Credit Gross Profit from 2010 to 2024
| CACC Stock | USD 522.22 0.00 0.00% |
Gross Profit | First Reported 1992-03-31 | Previous Quarter 319.5 M | Current Value 330.1 M | Quarterly Volatility 104.8 M |
Check Credit Acceptance financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Credit main balance sheet or income statement drivers, such as Depreciation And Amortization of 25.3 M, Interest Expense of 277.7 M or Selling General Administrative of 44 M, as well as many exotic indicators such as Price To Sales Ratio of 5.87, Dividend Yield of 7.0E-4 or PTB Ratio of 3.94. Credit financial statements analysis is a perfect complement when working with Credit Acceptance Valuation or Volatility modules.
Credit | Gross Profit |
Latest Credit Acceptance's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Credit Acceptance over the last few years. Gross profit is a required income statement account that reflects total revenue of Credit Acceptance minus its cost of goods sold. It is profit before Credit Acceptance 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. Credit Acceptance's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Credit Acceptance's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.14 B | 10 Years Trend |
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Gross Profit |
| Timeline |
Credit Gross Profit Regression Statistics
| Arithmetic Mean | 851,004,200 | |
| Geometric Mean | 612,378,175 | |
| Coefficient Of Variation | 66.13 | |
| Mean Deviation | 433,569,307 | |
| Median | 709,400,000 | |
| Standard Deviation | 562,760,249 | |
| Sample Variance | 316699.1T | |
| Range | 2B | |
| R-Value | 0.90 | |
| Mean Square Error | 65537.5T | |
| R-Squared | 0.81 | |
| Slope | 113,102,346 | |
| Total Sum of Squares | 4433787.4T |
Credit Gross Profit History
Other Fundumenentals of Credit Acceptance
Credit Acceptance Gross Profit component correlations
Click cells to compare fundamentals
About Credit Acceptance Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Credit Acceptance income statement, its balance sheet, and the statement of cash flows. Credit Acceptance investors use historical funamental indicators, such as Credit Acceptance's Gross Profit, to determine how well the company is positioned to perform in the future. Although Credit Acceptance investors may use each financial statement separately, they are all related. The changes in Credit Acceptance's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Credit Acceptance'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 Credit Acceptance Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Credit Acceptance. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 1.9 B | 2 B | |
| Gross Profit Margin | 0.68 | 0.55 |
Pair Trading with Credit Acceptance
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 Credit Acceptance 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 Credit Acceptance will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Credit Acceptance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credit Acceptance 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 Credit Acceptance - 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 Credit Acceptance to buy it.
The correlation of Credit Acceptance 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 Credit Acceptance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credit Acceptance 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 Credit Acceptance 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.Check out the analysis of Credit Acceptance Correlation against competitors. For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.Note that the Credit Acceptance information on this page should be used as a complementary analysis to other Credit Acceptance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Credit Stock analysis
When running Credit Acceptance's price analysis, check to measure Credit Acceptance'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 Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
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Is Credit Acceptance'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 Credit Acceptance. If investors know Credit 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 Credit Acceptance 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 (0.24) | Earnings Share 21.99 | Revenue Per Share 69.418 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0394 |
The market value of Credit Acceptance is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Acceptance's value that differs from its market value or its book value, called intrinsic value, which is Credit Acceptance'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 Credit Acceptance's market value can be influenced by many factors that don't directly affect Credit Acceptance'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 Credit Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Acceptance'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.