| NCTY Stock | | | USD 10.98 0.69 6.71% |
The9 financial indicator trend analysis is much more than just breaking down The9 Ltd ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The9 Ltd ADR is a good investment. Please check the relationship between The9 Cost Of Revenue and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The9 Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Cost Of Revenue vs Operating Income
Cost Of Revenue vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
The9 Ltd ADR Cost Of Revenue account and
Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between The9's Cost Of Revenue and Operating Income is -0.64. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of The9 Ltd ADR, assuming nothing else is changed. The correlation between historical values of The9's Cost Of Revenue and Operating Income 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 The9 Ltd ADR are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Cost Of Revenue i.e., The9's Cost Of Revenue and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on The9 Ltd ADR income statement and represents the costs associated with goods and services The9 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.
Operating Income
Operating Income is the amount of profit realized from The9 Ltd ADR 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 The9 Ltd ADR 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.
Most indicators from The9's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into The9 Ltd ADR 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The9 Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Selling General Administrative is likely to drop to about 166.1
M in 2024.
Issuance Of Capital Stock is expected to grow at the current pace this year
The9 fundamental ratios Correlations
Click cells to compare fundamentals
The9 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
The9 fundamental ratios Accounts
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Additional Tools for The9 Stock Analysis
When running The9's price analysis, check to
measure The9's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to
predict the probability of The9's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.