Safety Gross Profit vs Cost Of Revenue Analysis

SHOTW Stock   0.17  0.0001  0.06%   
Safety Shot financial indicator trend analysis is much more than just breaking down Safety Shot prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Safety Shot is a good investment. Please check the relationship between Safety Shot Gross Profit and its Cost Of Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Shot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Safety Stock please use our How to Invest in Safety Shot guide.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Shot Gross Profit account and Cost Of Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Safety Shot's Gross Profit and Cost Of Revenue is 0.99. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Safety Shot, assuming nothing else is changed. The correlation between historical values of Safety Shot's Gross Profit and Cost Of 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 Safety Shot are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., Safety Shot's Gross Profit and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Gross Profit

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

Cost Of Revenue

Cost of Revenue is found on Safety Shot income statement and represents the costs associated with goods and services Safety Shot provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Safety Shot's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Safety Shot 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Shot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Safety Stock please use our How to Invest in Safety Shot guide.Issuance Of Capital Stock is likely to climb to about 9.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 11.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense1.7M1.3M383.0K363.9K
Interest Income7.3K1.7K57.4K60.3K

Safety Shot fundamental ratios Correlations

0.410.670.96-0.830.860.850.80.910.910.90.910.820.710.990.471.00.910.890.92-0.12-0.39
0.410.760.22-0.630.64-0.01-0.090.630.550.570.230.660.760.320.750.380.620.060.59-0.68-0.8
0.670.760.45-0.930.890.190.10.830.740.770.450.871.00.570.970.620.840.250.79-0.77-0.77
0.960.220.45-0.660.670.940.910.750.80.760.960.620.510.990.240.970.760.970.80.16-0.29
-0.83-0.63-0.93-0.66-0.96-0.42-0.34-0.96-0.92-0.94-0.57-0.96-0.95-0.75-0.81-0.8-0.96-0.51-0.950.620.61
0.860.640.890.67-0.960.510.430.980.920.940.620.990.910.780.780.830.980.560.93-0.6-0.48
0.85-0.010.190.94-0.420.511.00.580.640.590.920.440.240.91-0.020.870.590.980.620.390.01
0.8-0.090.10.91-0.340.431.00.50.560.520.890.360.150.86-0.10.820.510.960.540.470.08
0.910.630.830.75-0.960.980.580.50.980.990.650.980.860.840.680.891.00.660.99-0.49-0.48
0.910.550.740.8-0.920.920.640.560.981.00.660.940.780.860.560.90.980.730.99-0.38-0.41
0.90.570.770.76-0.940.940.590.520.991.00.630.960.810.830.60.880.990.690.99-0.44-0.43
0.910.230.450.96-0.570.620.920.890.650.660.630.530.490.950.280.910.670.90.680.2-0.34
0.820.660.870.62-0.960.990.440.360.980.940.960.530.90.730.760.790.980.520.94-0.64-0.47
0.710.761.00.51-0.950.910.240.150.860.780.810.490.90.620.950.670.870.310.83-0.74-0.76
0.990.320.570.99-0.750.780.910.860.840.860.830.950.730.620.370.990.840.930.870.02-0.35
0.470.750.970.24-0.810.78-0.02-0.10.680.560.60.280.760.950.370.420.690.020.62-0.85-0.76
1.00.380.620.97-0.80.830.870.820.890.90.880.910.790.670.990.420.890.910.91-0.07-0.37
0.910.620.840.76-0.960.980.590.511.00.980.990.670.980.870.840.690.890.660.98-0.49-0.48
0.890.060.250.97-0.510.560.980.960.660.730.690.90.520.310.930.020.910.660.710.32-0.06
0.920.590.790.8-0.950.930.620.540.990.990.990.680.940.830.870.620.910.980.71-0.41-0.51
-0.12-0.68-0.770.160.62-0.60.390.47-0.49-0.38-0.440.2-0.64-0.740.02-0.85-0.07-0.490.32-0.410.5
-0.39-0.8-0.77-0.290.61-0.480.010.08-0.48-0.41-0.43-0.34-0.47-0.76-0.35-0.76-0.37-0.48-0.06-0.510.5
Click cells to compare fundamentals

Safety Shot Account Relationship Matchups

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Additional Tools for Safety Stock Analysis

When running Safety Shot's price analysis, check to measure Safety Shot'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 Safety Shot is operating at the current time. Most of Safety Shot's value examination focuses on studying past and present price action to predict the probability of Safety Shot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Shot's price. Additionally, you may evaluate how the addition of Safety Shot to your portfolios can decrease your overall portfolio volatility.