| 002443 Stock | | | 6.32 0.08 1.28% |
Zhejiang Kingland financial indicator trend analysis is more than just analyzing Zhejiang Kingland current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Kingland is a good investment. Please check the relationship between Zhejiang Kingland Operating Income and its Discontinued Operations accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Kingland Pipeline. 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.
Operating Income vs Discontinued Operations
Operating Income vs Discontinued Operations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Kingland Operating Income account and
Discontinued Operations. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zhejiang Kingland's Operating Income and Discontinued Operations is -0.19. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Discontinued Operations in the same time period over historical financial statements of Zhejiang Kingland Pipeline, assuming nothing else is changed. The correlation between historical values of Zhejiang Kingland's Operating Income and Discontinued Operations 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 Zhejiang Kingland Pipeline are associated (or correlated) with its Discontinued Operations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Discontinued Operations has no effect on the direction of Operating Income i.e., Zhejiang Kingland's Operating Income and Discontinued Operations go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Zhejiang Kingland 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 Zhejiang Kingland Pipeline 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.
Discontinued Operations
Most indicators from Zhejiang Kingland's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Kingland 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 Kingland Pipeline. 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 89.2
M, whereas Discontinued Operations is forecasted to decline to about 2.1
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 486.5M | 322.2M | 404.7M | 255.0M | Total Revenue | 7.0B | 6.1B | 5.7B | 4.6B |
Zhejiang Kingland fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Kingland Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Kingland 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 Kingland at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Kingland Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Kingland 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.