Shanghai Friendess financial indicator trend analysis is much more than just breaking down Shanghai Friendess prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Friendess is a good investment. Please check the relationship between Shanghai Friendess Net Income From Continuing Ops and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Friendess Electronics. 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.
Net Income From Continuing Ops vs Cost Of Revenue
Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Friendess Net Income From Continuing Ops account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shanghai Friendess' Net Income From Continuing Ops and Cost Of Revenue is 0.9. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Shanghai Friendess Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Friendess' Net Income From Continuing Ops 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 Net Income From Continuing Ops of Shanghai Friendess Electronics 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 Net Income From Continuing Ops i.e., Shanghai Friendess' Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.
Cost of Revenue is found on Shanghai Friendess income statement and represents the costs associated with goods and services Shanghai Friendess 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 Shanghai Friendess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Friendess 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 Friendess Electronics. 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.
Balance Sheet is a snapshot of the financial position of Shanghai Friendess at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Friendess Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Friendess 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.