Silly Net Income vs Gross Profit Analysis

SILLYMONKS   21.54  0.13  0.61%   
Silly Monks financial indicator trend analysis is much more than just breaking down Silly Monks Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Silly Monks Entertainment is a good investment. Please check the relationship between Silly Monks Net Income and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silly Monks Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Silly Monks Entertainment Net Income account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Silly Monks' Net Income and Gross Profit is 0.4. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Silly Monks Entertainment, assuming nothing else is changed. The correlation between historical values of Silly Monks' Net Income 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 of Silly Monks Entertainment 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 i.e., Silly Monks' Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Silly Monks Entertainment financial statement analysis. It represents the amount of money remaining after all of Silly Monks Entertainment operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Silly Monks Entertainment minus its cost of goods sold. It is profit before Silly Monks 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 Silly Monks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Silly Monks Entertainment 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 Silly Monks Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
As of the 29th of November 2024, Tax Provision is likely to grow to about 1 M, while Selling General Administrative is likely to drop about 3.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit22.3M9.0M33.8M32.2M
Total Revenue266.8M193.6M221.9M180.6M

Silly Monks fundamental ratios Correlations

0.640.760.770.990.63-0.50.110.510.640.960.320.750.890.73-0.050.380.860.780.90.830.990.860.730.34-0.75
0.640.820.380.630.690.180.290.030.060.740.470.310.440.540.020.740.850.670.60.540.560.610.260.67-0.52
0.760.820.330.80.8-0.240.54-0.050.40.890.150.570.550.50.170.520.820.580.690.440.660.830.30.49-0.39
0.770.380.330.670.11-0.26-0.330.910.330.650.320.380.760.86-0.240.10.620.760.570.970.820.570.850.27-0.86
0.990.630.80.670.69-0.550.210.380.680.970.260.80.870.640.00.370.850.730.90.720.960.890.670.3-0.66
0.630.690.80.110.69-0.360.52-0.190.570.730.490.760.410.260.380.750.540.210.80.290.540.640.040.58-0.13
-0.50.18-0.24-0.26-0.55-0.36-0.01-0.22-0.96-0.450.07-0.84-0.4-0.23-0.250.17-0.09-0.04-0.6-0.21-0.51-0.45-0.390.090.11
0.110.290.54-0.330.210.52-0.01-0.570.080.23-0.080.160.12-0.320.370.140.15-0.120.09-0.270.030.48-0.460.070.46
0.510.03-0.050.910.38-0.19-0.22-0.570.20.330.250.190.550.7-0.35-0.080.320.530.340.840.590.250.80.13-0.76
0.640.060.40.330.680.57-0.960.080.20.590.160.950.50.330.320.080.240.150.780.330.640.570.40.09-0.19
0.960.740.890.650.970.73-0.450.230.330.590.240.730.790.710.030.450.880.720.870.730.90.880.620.43-0.67
0.320.470.150.320.260.490.07-0.080.250.160.240.370.250.320.250.730.240.170.540.480.360.20.060.63-0.23
0.750.310.570.380.80.76-0.840.160.190.950.730.370.570.40.310.350.430.270.920.440.740.670.40.31-0.29
0.890.440.550.760.870.41-0.40.120.550.50.790.250.570.61-0.090.190.710.70.710.770.920.770.690.0-0.66
0.730.540.50.860.640.26-0.23-0.320.70.330.710.320.40.610.00.290.650.730.610.890.720.550.80.41-0.83
-0.050.020.17-0.240.00.38-0.250.37-0.350.320.030.250.31-0.090.00.12-0.25-0.370.16-0.19-0.090.24-0.390.10.46
0.380.740.520.10.370.750.170.14-0.080.080.450.730.350.190.290.120.490.230.580.340.320.230.020.74-0.28
0.860.850.820.620.850.54-0.090.150.320.240.880.240.430.710.65-0.250.490.90.70.710.820.750.650.42-0.78
0.780.670.580.760.730.21-0.04-0.120.530.150.720.170.270.70.73-0.370.230.90.550.770.780.640.80.25-0.87
0.90.60.690.570.90.8-0.60.090.340.780.870.540.920.710.610.160.580.70.550.690.880.750.570.49-0.57
0.830.540.440.970.720.29-0.21-0.270.840.330.730.480.440.770.89-0.190.340.710.770.690.850.60.810.44-0.89
0.990.560.660.820.960.54-0.510.030.590.640.90.360.740.920.72-0.090.320.820.780.880.850.830.780.28-0.77
0.860.610.830.570.890.64-0.450.480.250.570.880.20.670.770.550.240.230.750.640.750.60.830.470.31-0.43
0.730.260.30.850.670.04-0.39-0.460.80.40.620.060.40.690.8-0.390.020.650.80.570.810.780.470.08-0.91
0.340.670.490.270.30.580.090.070.130.090.430.630.310.00.410.10.740.420.250.490.440.280.310.08-0.3
-0.75-0.52-0.39-0.86-0.66-0.130.110.46-0.76-0.19-0.67-0.23-0.29-0.66-0.830.46-0.28-0.78-0.87-0.57-0.89-0.77-0.43-0.91-0.3
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Silly Monks Account Relationship Matchups

