603109 Stock | | | 16.34 0.08 0.49% |
Senci Electric financial indicator trend analysis is much more than just breaking down Senci Electric Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Senci Electric Machinery is a good investment. Please check the relationship between Senci Electric Gross Profit and its Total Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Senci Electric Machinery. 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 Total Operating Expenses
Gross Profit vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Senci Electric Machinery Gross Profit account and
Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Senci Electric's Gross Profit and Total Operating Expenses is 0.98. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Senci Electric Machinery, assuming nothing else is changed. The correlation between historical values of Senci Electric's Gross Profit and Total Operating Expenses 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 Senci Electric Machinery are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Senci Electric's Gross Profit and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Senci Electric Machinery minus its cost of goods sold. It is profit before Senci Electric 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.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Senci Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Senci Electric Machinery 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 Senci Electric Machinery. 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 December 11, 2024,
Tax Provision is expected to decline to about 25.8
M. In addition to that,
Selling General Administrative is expected to decline to about 177.2
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 529.0M | 627.7M | 718.5M | 461.9M | Total Revenue | 2.4B | 2.7B | 2.7B | 1.9B |
Senci Electric fundamental ratios Correlations
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Senci Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Senci Electric fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Senci Stock
Balance Sheet is a snapshot of the
financial position of Senci Electric Machinery at a specified time, usually calculated after every quarter, six months, or one year. Senci Electric Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Senci Electric 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 Senci currently owns. An asset can also be divided into two categories, current and non-current.