Weyco Gross Profit vs Operating Income Analysis

WEYS Stock

USD 35.71 0.08 0.22%

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

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 Weyco Group Gross Profit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Weyco's Gross Profit and Operating Income is 0.82. 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 Weyco Group, assuming nothing else is changed. The correlation between historical values of Weyco'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 Weyco Group 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., Weyco's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Weyco Group minus its cost of goods sold. It is profit before Weyco 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 Weyco Group 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 Weyco Group 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 Weyco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weyco Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco Group. 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.

At this time, Weyco's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.15 in 2024, whereas Tax Provision is likely to drop slightly above 8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	81K	710K	529K	302.6K
Depreciation And Amortization	2.7M	2.7M	2.9M	2.5M

Interest Expense Depreciation And Amortization

Weyco 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	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Short Long Term Debt Total	Short Term Debt	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.65	0.62	0.95	0.88	0.27	0.97	-0.01	0.93	0.85	0.05	0.86	-0.91	0.85	0.84	0.84	0.57	0.83	0.24	0.94	0.32	0.33	0.27	0.86	0.02	0.82
Other Current Liab	0.65		0.5	0.61	0.41	0.25	0.64	-0.13	0.48	0.38	-0.12	0.61	-0.43	0.39	0.71	0.58	0.25	0.54	0.0	0.72	0.1	0.25	0.26	0.46	-0.07	0.43
Total Current Liabilities	0.62	0.5		0.38	0.42	0.73	0.49	-0.27	0.61	0.27	-0.24	0.58	-0.42	0.4	0.67	0.44	-0.01	0.92	-0.04	0.55	0.37	0.86	0.89	0.51	0.17	0.56
Total Stockholder Equity	0.95	0.61	0.38		0.87	0.02	0.97	0.13	0.84	0.9	0.19	0.79	-0.91	0.79	0.78	0.82	0.71	0.63	0.34	0.94	0.23	0.1	0.0	0.81	-0.11	0.74
Property Plant And Equipment Net	0.88	0.41	0.42	0.87		0.22	0.84	0.02	0.83	0.81	0.08	0.67	-0.84	0.9	0.72	0.68	0.63	0.7	0.34	0.81	0.21	0.31	0.14	0.68	0.06	0.64
Net Debt	0.27	0.25	0.73	0.02	0.22		0.11	-0.81	0.35	-0.12	-0.79	0.39	0.01	0.27	0.41	0.06	-0.39	0.66	-0.59	0.16	0.4	0.69	0.8	0.02	0.53	0.15
Retained Earnings	0.97	0.64	0.49	0.97	0.84	0.11		0.07	0.9	0.86	0.13	0.83	-0.9	0.8	0.76	0.89	0.57	0.71	0.31	0.92	0.26	0.17	0.12	0.89	-0.03	0.83
Cash	-0.01	-0.13	-0.27	0.13	0.02	-0.81	0.07		-0.14	0.29	0.99	-0.29	-0.24	-0.13	-0.11	0.1	0.54	-0.26	0.9	0.1	-0.4	-0.15	-0.35	0.21	-0.68	0.06
