Shanghai Minority Interest vs Gross Profit Analysis
| 688385 Stock | 39.80 0.25 0.63% |
Shanghai Fudan financial indicator trend analysis is much more than just breaking down Shanghai Fudan Micro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Fudan Micro is a good investment. Please check the relationship between Shanghai Fudan Minority Interest and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Fudan Microelectronics. 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.
Minority Interest vs Gross Profit
Minority Interest vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Fudan Micro Minority Interest account and Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Shanghai Fudan's Minority Interest and Gross Profit is -0.87. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Shanghai Fudan Microelectronics, assuming nothing else is changed. The correlation between historical values of Shanghai Fudan's Minority Interest and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Shanghai Fudan Microelectronics are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Minority Interest i.e., Shanghai Fudan's Minority Interest and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Shanghai Fudan Microelectronics whose combined shares represent less than 50% of the total outstanding shares issued by Shanghai Fudan have a minority interest in Shanghai Fudan.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shanghai Fudan Microelectronics minus its cost of goods sold. It is profit before Shanghai Fudan 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.Most indicators from Shanghai Fudan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Fudan Micro 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 Fudan Microelectronics. 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 5.4 M, whereas Selling General Administrative is forecasted to decline to about 103.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.5M | 4.4M | 28.0M | 29.4M | Interest Income | 8.4M | 14.8M | 15.5M | 11.7M |
Shanghai Fudan fundamental ratios Correlations
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Shanghai Fudan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the financial position of Shanghai Fudan Micro at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Fudan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Fudan 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.