| 0G2Z Stock | | | 41.20 0.00 0.00% |
Solstad Offshore financial indicator trend analysis is much more than just breaking down Solstad Offshore ASA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solstad Offshore ASA is a good investment. Please check the relationship between Solstad Offshore Net Income and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Solstad Offshore ASA. 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.
Net Income vs Total Revenue
Net Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Solstad Offshore ASA Net Income account and
Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Solstad Offshore's Net Income and Total Revenue is 0.55. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Solstad Offshore ASA, assuming nothing else is changed. The correlation between historical values of Solstad Offshore's Net Income and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Solstad Offshore ASA are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income i.e., Solstad Offshore's Net Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Solstad Offshore ASA financial statement analysis. It represents the amount of money remaining after all of Solstad Offshore ASA operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Total Revenue
Total revenue comprises all receipts Solstad Offshore ASA generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Solstad Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solstad Offshore ASA 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 Solstad Offshore ASA. 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.
Tax Provision is likely to gain to about (3.8
M) in 2024.
Selling General Administrative is likely to drop to about 1.9
B in 2024
| 2019 | 2023 | 2024 (projected) |
Gross Profit | 5.2B | 6.0B | 4.5B | Total Revenue | 5.2B | 5.8B | 4.7B |
Solstad Offshore fundamental ratios Correlations
Click cells to compare fundamentals
Solstad Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solstad Offshore fundamental ratios Accounts
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