600755 Stock | | | 6.63 0.05 0.75% |
Xiamen ITG financial indicator trend analysis is more than just analyzing Xiamen ITG Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen ITG Group is a good investment. Please check the relationship between Xiamen ITG Operating Income and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen ITG Group. 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.
Operating Income vs Cost Of Revenue
Operating Income vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen ITG Group Operating Income account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiamen ITG's Operating Income and Cost Of Revenue is 0.93. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Xiamen ITG Group, assuming nothing else is changed. The correlation between historical values of Xiamen ITG's Operating Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Xiamen ITG Group are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Operating Income i.e., Xiamen ITG's Operating Income and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Xiamen ITG Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Xiamen ITG Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Cost Of Revenue
Cost of Revenue is found on Xiamen ITG Group income statement and represents the costs associated with goods and services Xiamen ITG 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.
Most indicators from Xiamen ITG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen ITG Group 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 Xiamen ITG Group. 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 922.2
M, whereas
Selling General Administrative is forecasted to decline to about 1.2
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 5.5B | 6.8B | 3.9B | 4.1B | Total Revenue | 464.8B | 521.9B | 468.2B | 491.7B |
Xiamen ITG fundamental ratios Correlations
Click cells to compare fundamentals
Xiamen ITG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiamen ITG fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xiamen Stock
Balance Sheet is a snapshot of the
financial position of Xiamen ITG Group at a specified time, usually calculated after every quarter, six months, or one year. Xiamen ITG Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen ITG 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.