002748 Stock | | | 7.82 0.05 0.64% |
Jiangxi Selon financial indicator trend analysis is infinitely more than just investigating Jiangxi Selon Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangxi Selon Industrial is a good investment. Please check the relationship between Jiangxi Selon Selling General Administrative and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi Selon Industrial. 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.
Selling General Administrative vs Gross Profit
Selling General Administrative vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiangxi Selon Industrial Selling General Administrative account and
Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Jiangxi Selon's Selling General Administrative and Gross Profit is -0.64. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Jiangxi Selon Industrial, assuming nothing else is changed. The correlation between historical values of Jiangxi Selon's Selling General Administrative 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 Selling General Administrative of Jiangxi Selon Industrial 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 Selling General Administrative i.e., Jiangxi Selon's Selling General Administrative and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Selling General Administrative
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Jiangxi Selon Industrial minus its cost of goods sold. It is profit before Jiangxi Selon 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 Jiangxi Selon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Selon Industrial 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 Jiangxi Selon Industrial. 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 49.1
M. The current year's
Tax Provision is expected to grow to about 15.9
MJiangxi Selon fundamental ratios Correlations
Click cells to compare fundamentals
Jiangxi Selon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiangxi Selon fundamental ratios Accounts
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Other Information on Investing in Jiangxi Stock
Balance Sheet is a snapshot of the
financial position of Jiangxi Selon Industrial at a specified time, usually calculated after every quarter, six months, or one year. Jiangxi Selon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangxi Selon 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 Jiangxi currently owns. An asset can also be divided into two categories, current and non-current.