| 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 Net Income and its Other Operating Expenses 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.
Net Income vs Other Operating Expenses
Net Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Niutech Environment Net Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Niutech Environment's Net Income and Other Operating Expenses is -0.05. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses 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 Net Income and Other 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 Net Income of Niutech Environment Technology are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income i.e., Niutech Environment's Net Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.05 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Niutech Environment financial statement analysis. It represents the amount of money remaining after all of Niutech Environment Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Niutech Environment. It is also known as Niutech Environment overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
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
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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.