Xos Gross Profit vs Total Operating Expenses Analysis

XOSWW Stock  USD 0  0  27.59%   
Xos Equity financial indicator trend analysis is more than just analyzing Xos Equity Warrants current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xos Equity Warrants is a good investment. Please check the relationship between Xos Equity Gross Profit and its Total Operating Expenses accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Equity Warrants Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Xos Equity's Gross Profit and Total Operating Expenses is -0.72. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Xos Equity Warrants, assuming nothing else is changed. The correlation between historical values of Xos Equity's Gross Profit and Total Operating Expenses 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 Xos Equity Warrants are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Xos Equity's Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.72
Relationship DirectionNegative 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Xos Equity Warrants minus its cost of goods sold. It is profit before Xos Equity 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Xos Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xos Equity Warrants 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 Xos Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Selling General Administrative is likely to drop to about 25 M in 2024. Tax Provision is likely to drop to 6,050 in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses50.8M81.3M63.7M46.8M
Cost Of Revenue7.4M66.4M45.8M27.0M

Xos Equity fundamental ratios Correlations

0.520.510.670.990.77-0.27-0.460.850.870.950.580.930.60.820.980.90.980.920.91.00.460.73-0.21-0.320.63
0.520.790.870.380.90.55-0.75-0.010.830.270.820.350.70.850.560.820.340.670.80.580.850.3-0.5-0.40.91
0.510.790.870.370.70.4-0.760.190.720.380.410.330.710.820.580.660.40.630.810.540.690.2-0.58-0.520.73
0.670.870.870.540.780.23-0.580.260.930.470.750.580.580.810.650.780.540.660.920.720.910.55-0.3-0.330.72
0.990.380.370.540.69-0.38-0.370.90.780.980.50.930.530.740.960.830.990.880.810.970.330.73-0.14-0.270.54
0.770.90.70.780.690.33-0.790.350.890.60.770.590.810.960.830.970.650.910.880.810.670.42-0.54-0.470.97
-0.270.550.40.23-0.380.33-0.68-0.610.07-0.430.14-0.540.540.26-0.140.13-0.410.030.06-0.220.22-0.61-0.74-0.60.51
-0.46-0.75-0.76-0.58-0.37-0.79-0.68-0.15-0.58-0.36-0.31-0.12-0.98-0.82-0.6-0.7-0.36-0.71-0.65-0.48-0.340.160.940.87-0.88
0.85-0.010.190.260.90.35-0.61-0.150.490.960.10.830.330.470.810.540.930.690.570.8-0.010.6-0.02-0.210.2
0.870.830.720.930.780.890.07-0.580.490.690.830.780.630.890.840.930.760.840.980.910.820.69-0.27-0.320.78
0.950.270.380.470.980.6-0.43-0.360.960.690.320.890.520.690.940.750.990.860.760.920.210.65-0.17-0.310.46
0.580.820.410.750.50.770.14-0.310.10.830.320.590.330.640.520.760.430.560.70.640.860.670.010.020.67
0.930.350.330.580.930.59-0.54-0.120.830.780.890.590.270.630.850.750.930.750.780.920.480.920.170.050.4
0.60.70.710.580.530.810.54-0.980.330.630.520.330.270.860.720.770.520.80.710.610.3-0.05-0.9-0.880.87
0.820.850.820.810.740.960.26-0.820.470.890.690.640.630.860.890.960.720.950.940.850.630.41-0.59-0.540.94
0.980.560.580.650.960.83-0.14-0.60.810.840.940.520.850.720.890.920.950.980.90.970.410.59-0.38-0.440.73
0.90.820.660.780.830.970.13-0.70.540.930.750.760.750.770.960.920.80.960.940.920.640.57-0.43-0.430.9
0.980.340.40.540.990.65-0.41-0.360.930.760.990.430.930.520.720.950.80.870.810.960.310.71-0.14-0.290.5
0.920.670.630.660.880.910.03-0.710.690.840.860.560.750.80.950.980.960.870.890.920.440.49-0.49-0.490.85
0.90.80.810.920.810.880.06-0.650.570.980.760.70.780.710.940.90.940.810.890.920.740.63-0.37-0.420.8
1.00.580.540.720.970.81-0.22-0.480.80.910.920.640.920.610.850.970.920.960.920.920.530.74-0.21-0.320.67
0.460.850.690.910.330.670.22-0.34-0.010.820.210.860.480.30.630.410.640.310.440.740.530.6-0.030.00.6
0.730.30.20.550.730.42-0.610.160.60.690.650.670.92-0.050.410.590.570.710.490.630.740.60.470.370.21
-0.21-0.5-0.58-0.3-0.14-0.54-0.740.94-0.02-0.27-0.170.010.17-0.9-0.59-0.38-0.43-0.14-0.49-0.37-0.21-0.030.470.93-0.68
-0.32-0.4-0.52-0.33-0.27-0.47-0.60.87-0.21-0.32-0.310.020.05-0.88-0.54-0.44-0.43-0.29-0.49-0.42-0.320.00.370.93-0.57
0.630.910.730.720.540.970.51-0.880.20.780.460.670.40.870.940.730.90.50.850.80.670.60.21-0.68-0.57
Click cells to compare fundamentals

Xos Equity Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Xos Stock Analysis

When running Xos Equity's price analysis, check to measure Xos Equity'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 Xos Equity is operating at the current time. Most of Xos Equity's value examination focuses on studying past and present price action to predict the probability of Xos Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xos Equity's price. Additionally, you may evaluate how the addition of Xos Equity to your portfolios can decrease your overall portfolio volatility.