| FIX Stock | | | USD 432.03 6.82 1.55% |
Comfort Systems financial indicator trend analysis is way more than just evaluating Comfort Systems USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comfort Systems USA is a good investment. Please check the relationship between Comfort Systems Total Assets and its Gross Profit Margin accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Total Assets vs Gross Profit Margin
Total Assets vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Comfort Systems USA Total Assets account and
Gross Profit Margin. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Comfort Systems' Total Assets and Gross Profit Margin is -0.09. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Comfort Systems USA, assuming nothing else is changed. The correlation between historical values of Comfort Systems' Total Assets and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Comfort Systems USA are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Total Assets i.e., Comfort Systems' Total Assets and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Comfort Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Comfort Systems USA books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Gross Profit Margin
Most indicators from Comfort Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comfort Systems USA 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 Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
At this time, Comfort Systems'
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 62.4
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (12.8
K).
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 563.2M | 741.6M | 990.5M | 1.0B | Total Revenue | 3.1B | 4.1B | 5.2B | 5.5B |
Comfort Systems fundamental ratios Correlations
Click cells to compare fundamentals
Comfort Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Comfort Systems fundamental ratios Accounts
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Additional Tools for Comfort Stock Analysis
When running Comfort Systems' price analysis, check to
measure Comfort Systems' 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 Comfort Systems is operating at the current time. Most of Comfort Systems' value examination focuses on studying past and present price action to
predict the probability of Comfort Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comfort Systems' price. Additionally, you may evaluate how the addition of Comfort Systems to your portfolios can decrease your overall portfolio volatility.