HITECHGEAR Net Income vs Cost Of Revenue Analysis

HITECHGEAR

843.05 26.75 3.08%

Hi Tech financial indicator trend analysis is much more than just examining Hi Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hi Tech is a good investment. Please check the relationship between Hi Tech Net Income and its Cost Of Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hi Tech Gears. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

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

The correlation between Hi Tech's Net Income and Cost Of Revenue is 0.19. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of The Hi Tech Gears, assuming nothing else is changed. The correlation between historical values of Hi Tech's Net Income 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 Net Income of The Hi Tech Gears 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 Net Income i.e., Hi Tech's Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Hi Tech financial statement analysis. It represents the amount of money remaining after all of The Hi Tech Gears operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Hi Tech income statement and represents the costs associated with goods and services Hi Tech 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 Hi Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hi Tech 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hi Tech Gears. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

The current Selling General Administrative is estimated to decrease to about 95.1 M. The current Tax Provision is estimated to decrease to about 164.9 M

	2022	2023	2024	2025 (projected)
Interest Expense	331M	377.7M	213.7M	168.2M
Depreciation And Amortization	821.5M	611.7M	634.7M	351.5M

Interest Expense Depreciation And Amortization

Hi Tech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Good Will	Current Deferred Revenue
Total Assets		0.94	0.18	0.93	0.69	0.99	0.94	0.95	0.73	0.99	0.75	0.94	0.9	-0.03	0.84	0.85	0.94	0.49	-0.55	0.95	0.99	0.85	0.82	0.41	0.89	-0.45
Short Long Term Debt Total	0.94		0.18	0.9	0.48	0.92	1.0	0.91	0.83	0.95	0.76	0.95	0.8	-0.03	0.73	0.96	0.81	0.41	-0.59	1.0	0.9	0.81	0.91	0.24	0.93	-0.42
Other Current Liab	0.18	0.18		0.24	0.0	0.23	0.16	0.13	0.28	0.22	0.25	0.18	0.1	-0.01	-0.02	0.24	-0.02	0.73	0.09	0.26	0.13	0.05	-0.01	0.57	0.17	0.05
Total Current Liabilities	0.93	0.9	0.24		0.6	0.92	0.9	0.93	0.71	0.9	0.83	0.9	0.91	-0.03	0.8	0.75	0.87	0.45	-0.47	0.92	0.95	0.95	0.71	0.39	0.76	-0.37
Total Stockholder Equity	0.69	0.48	0.0	0.6		0.7	0.5	0.65	0.25	0.66	0.42	0.53	0.7	0.49	0.77	0.37	0.78	0.31	-0.4	0.49	0.73	0.62	0.41	0.44	0.57	-0.39
Property Plant And Equipment Net	0.99	0.92	0.23	0.92	0.7		0.92	0.95	0.73	0.99	0.75	0.93	0.87	-0.02	0.84	0.85	0.93	0.54	-0.53	0.94	0.97	0.82	0.79	0.45	0.89	-0.46
Net Debt	0.94	1.0	0.16	0.9	0.5	0.92		0.92	0.79	0.95	0.77	0.93	0.83	-0.03	0.76	0.95	0.83	0.4	-0.6	0.99	0.91	0.83	0.91	0.23	0.91	-0.42
