| 002273 Stock | | | 20.70 0.16 0.77% |
Zhejiang Crystal financial indicator trend analysis is more than just analyzing Zhejiang Crystal Optech current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Crystal Optech is a good investment. Please check the relationship between Zhejiang Crystal Reconciled Depreciation and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Crystal Optech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Reconciled Depreciation vs Cost Of Revenue
Reconciled Depreciation vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Crystal Optech Reconciled Depreciation account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhejiang Crystal's Reconciled Depreciation and Cost Of Revenue is 0.91. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Zhejiang Crystal Optech, assuming nothing else is changed. The correlation between historical values of Zhejiang Crystal's Reconciled Depreciation and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Zhejiang Crystal Optech are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Reconciled Depreciation i.e., Zhejiang Crystal's Reconciled Depreciation and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Reconciled Depreciation
Cost Of Revenue
Cost of Revenue is found on Zhejiang Crystal Optech income statement and represents the costs associated with goods and services Zhejiang Crystal 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.
Most indicators from Zhejiang Crystal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Crystal Optech 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 Zhejiang Crystal Optech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 284.2
M, whereas
Tax Provision is forecasted to decline to about 36.5
M.
Zhejiang Crystal fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Crystal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Crystal fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Crystal Optech at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Crystal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Crystal 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.