000678 Stock | | | 5.99 0.22 3.81% |
Xiangyang Automobile financial indicator trend analysis is more than just analyzing Xiangyang Automobile current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiangyang Automobile is a good investment. Please check the relationship between Xiangyang Automobile Cost Of Revenue and its Ebit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiangyang Automobile Bearing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Cost Of Revenue vs Ebit
Cost Of Revenue vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiangyang Automobile Cost Of Revenue account and
Ebit. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xiangyang Automobile's Cost Of Revenue and Ebit is 0.36. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Ebit in the same time period over historical financial statements of Xiangyang Automobile Bearing, assuming nothing else is changed. The correlation between historical values of Xiangyang Automobile's Cost Of Revenue and Ebit 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 Xiangyang Automobile Bearing are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Cost Of Revenue i.e., Xiangyang Automobile's Cost Of Revenue and Ebit go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on Xiangyang Automobile income statement and represents the costs associated with goods and services Xiangyang Automobile 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.
Ebit
Most indicators from Xiangyang Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiangyang Automobile 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiangyang Automobile Bearing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 59.1
M. The current year's
Tax Provision is expected to grow to about 7
M | 2021 | 2022 | 2023 | 2024 (projected) |
Cost Of Revenue | 1.2B | 1.1B | 1.2B | 768.2M | Total Revenue | 1.3B | 1.1B | 1.4B | 894.2M |
Xiangyang Automobile fundamental ratios Correlations
Click cells to compare fundamentals
Xiangyang Automobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiangyang Automobile fundamental ratios Accounts
Also Currently Popular
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.
Other Information on Investing in Xiangyang Stock
Balance Sheet is a snapshot of the
financial position of Xiangyang Automobile at a specified time, usually calculated after every quarter, six months, or one year. Xiangyang Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiangyang Automobile 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 Xiangyang currently owns. An asset can also be divided into two categories, current and non-current.