| WAFU Stock | | | USD 1.60 0.05 3.03% |
Wah Fu financial indicator trend analysis is more than just analyzing Wah Fu Education current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wah Fu Education is a good investment. Please check the relationship between Wah Fu Gross Profit and its Net Income accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wah Fu Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wah Fu Education Gross Profit account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wah Fu's Gross Profit and Net Income is 0.67. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Wah Fu Education, assuming nothing else is changed. The correlation between historical values of Wah Fu's Gross Profit and Net 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 Gross Profit of Wah Fu Education are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., Wah Fu's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Wah Fu Education minus its cost of goods sold. It is profit before Wah Fu 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Wah Fu Education financial statement analysis. It represents the amount of money remaining after all of Wah Fu Education operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Wah Fu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wah Fu Education 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wah Fu Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Wah Fu's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 2.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.23 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 5.5M | 5.7M | 3.0M | 4.2M | Total Revenue | 11.5M | 10.7M | 7.2M | 8.2M |
Wah Fu fundamental ratios Correlations
Click cells to compare fundamentals
Wah Fu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wah Fu fundamental ratios Accounts
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Additional Tools for Wah Stock Analysis
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