SICC Total Revenue vs Net Receivables Analysis
688234 Stock | 58.00 1.30 2.29% |
SICC financial indicator trend analysis is much more than just breaking down SICC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SICC is a good investment. Please check the relationship between SICC Total Revenue and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SICC 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.
Total Revenue vs Net Receivables
Total Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SICC Total Revenue account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between SICC's Total Revenue and Net Receivables is 0.86. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of SICC Co, assuming nothing else is changed. The correlation between historical values of SICC's Total Revenue and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of SICC Co are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Revenue i.e., SICC's Total Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Revenue
Total revenue comprises all receipts SICC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Net Receivables
Most indicators from SICC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SICC 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 SICC 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. The current year's Tax Provision is expected to grow to about (9.9 M). In addition to that, Selling General Administrative is expected to decline to about 58.8 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 6.9K | 127.0K | 216.9K | 206.0K | Interest Income | 6.0M | 18.3M | 15.4M | 11.0M |
SICC fundamental ratios Correlations
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SICC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in SICC Stock
Balance Sheet is a snapshot of the financial position of SICC at a specified time, usually calculated after every quarter, six months, or one year. SICC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SICC 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 SICC currently owns. An asset can also be divided into two categories, current and non-current.