GKOS Stock | | | USD 140.32 2.57 1.80% |
Glaukos Corp financial indicator trend analysis is much more than just examining Glaukos Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glaukos Corp is a good investment. Please check the relationship between Glaukos Corp Total Assets and its Total Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy Glaukos Stock please use our
How to Invest in Glaukos Corp guide.
Total Assets vs Total Revenue
Total Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Glaukos Corp Total Assets account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Glaukos Corp's Total Assets and Total Revenue is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Glaukos Corp, assuming nothing else is changed. The correlation between historical values of Glaukos Corp's Total Assets 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 Total Assets of Glaukos Corp 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 Total Assets i.e., Glaukos Corp's Total Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Glaukos Corp 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 Glaukos Corp 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.
Total Revenue
Total revenue comprises all receipts Glaukos Corp 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 Glaukos Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glaukos Corp 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy Glaukos Stock please use our
How to Invest in Glaukos Corp guide.At this time, Glaukos Corp's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 1.01 in 2024, whereas
Selling General Administrative is likely to drop slightly above 120.3
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 227.4M | 213.9M | 239.1M | 139.0M | Total Revenue | 294.0M | 282.9M | 314.7M | 178.7M |
Glaukos Corp fundamental ratios Correlations
Click cells to compare fundamentals
Glaukos Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glaukos Corp fundamental ratios Accounts
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Additional Tools for Glaukos Stock Analysis
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measure Glaukos Corp'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 Glaukos Corp is operating at the current time. Most of Glaukos Corp's value examination focuses on studying past and present price action to
predict the probability of Glaukos Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glaukos Corp's price. Additionally, you may evaluate how the addition of Glaukos Corp to your portfolios can decrease your overall portfolio volatility.