| SLI Stock | | | 2.32 0.21 8.30% |
Standard Lithium financial indicator trend analysis is much more than just breaking down Standard Lithium prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Standard Lithium is a good investment. Please check the relationship between Standard Lithium Gross Profit and its Other Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Lithium. 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.
For more information on how to buy Standard Stock please use our
How to Invest in Standard Lithium guide.
Gross Profit vs Other Operating Expenses
Gross Profit vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Standard Lithium Gross Profit account and
Other Operating Expenses. At this time, the significance of the direction appears to have no relationship.
The correlation between Standard Lithium's Gross Profit and Other Operating Expenses is 0.07. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Standard Lithium, assuming nothing else is changed. The correlation between historical values of Standard Lithium's Gross Profit and Other 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 Gross Profit of Standard Lithium are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Gross Profit i.e., Standard Lithium's Gross Profit and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.07 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Standard Lithium minus its cost of goods sold. It is profit before Standard Lithium operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Standard Lithium. It is also known as Standard Lithium overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Standard Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Standard Lithium 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 Standard Lithium. 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.
For more information on how to buy Standard Stock please use our
How to Invest in Standard Lithium guide.
Tax Provision is likely to climb to about 26.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 18.2
M in 2024.
Standard Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Standard Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Standard Lithium fundamental ratios Accounts
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Additional Tools for Standard Stock Analysis
When running Standard Lithium's price analysis, check to
measure Standard Lithium'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 Standard Lithium is operating at the current time. Most of Standard Lithium's value examination focuses on studying past and present price action to
predict the probability of Standard Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard Lithium's price. Additionally, you may evaluate how the addition of Standard Lithium to your portfolios can decrease your overall portfolio volatility.