| 601188 Stock | | | 3.89 0.01 0.26% |
Heilongjiang Transport financial indicator trend analysis is much more than just examining Heilongjiang Transport latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heilongjiang Transport is a good investment. Please check the relationship between Heilongjiang Transport Net Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Heilongjiang Transport Development. 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.
Net Income vs Other Operating Expenses
Net Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Heilongjiang Transport Net Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Heilongjiang Transport's Net Income and Other Operating Expenses is 0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Heilongjiang Transport Development, assuming nothing else is changed. The correlation between historical values of Heilongjiang Transport's Net Income and Other Operating Expenses 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 Heilongjiang Transport Development are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income i.e., Heilongjiang Transport's Net Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.53 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Heilongjiang Transport financial statement analysis. It represents the amount of money remaining after all of Heilongjiang Transport Development operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Heilongjiang Transport. It is also known as Heilongjiang Transport overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Heilongjiang Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heilongjiang Transport 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 Heilongjiang Transport Development. 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 37
M. The current year's
Tax Provision is expected to grow to about 49.3
MHeilongjiang Transport fundamental ratios Correlations
Click cells to compare fundamentals
Heilongjiang Transport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Heilongjiang Transport fundamental ratios Accounts
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Other Information on Investing in Heilongjiang Stock
Balance Sheet is a snapshot of the
financial position of Heilongjiang Transport at a specified time, usually calculated after every quarter, six months, or one year. Heilongjiang Transport Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Heilongjiang Transport 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 Heilongjiang currently owns. An asset can also be divided into two categories, current and non-current.