Change Operating Income vs Cost Of Revenue Analysis

CCA Stock

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Change Financial financial indicator trend analysis is way more than just evaluating Change Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Change Financial is a good investment. Please check the relationship between Change Financial Operating Income and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Change Financial Limited. 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.

Operating Income vs Cost Of Revenue

Operating Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Change Financial Operating Income account and Cost Of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Change Financial's Operating Income and Cost Of Revenue is -0.44. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Change Financial Limited, assuming nothing else is changed. The correlation between historical values of Change Financial's Operating Income 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 Operating Income of Change Financial Limited 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 Operating Income i.e., Change Financial's Operating Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Change Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Change Financial Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Change Financial income statement and represents the costs associated with goods and services Change Financial 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 Change Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Change Financial 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 Change Financial Limited. 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.

Tax Provision is likely to gain to about 324.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.3 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	11.0M	9.4M	7.6M	5.8M
Research Development	339.7K	720.6K	809.8K	525.2K

Cost Of Revenue Research Development

Change Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Current Assets	Intangible Assets	Common Stock	Total Current Liabilities	Net Tangible Assets	Property Plant And Equipment Net	Accounts Payable	Total Liab	Property Plant Equipment	Other Current Liab	Common Stock Shares Outstanding	Common Stock Total Equity	Inventory	Property Plant And Equipment Gross
Total Assets		0.89	-0.57	-0.63	0.6	0.76	0.03	0.51	0.6	0.73	0.65	-0.27	0.89	0.51	0.67	0.73	0.45	0.53	0.71	0.72	0.75	0.65	0.7	0.63	-0.56	0.7
Total Stockholder Equity	0.89		-0.65	-0.32	0.64	0.45	0.17	0.53	0.64	0.4	0.35	-0.47	0.99	0.26	0.38	0.38	0.8	0.29	0.37	0.37	0.46	0.36	0.39	0.35	-0.36	0.37
Net Debt	-0.57	-0.65		0.4	-0.99	-0.3	-0.16	-0.49	-0.99	-0.28	-0.27	0.03	-0.63	-0.23	-0.46	-0.25	-0.51	-0.34	-0.4	-0.24	-0.32	-0.27	-0.3	-0.46	0.56	-0.33
Retained Earnings	-0.63	-0.32	0.4		-0.49	-0.8	0.22	-0.4	-0.49	-0.83	-0.76	-0.15	-0.38	-0.67	-0.98	-0.86	0.13	-0.75	-0.94	-0.86	-0.68	-0.55	-0.86	-0.96	0.93	-0.86
Cash	0.6	0.64	-0.99	-0.49		0.35	0.1	0.52	1.0	0.35	0.31	0.04	0.64	0.26	0.53	0.32	0.46	0.42	0.49	0.31	0.4	0.29	0.35	0.55	-0.65	0.39
