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 Selling General Administrative and its Other Operating Expenses 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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Selling General Administrative vs Other Operating Expenses
Selling General Administrative vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Penyao Environmental Selling General Administrative account and
Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Penyao Environmental's Selling General Administrative and Other Operating Expenses is -0.35. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Other Operating Expenses 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 Selling General Administrative and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Penyao Environmental Protection are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Selling General Administrative i.e., Penyao Environmental's Selling General Administrative and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling General Administrative
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Penyao Environmental. It is also known as Penyao Environmental overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
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.