601398 Stock | | | 6.19 0.01 0.16% |
Industrial financial indicator trend analysis is infinitely more than just investigating Industrial and Commercial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Industrial and Commercial is a good investment. Please check the relationship between Industrial Property Plant Equipment and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Industrial and Commercial. 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.
Property Plant Equipment vs Total Revenue
Property Plant Equipment vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Industrial and Commercial Property Plant Equipment account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Industrial's Property Plant Equipment and Total Revenue is 0.91. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Industrial and Commercial, assuming nothing else is changed. The correlation between historical values of Industrial's Property Plant Equipment 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 Property Plant Equipment of Industrial and Commercial 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 Property Plant Equipment i.e., Industrial's Property Plant Equipment and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Total Revenue
Total revenue comprises all receipts Industrial and Commercial 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 Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Industrial and Commercial 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 Industrial and Commercial. 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 146.5
B. The current year's
Tax Provision is expected to grow to about 58.1
B | 2023 | 2024 (projected) |
Gross Profit | 686.6B | 649.0B | Total Revenue | 838.0B | 877.0B |
Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Industrial fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Industrial Stock
Balance Sheet is a snapshot of the
financial position of Industrial and Commercial at a specified time, usually calculated after every quarter, six months, or one year. Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Industrial 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 Industrial currently owns. An asset can also be divided into two categories, current and non-current.