AbbVie Total Revenue vs Other Operating Expenses Analysis

ABBV Stock

USD 161.59 0.31 0.19%

AbbVie financial indicator trend analysis is way more than just evaluating AbbVie Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AbbVie Inc is a good investment. Please check the relationship between AbbVie Total Revenue and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AbbVie Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AbbVie Inc Total Revenue account and Other Operating Expenses. At this time, the significance of the direction appears to have totally related.

The correlation between AbbVie's Total Revenue and Other Operating Expenses is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of AbbVie Inc, assuming nothing else is changed. The correlation between historical values of AbbVie's Total Revenue and Other 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 Total Revenue of AbbVie Inc are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Revenue i.e., AbbVie's Total Revenue and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts AbbVie Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of AbbVie Inc. It is also known as AbbVie overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most indicators from AbbVie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AbbVie Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AbbVie Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Sales General And Administrative To Revenue is likely to climb to 0.28 in 2024, whereas Selling General Administrative is likely to drop slightly above 7.8 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	38.8B	40.6B	45.5B	25.2B
Total Revenue	56.2B	58.1B	54.3B	33.8B

Gross Profit Total Revenue

AbbVie fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Property Plant Equipment	Long Term Debt
Common Stock Shares Outstanding		0.6	0.81	0.78	0.73	0.71	0.71	0.53	0.8	-0.29	0.67	0.81	-0.31	0.74	0.66	-0.37	0.44	0.69	0.65	0.74	0.5	0.89	0.07	0.66	0.7	0.36
Total Assets	0.6		0.76	0.85	0.35	0.9	0.97	0.96	0.81	0.31	0.98	0.84	0.29	0.93	0.99	-0.4	0.97	0.95	0.66	0.36	0.99	0.75	0.66	0.97	0.95	0.94
Other Current Liab	0.81	0.76		0.97	0.31	0.94	0.8	0.67	0.97	0.19	0.74	0.96	0.17	0.83	0.78	-0.4	0.7	0.83	0.58	0.36	0.74	0.95	0.51	0.71	0.8	0.66
Total Current Liabilities	0.78	0.85	0.97		0.3	0.97	0.88	0.79	0.97	0.22	0.84	0.96	0.2	0.87	0.86	-0.44	0.8	0.87	0.62	0.34	0.84	0.93	0.55	0.81	0.87	0.76
Total Stockholder Equity	0.73	0.35	0.31	0.3		0.26	0.48	0.29	0.26	-0.52	0.46	0.42	-0.55	0.46	0.4	-0.26	0.14	0.4	0.61	0.98	0.19	0.47	-0.24	0.48	0.47	0.07
Other Liab	0.71	0.9	0.94	0.97	0.26		0.87	0.84	0.96	0.29	0.87	0.93	0.27	0.86	0.9	-0.4	0.87	0.88	0.66	0.28	0.89	0.88	0.62	0.85	0.86	0.84
Property Plant And Equipment Net	0.71	0.97	0.8	0.88	0.48	0.87		0.92	0.81	0.15	0.98	0.89	0.13	0.96	0.98	-0.44	0.89	0.96	0.68	0.52	0.93	0.81	0.53	0.96	0.99	0.84
