Wex Cost Of Revenue vs Operating Income Analysis

WEX Stock

USD 183.90 3.66 1.95%

Wex financial indicator trend analysis is more than just analyzing Wex Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wex Inc is a good investment. Please check the relationship between Wex Cost Of Revenue and its Operating Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wex Inc Cost Of Revenue account and Operating Income. At this time, the significance of the direction appears to have no relationship.

The correlation between Wex's Cost Of Revenue and Operating Income is 0.01. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Wex Inc, assuming nothing else is changed. The correlation between historical values of Wex's Cost Of Revenue and Operating Income 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 Wex Inc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Cost Of Revenue i.e., Wex's Cost Of Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

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

Operating Income

Operating Income is the amount of profit realized from Wex Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Wex Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Wex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wex 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Wex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.29 in 2024, whereas Tax Provision is likely to drop slightly above 62.2 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	128.4M	157.2M	165.0M
Depreciation And Amortization	272.6M	276.2M	290.0M

Interest Expense Depreciation And Amortization

Wex fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Common Stock Shares Outstanding	Total Liab	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.94	0.66	0.86	1.0	0.96	0.89	0.04	0.95	0.32	0.64	0.67	0.97	0.89	0.93	0.15	0.71	0.89	0.87	0.77	0.96	-0.42	0.84	0.65	0.5	0.93
Total Current Liabilities	0.94		0.41	0.75	0.96	0.83	0.99	0.05	0.87	0.21	0.37	0.45	0.93	0.93	0.77	-0.16	0.68	0.81	0.96	0.62	0.83	-0.25	0.95	0.36	0.32	0.96
Total Stockholder Equity	0.66	0.41		0.73	0.6	0.77	0.3	-0.14	0.67	0.56	0.96	0.93	0.65	0.39	0.85	0.66	0.47	0.73	0.27	0.87	0.8	-0.59	0.19	0.9	0.65	0.43
Common Stock Shares Outstanding	0.86	0.75	0.73		0.83	0.87	0.65	-0.31	0.8	0.62	0.75	0.59	0.86	0.65	0.91	0.29	0.65	0.91	0.6	0.69	0.91	-0.22	0.55	0.64	0.66	0.75
Total Liab	1.0	0.96	0.6	0.83		0.93	0.92	0.06	0.94	0.27	0.57	0.62	0.97	0.91	0.9	0.09	0.71	0.86	0.91	0.75	0.94	-0.39	0.88	0.6	0.47	0.95
Short Long Term Debt Total	0.96	0.83	0.77	0.87	0.93		0.75	-0.11	0.97	0.39	0.76	0.74	0.9	0.84	0.97	0.28	0.7	0.9	0.77	0.76	0.97	-0.44	0.7	0.73	0.59	0.8
Other Current Liab	0.89	0.99	0.3	0.65	0.92	0.75		0.09	0.82	0.06	0.25	0.37	0.88	0.92	0.68	-0.22	0.63	0.73	0.96	0.56	0.74	-0.19	0.97	0.27	0.28	0.95
