Zhangjiagang Gross Profit vs Cost Of Revenue Analysis

603221 Stock   10.15  0.10  1.00%   
Zhangjiagang Elegant financial indicator trend analysis is more than just analyzing Zhangjiagang Elegant Home current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhangjiagang Elegant Home is a good investment. Please check the relationship between Zhangjiagang Elegant Gross Profit and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhangjiagang Elegant Home. 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.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhangjiagang Elegant Home Gross Profit account and Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
Gross ProfitCost Of RevenueDiversified AwayGross ProfitCost Of RevenueDiversified Away100%
The correlation between Zhangjiagang Elegant's Gross Profit and Cost Of Revenue is -0.54. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Zhangjiagang Elegant Home, assuming nothing else is changed. The correlation between historical values of Zhangjiagang Elegant's Gross Profit 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 Gross Profit of Zhangjiagang Elegant Home 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 Gross Profit i.e., Zhangjiagang Elegant's Gross Profit and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.54
Relationship DirectionNegative 
Relationship StrengthVery Weak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Zhangjiagang Elegant Home minus its cost of goods sold. It is profit before Zhangjiagang Elegant 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.

Cost Of Revenue

Cost of Revenue is found on Zhangjiagang Elegant Home income statement and represents the costs associated with goods and services Zhangjiagang Elegant 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 Zhangjiagang Elegant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhangjiagang Elegant Home 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 Zhangjiagang Elegant Home. 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 21, 2024, Tax Provision is expected to decline to about 3.6 M. In addition to that, Selling General Administrative is expected to decline to about 37.2 M
 2021 2022 2023 2024 (projected)
Gross Profit83.9M27.3M217.9M175.9M
Total Revenue1.1B799.0M1.2B866.1M

Zhangjiagang Elegant fundamental ratios Correlations

-0.660.730.970.620.950.870.96-0.510.540.83-0.70.820.730.80.980.990.490.630.980.940.94-0.860.75
-0.66-0.42-0.64-0.54-0.69-0.54-0.730.06-0.18-0.60.56-0.5-0.22-0.65-0.61-0.7-0.55-0.29-0.61-0.72-0.720.77-0.58
0.73-0.420.57-0.010.730.60.75-0.440.80.73-0.820.980.430.660.720.70.60.320.720.740.74-0.720.66
0.97-0.640.570.740.920.90.9-0.510.410.82-0.610.660.790.780.960.980.370.720.950.880.87-0.790.64
0.62-0.54-0.010.740.570.620.55-0.220.10.38-0.20.120.560.510.630.660.210.580.630.520.52-0.480.37
0.95-0.690.730.920.570.870.91-0.590.550.91-0.840.780.70.940.890.970.370.710.890.870.85-0.80.64
0.87-0.540.60.90.620.870.72-0.590.60.92-0.710.630.920.820.880.910.330.880.870.680.68-0.650.38
0.96-0.730.750.90.550.910.72-0.350.470.73-0.660.850.510.740.930.930.540.420.920.980.98-0.910.85
-0.510.06-0.44-0.51-0.22-0.59-0.59-0.35-0.55-0.60.68-0.44-0.73-0.66-0.51-0.56-0.08-0.79-0.51-0.33-0.330.16-0.29
0.54-0.180.80.410.10.550.60.47-0.550.58-0.760.770.530.630.580.550.520.470.580.430.45-0.410.42
0.83-0.60.730.820.380.910.920.73-0.60.58-0.850.720.780.870.80.880.330.790.80.70.68-0.70.39
-0.70.56-0.82-0.61-0.2-0.84-0.71-0.660.68-0.76-0.85-0.8-0.54-0.93-0.65-0.75-0.4-0.63-0.65-0.62-0.610.58-0.49
0.82-0.50.980.660.120.780.630.85-0.440.770.72-0.80.450.690.80.780.630.330.80.830.84-0.790.78
0.73-0.220.430.790.560.70.920.51-0.730.530.78-0.540.450.650.770.770.170.940.760.480.48-0.40.22
0.8-0.650.660.780.510.940.820.74-0.660.630.87-0.930.690.650.740.860.30.750.740.690.68-0.640.49
0.98-0.610.720.960.630.890.880.93-0.510.580.8-0.650.80.770.740.970.570.641.00.920.93-0.850.75
0.99-0.70.70.980.660.970.910.93-0.560.550.88-0.750.780.770.860.970.480.720.970.90.9-0.830.69
0.49-0.550.60.370.210.370.330.54-0.080.520.33-0.40.630.170.30.570.480.050.590.630.66-0.720.74
0.63-0.290.320.720.580.710.880.42-0.790.470.79-0.630.330.940.750.640.720.050.640.370.36-0.30.11
0.98-0.610.720.950.630.890.870.92-0.510.580.8-0.650.80.760.741.00.970.590.640.920.93-0.860.76
0.94-0.720.740.880.520.870.680.98-0.330.430.7-0.620.830.480.690.920.90.630.370.921.0-0.950.89
0.94-0.720.740.870.520.850.680.98-0.330.450.68-0.610.840.480.680.930.90.660.360.931.0-0.950.91
-0.860.77-0.72-0.79-0.48-0.8-0.65-0.910.16-0.41-0.70.58-0.79-0.4-0.64-0.85-0.83-0.72-0.3-0.86-0.95-0.95-0.82
0.75-0.580.660.640.370.640.380.85-0.290.420.39-0.490.780.220.490.750.690.740.110.760.890.91-0.82
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Zhangjiagang Elegant Account Relationship Matchups

Zhangjiagang Elegant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets972.9M1.8B1.9B2.0B2.2B1.6B
Other Current Liab4.2M5.6M1.6M1.8M2.8M3.1M
Total Current Liabilities253.3M293.8M385.9M410.0M510.5M391.5M
Total Stockholder Equity709.8M1.5B1.4B1.4B1.5B1.1B
Retained Earnings432.1M460.3M440.8M398.0M465.4M414.4M
Accounts Payable162.1M229.1M259.3M266.4M234.0M195.8M
Cash190.8M381.3M385.9M211.1M347.1M274.7M
Non Current Assets Total387.4M633.1M1.0B1.4B1.4B768.0M
Non Currrent Assets Other21.8M2.5M30.0M19.9M21.8M16.8M
Net Receivables198.6M189.2M163.6M132.1M273.2M203.5M
Non Current Liabilities Total9.8M25.4M23.1M105.6M111.1M116.7M
Inventory161.1M231.9M265.3M198.3M201.9M212.5M
Other Current Assets13.5M20.9M20.0M11.3M11.5M10.9M
Total Liab263.1M319.2M409.0M515.6M621.7M429.8M
Total Current Assets585.5M1.1B861.2M597.8M861.1M799.5M
Intangible Assets101.8M98.6M98.8M94.5M87.9M84.6M
Net Invested Capital756.4M1.5B1.5B1.5B1.7B1.3B
Short Long Term Debt46.6M20.0M94.2M111.2M232.6M244.3M
Net Working Capital332.3M844.4M475.3M187.8M350.6M408.4M

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Other Information on Investing in Zhangjiagang Stock

Balance Sheet is a snapshot of the financial position of Zhangjiagang Elegant Home at a specified time, usually calculated after every quarter, six months, or one year. Zhangjiagang Elegant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhangjiagang Elegant 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 Zhangjiagang currently owns. An asset can also be divided into two categories, current and non-current.
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