601058 Stock | | | 14.08 0.04 0.28% |
Sailun Jinyu financial indicator trend analysis is much more than just breaking down Sailun Jinyu Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sailun Jinyu Group is a good investment. Please check the relationship between Sailun Jinyu Selling General Administrative and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sailun Jinyu Group. 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.
Selling General Administrative vs Gross Profit
Selling General Administrative vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sailun Jinyu Group Selling General Administrative account and
Gross Profit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sailun Jinyu's Selling General Administrative and Gross Profit is 0.19. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Sailun Jinyu Group, assuming nothing else is changed. The correlation between historical values of Sailun Jinyu's Selling General Administrative and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Sailun Jinyu Group are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Selling General Administrative i.e., Sailun Jinyu's Selling General Administrative and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Selling General Administrative
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sailun Jinyu Group minus its cost of goods sold. It is profit before Sailun Jinyu 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.
Most indicators from Sailun Jinyu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sailun Jinyu Group 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 Sailun Jinyu Group. 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 23, 2024, Selling General Administrative is expected to decline to about 768.8
M. In addition to that,
Tax Provision is expected to decline to about 125.5
MSailun Jinyu fundamental ratios Correlations
Click cells to compare fundamentals
Sailun Jinyu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sailun Jinyu fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sailun Stock
Balance Sheet is a snapshot of the
financial position of Sailun Jinyu Group at a specified time, usually calculated after every quarter, six months, or one year. Sailun Jinyu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sailun Jinyu 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 Sailun currently owns. An asset can also be divided into two categories, current and non-current.