YXTCOM Research Development vs Gross Profit Analysis
YXT Stock | 2.59 0.35 11.90% |
YXTCOM GROUP financial indicator trend analysis is more than just analyzing YXTCOM GROUP HOLDING current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YXTCOM GROUP HOLDING is a good investment. Please check the relationship between YXTCOM GROUP Research Development and its Gross Profit accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YXTCOM GROUP HOLDING. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Research Development vs Gross Profit
Research Development vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YXTCOM GROUP HOLDING Research Development account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between YXTCOM GROUP's Research Development and Gross Profit is 0.91. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Gross Profit in the same time period over historical financial statements of YXTCOM GROUP HOLDING, assuming nothing else is changed. The correlation between historical values of YXTCOM GROUP's Research Development and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of YXTCOM GROUP HOLDING are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Research Development i.e., YXTCOM GROUP's Research Development and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Research Development
Gross Profit
Gross profit is a required income statement account that reflects total revenue of YXTCOM GROUP HOLDING minus its cost of goods sold. It is profit before YXTCOM GROUP 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.Most indicators from YXTCOM GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YXTCOM GROUP HOLDING 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 YXTCOM GROUP HOLDING. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. Selling General Administrative is likely to gain to about 463.6 M in 2024, despite the fact that Tax Provision is likely to grow to (9.4 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 200.6M | 232.7M | 229.5M | 222.9M | Total Revenue | 361.0M | 430.6M | 424.0M | 399.2M |
YXTCOM GROUP fundamental ratios Correlations
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YXTCOM GROUP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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