600000 Stock | | | 9.46 0.02 0.21% |
Shanghai Pudong financial indicator trend analysis is much more than just breaking down Shanghai Pudong Deve prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Pudong Deve is a good investment. Please check the relationship between Shanghai Pudong Total Operating Expenses and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Pudong Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Operating Expenses vs Gross Profit
Total Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Pudong Deve Total Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanghai Pudong's Total Operating Expenses and Gross Profit is 0.87. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Shanghai Pudong Development, assuming nothing else is changed. The correlation between historical values of Shanghai Pudong's Total Operating Expenses and Gross Profit 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 Shanghai Pudong Development are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Operating Expenses i.e., Shanghai Pudong's Total Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shanghai Pudong Development minus its cost of goods sold. It is profit before Shanghai Pudong operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Shanghai Pudong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Pudong Deve 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 Shanghai Pudong Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 15
B. In addition to that,
Tax Provision is expected to decline to about 3.1
BShanghai Pudong fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Pudong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Pudong fundamental ratios Accounts
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Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Pudong Deve at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Pudong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Pudong 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.