Hunan Operating Income vs Minority Interest Analysis
301259 Stock | 49.97 0.06 0.12% |
Hunan Airbluer financial indicator trend analysis is much more than just examining Hunan Airbluer Envir latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Airbluer Envir is a good investment. Please check the relationship between Hunan Airbluer Operating Income and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Airbluer Environmental. 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.
Operating Income vs Minority Interest
Operating Income vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hunan Airbluer Envir Operating Income account and Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Hunan Airbluer's Operating Income and Minority Interest is -0.52. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Hunan Airbluer Environmental, assuming nothing else is changed. The correlation between historical values of Hunan Airbluer's Operating Income 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 Operating Income of Hunan Airbluer Environmental 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 Operating Income i.e., Hunan Airbluer's Operating Income and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from Hunan Airbluer Envir 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 Hunan Airbluer Environmental 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.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 Hunan Airbluer Environmental whose combined shares represent less than 50% of the total outstanding shares issued by Hunan Airbluer have a minority interest in Hunan Airbluer.Most indicators from Hunan Airbluer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Airbluer Envir 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 Hunan Airbluer Environmental. 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 Tax Provision is expected to grow to about (5.8 M). In addition to that, Selling General Administrative is expected to decline to about 22.2 M
2022 | 2023 | 2024 (projected) | Interest Expense | 4.7M | 4.7M | 3.1M | Interest Income | 5.3M | 9.5M | 9.9M |
Hunan Airbluer fundamental ratios Correlations
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Hunan Airbluer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Hunan Airbluer Envir at a specified time, usually calculated after every quarter, six months, or one year. Hunan Airbluer Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hunan Airbluer 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 Hunan currently owns. An asset can also be divided into two categories, current and non-current.