Orinko Cost Of Revenue vs Gross Profit Analysis

688219 Stock   12.23  2.24  22.42%   
Orinko Advanced financial indicator trend analysis is much more than just breaking down Orinko Advanced Plastics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orinko Advanced Plastics is a good investment. Please check the relationship between Orinko Advanced Cost Of Revenue and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Orinko Advanced Plastics. 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.

Cost Of Revenue vs Gross Profit

Cost Of Revenue vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orinko Advanced Plastics Cost Of Revenue account and Gross Profit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Orinko Advanced's Cost Of Revenue and Gross Profit is 0.15. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Orinko Advanced Plastics, assuming nothing else is changed. The correlation between historical values of Orinko Advanced's Cost Of Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Orinko Advanced Plastics are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Cost Of Revenue i.e., Orinko Advanced's Cost Of Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cost Of Revenue

Cost of Revenue is found on Orinko Advanced Plastics income statement and represents the costs associated with goods and services Orinko Advanced 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Orinko Advanced Plastics minus its cost of goods sold. It is profit before Orinko Advanced 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.
Most indicators from Orinko Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orinko Advanced Plastics 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 Orinko Advanced Plastics. 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 4.4 M, whereas Selling General Administrative is forecasted to decline to about 140.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense66.3M67.5M81.1M77.4M
Interest Income3.7M3.7M7.8M4.4M

Orinko Advanced fundamental ratios Correlations

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0.99-0.590.870.820.90.860.940.930.930.90.950.91-0.610.720.960.82-0.780.990.950.720.720.870.490.96-0.81
0.8-0.960.640.950.880.880.540.570.870.480.570.84-0.731.00.590.47-0.420.660.870.890.720.620.350.83-0.74
0.83-0.590.520.730.720.760.680.920.750.790.950.72-0.410.620.950.63-0.830.810.840.470.870.620.310.74-0.67
0.48-0.110.550.40.440.510.560.230.440.740.350.61-0.750.350.360.17-0.710.480.390.260.490.350.310.520.04
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Other Information on Investing in Orinko Stock

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