600030 Stock | | | 31.66 0.32 1.02% |
CITIC Securities financial indicator trend analysis is way more than just evaluating CITIC Securities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CITIC Securities is a good investment. Please check the relationship between CITIC Securities Cost Of Revenue and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CITIC Securities 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.
Cost Of Revenue vs Net Income
Cost Of Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CITIC Securities Cost Of Revenue account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between CITIC Securities' Cost Of Revenue and Net Income is 0.61. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of CITIC Securities Co, assuming nothing else is changed. The correlation between historical values of CITIC Securities' Cost Of Revenue and Net Income 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 CITIC Securities Co are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., CITIC Securities' Cost Of Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on CITIC Securities income statement and represents the costs associated with goods and services CITIC Securities 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in CITIC Securities financial statement analysis. It represents the amount of money remaining after all of CITIC Securities Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from CITIC Securities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CITIC Securities 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 CITIC Securities 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.
As of December 13, 2024,
Selling General Administrative is expected to decline to about 6.7
B. In addition to that,
Tax Provision is expected to decline to about 5.5
BCITIC Securities fundamental ratios Correlations
Click cells to compare fundamentals
CITIC Securities Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CITIC Securities fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in CITIC Stock
Balance Sheet is a snapshot of the
financial position of CITIC Securities at a specified time, usually calculated after every quarter, six months, or one year. CITIC Securities Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CITIC Securities 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 CITIC currently owns. An asset can also be divided into two categories, current and non-current.