603993 Stock | | | 6.85 0.16 2.28% |
China Molybdenum financial indicator trend analysis is way more than just evaluating China Molybdenum prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Molybdenum is a good investment. Please check the relationship between China Molybdenum Other Operating Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Molybdenum Co. 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.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Molybdenum Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between China Molybdenum's Other Operating Expenses and Cost Of Revenue is 0.86. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of China Molybdenum Co, assuming nothing else is changed. The correlation between historical values of China Molybdenum's Other Operating Expenses and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of China Molybdenum Co are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Other Operating Expenses i.e., China Molybdenum's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of China Molybdenum. It is also known as China Molybdenum 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.
Cost Of Revenue
Cost of Revenue is found on China Molybdenum income statement and represents the costs associated with goods and services China Molybdenum 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.
Most indicators from China Molybdenum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Molybdenum 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 China Molybdenum Co. 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.
At present, China Molybdenum's
Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 1.2
B, whereas
Selling General Administrative is forecasted to decline to about 493.2
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Income Before Tax | 8.8B | 9.8B | 13.2B | 13.9B | Cost Of Revenue | 157.5B | 156.9B | 168.4B | 176.9B |
China Molybdenum fundamental ratios Correlations
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China Molybdenum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Molybdenum fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Molybdenum at a specified time, usually calculated after every quarter, six months, or one year. China Molybdenum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Molybdenum 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 China currently owns. An asset can also be divided into two categories, current and non-current.