Non Current Assets Total	0.93	0.48	0.61	0.84	0.83	0.35	0.9	-0.14		0.79	-0.06	0.82	-0.87	0.89	0.63	0.84	0.4	0.84	0.13	0.75	0.28	0.31	0.3	0.89	0.2	0.9
Non Currrent Assets Other	0.85	0.38	0.27	0.9	0.81	-0.12	0.86	0.29	0.79		0.35	0.73	-0.98	0.77	0.64	0.82	0.85	0.53	0.48	0.8	0.2	0.03	-0.13	0.83	-0.18	0.81
Cash And Short Term Investments	0.05	-0.12	-0.24	0.19	0.08	-0.79	0.13	0.99	-0.06	0.35		-0.22	-0.31	-0.06	-0.09	0.16	0.57	-0.2	0.91	0.14	-0.35	-0.14	-0.34	0.29	-0.6	0.14
Net Receivables	0.86	0.61	0.58	0.79	0.67	0.39	0.83	-0.29	0.82	0.73	-0.22		-0.77	0.69	0.75	0.79	0.41	0.73	-0.03	0.79	0.59	0.19	0.21	0.75	0.31	0.8
Common Stock Shares Outstanding	-0.91	-0.43	-0.42	-0.91	-0.84	0.01	-0.9	-0.24	-0.87	-0.98	-0.31	-0.77		-0.81	-0.68	-0.85	-0.77	-0.66	-0.46	-0.83	-0.23	-0.16	-0.03	-0.9	0.11	-0.88
Non Current Liabilities Total	0.85	0.39	0.4	0.79	0.9	0.27	0.8	-0.13	0.89	0.77	-0.06	0.69	-0.81		0.6	0.7	0.5	0.74	0.13	0.71	0.32	0.19	0.1	0.71	0.22	0.7
Inventory	0.84	0.71	0.67	0.78	0.72	0.41	0.76	-0.11	0.63	0.64	-0.09	0.75	-0.68	0.6		0.62	0.54	0.76	0.15	0.92	0.41	0.49	0.38	0.54	-0.13	0.53
Other Current Assets	0.84	0.58	0.44	0.82	0.68	0.06	0.89	0.1	0.84	0.82	0.16	0.79	-0.85	0.7	0.62		0.49	0.64	0.36	0.74	0.24	0.1	0.06	0.92	-0.08	0.9
Other Stockholder Equity	0.57	0.25	-0.01	0.71	0.63	-0.39	0.57	0.54	0.4	0.85	0.57	0.41	-0.77	0.5	0.54	0.49		0.21	0.65	0.65	0.09	-0.07	-0.34	0.49	-0.45	0.44
Total Liab	0.83	0.54	0.92	0.63	0.7	0.66	0.71	-0.26	0.84	0.53	-0.2	0.73	-0.66	0.74	0.76	0.64	0.21		0.03	0.72	0.41	0.72	0.71	0.69	0.22	0.72
Property Plant And Equipment Gross	0.24	0.0	-0.04	0.34	0.34	-0.59	0.31	0.9	0.13	0.48	0.91	-0.03	-0.46	0.13	0.15	0.36	0.65	0.03		0.31	-0.2	0.06	-0.2	0.41	-0.56	0.28
Total Current Assets	0.94	0.72	0.55	0.94	0.81	0.16	0.92	0.1	0.75	0.8	0.14	0.79	-0.83	0.71	0.92	0.74	0.65	0.72	0.31		0.31	0.31	0.21	0.72	-0.14	0.65
Accounts Payable	0.32	0.1	0.37	0.23	0.21	0.4	0.26	-0.4	0.28	0.2	-0.35	0.59	-0.23	0.32	0.41	0.24	0.09	0.41	-0.2	0.31		0.11	0.15	0.18	0.41	0.27
Short Long Term Debt Total	0.33	0.25	0.86	0.1	0.31	0.69	0.17	-0.15	0.31	0.03	-0.14	0.19	-0.16	0.19	0.49	0.1	-0.07	0.72	0.06	0.31	0.11		0.93	0.17	0.06	0.2
Short Term Debt	0.27	0.26	0.89	0.0	0.14	0.8	0.12	-0.35	0.3	-0.13	-0.34	0.21	-0.03	0.1	0.38	0.06	-0.34	0.71	-0.2	0.21	0.15	0.93		0.15	0.2	0.2
Common Stock Total Equity	0.86	0.46	0.51	0.81	0.68	0.02	0.89	0.21	0.89	0.83	0.29	0.75	-0.9	0.71	0.54	0.92	0.49	0.69	0.41	0.72	0.18	0.17	0.15		-0.03	0.97
Short Term Investments	0.02	-0.07	0.17	-0.11	0.06	0.53	-0.03	-0.68	0.2	-0.18	-0.6	0.31	0.11	0.22	-0.13	-0.08	-0.45	0.22	-0.56	-0.14	0.41	0.06	0.2	-0.03		0.07
Common Stock	0.82	0.43	0.56	0.74	0.64	0.15	0.83	0.06	0.9	0.81	0.14	0.8	-0.88	0.7	0.53	0.9	0.44	0.72	0.28	0.65	0.27	0.2	0.2	0.97	0.07

