SAIL Stock | | | 114.09 1.26 1.12% |
Steel Authority financial indicator trend analysis is much more than just breaking down Steel Authority prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steel Authority is a good investment. Please check the relationship between Steel Authority Cost Of Revenue and its Total Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Authority of. 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 Operating Expenses
Cost Of Revenue vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Steel Authority Cost Of Revenue account and
Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Steel Authority's Cost Of Revenue and Total Operating Expenses is 0.77. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Steel Authority of, assuming nothing else is changed. The correlation between historical values of Steel Authority's Cost Of Revenue and Total 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 Cost Of Revenue of Steel Authority of are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Cost Of Revenue i.e., Steel Authority's Cost Of Revenue and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on Steel Authority income statement and represents the costs associated with goods and services Steel Authority 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 Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Steel Authority's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steel Authority 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Authority of. 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.
Selling General Administrative is likely to drop to about 1.4
B in 2024.
Tax Provision is likely to drop to about 7.4
B in 2024
Steel Authority fundamental ratios Correlations
Click cells to compare fundamentals
Steel Authority Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Steel Authority fundamental ratios Accounts
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Additional Tools for Steel Stock Analysis
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measure Steel Authority'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 Steel Authority is operating at the current time. Most of Steel Authority's value examination focuses on studying past and present price action to
predict the probability of Steel Authority's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Authority's price. Additionally, you may evaluate how the addition of Steel Authority to your portfolios can decrease your overall portfolio volatility.