GreenSky Gross Profit vs Cost of Revenue Analysis

GSKY -  USA Stock  

USD 10.20  0.00  0.00%

GreenSky financial indicator trend analysis is much more than just examining GreenSky latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenSky is a good investment. Please check the relationship between GreenSky Gross Profit and its Cost of Revenue accounts. Please check Risk vs Return Analysis.

Gross Profit vs Cost of Revenue

Gross Profit vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenSky Gross Profit account and Cost of Revenue. At this time, the significance of the direction appears to have a fragmental relationship.
The correlation between GreenSky's Gross Profit and Cost of Revenue is 0.52. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of GreenSky, assuming nothing else is changed. The correlation between historical values of GreenSky's Gross Profit 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 Gross Profit of GreenSky 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 Gross Profit i.e., GreenSky's Gross Profit and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of GreenSky minus its cost of goods sold. It is profit before GreenSky operating expenses, interest payments and taxes. Gross profit is also known as gross margin. Aggregate revenue Revenues less cost of revenue [CoR] directly attributable to the revenue generation activity.

Cost of Revenue

Cost of Revenue is found on GreenSky income statement and represents the costs associated with goods and services GreenSky 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. The aggregate cost of goods produced and sold and services rendered during the reporting period.
Most indicators from GreenSky fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenSky 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. Please check Risk vs Return Analysis.GreenSky Issuance Purchase of Equity Shares is fairly stable at the moment as compared to the past year. GreenSky reported Issuance Purchase of Equity Shares of 917,000 in 2021. Enterprise Value over EBIT is likely to rise to 29.94 in 2022, whereas Selling General and Administrative Expense is likely to drop slightly above 134.4 M in 2022.
 2018 2019 2021 2022 (projected)
Cost of Revenue161.39 M309.28 M198.9 M197.72 M
Consolidated Income127.98 M28.66 M117.81 M105.76 M

GreenSky fundamental ratios Correlations

GreenSky Account Relationship Matchups

GreenSky fundamental ratios Accounts

201720182019202020212022 (projected)
Total Assets302.2 M462.89 M802.9 M1.52 B1.19 B1.13 B
Cash and Equivalents228.11 M353.84 M458.5 M467.65 M552.44 M532.6 M
Cash and Equivalents USD228.11 M353.84 M458.5 M467.65 M552.44 M532.6 M
Shareholders Equity(123.51 M)(456.39 M)25.58 M(5.99 M)49.06 M52.93 M
Shareholders Equity USD(123.51 M)(456.39 M)25.58 M(5.99 M)49.06 M52.93 M
Investments41.27 M73.61 M2.88 M571.41 M5.32 M5.46 M
Total Liabilities90 M488.93 M837.67 M1.7 B1.22 B1.16 B
Trade and Non Trade Payables2.68 M6.84 M5.36 M15.42 M11.75 M11.39 M
Property Plant and Equipment Net7.02 M7.85 M10.23 M21.45 M23.39 M20.82 M
Trade and Non Trade Receivables18.2 M18.58 M15.54 M21.96 M19.11 M20.95 M
Accumulated Retained Earnings Deficit160.02 M98.52 M24.22 M33.75 M75.82 M71.37 M

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Please check Risk vs Return Analysis. Note that the GreenSky information on this page should be used as a complementary analysis to other GreenSky'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for GreenSky Stock

When running GreenSky price analysis, check to measure GreenSky'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 GreenSky is operating at the current time. Most of GreenSky's value examination focuses on studying past and present price action to predict the probability of GreenSky's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GreenSky's price. Additionally, you may evaluate how the addition of GreenSky to your portfolios can decrease your overall portfolio volatility.
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