Ningbo Net Income From Continuing Ops vs Cost Of Revenue Analysis

301193 Stock   17.70  0.80  4.73%   
Ningbo Homelink financial indicator trend analysis is infinitely more than just investigating Ningbo Homelink Eco recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Homelink Eco is a good investment. Please check the relationship between Ningbo Homelink Net Income From Continuing Ops and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Homelink Eco iTech. 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.

Net Income From Continuing Ops vs Cost Of Revenue

Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Homelink Eco Net Income From Continuing Ops account and Cost Of Revenue. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Ningbo Homelink's Net Income From Continuing Ops and Cost Of Revenue is 0.16. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Ningbo Homelink Eco iTech, assuming nothing else is changed. The correlation between historical values of Ningbo Homelink's Net Income From Continuing Ops 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 Net Income From Continuing Ops of Ningbo Homelink Eco iTech 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 Net Income From Continuing Ops i.e., Ningbo Homelink's Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Income From Continuing Ops

Cost Of Revenue

Cost of Revenue is found on Ningbo Homelink Eco income statement and represents the costs associated with goods and services Ningbo Homelink 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 Ningbo Homelink's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Homelink Eco 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 Ningbo Homelink Eco iTech. 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.
As of December 1, 2024, Tax Provision is expected to decline to about 3.3 M. In addition to that, Selling General Administrative is expected to decline to about 109.9 M
 2021 2022 2023 2024 (projected)
Interest Expense12.7M15.0M16.8M25.3M
Interest Income1.4M6.3M12.0M12.6M

Ningbo Homelink fundamental ratios Correlations

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Other Information on Investing in Ningbo Stock

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