600132 Stock | | | 67.95 0.30 0.44% |
Chongqing Brewery financial indicator trend analysis is way more than just evaluating Chongqing Brewery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Brewery is a good investment. Please check the relationship between Chongqing Brewery Cost Of Revenue and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Brewery Co. 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 Minority Interest
Cost Of Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Brewery Cost Of Revenue account and
Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Chongqing Brewery's Cost Of Revenue and Minority Interest is -0.7. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Chongqing Brewery Co, assuming nothing else is changed. The correlation between historical values of Chongqing Brewery's Cost Of Revenue and Minority Interest 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 Chongqing Brewery Co are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Cost Of Revenue i.e., Chongqing Brewery's Cost Of Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Chongqing Brewery income statement and represents the costs associated with goods and services Chongqing Brewery 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.
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 Chongqing Brewery Co whose combined shares represent less than 50% of the total outstanding shares issued by Chongqing Brewery have a minority interest in Chongqing Brewery.
Most indicators from Chongqing Brewery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Brewery 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 Chongqing Brewery Co. 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 2.9
B, whereas
Tax Provision is forecasted to decline to about 342.6
M.
Chongqing Brewery fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Brewery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Brewery fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Balance Sheet is a snapshot of the
financial position of Chongqing Brewery at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Brewery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Brewery 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.