Forward Cost Of Revenue vs Gross Profit Analysis
FWRD Stock | USD 14.28 1.12 7.27% |
Forward Air financial indicator trend analysis is much more than just examining Forward Air latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forward Air is a good investment. Please check the relationship between Forward Air Cost Of Revenue and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. 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 information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
Cost Of Revenue vs Gross Profit
Cost Of Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forward Air Cost Of Revenue account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Forward Air's Cost Of Revenue and Gross Profit is 0.46. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Forward Air, assuming nothing else is changed. The correlation between historical values of Forward Air's Cost Of Revenue 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 Cost Of Revenue of Forward Air 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 Cost Of Revenue i.e., Forward Air's Cost Of Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Forward Air income statement and represents the costs associated with goods and services Forward Air provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Forward Air minus its cost of goods sold. It is profit before Forward Air 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 Forward Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forward Air 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. 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 information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Air's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.7 B, whereas Tax Provision is forecasted to decline to about 13.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 365.3M | 546.8M | 88.2M | 83.8M | Total Revenue | 1.7B | 2.0B | 1.4B | 1.4B |
Forward Air fundamental ratios Correlations
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Forward Air Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forward Air fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 990.9M | 1.0B | 1.1B | 1.2B | 3.0B | 3.2B | |
Short Long Term Debt Total | 225.8M | 243.2M | 320.1M | 277.8M | 1.9B | 2.0B | |
Other Current Liab | 5.3M | 32.8M | 4.6M | 7.2M | 103.5M | 108.7M | |
Total Current Liabilities | 137.2M | 172.1M | 164.7M | 169.4M | 237.1M | 248.9M | |
Total Stockholder Equity | 577.2M | 547.3M | 593.7M | 707.2M | 764.3M | 802.5M | |
Property Plant And Equipment Net | 364.7M | 313.2M | 367.3M | 390.9M | 369.6M | 388.1M | |
Net Debt | 161.1M | 203.0M | 282.8M | 232.0M | 1.8B | 1.9B | |
Retained Earnings | 350.0M | 304.1M | 334.9M | 436.1M | 480.3M | 504.3M | |
Accounts Payable | 30.0M | 38.4M | 44.8M | 54.6M | 45.4M | 47.7M | |
Cash | 64.7M | 40.3M | 37.3M | 45.8M | 161.6M | 169.7M | |
Non Current Assets Total | 754.6M | 798.2M | 835.0M | 903.8M | 2.7B | 2.8B | |
Non Currrent Assets Other | 41.0M | 95.0M | 46.3M | 738K | 58.9M | 61.8M | |
Cash And Short Term Investments | 64.7M | 40.3M | 37.3M | 45.8M | 161.6M | 169.7M | |
Net Receivables | 150.2M | 156.5M | 216.2M | 221.0M | 158.7M | 85.2M | |
Common Stock Shares Outstanding | 28.3M | 27.7M | 27.3M | 26.9M | 26.0M | 30.8M | |
Liabilities And Stockholders Equity | 990.9M | 1.0B | 1.1B | 1.2B | 3.0B | 3.2B | |
Non Current Liabilities Total | 276.5M | 328.4M | 359.5M | 331.4M | 2.0B | 2.1B | |
Inventory | 2.2M | 2.1M | 21.0M | 1.0 | 1.15 | 1.09 | |
Other Current Assets | 21.4M | 31.8M | 29.3M | 37.5M | 26.8M | 28.1M | |
Other Stockholder Equity | 226.9M | 242.9M | 258.5M | 270.9M | 283.7M | 164.1M | |
Total Liab | 413.7M | 500.4M | 524.2M | 500.8M | 2.3B | 2.4B | |
Property Plant And Equipment Gross | 364.7M | 380.5M | 219.1M | 249.1M | 619.8M | 650.8M | |
Total Current Assets | 236.3M | 249.5M | 282.8M | 304.3M | 347.0M | 364.4M | |
Short Term Debt | 52.0M | 45.5M | 53.6M | 56.6M | 57.0M | 59.8M | |
Common Stock Total Equity | 279K | 273K | 270K | 265K | 304.8K | 279.6K | |
Common Stock | 279K | 273K | 270K | 265K | 257K | 279.8K | |
Intangible Assets | 127.8M | 145.0M | 154.7M | 154.8M | 134.8M | 68.5M | |
Other Assets | 41.0M | 31.0M | 1K | 51.8M | 59.6M | 62.6M | |
Long Term Debt | 67.3M | 112.4M | 165.0M | 106.6M | 1.8B | 1.9B | |
Property Plant Equipment | 213.0M | 189.9M | 367.3M | 249.1M | 286.4M | 152.6M | |
Good Will | 221.1M | 245.0M | 266.8M | 306.2M | 278.7M | 292.6M | |
Other Liab | 102.8M | 130.7M | 93.0M | 110.1M | 126.7M | 133.0M | |
Net Tangible Assets | 329.8M | 272.2M | 172.2M | 822.0M | 945.2M | 992.5M | |
Retained Earnings Total Equity | 350.0M | 304.1M | 334.9M | 436.1M | 501.5M | 355.2M | |
Long Term Debt Total | 72.2M | 117.4M | 155.5M | 106.6M | 122.6M | 128.7M | |
Capital Surpluse | 226.9M | 242.9M | 258.5M | 270.9M | 311.5M | 178.9M | |
Capital Lease Obligations | 4.9M | 5.0M | 148.9M | 161.8M | 142.7M | 149.8M | |
Deferred Long Term Liab | 43.9M | 42.0M | 43.4M | 51.1M | 58.8M | 34.7M |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. 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 information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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Is Forward Air'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 Forward Air. If investors know Forward 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 Forward Air 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 1.45 | Dividend Share 0.72 | Earnings Share (2.45) | Revenue Per Share 60.079 | Quarterly Revenue Growth 0.515 |
The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air'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 Forward Air's market value can be influenced by many factors that don't directly affect Forward Air'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 Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Air'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.