Encore Gross Profit Margin from 2010 to 2024

WIRE Stock  USD 288.73  0.21  0.07%   
Encore Wire's Gross Profit Margin is increasing over the years with slightly volatile fluctuation. Gross Profit Margin is expected to dwindle to 0.13. During the period from 2010 to 2024 Encore Wire Gross Profit Margin annual values regression line had geometric mean of  0.15 and mean square error of  0.01. View All Fundamentals
 
Gross Profit Margin  
First Reported
2010-12-31
Previous Quarter
0.2554338
Current Value
0.13
Quarterly Volatility
0.08421666
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Encore Wire financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Encore main balance sheet or income statement drivers, such as Depreciation And Amortization of 33.7 M, Interest Expense of 43.6 M or Total Revenue of 2.7 B, as well as many exotic indicators such as Price To Sales Ratio of 0.99, Dividend Yield of 4.0E-4 or PTB Ratio of 3.53. Encore financial statements analysis is a perfect complement when working with Encore Wire Valuation or Volatility modules.
  
This module can also supplement Encore Wire's financial leverage analysis and stock options assessment as well as various Encore Wire Technical models . Check out the analysis of Encore Wire Correlation against competitors.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.

Latest Encore Wire's Gross Profit Margin Growth Pattern

Below is the plot of the Gross Profit Margin of Encore Wire over the last few years. It is Encore Wire's Gross Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Encore Wire's overall financial position and show how it may be relating to other accounts over time.
Gross Profit Margin10 Years Trend
Slightly volatile
   Gross Profit Margin   
       Timeline  

Encore Gross Profit Margin Regression Statistics

Arithmetic Mean0.17
Geometric Mean0.15
Coefficient Of Variation49.92
Mean Deviation0.06
Median0.13
Standard Deviation0.08
Sample Variance0.01
Range0.2844
R-Value0.54
Mean Square Error0.01
R-Squared0.29
Significance0.04
Slope0.01
Total Sum of Squares0.1

Encore Gross Profit Margin History

2023 0.26
2022 0.37
2021 0.33
2018 0.15
2015 0.13
2014 0.11

About Encore Wire Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Encore Wire income statement, its balance sheet, and the statement of cash flows. Encore Wire investors use historical funamental indicators, such as Encore Wire's Gross Profit Margin, to determine how well the company is positioned to perform in the future. Although Encore Wire investors may use each financial statement separately, they are all related. The changes in Encore Wire's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Encore Wire'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 Encore Wire Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Encore Wire. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Gross Profit Margin 0.26  0.13 

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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.
When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out the analysis of Encore Wire Correlation against competitors.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Is Encore Wire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Encore Wire. If investors know Encore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Encore Wire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.40)
Dividend Share
0.08
Earnings Share
19.03
Revenue Per Share
155.987
Quarterly Revenue Growth
(0.04)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.