WeRide Operating Income vs Net Income Analysis
| WRD Stock | 17.37 0.21 1.22% |
WeRide American financial indicator trend analysis is more than just analyzing WeRide American Depo current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WeRide American Depo is a good investment. Please check the relationship between WeRide American Operating Income and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WeRide American Depositary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Operating Income vs Net Income
Operating Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WeRide American Depo Operating Income account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between WeRide American's Operating Income and Net Income is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of WeRide American Depositary, assuming nothing else is changed. The correlation between historical values of WeRide American's Operating Income and Net Income 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 WeRide American Depositary are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., WeRide American's Operating Income and Net Income go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from WeRide American Depo 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 WeRide American Depositary 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in WeRide American Depo financial statement analysis. It represents the amount of money remaining after all of WeRide American Depositary operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from WeRide American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WeRide American Depo 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WeRide American Depositary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, WeRide American's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 0.91, whereas Sales General And Administrative To Revenue is forecasted to decline to 1.34.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 65.8M | 86.6M | 89.6M | 82.6M | Interest Income | 29.8M | 36.1M | 132.0M | 138.6M |
WeRide American fundamental ratios Correlations
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WeRide American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether WeRide American Depo is a strong investment it is important to analyze WeRide American's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WeRide American's future performance. For an informed investment choice regarding WeRide Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WeRide American Depositary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Computers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WeRide American. If investors know WeRide will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WeRide American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WeRide American Depo is measured differently than its book value, which is the value of WeRide that is recorded on the company's balance sheet. Investors also form their own opinion of WeRide American's value that differs from its market value or its book value, called intrinsic value, which is WeRide American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WeRide American's market value can be influenced by many factors that don't directly affect WeRide American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WeRide American's value and its price as these two are different measures arrived at by different means. Investors typically determine if WeRide American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WeRide American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.