Neonode Gross Profit vs Operating Income Analysis

NEON Stock

USD 7.78 0.03 0.38%

Neonode financial indicator trend analysis is infinitely more than just investigating Neonode recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neonode is a good investment. Please check the relationship between Neonode Gross Profit and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. 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.

To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

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

The correlation between Neonode's Gross Profit and Operating Income is 0.47. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Neonode, assuming nothing else is changed. The correlation between historical values of Neonode's Gross Profit and Operating Income 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 Neonode are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Neonode's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Gross Profit

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

Operating Income

Operating Income is the amount of profit realized from Neonode operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Neonode is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Neonode's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neonode 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. 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.

To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.At this time, Neonode's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value is likely to grow to about 95.9 M, while Tax Provision is likely to drop about 78.8 K.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	12.0M	10.2M	10.7M	12.3M
Cost Of Revenue	955K	804K	4.5M	3.8M

Total Operating Expenses Cost Of Revenue

Neonode fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock	Current Deferred Revenue	Property Plant And Equipment Gross
Total Assets		-0.25	-0.11	0.91	-0.04	-0.83	-0.59	0.85	-0.05	-0.22	0.85	0.31	0.63	-0.04	0.61	0.3	0.64	-0.12	0.91	-0.07	0.29	-0.16	-0.5	-0.5	-0.28	0.01
Other Current Liab	-0.25		-0.03	-0.19	0.09	0.12	-0.31	-0.11	0.09	0.38	-0.11	-0.31	0.2	-0.06	-0.17	0.04	0.29	-0.04	-0.14	-0.18	-0.68	-0.24	-0.26	-0.26	0.01	0.52
Total Current Liabilities	-0.11	-0.03		-0.28	0.15	0.12	-0.31	-0.1	0.12	0.2	-0.1	0.16	-0.2	0.47	-0.36	0.14	0.25	0.88	-0.12	0.07	-0.04	0.46	-0.59	-0.59	0.73	0.35
Total Stockholder Equity	0.91	-0.19	-0.28		-0.09	-0.87	-0.55	0.91	-0.1	-0.36	0.91	0.22	0.79	-0.24	0.61	0.29	0.65	-0.39	0.95	-0.12	0.35	-0.16	-0.35	-0.35	-0.54	0.08
Property Plant And Equipment Net	-0.04	0.09	0.15	-0.09		0.48	-0.3	-0.37	1.0	0.3	-0.37	-0.06	-0.04	-0.06	0.13	0.02	0.24	0.49	-0.27	0.94	0.42	0.29	-0.21	-0.22	-0.22	-0.01
Net Debt	-0.83	0.12	0.12	-0.87	0.48		0.44	-0.99	0.49	0.28	-0.99	-0.26	-0.69	0.05	-0.36	-0.21	-0.54	0.37	-0.96	0.53	-0.01	0.26	0.37	0.37	0.19	-0.25
Retained Earnings	-0.59	-0.31	-0.31	-0.55	-0.3	0.44		-0.52	-0.28	0.1	-0.52	-0.05	-0.74	0.2	-0.34	-0.54	-0.99	-0.27	-0.57	-0.07	-0.16	-0.18	0.87	0.87	0.21	-0.47
