Diageo Net Income vs Gross Profit Analysis

DGE Stock

2,434 56.50 2.38%

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

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diageo PLC Net Income account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Diageo PLC's Net Income and Gross Profit is -0.38. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Diageo PLC, assuming nothing else is changed. The correlation between historical values of Diageo PLC's Net Income 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 Net Income of Diageo PLC 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 Net Income i.e., Diageo PLC's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Diageo PLC financial statement analysis. It represents the amount of money remaining after all of Diageo PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Diageo PLC minus its cost of goods sold. It is profit before Diageo PLC 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 Diageo PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diageo PLC 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diageo PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The current year's Issuance Of Capital Stock is expected to grow to about 29.7 M, whereas Selling General Administrative is forecasted to decline to about 27.7 M.

	2022	2023	2024	2025 (projected)
Interest Expense	794M	1.1B	393M	532.2M
Depreciation And Amortization	496M	537.8M	342M	409.1M

Interest Expense Depreciation And Amortization

Diageo PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.91	-0.12	0.58	0.53	0.91	0.59	0.92	0.87	0.9	0.17	0.98	0.9	0.08	-0.44	0.11	-0.7	-0.26	0.93	0.97	-0.29	-0.39	0.96	0.64	0.82	-0.69
Short Long Term Debt Total	0.91		-0.01	0.67	0.17	0.94	0.4	0.97	0.72	0.84	0.39	0.82	0.78	0.3	-0.35	0.24	-0.62	-0.12	0.96	0.93	-0.16	-0.53	0.98	0.59	0.93	-0.63
Other Current Liab	-0.12	-0.01		-0.04	-0.27	-0.05	0.12	0.09	-0.16	-0.21	-0.33	-0.06	0.06	-0.41	-0.31	0.21	-0.18	-0.32	0.12	0.02	-0.18	-0.54	-0.05	-0.37	-0.02	-0.3
Total Current Liabilities	0.58	0.67	-0.04		0.09	0.76	-0.23	0.64	0.51	0.76	0.34	0.46	0.28	0.32	0.26	0.6	-0.32	0.28	0.57	0.6	0.24	0.02	0.63	0.38	0.82	-0.18
Total Stockholder Equity	0.53	0.17	-0.27	0.09		0.33	0.53	0.27	0.74	0.46	-0.41	0.64	0.52	-0.45	-0.3	-0.19	-0.29	-0.29	0.29	0.42	-0.23	0.22	0.29	0.19	0.16	-0.43
Property Plant And Equipment Net	0.91	0.94	-0.05	0.76	0.33		0.37	0.95	0.84	0.91	0.21	0.82	0.76	0.15	-0.24	0.42	-0.5	0.02	0.92	0.94	-0.02	-0.38	0.93	0.65	0.96	-0.64
Current Deferred Revenue	0.59	0.4	0.12	-0.23	0.53	0.37		0.48	0.57	0.37	-0.26	0.68	0.8	-0.36	-0.87	-0.4	-0.48	-0.57	0.59	0.58	-0.5	-0.54	0.5	0.23	0.23	-0.8
Net Debt	0.92	0.97	0.09	0.64	0.27	0.95	0.48		0.77	0.84	0.17	0.87	0.82	0.08	-0.43	0.24	-0.66	-0.15	0.98	0.96	-0.17	-0.55	0.96	0.55	0.9	-0.74
