600764 Stock | | | 29.14 0.89 2.96% |
China Marine financial indicator trend analysis is way more than just evaluating China Marine Information prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Marine Information is a good investment. Please check the relationship between China Marine Operating Income and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Marine Information. 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 Total Revenue
Operating Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Marine Information Operating Income account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between China Marine's Operating Income and Total Revenue is 0.92. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of China Marine Information, assuming nothing else is changed. The correlation between historical values of China Marine's Operating 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 Operating Income of China Marine Information 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 Operating Income i.e., China Marine's Operating Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from China Marine Information 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 China Marine Information 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.
Total Revenue
Total revenue comprises all receipts China Marine Information 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 China Marine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Marine Information 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 China Marine Information. 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 324.2
M, whereas
Tax Provision is forecasted to decline to about 17.6
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 982.8M | 638.0M | 410.6M | 223.5M | Total Revenue | 4.9B | 4.3B | 3.6B | 3.8B |
China Marine fundamental ratios Correlations
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China Marine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Marine fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Marine Information at a specified time, usually calculated after every quarter, six months, or one year. China Marine Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Marine 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 China currently owns. An asset can also be divided into two categories, current and non-current.