Hongfa Gross Profit vs Total Revenue Analysis

600885 Stock

33.36 0.41 1.21%

Hongfa Technology financial indicator trend analysis is much more than just examining Hongfa Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hongfa Technology is a good investment. Please check the relationship between Hongfa Technology Gross Profit and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hongfa Technology 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.

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hongfa Technology Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Hongfa Technology's Gross Profit and Total Revenue is 0.89. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Hongfa Technology Co, assuming nothing else is changed. The correlation between historical values of Hongfa Technology's Gross Profit 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 Gross Profit of Hongfa Technology 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 Gross Profit i.e., Hongfa Technology's Gross Profit and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Hongfa Technology Co minus its cost of goods sold. It is profit before Hongfa Technology 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.

Total Revenue

Total revenue comprises all receipts Hongfa Technology 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 Hongfa Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hongfa Technology 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 Hongfa Technology 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 883.8 M, whereas Tax Provision is forecasted to decline to about 209.3 M.

	2022	2023	2024	2025 (projected)
Cost Of Revenue	7.6B	8.2B	9.4B	9.9B
Total Revenue	11.6B	12.9B	14.9B	15.6B

Cost Of Revenue Total Revenue

Hongfa Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Retained Earnings	Short Term Investments	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		-0.5	0.97	1.0	0.98	0.94	0.96	0.95	0.98	0.33	0.99	0.89	0.88	0.97	0.89	0.99	0.9	0.96	0.74	0.88	0.89	0.94	0.89	0.9	0.06	0.93
Other Current Liab	-0.5		-0.43	-0.46	-0.42	-0.39	-0.34	-0.39	-0.45	0.47	-0.51	-0.37	-0.25	-0.35	-0.57	-0.4	-0.62	-0.41	-0.25	-0.33	-0.51	-0.47	-0.46	-0.51	0.12	-0.56
Total Current Liabilities	0.97	-0.43		0.97	0.95	0.91	0.95	0.97	0.93	0.33	0.96	0.91	0.89	0.95	0.77	0.96	0.84	0.9	0.77	0.82	0.79	0.87	0.84	0.84	0.02	0.83
Total Stockholder Equity	1.0	-0.46	0.97		0.98	0.93	0.97	0.95	0.98	0.35	0.99	0.9	0.88	0.97	0.88	0.99	0.89	0.96	0.76	0.88	0.88	0.93	0.89	0.89	0.08	0.92
Accounts Payable	0.98	-0.42	0.95	0.98		0.92	0.98	0.95	0.97	0.44	0.97	0.89	0.88	0.98	0.86	0.98	0.83	0.97	0.77	0.9	0.86	0.94	0.89	0.89	0.11	0.9
Cash	0.94	-0.39	0.91	0.93	0.92		0.88	0.91	0.91	0.31	0.93	0.78	0.87	0.89	0.82	0.91	0.86	0.88	0.61	0.79	0.84	0.89	0.81	0.82	-0.05	0.84
