WKP Stock | | | 547.00 5.00 0.91% |
Workspace Group financial indicator trend analysis is more than just analyzing Workspace Group PLC current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Workspace Group PLC is a good investment. Please check the relationship between Workspace Group Selling General Administrative and its Gross Profit accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workspace Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Selling General Administrative vs Gross Profit
Selling General Administrative vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Workspace Group PLC Selling General Administrative account and
Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Workspace Group's Selling General Administrative and Gross Profit is 0.87. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Workspace Group PLC, assuming nothing else is changed. The correlation between historical values of Workspace Group's Selling General Administrative 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 Selling General Administrative of Workspace Group PLC 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 Selling General Administrative i.e., Workspace Group's Selling General Administrative and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Selling General Administrative
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Workspace Group PLC minus its cost of goods sold. It is profit before Workspace Group 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 Workspace Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Workspace Group PLC 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 Workspace Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 26.6
M. The current year's
Tax Provision is expected to grow to about 362.2
KWorkspace Group fundamental ratios Correlations
Click cells to compare fundamentals
Workspace Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Workspace Group fundamental ratios Accounts
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Other Information on Investing in Workspace Stock
Balance Sheet is a snapshot of the
financial position of Workspace Group PLC at a specified time, usually calculated after every quarter, six months, or one year. Workspace Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Workspace Group 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 Workspace currently owns. An asset can also be divided into two categories, current and non-current.