Cash	0.85	-0.11	-0.1	0.91	-0.37	-0.99	-0.52		-0.38	-0.27	1.0	0.26	0.74	-0.09	0.38	0.23	0.61	-0.34	0.98	-0.43	0.08	-0.22	-0.42	-0.42	-0.25	0.29
Non Current Assets Total	-0.05	0.09	0.12	-0.1	1.0	0.49	-0.28	-0.38		0.3	-0.38	-0.06	-0.06	-0.06	0.12	0.02	0.22	0.47	-0.28	0.94	0.41	0.27	-0.19	-0.19	-0.23	-0.02
Non Currrent Assets Other	-0.22	0.38	0.2	-0.36	0.3	0.28	0.1	-0.27	0.3		-0.27	-0.09	-0.37	0.24	-0.24	-0.41	-0.14	0.36	-0.26	0.16	-0.53	0.04	0.0	0.0	0.4	0.21
Cash And Short Term Investments	0.85	-0.11	-0.1	0.91	-0.37	-0.99	-0.52	1.0	-0.38	-0.27		0.26	0.74	-0.09	0.38	0.23	0.61	-0.34	0.98	-0.43	0.08	-0.22	-0.42	-0.42	-0.25	0.29
Net Receivables	0.31	-0.31	0.16	0.22	-0.06	-0.26	-0.05	0.26	-0.06	-0.09	0.26		-0.13	0.39	-0.22	-0.4	0.07	0.11	0.29	0.01	0.03	0.07	-0.35	-0.35	0.14	0.18
Common Stock Shares Outstanding	0.63	0.2	-0.2	0.79	-0.04	-0.69	-0.74	0.74	-0.06	-0.37	0.74	-0.13		-0.51	0.5	0.42	0.81	-0.37	0.75	-0.19	0.25	-0.04	-0.4	-0.4	-0.61	0.33
Non Current Liabilities Total	-0.04	-0.06	0.47	-0.24	-0.06	0.05	0.2	-0.09	-0.06	0.24	-0.09	0.39	-0.51		-0.32	-0.21	-0.23	0.45	-0.1	0.01	-0.3	-0.22	-0.2	-0.2	0.71	0.1
Inventory	0.61	-0.17	-0.36	0.61	0.13	-0.36	-0.34	0.38	0.12	-0.24	0.38	-0.22	0.5	-0.32		0.5	0.37	-0.26	0.51	0.12	0.36	-0.16	-0.08	-0.08	-0.49	-0.56
Other Current Assets	0.3	0.04	0.14	0.29	0.02	-0.21	-0.54	0.23	0.02	-0.41	0.23	-0.4	0.42	-0.21	0.5		0.52	0.1	0.26	-0.06	0.26	0.02	-0.39	-0.39	-0.15	-0.11
Other Stockholder Equity	0.64	0.29	0.25	0.65	0.24	-0.54	-0.99	0.61	0.22	-0.14	0.61	0.07	0.81	-0.23	0.37	0.52		0.17	0.66	0.02	0.17	0.15	-0.84	-0.84	-0.28	0.48
Total Liab	-0.12	-0.04	0.88	-0.39	0.49	0.37	-0.27	-0.34	0.47	0.36	-0.34	0.11	-0.37	0.45	-0.26	0.1	0.17		-0.3	0.42	0.07	0.45	-0.53	-0.53	0.65	0.16
Total Current Assets	0.91	-0.14	-0.12	0.95	-0.27	-0.96	-0.57	0.98	-0.28	-0.26	0.98	0.29	0.75	-0.1	0.51	0.26	0.66	-0.3		-0.32	0.15	-0.18	-0.45	-0.45	-0.3	0.19
Short Long Term Debt Total	-0.07	-0.18	0.07	-0.12	0.94	0.53	-0.07	-0.43	0.94	0.16	-0.43	0.01	-0.19	0.01	0.12	-0.06	0.02	0.42	-0.32		0.58	0.25	-0.01	-0.01	-0.23	-0.21
Short Term Debt	0.29	-0.68	-0.04	0.35	0.42	-0.01	-0.16	0.08	0.41	-0.53	0.08	0.03	0.25	-0.3	0.36	0.26	0.17	0.07	0.15	0.58		0.38	0.03	0.03	-0.49	-0.34
Accounts Payable	-0.16	-0.24	0.46	-0.16	0.29	0.26	-0.18	-0.22	0.27	0.04	-0.22	0.07	-0.04	-0.22	-0.16	0.02	0.15	0.45	-0.18	0.25	0.38		-0.15	-0.15	0.01	0.06
Common Stock Total Equity	-0.5	-0.26	-0.59	-0.35	-0.21	0.37	0.87	-0.42	-0.19	0.0	-0.42	-0.35	-0.4	-0.2	-0.08	-0.39	-0.84	-0.53	-0.45	-0.01	0.03	-0.15		1.0	-0.2	-0.51
Common Stock	-0.5	-0.26	-0.59	-0.35	-0.22	0.37	0.87	-0.42	-0.19	0.0	-0.42	-0.35	-0.4	-0.2	-0.08	-0.39	-0.84	-0.53	-0.45	-0.01	0.03	-0.15	1.0		-0.2	-0.51
Current Deferred Revenue	-0.28	0.01	0.73	-0.54	-0.22	0.19	0.21	-0.25	-0.23	0.4	-0.25	0.14	-0.61	0.71	-0.49	-0.15	-0.28	0.65	-0.3	-0.23	-0.49	0.01	-0.2	-0.2		0.13
Property Plant And Equipment Gross	0.01	0.52	0.35	0.08	-0.01	-0.25	-0.47	0.29	-0.02	0.21	0.29	0.18	0.33	0.1	-0.56	-0.11	0.48	0.16	0.19	-0.21	-0.34	0.06	-0.51	-0.51	0.13

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Neonode Account Relationship Matchups