Other Liab	0.04	0.05	-0.14	-0.31	0.06	-0.11	0.09		-0.09	-0.24	-0.22	0.05	0.05	0.02	-0.1	-0.02	-0.1	-0.18	0.12	0.14	-0.06	-0.52	0.17	0.04	-0.49	0.16
Property Plant And Equipment Net	0.95	0.87	0.67	0.8	0.94	0.97	0.82	-0.09		0.24	0.65	0.7	0.89	0.9	0.91	0.19	0.63	0.85	0.84	0.71	0.92	-0.41	0.78	0.63	0.57	0.82
Current Deferred Revenue	0.32	0.21	0.56	0.62	0.27	0.39	0.06	-0.24	0.24		0.58	0.28	0.29	0.1	0.5	0.2	0.44	0.62	0.03	0.32	0.5	-0.1	-0.01	0.36	0.19	0.23
Net Debt	0.64	0.37	0.96	0.75	0.57	0.76	0.25	-0.22	0.65	0.58		0.85	0.6	0.31	0.86	0.72	0.45	0.7	0.22	0.78	0.8	-0.48	0.15	0.91	0.71	0.41
Retained Earnings	0.67	0.45	0.93	0.59	0.62	0.74	0.37	0.05	0.7	0.28	0.85		0.67	0.45	0.78	0.63	0.36	0.64	0.35	0.92	0.74	-0.68	0.28	0.88	0.64	0.46
Accounts Payable	0.97	0.93	0.65	0.86	0.97	0.9	0.88	0.05	0.89	0.29	0.6	0.67		0.84	0.9	0.14	0.65	0.87	0.83	0.81	0.92	-0.45	0.8	0.61	0.48	0.91
Cash	0.89	0.93	0.39	0.65	0.91	0.84	0.92	0.02	0.9	0.1	0.31	0.45	0.84		0.72	-0.21	0.67	0.76	0.97	0.54	0.78	-0.25	0.93	0.36	0.29	0.84
Non Current Assets Total	0.93	0.77	0.85	0.91	0.9	0.97	0.68	-0.1	0.91	0.5	0.86	0.78	0.9	0.72		0.41	0.7	0.9	0.66	0.8	0.99	-0.48	0.6	0.81	0.61	0.78
Non Currrent Assets Other	0.15	-0.16	0.66	0.29	0.09	0.28	-0.22	-0.02	0.19	0.2	0.72	0.63	0.14	-0.21	0.41		-0.01	0.17	-0.27	0.46	0.32	-0.45	-0.31	0.73	0.65	-0.02
Other Assets	0.71	0.68	0.47	0.65	0.71	0.7	0.63	-0.1	0.63	0.44	0.45	0.36	0.65	0.67	0.7	-0.01		0.74	0.62	0.41	0.74	-0.23	0.58	0.43	0.25	0.62
Long Term Debt	0.89	0.81	0.73	0.91	0.86	0.9	0.73	-0.18	0.85	0.62	0.7	0.64	0.87	0.76	0.9	0.17	0.74		0.68	0.7	0.93	-0.31	0.62	0.59	0.49	0.77
Cash And Short Term Investments	0.87	0.96	0.27	0.6	0.91	0.77	0.96	0.12	0.84	0.03	0.22	0.35	0.83	0.97	0.66	-0.27	0.62	0.68		0.5	0.72	-0.19	0.99	0.28	0.23	0.9
Net Receivables	0.77	0.62	0.87	0.69	0.75	0.76	0.56	0.14	0.71	0.32	0.78	0.92	0.81	0.54	0.8	0.46	0.41	0.7	0.5		0.79	-0.6	0.46	0.83	0.56	0.66
Good Will	0.96	0.83	0.8	0.91	0.94	0.97	0.74	-0.06	0.92	0.5	0.8	0.74	0.92	0.78	0.99	0.32	0.74	0.93	0.72	0.79		-0.47	0.67	0.77	0.56	0.83
Common Stock Total Equity	-0.42	-0.25	-0.59	-0.22	-0.39	-0.44	-0.19	-0.52	-0.41	-0.1	-0.48	-0.68	-0.45	-0.25	-0.48	-0.45	-0.23	-0.31	-0.19	-0.6	-0.47		-0.14	-0.55	-0.09	-0.24
Short Term Investments	0.84	0.95	0.19	0.55	0.88	0.7	0.97	0.17	0.78	-0.01	0.15	0.28	0.8	0.93	0.6	-0.31	0.58	0.62	0.99	0.46	0.67	-0.14		0.22	0.18	0.92
Non Current Liabilities Total	0.65	0.36	0.9	0.64	0.6	0.73	0.27	0.04	0.63	0.36	0.91	0.88	0.61	0.36	0.81	0.73	0.43	0.59	0.28	0.83	0.77	-0.55	0.22		0.66	0.46
Other Current Assets	0.5	0.32	0.65	0.66	0.47	0.59	0.28	-0.49	0.57	0.19	0.71	0.64	0.48	0.29	0.61	0.65	0.25	0.49	0.23	0.56	0.56	-0.09	0.18	0.66		0.38
Property Plant And Equipment Gross	0.93	0.96	0.43	0.75	0.95	0.8	0.95	0.16	0.82	0.23	0.41	0.46	0.91	0.84	0.78	-0.02	0.62	0.77	0.9	0.66	0.83	-0.24	0.92	0.46	0.38

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Wex Account Relationship Matchups

