Medtronic Gross Profit vs Total Revenue Analysis
MDT Stock | USD 79.74 0.49 0.62% |
Medtronic PLC financial indicator trend analysis is infinitely more than just investigating Medtronic PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Medtronic PLC is a good investment. Please check the relationship between Medtronic PLC Gross Profit and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Gross Profit vs Total Revenue
Gross Profit vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Medtronic PLC Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Medtronic PLC's Gross Profit and Total Revenue is 1.0. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Medtronic PLC, assuming nothing else is changed. The correlation between historical values of Medtronic PLC's Gross Profit and Total 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 Medtronic PLC are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Medtronic PLC's Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Medtronic PLC minus its cost of goods sold. It is profit before Medtronic PLC 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.Total Revenue
Total revenue comprises all receipts Medtronic PLC 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.Most indicators from Medtronic PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medtronic PLC 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.At this time, Medtronic PLC's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 458.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 7.5 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 21.5B | 20.5B | 23.6B | 24.8B | Total Revenue | 31.7B | 31.2B | 35.9B | 37.7B |
Medtronic PLC fundamental ratios Correlations
Click cells to compare fundamentals
Medtronic PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Medtronic PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 90.7B | 93.1B | 91.0B | 90.9B | 104.6B | 109.8B | |
Short Long Term Debt Total | 24.8B | 26.4B | 24.1B | 24.4B | 28.0B | 29.4B | |
Other Current Liab | 5.6B | 6.1B | 6.1B | 6.1B | 7.0B | 7.3B | |
Total Current Liabilities | 10.4B | 8.5B | 12.4B | 9.1B | 10.4B | 10.9B | |
Total Stockholder Equity | 50.7B | 51.4B | 52.6B | 51.5B | 59.2B | 62.2B | |
Property Plant And Equipment Net | 4.8B | 5.2B | 5.4B | 5.6B | 6.4B | 6.7B | |
Net Debt | 20.7B | 22.8B | 20.4B | 22.8B | 26.2B | 27.6B | |
Retained Earnings | 28.1B | 28.6B | 30.3B | 30.4B | 35.0B | 36.7B | |
Cash | 4.1B | 3.6B | 3.7B | 1.5B | 1.8B | 1.6B | |
Non Current Assets Total | 68.7B | 70.5B | 67.9B | 69.3B | 79.7B | 83.6B | |
Non Currrent Assets Other | 1.6B | 1.7B | 2.0B | 2.3B | 2.7B | 2.8B | |
Cash And Short Term Investments | 10.9B | 10.8B | 10.6B | 8.0B | 9.2B | 4.8B | |
Net Receivables | 4.6B | 5.5B | 5.6B | 6.0B | 6.9B | 7.2B | |
Common Stock Shares Outstanding | 1.4B | 1.4B | 1.4B | 1.3B | 1.5B | 1.2B | |
Liabilities And Stockholders Equity | 90.7B | 93.1B | 91.0B | 90.9B | 104.6B | 109.8B | |
Non Current Liabilities Total | 29.5B | 33.0B | 25.9B | 30.2B | 34.8B | 36.5B | |
Inventory | 4.2B | 4.3B | 4.6B | 5.3B | 6.1B | 6.4B | |
Other Current Assets | 2.2B | 2.0B | 2.3B | 2.4B | 2.8B | 2.9B | |
Other Stockholder Equity | 26.2B | 26.3B | 24.6B | 24.6B | 28.3B | 29.7B | |
Total Liab | 39.8B | 41.5B | 38.3B | 39.3B | 45.2B | 47.4B | |
Total Current Assets | 22.0B | 22.5B | 23.1B | 21.7B | 24.9B | 26.2B | |
Short Term Debt | 2.8B | 11M | 3.7B | 20M | 23M | 21.9M | |
Intangible Assets | 19.1B | 17.7B | 15.6B | 14.8B | 17.1B | 17.9B | |
Accounts Payable | 2.0B | 2.1B | 2.3B | 2.7B | 3.1B | 3.2B | |
Other Liab | 6.7B | 5.8B | 5.5B | 6.8B | 7.8B | 3.9B | |
Other Assets | 2.1B | 3.5B | 1M | (1M) | (1.2M) | (1.1M) | |
Long Term Debt | 22.0B | 26.4B | 20.4B | 24.3B | 28.0B | 29.4B | |
Good Will | 39.8B | 42.0B | 40.5B | 41.4B | 47.6B | 50.0B | |
Short Term Investments | 6.8B | 7.2B | 6.9B | 6.4B | 7.4B | 5.0B | |
Accumulated Other Comprehensive Income | (3.6B) | (3.5B) | (2.3B) | (3.5B) | (3.1B) | (3.0B) | |
Common Stock | 134.1K | 134.5K | 133.1K | 133.1K | 119.8K | 113.8K | |
Property Plant Equipment | 4.8B | 6.2B | 5.4B | 6.6B | 7.6B | 8.0B | |
Property Plant And Equipment Gross | 5.8B | 5.2B | 13.4B | 14.1B | 16.2B | 17.0B | |
Short Long Term Debt | 2.8B | 11M | 3.7B | 20M | 18M | 17.1M | |
Net Tangible Assets | 50.7B | (8.3B) | (3.5B) | 51.5B | 59.2B | 62.2B | |
Deferred Long Term Liab | 1.2B | 1.0B | 884M | 708M | 637.2M | 605.3M | |
Noncontrolling Interest In Consolidated Entity | 135M | 174M | 171M | 182M | 209.3M | 123.1M |
Medtronic PLC Investors Sentiment
The influence of Medtronic PLC'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 Medtronic. 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 Medtronic PLC's public news can be used to forecast risks associated with an investment in Medtronic. The trend in average sentiment can be used to explain how an investor holding Medtronic can time the market purely based on public headlines and social activities around Medtronic PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Medtronic PLC'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 Medtronic PLC'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 Medtronic PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Medtronic PLC.
Medtronic PLC Implied Volatility | 19.96 |
Medtronic PLC's implied volatility exposes the market's sentiment of Medtronic PLC stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Medtronic PLC's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Medtronic PLC stock will not fluctuate a lot when Medtronic PLC's options are near their expiration.
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 Medtronic PLC 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, Medtronic PLC's short interest history, or implied volatility extrapolated from Medtronic PLC options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC'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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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Is Medtronic PLC'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 Medtronic PLC. If investors know Medtronic 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 Medtronic PLC 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 0.078 | Dividend Share 2.75 | Earnings Share 3.15 | Revenue Per Share 24.298 | Quarterly Revenue Growth 0.047 |
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC'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 Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC'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 Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC'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.