002246 Stock | | | 11.98 0.05 0.42% |
North Chemical financial indicator trend analysis is infinitely more than just investigating North Chemical Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North Chemical Industries is a good investment. Please check the relationship between North Chemical Interest Income and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in North Chemical Industries. 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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Interest Income vs Total Revenue
Interest Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North Chemical Industries Interest Income account and
Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between North Chemical's Interest Income and Total Revenue is 0.41. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of North Chemical Industries, assuming nothing else is changed. The correlation between historical values of North Chemical's Interest Income 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 Interest Income of North Chemical Industries 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 Interest Income i.e., North Chemical's Interest Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Total Revenue
Total revenue comprises all receipts North Chemical Industries 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 North Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North Chemical Industries 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 North Chemical Industries. 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 148.5
M, whereas
Tax Provision is projected to grow to (3.5
M).
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 130.7M | 46.9M | 27.2M | 25.8M | Total Revenue | 2.6B | 2.6B | 2.2B | 1.8B |
North Chemical fundamental ratios Correlations
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North Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North Chemical fundamental ratios Accounts
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Other Information on Investing in North Stock
Balance Sheet is a snapshot of the
financial position of North Chemical Industries at a specified time, usually calculated after every quarter, six months, or one year. North Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of North Chemical 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 North currently owns. An asset can also be divided into two categories, current and non-current.