| 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 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 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.
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
Tonghua Grape Wine Other Operating Expenses account and
Minority Interest. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tonghua Grape's Other Operating Expenses and Minority Interest is 0.38. 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 Tonghua Grape Wine, assuming nothing else is changed. The correlation between historical values of Tonghua Grape'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 Tonghua Grape Wine 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., Tonghua Grape's Other Operating Expenses and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tonghua Grape Wine. It is also known as Tonghua Grape 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 Tonghua Grape Wine whose combined shares represent less than 50% of the total outstanding shares issued by Tonghua Grape have a minority interest in Tonghua Grape.
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
M | 2021 | 2023 | 2024 (projected) |
Other Operating Expenses | 11.7M | 10.5M | 9.8M | Research Development | 751.8K | 930.4K | 706.7K |
Tonghua 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.