| 002526 Stock | | | 3.27 0.30 10.10% |
Shandong Mining financial indicator trend analysis is much more than just breaking down Shandong Mining Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Mining Machinery is a good investment. Please check the relationship between Shandong Mining Total Operating Expenses and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Mining 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 Operating Expenses vs Selling General Administrative
Total Operating Expenses vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Mining Machinery Total Operating Expenses account and
Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shandong Mining's Total Operating Expenses and Selling General Administrative is -0.03. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Shandong Mining Machinery, assuming nothing else is changed. The correlation between historical values of Shandong Mining's Total Operating Expenses and Selling General Administrative 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 Operating Expenses of Shandong Mining Machinery are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Operating Expenses i.e., Shandong Mining's Total Operating Expenses and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.03 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Selling General Administrative
Most indicators from Shandong Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Mining 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 Shandong Mining 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 141.6
M, whereas
Tax Provision is forecasted to decline to about 40.8
M.
Shandong Mining fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Mining fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Mining Machinery at a specified time, usually calculated after every quarter, six months, or one year. Shandong Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Mining 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.