603920 Stock | | | 30.78 0.13 0.42% |
Olympic Circuit financial indicator trend analysis is much more than just breaking down Olympic Circuit Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympic Circuit Tech is a good investment. Please check the relationship between Olympic Circuit Cost Of Revenue and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Olympic Circuit Technology. 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.
Cost Of Revenue vs Other Operating Expenses
Cost Of Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Olympic Circuit Tech Cost Of Revenue account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Olympic Circuit's Cost Of Revenue and Other Operating Expenses is 0.17. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Olympic Circuit Technology, assuming nothing else is changed. The correlation between historical values of Olympic Circuit's Cost Of Revenue 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 Cost Of Revenue of Olympic Circuit Technology 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 Cost Of Revenue i.e., Olympic Circuit's Cost Of Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Olympic Circuit Tech income statement and represents the costs associated with goods and services Olympic Circuit provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Olympic Circuit Tech. It is also known as Olympic Circuit 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 Olympic Circuit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympic Circuit Tech 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 Olympic Circuit Technology. 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 20, 2024,
Tax Provision is expected to decline to about 50.6
M. In addition to that,
Selling General Administrative is expected to decline to about 133.3
MOlympic Circuit fundamental ratios Correlations
Click cells to compare fundamentals
Olympic Circuit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Olympic Circuit fundamental ratios Accounts
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Other Information on Investing in Olympic Stock
Balance Sheet is a snapshot of the
financial position of Olympic Circuit Tech at a specified time, usually calculated after every quarter, six months, or one year. Olympic Circuit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Olympic Circuit 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 Olympic currently owns. An asset can also be divided into two categories, current and non-current.