| 000880 Stock | | | 11.84 0.94 7.36% |
Weichai Heavy financial indicator trend analysis is more than just analyzing Weichai Heavy Machinery current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weichai Heavy Machinery is a good investment. Please check the relationship between Weichai Heavy Total Revenue and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Weichai Heavy Machinery. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
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Total Revenue vs Net Income
Total Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Weichai Heavy Machinery Total Revenue account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Weichai Heavy's Total Revenue and Net Income is 0.63. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Weichai Heavy Machinery, assuming nothing else is changed. The correlation between historical values of Weichai Heavy's Total Revenue 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 Total Revenue of Weichai Heavy Machinery 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 Total Revenue i.e., Weichai Heavy's Total Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts Weichai Heavy Machinery 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Weichai Heavy Machinery financial statement analysis. It represents the amount of money remaining after all of Weichai Heavy Machinery operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Weichai Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weichai Heavy Machinery 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 Weichai Heavy Machinery. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 140.5
M, whereas
Tax Provision is projected to grow to (12.2
M).
Weichai Heavy fundamental ratios Correlations
Click cells to compare fundamentals
Weichai Heavy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Weichai Heavy fundamental ratios Accounts
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Other Information on Investing in Weichai Stock
Balance Sheet is a snapshot of the
financial position of Weichai Heavy Machinery at a specified time, usually calculated after every quarter, six months, or one year. Weichai Heavy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Weichai Heavy 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 Weichai currently owns. An asset can also be divided into two categories, current and non-current.