Olaplex Net Income From Continuing Ops vs Gross Profit Analysis
OLPX Stock | USD 2.10 0.04 1.94% |
Olaplex Holdings financial indicator trend analysis is much more than just breaking down Olaplex Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olaplex Holdings is a good investment. Please check the relationship between Olaplex Holdings Net Income From Continuing Ops and its Gross Profit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olaplex Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Olaplex Stock please use our How to Invest in Olaplex Holdings guide.
Net Income From Continuing Ops vs Gross Profit
Net Income From Continuing Ops vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olaplex Holdings Net Income From Continuing Ops account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Olaplex Holdings' Net Income From Continuing Ops and Gross Profit is 0.94. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Olaplex Holdings, assuming nothing else is changed. The correlation between historical values of Olaplex Holdings' Net Income From Continuing Ops 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 From Continuing Ops of Olaplex Holdings 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 From Continuing Ops i.e., Olaplex Holdings' Net Income From Continuing Ops and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income From Continuing Ops
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Olaplex Holdings minus its cost of goods sold. It is profit before Olaplex Holdings 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 Olaplex Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olaplex Holdings 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olaplex Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Olaplex Stock please use our How to Invest in Olaplex Holdings guide.Tax Provision is likely to rise to about 31.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 82.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 473.8M | 519.6M | 318.6M | 353.9M | Total Revenue | 598.4M | 704.3M | 458.3M | 482.1M |
Olaplex Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Olaplex Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.Additional Tools for Olaplex Stock Analysis
When running Olaplex Holdings' price analysis, check to measure Olaplex Holdings' 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 Olaplex Holdings is operating at the current time. Most of Olaplex Holdings' value examination focuses on studying past and present price action to predict the probability of Olaplex Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olaplex Holdings' price. Additionally, you may evaluate how the addition of Olaplex Holdings to your portfolios can decrease your overall portfolio volatility.