Qorvo Gross Profit vs Cost Of Revenue Analysis

QRVO Stock

USD 99.43 0.38 0.38%

Qorvo financial indicator trend analysis is much more than just breaking down Qorvo Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qorvo Inc is a good investment. Please check the relationship between Qorvo Gross Profit and its Cost Of Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo 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 real.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qorvo Inc Gross Profit account and Cost Of Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Qorvo's Gross Profit and Cost Of Revenue is 0.84. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Qorvo Inc, assuming nothing else is changed. The correlation between historical values of Qorvo's Gross Profit and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Qorvo Inc are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., Qorvo's Gross Profit and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Qorvo Inc minus its cost of goods sold. It is profit before Qorvo 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.

Cost Of Revenue

Cost of Revenue is found on Qorvo Inc income statement and represents the costs associated with goods and services Qorvo 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.

Most indicators from Qorvo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qorvo 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo 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 real.

At this time, Qorvo's Issuance Of Capital Stock is very stable compared to the past year. As of the 15th of May 2024, Enterprise Value Over EBITDA is likely to grow to 116.79, while Selling General Administrative is likely to drop about 280.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.3B	1.3B	1.5B	804.4M
Total Revenue	4.6B	3.6B	3.8B	1.9B

Gross Profit Total Revenue

Qorvo fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		0.75	0.46	0.95	0.43	0.46	0.7	0.52	0.61	-0.16	0.76	0.51	0.71	0.63	0.9	0.94	0.73	0.92	0.89	0.6	0.96	0.78	0.8	0.88	0.78	0.81
Other Current Liab	0.75		0.37	0.65	0.4	0.36	0.55	0.68	0.6	-0.27	0.79	0.39	0.65	0.3	0.59	0.73	0.75	0.72	0.69	0.69	0.69	0.65	0.58	0.69	0.54	0.76
Total Current Liabilities	0.46	0.37		0.3	0.57	0.99	0.8	0.8	0.89	-0.47	0.82	0.84	0.87	0.03	0.23	0.48	0.68	0.7	0.5	0.6	0.54	0.71	0.7	0.65	0.42	0.67
Total Stockholder Equity	0.95	0.65	0.3		0.24	0.33	0.54	0.32	0.4	0.05	0.6	0.47	0.52	0.79	0.98	0.87	0.64	0.84	0.86	0.37	0.95	0.65	0.66	0.79	0.79	0.62
Retained Earnings	0.43	0.4	0.57	0.24		0.52	0.69	0.76	0.74	-0.58	0.64	0.43	0.73	-0.14	0.07	0.39	0.4	0.58	0.41	0.66	0.42	0.54	0.68	0.66	0.23	0.75
Accounts Payable	0.46	0.36	0.99	0.33	0.52		0.77	0.77	0.85	-0.42	0.79	0.85	0.84	0.09	0.26	0.49	0.69	0.69	0.5	0.55	0.55	0.67	0.68	0.67	0.45	0.63
Cash	0.7	0.55	0.8	0.54	0.69	0.77		0.72	0.88	-0.57	0.84	0.6	0.9	0.06	0.44	0.74	0.66	0.84	0.77	0.61	0.7	0.8	0.97	0.82	0.63	0.86
