300664 Stock | | | 5.50 0.19 3.58% |
Penyao Environmental financial indicator trend analysis is much more than just breaking down Penyao Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Penyao Environmental is a good investment. Please check the relationship between Penyao Environmental Operating Income and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Penyao Environmental Protection. 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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Operating Income vs Selling General Administrative
Operating Income vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Penyao Environmental Operating Income account and
Selling General Administrative. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Penyao Environmental's Operating Income and Selling General Administrative is 0.87. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Penyao Environmental Protection, assuming nothing else is changed. The correlation between historical values of Penyao Environmental's Operating Income 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 Operating Income of Penyao Environmental Protection 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 Operating Income i.e., Penyao Environmental's Operating Income and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Penyao Environmental operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Penyao Environmental Protection is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Selling General Administrative
Most indicators from Penyao Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Penyao Environmental 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 Penyao Environmental Protection. 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.
As of November 23, 2024,
Tax Provision is expected to decline to about 93.1
M. In addition to that, Selling General Administrative is expected to decline to about 71.3
MPenyao Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Penyao Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Penyao Environmental fundamental ratios Accounts
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Other Information on Investing in Penyao Stock
Balance Sheet is a snapshot of the
financial position of Penyao Environmental at a specified time, usually calculated after every quarter, six months, or one year. Penyao Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Penyao Environmental 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 Penyao currently owns. An asset can also be divided into two categories, current and non-current.