| 0RD7 Stock | | | 67.22 0.08 0.12% |
Scandic Hotels financial indicator trend analysis is much more than just breaking down Scandic Hotels Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scandic Hotels Group is a good investment. Please check the relationship between Scandic Hotels Gross Profit and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Scandic Hotels 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.
Gross Profit vs Other Operating Expenses
Gross Profit vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scandic Hotels Group Gross Profit account and
Other Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Scandic Hotels' Gross Profit and Other Operating Expenses is 0.53. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Scandic Hotels Group, assuming nothing else is changed. The correlation between historical values of Scandic Hotels' Gross Profit 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 Gross Profit of Scandic Hotels Group 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 Gross Profit i.e., Scandic Hotels' Gross Profit and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.53 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Scandic Hotels Group minus its cost of goods sold. It is profit before Scandic Hotels 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Scandic Hotels Group. It is also known as Scandic Hotels 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 Scandic Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scandic Hotels Group 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 Scandic Hotels 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.
Selling General Administrative is likely to gain to about 6
B in 2024, despite the fact that
Tax Provision is likely to grow to (111.2
M).
| 2019 | 2020 | 2023 | 2024 (projected) |
Gross Profit | 13.0B | 5.1B | 4.6B | 7.9B | Total Revenue | 18.9B | 7.5B | 6.7B | 11.5B |
Scandic Hotels fundamental ratios Correlations
Click cells to compare fundamentals
Scandic Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scandic Hotels fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Scandic Stock Analysis
When running Scandic Hotels' price analysis, check to
measure Scandic Hotels' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Scandic Hotels is operating at the current time. Most of Scandic Hotels' value examination focuses on studying past and present price action to
predict the probability of Scandic Hotels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandic Hotels' price. Additionally, you may evaluate how the addition of Scandic Hotels to your portfolios can decrease your overall portfolio volatility.