WiseTech Cost Of Revenue vs Operating Income Analysis

WTC Stock

125.60 5.72 4.36%

WiseTech Global financial indicator trend analysis is more than just analyzing WiseTech Global current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WiseTech Global is a good investment. Please check the relationship between WiseTech Global Cost Of Revenue and its Operating Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WiseTech Global Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WiseTech Global Cost Of Revenue account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between WiseTech Global's Cost Of Revenue and Operating Income is 0.94. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of WiseTech Global Limited, assuming nothing else is changed. The correlation between historical values of WiseTech Global's Cost Of Revenue 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 Cost Of Revenue of WiseTech Global Limited 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 Cost Of Revenue i.e., WiseTech Global's Cost Of Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cost Of Revenue

Cost of Revenue is found on WiseTech Global income statement and represents the costs associated with goods and services WiseTech Global 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.

Operating Income

Operating Income is the amount of profit realized from WiseTech Global 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 WiseTech Global Limited 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 WiseTech Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WiseTech Global 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 WiseTech Global Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, WiseTech Global's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 107.2 M in 2024, whereas Discontinued Operations is likely to drop slightly above 1.2 M in 2024.

	2023	2024 (projected)
Depreciation And Amortization	37.2M	35.6M
Discontinued Operations	2.1M	1.2M

Depreciation And Amortization Discontinued Operations

WiseTech Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets
Total Assets		0.78	0.97	0.83	1.0	0.89	0.94	-0.07	0.98	0.96	0.51	0.99	-0.48	0.77	0.51	1.0	0.99	0.82	0.82	0.94	0.88	0.94	-0.97	0.98	0.87	0.73
Short Long Term Debt Total	0.78		0.82	0.91	0.75	0.58	0.74	0.37	0.75	0.74	0.13	0.81	-0.73	0.65	0.13	0.77	0.81	0.54	0.6	0.71	0.75	0.94	-0.74	0.85	0.73	0.42
Other Current Liab	0.97	0.82		0.91	0.95	0.92	0.88	-0.04	0.91	0.9	0.5	0.96	-0.57	0.76	0.5	0.96	0.97	0.82	0.83	0.83	0.83	0.94	-0.91	0.99	0.81	0.72
Total Current Liabilities	0.83	0.91	0.91		0.8	0.73	0.8	0.04	0.76	0.79	0.41	0.82	-0.79	0.61	0.41	0.81	0.82	0.69	0.8	0.67	0.79	0.92	-0.78	0.9	0.7	0.68
Total Stockholder Equity	1.0	0.75	0.95	0.8		0.87	0.95	-0.09	0.98	0.97	0.52	0.99	-0.45	0.76	0.52	1.0	0.99	0.82	0.81	0.95	0.88	0.92	-0.97	0.96	0.87	0.73
Other Liab	0.89	0.58	0.92	0.73	0.87		0.75	-0.22	0.81	0.78	0.56	0.87	-0.31	0.71	0.56	0.87	0.88	0.73	0.81	0.72	0.67	0.76	-0.83	0.91	0.7	0.72
