| 600338 Stock | | | 11.70 0.27 2.26% |
Tibet Summit financial indicator trend analysis is much more than just breaking down Tibet Summit Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tibet Summit Resources is a good investment. Please check the relationship between Tibet Summit Other Operating Expenses and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tibet Summit Resources. 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.
Other Operating Expenses vs Minority Interest
Other Operating Expenses vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tibet Summit Resources Other Operating Expenses account and
Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tibet Summit's Other Operating Expenses and Minority Interest is -0.12. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Tibet Summit Resources, assuming nothing else is changed. The correlation between historical values of Tibet Summit's Other Operating Expenses 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 Other Operating Expenses of Tibet Summit Resources 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 Other Operating Expenses i.e., Tibet Summit's Other Operating Expenses and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.12 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tibet Summit Resources. It is also known as Tibet Summit 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.
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 Tibet Summit Resources whose combined shares represent less than 50% of the total outstanding shares issued by Tibet Summit have a minority interest in Tibet Summit.
Most indicators from Tibet Summit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tibet Summit Resources 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 Tibet Summit Resources. 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 29, 2024,
Selling General Administrative is expected to decline to about 127.2
M. In addition to that,
Tax Provision is expected to decline to about 13.8
MTibet Summit fundamental ratios Correlations
Click cells to compare fundamentals
Tibet Summit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tibet Summit fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Tibet Stock
Balance Sheet is a snapshot of the
financial position of Tibet Summit Resources at a specified time, usually calculated after every quarter, six months, or one year. Tibet Summit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tibet Summit 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 Tibet currently owns. An asset can also be divided into two categories, current and non-current.