Zhejiang Net Interest Income vs Cost Of Revenue Analysis
688203 Stock | 10.49 0.21 2.04% |
Zhejiang HISUN financial indicator trend analysis is more than just analyzing Zhejiang HISUN Bioma current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang HISUN Bioma is a good investment. Please check the relationship between Zhejiang HISUN Net Interest Income and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang HISUN Biomaterials. 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.
Net Interest Income vs Cost Of Revenue
Net Interest Income vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang HISUN Bioma Net Interest Income account and Cost Of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zhejiang HISUN's Net Interest Income and Cost Of Revenue is 0.81. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Zhejiang HISUN Biomaterials, assuming nothing else is changed. The correlation between historical values of Zhejiang HISUN's Net Interest Income and Cost Of 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 Net Interest Income of Zhejiang HISUN Biomaterials are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Interest Income i.e., Zhejiang HISUN's Net Interest Income and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Cost Of Revenue
Cost of Revenue is found on Zhejiang HISUN Bioma income statement and represents the costs associated with goods and services Zhejiang HISUN 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.Most indicators from Zhejiang HISUN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang HISUN Bioma 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 Zhejiang HISUN Biomaterials. 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 November 30, 2024, Tax Provision is expected to decline to about 6.5 M. In addition to that, Selling General Administrative is expected to decline to about 14.3 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 10.8M | 9.6M | 7.5M | 9.6M | Interest Income | 3.5M | 10.6M | 19.9M | 20.9M |
Zhejiang HISUN fundamental ratios Correlations
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Zhejiang HISUN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the financial position of Zhejiang HISUN Bioma at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang HISUN Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang HISUN 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.