| 300823 Stock | | | 15.23 0.18 1.17% |
Tjk Machinery financial indicator trend analysis is much more than just breaking down Tjk Machinery Tianjin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tjk Machinery Tianjin is a good investment. Please check the relationship between Tjk Machinery Operating Income and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tjk Machinery Tianjin. 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 Gross Profit
Operating Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tjk Machinery Tianjin Operating Income account and
Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tjk Machinery's Operating Income and Gross Profit is 0.75. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Tjk Machinery Tianjin, assuming nothing else is changed. The correlation between historical values of Tjk Machinery's Operating Income and Gross Profit 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 Tjk Machinery Tianjin are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Tjk Machinery's Operating Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Tjk Machinery Tianjin 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 Tjk Machinery Tianjin 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Tjk Machinery Tianjin minus its cost of goods sold. It is profit before Tjk Machinery 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.
Most indicators from Tjk Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tjk Machinery Tianjin 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 Tjk Machinery Tianjin. 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 39.4
M, whereas
Tax Provision is forecasted to decline to about 8.5
M.
| 2022 | 2023 | 2024 | 2025 (projected) |
Gross Profit | 157.8M | 203.4M | 233.9M | 218.5M | Total Revenue | 437.3M | 461.0M | 530.1M | 481.1M |
Tjk Machinery fundamental ratios Correlations
Click cells to compare fundamentals
Tjk Machinery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tjk Machinery fundamental ratios Accounts
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Other Information on Investing in Tjk Stock
Balance Sheet is a snapshot of the
financial position of Tjk Machinery Tianjin at a specified time, usually calculated after every quarter, six months, or one year. Tjk Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tjk Machinery 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 Tjk currently owns. An asset can also be divided into two categories, current and non-current.