Qingdao Total Operating Expenses vs Other Operating Expenses Analysis

001219 Stock   14.55  0.49  3.49%   
Qingdao Foods financial indicator trend analysis is much more than just breaking down Qingdao Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingdao Foods is a good investment. Please check the relationship between Qingdao Foods Total Operating Expenses and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qingdao Foods Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Operating Expenses vs Other Operating Expenses

Total Operating Expenses vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Foods Total Operating Expenses account and Other Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Qingdao Foods' Total Operating Expenses and Other Operating Expenses is -0.83. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Qingdao Foods Co, assuming nothing else is changed. The correlation between historical values of Qingdao Foods' Total Operating Expenses 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 Total Operating Expenses of Qingdao Foods Co 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 Total Operating Expenses i.e., Qingdao Foods' Total Operating Expenses and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.83
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Qingdao Foods. It is also known as Qingdao Foods 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 Qingdao Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Foods 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 Qingdao Foods Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Tax Provision is expected to grow to about 29.5 M, whereas Selling General Administrative is forecasted to decline to about 12.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit138.5M157.9M149.5M121.0M
Total Revenue434.0M493.8M489.3M518.3M

Qingdao Foods fundamental ratios Correlations

-0.180.871.0-0.87-0.780.970.770.780.020.370.940.73-0.84-0.79-0.750.940.881.0-0.520.960.98-0.510.50.820.99
-0.18-0.16-0.180.520.03-0.22-0.51-0.040.590.19-0.31-0.580.170.110.04-0.39-0.16-0.190.15-0.13-0.220.67-0.12-0.34-0.27
0.87-0.160.86-0.76-0.510.920.840.52-0.220.030.880.66-0.71-0.86-0.720.81.00.88-0.570.960.79-0.40.660.80.83
1.0-0.180.86-0.87-0.790.970.760.790.030.390.930.73-0.85-0.77-0.750.940.861.0-0.510.950.99-0.510.480.820.99
-0.870.52-0.76-0.870.54-0.88-0.71-0.550.27-0.08-0.87-0.860.820.770.54-0.92-0.77-0.880.5-0.79-0.880.65-0.57-0.88-0.92
-0.780.03-0.51-0.790.54-0.68-0.52-1.0-0.55-0.84-0.74-0.290.760.530.71-0.76-0.53-0.750.54-0.65-0.770.25-0.32-0.29-0.76
0.97-0.220.920.97-0.88-0.680.770.69-0.10.210.950.79-0.88-0.82-0.810.90.930.97-0.530.960.94-0.430.660.850.95
0.77-0.510.840.76-0.71-0.520.770.52-0.290.150.760.71-0.51-0.56-0.530.750.830.78-0.350.850.75-0.590.370.680.74
0.78-0.040.520.79-0.55-1.00.690.520.540.840.740.3-0.76-0.52-0.710.760.530.75-0.530.650.78-0.250.320.30.77
0.020.59-0.220.030.27-0.55-0.1-0.290.540.82-0.09-0.53-0.170.08-0.1-0.06-0.2-0.03-0.09-0.10.020.49-0.07-0.49-0.02
0.370.190.030.39-0.08-0.840.210.150.840.820.26-0.13-0.36-0.05-0.330.350.040.33-0.190.210.410.01-0.12-0.170.35
0.94-0.310.880.93-0.87-0.740.950.760.74-0.090.260.69-0.88-0.87-0.850.950.890.93-0.720.90.88-0.530.640.770.94
0.73-0.580.660.73-0.86-0.290.790.710.3-0.53-0.130.69-0.6-0.45-0.470.70.660.76-0.10.720.77-0.590.40.890.75
-0.840.17-0.71-0.850.820.76-0.88-0.51-0.76-0.17-0.36-0.88-0.60.790.79-0.83-0.72-0.830.63-0.75-0.820.22-0.78-0.61-0.85
-0.790.11-0.86-0.770.770.53-0.82-0.56-0.520.08-0.05-0.87-0.450.790.66-0.82-0.86-0.780.85-0.78-0.680.39-0.74-0.7-0.8
-0.750.04-0.72-0.750.540.71-0.81-0.53-0.71-0.1-0.33-0.85-0.470.790.66-0.69-0.73-0.740.62-0.75-0.670.13-0.66-0.46-0.7
0.94-0.390.80.94-0.92-0.760.90.750.76-0.060.350.950.7-0.83-0.82-0.690.80.93-0.680.850.92-0.690.480.780.98
0.88-0.161.00.86-0.77-0.530.930.830.53-0.20.040.890.66-0.72-0.86-0.730.80.88-0.580.960.8-0.380.670.80.83
1.0-0.190.881.0-0.88-0.750.970.780.75-0.030.330.930.76-0.83-0.78-0.740.930.88-0.490.960.98-0.520.490.850.98
-0.520.15-0.57-0.510.50.54-0.53-0.35-0.53-0.09-0.19-0.72-0.10.630.850.62-0.68-0.58-0.49-0.46-0.40.33-0.61-0.31-0.55
0.96-0.130.960.95-0.79-0.650.960.850.65-0.10.210.90.72-0.75-0.78-0.750.850.960.96-0.460.91-0.420.550.820.91
0.98-0.220.790.99-0.88-0.770.940.750.780.020.410.880.77-0.82-0.68-0.670.920.80.98-0.40.91-0.540.40.820.98
-0.510.67-0.4-0.510.650.25-0.43-0.59-0.250.490.01-0.53-0.590.220.390.13-0.69-0.38-0.520.33-0.42-0.540.11-0.65-0.6
0.5-0.120.660.48-0.57-0.320.660.370.32-0.07-0.120.640.4-0.78-0.74-0.660.480.670.49-0.610.550.40.110.420.47
0.82-0.340.80.82-0.88-0.290.850.680.3-0.49-0.170.770.89-0.61-0.7-0.460.780.80.85-0.310.820.82-0.650.420.84
0.99-0.270.830.99-0.92-0.760.950.740.77-0.020.350.940.75-0.85-0.8-0.70.980.830.98-0.550.910.98-0.60.470.84
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Qingdao Foods Account Relationship Matchups

