FSPG Cost Of Revenue vs Minority Interest Analysis

000973 Stock   8.19  0.91  10.00%   
FSPG Hi financial indicator trend analysis is much more than just examining FSPG Hi Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FSPG Hi Tech is a good investment. Please check the relationship between FSPG Hi Cost Of Revenue and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in FSPG Hi Tech 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 nation.

Cost Of Revenue vs Minority Interest

Cost Of Revenue vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FSPG Hi Tech Cost Of Revenue account and Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between FSPG Hi's Cost Of Revenue and Minority Interest is -0.05. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Minority Interest in the same time period over historical financial statements of FSPG Hi Tech Co, assuming nothing else is changed. The correlation between historical values of FSPG Hi's Cost Of Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of FSPG Hi Tech Co are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Cost Of Revenue i.e., FSPG Hi's Cost Of Revenue and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.05
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cost Of Revenue

Cost of Revenue is found on FSPG Hi Tech income statement and represents the costs associated with goods and services FSPG Hi 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.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of FSPG Hi Tech Co whose combined shares represent less than 50% of the total outstanding shares issued by FSPG Hi have a minority interest in FSPG Hi.
Most indicators from FSPG Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FSPG Hi Tech 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 FSPG Hi Tech 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 nation.
The current year's Tax Provision is expected to grow to about 14.5 M, whereas Selling General Administrative is forecasted to decline to about 39 M.
 2021 2022 2023 2024 (projected)
Operating Income256.4M212.7M187.8M163.2M
Total Revenue2.5B2.6B2.2B2.3B

FSPG Hi fundamental ratios Correlations

0.690.590.60.610.86-0.220.310.330.40.630.91-0.810.470.750.470.78-0.130.70.740.930.370.590.670.570.24
0.690.30.780.030.450.470.87-0.370.470.110.58-0.68-0.160.360.50.920.050.840.920.690.680.230.170.780.47
0.590.30.540.130.39-0.260.020.010.490.520.51-0.470.310.090.350.420.50.370.630.58-0.030.50.28-0.020.31
0.60.780.54-0.040.210.230.57-0.320.730.320.4-0.570.040.310.030.760.220.80.850.70.810.0-0.020.440.35
0.610.030.13-0.040.66-0.54-0.270.77-0.230.670.65-0.370.60.690.050.06-0.49-0.010.010.48-0.020.550.910.08-0.15
0.860.450.390.210.66-0.240.180.540.040.390.95-0.790.40.710.560.54-0.210.490.450.650.060.710.770.50.22
-0.220.47-0.260.23-0.54-0.240.81-0.81-0.06-0.72-0.140.04-0.88-0.350.210.220.340.250.33-0.260.34-0.16-0.40.40.49
0.310.870.020.57-0.270.180.81-0.670.29-0.370.31-0.43-0.620.040.490.710.140.660.740.260.560.07-0.10.730.5
0.33-0.370.01-0.320.770.54-0.81-0.67-0.260.570.38-0.150.810.61-0.16-0.22-0.47-0.2-0.380.24-0.240.340.63-0.18-0.36
0.40.470.490.73-0.230.04-0.060.29-0.260.250.12-0.310.150.220.060.680.030.660.620.580.49-0.19-0.250.32-0.15
0.630.110.520.320.670.39-0.72-0.370.570.250.42-0.340.870.51-0.070.22-0.180.150.230.720.130.310.56-0.06-0.11
0.910.580.510.40.650.95-0.140.310.380.120.42-0.850.290.680.560.62-0.130.540.610.710.180.760.790.530.29
-0.81-0.68-0.47-0.57-0.37-0.790.04-0.43-0.15-0.31-0.34-0.85-0.19-0.5-0.44-0.70.07-0.66-0.69-0.66-0.4-0.42-0.52-0.61-0.37
0.47-0.160.310.040.60.4-0.88-0.620.810.150.870.29-0.190.56-0.180.04-0.290.04-0.090.55-0.030.190.44-0.17-0.28
0.750.360.090.310.690.71-0.350.040.610.220.510.68-0.50.560.080.48-0.530.520.280.710.40.350.540.5-0.17
0.470.50.350.030.050.560.210.49-0.160.06-0.070.56-0.44-0.180.080.550.120.340.540.33-0.270.630.360.540.34
0.780.920.420.760.060.540.220.71-0.220.680.220.62-0.70.040.480.55-0.030.910.910.810.580.220.180.780.31
-0.130.050.50.22-0.49-0.210.340.14-0.470.03-0.18-0.130.07-0.29-0.530.12-0.030.020.25-0.11-0.120.03-0.3-0.250.65
0.70.840.370.8-0.010.490.250.66-0.20.660.150.54-0.660.040.520.340.910.020.830.750.680.090.010.710.37
0.740.920.630.850.010.450.330.74-0.380.620.230.61-0.69-0.090.280.540.910.250.830.740.540.330.180.650.47
0.930.690.580.70.480.65-0.260.260.240.580.720.71-0.660.550.710.330.81-0.110.750.740.480.360.470.520.17
0.370.68-0.030.81-0.020.060.340.56-0.240.490.130.18-0.4-0.030.4-0.270.58-0.120.680.540.48-0.3-0.140.510.2
0.590.230.50.00.550.71-0.160.070.34-0.190.310.76-0.420.190.350.630.220.030.090.330.36-0.30.710.120.14
0.670.170.28-0.020.910.77-0.4-0.10.63-0.250.560.79-0.520.440.540.360.18-0.30.010.180.47-0.140.710.210.07
0.570.78-0.020.440.080.50.40.73-0.180.32-0.060.53-0.61-0.170.50.540.78-0.250.710.650.520.510.120.210.24
0.240.470.310.35-0.150.220.490.5-0.36-0.15-0.110.29-0.37-0.28-0.170.340.310.650.370.470.170.20.140.070.24
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FSPG Hi Account Relationship Matchups