Other Assets	0.52	0.68	0.8	0.32	0.76	0.77	0.72		0.88	-0.47	0.88	0.66	0.88	-0.01	0.2	0.47	0.71	0.7	0.49	0.79	0.53	0.74	0.66	0.75	0.33	0.81
Long Term Debt	0.61	0.6	0.89	0.4	0.74	0.85	0.88	0.88		-0.62	0.94	0.64	0.99	-0.01	0.29	0.64	0.78	0.82	0.66	0.86	0.64	0.81	0.8	0.75	0.56	0.91
Short Term Investments	-0.16	-0.27	-0.47	0.05	-0.58	-0.42	-0.57	-0.47	-0.62		-0.49	-0.14	-0.56	0.53	0.14	-0.37	-0.28	-0.34	-0.39	-0.56	-0.14	-0.46	-0.44	-0.32	-0.22	-0.55
Inventory	0.76	0.79	0.82	0.6	0.64	0.79	0.84	0.88	0.94	-0.49		0.69	0.96	0.19	0.51	0.75	0.83	0.91	0.77	0.84	0.78	0.86	0.79	0.82	0.63	0.92
Other Current Assets	0.51	0.39	0.84	0.47	0.43	0.85	0.6	0.66	0.64	-0.14	0.69		0.67	0.37	0.43	0.45	0.58	0.68	0.46	0.35	0.62	0.55	0.56	0.62	0.31	0.48
Total Liab	0.71	0.65	0.87	0.52	0.73	0.84	0.9	0.88	0.99	-0.56	0.96	0.67		0.12	0.42	0.72	0.81	0.89	0.74	0.85	0.74	0.86	0.85	0.83	0.62	0.94
Intangible Assets	0.63	0.3	0.03	0.79	-0.14	0.09	0.06	-0.01	-0.01	0.53	0.19	0.37	0.12		0.84	0.45	0.44	0.48	0.46	0.01	0.69	0.27	0.19	0.42	0.52	0.16
Common Stock	0.9	0.59	0.23	0.98	0.07	0.26	0.44	0.2	0.29	0.14	0.51	0.43	0.42	0.84		0.83	0.59	0.77	0.82	0.27	0.9	0.59	0.56	0.7	0.78	0.5
Property Plant Equipment	0.94	0.73	0.48	0.87	0.39	0.49	0.74	0.47	0.64	-0.37	0.75	0.45	0.72	0.45	0.83		0.72	0.89	0.94	0.61	0.89	0.77	0.8	0.84	0.83	0.8
Other Liab	0.73	0.75	0.68	0.64	0.4	0.69	0.66	0.71	0.78	-0.28	0.83	0.58	0.81	0.44	0.59	0.72		0.81	0.75	0.72	0.79	0.79	0.65	0.77	0.77	0.78
Good Will	0.92	0.72	0.7	0.84	0.58	0.69	0.84	0.7	0.82	-0.34	0.91	0.68	0.89	0.48	0.77	0.89	0.81		0.92	0.71	0.96	0.87	0.86	0.91	0.8	0.89
Property Plant And Equipment Net	0.89	0.69	0.5	0.86	0.41	0.5	0.77	0.49	0.66	-0.39	0.77	0.46	0.74	0.46	0.82	0.94	0.75	0.92		0.55	0.93	0.79	0.78	0.85	0.91	0.79
Net Debt	0.6	0.69	0.6	0.37	0.66	0.55	0.61	0.79	0.86	-0.56	0.84	0.35	0.85	0.01	0.27	0.61	0.72	0.71	0.55		0.56	0.73	0.58	0.62	0.46	0.9
Non Current Assets Total	0.96	0.69	0.54	0.95	0.42	0.55	0.7	0.53	0.64	-0.14	0.78	0.62	0.74	0.69	0.9	0.89	0.79	0.96	0.93	0.56		0.79	0.75	0.88	0.85	0.77
Non Currrent Assets Other	0.78	0.65	0.71	0.65	0.54	0.67	0.8	0.74	0.81	-0.46	0.86	0.55	0.86	0.27	0.59	0.77	0.79	0.87	0.79	0.73	0.79		0.79	0.84	0.71	0.85
Cash And Short Term Investments	0.8	0.58	0.7	0.66	0.68	0.68	0.97	0.66	0.8	-0.44	0.79	0.56	0.85	0.19	0.56	0.8	0.65	0.86	0.78	0.58	0.75	0.79		0.86	0.64	0.86
Net Receivables	0.88	0.69	0.65	0.79	0.66	0.67	0.82	0.75	0.75	-0.32	0.82	0.62	0.83	0.42	0.7	0.84	0.77	0.91	0.85	0.62	0.88	0.84	0.86		0.74	0.84
Common Stock Shares Outstanding	0.78	0.54	0.42	0.79	0.23	0.45	0.63	0.33	0.56	-0.22	0.63	0.31	0.62	0.52	0.78	0.83	0.77	0.8	0.91	0.46	0.85	0.71	0.64	0.74		0.65
Non Current Liabilities Total	0.81	0.76	0.67	0.62	0.75	0.63	0.86	0.81	0.91	-0.55	0.92	0.48	0.94	0.16	0.5	0.8	0.78	0.89	0.79	0.9	0.77	0.85	0.86	0.84	0.65

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Qorvo Account Relationship Matchups

