300296 Stock | | | 5.39 0.04 0.75% |
Leyard Optoelectronic financial indicator trend analysis is infinitely more than just investigating Leyard Optoelectronic recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leyard Optoelectronic is a good investment. Please check the relationship between Leyard Optoelectronic Operating Income and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Leyard Optoelectronic. 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.
Operating Income vs Total Revenue
Operating Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Leyard Optoelectronic Operating Income account and
Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Leyard Optoelectronic's Operating Income and Total Revenue is 0.86. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Leyard Optoelectronic, assuming nothing else is changed. The correlation between historical values of Leyard Optoelectronic's Operating 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 Operating Income of Leyard Optoelectronic 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 Operating Income i.e., Leyard Optoelectronic's Operating Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Leyard Optoelectronic operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Leyard Optoelectronic is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Total Revenue
Total revenue comprises all receipts Leyard Optoelectronic 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 Leyard Optoelectronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leyard Optoelectronic 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 Leyard Optoelectronic. 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 171
M. The current year's
Tax Provision is expected to grow to about 79.4
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.7B | 2.5B | 2.2B | 1.5B | Total Revenue | 8.9B | 8.2B | 7.6B | 4.4B |
Leyard Optoelectronic fundamental ratios Correlations
Click cells to compare fundamentals
Leyard Optoelectronic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Leyard Optoelectronic fundamental ratios Accounts
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Other Information on Investing in Leyard Stock
Balance Sheet is a snapshot of the
financial position of Leyard Optoelectronic at a specified time, usually calculated after every quarter, six months, or one year. Leyard Optoelectronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Leyard Optoelectronic 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 Leyard currently owns. An asset can also be divided into two categories, current and non-current.