| 600982 Stock | | | 4.12 0.03 0.73% |
Ningbo Thermal financial indicator trend analysis is infinitely more than just investigating Ningbo Thermal Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Thermal Power is a good investment. Please check the relationship between Ningbo Thermal Other Operating Expenses and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Thermal Power. 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.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo Thermal Power Other Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Ningbo Thermal's Other Operating Expenses and Gross Profit is -0.79. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ningbo Thermal Power, assuming nothing else is changed. The correlation between historical values of Ningbo Thermal's Other Operating Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ningbo Thermal Power are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., Ningbo Thermal's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ningbo Thermal Power. It is also known as Ningbo Thermal 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ningbo Thermal Power minus its cost of goods sold. It is profit before Ningbo Thermal 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.
Most indicators from Ningbo Thermal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Thermal Power 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 Ningbo Thermal Power. 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
Selling General Administrative is expected to grow to about 337.1
M, whereas
Tax Provision is forecasted to decline to about 13.8
M.
Ningbo Thermal fundamental ratios Correlations
Click cells to compare fundamentals
Ningbo Thermal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningbo Thermal fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Balance Sheet is a snapshot of the
financial position of Ningbo Thermal Power at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Thermal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Thermal 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.