Other Assets	0.96	-0.34	0.95	0.97	0.98	0.88		0.94	0.96	0.52	0.95	0.93	0.87	0.98	0.83	0.99	0.79	0.97	0.81	0.92	0.83	0.92	0.88	0.88	0.15	0.87
Net Receivables	0.95	-0.39	0.97	0.95	0.95	0.91	0.94		0.93	0.43	0.92	0.94	0.95	0.97	0.72	0.95	0.76	0.87	0.82	0.81	0.74	0.82	0.8	0.8	0.05	0.78
Inventory	0.98	-0.45	0.93	0.98	0.97	0.91	0.96	0.93		0.38	0.98	0.88	0.86	0.96	0.91	0.97	0.87	0.96	0.74	0.9	0.91	0.94	0.9	0.9	0.02	0.94
Other Current Assets	0.33	0.47	0.33	0.35	0.44	0.31	0.52	0.43	0.38		0.27	0.49	0.53	0.53	0.14	0.45	-0.01	0.44	0.53	0.49	0.14	0.32	0.29	0.24	0.49	0.18
Total Liab	0.99	-0.51	0.96	0.99	0.97	0.93	0.95	0.92	0.98	0.27		0.85	0.83	0.94	0.92	0.97	0.92	0.97	0.68	0.88	0.92	0.97	0.91	0.92	0.01	0.95
Intangible Assets	0.89	-0.37	0.91	0.9	0.89	0.78	0.93	0.94	0.88	0.49	0.85		0.88	0.95	0.66	0.92	0.68	0.84	0.92	0.8	0.67	0.77	0.76	0.76	0.15	0.72
Common Stock	0.88	-0.25	0.89	0.88	0.88	0.87	0.87	0.95	0.86	0.53	0.83	0.88		0.93	0.63	0.88	0.64	0.81	0.76	0.75	0.63	0.74	0.71	0.71	0.18	0.68
Property Plant Equipment	0.97	-0.35	0.95	0.97	0.98	0.89	0.98	0.97	0.96	0.53	0.94	0.95	0.93		0.79	0.99	0.77	0.94	0.85	0.89	0.79	0.88	0.85	0.84	0.18	0.84
Long Term Debt	0.89	-0.57	0.77	0.88	0.86	0.82	0.83	0.72	0.91	0.14	0.92	0.66	0.63	0.79		0.85	0.92	0.92	0.47	0.84	0.98	0.96	0.88	0.89	-0.03	0.99
Retained Earnings	0.99	-0.4	0.96	0.99	0.98	0.91	0.99	0.95	0.97	0.45	0.97	0.92	0.88	0.99	0.85		0.85	0.97	0.79	0.9	0.85	0.93	0.89	0.89	0.15	0.9
Short Term Investments	0.9	-0.62	0.84	0.89	0.83	0.86	0.79	0.76	0.87	-0.01	0.92	0.68	0.64	0.77	0.92	0.85		0.86	0.49	0.74	0.94	0.91	0.83	0.84	-0.16	0.93
Other Liab	0.96	-0.41	0.9	0.96	0.97	0.88	0.97	0.87	0.96	0.44	0.97	0.84	0.81	0.94	0.92	0.97	0.86		0.68	0.93	0.9	0.98	0.91	0.92	0.18	0.95
Good Will	0.74	-0.25	0.77	0.76	0.77	0.61	0.81	0.82	0.74	0.53	0.68	0.92	0.76	0.85	0.47	0.79	0.49	0.68		0.7	0.49	0.58	0.64	0.62	0.17	0.54
Net Tangible Assets	0.88	-0.33	0.82	0.88	0.9	0.79	0.92	0.81	0.9	0.49	0.88	0.8	0.75	0.89	0.84	0.9	0.74	0.93	0.7		0.82	0.89	0.97	0.96	0.18	0.86
Other Stockholder Equity	0.89	-0.51	0.79	0.88	0.86	0.84	0.83	0.74	0.91	0.14	0.92	0.67	0.63	0.79	0.98	0.85	0.94	0.9	0.49	0.82		0.95	0.87	0.87	-0.17	0.98
Deferred Long Term Liab	0.94	-0.47	0.87	0.93	0.94	0.89	0.92	0.82	0.94	0.32	0.97	0.77	0.74	0.88	0.96	0.93	0.91	0.98	0.58	0.89	0.95		0.91	0.92	0.06	0.98
Total Current Assets	0.89	-0.46	0.84	0.89	0.89	0.81	0.88	0.8	0.9	0.29	0.91	0.76	0.71	0.85	0.88	0.89	0.83	0.91	0.64	0.97	0.87	0.91		0.99	0.05	0.9
Non Current Assets Total	0.9	-0.51	0.84	0.89	0.89	0.82	0.88	0.8	0.9	0.24	0.92	0.76	0.71	0.84	0.89	0.89	0.84	0.92	0.62	0.96	0.87	0.92	0.99		0.06	0.91
Non Currrent Assets Other	0.06	0.12	0.02	0.08	0.11	-0.05	0.15	0.05	0.02	0.49	0.01	0.15	0.18	0.18	-0.03	0.15	-0.16	0.18	0.17	0.18	-0.17	0.06	0.05	0.06		0.0
Non Current Liabilities Total	0.93	-0.56	0.83	0.92	0.9	0.84	0.87	0.78	0.94	0.18	0.95	0.72	0.68	0.84	0.99	0.9	0.93	0.95	0.54	0.86	0.98	0.98	0.9	0.91	0.0

