603011 Stock | | | 7.79 0.09 1.17% |
Hefei Metalforming financial indicator trend analysis is much more than just examining Hefei Metalforming Mach latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hefei Metalforming Mach is a good investment. Please check the relationship between Hefei Metalforming Total Revenue and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hefei Metalforming Mach. 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.
Total Revenue vs Cost Of Revenue
Total Revenue vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hefei Metalforming Mach Total Revenue account and
Cost Of Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Hefei Metalforming's Total Revenue and Cost Of Revenue is 1.0. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Hefei Metalforming Mach, assuming nothing else is changed. The correlation between historical values of Hefei Metalforming's Total Revenue 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 Total Revenue of Hefei Metalforming Mach 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 Total Revenue i.e., Hefei Metalforming's Total Revenue and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Hefei Metalforming Mach generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Cost Of Revenue
Cost of Revenue is found on Hefei Metalforming Mach income statement and represents the costs associated with goods and services Hefei Metalforming 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 Hefei Metalforming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hefei Metalforming Mach 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 Hefei Metalforming Mach. 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 50
M, whereas
Selling General Administrative is forecasted to decline to about 133.7
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 99.3M | 174.5M | 134.5M | 79.0M | Total Revenue | 1.2B | 1.7B | 1.8B | 913.2M |
Hefei Metalforming fundamental ratios Correlations
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Hefei Metalforming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hefei Metalforming fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hefei Stock
Balance Sheet is a snapshot of the
financial position of Hefei Metalforming Mach at a specified time, usually calculated after every quarter, six months, or one year. Hefei Metalforming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hefei Metalforming 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 Hefei currently owns. An asset can also be divided into two categories, current and non-current.