300491 Stock | | | 17.17 0.97 5.35% |
Shijiazhuang Tonhe financial indicator trend analysis is much more than just breaking down Shijiazhuang Tonhe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shijiazhuang Tonhe is a good investment. Please check the relationship between Shijiazhuang Tonhe Cost Of Revenue and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shijiazhuang Tonhe Electronics. 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.
Cost Of Revenue vs Gross Profit
Cost Of Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shijiazhuang Tonhe Cost Of Revenue account and
Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shijiazhuang Tonhe's Cost Of Revenue and Gross Profit is 0.97. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Shijiazhuang Tonhe Electronics, assuming nothing else is changed. The correlation between historical values of Shijiazhuang Tonhe's Cost Of Revenue 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 Cost Of Revenue of Shijiazhuang Tonhe Electronics 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 Cost Of Revenue i.e., Shijiazhuang Tonhe's Cost Of Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Shijiazhuang Tonhe income statement and represents the costs associated with goods and services Shijiazhuang Tonhe provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shijiazhuang Tonhe Electronics minus its cost of goods sold. It is profit before Shijiazhuang Tonhe 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 Shijiazhuang Tonhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shijiazhuang Tonhe 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 Shijiazhuang Tonhe Electronics. 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 120.2
M. The current year's
Tax Provision is expected to grow to about 4.9
MShijiazhuang Tonhe fundamental ratios Correlations
Click cells to compare fundamentals
Shijiazhuang Tonhe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shijiazhuang Tonhe fundamental ratios Accounts
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Other Information on Investing in Shijiazhuang Stock
Balance Sheet is a snapshot of the
financial position of Shijiazhuang Tonhe at a specified time, usually calculated after every quarter, six months, or one year. Shijiazhuang Tonhe Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shijiazhuang Tonhe 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 Shijiazhuang currently owns. An asset can also be divided into two categories, current and non-current.