Elevance Gross Profit vs Total Revenue Analysis

ELV Stock

USD 406.96 4.21 1.05%

Elevance Health financial indicator trend analysis is much more than just examining Elevance Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elevance Health is a good investment. Please check the relationship between Elevance Health Gross Profit and its Total Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. 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.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elevance Health Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Elevance Health's Gross Profit and Total Revenue is 0.55. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Elevance Health, assuming nothing else is changed. The correlation between historical values of Elevance Health's Gross Profit and Total Revenue 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 Elevance Health are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Elevance Health's Gross Profit and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Elevance Health minus its cost of goods sold. It is profit before Elevance 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.

Total Revenue

Total revenue comprises all receipts Elevance Health generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Elevance Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elevance Health 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 Elevance Health. 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.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.At this time, Elevance Health's Discontinued Operations is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 1.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	36.0B	40.0B	154.0B	161.7B
Total Revenue	138.6B	156.6B	171.3B	179.9B

Gross Profit Total Revenue

Elevance Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Short Term Investments	Other Current Assets	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.97	0.99	0.93	-0.24	-0.12	0.98	0.47	0.84	0.16	0.65	0.74	0.81	0.58	0.9	0.98	0.98	0.81	0.9	0.76	0.81	0.82	0.01	0.33	0.78	0.09
Short Long Term Debt Total	0.97		0.96	0.98	-0.37	-0.16	0.99	0.43	0.79	0.04	0.57	0.72	0.76	0.56	0.86	1.0	0.92	0.77	0.89	0.69	0.74	0.84	-0.02	0.44	0.85	0.12
Total Stockholder Equity	0.99	0.96		0.92	-0.27	-0.01	0.96	0.58	0.84	0.09	0.6	0.78	0.8	0.59	0.87	0.96	0.97	0.81	0.94	0.74	0.79	0.87	0.08	0.35	0.78	0.23
Net Debt	0.93	0.98	0.92		-0.48	-0.08	0.96	0.48	0.73	-0.07	0.48	0.74	0.68	0.56	0.74	0.97	0.87	0.72	0.89	0.6	0.65	0.87	-0.05	0.51	0.84	0.18
Other Assets	-0.24	-0.37	-0.27	-0.48		-0.08	-0.34	-0.24	-0.03	0.8	0.32	-0.54	0.05	-0.22	-0.03	-0.37	-0.18	-0.08	-0.37	0.13	0.06	-0.63	0.05	-0.96	-0.31	-0.4
Common Stock Shares Outstanding	-0.12	-0.16	-0.01	-0.08	-0.08		-0.1	0.7	-0.18	-0.24	-0.37	0.19	-0.29	-0.25	-0.33	-0.18	-0.03	-0.14	0.24	-0.34	-0.34	0.17	0.09	-0.07	-0.17	0.77
