Sinocelltech Operating Income vs Minority Interest Analysis
688520 Stock | 39.00 0.62 1.62% |
Sinocelltech financial indicator trend analysis is much more than just breaking down Sinocelltech Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocelltech Group is a good investment. Please check the relationship between Sinocelltech Operating Income and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocelltech Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Operating Income vs Minority Interest
Operating Income vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinocelltech Group Operating Income account and Minority Interest. At this time, the significance of the direction appears to have pay attention.
The correlation between Sinocelltech's Operating Income and Minority Interest is -0.81. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Sinocelltech Group, assuming nothing else is changed. The correlation between historical values of Sinocelltech's Operating Income and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Sinocelltech Group are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Operating Income i.e., Sinocelltech's Operating Income and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.81 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Sinocelltech Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Sinocelltech Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Sinocelltech Group whose combined shares represent less than 50% of the total outstanding shares issued by Sinocelltech have a minority interest in Sinocelltech.Most indicators from Sinocelltech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocelltech Group 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 Sinocelltech Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Selling General Administrative is expected to grow to about 487.3 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 33.7M | 84.5M | 111.5M | 56.9M | Interest Income | 4.7M | 3.6M | 7.0M | 4.2M |
Sinocelltech fundamental ratios Correlations
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Sinocelltech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Sinocelltech Stock
Balance Sheet is a snapshot of the financial position of Sinocelltech Group at a specified time, usually calculated after every quarter, six months, or one year. Sinocelltech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinocelltech 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 Sinocelltech currently owns. An asset can also be divided into two categories, current and non-current.