Non Current Assets Total	0.76	0.45	-0.3	-0.8	0.35		-0.09	0.14	0.35	0.97	0.91	0.03	0.45	0.66	0.86	0.98	-0.1	0.58	0.81	0.98	0.81	0.76	0.97	0.69	-0.61	0.83
Non Currrent Assets Other	0.03	0.17	-0.16	0.22	0.1	-0.09		-0.12	0.1	-0.04	0.08	0.05	0.17	-0.62	-0.12	-0.1	0.36	-0.14	-0.27	-0.11	-0.25	0.02	0.0	-0.23	0.27	-0.1
Other Assets	0.51	0.53	-0.49	-0.4	0.52	0.14	-0.12		0.52	0.17	0.21	-0.41	0.59	0.3	0.32	0.17	0.37	0.25	0.37	0.17	0.17	0.41	0.15	0.46	-0.47	0.26
Cash And Short Term Investments	0.6	0.64	-0.99	-0.49	1.0	0.35	0.1	0.52		0.35	0.31	0.04	0.64	0.26	0.53	0.32	0.46	0.42	0.49	0.31	0.4	0.29	0.35	0.55	-0.65	0.39
Net Receivables	0.73	0.4	-0.28	-0.83	0.35	0.97	-0.04	0.17	0.35		0.87	0.08	0.41	0.62	0.87	0.98	-0.17	0.7	0.86	0.98	0.86	0.76	0.95	0.74	-0.64	0.87
Other Current Assets	0.65	0.35	-0.27	-0.76	0.31	0.91	0.08	0.21	0.31	0.87		0.04	0.36	0.53	0.83	0.9	-0.12	0.38	0.69	0.91	0.55	0.82	0.96	0.62	-0.56	0.74
Other Stockholder Equity	-0.27	-0.47	0.03	-0.15	0.04	0.03	0.05	-0.41	0.04	0.08	0.04		-0.42	-0.32	0.14	0.11	-0.52	0.29	0.21	0.13	-0.01	-0.1	0.08	0.17	-0.1	0.23
Total Current Assets	0.89	0.99	-0.63	-0.38	0.64	0.45	0.17	0.59	0.64	0.41	0.36	-0.42		0.23	0.42	0.41	0.79	0.34	0.41	0.4	0.45	0.35	0.41	0.4	-0.42	0.4
Intangible Assets	0.51	0.26	-0.23	-0.67	0.26	0.66	-0.62	0.3	0.26	0.62	0.53	-0.32	0.23		0.64	0.62	-0.17	0.42	0.67	0.62	0.67	0.53	0.61	0.63	-0.62	0.59
Common Stock	0.67	0.38	-0.46	-0.98	0.53	0.86	-0.12	0.32	0.53	0.87	0.83	0.14	0.42	0.64		0.89	-0.06	0.71	0.91	0.89	0.68	0.57	0.91	0.92	-0.91	0.85
Total Current Liabilities	0.73	0.38	-0.25	-0.86	0.32	0.98	-0.1	0.17	0.32	0.98	0.9	0.11	0.41	0.62	0.89		-0.18	0.64	0.87	1.0	0.82	0.74	0.97	0.76	-0.67	0.85
Net Tangible Assets	0.45	0.8	-0.51	0.13	0.46	-0.1	0.36	0.37	0.46	-0.17	-0.12	-0.52	0.79	-0.17	-0.06	-0.18		-0.1	-0.16	-0.19	-0.1	-0.16	-0.11	-0.07	-0.03	-0.13
Property Plant And Equipment Net	0.53	0.29	-0.34	-0.75	0.42	0.58	-0.14	0.25	0.42	0.7	0.38	0.29	0.34	0.42	0.71	0.64	-0.1		0.85	0.63	0.7	0.36	0.57	0.8	-0.69	0.86
Accounts Payable	0.71	0.37	-0.4	-0.94	0.49	0.81	-0.27	0.37	0.49	0.86	0.69	0.21	0.41	0.67	0.91	0.87	-0.16	0.85		0.86	0.82	0.6	0.81	0.96	-0.86	0.94
Total Liab	0.72	0.37	-0.24	-0.86	0.31	0.98	-0.11	0.17	0.31	0.98	0.91	0.13	0.4	0.62	0.89	1.0	-0.19	0.63	0.86		0.8	0.75	0.97	0.75	-0.66	0.86
Property Plant Equipment	0.75	0.46	-0.32	-0.68	0.4	0.81	-0.25	0.17	0.4	0.86	0.55	-0.01	0.45	0.67	0.68	0.82	-0.1	0.7	0.82	0.8		0.58	0.7	0.68	-0.58	0.74
Other Current Liab	0.65	0.36	-0.27	-0.55	0.29	0.76	0.02	0.41	0.29	0.76	0.82	-0.1	0.35	0.53	0.57	0.74	-0.16	0.36	0.6	0.75	0.58		0.73	0.48	-0.32	0.69
Common Stock Shares Outstanding	0.7	0.39	-0.3	-0.86	0.35	0.97	0.0	0.15	0.35	0.95	0.96	0.08	0.41	0.61	0.91	0.97	-0.11	0.57	0.81	0.97	0.7	0.73		0.74	-0.67	0.84
Common Stock Total Equity	0.63	0.35	-0.46	-0.96	0.55	0.69	-0.23	0.46	0.55	0.74	0.62	0.17	0.4	0.63	0.92	0.76	-0.07	0.8	0.96	0.75	0.68	0.48	0.74		-0.95	0.86
Inventory	-0.56	-0.36	0.56	0.93	-0.65	-0.61	0.27	-0.47	-0.65	-0.64	-0.56	-0.1	-0.42	-0.62	-0.91	-0.67	-0.03	-0.69	-0.86	-0.66	-0.58	-0.32	-0.67	-0.95		-0.7
Property Plant And Equipment Gross	0.7	0.37	-0.33	-0.86	0.39	0.83	-0.1	0.26	0.39	0.87	0.74	0.23	0.4	0.59	0.85	0.85	-0.13	0.86	0.94	0.86	0.74	0.69	0.84	0.86	-0.7

