002115 Stock | | | 5.94 0.31 4.96% |
Sunwave Communications financial indicator trend analysis is much more than just breaking down Sunwave Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunwave Communications is a good investment. Please check the relationship between Sunwave Communications Total Assets and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sunwave Communications 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 Assets vs Total Revenue
Total Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sunwave Communications Total Assets account and
Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sunwave Communications' Total Assets and Total Revenue is 0.59. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sunwave Communications Co, assuming nothing else is changed. The correlation between historical values of Sunwave Communications' Total Assets and Total 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 Total Assets of Sunwave Communications Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., Sunwave Communications' Total Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Sunwave Communications assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sunwave Communications books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Revenue
Total revenue comprises all receipts Sunwave Communications 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.
Most indicators from Sunwave Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunwave Communications 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 Sunwave Communications 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.
As of November 22, 2024,
Selling General Administrative is expected to decline to about 173.5
M. In addition to that,
Tax Provision is expected to decline to about 33.1
M | 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 182.1M | 171.0M | 165.9M | 94.5M | Total Revenue | 10.3B | 10.3B | 12.5B | 13.1B |
Sunwave Communications fundamental ratios Correlations
Click cells to compare fundamentals
Sunwave Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sunwave Communications fundamental ratios Accounts
Also Currently Popular
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.
Other Information on Investing in Sunwave Stock
Balance Sheet is a snapshot of the
financial position of Sunwave Communications at a specified time, usually calculated after every quarter, six months, or one year. Sunwave Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sunwave Communications 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 Sunwave currently owns. An asset can also be divided into two categories, current and non-current.