Qingdao Foods fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets496.3M546.2M934.2M1.0B1.1B775.0M
Other Current Liab39.7M47.2M35.0M59.7M1.3M1.2M
Total Current Liabilities76.5M79.2M75.3M94.1M98.9M88.8M
Total Stockholder Equity419.8M465.7M857.7M923.1M974.6M685.5M
Property Plant And Equipment Net50.0M44.3M39.9M36.1M29.2M33.3M
Net Debt(59.8M)(133.9M)(460.2M)(182.6M)(164.3M)(172.5M)
Retained Earnings283.2M329.0M358.5M415.8M460.0M366.8M
Accounts Payable36.7M32.0M40.4M34.3M52.5M41.9M
Cash59.8M133.9M460.2M182.6M170.3M168.1M
Non Current Assets Total78.1M104.8M126.9M93.8M62.0M73.6M
Non Currrent Assets Other10.6M40.1M302.9M39.3M2.9M2.8M
Cash And Short Term Investments358.8M384.6M753.5M845.5M972.3M1.0B
Common Stock Shares Outstanding86.4M86.4M91.9M115.7M195.0M114.8M
Liabilities And Stockholders Equity496.3M546.2M934.2M1.0B1.2B707.2M
Non Current Liabilities Total36.7M1.3M1.2M999.3K939.3K892.3K
Inventory29.3M26.5M27.3M22.0M26.1M21.6M
Other Current Assets718.0K4.3M1.8M30.0M30.3M28.8M
Total Liab76.5M80.5M76.5M95.1M99.8M89.5M
Total Current Assets418.2M441.4M807.3M924.4M1.0B673.8M
Intangible Assets14.6M14.2M13.9M13.6M15.4M11.7M

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Other Information on Investing in Qingdao Stock

Balance Sheet is a snapshot of the financial position of Qingdao Foods at a specified time, usually calculated after every quarter, six months, or one year. Qingdao Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qingdao Foods 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 Qingdao currently owns. An asset can also be divided into two categories, current and non-current.