600309 Stock | | | 68.06 0.32 0.47% |
Wanhua Chemical financial indicator trend analysis is more than just analyzing Wanhua Chemical Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wanhua Chemical Group is a good investment. Please check the relationship between Wanhua Chemical Gross Profit and its Net Income From Continuing Ops accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Wanhua Chemical Group. 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.
Gross Profit vs Net Income From Continuing Ops
Gross Profit vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wanhua Chemical Group Gross Profit account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have totally related.
The correlation between Wanhua Chemical's Gross Profit and Net Income From Continuing Ops is 1.0. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Wanhua Chemical Group, assuming nothing else is changed. The correlation between historical values of Wanhua Chemical's Gross Profit and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Wanhua Chemical Group are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Gross Profit i.e., Wanhua Chemical's Gross Profit and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Wanhua Chemical Group minus its cost of goods sold. It is profit before Wanhua Chemical 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.
Net Income From Continuing Ops
Most indicators from Wanhua Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wanhua Chemical Group 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 Wanhua Chemical Group. 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.
The current year's
Selling General Administrative is expected to grow to about 3.5
B. The current year's
Tax Provision is expected to grow to about 2.6
BWanhua Chemical fundamental ratios Correlations
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Wanhua Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wanhua Chemical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Wanhua Stock
Balance Sheet is a snapshot of the
financial position of Wanhua Chemical Group at a specified time, usually calculated after every quarter, six months, or one year. Wanhua Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wanhua Chemical 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 Wanhua currently owns. An asset can also be divided into two categories, current and non-current.