Anhui Cost Of Revenue vs Operating Income Analysis

002743 Stock   6.39  0.24  3.90%   
Anhui Fuhuang financial indicator trend analysis is way more than just evaluating Anhui Fuhuang Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Fuhuang Steel is a good investment. Please check the relationship between Anhui Fuhuang Cost Of Revenue and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Fuhuang Steel. 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.

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anhui Fuhuang Steel Cost Of Revenue account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Anhui Fuhuang's Cost Of Revenue and Operating Income is 0.95. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Anhui Fuhuang Steel, assuming nothing else is changed. The correlation between historical values of Anhui Fuhuang's Cost Of Revenue and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Anhui Fuhuang Steel are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Cost Of Revenue i.e., Anhui Fuhuang's Cost Of Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cost Of Revenue

Cost of Revenue is found on Anhui Fuhuang Steel income statement and represents the costs associated with goods and services Anhui Fuhuang 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.

Operating Income

Operating Income is the amount of profit realized from Anhui Fuhuang Steel 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 Anhui Fuhuang Steel 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.
Most indicators from Anhui Fuhuang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Fuhuang Steel 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 Anhui Fuhuang Steel. 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 5.5 M, whereas Selling General Administrative is forecasted to decline to about 87.4 M.
 2021 2022 2023 2024 (projected)
Operating Income419.5M347.1M316.3M231.2M
Total Revenue5.7B4.8B4.6B3.4B

Anhui Fuhuang fundamental ratios Correlations

0.350.980.99-0.380.940.610.630.60.840.00.591.00.840.960.950.990.980.8-0.930.870.970.890.8-0.370.88
0.350.360.35-0.290.270.180.420.070.290.50.30.340.530.380.520.310.310.79-0.280.460.250.52-0.04-0.770.31
0.980.360.94-0.40.960.560.550.50.84-0.040.590.990.740.90.930.980.940.8-0.910.780.960.860.8-0.420.88
0.990.350.94-0.370.920.690.660.640.830.020.610.970.890.990.950.960.990.79-0.920.910.950.880.76-0.380.85
-0.38-0.29-0.4-0.37-0.41-0.31-0.39-0.47-0.28-0.46-0.28-0.38-0.42-0.36-0.34-0.35-0.3-0.330.29-0.4-0.25-0.31-0.10.2-0.2
0.940.270.960.92-0.410.680.470.540.870.00.680.950.750.870.870.940.90.72-0.910.770.920.780.78-0.460.72
0.610.180.560.69-0.310.680.210.420.52-0.010.690.570.650.70.560.590.680.5-0.620.650.60.410.43-0.510.34
0.630.420.550.66-0.390.470.210.660.550.170.250.610.740.690.660.590.610.6-0.50.690.50.770.43-0.120.59
0.60.070.50.64-0.470.540.420.660.450.320.270.570.720.650.510.540.550.35-0.480.670.470.510.350.050.42
0.840.290.840.83-0.280.870.520.550.45-0.10.390.840.680.80.790.880.830.62-0.780.70.820.740.79-0.440.64
0.00.5-0.040.02-0.460.0-0.010.170.32-0.10.17-0.010.380.080.13-0.08-0.080.260.010.26-0.160.07-0.54-0.31-0.17
0.590.30.590.61-0.280.680.690.250.270.390.170.580.60.590.660.560.580.66-0.710.560.560.560.29-0.620.37
1.00.340.990.97-0.380.950.570.610.570.84-0.010.580.80.940.950.990.970.79-0.930.840.970.880.81-0.360.89
0.840.530.740.89-0.420.750.650.740.720.680.380.60.80.920.870.770.830.81-0.780.960.740.830.45-0.440.64
0.960.380.90.99-0.360.870.70.690.650.80.080.590.940.920.950.930.970.79-0.880.920.910.860.7-0.380.82
0.950.520.930.95-0.340.870.560.660.510.790.130.660.950.870.950.930.940.9-0.910.870.90.930.64-0.510.86
0.990.310.980.96-0.350.940.590.590.540.88-0.080.560.990.770.930.930.970.77-0.930.830.970.870.83-0.380.89
0.980.310.940.99-0.30.90.680.610.550.83-0.080.580.970.830.970.940.970.78-0.930.890.970.880.8-0.350.89
0.80.790.80.79-0.330.720.50.60.350.620.260.660.790.810.790.90.770.78-0.790.810.750.890.44-0.720.75
-0.93-0.28-0.91-0.920.29-0.91-0.62-0.5-0.48-0.780.01-0.71-0.93-0.78-0.88-0.91-0.93-0.93-0.79-0.87-0.95-0.89-0.740.41-0.83
0.870.460.780.91-0.40.770.650.690.670.70.260.560.840.960.920.870.830.890.81-0.870.830.880.56-0.380.75
0.970.250.960.95-0.250.920.60.50.470.82-0.160.560.970.740.910.90.970.970.75-0.950.830.860.87-0.320.91
0.890.520.860.88-0.310.780.410.770.510.740.070.560.880.830.860.930.870.880.89-0.890.880.860.68-0.40.88
0.8-0.040.80.76-0.10.780.430.430.350.79-0.540.290.810.450.70.640.830.80.44-0.740.560.870.68-0.040.77
-0.37-0.77-0.42-0.380.2-0.46-0.51-0.120.05-0.44-0.31-0.62-0.36-0.44-0.38-0.51-0.38-0.35-0.720.41-0.38-0.32-0.4-0.04-0.17
0.880.310.880.85-0.20.720.340.590.420.64-0.170.370.890.640.820.860.890.890.75-0.830.750.910.880.77-0.17
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Anhui Fuhuang Account Relationship Matchups

