Elevance Gross Profit from 2010 to 2024

ELV Stock

USD 542.72 4.24 0.79%

Elevance Health Gross Profit yearly trend continues to be fairly stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit Elevance Health makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2000-03-31

Previous Quarter

37.8 B

Current Value

38.8 B

Quarterly Volatility

11.2 B

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Elevance Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elevance Health's main balance sheet or income statement drivers, such as Interest Expense of 1.1 B, Total Revenue of 179.9 B or Gross Profit of 161.7 B, as well as many indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.0153 or PTB Ratio of 1.5. Elevance financial statements analysis is a perfect complement when working with Elevance Health Valuation or Volatility modules.

Check out the analysis of Elevance Health Correlation against competitors.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

Latest Elevance Health's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Elevance Health over the last few years. Gross profit is a required income statement account that reflects total revenue of Elevance Health minus its cost of goods sold. It is profit before Elevance Health operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Elevance Health's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elevance Health's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 40.11 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Elevance Gross Profit Regression Statistics

	Arithmetic Mean	95,119,423,333
	Geometric Mean	83,250,917,833
	Coefficient Of Variation	42.13
	Mean Deviation	30,869,174,667
	Median	90,039,400,000
	Standard Deviation	40,072,084,004
	Sample Variance	1605771916.4T
	Range	150.7B
	R-Value	0.97
	Mean Square Error	118565911.5T
	R-Squared	0.93
	Slope	8,647,759,821
	Total Sum of Squares	22480806829.9T

