002353 Stock | | | 36.42 0.57 1.59% |
Yantai Jereh financial indicator trend analysis is more than just analyzing Yantai Jereh Oilfield current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yantai Jereh Oilfield is a good investment. Please check the relationship between Yantai Jereh Ebitda and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yantai Jereh Oilfield. 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.
Ebitda vs Cost Of Revenue
Ebitda vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yantai Jereh Oilfield Ebitda account and
Cost Of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Yantai Jereh's Ebitda and Cost Of Revenue is 0.89. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Yantai Jereh Oilfield, assuming nothing else is changed. The correlation between historical values of Yantai Jereh's Ebitda 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 Ebitda of Yantai Jereh Oilfield 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 Ebitda i.e., Yantai Jereh's Ebitda and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Ebitda
Cost Of Revenue
Cost of Revenue is found on Yantai Jereh Oilfield income statement and represents the costs associated with goods and services Yantai Jereh 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 Yantai Jereh's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yantai Jereh Oilfield 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 Yantai Jereh Oilfield. 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
Tax Provision is expected to grow to about 526.7
M, whereas
Selling General Administrative is forecasted to decline to about 356.5
M.
Yantai Jereh fundamental ratios Correlations
Click cells to compare fundamentals
Yantai Jereh Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yantai Jereh fundamental ratios Accounts
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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 Yantai Stock
Balance Sheet is a snapshot of the
financial position of Yantai Jereh Oilfield at a specified time, usually calculated after every quarter, six months, or one year. Yantai Jereh Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yantai Jereh 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 Yantai currently owns. An asset can also be divided into two categories, current and non-current.