| 300207 Stock | | | 23.25 0.10 0.43% |
Sunwoda Electronic financial indicator trend analysis is much more than just breaking down Sunwoda Electronic prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunwoda Electronic is a good investment. Please check the relationship between Sunwoda Electronic Minority Interest and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sunwoda Electronic. 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.
Minority Interest vs Other Operating Expenses
Minority Interest vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sunwoda Electronic Minority Interest account and
Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sunwoda Electronic's Minority Interest and Other Operating Expenses is 0.84. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Sunwoda Electronic, assuming nothing else is changed. The correlation between historical values of Sunwoda Electronic's Minority Interest 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 Minority Interest of Sunwoda Electronic 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 Minority Interest i.e., Sunwoda Electronic's Minority Interest and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Sunwoda Electronic whose combined shares represent less than 50% of the total outstanding shares issued by Sunwoda Electronic have a minority interest in Sunwoda Electronic.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sunwoda Electronic. It is also known as Sunwoda 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.
Most indicators from Sunwoda Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunwoda 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 Sunwoda Electronic. 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 1.2
B, whereas
Tax Provision is projected to grow to (154.4
M).
Sunwoda Electronic fundamental ratios Correlations
Click cells to compare fundamentals
Sunwoda Electronic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sunwoda Electronic fundamental ratios Accounts
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Other Information on Investing in Sunwoda Stock
Balance Sheet is a snapshot of the
financial position of Sunwoda Electronic at a specified time, usually calculated after every quarter, six months, or one year. Sunwoda Electronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sunwoda 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 Sunwoda currently owns. An asset can also be divided into two categories, current and non-current.