Anhui Fuhuang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.7B9.0B10.1B11.1B10.5B6.8B
Other Current Liab412.9M399.5M356.7M148.0M338.0M346.9M
Total Current Liabilities4.8B5.5B6.3B6.8B6.3B4.2B
Total Stockholder Equity2.2B2.9B3.1B3.1B3.2B1.9B
Other Liab8.9M8.2M11.9M54.5M49.1M31.7M
Accounts Payable2.9B3.4B4.1B3.7B2.6B2.2B
Cash729.2M1.5B1.0B656.8M813.2M792.7M
Other Assets354.7M124.6M206.3M280.9M323.0M193.7M
Long Term Debt667.3M549.0M588.0M913.7M673.4M555.7M
Net Receivables2.3B2.4B6.5B3.0B3.4B2.3B
Inventory2.4B505.8M408.0M499.0M492.8M823.1M
Other Current Assets429.8M608.2M169.9M194.2M96.3M163.9M
Total Liab5.5B6.1B7.0B7.9B7.3B4.8B
Intangible Assets185.0M179.7M174.3M169.8M167.2M145.2M
Property Plant Equipment1.4B1.5B1.5B1.5B1.7B1.0B
Retained Earnings628.9M730.7M869.8M831.8M898.7M615.1M
Net Tangible Assets1.8B2.0B2.7B2.9B3.3B2.1B
Other Stockholder Equity4.2M2.9M3.3M2.6M3.0M2.8M
Total Current Assets5.9B7.2B8.1B9.0B8.4B6.7B
Non Current Assets Total1.8B1.9B2.0B2.1B2.1B2.1B
Non Currrent Assets Other67.7M138.9M195.8M201.5M155.7M140.5M
Non Current Liabilities Total675.5M560.8M646.5M1.1B932.3M896.3M
Short Long Term Debt986.7M1.2B1.2B2.0B2.2B1.4B
Non Current Liabilities Other1.4M904.0K704.8K1.6M3.0M3.2M
Net Debt924.8M281.9M779.4M2.2B2.1B1.4B
Net Invested Capital3.8B4.7B4.8B6.0B6.1B5.2B
Net Working Capital1.1B1.6B1.8B2.2B2.1B1.6B

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Other Information on Investing in Anhui Stock

Balance Sheet is a snapshot of the financial position of Anhui Fuhuang Steel at a specified time, usually calculated after every quarter, six months, or one year. Anhui Fuhuang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Fuhuang 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.