Silly Monks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets237.3M190.9M185.9M119.2M111.9M143.2M
Short Long Term Debt Total12.1M12.1M2.4M5.5M6.3M8.9M
Other Current Liab23.1M9.1M812K3.6M4.4M4.1M
Total Current Liabilities38.1M49.5M65.3M43.7M29.3M32.1M
Total Stockholder Equity198.3M138.8M117.9M72.4M73.8M104.9M
Property Plant And Equipment Net15.6M3.3M1.9M2.0M7.5M9.9M
Net Debt(24.0M)(883K)(19.8M)(25.9M)(14.2M)(14.9M)
Retained Earnings44.7M(14.8M)(36.0M)(81.7M)(81.4M)(77.3M)
Accounts Payable15.0M28.3M60.1M40.1M24.9M20.2M
Cash24.0M12.9M22.2M25.9M19.7M22.5M
Non Current Assets Total104.8M55.2M48.7M41.7M40.6M53.7M
Non Currrent Assets Other(41.4M)21.4M20.8M9.0M8.6M11.5M
Cash And Short Term Investments24.2M16.4M22.2M25.9M19.7M25.2M
Net Receivables61.4M61.7M75.6M(1K)30.0M35.8M
Short Term Investments23.4M224.3K3.4M0.08.6M9.4M
Liabilities And Stockholders Equity237.3M190.9M185.9M119.2M111.9M143.2M
Non Current Liabilities Total907.7K2.7M2.7M3.1M8.8M6.2M
Inventory47.8M37.4M12.4M16.6M17.1M19.8M
Other Current Assets61.7M81.9M27.0M35.1M34.5M30.2M
Total Liab39.0M52.2M68.0M46.9M38.1M38.4M
Total Current Assets133.8M135.7M137.2M77.6M71.4M89.7M
Accumulated Other Comprehensive Income3.9M3.9M4.2M4.4M5.5M5.8M
Intangible Assets26.2M19.7M13.1M8.5M3.3M3.1M
Net Tangible Assets166.7M173.3M119.1M104.8M120.5M141.3M
Cash And Equivalents24.0M12.9M22.2M25.9M23.3M22.9M
Property Plant Equipment15.6M3.3M1.9M2.0M1.8M1.7M
Net Invested Capital198.3M150.8M120.3M72.4M73.8M116.3M
Net Working Capital95.6M86.2M71.9M33.8M42.1M63.8M

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Other Information on Investing in Silly Stock

Balance Sheet is a snapshot of the financial position of Silly Monks Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Silly Monks Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Silly Monks and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Silly currently owns. An asset can also be divided into two categories, current and non-current.