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 Gross Profit and its Interest 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.
Gross Profit vs Interest Income
Gross Profit vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qumei Furniture Group Gross Profit account and Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Qumei Furniture's Gross Profit and Interest Income is 0.56. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest 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 Gross Profit and Interest 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 Gross Profit of Qumei Furniture Group are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Gross Profit i.e., Qumei Furniture's Gross Profit and Interest Income go up and down completely randomly.
Gross profit is a required income statement account that reflects total revenue of Qumei Furniture Group minus its cost of goods sold. It is profit before Qumei Furniture 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.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
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.
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.