600363 Stock | | | 44.40 1.41 3.08% |
Jiangxi Lianchuang financial indicator trend analysis is infinitely more than just investigating Jiangxi Lianchuang Opto recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangxi Lianchuang Opto is a good investment. Please check the relationship between Jiangxi Lianchuang Net Income and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi Lianchuang Opto electronic. 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.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiangxi Lianchuang Opto Net Income account and
Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jiangxi Lianchuang's Net Income and Operating Income is 0.58. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Jiangxi Lianchuang Opto electronic, assuming nothing else is changed. The correlation between historical values of Jiangxi Lianchuang's Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Jiangxi Lianchuang Opto electronic are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Jiangxi Lianchuang's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Jiangxi Lianchuang Opto financial statement analysis. It represents the amount of money remaining after all of Jiangxi Lianchuang Opto electronic operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Operating Income
Operating Income is the amount of profit realized from Jiangxi Lianchuang Opto 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 Jiangxi Lianchuang Opto electronic 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.
Most indicators from Jiangxi Lianchuang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Lianchuang Opto 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 Jiangxi Lianchuang Opto electronic. 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
Selling General Administrative is expected to grow to about 133.7
M, whereas
Tax Provision is forecasted to decline to about 4.4
M.
Jiangxi Lianchuang fundamental ratios Correlations
Click cells to compare fundamentals
Jiangxi Lianchuang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiangxi Lianchuang fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangxi Stock
Balance Sheet is a snapshot of the
financial position of Jiangxi Lianchuang Opto at a specified time, usually calculated after every quarter, six months, or one year. Jiangxi Lianchuang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangxi Lianchuang 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 Jiangxi currently owns. An asset can also be divided into two categories, current and non-current.