| 002969 Stock | | | 3.68 0.10 2.79% |
Jiamei Food financial indicator trend analysis is infinitely more than just investigating Jiamei Food Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiamei Food Packaging is a good investment. Please check the relationship between Jiamei Food Total Operating Expenses and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiamei Food Packaging. 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.
Total Operating Expenses vs Gross Profit
Total Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiamei Food Packaging Total Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Jiamei Food's Total Operating Expenses and Gross Profit is -0.09. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Jiamei Food Packaging, assuming nothing else is changed. The correlation between historical values of Jiamei Food's Total 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 Total Operating Expenses of Jiamei Food Packaging 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 Total Operating Expenses i.e., Jiamei Food's Total Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Jiamei Food Packaging minus its cost of goods sold. It is profit before Jiamei Food 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 Jiamei Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiamei Food Packaging 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 Jiamei Food Packaging. 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 69.4
M, whereas
Tax Provision is forecasted to decline to about 34.2
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 426.9M | 263.6M | 464.1M | 353.2M | Total Revenue | 3.5B | 3.0B | 3.2B | 3.1B |
Jiamei Food fundamental ratios Correlations
Click cells to compare fundamentals
Jiamei Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiamei Food fundamental ratios Accounts
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Other Information on Investing in Jiamei Stock
Balance Sheet is a snapshot of the
financial position of Jiamei Food Packaging at a specified time, usually calculated after every quarter, six months, or one year. Jiamei Food Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiamei Food 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 Jiamei currently owns. An asset can also be divided into two categories, current and non-current.