000603 Stock | | | 12.66 0.10 0.78% |
Shengda Mining financial indicator trend analysis is much more than just breaking down Shengda Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shengda Mining is a good investment. Please check the relationship between Shengda Mining Total Revenue and its Selling And Marketing Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shengda Mining 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 board of governors.
Total Revenue vs Selling And Marketing Expenses
Total Revenue vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shengda Mining Total Revenue account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shengda Mining's Total Revenue and Selling And Marketing Expenses is -0.06. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Shengda Mining Co, assuming nothing else is changed. The correlation between historical values of Shengda Mining's Total Revenue and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Shengda Mining Co are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Total Revenue i.e., Shengda Mining's Total Revenue and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Shengda Mining 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.
Selling And Marketing Expenses
Most indicators from Shengda Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengda Mining 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 Shengda Mining 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 board of governors.
The current year's
Selling General Administrative is expected to grow to about 63.2
M. The current year's
Tax Provision is expected to grow to about 81.8
MShengda Mining fundamental ratios Correlations
Click cells to compare fundamentals
Shengda Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shengda Mining fundamental ratios Accounts
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Other Information on Investing in Shengda Stock
Balance Sheet is a snapshot of the
financial position of Shengda Mining at a specified time, usually calculated after every quarter, six months, or one year. Shengda Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shengda Mining 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 Shengda currently owns. An asset can also be divided into two categories, current and non-current.