600703 Stock | | | 12.81 0.17 1.31% |
Sanan Optoelectronics financial indicator trend analysis is much more than just breaking down Sanan Optoelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanan Optoelectronics is a good investment. Please check the relationship between Sanan Optoelectronics Net Income and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sanan Optoelectronics 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 board of governors.
Net Income vs Total Revenue
Net Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sanan Optoelectronics Net Income account and
Total Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sanan Optoelectronics' Net Income and Total Revenue is -0.03. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sanan Optoelectronics Co, assuming nothing else is changed. The correlation between historical values of Sanan Optoelectronics' Net Income and Total 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 of Sanan Optoelectronics Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income i.e., Sanan Optoelectronics' Net Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sanan Optoelectronics financial statement analysis. It represents the amount of money remaining after all of Sanan Optoelectronics Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Total Revenue
Total revenue comprises all receipts Sanan Optoelectronics generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Sanan Optoelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanan Optoelectronics 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 Sanan Optoelectronics 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 board of governors.
As of December 14, 2024,
Selling General Administrative is expected to decline to about 170.6
M. In addition to that,
Tax Provision is expected to decline to about 102.6
M | 2021 | 2022 | 2023 | 2024 (projected) |
Cost Of Revenue | 9.8B | 10.9B | 12.6B | 13.2B | Total Revenue | 12.6B | 13.2B | 14.1B | 14.8B |
Sanan Optoelectronics fundamental ratios Correlations
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Sanan Optoelectronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sanan Optoelectronics fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sanan Stock
Balance Sheet is a snapshot of the
financial position of Sanan Optoelectronics at a specified time, usually calculated after every quarter, six months, or one year. Sanan Optoelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sanan Optoelectronics 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 Sanan currently owns. An asset can also be divided into two categories, current and non-current.