Wex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	8.2B	10.3B	11.5B	13.9B	14.6B
Total Current Liabilities	3.0B	2.7B	4.4B	6.3B	8.5B	8.9B
Total Stockholder Equity	1.9B	1.9B	1.8B	1.6B	1.8B	1.1B
Common Stock Shares Outstanding	43.8M	43.8M	45.3M	44.7M	43.3M	45.2M
Liabilities And Stockholders Equity	8.3B	8.2B	10.3B	11.5B	13.9B	14.6B
Total Liab	6.2B	6.1B	8.2B	9.9B	12.1B	12.7B
Short Long Term Debt Total	2.9B	3.0B	2.9B	2.7B	3.9B	4.1B
Other Current Liab	1.3B	969.8M	2.1B	4.7B	6.1B	6.4B
Other Liab	387.6M	368.7M	1.1B	815.1M	937.4M	838.1M
Property Plant And Equipment Net	212.5M	188.3M	179.5M	202.2M	304.7M	319.9M
Current Deferred Revenue	486.1M	840.1M	1.1B	13.4M	12.4M	11.8M
Net Debt	2.1B	2.2B	2.3B	1.8B	1.7B	1.1B
Retained Earnings	1.5B	1.3B	1.3B	1.5B	1.8B	923.0M
Accounts Payable	969.8M	778.2M	1.0B	1.4B	1.3B	1.4B
Cash	810.9M	852.0M	588.9M	922.0M	2.2B	2.3B
Non Current Assets Total	4.5B	4.7B	5.0B	4.7B	5.0B	5.2B
Non Currrent Assets Other	184.0M	197.2M	231.1M	246M	66.2M	62.9M
Other Assets	128.5M	1.8B	673.6M	951.1M	1.1B	1.1B
Long Term Debt	2.7B	2.9B	2.7B	2.5B	2.8B	3.0B
Cash And Short Term Investments	810.9M	852.0M	1.5B	2.3B	5.3B	5.5B
Net Receivables	2.7B	2.0B	2.9B	3.3B	3.6B	1.9B
Good Will	2.4B	2.7B	2.9B	2.7B	3.0B	3.2B
Common Stock Total Equity	475K	477K	485K	492K	442.8K	420.7K
Short Term Investments	2.4M	37.3M	948.7M	1.4B	3.0B	3.2B
Non Current Liabilities Total	3.2B	3.4B	3.8B	3.6B	3.5B	2.1B
Other Current Assets	87.7M	86.6M	77.6M	143.3M	90M	83.1M
Property Plant And Equipment Gross	212.5M	188.3M	637.6M	732.2M	787.1M	826.5M
Total Current Assets	3.8B	3.5B	5.3B	6.8B	8.9B	9.4B
Accumulated Other Comprehensive Income	(115.4M)	(82.9M)	(122.5M)	(306.3M)	(229.2M)	(217.7M)
Short Term Debt	248.5M	152.7M	155.8M	202.6M	1.1B	1.1B
Intangible Assets	1.6B	1.6B	1.6B	1.5B	1.5B	1.5B
Common Stock	475K	477K	485K	492K	495K	500K
Property Plant Equipment	212.5M	188.3M	179.5M	202.2M	232.6M	244.2M
Other Stockholder Equity	502.7M	700.4M	671.7M	464.8M	292.2M	244.8M
Inventory	123.4M	282.6M	570.9M	793.1M	1.1B	0.95
Net Tangible Assets	(1.9B)	(2.2B)	(2.7B)	(2.6B)	(2.3B)	(2.2B)
Noncontrolling Interest In Consolidated Entity	9.2M	10.2M	9.6M	13.0M	15.0M	15.7M
Retained Earnings Total Equity	1.5B	1.5B	1.3B	1.3B	1.5B	1.2B

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Wex Cost Of Revenue vs Operating Income Analysis

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Operating Income

Wex fundamental ratios Correlations

Wex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wex fundamental ratios Accounts

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Additional Tools for Wex Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Other Current Liab	+ 0.99	Total Current Liabilities
Good Will	+ 0.99	Non Current Assets Total
Short Term Investments	+ 0.99	Cash And Short Term Investments
Accounts Payable	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Total Liab

Common Stock Total Equity	- 0.68	Retained Earnings
Common Stock Total Equity	- 0.6	Net Receivables
Common Stock Total Equity	- 0.59	Total Stockholder Equity
Non Current Liabilities Total	- 0.55	Common Stock Total Equity
Common Stock Total Equity	- 0.52	Other Liab
Other Current Assets	- 0.49	Other Liab