300888 Stock | | | 35.20 0.10 0.28% |
Winner Medical Co financial indicator trend analysis is more than just analyzing Winner Medical Co current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Winner Medical Co is a good investment. Please check the relationship between Winner Medical Co Gross Profit and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Winner Medical Co. 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 Selling General Administrative
Gross Profit vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Winner Medical Co Gross Profit account and
Selling General Administrative. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Winner Medical Co's Gross Profit and Selling General Administrative is 0.83. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Winner Medical Co, assuming nothing else is changed. The correlation between historical values of Winner Medical Co's Gross Profit and Selling General Administrative 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 Winner Medical Co are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Gross Profit i.e., Winner Medical Co's Gross Profit and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Winner Medical Co minus its cost of goods sold. It is profit before Winner Medical Co 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.
Selling General Administrative
Most indicators from Winner Medical Co's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Winner Medical Co 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 Winner Medical Co. 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 222.6
M, whereas Selling General Administrative is forecasted to decline to about 1.6
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 4.0B | 5.4B | 4.0B | 3.9B | Total Revenue | 8.0B | 11.4B | 8.2B | 7.5B |
Winner Medical Co fundamental ratios Correlations
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Winner Medical Co Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Winner Medical Co fundamental ratios Accounts
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Other Information on Investing in Winner Stock
Balance Sheet is a snapshot of the
financial position of Winner Medical Co at a specified time, usually calculated after every quarter, six months, or one year. Winner Medical Co Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Winner Medical Co 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 Winner currently owns. An asset can also be divided into two categories, current and non-current.