Liaoning Interest Expense vs Cost Of Revenue Analysis
603255 Stock | 32.21 1.07 3.44% |
Liaoning Dingjide financial indicator trend analysis is infinitely more than just investigating Liaoning Dingjide recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Dingjide is a good investment. Please check the relationship between Liaoning Dingjide Interest Expense and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Dingjide Petrochemical. 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.
Interest Expense vs Cost Of Revenue
Interest Expense vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Dingjide Interest Expense account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Liaoning Dingjide's Interest Expense and Cost Of Revenue is 0.95. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Liaoning Dingjide Petrochemical, assuming nothing else is changed. The correlation between historical values of Liaoning Dingjide's Interest Expense 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 Interest Expense of Liaoning Dingjide Petrochemical 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 Interest Expense i.e., Liaoning Dingjide's Interest Expense and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Cost Of Revenue
Cost of Revenue is found on Liaoning Dingjide income statement and represents the costs associated with goods and services Liaoning Dingjide 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 Liaoning Dingjide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Dingjide 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 Liaoning Dingjide Petrochemical. 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 10.7 M, whereas Selling General Administrative is forecasted to decline to about 36.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.3M | 8.4M | 6.2M | 7.4M | Interest Income | 116.0K | 3.9M | 8.1M | 8.5M |
Liaoning Dingjide fundamental ratios Correlations
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Liaoning Dingjide Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Liaoning Stock
Balance Sheet is a snapshot of the financial position of Liaoning Dingjide at a specified time, usually calculated after every quarter, six months, or one year. Liaoning Dingjide Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Liaoning Dingjide 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 Liaoning currently owns. An asset can also be divided into two categories, current and non-current.