002063 Stock | | | 6.19 0.08 1.28% |
YGSOFT financial indicator trend analysis is more than just analyzing YGSOFT Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YGSOFT Inc is a good investment. Please check the relationship between YGSOFT Income Before Tax and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in YGSOFT Inc. 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.
Income Before Tax vs Cost Of Revenue
Income Before Tax vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
YGSOFT Inc Income Before Tax account and
Cost Of Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between YGSOFT's Income Before Tax and Cost Of Revenue is 0.48. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of YGSOFT Inc, assuming nothing else is changed. The correlation between historical values of YGSOFT's Income Before Tax and Cost Of 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 Income Before Tax of YGSOFT Inc are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., YGSOFT's Income Before Tax and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on YGSOFT income statement and is an important metric when analyzing YGSOFT Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Cost Of Revenue
Cost of Revenue is found on YGSOFT Inc income statement and represents the costs associated with goods and services YGSOFT 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.
Most indicators from YGSOFT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YGSOFT Inc 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 YGSOFT Inc. 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 11.8
M, whereas
Selling General Administrative is forecasted to decline to about 110.6
M.
YGSOFT fundamental ratios Correlations
Click cells to compare fundamentals
YGSOFT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
YGSOFT fundamental ratios Accounts
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Other Information on Investing in YGSOFT Stock
Balance Sheet is a snapshot of the
financial position of YGSOFT Inc at a specified time, usually calculated after every quarter, six months, or one year. YGSOFT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of YGSOFT 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 YGSOFT currently owns. An asset can also be divided into two categories, current and non-current.