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Weyco Account Relationship Matchups

Weyco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	296.9M	256.7M	277.7M	326.6M	309.3M	184.0M
Other Current Liab	15.9M	10.5M	10.7M	16.4M	15.8M	9.8M
Total Current Liabilities	41.9M	24.3M	34.5M	67.5M	29.6M	29.4M
Total Stockholder Equity	210.0M	187.9M	201.4M	223.9M	244.5M	134.7M
Property Plant And Equipment Net	51.0M	40.4M	38.7M	42.2M	42.0M	23.6M
Net Debt	17.9M	(20.5M)	(8.6M)	28.9M	(55.8M)	(53.0M)
Retained Earnings	158.8M	139.0M	147.8M	164.0M	180.6M	113.8M
Cash	9.8M	32.5M	19.7M	16.9M	69.3M	72.8M
Non Current Assets Total	136.9M	122.4M	120.5M	120.2M	119.2M	75.8M
Non Currrent Assets Other	23.7M	24.0M	23.6M	23.8M	23.8M	21.9M
Cash And Short Term Investments	15.7M	34.7M	28.1M	18.4M	69.5M	73.0M
Net Receivables	51.5M	36.0M	53.8M	54.2M	39.5M	35.7M
Common Stock Shares Outstanding	10.0M	9.8M	9.7M	9.6M	9.5M	11.0M
Liabilities And Stockholders Equity	296.9M	256.7M	277.7M	326.6M	309.3M	184.0M
Non Current Liabilities Total	45.0M	44.4M	41.8M	35.2M	35.2M	18.9M
Inventory	86.7M	59.0M	71.0M	128.0M	74.9M	47.5M
Other Current Assets	6.0M	4.6M	4.3M	5.9M	6.2M	5.2M
Other Stockholder Equity	65.5M	67.2M	68.7M	70.5M	71.7M	75.2M
Total Liab	86.9M	68.8M	76.3M	102.7M	64.8M	47.7M
Property Plant And Equipment Gross	51.0M	40.4M	38.7M	42.2M	92.5M	97.1M
Total Current Assets	160.0M	134.3M	157.2M	206.5M	190.1M	108.2M
Accumulated Other Comprehensive Income	(24.5M)	(28.0M)	(24.8M)	(20.2M)	(17.3M)	(16.4M)
Accounts Payable	12.5M	8.4M	19.2M	14.9M	8.8M	11.0M
Short Long Term Debt Total	27.7M	12.0M	11.1M	45.8M	13.5M	17.5M
Short Term Debt	13.6M	4.2M	3.6M	35.2M	4.0M	3.8M
Common Stock Total Equity	9.9M	9.8M	9.7M	9.6M	11.0M	10.1M
Short Term Investments	5.9M	2.2M	8.3M	1.5M	215K	204.3K
Common Stock	9.9M	9.8M	9.7M	9.6M	9.5M	10.1M
Other Assets	24.7M	67.7M	24.7M	24.1M	1.0	0.95
Property Plant Equipment	32.2M	30.8M	29.2M	28.8M	33.1M	31.6M
Other Liab	30.9M	36.7M	34.2M	24.5M	28.2M	25.7M
Net Tangible Assets	166.0M	143.9M	154.3M	178.0M	204.7M	165.9M
Retained Earnings Total Equity	158.8M	139.0M	147.8M	164.0M	188.6M	139.9M
Capital Surpluse	65.8M	67.2M	68.7M	70.5M	81.0M	57.5M
Deferred Long Term Liab	3.1M	2.9M	5.0M	8.5M	9.8M	10.3M
Long Term Investments	15.8M	12.8M	10.0M	7.1M	6.4M	6.0M

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