| 300666 Stock | | | 76.20 0.56 0.73% |
Konfoong Materials financial indicator trend analysis is infinitely more than just investigating Konfoong Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Konfoong Materials is a good investment. Please check the relationship between Konfoong Materials Net Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Konfoong Materials International. 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.
Net Income vs Other Operating Expenses
Net Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Konfoong Materials Net Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Konfoong Materials' Net Income and Other Operating Expenses is 0.8. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Konfoong Materials International, assuming nothing else is changed. The correlation between historical values of Konfoong Materials' Net Income 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 Net Income of Konfoong Materials International 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 Net Income i.e., Konfoong Materials' Net Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Konfoong Materials financial statement analysis. It represents the amount of money remaining after all of Konfoong Materials International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Konfoong Materials. It is also known as Konfoong Materials 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 Konfoong Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Konfoong Materials 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 Konfoong Materials International. 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
Tax Provision is expected to grow to about 72.5
M, whereas
Selling General Administrative is forecasted to decline to about 83.2
M.
Konfoong Materials fundamental ratios Correlations
Click cells to compare fundamentals
Konfoong Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Konfoong Materials fundamental ratios Accounts
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Other Information on Investing in Konfoong Stock
Balance Sheet is a snapshot of the
financial position of Konfoong Materials at a specified time, usually calculated after every quarter, six months, or one year. Konfoong Materials Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Konfoong Materials 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 Konfoong currently owns. An asset can also be divided into two categories, current and non-current.