Sinosteel Selling General Administrative vs Total Operating Expenses Analysis

688119 Stock   4.14  0.06  1.43%   
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 Selling General Administrative and its Total Operating Expenses 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.

Selling General Administrative vs Total Operating Expenses

Selling General Administrative vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Luonai Mat Selling General Administrative account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sinosteel Luonai's Selling General Administrative and Total Operating Expenses is 0.68. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Operating Expenses 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 Selling General Administrative 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 Selling General Administrative of Sinosteel Luonai Materials 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 Selling General Administrative i.e., Sinosteel Luonai's Selling General Administrative and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Selling General Administrative

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 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 Expense24.1M35.1M37.9M34.5M
Interest Income7.0M25.3M23.6M17.0M

Sinosteel Luonai fundamental ratios Correlations

-0.610.76-0.6-0.61-0.65-0.53-0.6-0.55-0.67-0.58-0.29-0.69-0.690.12-0.250.75-0.62-0.37-0.57-0.59-0.69-0.56-0.57-0.69-0.53
-0.61-0.890.980.990.940.980.980.980.940.340.780.930.910.660.64-0.970.990.520.970.990.940.970.990.910.96
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-0.60.98-0.80.950.960.990.990.910.970.490.770.860.840.670.62-0.930.990.680.990.950.950.90.950.840.88
-0.610.99-0.930.950.930.960.970.980.930.310.720.970.950.610.57-0.980.970.460.931.00.940.990.990.950.96
-0.650.94-0.830.960.930.970.980.851.00.620.560.90.90.480.38-0.920.970.730.90.911.00.890.890.90.81
-0.530.98-0.820.990.960.971.00.920.970.460.710.890.880.670.54-0.920.990.660.960.960.970.930.950.880.89
-0.60.98-0.840.990.970.981.00.930.980.480.720.90.890.630.55-0.941.00.660.970.960.970.930.960.890.89
-0.550.98-0.910.910.980.850.920.930.860.150.80.940.910.690.69-0.960.940.340.930.990.870.990.990.911.0
-0.670.94-0.830.970.931.00.970.980.860.630.580.890.890.480.4-0.920.980.730.910.921.00.880.90.890.81
-0.580.34-0.260.490.310.620.460.480.150.63-0.060.310.34-0.15-0.21-0.360.460.890.380.270.610.210.230.340.06
-0.290.78-0.540.770.720.560.710.720.80.58-0.060.560.50.880.97-0.70.740.270.860.760.560.690.830.50.82
-0.690.93-0.980.860.970.90.890.90.940.890.310.561.00.410.42-0.970.910.360.820.960.920.970.921.00.92
-0.690.91-0.980.840.950.90.880.890.910.890.340.51.00.360.36-0.950.890.370.790.940.920.960.91.00.89
0.120.66-0.320.670.610.480.670.630.690.48-0.150.880.410.360.8-0.50.630.290.740.650.450.60.70.360.69
-0.250.64-0.440.620.570.380.540.550.690.4-0.210.970.420.360.8-0.590.580.080.740.630.380.560.70.360.72
0.75-0.970.96-0.93-0.98-0.92-0.92-0.94-0.96-0.92-0.36-0.7-0.97-0.95-0.5-0.59-0.96-0.44-0.92-0.98-0.93-0.96-0.97-0.95-0.94
-0.620.99-0.860.990.970.970.991.00.940.980.460.740.910.890.630.58-0.960.630.970.970.970.940.970.890.91
-0.370.52-0.260.680.460.730.660.660.340.730.890.270.360.370.290.08-0.440.630.610.440.70.360.430.370.25
-0.570.97-0.780.990.930.90.960.970.930.910.380.860.820.790.740.74-0.920.970.610.940.90.890.960.790.9
-0.590.99-0.920.951.00.910.960.960.990.920.270.760.960.940.650.63-0.980.970.440.940.920.990.990.940.98
-0.690.94-0.860.950.941.00.970.970.871.00.610.560.920.920.450.38-0.930.970.70.90.920.90.90.920.82
-0.560.97-0.940.90.990.890.930.930.990.880.210.690.970.960.60.56-0.960.940.360.890.990.90.970.960.97
-0.570.99-0.890.950.990.890.950.960.990.90.230.830.920.90.70.7-0.970.970.430.960.990.90.970.90.98
-0.690.91-0.980.840.950.90.880.890.910.890.340.51.01.00.360.36-0.950.890.370.790.940.920.960.90.89
-0.530.96-0.90.880.960.810.890.891.00.810.060.820.920.890.690.72-0.940.910.250.90.980.820.970.980.89
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Sinosteel Luonai Account Relationship Matchups

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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.