Accounts Payable	0.95	0.91	0.13	0.93	0.65	0.95	0.92		0.68	0.94	0.83	0.89	0.85	0.0	0.85	0.81	0.92	0.42	-0.51	0.92	0.94	0.86	0.74	0.28	0.83	-0.4
Cash	0.73	0.83	0.28	0.71	0.25	0.73	0.79	0.68		0.78	0.55	0.9	0.5	-0.04	0.39	0.86	0.52	0.4	-0.42	0.85	0.64	0.54	0.78	0.3	0.85	-0.32
Non Current Assets Total	0.99	0.95	0.22	0.9	0.66	0.99	0.95	0.94	0.78		0.72	0.95	0.85	-0.03	0.81	0.9	0.9	0.52	-0.56	0.96	0.96	0.79	0.85	0.42	0.93	-0.46
Non Currrent Assets Other	0.75	0.76	0.25	0.83	0.42	0.75	0.77	0.83	0.55	0.72		0.7	0.76	-0.04	0.59	0.63	0.7	0.33	-0.3	0.76	0.76	0.81	0.5	0.26	0.59	-0.18
Cash And Short Term Investments	0.94	0.95	0.18	0.9	0.53	0.93	0.93	0.89	0.9	0.95	0.7		0.76	-0.04	0.73	0.9	0.82	0.45	-0.55	0.96	0.89	0.79	0.87	0.31	0.91	-0.45
Net Receivables	0.9	0.8	0.1	0.91	0.7	0.87	0.83	0.85	0.5	0.85	0.76	0.76		-0.02	0.79	0.64	0.9	0.35	-0.37	0.8	0.95	0.93	0.64	0.43	0.68	-0.31
Common Stock Shares Outstanding	-0.03	-0.03	-0.01	-0.03	0.49	-0.02	-0.03	0.0	-0.04	-0.03	-0.04	-0.04	-0.02		0.14	-0.02	-0.01	-0.04	-0.17	-0.02	-0.03	0.05	0.02	-0.01	0.15	-0.1
Short Term Investments	0.84	0.73	-0.02	0.8	0.77	0.84	0.76	0.85	0.39	0.81	0.59	0.73	0.79	0.14		0.61	0.89	0.37	-0.53	0.73	0.87	0.8	0.66	0.2	0.68	-0.58
Non Current Liabilities Total	0.85	0.96	0.24	0.75	0.37	0.85	0.95	0.81	0.86	0.9	0.63	0.9	0.64	-0.02	0.61		0.68	0.43	-0.59	0.95	0.77	0.62	0.93	0.2	0.95	-0.4
Inventory	0.94	0.81	-0.02	0.87	0.78	0.93	0.83	0.92	0.52	0.9	0.7	0.82	0.9	-0.01	0.89	0.68		0.37	-0.54	0.81	0.96	0.85	0.71	0.29	0.75	-0.47
Other Current Assets	0.49	0.41	0.73	0.45	0.31	0.54	0.4	0.42	0.4	0.52	0.33	0.45	0.35	-0.04	0.37	0.43	0.37		-0.22	0.47	0.43	0.3	0.25	0.5	0.41	-0.11
Other Stockholder Equity	-0.55	-0.59	0.09	-0.47	-0.4	-0.53	-0.6	-0.51	-0.42	-0.56	-0.3	-0.55	-0.37	-0.17	-0.53	-0.59	-0.54	-0.22		-0.57	-0.53	-0.43	-0.72	0.18	-0.64	0.21
Total Liab	0.95	1.0	0.26	0.92	0.49	0.94	0.99	0.92	0.85	0.96	0.76	0.96	0.8	-0.02	0.73	0.95	0.81	0.47	-0.57		0.9	0.81	0.89	0.3	0.93	-0.41
Total Current Assets	0.99	0.9	0.13	0.95	0.73	0.97	0.91	0.94	0.64	0.96	0.76	0.89	0.95	-0.03	0.87	0.77	0.96	0.43	-0.53	0.9		0.91	0.76	0.4	0.82	-0.43
Short Term Debt	0.85	0.81	0.05	0.95	0.62	0.82	0.83	0.86	0.54	0.79	0.81	0.79	0.93	0.05	0.8	0.62	0.85	0.3	-0.43	0.81	0.91		0.62	0.28	0.63	-0.36
Intangible Assets	0.82	0.91	-0.01	0.71	0.41	0.79	0.91	0.74	0.78	0.85	0.5	0.87	0.64	0.02	0.66	0.93	0.71	0.25	-0.72	0.89	0.76	0.62		0.04	0.93	-0.43
Common Stock	0.41	0.24	0.57	0.39	0.44	0.45	0.23	0.28	0.3	0.42	0.26	0.31	0.43	-0.01	0.2	0.2	0.29	0.5	0.18	0.3	0.4	0.28	0.04		0.31	-0.28
Good Will	0.89	0.93	0.17	0.76	0.57	0.89	0.91	0.83	0.85	0.93	0.59	0.91	0.68	0.15	0.68	0.95	0.75	0.41	-0.64	0.93	0.82	0.63	0.93	0.31		-0.46
Current Deferred Revenue	-0.45	-0.42	0.05	-0.37	-0.39	-0.46	-0.42	-0.4	-0.32	-0.46	-0.18	-0.45	-0.31	-0.1	-0.58	-0.4	-0.47	-0.11	0.21	-0.41	-0.43	-0.36	-0.43	-0.28	-0.46

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Hi Tech Account Relationship Matchups

