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 Total Revenue and its Minority Interest 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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Total Revenue vs Minority Interest
Total Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Penyao Environmental Total Revenue account and
Minority Interest. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Penyao Environmental's Total Revenue and Minority Interest is 0.17. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Minority Interest 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 Total Revenue and Minority Interest 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 Revenue of Penyao Environmental Protection are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Revenue i.e., Penyao Environmental's Total Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Penyao Environmental 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.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Penyao Environmental Protection whose combined shares represent less than 50% of the total outstanding shares issued by Penyao Environmental have a minority interest in Penyao Environmental.
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
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 701.8M | 648.4M | 731.3M | 656.0M | Total Revenue | 2.1B | 1.9B | 2.1B | 1.7B |
Penyao 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.