Net Debt	0.53	0.96	0.67	0.79	0.29	0.84	0.92		0.74	0.19	0.97	0.77	0.17	0.84	0.96	-0.28	0.95	0.87	0.57	0.31	0.95	0.64	0.52	0.98	0.89	0.93
Accounts Payable	0.8	0.81	0.97	0.97	0.26	0.96	0.81	0.74		0.22	0.79	0.93	0.2	0.85	0.83	-0.43	0.76	0.86	0.58	0.3	0.8	0.94	0.54	0.76	0.81	0.73
Cash	-0.29	0.31	0.19	0.22	-0.52	0.29	0.15	0.19	0.22		0.13	0.17	1.0	0.17	0.19	-0.28	0.46	0.22	-0.05	-0.51	0.42	0.1	0.91	0.1	0.16	0.53
Non Current Assets Total	0.67	0.98	0.74	0.84	0.46	0.87	0.98	0.97	0.79	0.13		0.84	0.11	0.92	0.99	-0.36	0.93	0.94	0.69	0.47	0.95	0.75	0.5	1.0	0.96	0.88
Other Assets	0.81	0.84	0.96	0.96	0.42	0.93	0.89	0.77	0.93	0.17	0.84		0.15	0.88	0.85	-0.46	0.77	0.88	0.59	0.48	0.81	0.92	0.51	0.82	0.88	0.74
Cash And Short Term Investments	-0.31	0.29	0.17	0.2	-0.55	0.27	0.13	0.17	0.2	1.0	0.11	0.15		0.15	0.17	-0.22	0.45	0.2	-0.07	-0.54	0.4	0.08	0.9	0.08	0.13	0.51
Net Receivables	0.74	0.93	0.83	0.87	0.46	0.86	0.96	0.84	0.85	0.17	0.92	0.88	0.15		0.95	-0.39	0.85	0.98	0.66	0.48	0.89	0.87	0.56	0.9	0.97	0.78
Good Will	0.66	0.99	0.78	0.86	0.4	0.9	0.98	0.96	0.83	0.19	0.99	0.85	0.17	0.95		-0.38	0.94	0.97	0.68	0.42	0.97	0.78	0.57	0.98	0.97	0.89
Short Term Investments	-0.37	-0.4	-0.4	-0.44	-0.26	-0.4	-0.44	-0.28	-0.43	-0.28	-0.36	-0.46	-0.22	-0.39	-0.38		-0.35	-0.42	-0.29	-0.29	-0.37	-0.41	-0.36	-0.35	-0.43	-0.33
Non Current Liabilities Total	0.44	0.97	0.7	0.8	0.14	0.87	0.89	0.95	0.76	0.46	0.93	0.77	0.45	0.85	0.94	-0.35		0.89	0.55	0.16	0.99	0.65	0.75	0.92	0.87	0.99
Inventory	0.69	0.95	0.83	0.87	0.4	0.88	0.96	0.87	0.86	0.22	0.94	0.88	0.2	0.98	0.97	-0.42	0.89		0.64	0.44	0.93	0.82	0.59	0.91	0.98	0.83
Other Current Assets	0.65	0.66	0.58	0.62	0.61	0.66	0.68	0.57	0.58	-0.05	0.69	0.59	-0.07	0.66	0.68	-0.29	0.55	0.64		0.57	0.59	0.65	0.29	0.68	0.69	0.46
Other Stockholder Equity	0.74	0.36	0.36	0.34	0.98	0.28	0.52	0.31	0.3	-0.51	0.47	0.48	-0.54	0.48	0.42	-0.29	0.16	0.44	0.57		0.21	0.49	-0.22	0.49	0.52	0.08
Total Liab	0.5	0.99	0.74	0.84	0.19	0.89	0.93	0.95	0.8	0.42	0.95	0.81	0.4	0.89	0.97	-0.37	0.99	0.93	0.59	0.21		0.7	0.73	0.93	0.92	0.97
Property Plant And Equipment Gross	0.89	0.75	0.95	0.93	0.47	0.88	0.81	0.64	0.94	0.1	0.75	0.92	0.08	0.87	0.78	-0.41	0.65	0.82	0.65	0.49	0.7		0.45	0.72	0.81	0.59
Total Current Assets	0.07	0.66	0.51	0.55	-0.24	0.62	0.53	0.52	0.54	0.91	0.5	0.51	0.9	0.56	0.57	-0.36	0.75	0.59	0.29	-0.22	0.73	0.45		0.47	0.54	0.77
Intangible Assets	0.66	0.97	0.71	0.81	0.48	0.85	0.96	0.98	0.76	0.1	1.0	0.82	0.08	0.9	0.98	-0.35	0.92	0.91	0.68	0.49	0.93	0.72	0.47		0.94	0.88
Property Plant Equipment	0.7	0.95	0.8	0.87	0.47	0.86	0.99	0.89	0.81	0.16	0.96	0.88	0.13	0.97	0.97	-0.43	0.87	0.98	0.69	0.52	0.92	0.81	0.54	0.94		0.82
Long Term Debt	0.36	0.94	0.66	0.76	0.07	0.84	0.84	0.93	0.73	0.53	0.88	0.74	0.51	0.78	0.89	-0.33	0.99	0.83	0.46	0.08	0.97	0.59	0.77	0.88	0.82