FSPG Hi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B3.9B4.0B4.5B4.6B4.4B
Short Long Term Debt Total928.2M736.1M667.6M787.1M604.5M574.3M
Other Current Liab131.8M4.0M2.7M144.2M201.3M215.6M
Total Current Liabilities1.2B732.7M719.3M757.1M754.4M716.7M
Total Stockholder Equity2.4B2.4B2.5B2.6B2.8B1.8B
Property Plant And Equipment Net1.4B1.4B1.3B1.3B1.5B1.6B
Current Deferred Revenue144.2M160.3M157.3M27.7M26.1M24.8M
Net Debt548.4M318.1M244.6M(182.4M)(229.9M)(218.4M)
Retained Earnings831.8M865.1M953.4M1.0B1.2B1.3B
Accounts Payable193.2M195.2M202.2M190.3M221.7M312.8M
Cash379.8M418.0M423.0M969.5M834.4M487.3M
Non Current Assets Total2.8B2.5B2.4B2.4B2.6B2.6B
Non Currrent Assets Other19.5M95.3M185.7M139.0M61.4M58.3M
Cash And Short Term Investments385.5M501.0M599.6M1.1B1.0B1.1B
Net Receivables447.6M426.0M487.8M546.9M467.3M548.7M
Liabilities And Stockholders Equity4.1B3.9B4.0B4.5B4.6B4.4B
Non Current Liabilities Total344.7M493.8M442.9M520.2M365.1M600.8M
Inventory444.8M426.6M430.2M520.7M467.8M674.9M
Other Current Assets22.2M16.1M14.0M9.5M34.1M57.3M
Other Stockholder Equity529.1M533.3M298.8M298.8M298.4M447.9M
Total Liab1.5B1.2B1.2B1.3B1.1B1.1B
Total Current Assets1.3B1.4B1.5B2.2B2.0B1.8B
Short Term Debt715.1M373.2M357.0M394.9M305.3M290.0M
Intangible Assets251.7M240.9M245.5M238.0M202.5M217.0M
Other Liab134.9M131.5M130.9M132.2M152.0M176.0M
Long Term Debt213.1M362.9M306.0M388.3M297.1M524.9M
Property Plant Equipment1.4B1.4B1.3B1.3B1.2B1.3B
Short Term Investments5.7M83.0M176.6M130.1M210.5M221.0M
Good Will42.1M34.9M27.3M22.9M26.4M24.1M
Net Tangible Assets2.1B2.1B2.2B2.4B2.7B2.2B
Short Long Term Debt433.6M347.6M274.7M332.9M184.5M359.2M
Deferred Long Term Liab6.3M5.7M4.2M969.8K872.8K829.2K
Net Invested Capital3.0B3.1B3.1B3.4B3.3B3.5B
Net Working Capital115.7M637.0M812.4M1.4B1.3B689.6M

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Other Information on Investing in FSPG Stock

Balance Sheet is a snapshot of the financial position of FSPG Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. FSPG Hi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of FSPG Hi 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 FSPG currently owns. An asset can also be divided into two categories, current and non-current.