Huitong Total Operating Expenses vs Total Revenue Analysis

603176 Stock   5.23  0.14  2.75%   
Huitong Construction financial indicator trend analysis is much more than just examining Huitong Construction latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huitong Construction is a good investment. Please check the relationship between Huitong Construction Total Operating Expenses and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Huitong Construction Group. 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.

Total Operating Expenses vs Total Revenue

Total Operating Expenses vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huitong Construction Total Operating Expenses account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Huitong Construction's Total Operating Expenses and Total Revenue is 0.99. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Huitong Construction Group, assuming nothing else is changed. The correlation between historical values of Huitong Construction's Total Operating Expenses 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 Total Operating Expenses of Huitong Construction Group 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 Total Operating Expenses i.e., Huitong Construction's Total Operating Expenses and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Revenue

Total revenue comprises all receipts Huitong Construction 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 Huitong Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huitong Construction 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 Huitong Construction Group. 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 Tax Provision is expected to grow to about 60.8 M, whereas Selling General Administrative is forecasted to decline to about 27.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense36.8M48.4M73.2M54.5M
Interest Income1.6M2.2M6.8M7.1M

Huitong Construction fundamental ratios Correlations

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Huitong Construction Account Relationship Matchups

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Other Information on Investing in Huitong Stock

Balance Sheet is a snapshot of the financial position of Huitong Construction at a specified time, usually calculated after every quarter, six months, or one year. Huitong Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Huitong Construction 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 Huitong currently owns. An asset can also be divided into two categories, current and non-current.