| 603818 Stock | | | 3.73 0.23 6.57% |
Qumei Furniture financial indicator trend analysis is much more than just breaking down Qumei Furniture Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qumei Furniture Group is a good investment. Please check the relationship between Qumei Furniture Capital Expenditures and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Qumei Furniture 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 board of governors.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Qumei Furniture Group Capital Expenditures account and
Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Qumei Furniture's Capital Expenditures and Net Income is 0.31. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Qumei Furniture Group, assuming nothing else is changed. The correlation between historical values of Qumei Furniture's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Qumei Furniture Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Qumei Furniture's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Qumei Furniture Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Qumei Furniture operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Qumei Furniture Group financial statement analysis. It represents the amount of money remaining after all of Qumei Furniture Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Qumei Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qumei Furniture 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 Qumei Furniture 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 board of governors.
As of December 12, 2024,
Selling General Administrative is expected to decline to about 744.1
M. The current year's
Tax Provision is expected to grow to about (23.9
M)
Qumei Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Qumei Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qumei Furniture fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Qumei Stock
Balance Sheet is a snapshot of the
financial position of Qumei Furniture Group at a specified time, usually calculated after every quarter, six months, or one year. Qumei Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qumei Furniture 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 Qumei currently owns. An asset can also be divided into two categories, current and non-current.