Property Plant And Equipment Net	0.94	0.74	0.88	0.8	0.95	0.75		-0.2	0.93	0.96	0.62	0.91	-0.62	0.68	0.62	0.94	0.9	0.82	0.83	0.91	0.88	0.89	-0.92	0.89	0.8	0.81
Net Debt	-0.07	0.37	-0.04	0.04	-0.09	-0.22	-0.2		-0.01	-0.15	-0.87	0.05	0.09	0.23	-0.87	-0.06	0.06	-0.26	-0.27	0.05	-0.15	0.13	0.09	0.0	0.05	-0.68
Retained Earnings	0.98	0.75	0.91	0.76	0.98	0.81	0.93	-0.01		0.97	0.44	0.98	-0.39	0.71	0.44	0.99	0.97	0.78	0.72	0.98	0.9	0.92	-0.99	0.93	0.93	0.66
Accounts Payable	0.96	0.74	0.9	0.79	0.97	0.78	0.96	-0.15	0.97		0.58	0.94	-0.53	0.61	0.58	0.97	0.93	0.83	0.75	0.94	0.96	0.91	-0.98	0.91	0.9	0.78
Cash	0.51	0.13	0.5	0.41	0.52	0.56	0.62	-0.87	0.44	0.58		0.4	-0.45	0.13	1.0	0.5	0.39	0.57	0.6	0.36	0.57	0.37	-0.51	0.46	0.36	0.94
Non Current Assets Total	0.99	0.81	0.96	0.82	0.99	0.87	0.91	0.05	0.98	0.94	0.4		-0.43	0.8	0.4	0.99	1.0	0.79	0.79	0.95	0.85	0.94	-0.96	0.97	0.87	0.64
Non Currrent Assets Other	-0.48	-0.73	-0.57	-0.79	-0.45	-0.31	-0.62	0.09	-0.39	-0.53	-0.45	-0.43		-0.27	-0.45	-0.46	-0.43	-0.48	-0.56	-0.33	-0.58	-0.66	0.43	-0.55	-0.35	-0.6
Other Assets	0.77	0.65	0.76	0.61	0.76	0.71	0.68	0.23	0.71	0.61	0.13	0.8	-0.27		0.13	0.75	0.82	0.57	0.69	0.72	0.41	0.71	-0.65	0.77	0.57	0.34
Cash And Short Term Investments	0.51	0.13	0.5	0.41	0.52	0.56	0.62	-0.87	0.44	0.58	1.0	0.4	-0.45	0.13		0.5	0.39	0.57	0.6	0.36	0.57	0.37	-0.51	0.46	0.36	0.94
Net Receivables	1.0	0.77	0.96	0.81	1.0	0.87	0.94	-0.06	0.99	0.97	0.5	0.99	-0.46	0.75	0.5		0.99	0.82	0.8	0.95	0.89	0.93	-0.98	0.97	0.88	0.72
Good Will	0.99	0.81	0.97	0.82	0.99	0.88	0.9	0.06	0.97	0.93	0.39	1.0	-0.43	0.82	0.39	0.99		0.79	0.79	0.94	0.83	0.94	-0.95	0.98	0.86	0.63
Common Stock Shares Outstanding	0.82	0.54	0.82	0.69	0.82	0.73	0.82	-0.26	0.78	0.83	0.57	0.79	-0.48	0.57	0.57	0.82	0.79		0.75	0.72	0.75	0.73	-0.79	0.78	0.63	0.73
Short Term Investments	0.82	0.6	0.83	0.8	0.81	0.81	0.83	-0.27	0.72	0.75	0.6	0.79	-0.56	0.69	0.6	0.8	0.79	0.75		0.67	0.62	0.73	-0.72	0.82	0.49	0.78
Non Current Liabilities Total	0.94	0.71	0.83	0.67	0.95	0.72	0.91	0.05	0.98	0.94	0.36	0.95	-0.33	0.72	0.36	0.95	0.94	0.72	0.67		0.84	0.86	-0.95	0.86	0.9	0.58
Inventory	0.88	0.75	0.83	0.79	0.88	0.67	0.88	-0.15	0.9	0.96	0.57	0.85	-0.58	0.41	0.57	0.89	0.83	0.75	0.62	0.84		0.89	-0.93	0.84	0.9	0.76
Other Current Assets	0.94	0.94	0.94	0.92	0.92	0.76	0.89	0.13	0.92	0.91	0.37	0.94	-0.66	0.71	0.37	0.93	0.94	0.73	0.73	0.86	0.89		-0.92	0.96	0.87	0.63
Other Stockholder Equity	-0.97	-0.74	-0.91	-0.78	-0.97	-0.83	-0.92	0.09	-0.99	-0.98	-0.51	-0.96	0.43	-0.65	-0.51	-0.98	-0.95	-0.79	-0.72	-0.95	-0.93	-0.92		-0.93	-0.95	-0.73
Total Liab	0.98	0.85	0.99	0.9	0.96	0.91	0.89	0.0	0.93	0.91	0.46	0.97	-0.55	0.77	0.46	0.97	0.98	0.78	0.82	0.86	0.84	0.96	-0.93		0.84	0.7
Short Long Term Debt	0.87	0.73	0.81	0.7	0.87	0.7	0.8	0.05	0.93	0.9	0.36	0.87	-0.35	0.57	0.36	0.88	0.86	0.63	0.49	0.9	0.9	0.87	-0.95	0.84		0.57
Total Current Assets	0.73	0.42	0.72	0.68	0.73	0.72	0.81	-0.68	0.66	0.78	0.94	0.64	-0.6	0.34	0.94	0.72	0.63	0.73	0.78	0.58	0.76	0.63	-0.73	0.7	0.57