Non Current Liabilities Total	0.98	0.99	0.96	0.96	-0.34	-0.1		0.48	0.81	0.11	0.6	0.74	0.76	0.55	0.85	0.99	0.94	0.77	0.91	0.69	0.74	0.82	-0.06	0.38	0.81	0.12
Other Stockholder Equity	0.47	0.43	0.58	0.48	-0.24	0.7	0.48		0.52	-0.07	0.25	0.69	0.41	0.36	0.24	0.43	0.49	0.51	0.78	0.35	0.36	0.68	0.17	0.16	0.38	0.79
Total Liab	0.84	0.79	0.84	0.73	-0.03	-0.18	0.81	0.52		0.38	0.9	0.68	0.98	0.8	0.8	0.82	0.81	0.96	0.81	0.96	0.97	0.69	0.07	0.11	0.66	0.04
Other Current Liab	0.16	0.04	0.09	-0.07	0.8	-0.24	0.11	-0.07	0.38		0.71	-0.26	0.42	0.03	0.33	0.07	0.17	0.29	0.01	0.49	0.44	-0.33	-0.1	-0.78	0.01	-0.45
Total Current Liabilities	0.65	0.57	0.6	0.48	0.32	-0.37	0.6	0.25	0.9	0.71		0.34	0.92	0.68	0.71	0.61	0.62	0.83	0.52	0.94	0.91	0.31	0.06	-0.24	0.48	-0.26
Other Liab	0.74	0.72	0.78	0.74	-0.54	0.19	0.74	0.69	0.68	-0.26	0.34		0.6	0.63	0.51	0.73	0.74	0.68	0.85	0.53	0.57	0.91	-0.02	0.56	0.62	0.44
Retained Earnings	0.81	0.76	0.8	0.68	0.05	-0.29	0.76	0.41	0.98	0.42	0.92	0.6		0.79	0.83	0.78	0.77	0.93	0.73	0.99	0.99	0.62	0.12	0.07	0.65	-0.03
Accounts Payable	0.58	0.56	0.59	0.56	-0.22	-0.25	0.55	0.36	0.8	0.03	0.68	0.63	0.79		0.48	0.6	0.56	0.8	0.57	0.79	0.76	0.6	0.26	0.28	0.5	0.04
Cash	0.9	0.86	0.87	0.74	-0.03	-0.33	0.85	0.24	0.8	0.33	0.71	0.51	0.83	0.48		0.87	0.86	0.78	0.71	0.78	0.83	0.61	0.06	0.18	0.71	-0.06
Long Term Debt	0.98	1.0	0.96	0.97	-0.37	-0.18	0.99	0.43	0.82	0.07	0.61	0.73	0.78	0.6	0.87		0.93	0.79	0.89	0.72	0.77	0.84	-0.05	0.44	0.82	0.1
Short Term Investments	0.98	0.92	0.97	0.87	-0.18	-0.03	0.94	0.49	0.81	0.17	0.62	0.74	0.77	0.56	0.86	0.93		0.77	0.89	0.73	0.77	0.79	0.03	0.26	0.68	0.08
Other Current Assets	0.81	0.77	0.81	0.72	-0.08	-0.14	0.77	0.51	0.96	0.29	0.83	0.68	0.93	0.8	0.78	0.79	0.77		0.78	0.88	0.89	0.7	0.18	0.16	0.69	0.09
Intangible Assets	0.9	0.89	0.94	0.89	-0.37	0.24	0.91	0.78	0.81	0.01	0.52	0.85	0.73	0.57	0.71	0.89	0.89	0.78		0.65	0.7	0.92	0.03	0.38	0.71	0.43
Property Plant Equipment	0.76	0.69	0.74	0.6	0.13	-0.34	0.69	0.35	0.96	0.49	0.94	0.53	0.99	0.79	0.78	0.72	0.73	0.88	0.65		0.99	0.53	0.12	-0.01	0.56	-0.12
Property Plant And Equipment Net	0.81	0.74	0.79	0.65	0.06	-0.34	0.74	0.36	0.97	0.44	0.91	0.57	0.99	0.76	0.83	0.77	0.77	0.89	0.7	0.99		0.6	0.09	0.08	0.6	-0.08
Non Current Assets Total	0.82	0.84	0.87	0.87	-0.63	0.17	0.82	0.68	0.69	-0.33	0.31	0.91	0.62	0.6	0.61	0.84	0.79	0.7	0.92	0.53	0.6		0.07	0.68	0.68	0.48
Non Currrent Assets Other	0.01	-0.02	0.08	-0.05	0.05	0.09	-0.06	0.17	0.07	-0.1	0.06	-0.02	0.12	0.26	0.06	-0.05	0.03	0.18	0.03	0.12	0.09	0.07		0.03	-0.04	0.11
Cash And Short Term Investments	0.33	0.44	0.35	0.51	-0.96	-0.07	0.38	0.16	0.11	-0.78	-0.24	0.56	0.07	0.28	0.18	0.44	0.26	0.16	0.38	-0.01	0.08	0.68	0.03		0.34	0.31
Net Receivables	0.78	0.85	0.78	0.84	-0.31	-0.17	0.81	0.38	0.66	0.01	0.48	0.62	0.65	0.5	0.71	0.82	0.68	0.69	0.71	0.56	0.6	0.68	-0.04	0.34		0.18
Common Stock Total Equity	0.09	0.12	0.23	0.18	-0.4	0.77	0.12	0.79	0.04	-0.45	-0.26	0.44	-0.03	0.04	-0.06	0.1	0.08	0.09	0.43	-0.12	-0.08	0.48	0.11	0.31	0.18