Hi Tech fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.2B	10.0B	9.9B	9.1B	8.0B	5.8B
Short Long Term Debt Total	4.3B	4.7B	4.6B	3.0B	2.0B	2.2B
Other Current Liab	526.7M	493.2M	523M	288.8M	253.8M	419.9M
Total Current Liabilities	2.6B	3.4B	3.8B	2.9B	1.9B	1.8B
Total Stockholder Equity	3.2B	3.3B	3.5B	4.7B	4.8B	5.1B
Property Plant And Equipment Net	4.2B	4.5B	4.3B	3.9B	3.7B	2.9B
Net Debt	3.8B	4.1B	4.2B	2.8B	1.9B	2.0B
Accounts Payable	1.1B	1.4B	1.2B	1.1B	839.8M	714.1M
Cash	512.1M	609.1M	334.5M	139.8M	114.3M	224.5M
Non Current Assets Total	5.7B	5.9B	5.4B	4.9B	4.6B	3.5B
Non Currrent Assets Other	205.3M	393.7M	366.6M	83.9M	111.9M	96.8M
Cash And Short Term Investments	672.4M	862.8M	697.3M	530.3M	406.4M	336.4M
Net Receivables	1.5B	1.7B	2.2B	2.0B	1.5B	1.1B
Short Term Investments	160.3M	253.7M	362.8M	390.4M	229.1M	205.6M
Liabilities And Stockholders Equity	9.2B	10.0B	9.9B	9.1B	8.0B	5.8B
Non Current Liabilities Total	3.4B	3.3B	2.5B	1.5B	1.4B	1.7B
Inventory	911.2M	1.2B	1.2B	1.2B	1.3B	658.3M
Other Current Assets	456.9M	379.2M	366.7M	357.8M	252.7M	272.9M
Total Liab	6.0B	6.7B	6.3B	4.4B	3.2B	3.5B
Total Current Assets	3.5B	4.1B	4.5B	4.2B	3.4B	2.4B
Accumulated Other Comprehensive Income	512.9M	652.1M	368.2M	690.6M	568.2M	596.6M
Short Term Debt	957.3M	1.5B	2.2B	1.5B	751.3M	870.2M
Intangible Assets	610.1M	580.9M	526.3M	478.6M	413.5M	385.9M
Good Will	534.5M	557.3M	314.5M	320.0M	304.2M	389.5M
Current Deferred Revenue	526.7M	1.0	(64.8M)	22.5M	20.2M	19.2M
Retained Earnings	2.5B	2.5B	2.7B	3.8B	4.1B	2.4B
Other Liab	163.7M	176.8M	91.9M	83.3M	95.8M	117.2M
Net Tangible Assets	1.6B	1.7B	2.1B	2.2B	2.5B	1.9B
Other Assets	205.3M	140.0M	131.4M	87.4M	100.5M	139.6M
Long Term Debt	3.3B	3.0B	2.2B	530.3M	216.9M	206.1M
Short Long Term Debt	406.8M	1.4B	2.1B	1.4B	593.7M	910.6M
Property Plant Equipment	4.2B	4.5B	4.2B	3.9B	4.4B	3.6B
Long Term Debt Total	3.3B	3.2B	2.4B	1.4B	1.7B	2.7B
Capital Lease Obligations	289.6M	265.9M	240.4M	1.0B	1.2B	1.3B
Net Invested Capital	6.9B	7.7B	7.9B	6.6B	5.6B	7.4B
Non Current Liabilities Other	15.1M	12.6M	10.1M	8.8M	8.1M	13.2M

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Other Information on Investing in HITECHGEAR Stock

Balance Sheet is a snapshot of the financial position of Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. Hi Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Tech and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which HITECHGEAR currently owns. An asset can also be divided into two categories, current and non-current.

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HITECHGEAR Net Income vs Cost Of Revenue Analysis

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Net Income

Cost Of Revenue

Hi Tech fundamental ratios Correlations

Hi Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hi Tech fundamental ratios Accounts

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Other Information on Investing in HITECHGEAR Stock

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Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Intangible Assets	- 0.72	Other Stockholder Equity
Good Will	- 0.64	Other Stockholder Equity
Other Stockholder Equity	- 0.6	Net Debt
Other Stockholder Equity	- 0.59	Non Current Liabilities Total
Other Stockholder Equity	- 0.59	Short Long Term Debt Total
Current Deferred Revenue	- 0.58	Short Term Investments