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WiseTech Global Account Relationship Matchups

WiseTech Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.4B	1.7B	2.7B	2.8B	3.0B
Short Long Term Debt Total	45.8M	35M	33.5M	256.4M	104.4M	109.6M
Other Current Liab	104.2M	110.9M	128.5M	265.5M	206.2M	216.5M
Total Current Liabilities	157.2M	188M	207.4M	580.6M	324.7M	169.2M
Total Stockholder Equity	1.0B	1.1B	1.3B	1.9B	2.2B	2.3B
Other Liab	80.9M	80.6M	117M	162.9M	187.3M	196.7M
Property Plant And Equipment Net	70M	64.1M	75.8M	88.9M	84.6M	88.8M
Net Debt	(177.9M)	(280M)	(449.9M)	113.4M	(17.3M)	(18.2M)
Retained Earnings	261.2M	345.8M	509.9M	673.4M	878.7M	922.6M
Accounts Payable	19.9M	34M	44.8M	48.3M	51.6M	54.2M
Cash	223.7M	315M	483.4M	143M	121.7M	176.7M
Non Current Assets Total	967.6M	985.2M	1.1B	2.3B	2.5B	2.6B
Non Currrent Assets Other	(651.6M)	(628.4M)	(639.7M)	(1.5B)	10.9M	11.4M
Other Assets	7.2M	12.6M	1.0	11.1M	12.8M	13.4M
Cash And Short Term Investments	223.7M	315M	483.4M	143M	121.7M	177.0M
Net Receivables	66.6M	78.4M	92.7M	139.2M	156.8M	164.6M
Good Will	652.9M	632M	646.1M	1.6B	1.7B	1.7B
Common Stock Shares Outstanding	319.8M	325M	326.1M	328.5M	333.1M	331.2M
Short Term Investments	1.2M	1.6M	1.5M	900K	1.8M	1.0M
Liabilities And Stockholders Equity	1.3B	1.4B	1.7B	2.7B	2.8B	3.0B
Non Current Liabilities Total	116.3M	105.9M	141.0M	183.5M	289M	303.5M
Other Current Assets	19M	21.1M	32.2M	82.3M	52.4M	55.0M
Other Stockholder Equity	(32.2M)	(55M)	(109.2M)	(118.8M)	(148.9M)	(141.5M)
Total Liab	273.5M	293.9M	348.4M	764.1M	613.7M	644.4M
Total Current Assets	309.3M	414.6M	609.2M	364.5M	330.9M	259.9M
Accumulated Other Comprehensive Income	(5.4M)	(12.7M)	8.2M	85.2M	121.2M	127.3M
Short Term Debt	10.4M	9.8M	9.5M	235.9M	10.7M	10.2M
Intangible Assets	885M	904.5M	961.2M	2.2B	725M	569.6M
Common Stock	779.8M	827.8M	906.3M	1.3B	1.4B	1.4B
Property Plant Equipment	70M	64.1M	75.8M	88.9M	102.2M	107.3M
Net Tangible Assets	118.4M	201.5M	354M	(297.5M)	(342.1M)	(325.0M)
Current Deferred Revenue	22.7M	25.8M	12.5M	30.9M	32.2M	21.8M
Long Term Debt Total	35.4M	25.2M	24M	20.5M	23.6M	16.9M
Property Plant And Equipment Gross	70M	131.3M	158.2M	197.5M	227.1M	238.5M
Capital Lease Obligations	45.8M	35M	33.5M	31.4M	36.1M	21.4M

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