| 688309 Stock | | | 14.04 0.76 5.14% |
Niutech Environment financial indicator trend analysis is infinitely more than just investigating Niutech Environment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Niutech Environment is a good investment. Please check the relationship between Niutech Environment Cost Of Revenue and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Niutech Environment Technology. 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 Tax Provision
Cost Of Revenue vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Niutech Environment Cost Of Revenue account and
Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Niutech Environment's Cost Of Revenue and Tax Provision is 0.81. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Niutech Environment Technology, assuming nothing else is changed. The correlation between historical values of Niutech Environment's Cost Of Revenue and Tax Provision 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 Niutech Environment Technology are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Cost Of Revenue i.e., Niutech Environment's Cost Of Revenue and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cost Of Revenue
Cost of Revenue is found on Niutech Environment income statement and represents the costs associated with goods and services Niutech Environment 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.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Niutech Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Niutech Environment 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 Niutech Environment Technology. 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 24, 2024, Tax Provision is expected to decline to about 1.8
M. In addition to that,
Selling General Administrative is expected to decline to about 13.7
MNiutech Environment fundamental ratios Correlations
Click cells to compare fundamentals
Niutech Environment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Niutech Environment fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Niutech Stock
Balance Sheet is a snapshot of the
financial position of Niutech Environment at a specified time, usually calculated after every quarter, six months, or one year. Niutech Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Niutech Environment 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 Niutech currently owns. An asset can also be divided into two categories, current and non-current.