| 000839 Stock | | | 3.59 0.01 0.28% |
CITIC Guoan financial indicator trend analysis is way more than just evaluating CITIC Guoan Information prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CITIC Guoan Information is a good investment. Please check the relationship between CITIC Guoan Cost Of Revenue and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CITIC Guoan Information. 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 Other Operating Expenses
Cost Of Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CITIC Guoan Information Cost Of Revenue account and
Other Operating Expenses. At this time, the significance of the direction appears to have no relationship.
The correlation between CITIC Guoan's Cost Of Revenue and Other Operating Expenses is 0.02. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of CITIC Guoan Information, assuming nothing else is changed. The correlation between historical values of CITIC Guoan's Cost Of Revenue and Other Operating Expenses 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 CITIC Guoan Information are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Cost Of Revenue i.e., CITIC Guoan's Cost Of Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.02 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on CITIC Guoan Information income statement and represents the costs associated with goods and services CITIC Guoan 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CITIC Guoan Information. It is also known as CITIC Guoan overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from CITIC Guoan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CITIC Guoan Information 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 CITIC Guoan Information. 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
Tax Provision is expected to grow to about 74.2
M, whereas
Selling General Administrative is forecasted to decline to about 65.8
M.
CITIC Guoan fundamental ratios Correlations
Click cells to compare fundamentals
CITIC Guoan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CITIC Guoan fundamental ratios Accounts
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Other Information on Investing in CITIC Stock
Balance Sheet is a snapshot of the
financial position of CITIC Guoan Information at a specified time, usually calculated after every quarter, six months, or one year. CITIC Guoan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CITIC Guoan 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 CITIC currently owns. An asset can also be divided into two categories, current and non-current.