Qumei Gross Profit vs Minority Interest Analysis

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 Gross Profit and its Minority Interest 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 Minority Interest

Gross Profit vs Minority Interest 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 Minority Interest. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Qumei Furniture's Gross Profit and Minority Interest is 0.55. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Minority Interest 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 Minority Interest 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 Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Gross Profit i.e., Qumei Furniture's Gross Profit and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

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.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Qumei Furniture Group whose combined shares represent less than 50% of the total outstanding shares issued by Qumei Furniture have a minority interest in Qumei Furniture.
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 11, 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)
 2021 2022 2023 2024 (projected)
Operating Income485.4M247.9M59.1M56.2M
Total Revenue5.1B4.9B4.0B3.1B

Qumei Furniture fundamental ratios Correlations

0.530.880.840.950.850.950.680.890.350.990.95-0.160.990.990.80.99-0.950.70.970.940.98-0.120.92-0.83-0.89
0.530.390.310.430.460.660.160.240.220.460.53-0.010.560.570.270.48-0.530.040.440.380.51-0.50.54-0.21-0.38
0.880.390.790.780.820.810.680.780.10.870.93-0.190.860.830.670.85-0.780.50.830.930.84-0.270.64-0.79-0.76
0.840.310.790.740.960.880.880.810.570.820.85-0.050.770.750.960.81-0.660.750.770.90.76-0.060.66-0.78-0.84
0.950.430.780.740.740.890.580.930.30.950.86-0.170.960.960.710.94-0.980.730.960.880.99-0.020.96-0.84-0.87
0.850.460.820.960.740.910.880.790.540.830.87-0.140.790.760.880.8-0.690.670.740.890.78-0.110.67-0.75-0.88
0.950.660.810.880.890.910.720.850.450.920.93-0.160.930.920.830.92-0.860.690.890.910.92-0.150.88-0.8-0.9
0.680.160.680.880.580.880.720.670.50.680.65-0.310.60.580.820.66-0.490.760.590.770.59-0.090.48-0.58-0.83
0.890.240.780.810.930.790.850.670.30.90.86-0.240.870.850.780.88-0.850.850.910.920.910.170.86-0.95-0.87
0.350.220.10.570.30.540.450.50.30.320.220.390.280.290.730.32-0.270.50.240.220.280.120.38-0.15-0.43
0.990.460.870.820.950.830.920.680.90.320.93-0.210.990.970.790.99-0.940.730.970.930.970.00.92-0.86-0.9
0.950.530.930.850.860.870.930.650.860.220.93-0.190.930.910.760.92-0.840.60.910.970.91-0.110.8-0.9-0.82
-0.16-0.01-0.19-0.05-0.17-0.14-0.16-0.31-0.240.39-0.21-0.19-0.18-0.160.11-0.20.13-0.27-0.18-0.26-0.17-0.13-0.140.240.31
0.990.560.860.770.960.790.930.60.870.280.990.93-0.181.00.730.98-0.970.660.980.910.99-0.10.94-0.82-0.86
0.990.570.830.750.960.760.920.580.850.290.970.91-0.161.00.720.97-0.980.640.970.880.99-0.140.95-0.78-0.85
0.80.270.670.960.710.880.830.820.780.730.790.760.110.730.720.79-0.650.810.750.790.730.050.68-0.71-0.79
0.990.480.850.810.940.80.920.660.880.320.990.92-0.20.980.970.79-0.930.750.990.920.96-0.040.92-0.83-0.86
-0.95-0.53-0.78-0.66-0.98-0.69-0.86-0.49-0.85-0.27-0.94-0.840.13-0.97-0.98-0.65-0.93-0.61-0.94-0.82-0.980.1-0.960.750.81
0.70.040.50.750.730.670.690.760.850.50.730.6-0.270.660.640.810.75-0.610.730.710.680.310.7-0.73-0.77
0.970.440.830.770.960.740.890.590.910.240.970.91-0.180.980.970.750.99-0.940.730.910.97-0.020.93-0.86-0.83
0.940.380.930.90.880.890.910.770.920.220.930.97-0.260.910.880.790.92-0.820.710.910.91-0.10.77-0.91-0.89
0.980.510.840.760.990.780.920.590.910.280.970.91-0.170.990.990.730.96-0.980.680.970.91-0.10.95-0.84-0.87
-0.12-0.5-0.27-0.06-0.02-0.11-0.15-0.090.170.120.0-0.11-0.13-0.1-0.140.05-0.040.10.31-0.02-0.1-0.10.05-0.250.0
0.920.540.640.660.960.670.880.480.860.380.920.8-0.140.940.950.680.92-0.960.70.930.770.950.05-0.76-0.82
-0.83-0.21-0.79-0.78-0.84-0.75-0.8-0.58-0.95-0.15-0.86-0.90.24-0.82-0.78-0.71-0.830.75-0.73-0.86-0.91-0.84-0.25-0.760.77
-0.89-0.38-0.76-0.84-0.87-0.88-0.9-0.83-0.87-0.43-0.9-0.820.31-0.86-0.85-0.79-0.860.81-0.77-0.83-0.89-0.870.0-0.820.77
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Qumei Furniture Account Relationship Matchups

