Holitech Operating Income vs Total Other Income Expense Net Analysis
002217 Stock | 2.17 0.03 1.36% |
Holitech Technology financial indicator trend analysis is much more than just examining Holitech Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Holitech Technology is a good investment. Please check the relationship between Holitech Technology Operating Income and its Total Other Income Expense Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Holitech Technology Co. 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.
Operating Income vs Total Other Income Expense Net
Operating Income vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Holitech Technology Operating Income account and Total Other Income Expense Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Holitech Technology's Operating Income and Total Other Income Expense Net is -0.14. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Holitech Technology Co, assuming nothing else is changed. The correlation between historical values of Holitech Technology's Operating Income and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Holitech Technology Co are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Operating Income i.e., Holitech Technology's Operating Income and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Holitech Technology operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Holitech Technology Co is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Other Income Expense Net
Most indicators from Holitech Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Holitech Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Holitech Technology Co. 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. The current year's Selling General Administrative is expected to grow to about 453.8 M. The current year's Tax Provision is expected to grow to about 1.8 B
Holitech Technology fundamental ratios Correlations
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Holitech Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Holitech Technology fundamental ratios Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Total Assets | 30.4B | 29.3B | 23.3B | 7.6B | 8.8B | 11.7B | |
Short Long Term Debt Total | 9.8B | 11.3B | 10.9B | 7.2B | 8.3B | 8.7B | |
Other Current Liab | 1.7B | 345.0M | 398.0M | 73.9M | 85.0M | 80.7M | |
Total Current Liabilities | 16.4B | 15.2B | 13.8B | 12.3B | 14.1B | 14.9B | |
Total Stockholder Equity | 8.9B | 8.9B | 5.5B | (6.5B) | (7.5B) | (7.1B) | |
Property Plant And Equipment Net | 5.8B | 5.3B | 4.8B | 3.5B | 4.0B | 2.6B | |
Current Deferred Revenue | 789.2M | 683.6M | 44.3M | 2.7B | 3.1B | 3.2B | |
Net Debt | 7.2B | 8.1B | 8.5B | 6.5B | 7.5B | 7.9B | |
Retained Earnings | 928.9M | 989.2M | (2.5B) | (14.5B) | (13.0B) | (12.4B) | |
Accounts Payable | 6.3B | 5.2B | 4.1B | 2.9B | 3.3B | 2.4B | |
Cash | 2.6B | 3.2B | 2.3B | 706.5M | 812.5M | 1.4B | |
Non Current Assets Total | 10.9B | 10.6B | 10.5B | 4.5B | 5.1B | 4.5B | |
Non Currrent Assets Other | 1.3B | 533.1M | 898.0M | 28.4M | 32.7M | 31.0M | |
Other Assets | 1.1B | 1.0 | 2.3B | 2.4B | 1.15 | 1.09 | |
Cash And Short Term Investments | 2.6B | 3.2B | 2.3B | 706.5M | 812.5M | 1.4B | |
Net Receivables | 7.5B | 6.2B | 3.4B | 809.3M | 930.7M | 884.2M | |
Liabilities And Stockholders Equity | 30.4B | 29.3B | 23.3B | 7.6B | 8.8B | 11.7B | |
Inventory | 6.5B | 6.7B | 5.3B | 736.7M | 847.2M | 804.9M | |
Other Current Assets | 2.9B | 2.6B | 1.7B | 932.3M | 1.1B | 778.7M | |
Total Liab | 19.9B | 18.8B | 16.7B | 13.7B | 15.8B | 16.6B | |
Total Current Assets | 19.5B | 18.7B | 12.8B | 3.2B | 3.7B | 7.1B | |
Short Term Debt | 7.6B | 9.0B | 9.3B | 6.7B | 7.7B | 8.1B | |
Intangible Assets | 899.9M | 974.0M | 1.2B | 241.2M | 277.4M | 352.6M | |
Property Plant Equipment | 6.2B | 5.8B | 5.3B | 4.8B | 5.5B | 5.8B | |
Short Term Investments | 7.5M | (635.4M) | 50M | (299.2M) | (269.3M) | (282.8M) | |
Other Liab | 377.4M | 374.8M | 302.1M | 259.0M | 297.8M | 153.6M | |
Long Term Debt | 2.2B | 2.2B | 1.5B | 466.5M | 536.5M | 1.0B | |
Non Current Liabilities Total | 3.6B | 3.6B | 2.9B | 1.4B | 1.7B | 1.3B | |
Net Tangible Assets | 9.3B | 6.2B | 6.3B | 2.9B | 2.6B | 5.0B | |
Good Will | 2.3B | 2.0B | 1.9B | 1.7B | 1.5B | 1.7B | |
Deferred Long Term Liab | 1.0B | 949.5M | 878.0M | 849.9M | 977.4M | 650.2M | |
Short Long Term Debt | 6.3B | 7.2B | 6.6B | 3.9B | 4.5B | 5.1B | |
Non Current Liabilities Other | 1.1B | 357.5M | 8.8M | 23.2M | 20.9M | 19.8M | |
Net Invested Capital | 17.3B | 18.3B | 13.6B | (2.1B) | (1.9B) | (1.8B) | |
Net Working Capital | 3.1B | 3.5B | (1.0B) | (9.1B) | (8.2B) | (7.8B) | |
Property Plant And Equipment Gross | 8.7B | 8.1B | 4.8B | 8.2B | 7.3B | 6.1B | |
Accumulated Other Comprehensive Income | 363.3M | 384.7M | 397.3M | 8.2M | 7.4M | 7.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Holitech Stock
Balance Sheet is a snapshot of the financial position of Holitech Technology at a specified time, usually calculated after every quarter, six months, or one year. Holitech Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Holitech Technology 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 Holitech currently owns. An asset can also be divided into two categories, current and non-current.