300599 Stock | | | 7.39 0.14 1.93% |
Guangdong Xiongsu financial indicator trend analysis is much more than just examining Guangdong Xiongsu latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Xiongsu is a good investment. Please check the relationship between Guangdong Xiongsu Gross Profit and its Ebitda accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Xiongsu Technology. 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.
Gross Profit vs Ebitda
Gross Profit vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Xiongsu Gross Profit account and
Ebitda. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangdong Xiongsu's Gross Profit and Ebitda is 0.84. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Ebitda in the same time period over historical financial statements of Guangdong Xiongsu Technology, assuming nothing else is changed. The correlation between historical values of Guangdong Xiongsu's Gross Profit and Ebitda 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 Guangdong Xiongsu Technology are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Gross Profit i.e., Guangdong Xiongsu's Gross Profit and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Guangdong Xiongsu Technology minus its cost of goods sold. It is profit before Guangdong Xiongsu 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.
Ebitda
Most indicators from Guangdong Xiongsu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Xiongsu 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 Guangdong Xiongsu Technology. 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 109.7
M, whereas
Tax Provision is forecasted to decline to about 9.1
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 374.7M | 248.2M | 211.7M | 288.9M | Total Revenue | 2.4B | 1.8B | 1.3B | 2.0B |
Guangdong Xiongsu fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Xiongsu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Xiongsu fundamental ratios Accounts
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Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Xiongsu at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Xiongsu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Xiongsu 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.