MondayCom Net Income vs Gross Profit Analysis
| MNDY Stock | USD 316.03 19.08 6.43% |
MondayCom financial indicator trend analysis is infinitely more than just investigating MondayCom recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MondayCom is a good investment. Please check the relationship between MondayCom Net Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MondayCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy MondayCom Stock please use our How to Invest in MondayCom 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 MondayCom Net Income account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between MondayCom's Net Income and Gross Profit is 0.43. 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 MondayCom, assuming nothing else is changed. The correlation between historical values of MondayCom'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 MondayCom 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., MondayCom's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.43 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in MondayCom financial statement analysis. It represents the amount of money remaining after all of MondayCom 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 MondayCom minus its cost of goods sold. It is profit before MondayCom 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 MondayCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MondayCom 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 MondayCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy MondayCom Stock please use our How to Invest in MondayCom guide.Sales General And Administrative To Revenue is likely to rise to 0.22 in 2024, whereas Tax Provision is likely to drop slightly above 4.6 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 2.7M | 8.6M | 9.0M | 5.5M | Interest Income | 875K | 18.7M | 36.3M | 38.1M |
MondayCom fundamental ratios Correlations
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MondayCom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.Additional Tools for MondayCom Stock Analysis
When running MondayCom's price analysis, check to measure MondayCom'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 MondayCom is operating at the current time. Most of MondayCom's value examination focuses on studying past and present price action to predict the probability of MondayCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MondayCom's price. Additionally, you may evaluate how the addition of MondayCom to your portfolios can decrease your overall portfolio volatility.