688085 Stock | | | 23.12 1.12 5.09% |
Shanghai Sanyou financial indicator trend analysis is much more than just breaking down Shanghai Sanyou Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Sanyou Medical is a good investment. Please check the relationship between Shanghai Sanyou Gross Profit and its Net Interest Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Sanyou Medical. 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.
Gross Profit vs Net Interest Income
Gross Profit vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Sanyou Medical Gross Profit account and
Net Interest Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai Sanyou's Gross Profit and Net Interest Income is 0.69. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Shanghai Sanyou Medical, assuming nothing else is changed. The correlation between historical values of Shanghai Sanyou's Gross Profit and Net 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 Shanghai Sanyou Medical are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Gross Profit i.e., Shanghai Sanyou's Gross Profit and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shanghai Sanyou Medical minus its cost of goods sold. It is profit before Shanghai Sanyou 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.
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most indicators from Shanghai Sanyou's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Sanyou Medical 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 Shanghai Sanyou Medical. 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.
The current year's
Selling General Administrative is expected to grow to about 190.5
M, whereas
Tax Provision is forecasted to decline to about 17.6
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 537.0M | 585.4M | 368.1M | 348.1M | Total Revenue | 593.4M | 649.2M | 460.4M | 396.7M |
Shanghai Sanyou fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Sanyou Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Sanyou fundamental ratios Accounts
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Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Sanyou Medical at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Sanyou Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Sanyou 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.