Retained Earnings	0.87	0.72	-0.16	0.51	0.74	0.84	0.57	0.77		0.83	-0.06	0.87	0.8	-0.12	-0.36	0.14	-0.43	-0.19	0.78	0.84	-0.14	-0.19	0.75	0.44	0.73	-0.69
Accounts Payable	0.9	0.84	-0.21	0.76	0.46	0.91	0.37	0.84	0.83		0.22	0.84	0.72	0.17	-0.19	0.3	-0.49	0.02	0.83	0.88	-0.03	-0.14	0.88	0.61	0.88	-0.55
Cash	0.17	0.39	-0.33	0.34	-0.41	0.21	-0.26	0.17	-0.06	0.22		0.01	0.02	0.98	0.2	0.11	0.0	0.09	0.18	0.1	0.03	-0.09	0.32	0.27	0.39	0.29
Non Current Assets Total	0.98	0.82	-0.06	0.46	0.64	0.82	0.68	0.87	0.87	0.84	0.01		0.91	-0.1	-0.53	-0.03	-0.75	-0.37	0.89	0.93	-0.37	-0.37	0.9	0.54	0.7	-0.74
Non Currrent Assets Other	0.9	0.78	0.06	0.28	0.52	0.76	0.8	0.82	0.8	0.72	0.02	0.91		-0.1	-0.61	0.0	-0.61	-0.53	0.86	0.89	-0.43	-0.62	0.85	0.56	0.64	-0.78
Cash And Short Term Investments	0.08	0.3	-0.41	0.32	-0.45	0.15	-0.36	0.08	-0.12	0.17	0.98	-0.1	-0.1		0.35	0.2	0.15	0.26	0.08	0.0	0.1	0.03	0.23	0.29	0.34	0.4
Net Receivables	-0.44	-0.35	-0.31	0.26	-0.3	-0.24	-0.87	-0.43	-0.36	-0.19	0.2	-0.53	-0.61	0.35		0.53	0.55	0.54	-0.54	-0.45	0.34	0.57	-0.39	0.04	-0.17	0.81
Common Stock Total Equity	0.11	0.24	0.21	0.6	-0.19	0.42	-0.4	0.24	0.14	0.3	0.11	-0.03	0.0	0.2	0.53		0.24	0.42	0.16	0.22	0.27	-0.06	0.19	0.41	0.47	0.11
Common Stock Shares Outstanding	-0.7	-0.62	-0.18	-0.32	-0.29	-0.5	-0.48	-0.66	-0.43	-0.49	0.0	-0.75	-0.61	0.15	0.55	0.24		0.46	-0.67	-0.7	0.42	0.42	-0.69	-0.28	-0.42	0.59
Short Term Investments	-0.26	-0.12	-0.32	0.28	-0.29	0.02	-0.57	-0.15	-0.19	0.02	0.09	-0.37	-0.53	0.26	0.54	0.42	0.46		-0.21	-0.23	0.68	0.53	-0.19	0.05	0.12	0.28
Non Current Liabilities Total	0.93	0.96	0.12	0.57	0.29	0.92	0.59	0.98	0.78	0.83	0.18	0.89	0.86	0.08	-0.54	0.16	-0.67	-0.21		0.96	-0.21	-0.59	0.96	0.51	0.89	-0.81
Inventory	0.97	0.93	0.02	0.6	0.42	0.94	0.58	0.96	0.84	0.88	0.1	0.93	0.89	0.0	-0.45	0.22	-0.7	-0.23	0.96		-0.25	-0.51	0.96	0.65	0.86	-0.75
Other Current Assets	-0.29	-0.16	-0.18	0.24	-0.23	-0.02	-0.5	-0.17	-0.14	-0.03	0.03	-0.37	-0.43	0.1	0.34	0.27	0.42	0.68	-0.21	-0.25		0.41	-0.24	-0.09	0.09	0.11
Other Stockholder Equity	-0.39	-0.53	-0.54	0.02	0.22	-0.38	-0.54	-0.55	-0.19	-0.14	-0.09	-0.37	-0.62	0.03	0.57	-0.06	0.42	0.53	-0.59	-0.51	0.41		-0.51	-0.27	-0.36	0.56
Total Liab	0.96	0.98	-0.05	0.63	0.29	0.93	0.5	0.96	0.75	0.88	0.32	0.9	0.85	0.23	-0.39	0.19	-0.69	-0.19	0.96	0.96	-0.24	-0.51		0.67	0.89	-0.65
Property Plant And Equipment Gross	0.64	0.59	-0.37	0.38	0.19	0.65	0.23	0.55	0.44	0.61	0.27	0.54	0.56	0.29	0.04	0.41	-0.28	0.05	0.51	0.65	-0.09	-0.27	0.67		0.56	-0.21
Total Current Assets	0.82	0.93	-0.02	0.82	0.16	0.96	0.23	0.9	0.73	0.88	0.39	0.7	0.64	0.34	-0.17	0.47	-0.42	0.12	0.89	0.86	0.09	-0.36	0.89	0.56		-0.56
Short Term Debt	-0.69	-0.63	-0.3	-0.18	-0.43	-0.64	-0.8	-0.74	-0.69	-0.55	0.29	-0.74	-0.78	0.4	0.81	0.11	0.59	0.28	-0.81	-0.75	0.11	0.56	-0.65	-0.21	-0.56

