1st Interest Income vs Gross Profit Analysis
SRCE Stock | USD 50.55 0.35 0.70% |
1st Source financial indicator trend analysis is way more than just evaluating 1st Source prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 1st Source is a good investment. Please check the relationship between 1st Source Interest Income and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.
Interest Income vs Gross Profit
Interest Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 1st Source Interest Income account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 1st Source's Interest Income and Gross Profit is 0.82. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of 1st Source, assuming nothing else is changed. The correlation between historical values of 1st Source's Interest 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 Interest Income of 1st Source 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 Interest Income i.e., 1st Source's Interest Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Gross Profit
Gross profit is a required income statement account that reflects total revenue of 1st Source minus its cost of goods sold. It is profit before 1st Source 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 1st Source's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 1st Source 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 World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.At present, 1st Source's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 251.04, whereas Tax Provision is forecasted to decline to about 34.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 336.7M | 354.7M | 507.5M | 532.9M | Total Revenue | 336.7M | 354.7M | 507.5M | 532.9M |
1st Source fundamental ratios Correlations
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1st Source Account Relationship Matchups
High Positive Relationship
High Negative Relationship
1st Source fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 25.6M | 25.5M | 25.0M | 24.7M | 24.6M | 21.7M | |
Total Assets | 6.6B | 7.3B | 8.1B | 8.3B | 8.7B | 4.5B | |
Short Long Term Debt Total | 155.8M | 147.7M | 135.3M | 179.4M | 419.0M | 440.0M | |
Other Current Liab | (25.4M) | (7.1M) | (5.3M) | (74.1M) | 4.1B | 2.2B | |
Total Current Liabilities | 25.4M | 7.1M | 5.3M | 74.1M | 4.4B | 4.6B | |
Total Stockholder Equity | 828.3M | 886.8M | 916.3M | 864.1M | 989.6M | 1.0B | |
Property Plant And Equipment Net | 163.9M | 114.4M | 95.5M | 76.5M | 66.5M | 102.1M | |
Net Debt | 88.6M | 73.5M | 80.9M | 94.7M | 341.6M | 358.6M | |
Retained Earnings | 463.3M | 514.2M | 603.8M | 694.9M | 789.8M | 829.3M | |
Cash | 67.2M | 74.2M | 54.4M | 84.7M | 77.5M | 72.3M | |
Non Current Assets Total | 1.3B | 1.4B | 2.1B | 2.0B | 8.6B | 9.0B | |
Non Currrent Assets Other | (1.3B) | (1.4B) | (2.1B) | (2.0B) | 427.1M | 448.4M | |
Other Assets | 4.0B | 4.3B | 3.8B | 4.1B | 1.0 | 0.95 | |
Cash And Short Term Investments | 1.1B | 1.3B | 1.9B | 1.9B | 106.4M | 101.1M | |
Liabilities And Stockholders Equity | 6.6B | 7.3B | 8.1B | 8.3B | 8.7B | 4.5B | |
Non Current Liabilities Total | 130.4M | 140.6M | 130.0M | 74.1M | 3.3B | 3.4B | |
Other Stockholder Equity | (76.7M) | (82.2M) | (114.2M) | (119.6M) | (130.5M) | (124.0M) | |
Total Liab | 5.8B | 6.4B | 7.1B | 7.4B | 7.7B | 4.0B | |
Property Plant And Equipment Gross | 163.9M | 114.4M | 95.5M | 76.5M | 164.5M | 103.0M | |
Total Current Assets | 1.3B | 1.6B | 2.2B | 2.2B | 130.4M | 123.9M | |
Short Term Debt | 25.4M | 7.1M | 5.3M | 74.1M | 312.4M | 328.0M | |
Accumulated Other Comprehensive Income | 5.2M | 18.4M | (9.9M) | (147.7M) | (106.3M) | (101.0M) | |
Other Liab | 18.3M | 25.2M | 25.0M | 23.7M | 21.3M | 38.2M | |
Accounts Payable | 5.4B | 5.9B | 6.7B | 6.9B | 8.0B | 4.4B | |
Short Term Investments | 1.0B | 1.2B | 1.9B | 1.8B | 1.6B | 1.7B | |
Inventory | (92.5M) | (265.6M) | (543.8M) | (148.0M) | (133.2M) | (126.5M) | |
Treasury Stock | (76.7M) | (82.2M) | (114.2M) | (119.6M) | (107.7M) | (102.3M) | |
Property Plant Equipment | 52.2M | 49.4M | 95.5M | 31.7M | 28.5M | 27.1M | |
Good Will | 83.9M | 83.9M | 83.9M | 83.9M | 83.9M | 81.9M | |
Intangible Assets | 104K | 82K | 60K | 40K | 83.9M | 49.8M | |
Other Current Assets | 92.5M | 265.6M | 543.8M | 148.0M | 130.4M | 123.9M | |
Net Tangible Assets | 744.3M | 802.9M | 832.3M | 780.2M | 897.2M | 692.6M | |
Noncontrolling Interest In Consolidated Entity | 20.4M | 43.8M | 53.2M | 59.7M | 68.7M | 72.1M | |
Retained Earnings Total Equity | 463.3M | 514.2M | 603.8M | 694.9M | 799.1M | 415.8M | |
Long Term Investments | 6.0B | 6.6B | 1.9B | 1.8B | 1.6B | 3.0B | |
Non Current Liabilities Other | 212.2M | 230.3M | 189.0M | 213.1M | 245.1M | 169.8M | |
Net Receivables | 228.0M | 288.6M | 269.5M | 380.0M | 437.0M | 458.9M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.Note that the 1st Source information on this page should be used as a complementary analysis to other 1st Source'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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Is 1st Source'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 1st Source. If investors know 1st 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 1st Source 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 (0.05) | Dividend Share 1.34 | Earnings Share 4.97 | Revenue Per Share 14.701 | Quarterly Revenue Growth (0.03) |
The market value of 1st Source is measured differently than its book value, which is the value of 1st that is recorded on the company's balance sheet. Investors also form their own opinion of 1st Source's value that differs from its market value or its book value, called intrinsic value, which is 1st Source'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 1st Source's market value can be influenced by many factors that don't directly affect 1st Source'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 1st Source's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1st Source is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1st Source'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.