| 002516 Stock | | | 5.29 0.07 1.34% |
Kuangda Technology financial indicator trend analysis is infinitely more than just investigating Kuangda Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kuangda Technology is a good investment. Please check the relationship between Kuangda Technology Other Operating Expenses and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Kuangda Technology Group. 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.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kuangda Technology Other Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Kuangda Technology's Other Operating Expenses and Gross Profit is 0.8. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Kuangda Technology Group, assuming nothing else is changed. The correlation between historical values of Kuangda Technology's Other Operating Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Kuangda Technology Group are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., Kuangda Technology's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Kuangda Technology. It is also known as Kuangda Technology 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Kuangda Technology Group minus its cost of goods sold. It is profit before Kuangda Technology operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Kuangda Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kuangda Technology 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 Kuangda Technology Group. 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.
At present, Kuangda Technology's
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 43
M, whereas
Discontinued Operations is projected to grow to
(506.16).
Kuangda Technology fundamental ratios Correlations
Click cells to compare fundamentals
Kuangda Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kuangda Technology fundamental ratios Accounts
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Other Information on Investing in Kuangda Stock
Balance Sheet is a snapshot of the
financial position of Kuangda Technology at a specified time, usually calculated after every quarter, six months, or one year. Kuangda Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kuangda Technology 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 Kuangda currently owns. An asset can also be divided into two categories, current and non-current.