| 600365 Stock | | | 2.91 0.07 2.46% |
Tonghua Grape financial indicator trend analysis is much more than just breaking down Tonghua Grape Wine prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tonghua Grape Wine is a good investment. Please check the relationship between Tonghua Grape Net Income and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tonghua Grape Wine. 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 Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tonghua Grape Wine Net Income account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tonghua Grape's Net Income and Gross Profit is -0.37. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Tonghua Grape Wine, assuming nothing else is changed. The correlation between historical values of Tonghua Grape's Net Income 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 Net Income of Tonghua Grape Wine 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 Net Income i.e., Tonghua Grape's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Tonghua Grape Wine financial statement analysis. It represents the amount of money remaining after all of Tonghua Grape Wine operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Tonghua Grape Wine minus its cost of goods sold. It is profit before Tonghua Grape 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 Tonghua Grape's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tonghua Grape Wine 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 Tonghua Grape Wine. 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 59.7
M. The current year's
Tax Provision is expected to grow to about 9.8
MTonghua Grape fundamental ratios Correlations
Click cells to compare fundamentals
Tonghua Grape Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tonghua Grape fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Tonghua Stock
Balance Sheet is a snapshot of the
financial position of Tonghua Grape Wine at a specified time, usually calculated after every quarter, six months, or one year. Tonghua Grape Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tonghua Grape 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 Tonghua currently owns. An asset can also be divided into two categories, current and non-current.