Array Net Income vs Gross Profit Analysis
| ARRY Stock | USD 10.74 0.22 2.01% |
Array TechnologiesInc financial indicator trend analysis is way more than just evaluating Array TechnologiesInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Array TechnologiesInc is a good investment. Please check the relationship between Array TechnologiesInc Net Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Array TechnologiesInc Net Income account and Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Array TechnologiesInc's Net Income and Gross Profit is -1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Array TechnologiesInc, assuming nothing else is changed. The correlation between historical values of Array TechnologiesInc's Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Array TechnologiesInc are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., Array TechnologiesInc's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | -1.0 |
| Relationship Direction | Negative |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Array TechnologiesInc financial statement analysis. It represents the amount of money remaining after all of Array TechnologiesInc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Array TechnologiesInc minus its cost of goods sold. It is profit before Array TechnologiesInc 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.Most indicators from Array TechnologiesInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Array TechnologiesInc 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 Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.At this time, Array TechnologiesInc's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.11 in 2024, whereas Selling General Administrative is likely to drop slightly above 151.6 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 104.9M | 249.9M | 159.5M | 151.6M | Cost Of Revenue | 770.5M | 1.4B | 1.2B | 1.1B |
Array TechnologiesInc fundamental ratios Correlations
Click cells to compare fundamentals
Array TechnologiesInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Array TechnologiesInc fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 923.6M | 656.0M | 1.1B | 1.7B | 1.7B | 1.6B | |
| Total Current Liabilities | 590.6M | 289.1M | 245.3M | 465.3M | 335.7M | 318.9M | |
| Net Debt | (212.5M) | 319.8M | 353.6M | 635.7M | 458.6M | 481.5M | |
| Cash | 310.3M | 108.4M | 367.7M | 133.9M | 249.1M | 236.6M | |
| Net Receivables | 96.9M | 135.9M | 245.1M | 424.7M | 332.2M | 469.3M | |
| Common Stock Total Equity | 171K | 211K | 127K | 150K | 135K | 128.3K | |
| Liabilities And Stockholders Equity | 923.6M | 656.0M | 1.1B | 1.7B | 1.7B | 1.6B | |
| Inventory | 148.0M | 118.5M | 205.7M | 233.2M | 162.0M | 153.9M | |
| Total Liab | 618.4M | 736.9M | 974.7M | 1.3B | 1.1B | 1.0B | |
| Property Plant And Equipment Gross | 10.7M | 9.8M | 21.9M | 23.2M | 54.0M | 51.3M | |
| Total Current Assets | 619.7M | 375.2M | 852.0M | 831.2M | 832.3M | 790.7M | |
| Accumulated Other Comprehensive Income | (461K) | (6.6M) | 0.0 | 8.4M | 44.8M | 47.1M | |
| Non Current Assets Total | 303.9M | 280.8M | 290.9M | 874.8M | 874.5M | 830.7M | |
| Short Long Term Debt Total | 97.7M | 428.3M | 721.3M | 769.6M | 707.6M | 672.3M | |
| Other Current Liab | 28.6M | 50.0M | 43.5M | 66.7M | 122.5M | 116.4M | |
| Total Stockholder Equity | 305.2M | (80.9M) | 168.3M | 423.9M | 610.5M | 580.0M | |
| Property Plant And Equipment Net | 10.7M | 9.8M | 10.7M | 23.2M | 54.0M | 51.3M | |
| Accounts Payable | 135.5M | 85.0M | 92.0M | 170.4M | 119.5M | 113.5M | |
| Cash And Short Term Investments | 310.3M | 108.4M | 367.7M | 133.9M | 249.1M | 236.6M | |
| Non Current Liabilities Total | 27.8M | 447.8M | 729.4M | 816.9M | 760.5M | 1.2B | |
| Other Current Assets | 13.5M | 12.4M | 33.6M | 39.4M | 89.1M | 84.6M | |
| Other Stockholder Equity | 311.7M | 140.5M | 202.6M | 383.2M | 344.5M | 327.3M | |
| Common Stock | 305.2M | 127K | 135K | 150K | 151K | 143.5K | |
| Current Deferred Revenue | 328.8M | 149.8M | 99.6M | 178.9M | 66.5M | 73.2M | |
| Short Term Debt | 97.7M | 4.3M | 10.2M | 49.2M | 27.2M | 30.1M | |
| Net Tangible Assets | 11.9M | (348.9M) | (313.7M) | 423.9M | 487.4M | 511.8M | |
| Net Invested Capital | 97.7M | 347.3M | 646.2M | 883.3M | 941.7M | 563.0M | |
| Short Long Term Debt | 97.7M | 4.3M | 4.3M | 38.7M | 21.5M | 30.1M | |
| Non Current Liabilities Other | 12.0M | 10.7M | 18.4M | 24.0M | 32.7M | 20.7M | |
| Net Working Capital | 29.1M | 86.1M | 606.7M | 365.9M | 496.6M | 297.7M | |
| Intangible Assets | 223.5M | 198.3M | 174.8M | 386.4M | 350.4M | 290.0M | |
| Property Plant Equipment | 10.7M | 9.8M | 21.9M | 23.2M | 26.7M | 16.8M |
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.When determining whether Array TechnologiesInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Array TechnologiesInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Array Technologiesinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Array Technologiesinc Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |
Is Array TechnologiesInc'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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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 (0.65) | Earnings Share 0.38 | Revenue Per Share 8.954 | Quarterly Revenue Growth (0.59) | Return On Assets 0.0628 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc'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 Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc'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 Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc'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.