603355 Stock | | | 22.97 0.19 0.82% |
Kingclean Electric financial indicator trend analysis is infinitely more than just investigating Kingclean Electric recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingclean Electric is a good investment. Please check the relationship between Kingclean Electric Net Income and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Kingclean Electric 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 nation.
Net Income vs Total Revenue
Net Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kingclean Electric Net Income account and
Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kingclean Electric's Net Income and Total Revenue is 0.72. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Kingclean Electric Co, assuming nothing else is changed. The correlation between historical values of Kingclean Electric's Net Income 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 Net Income of Kingclean Electric 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 Net Income i.e., Kingclean Electric's Net Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Kingclean Electric financial statement analysis. It represents the amount of money remaining after all of Kingclean Electric Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Total Revenue
Total revenue comprises all receipts Kingclean Electric 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 Kingclean Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingclean Electric 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 Kingclean Electric 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 nation.
As of December 4, 2024,
Selling General Administrative is expected to decline to about 512.4
M. In addition to that,
Tax Provision is expected to decline to about 76.3
M | 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 652.9M | 816.2M | 982.7M | 628.2M | Total Revenue | 7.9B | 8.9B | 8.8B | 6.3B |
Kingclean Electric fundamental ratios Correlations
Click cells to compare fundamentals
Kingclean Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kingclean Electric fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Kingclean Stock
Balance Sheet is a snapshot of the
financial position of Kingclean Electric at a specified time, usually calculated after every quarter, six months, or one year. Kingclean Electric Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kingclean Electric 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 Kingclean currently owns. An asset can also be divided into two categories, current and non-current.