Qorvo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	7.2B	7.5B	6.7B	6.6B	3.6B
Other Current Liab	74.2M	112.7M	347.2M	345.1M	201.6M	111.8M
Total Current Liabilities	539.0M	681.6M	675.1M	555.8M	1.2B	1.3B
Total Stockholder Equity	4.3B	4.6B	4.6B	3.9B	3.6B	2.4B
Retained Earnings	0.0	355.0M	512.1M	84.5M	76.0M	79.8M
Accounts Payable	247.0M	313.9M	327.9M	210.7M	589.8M	619.2M
Cash	714.9M	1.4B	972.6M	808.8M	1.0B	1.1B
Other Assets	100.2M	119.5M	324.1M	193.4M	222.4M	233.5M
Long Term Debt	1.6B	1.7B	2.0B	2.0B	2.4B	2.5B
Short Term Investments	459K	3.8M	2.9M	1.1M	984.6K	935.4K
Inventory	517.2M	507.8M	755.7M	796.6M	710.6M	746.1M
Other Current Assets	91.2M	120.7M	152.7M	119.9M	293.3M	307.9M
Total Liab	2.3B	2.6B	3.0B	2.8B	3.0B	3.1B
Intangible Assets	808.9M	611.2M	674.8M	537.7M	509.4M	555.5M
Common Stock	4.3B	4.2B	4.0B	3.8B	3.6B	2.5B
Property Plant Equipment	1.3B	1.3B	1.3B	1.1B	1.3B	688.2M
Other Liab	103.7M	114.7M	233.6M	185.3M	213.1M	223.7M
Good Will	2.6B	2.6B	2.8B	2.8B	2.5B	2.7B
Property Plant And Equipment Net	1.3B	1.3B	1.3B	1.1B	871.0M	1.1B
Net Debt	852.3M	344.7M	1.1B	1.2B	958.8M	481.7M
Non Current Assets Total	4.9B	4.7B	5.1B	4.7B	4.1B	4.4B
Non Currrent Assets Other	119.5M	123.3M	287.3M	155.3M	170.4M	178.9M
Cash And Short Term Investments	714.9M	1.4B	972.6M	808.8M	1.0B	796.3M
Net Receivables	367.2M	457.4M	568.9M	304.5M	413.0M	385.4M
Common Stock Shares Outstanding	119.3M	116.0M	111.5M	103.0M	97.6M	119.7M
Non Current Liabilities Total	1.7B	1.9B	2.3B	2.2B	1.8B	1.4B
Other Stockholder Equity	288K	29.6M	5.2M	(3.2M)	(2.9M)	(2.7M)
Total Current Assets	1.7B	2.5B	2.4B	2.0B	2.4B	1.8B
Short Long Term Debt Total	1.6B	1.7B	2.0B	2.0B	2.0B	1.5B
Net Tangible Assets	869.5M	1.4B	1.1B	604.3M	543.9M	967.0M
Common Stock Total Equity	4.3B	4.2B	4.0B	3.8B	3.4B	3.6B
Liabilities And Stockholders Equity	6.6B	7.2B	7.5B	6.7B	6.6B	6.8B
Long Term Investments	22.5M	35.4M	31.1M	20.4M	23.5M	37.4M
Property Plant And Equipment Gross	1.3B	1.3B	3.0B	3.1B	3.5B	3.7B
Accumulated Other Comprehensive Income	2.3M	29.6M	5.2M	(3.2M)	(3.7M)	(3.5M)

Qorvo Investors Sentiment

The influence of Qorvo's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Qorvo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Qorvo's public news can be used to forecast risks associated with an investment in Qorvo. The trend in average sentiment can be used to explain how an investor holding Qorvo can time the market purely based on public headlines and social activities around Qorvo Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Qorvo's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Qorvo's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Qorvo's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Qorvo.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Qorvo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Qorvo's short interest history, or implied volatility extrapolated from Qorvo options trading.

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When determining whether Qorvo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Qorvo'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 Qorvo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qorvo Inc Stock:

How To Invest In Qorvo

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Is Qorvo Stock a good investment?

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What is Qorvo's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo 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 real.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Qorvo Stock analysis

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

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Is Qorvo'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 Qorvo. If investors know Qorvo 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 Qorvo 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

(0.46)

Earnings Share

(0.73)

Revenue Per Share

38.639

Quarterly Revenue Growth

0.487

Return On Assets

0.0087

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

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Qorvo Gross Profit vs Cost Of Revenue Analysis

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Gross Profit

Cost Of Revenue

Qorvo fundamental ratios Correlations

Qorvo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qorvo fundamental ratios Accounts

Qorvo Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Qorvo Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Long Term Debt
Common Stock	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Cash
Non Current Assets Total	+ 0.96	Total Assets
Total Liab	+ 0.96	Inventory

Short Term Investments	- 0.62	Long Term Debt
Short Term Investments	- 0.58	Retained Earnings
Short Term Investments	- 0.57	Cash
Net Debt	- 0.56	Short Term Investments
Total Liab	- 0.56	Short Term Investments
Non Current Liabilities Total	- 0.55	Short Term Investments