600406 Stock | | | 25.81 0.66 2.49% |
NARI Technology financial indicator trend analysis is infinitely more than just investigating NARI Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NARI Technology is a good investment. Please check the relationship between NARI Technology Gross Profit and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in NARI Technology Co. 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 Cost Of Revenue
Gross Profit vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NARI Technology Gross Profit account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NARI Technology's Gross Profit and Cost Of Revenue is 0.95. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of NARI Technology Co, assuming nothing else is changed. The correlation between historical values of NARI Technology's Gross Profit and Cost Of Revenue 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 NARI Technology Co are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., NARI Technology's Gross Profit and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of NARI Technology Co minus its cost of goods sold. It is profit before NARI Technology 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.
Cost Of Revenue
Cost of Revenue is found on NARI Technology income statement and represents the costs associated with goods and services NARI Technology provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from NARI Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NARI Technology 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 NARI Technology Co. 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.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 951.4
M. In addition to that,
Tax Provision is expected to decline to about 743.5
MNARI Technology fundamental ratios Correlations
Click cells to compare fundamentals
NARI Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NARI Technology fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in NARI Stock
Balance Sheet is a snapshot of the
financial position of NARI Technology at a specified time, usually calculated after every quarter, six months, or one year. NARI Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NARI Technology 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 NARI currently owns. An asset can also be divided into two categories, current and non-current.