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Elevance Health Account Relationship Matchups

Elevance Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	77.5B	86.6B	97.3B	102.8B	108.9B	57.8B
Short Long Term Debt Total	20.1B	20.0B	23.0B	24.1B	25.1B	12.6B
Total Stockholder Equity	31.7B	33.2B	36.1B	36.3B	39.3B	23.6B
Net Debt	15.1B	14.3B	18.2B	16.7B	18.6B	9.6B
Other Assets	(11.3B)	(13.7B)	(14.8B)	1.9B	1.7B	1.8B
Liabilities And Stockholders Equity	77.5B	86.6B	97.3B	102.8B	108.9B	57.8B
Non Current Liabilities Total	20.0B	21.4B	23.8B	26.7B	27.7B	14.1B
Other Stockholder Equity	9.4B	9.2B	9.1B	9.1B	8.9B	11.1B
Total Liab	45.7B	53.4B	61.2B	66.4B	69.5B	73.0B
Other Current Liab	(16.4B)	(18.8B)	(21.5B)	31.0B	15.5B	16.3B
Total Current Liabilities	16.4B	18.8B	21.5B	39.7B	41.8B	43.9B
Other Liab	3.8B	4.6B	5.1B	3.6B	4.1B	3.9B
Retained Earnings	22.6B	23.8B	27.1B	29.7B	31.7B	33.3B
Accounts Payable	13.0B	16.9B	18.5B	5.6B	23.0B	24.2B
Cash	4.9B	5.7B	4.9B	7.4B	6.5B	3.3B
Long Term Debt	17.8B	19.3B	21.2B	22.3B	23.2B	12.5B
Short Term Investments	19.7B	23.4B	26.3B	26.0B	29.6B	15.6B
Other Current Assets	29.1B	34.3B	38.5B	39.3B	43.5B	45.7B
Intangible Assets	8.7B	9.4B	10.6B	10.3B	10.3B	8.3B
Property Plant Equipment	3.1B	3.5B	3.9B	4.3B	5.0B	5.2B
Property Plant And Equipment Net	3.1B	3.5B	3.9B	4.3B	4.4B	4.6B
Non Current Assets Total	53.5B	60.1B	67.5B	47.2B	48.9B	43.7B
Non Currrent Assets Other	(801M)	(1.7B)	(103M)	(19.8B)	2.8B	3.0B
Cash And Short Term Investments	24.6B	29.2B	31.1B	7.4B	6.5B	6.2B
Net Receivables	10.6B	5.7B	7.8B	9.0B	10.0B	6.2B
Property Plant And Equipment Gross	2.2B	2.7B	3.1B	3.5B	4.0B	4.2B
Total Current Assets	35.2B	40.1B	44.6B	55.6B	60.0B	63.0B
Accumulated Other Comprehensive Income	(296M)	150M	(178M)	(2.5B)	(1.3B)	(1.2B)
Short Term Debt	2.0B	2.3B	700M	1.9B	1.9B	1.2B
Current Deferred Revenue	1.0B	1.3B	1.2B	1.1B	1.4B	1.5B
Good Will	20.5B	21.7B	24.2B	24.4B	25.3B	17.6B
Inventory	(29.1B)	(34.3B)	(38.5B)	(11.4B)	(46.3B)	(44.0B)
Retained Earnings Total Equity	22.6B	23.8B	27.1B	29.7B	34.2B	17.6B
Deferred Long Term Liab	2.2B	2.0B	2.8B	2.0B	2.3B	2.4B
Net Tangible Assets	2.6B	2.1B	1.2B	1.6B	1.9B	1.9B
Long Term Debt Total	17.8B	19.3B	21.2B	22.3B	25.7B	17.9B

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