Xinya Cost Of Revenue vs Reconciled Depreciation Analysis

605277 Stock   15.00  0.17  1.12%   
Xinya Electronic financial indicator trend analysis is more than just analyzing Xinya Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinya Electronic is a good investment. Please check the relationship between Xinya Electronic Cost Of Revenue and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinya Electronic Co. 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 Reconciled Depreciation

Cost Of Revenue vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinya Electronic Cost Of Revenue account and Reconciled Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xinya Electronic's Cost Of Revenue and Reconciled Depreciation is 0.85. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Xinya Electronic Co, assuming nothing else is changed. The correlation between historical values of Xinya Electronic's Cost Of Revenue and Reconciled Depreciation 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 Xinya Electronic Co are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Cost Of Revenue i.e., Xinya Electronic's Cost Of Revenue and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Cost Of Revenue

Cost of Revenue is found on Xinya Electronic income statement and represents the costs associated with goods and services Xinya Electronic 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.

Reconciled Depreciation

Most indicators from Xinya Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinya Electronic 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 Xinya Electronic Co. 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 28 M, whereas Selling General Administrative is forecasted to decline to about 75.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense110.8K7.0M24.7M25.9M
Interest Income1.7M3.3M2.4M1.7M

Xinya Electronic fundamental ratios Correlations

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0.960.661.00.770.830.980.110.990.730.740.980.640.920.990.720.920.780.880.940.271.00.990.99-0.53-0.27
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0.970.750.990.830.880.990.121.00.70.790.990.70.951.00.790.990.950.850.920.960.350.991.0-0.61-0.37
-0.57-0.5-0.53-0.54-0.58-0.59-0.13-0.53-0.2-0.49-0.56-0.53-0.79-0.55-0.94-0.53-0.56-0.4-0.57-0.64-0.36-0.54-0.6-0.610.91
-0.33-0.3-0.28-0.37-0.36-0.3-0.11-0.29-0.2-0.31-0.32-0.39-0.61-0.31-0.74-0.27-0.35-0.23-0.36-0.36-0.32-0.3-0.36-0.370.91
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Other Information on Investing in Xinya Stock

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