| 600006 Stock | | | 7.30 0.05 0.69% |
Dongfeng Automobile financial indicator trend analysis is much more than just examining Dongfeng Automobile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dongfeng Automobile is a good investment. Please check the relationship between Dongfeng Automobile Income Before Tax and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Dongfeng Automobile 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 board of governors.
Income Before Tax vs Other Operating Expenses
Income Before Tax vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dongfeng Automobile Income Before Tax account and
Other Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Dongfeng Automobile's Income Before Tax and Other Operating Expenses is -0.19. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Dongfeng Automobile Co, assuming nothing else is changed. The correlation between historical values of Dongfeng Automobile's Income Before Tax 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 Income Before Tax of Dongfeng Automobile Co 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 Income Before Tax i.e., Dongfeng Automobile's Income Before Tax and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Dongfeng Automobile income statement and is an important metric when analyzing Dongfeng Automobile profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Dongfeng Automobile. It is also known as Dongfeng Automobile 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 Dongfeng Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongfeng Automobile 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 Dongfeng Automobile 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 board of governors.
The current year's
Tax Provision is expected to grow to about 2.8
M, whereas
Selling General Administrative is forecasted to decline to about 490
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Other Operating Expenses | 117.7M | 135.8M | 122.2M | 132.0M | Gross Profit | 1.6B | 1.1B | 514.4M | 488.7M |
Dongfeng Automobile fundamental ratios Correlations
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Dongfeng Automobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dongfeng Automobile fundamental ratios Accounts
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Other Information on Investing in Dongfeng Stock
Balance Sheet is a snapshot of the
financial position of Dongfeng Automobile at a specified time, usually calculated after every quarter, six months, or one year. Dongfeng Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dongfeng Automobile 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 Dongfeng currently owns. An asset can also be divided into two categories, current and non-current.