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Hongfa Technology Account Relationship Matchups

Hongfa Technology fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	10.8B	13.7B	16.0B	17.7B	20.4B	21.4B
Other Current Liab	224.6M	386.9M	11.5M	6.2M	7.1M	6.7M
Total Current Liabilities	2.4B	2.7B	3.0B	4.0B	4.6B	4.8B
Total Stockholder Equity	5.5B	6.5B	7.5B	8.3B	9.6B	10.1B
Accounts Payable	1.4B	1.8B	1.9B	1.9B	2.2B	2.3B
Cash	898.2M	1.7B	1.4B	1.9B	2.2B	2.3B
Other Assets	807.3M	1.0B	982.1M	1.2B	1.4B	1.5B
Net Receivables	2.2B	2.6B	2.8B	3.1B	3.6B	3.7B
Inventory	1.5B	2.5B	2.8B	2.5B	2.9B	3.1B
Other Current Assets	269.9M	336.4M	123.6M	66.0M	75.8M	100.0M
Total Liab	3.4B	4.9B	6.0B	6.7B	7.7B	8.0B
Intangible Assets	417.7M	414.7M	487.0M	475.6M	546.9M	574.3M
Property Plant Equipment	2.7B	3.0B	3.3B	3.7B	4.2B	4.4B
Long Term Debt	618.2M	1.6B	2.3B	1.9B	2.2B	2.3B
Retained Earnings	4.3B	5.1B	5.0B	5.7B	6.5B	6.8B
Other Liab	184.3M	311.3M	416.5M	547.7M	629.8M	661.3M
Net Tangible Assets	3.9B	4.5B	5.1B	6.1B	7.0B	4.5B
Other Stockholder Equity	11.1M	18.6M	6.4M	334.7M	384.9M	404.2M
Deferred Long Term Liab	66.4M	107.0M	110.6M	171.6M	197.3M	207.2M
Total Current Assets	6.2B	8.3B	9.3B	10.6B	12.2B	6.9B
Non Current Assets Total	4.7B	5.4B	6.6B	7.1B	8.2B	5.3B
Non Currrent Assets Other	3.5B	320.7M	206.0M	145.3M	167.0M	158.7M
Non Current Liabilities Total	1.0B	2.2B	3.0B	2.7B	3.1B	3.3B
Short Long Term Debt	402.9M	45.2M	40.8M	42.8M	38.5M	36.6M
Non Current Liabilities Other	14.4M	17.9M	21.6M	26.0M	29.9M	16.7M
Net Invested Capital	6.5B	8.2B	9.8B	10.3B	11.8B	8.1B
Net Working Capital	3.8B	5.6B	6.3B	6.6B	7.6B	4.6B
Property Plant And Equipment Net	3.3B	3.7B	4.8B	5.2B	6.0B	4.4B
Property Plant And Equipment Gross	5.6B	6.4B	8.0B	5.2B	6.0B	6.6B

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Other Information on Investing in Hongfa Stock

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

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Hongfa Gross Profit vs Total Revenue Analysis

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

Correlation Coefficient

Gross Profit

Total Revenue

Hongfa Technology fundamental ratios Correlations

Hongfa Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hongfa Technology fundamental ratios Accounts

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Other Information on Investing in Hongfa Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Other Assets

Short Term Investments	- 0.62	Other Current Liab
Long Term Debt	- 0.57	Other Current Liab
Non Current Liabilities Total	- 0.56	Other Current Liab
Non Current Assets Total	- 0.51	Other Current Liab
Other Stockholder Equity	- 0.51	Other Current Liab
Total Liab	- 0.51	Other Current Liab