Neonode fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.4M	16.6M	23.0M	21.2M	19.0M	11.8M
Other Current Liab	1.5M	(286K)	413.0K	995K	1.5M	1.5M
Total Current Liabilities	3.0M	4.2M	3.0M	1.7M	1.8M	3.4M
Total Stockholder Equity	6.4M	15.1M	23.9M	19.4M	17.2M	18.0M
Property Plant And Equipment Net	2.0M	1.9M	960K	400K	394K	374.3K
Net Debt	(891K)	(8.7M)	(16.5M)	(14.6M)	(16.0M)	(15.2M)
Retained Earnings	(190.5M)	(196.2M)	(202.6M)	(207.5M)	(217.6M)	(206.7M)
Cash	2.4M	10.5M	17.4M	14.8M	16.2M	17.0M
Non Current Assets Total	2.7M	2.0M	1.9M	960K	394K	374.3K
Non Currrent Assets Other	(2.0M)	(1.9M)	(960K)	(400K)	(1.0)	(0.95)
Cash And Short Term Investments	2.4M	10.5M	17.4M	14.8M	16.2M	17.0M
Net Receivables	1.3M	2.2M	1.3M	1.4M	1.3M	1.5M
Common Stock Shares Outstanding	8.8M	10.0M	11.9M	13.6M	15.3M	16.1M
Liabilities And Stockholders Equity	7.4M	16.6M	23.0M	21.2M	19.0M	11.8M
Non Current Liabilities Total	566K	472K	182K	81K	19K	18.1K
Inventory	1.0M	1.3M	2.5M	3.8M	610K	579.5K
Other Current Assets	723K	728K	1.0M	938K	528K	537.6K
Other Stockholder Equity	197.5M	211.7M	226.9M	227.2M	235.2M	246.9M
Total Liab	3.6M	4.7M	3.2M	1.8M	1.9M	1.8M
Total Current Assets	5.4M	14.7M	22.0M	20.8M	18.6M	19.6M
Short Long Term Debt Total	1.5M	1.7M	865K	259K	106K	100.7K
Short Term Debt	900K	2.5M	1.4M	356K	174K	165.3K
Accounts Payable	555K	1.1M	776K	334K	440K	674.7K
Accumulated Other Comprehensive Income	(639K)	(404K)	(408K)	(340K)	(396K)	(415.8K)
Current Deferred Revenue	67K	138K	106K	36K	10K	9.5K
Property Plant And Equipment Gross	2.0M	1.9M	960K	400K	4.3M	4.5M
Property Plant Equipment	1.6M	1.0M	960K	282K	324.3K	308.1K
Net Tangible Assets	6.4M	15.1M	23.9M	19.4M	22.3M	11.3M
Noncontrolling Interest In Consolidated Entity	(1.2M)	(2.0M)	(2.5M)	(3.2M)	(2.9M)	(2.8M)
Retained Earnings Total Equity	(185.2M)	(190.5M)	(196.2M)	(207.5M)	(186.7M)	(196.1M)
Capital Surpluse	197.5M	197.5M	211.7M	227.2M	261.3M	200.3M
Capital Lease Obligations	1.5M	1.7M	865K	259K	106K	100.7K

Pair Trading with Neonode

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Neonode position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Neonode will appreciate offsetting losses from the drop in the long position's value.

Moving against Neonode Stock

0.59	CLS	Celestica	Pair Corr
0.55	EHGO	Eshallgo Class A	Pair Corr
0.55	JBL	Jabil Circuit Earnings Call Today	Pair Corr
0.54	MSI	Motorola Solutions	Pair Corr
0.52	CTS	CTS Corporation	Pair Corr

The ability to find closely correlated positions to Neonode could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neonode when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Neonode - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Neonode to buy it.

The correlation of Neonode is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neonode moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neonode moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Neonode can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Neonode offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Neonode's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Neonode Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Neonode Stock:

How To Invest In Neonode

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Is Neonode Stock a good investment?

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What is Neonode's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. 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.

To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Neonode. If investors know Neonode will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Neonode listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.72)

Revenue Per Share

0.245

Quarterly Revenue Growth

(0)

Return On Assets

(0.33)

Return On Equity

(0.54)

The market value of Neonode is measured differently than its book value, which is the value of Neonode that is recorded on the company's balance sheet. Investors also form their own opinion of Neonode's value that differs from its market value or its book value, called intrinsic value, which is Neonode's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Neonode's market value can be influenced by many factors that don't directly affect Neonode's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Neonode's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neonode is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neonode's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Neonode Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Neonode fundamental ratios Correlations

Neonode Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Neonode fundamental ratios Accounts

Pair Trading with Neonode

Moving against Neonode Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.98	Cash
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Current Assets	+ 0.95	Total Stockholder Equity

Other Stockholder Equity	- 0.99	Retained Earnings
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.96	Net Debt
Net Debt	- 0.87	Total Stockholder Equity
Common Stock	- 0.84	Other Stockholder Equity