NPI Stock | | | CAD 19.86 0.14 0.70% |
Northland Power financial indicator trend analysis is infinitely more than just investigating Northland Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northland Power is a good investment. Please check the relationship between Northland Power Cost Of Revenue and its Total Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northland Power. 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 Total Revenue
Cost Of Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Northland Power Cost Of Revenue account and
Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Northland Power's Cost Of Revenue and Total Revenue is 0.32. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Northland Power, assuming nothing else is changed. The correlation between historical values of Northland Power's Cost Of Revenue and Total Revenue 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 Northland Power are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., Northland Power's Cost Of Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on Northland Power income statement and represents the costs associated with goods and services Northland Power 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.
Total Revenue
Total revenue comprises all receipts Northland Power generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Northland Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northland Power 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 Northland Power. 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.
At this time, Northland Power's
Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024,
Issuance Of Capital Stock is likely to grow to about 477.2
M, while
Tax Provision is likely to drop about 37.2
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 1.9B | 2.2B | 2.0B | 2.1B | Total Revenue | 2.1B | 2.4B | 2.2B | 2.3B |
Northland Power fundamental ratios Correlations
Click cells to compare fundamentals
Northland Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northland Power fundamental ratios Accounts
Other Information on Investing in Northland Stock
Balance Sheet is a snapshot of the
financial position of Northland Power at a specified time, usually calculated after every quarter, six months, or one year. Northland Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northland Power 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 Northland currently owns. An asset can also be divided into two categories, current and non-current.