 341.2M | 285.8M | 330.4M | Total Revenue | 1.2B | 995.5M | 884.7M | 985.8M |
Big 5 fundamental ratios Correlations
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Big 5 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Big 5 fundamental ratios Accounts
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