601088 Stock | | | 38.65 0.30 0.78% |
China Shenhua financial indicator trend analysis is way more than just evaluating China Shenhua Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Shenhua Energy is a good investment. Please check the relationship between China Shenhua Ebitda and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Shenhua Energy. 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.
Ebitda vs Operating Income
Ebitda vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Shenhua Energy Ebitda account and
Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Shenhua's Ebitda and Operating Income is 0.58. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Operating Income in the same time period over historical financial statements of China Shenhua Energy, assuming nothing else is changed. The correlation between historical values of China Shenhua's Ebitda 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 Ebitda of China Shenhua Energy 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 Ebitda i.e., China Shenhua's Ebitda and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Ebitda
Operating Income
Operating Income is the amount of profit realized from China Shenhua Energy 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 China Shenhua Energy 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 China Shenhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Shenhua Energy 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 China Shenhua Energy. 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 2.6
B. The current year's
Tax Provision is expected to grow to about 17
BChina Shenhua fundamental ratios Correlations
Click cells to compare fundamentals
China Shenhua Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Shenhua fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Shenhua Energy at a specified time, usually calculated after every quarter, six months, or one year. China Shenhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Shenhua 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 China currently owns. An asset can also be divided into two categories, current and non-current.