CNEY Stock | | | USD 0.32 0.02 5.88% |
CN Energy financial indicator trend analysis is way more than just evaluating CN Energy Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CN Energy Group is a good investment. Please check the relationship between CN Energy Net Profit Margin and its Gross Profit Margin accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Net Profit Margin vs Gross Profit Margin
Net Profit Margin vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CN Energy Group Net Profit Margin account and
Gross Profit Margin. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CN Energy's Net Profit Margin and Gross Profit Margin is 0.98. Overlapping area represents the amount of variation of Net Profit Margin that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of CN Energy Group, assuming nothing else is changed. The correlation between historical values of CN Energy's Net Profit Margin and Gross Profit Margin 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 Profit Margin of CN Energy Group are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Net Profit Margin i.e., CN Energy's Net Profit Margin and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Profit Margin
The percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue.
Gross Profit Margin
Most indicators from CN Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CN Energy Group 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 CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Selling General Administrative is likely to rise to about 6.9
M in 2024, despite the fact that
Tax Provision is likely to grow to (189.9
K).
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 3.6M | 788.7K | 709.8K | 674.3K | Total Revenue | 40.2M | 57.9M | 66.6M | 69.9M |
CN Energy fundamental ratios Correlations
Click cells to compare fundamentals
CN Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CN Energy fundamental ratios Accounts
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Additional Tools for CNEY Stock Analysis
When running CN Energy's price analysis, check to
measure CN Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CN Energy is operating at the current time. Most of CN Energy's value examination focuses on studying past and present price action to
predict the probability of CN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CN Energy's price. Additionally, you may evaluate how the addition of CN Energy to your portfolios can decrease your overall portfolio volatility.