HRN Stock | | | 25.00 3.00 13.64% |
Hornby PLC financial indicator trend analysis is much more than just examining Hornby PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hornby PLC is a good investment. Please check the relationship between Hornby PLC Cost Of Revenue and its Selling General Administrative accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hornby PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Cost Of Revenue vs Selling General Administrative
Cost Of Revenue vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hornby PLC Cost Of Revenue account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hornby PLC's Cost Of Revenue and Selling General Administrative is 0.69. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Hornby PLC, assuming nothing else is changed. The correlation between historical values of Hornby PLC's Cost Of Revenue and Selling General Administrative 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 Hornby PLC are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Cost Of Revenue i.e., Hornby PLC's Cost Of Revenue and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on Hornby PLC income statement and represents the costs associated with goods and services Hornby PLC 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.
Selling General Administrative
Most indicators from Hornby PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hornby PLC 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hornby PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Tax Provision is expected to grow to about 3.5
M, whereas Selling General Administrative is forecasted to decline to about 6.3
M.
Hornby PLC fundamental ratios Correlations
Click cells to compare fundamentals
Hornby PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hornby PLC fundamental ratios Accounts
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Other Information on Investing in Hornby Stock
Balance Sheet is a snapshot of the
financial position of Hornby PLC at a specified time, usually calculated after every quarter, six months, or one year. Hornby PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hornby PLC 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 Hornby currently owns. An asset can also be divided into two categories, current and non-current.