Sinosteel Cost Of Revenue vs Total Revenue Analysis
688119 Stock | 4.25 0.05 1.19% |
Sinosteel Luonai financial indicator trend analysis is much more than just breaking down Sinosteel Luonai Mat prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinosteel Luonai Mat is a good investment. Please check the relationship between Sinosteel Luonai Cost Of Revenue and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinosteel Luonai Materials. 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.
Cost Of Revenue vs Total Revenue
Cost Of Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Luonai Mat Cost Of Revenue account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Sinosteel Luonai's Cost Of Revenue and Total Revenue is 0.99. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sinosteel Luonai Materials, assuming nothing else is changed. The correlation between historical values of Sinosteel Luonai's Cost Of Revenue 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 Cost Of Revenue of Sinosteel Luonai Materials 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 Cost Of Revenue i.e., Sinosteel Luonai's Cost Of Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Sinosteel Luonai Mat income statement and represents the costs associated with goods and services Sinosteel Luonai 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.Total Revenue
Total revenue comprises all receipts Sinosteel Luonai Mat 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 Sinosteel Luonai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinosteel Luonai Mat 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 Sinosteel Luonai Materials. 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. The current year's Tax Provision is expected to grow to about 7.2 M, whereas Selling General Administrative is forecasted to decline to about 97.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 24.1M | 35.1M | 37.9M | 34.5M | Interest Income | 7.0M | 25.3M | 23.6M | 17.0M |
Sinosteel Luonai fundamental ratios Correlations
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Sinosteel Luonai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Sinosteel Stock
Balance Sheet is a snapshot of the financial position of Sinosteel Luonai Mat at a specified time, usually calculated after every quarter, six months, or one year. Sinosteel Luonai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinosteel Luonai 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 Sinosteel currently owns. An asset can also be divided into two categories, current and non-current.