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Change Financial Account Relationship Matchups

Change Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6M	12.7M	10.3M	15.3M	12.9M	7.7M
Total Stockholder Equity	2.3M	7.0M	3.3M	8.4M	5.9M	4.8M
Net Debt	(2.6M)	(3.5M)	(207.6K)	(5.2M)	(2.4M)	(2.6M)
Retained Earnings	(36.7M)	(40.2M)	(44.0M)	(46.9M)	(49.4M)	(47.0M)
Cash	3.0M	4.0M	1.5M	5.4M	2.6M	2.7M
Non Current Assets Total	189.5K	6.0M	6.4M	7.0M	7.5M	7.9M
Cash And Short Term Investments	3.0M	4.0M	1.5M	5.4M	2.6M	2.7M
Net Receivables	393.9K	2.4M	1.8M	2.1M	2.1M	2.2M
Liabilities And Stockholders Equity	3.6M	12.7M	10.3M	15.3M	12.9M	7.7M
Other Current Assets	8.1K	226.5K	373.3K	848.8K	749.6K	787.0K
Total Current Assets	3.4M	6.7M	3.9M	8.3M	5.4M	4.9M
Accumulated Other Comprehensive Income	4.3M	4.7M	4.8M	4.8M	4.8M	4.2M
Common Stock	29.6M	34.8M	42.5M	50.5M	58.1M	61.0M
Total Current Liabilities	1.1M	5.4M	5.8M	5.8M	6.0M	6.3M
Net Tangible Assets	2.3M	1.5M	(2.6M)	2.1M	1.9M	2.0M
Accounts Payable	420.8K	573.3K	627.1K	525.0K	581.6K	349.6K
Total Liab	1.2M	5.7M	7.0M	6.9M	7.1M	7.4M
Property Plant Equipment	0.0	461.0K	318.8K	209.1K	240.4K	136.9K
Other Current Liab	364.9K	1.8M	2.0M	5.1M	2.6M	1.5M
Common Stock Shares Outstanding	130.4M	366.9M	396.7M	535.7M	627.7M	659.0M
Inventory	(2.5K)	141.7K	267.7K	414.7K	(665.2K)	(631.9K)
Net Invested Capital	3.4M	7.0M	4.4M	8.4M	5.9M	4.8M
Net Working Capital	3.4M	1.3M	(1.9M)	2.6M	(598.3K)	(568.3K)
Short Term Debt	153.3K	297.4K	95.5K	72.2K	104.2K	177.3K
Short Long Term Debt Total	332.7K	561.8K	1.3M	136.3K	156.9K	149.1K
Current Deferred Revenue	111.2K	2.7M	3.1M	3.3M	2.7M	2.2M

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