Click cells to compare fundamentals

AbbVie Account Relationship Matchups

AbbVie fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	1.5B	1.7B	1.8B	1.8B	1.8B	1.8B
Total Assets	89.1B	150.6B	146.5B	138.8B	134.7B	81.2B
Other Current Liab	10.4B	17.9B	19.8B	22.5B	30.7B	32.2B
Total Current Liabilities	15.6B	28.7B	35.2B	29.5B	37.8B	39.7B
Total Stockholder Equity	(8.2B)	13.1B	15.4B	17.3B	10.4B	7.1B
Other Liab	18.5B	30.4B	31.0B	31.7B	36.5B	38.3B
Property Plant And Equipment Net	3.0B	5.2B	5.1B	4.9B	5.0B	3.6B
Net Debt	26.8B	77.6B	66.9B	54.1B	46.6B	32.2B
Accounts Payable	1.5B	2.3B	2.9B	2.9B	3.7B	3.9B
Cash	39.9B	8.4B	9.7B	9.2B	12.8B	10.5B
Non Current Assets Total	39.6B	126.4B	118.6B	110.3B	101.7B	57.7B
Other Assets	1.9B	5.1B	4.1B	4.8B	5.6B	5.8B
Cash And Short Term Investments	39.9B	8.5B	9.8B	9.2B	12.8B	11.0B
Net Receivables	5.4B	8.8B	10.0B	11.3B	11.2B	6.8B
Good Will	15.6B	33.1B	32.4B	32.2B	32.3B	18.6B
Short Term Investments	0.0	30M	84M	28M	2M	1.9M
Liabilities And Stockholders Equity	89.1B	150.6B	146.5B	138.8B	134.7B	81.2B
Non Current Liabilities Total	81.7B	108.8B	95.9B	92.0B	86.5B	55.5B
Inventory	1.8B	3.3B	3.1B	3.6B	4.1B	2.2B
Other Stockholder Equity	(9.3B)	15.1B	15.2B	14.7B	13.6B	7.1B
Total Liab	97.3B	137.5B	131.1B	121.5B	124.3B	74.1B
Property Plant And Equipment Gross	3.0B	5.2B	10.7B	11.0B	11.6B	12.2B
Total Current Assets	49.5B	24.2B	27.9B	28.5B	33.0B	23.5B
Accumulated Other Comprehensive Income	(3.6B)	(3.1B)	(2.9B)	(2.2B)	(2.3B)	(2.4B)
Intangible Assets	18.6B	82.9B	76.0B	67.4B	55.6B	32.2B
Property Plant Equipment	3.0B	5.2B	5.1B	4.9B	5.7B	3.4B
Long Term Debt	63.0B	77.6B	64.2B	59.1B	52.2B	41.2B
Short Long Term Debt Total	66.7B	86.1B	76.7B	63.3B	59.4B	49.8B
Non Currrent Assets Other	1.2B	1.2B	1.9B	3.4B	6.6B	6.9B
Short Term Debt	3.8B	8.5B	12.5B	4.1B	7.2B	5.2B
Net Tangible Assets	(42.4B)	(102.9B)	(96.2B)	(82.3B)	(74.1B)	(77.8B)
Retained Earnings	4.7B	1.1B	3.1B	4.8B	(1B)	(950M)
Retained Earnings Total Equity	4.7B	1.1B	3.1B	4.8B	5.5B	3.4B
Long Term Debt Total	63.0B	77.6B	64.2B	59.1B	68.0B	50.1B
Capital Surpluse	15.2B	17.4B	18.3B	19.2B	22.1B	15.8B
Additional Paid In Capital	15.2B	17.4B	18.3B	19.2B	20.2B	15.0B

Pair Trading with AbbVie

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 AbbVie 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 AbbVie will appreciate offsetting losses from the drop in the long position's value.

Moving together with AbbVie Stock

0.88

JNJ

Johnson Johnson Aggressive Push

Pair Corr

Moving against AbbVie Stock

0.56	SERA	Sera Prognostics Downward Rally	Pair Corr
0.43	MRK	Merck Company Financial Report 6th of August 2024	Pair Corr

The ability to find closely correlated positions to AbbVie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AbbVie 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 AbbVie - 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 AbbVie Inc to buy it.

The correlation of AbbVie 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 AbbVie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AbbVie Inc 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 AbbVie 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

When determining whether AbbVie Inc is a strong investment it is important to analyze AbbVie'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 AbbVie's future performance. For an informed investment choice regarding AbbVie Stock, refer to the following important reports:

How To Invest In AbbVie

Details

Is AbbVie Stock a good investment?

Details

What is AbbVie's Net Worth?

Details

Largest Biotechnology Companies

View

Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AbbVie Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Note that the AbbVie Inc information on this page should be used as a complementary analysis to other AbbVie'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for AbbVie Stock analysis

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

	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm

Is AbbVie'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 AbbVie. If investors know AbbVie 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 AbbVie 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

4.964

Dividend Share

6.06

Earnings Share

3.36

Revenue Per Share

30.775

Quarterly Revenue Growth

0.007

The market value of AbbVie Inc is measured differently than its book value, which is the value of AbbVie that is recorded on the company's balance sheet. Investors also form their own opinion of AbbVie's value that differs from its market value or its book value, called intrinsic value, which is AbbVie'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 AbbVie's market value can be influenced by many factors that don't directly affect AbbVie'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 AbbVie's value and its price as these two are different measures arrived at by different means. Investors typically determine if AbbVie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AbbVie'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

AbbVie Total Revenue vs Other Operating Expenses Analysis

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Total Revenue

Other Operating Expenses

AbbVie fundamental ratios Correlations

AbbVie Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AbbVie fundamental ratios Accounts

Pair Trading with AbbVie

Moving together with AbbVie Stock

Moving against AbbVie Stock

Complementary Tools for AbbVie Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Intangible Assets	+ 1.0	Non Current Assets Total
Good Will	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Property Plant And Equipment Net
Good Will	+ 0.99	Non Current Assets Total

Cash And Short Term Investments	- 0.55	Total Stockholder Equity
Other Stockholder Equity	- 0.54	Cash And Short Term Investments
Cash	- 0.52	Total Stockholder Equity
Other Stockholder Equity	- 0.51	Cash
Short Term Investments	- 0.46	Other Assets
Short Term Investments	- 0.44	Property Plant And Equipment Net