Click cells to compare fundamentals

Diageo PLC Account Relationship Matchups

Diageo PLC fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.0B	36.5B	35.6B	36.0B	17.9B	25.0B
Short Long Term Debt Total	15.0B	16.4B	16.9B	18.6B	6.3B	10.5B
Other Current Liab	91M	943M	540M	3.3B	110.9M	105.3M
Total Current Liabilities	7.1B	8.4B	7.6B	9.9B	5.1B	6.6B
Total Stockholder Equity	6.9B	7.8B	7.8B	7.9B	6.6B	6.7B
Property Plant And Equipment Net	4.8B	5.8B	6.1B	6.7B	3.3B	3.8B
Current Deferred Revenue	541M	90M	73M	66.5M	(1.1B)	(1.1B)
Net Debt	12.0B	13.7B	15.1B	17.5B	4.8B	8.9B
Retained Earnings	5.1B	5.4B	5.7B	7.7B	2.2B	1.7B
Accounts Payable	4.6B	5.9B	5.3B	6.4B	1.4B	2.4B
Cash	2.7B	2.3B	1.4B	1.1B	1.4B	1.5B
Non Current Assets Total	20.5B	23.6B	23.2B	24.0B	9.8B	16.3B
Non Currrent Assets Other	1.2B	1.9B	1.5B	1.5B	(843M)	(800.9M)
Cash And Short Term Investments	2.9B	2.5B	1.8B	1.1B	2.1B	1.6B
Net Receivables	2.4B	2.8B	2.7B	2.1B	3.1B	2.4B
Common Stock Total Equity	753M	742M	741M	1.0B	908.1M	682.9M
Common Stock Shares Outstanding	2.3B	2.3B	2.3B	2.2B	4.1B	2.2B
Short Term Investments	121M	251M	347M	355M	605M	522.5M
Liabilities And Stockholders Equity	32.0B	36.5B	35.6B	36.0B	17.3B	24.9B
Non Current Liabilities Total	16.4B	18.6B	18.7B	23.5B	5.6B	10.9B
Inventory	6.0B	7.1B	7.7B	7.7B	2.3B	4.3B
Other Current Assets	150M	3.3B	229M	4.1B	6.3B	6.6B
Other Stockholder Equity	(526M)	(487M)	(463M)	(690.0M)	3.4B	3.6B
Total Liab	23.5B	27.0B	26.3B	26.4B	10.7B	17.2B
Property Plant And Equipment Gross	4.8B	9.5B	9.6B	3.3B	3.8B	3.9B
Total Current Assets	11.4B	12.9B	12.4B	15.1B	8.1B	8.9B
Accumulated Other Comprehensive Income	1.6B	2.2B	1.9B	(72.0M)	(1.5B)	(1.4B)
Short Term Debt	1.9B	1.5B	1.7B	75.2M	2.9B	1.9B
Intangible Assets	8.8B	9.6B	9.3B	9.5B	4.9B	7.6B
Common Stock	741M	723M	712M	887M	1.0B	676.1M
Other Liab	3.2B	3.1B	3.6B	3.2B	3.6B	2.2B
Other Assets	1.4B	2.1B	1.5B	(3.2B)	(3.6B)	(3.5B)
Long Term Debt	12.9B	14.5B	14.8B	18.6B	21.4B	22.5B
Good Will	2.0B	2.3B	2.2B	2.3B	2.6B	1.4B
Property Plant Equipment	4.9B	4.8B	5.8B	6.3B	7.2B	3.7B
Net Tangible Assets	(4.2B)	(4.5B)	(3.9B)	(4.1B)	(3.7B)	(3.9B)
Short Long Term Debt	2.0B	1.9B	1.5B	1.7B	1.5B	2.1B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

BTC	Bitcoin
TRX	TRON
BNB	Binance Coin

Other Information on Investing in Diageo Stock

Balance Sheet is a snapshot of the financial position of Diageo PLC at a specified time, usually calculated after every quarter, six months, or one year. Diageo PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Diageo PLC 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 Diageo currently owns. An asset can also be divided into two categories, current and non-current.

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

Diageo Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

Diageo PLC fundamental ratios Correlations

Diageo PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Diageo PLC fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Diageo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Net Debt
Cash And Short Term Investments	+ 0.98	Cash
Inventory	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total

Net Receivables	- 0.87	Current Deferred Revenue
Short Term Debt	- 0.81	Non Current Liabilities Total
Short Term Debt	- 0.8	Current Deferred Revenue
Short Term Debt	- 0.78	Non Currrent Assets Other
Short Term Debt	- 0.75	Inventory
Common Stock Shares Outstanding	- 0.75	Non Current Assets Total