| 300114 Stock | | | 68.53 0.57 0.84% |
Zhonghang Electronic financial indicator trend analysis is more than just analyzing Zhonghang Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhonghang Electronic is a good investment. Please check the relationship between Zhonghang Electronic Other Operating Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhonghang Electronic Measuring. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhonghang Electronic Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Zhonghang Electronic's Other Operating Expenses and Cost Of Revenue is -0.61. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Zhonghang Electronic Measuring, assuming nothing else is changed. The correlation between historical values of Zhonghang Electronic's Other Operating Expenses 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 Other Operating Expenses of Zhonghang Electronic Measuring 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 Other Operating Expenses i.e., Zhonghang Electronic's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Zhonghang Electronic. It is also known as Zhonghang Electronic 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.
Cost Of Revenue
Cost of Revenue is found on Zhonghang Electronic income statement and represents the costs associated with goods and services Zhonghang Electronic 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 Zhonghang Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhonghang Electronic 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 Zhonghang Electronic Measuring. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 142.9
M, whereas
Tax Provision is projected to grow to (5.1
M).
Zhonghang Electronic fundamental ratios Correlations
Click cells to compare fundamentals
Zhonghang Electronic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhonghang Electronic fundamental ratios Accounts
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Other Information on Investing in Zhonghang Stock
Balance Sheet is a snapshot of the
financial position of Zhonghang Electronic at a specified time, usually calculated after every quarter, six months, or one year. Zhonghang Electronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhonghang Electronic 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 Zhonghang currently owns. An asset can also be divided into two categories, current and non-current.