Sun Net Income vs Total Revenue Analysis
| SRES Stock | CAD 0.05 0.0009 1.83% |
Sun Residential financial indicator trend analysis is much more than just breaking down Sun Residential Real prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Residential Real is a good investment. Please check the relationship between Sun Residential Net Income and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Residential Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
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 Sun Residential Real Net Income account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sun Residential's Net Income and Total Revenue is -0.24. 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 Sun Residential Real, assuming nothing else is changed. The correlation between historical values of Sun Residential'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 Sun Residential Real 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., Sun Residential's Net Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sun Residential Real financial statement analysis. It represents the amount of money remaining after all of Sun Residential Real operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Total Revenue
Total revenue comprises all receipts Sun Residential Real 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 Sun Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Residential Real 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Residential Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to climb to about (1.3 M) in 2024. Selling General Administrative is likely to drop to about 360 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.9M | 3.0M | 3.1M | 3.1M | Total Revenue | 4.9M | 5.5M | 5.8M | 5.6M |
Sun Residential fundamental ratios Correlations
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Sun Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Sun Stock Analysis
When running Sun Residential's price analysis, check to measure Sun Residential's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sun Residential is operating at the current time. Most of Sun Residential's value examination focuses on studying past and present price action to predict the probability of Sun Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Residential's price. Additionally, you may evaluate how the addition of Sun Residential to your portfolios can decrease your overall portfolio volatility.