Eastern Silk financial indicator trend analysis is much more than just examining Eastern Silk Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Silk Industries is a good investment. Please check the relationship between Eastern Silk Selling And Marketing Expenses and its Cost Of Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Selling And Marketing Expenses vs Cost Of Revenue
Selling And Marketing Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastern Silk Industries Selling And Marketing Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eastern Silk's Selling And Marketing Expenses and Cost Of Revenue is 0.97. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Eastern Silk Industries, assuming nothing else is changed. The correlation between historical values of Eastern Silk's Selling And Marketing Expenses 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 Selling And Marketing Expenses of Eastern Silk Industries 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 Selling And Marketing Expenses i.e., Eastern Silk's Selling And Marketing Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling And Marketing Expenses
Cost Of Revenue
Cost of Revenue is found on Eastern Silk Industries income statement and represents the costs associated with goods and services Eastern Silk 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 Eastern Silk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Silk Industries 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Tax Provision is expected to rise to about 4.6
M this year, although the value of
Selling General Administrative will most likely fall to about 18.7
M.
Eastern Silk fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Silk Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Silk fundamental ratios Accounts
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Other Information on Investing in Eastern Stock
Balance Sheet is a snapshot of the
financial position of Eastern Silk Industries at a specified time, usually calculated after every quarter, six months, or one year. Eastern Silk Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Silk 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 Eastern currently owns. An asset can also be divided into two categories, current and non-current.