Elevance Gross Profit History

	2024	161.7 B
	2023	154 B
	2022	143.6 B
	2021	127.7 B
	2020	112.9 B
	2019	102.2 B
	2018	92.1 B

Other Fundumenentals of Elevance Health

Gross Profit Margin

Elevance Health Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Retained Earnings	Accounts Payable	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Receivables	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Good Will	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Capital Stock
Total Assets		0.99	0.93	0.84	0.81	0.79	0.98	0.98	0.9	0.76	0.76	0.75	0.58	0.09	0.77	0.98	0.43	0.2	0.94	-0.7	0.59	0.0	0.67	0.68	-0.58
Total Stockholder Equity	0.99		0.92	0.84	0.8	0.76	0.96	0.97	0.94	0.74	0.73	0.71	0.6	0.23	0.82	0.98	0.44	0.15	0.91	-0.69	0.53	-0.04	0.61	0.63	-0.52
Net Debt	0.93	0.92		0.73	0.68	0.68	0.97	0.87	0.89	0.6	0.61	0.62	0.63	0.19	0.74	0.95	0.59	0.01	0.82	-0.7	0.39	0.13	0.42	0.45	-0.38
Total Liab	0.84	0.84	0.73		0.98	0.97	0.82	0.81	0.81	0.96	0.96	0.95	0.47	0.04	0.84	0.87	0.43	0.33	0.9	-0.85	0.82	0.02	0.69	0.83	-0.77
Retained Earnings	0.81	0.8	0.68	0.98		0.97	0.78	0.77	0.73	0.99	0.99	0.96	0.5	-0.04	0.76	0.82	0.32	0.47	0.91	-0.82	0.85	-0.02	0.73	0.88	-0.8
Accounts Payable	0.79	0.76	0.68	0.97	0.97		0.78	0.74	0.7	0.97	0.97	0.99	0.4	-0.12	0.75	0.8	0.44	0.45	0.87	-0.84	0.84	0.02	0.72	0.86	-0.79
Long Term Debt	0.98	0.96	0.97	0.82	0.78	0.78		0.93	0.89	0.72	0.72	0.74	0.58	0.1	0.76	0.98	0.53	0.16	0.9	-0.73	0.51	0.08	0.59	0.59	-0.5
Short Term Investments	0.98	0.97	0.87	0.81	0.77	0.74	0.93		0.89	0.73	0.72	0.7	0.49	0.08	0.77	0.94	0.4	0.17	0.93	-0.63	0.59	-0.03	0.7	0.69	-0.6
Intangible Assets	0.9	0.94	0.89	0.81	0.73	0.7	0.89	0.89		0.65	0.64	0.63	0.5	0.43	0.91	0.95	0.58	-0.13	0.79	-0.7	0.44	0.04	0.41	0.47	-0.41
Property Plant Equipment	0.76	0.74	0.6	0.96	0.99	0.97	0.72	0.73	0.65		0.99	0.97	0.41	-0.13	0.71	0.76	0.28	0.53	0.88	-0.76	0.89	-0.03	0.78	0.93	-0.84
Net Receivables	0.76	0.73	0.61	0.96	0.99	0.97	0.72	0.72	0.64	0.99		0.98	0.46	-0.16	0.71	0.75	0.28	0.5	0.88	-0.82	0.89	0.01	0.76	0.91	-0.84
Total Current Assets	0.75	0.71	0.62	0.95	0.96	0.99	0.74	0.7	0.63	0.97	0.98		0.37	-0.19	0.69	0.75	0.42	0.51	0.85	-0.79	0.86	0.0	0.76	0.89	-0.82
Short Term Debt	0.58	0.6	0.63	0.47	0.5	0.4	0.58	0.49	0.5	0.41	0.46	0.37		0.11	0.34	0.59	0.01	0.13	0.58	-0.48	0.31	-0.2	0.21	0.31	-0.28
Common Stock	0.09	0.23	0.19	0.04	-0.04	-0.12	0.1	0.08	0.43	-0.13	-0.16	-0.19	0.11		0.48	0.21	0.22	-0.56	-0.08	-0.13	-0.44	0.0	-0.39	-0.4	0.5
Current Deferred Revenue	0.77	0.82	0.74	0.84	0.76	0.75	0.76	0.77	0.91	0.71	0.71	0.69	0.34	0.48		0.84	0.57	-0.11	0.72	-0.82	0.46	0.17	0.4	0.48	-0.41
Good Will	0.98	0.98	0.95	0.87	0.82	0.8	0.98	0.94	0.95	0.76	0.75	0.75	0.59	0.21	0.84		0.54	0.11	0.91	-0.76	0.54	0.04	0.56	0.61	-0.52
Deferred Long Term Liab	0.43	0.44	0.59	0.43	0.32	0.44	0.53	0.4	0.58	0.28	0.28	0.42	0.01	0.22	0.57	0.54		-0.14	0.26	-0.41	0.14	0.13	0.05	0.11	-0.12
Net Tangible Assets	0.2	0.15	0.01	0.33	0.47	0.45	0.16	0.17	-0.13	0.53	0.5	0.51	0.13	-0.56	-0.11	0.11	-0.14		0.35	-0.11	0.52	-0.33	0.57	0.64	-0.49
Long Term Debt Total	0.94	0.91	0.82	0.9	0.91	0.87	0.9	0.93	0.79	0.88	0.88	0.85	0.58	-0.08	0.72	0.91	0.26	0.35		-0.74	0.76	0.0	0.8	0.84	-0.75
Capital Surpluse	-0.7	-0.69	-0.7	-0.85	-0.82	-0.84	-0.73	-0.63	-0.7	-0.76	-0.82	-0.79	-0.48	-0.13	-0.82	-0.76	-0.41	-0.11	-0.74		-0.56	-0.35	-0.42	-0.54	0.5
Long Term Investments	0.59	0.53	0.39	0.82	0.85	0.84	0.51	0.59	0.44	0.89	0.89	0.86	0.31	-0.44	0.46	0.54	0.14	0.52	0.76	-0.56		-0.06	0.76	0.95	-0.99
Short Long Term Debt	0.0	-0.04	0.13	0.02	-0.02	0.02	0.08	-0.03	0.04	-0.03	0.01	0.0	-0.2	0.0	0.17	0.04	0.13	-0.33	0.0	-0.35	-0.06		-0.11	-0.11	0.07
Cash And Equivalents	0.67	0.61	0.42	0.69	0.73	0.72	0.59	0.7	0.41	0.78	0.76	0.76	0.21	-0.39	0.4	0.56	0.05	0.57	0.8	-0.42	0.76	-0.11		0.89	-0.79
Net Invested Capital	0.68	0.63	0.45	0.83	0.88	0.86	0.59	0.69	0.47	0.93	0.91	0.89	0.31	-0.4	0.48	0.61	0.11	0.64	0.84	-0.54	0.95	-0.11	0.89		-0.95
Capital Stock	-0.58	-0.52	-0.38	-0.77	-0.8	-0.79	-0.5	-0.6	-0.41	-0.84	-0.84	-0.82	-0.28	0.5	-0.41	-0.52	-0.12	-0.49	-0.75	0.5	-0.99	0.07	-0.79	-0.95

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About Elevance Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Elevance Health income statement, its balance sheet, and the statement of cash flows. Elevance Health investors use historical funamental indicators, such as Elevance Health's Gross Profit, to determine how well the company is positioned to perform in the future. Although Elevance Health investors may use each financial statement separately, they are all related. The changes in Elevance Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elevance Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Elevance Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Elevance Health. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Gross Profit	154 B	161.7 B
Gross Profit Margin	0.90	1.02

Pair Trading with Elevance Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elevance Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elevance Health will appreciate offsetting losses from the drop in the long position's value.

Moving against Elevance Stock

0.82	HEPA	Hepion Pharmaceuticals	Pair Corr
0.75	ELEV	Elevation Oncology	Pair Corr
0.74	SSY	SunLink Health Systems	Pair Corr
0.71	MYND	MYnd Analytics Symbol Change	Pair Corr
0.67	VREX	Varex Imaging Corp Fiscal Year End 12th of November 2024	Pair Corr

The ability to find closely correlated positions to Elevance Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elevance Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elevance Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elevance Health to buy it.

The correlation of Elevance Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elevance Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevance Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Elevance Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Elevance Stock Analysis

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

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