Worthington Other Operating Expenses vs Gross Profit Analysis
| WS Stock | 44.71 0.87 1.91% |
Worthington Steel financial indicator trend analysis is more than just analyzing Worthington Steel current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worthington Steel is a good investment. Please check the relationship between Worthington Steel Other Operating Expenses and its Gross Profit accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Steel Other Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Worthington Steel's Other Operating Expenses and Gross Profit is 0.5. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Worthington Steel, assuming nothing else is changed. The correlation between historical values of Worthington Steel's Other Operating Expenses 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 Other Operating Expenses of Worthington Steel 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 Other Operating Expenses i.e., Worthington Steel's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.5 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Worthington Steel. It is also known as Worthington Steel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Worthington Steel minus its cost of goods sold. It is profit before Worthington Steel 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 Worthington Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Steel 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 Worthington Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.Issuance Of Capital Stock is likely to gain to about 315 K in 2024, whereas Tax Provision is likely to drop slightly above 35.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 395.5M | 340.4M | 439.8M | 425.3M | Total Revenue | 4.1B | 3.6B | 3.4B | 3.6B |
Worthington Steel fundamental ratios Correlations
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Worthington Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Worthington Stock Analysis
When running Worthington Steel's price analysis, check to measure Worthington Steel'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 Worthington Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.