Qumei Furniture fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.7B7.7B7.6B7.6B7.0B4.9B
Other Current Liab298.8M309.4M422.8M48.3M45.5M43.3M
Total Current Liabilities2.6B2.0B2.5B3.6B1.3B1.3B
Total Stockholder Equity1.5B2.2B2.0B2.2B1.9B1.6B
Other Liab841.7M770.8M713.5M637.0M732.5M769.2M
Retained Earnings751.3M855.2M1.0B965.7M661.6M679.6M
Accounts Payable318.0M391.2M442.4M282.4M291.3M244.3M
Cash657.1M709.9M544.2M815.4M721.5M514.3M
Other Assets172.4M158.8M165.9M214.8M247.1M259.4M
Long Term Debt2.3B2.3B2.2B872.8M2.8B1.8B
Net Receivables435.3M386.5M442.3M487.6M465.4M273.8M
Inventory668.5M844.9M1.1B1.0B666.2M533.2M
Other Current Assets138.2M117.8M105.1M58.9M64.9M101.8M
Total Liab5.8B5.1B5.6B5.3B4.9B3.2B
Intangible Assets2.5B2.4B2.2B2.1B2.0B1.4B
Common Stock491.4M488.7M582.9M580.4M667.5M455.4M
Property Plant Equipment1.8B1.9B1.8B1.9B2.2B1.1B
Net Tangible Assets(2.5B)(2.2B)(1.4B)(1.3B)(1.1B)(1.1B)
Deferred Long Term Liab47.6M48.7M50.2M48.8M56.1M39.8M
Total Current Assets1.9B2.2B2.3B2.5B2.0B1.9B
Non Current Assets Total5.8B5.5B5.4B5.1B5.0B4.7B
Non Currrent Assets Other24.5M25.5M34.5M36.9M43.9M38.3M
Non Current Liabilities Total3.2B3.1B3.1B1.7B3.6B2.7B
Other Stockholder Equity(135.6M)(63.1M)(138.1M)(269.5M)(242.6M)(230.5M)
Common Stock Shares Outstanding488.7M582.9M580.4M587.4M585.1M597.1M
Net Invested Capital4.0B4.5B4.5B3.3B5.0B4.4B
Net Working Capital(723.5M)201.1M(204.2M)(1.1B)648.3M680.8M
Net Debt1.9B1.7B1.9B287.7M2.3B1.6B
Good Will1.2B1.2B1.1B1.1B1.1B926.2M
Short Long Term Debt208.9M58.3M221.3M230.3M298.8M202.6M
Capital Stock488.7M582.9M580.4M587.4M585.1M607.9M
Non Current Liabilities Other2.0M806.2K1.9M351.5K316.3K300.5K

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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.