002384 Stock | | | 27.56 0.04 0.15% |
Suzhou Dongshan financial indicator trend analysis is much more than just breaking down Suzhou Dongshan Precision prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suzhou Dongshan Precision is a good investment. Please check the relationship between Suzhou Dongshan Gross Profit and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Suzhou Dongshan Precision. 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.
Gross Profit vs Other Operating Expenses
Gross Profit vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Suzhou Dongshan Precision Gross Profit account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Suzhou Dongshan's Gross Profit and Other Operating Expenses is 0.74. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Suzhou Dongshan Precision, assuming nothing else is changed. The correlation between historical values of Suzhou Dongshan's Gross Profit and Other Operating Expenses 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 Suzhou Dongshan Precision are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Gross Profit i.e., Suzhou Dongshan's Gross Profit and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Suzhou Dongshan Precision minus its cost of goods sold. It is profit before Suzhou Dongshan 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Suzhou Dongshan Precision. It is also known as Suzhou Dongshan overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Suzhou Dongshan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suzhou Dongshan Precision 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 Suzhou Dongshan Precision. 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.
As of December 18, 2024,
Selling General Administrative is expected to decline to about 411.5
M. In addition to that,
Tax Provision is expected to decline to about 192.5
MSuzhou Dongshan fundamental ratios Correlations
Click cells to compare fundamentals
Suzhou Dongshan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Suzhou Dongshan fundamental ratios Accounts
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Other Information on Investing in Suzhou Stock
Balance Sheet is a snapshot of the
financial position of Suzhou Dongshan Precision at a specified time, usually calculated after every quarter, six months, or one year. Suzhou Dongshan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Suzhou Dongshan 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 Suzhou currently owns. An asset can also be divided into two categories, current and non-current.