603313 Stock | | | 7.39 0.27 3.79% |
Healthcare financial indicator trend analysis is much more than just examining Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Healthcare is a good investment. Please check the relationship between Healthcare Selling General Administrative and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Healthcare Co. 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.
Selling General Administrative vs Total Revenue
Selling General Administrative vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Healthcare Selling General Administrative account and
Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Healthcare's Selling General Administrative and Total Revenue is 0.99. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Healthcare Co, assuming nothing else is changed. The correlation between historical values of Healthcare's Selling General Administrative and Total 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 Selling General Administrative of Healthcare Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Selling General Administrative i.e., Healthcare's Selling General Administrative and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling General Administrative
Total Revenue
Total revenue comprises all receipts Healthcare 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.
Most indicators from Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Healthcare 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 Healthcare Co. 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 Selling General Administrative is expected to grow to about 1.5
B, whereas
Tax Provision is forecasted to decline to about 34.2
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 208.3M | 307.0M | 607.5M | 336.1M | Total Revenue | 8.1B | 8.0B | 8.0B | 8.4B |
Healthcare fundamental ratios Correlations
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Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Healthcare fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Healthcare Stock
Balance Sheet is a snapshot of the
financial position of Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Healthcare 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 Healthcare currently owns. An asset can also be divided into two categories, current and non-current.