600477 Stock | | | 2.70 0.03 1.10% |
Hang Xiao financial indicator trend analysis is much more than just examining Hang Xiao Steel latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hang Xiao Steel is a good investment. Please check the relationship between Hang Xiao Cost Of Revenue and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hang Xiao Steel. 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.
Cost Of Revenue vs Total Revenue
Cost Of Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hang Xiao Steel Cost Of Revenue account and
Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Hang Xiao's Cost Of Revenue and Total Revenue is 1.0. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Hang Xiao Steel, assuming nothing else is changed. The correlation between historical values of Hang Xiao's Cost Of Revenue and Total 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 Cost Of Revenue of Hang Xiao Steel are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., Hang Xiao's Cost Of Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Hang Xiao Steel income statement and represents the costs associated with goods and services Hang Xiao 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.
Total Revenue
Total revenue comprises all receipts Hang Xiao Steel generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Hang Xiao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hang Xiao Steel 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 Hang Xiao Steel. 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 26, 2024,
Selling General Administrative is expected to decline to about 238.3
M. In addition to that,
Tax Provision is expected to decline to about 14.6
M | 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 482.4M | 520.4M | 692.0M | 376.2M | Total Revenue | 9.6B | 9.9B | 10.8B | 11.4B |
Hang Xiao fundamental ratios Correlations
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Hang Xiao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hang Xiao fundamental ratios Accounts
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Other Information on Investing in Hang Stock
Balance Sheet is a snapshot of the
financial position of Hang Xiao Steel at a specified time, usually calculated after every quarter, six months, or one year. Hang Xiao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hang Xiao 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 Hang currently owns. An asset can also be divided into two categories, current and non-current.