Fineotex Ebit vs Total Operating Expenses Analysis

FCL Stock   358.50  5.85  1.66%   
Fineotex Chemical financial indicator trend analysis is much more than just examining Fineotex Chemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fineotex Chemical is a good investment. Please check the relationship between Fineotex Chemical Ebit and its Total Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fineotex Chemical Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ebit vs Total Operating Expenses

Ebit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fineotex Chemical Ebit account and Total Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fineotex Chemical's Ebit and Total Operating Expenses is 0.43. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Fineotex Chemical Limited, assuming nothing else is changed. The correlation between historical values of Fineotex Chemical's Ebit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Fineotex Chemical Limited are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Ebit i.e., Fineotex Chemical's Ebit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Ebit

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Fineotex Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fineotex Chemical 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 Fineotex Chemical Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At present, Fineotex Chemical's Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B1.8B2.2B2.3B
Total Revenue3.7B5.2B5.7B6.0B

Fineotex Chemical fundamental ratios Correlations

0.520.981.0-0.730.670.980.130.850.320.69-0.030.980.980.460.470.990.980.60.930.79-0.220.040.990.960.67
0.520.580.51-0.440.480.46-0.10.670.270.770.380.610.56-0.020.60.540.470.870.480.15-0.05-0.160.510.550.22
0.980.580.98-0.770.70.930.120.860.330.760.021.01.00.430.410.980.980.620.940.75-0.230.090.970.980.59
1.00.510.98-0.710.660.990.130.850.310.66-0.050.970.980.470.470.990.970.580.920.79-0.220.030.990.950.68
-0.73-0.44-0.77-0.71-0.96-0.620.18-0.62-0.39-0.720.06-0.76-0.8-0.48-0.33-0.69-0.76-0.31-0.84-0.460.24-0.21-0.68-0.74-0.55
0.670.480.70.66-0.960.57-0.180.590.440.72-0.040.70.740.520.520.630.70.340.790.4-0.180.20.620.650.63
0.980.460.930.99-0.620.570.180.820.280.57-0.050.930.930.470.480.970.930.570.850.81-0.19-0.040.980.910.7
0.13-0.10.120.130.18-0.180.180.230.26-0.020.180.120.080.240.130.130.040.15-0.020.250.65-0.110.110.090.03
0.850.670.860.85-0.620.590.820.230.370.690.140.870.860.230.490.860.770.780.720.60.02-0.240.840.830.49
0.320.270.330.31-0.390.440.280.260.370.23-0.030.330.340.730.40.20.270.270.330.41-0.110.110.210.170.32
0.690.770.760.66-0.720.720.57-0.020.690.230.330.780.760.110.530.70.690.720.750.21-0.120.150.660.760.33
-0.030.380.02-0.050.06-0.04-0.050.180.14-0.030.330.04-0.02-0.260.110.03-0.140.33-0.04-0.120.26-0.44-0.040.04-0.05
0.980.611.00.97-0.760.70.930.120.870.330.780.040.990.40.440.980.970.660.940.73-0.220.070.970.980.57
0.980.561.00.98-0.80.740.930.080.860.340.76-0.020.990.440.440.970.980.60.960.73-0.250.110.970.980.61
0.46-0.020.430.47-0.480.520.470.240.230.730.11-0.260.40.440.30.360.48-0.060.480.65-0.230.430.390.310.53
0.470.60.410.47-0.330.520.480.130.490.40.530.110.440.440.30.410.380.60.410.160.14-0.080.440.320.62
0.990.540.980.99-0.690.630.970.130.860.20.70.030.980.970.360.410.970.610.910.76-0.190.00.990.980.62
0.980.470.980.97-0.760.70.930.040.770.270.69-0.140.970.980.480.380.970.490.950.77-0.310.20.970.960.64
0.60.870.620.58-0.310.340.570.150.780.270.720.330.660.6-0.060.60.610.490.490.20.01-0.30.590.610.13
0.930.480.940.92-0.840.790.85-0.020.720.330.75-0.040.940.960.480.410.910.950.490.66-0.320.190.910.930.6
0.790.150.750.79-0.460.40.810.250.60.410.21-0.120.730.730.650.160.760.770.20.66-0.220.020.770.70.65
-0.22-0.05-0.23-0.220.24-0.18-0.190.650.02-0.11-0.120.26-0.22-0.25-0.230.14-0.19-0.310.01-0.32-0.22-0.34-0.22-0.220.0
0.04-0.160.090.03-0.210.2-0.04-0.11-0.240.110.15-0.440.070.110.43-0.080.00.2-0.30.190.02-0.340.010.07-0.04
0.990.510.970.99-0.680.620.980.110.840.210.66-0.040.970.970.390.440.990.970.590.910.77-0.220.010.960.66
0.960.550.980.95-0.740.650.910.090.830.170.760.040.980.980.310.320.980.960.610.930.7-0.220.070.960.51
0.670.220.590.68-0.550.630.70.030.490.320.33-0.050.570.610.530.620.620.640.130.60.650.0-0.040.660.51
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Fineotex Chemical Account Relationship Matchups

Fineotex Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.7B3.4B4.2B5.5B5.8B
Other Current Liab16.0M84.6M72.3M103.3M113.8M119.5M
Total Current Liabilities313.2M497.4M680.7M627.2M894.1M938.8M
Total Stockholder Equity1.7B2.1B2.6B3.5B4.5B4.7B
Net Debt(143.4M)(196.8M)(289.3M)(302.9M)(175.5M)(184.3M)
Cash173.8M231.6M308.4M375.7M227.5M153.1M
Non Current Assets Total924.6M1.0B1.1B2.0B2.6B2.8B
Non Currrent Assets Other159.5M53.3M43.3M45.0M264.6M277.8M
Cash And Short Term Investments258.8M279.3M308.4M611.9M732.0M768.6M
Liabilities And Stockholders Equity2.1B2.7B3.4B4.2B5.5B5.8B
Other Current Assets2K262.7M298.6M255.3M237.2M249.0M
Other Stockholder Equity118.0M(1.5B)(1.6B)80.6M81.7M85.8M
Total Liab318.7M509.9M701.0M659.0M945.9M993.2M
Total Current Assets1.2B1.6B2.3B2.2B2.9B3.0B
Short Long Term Debt Total30.4M34.8M19.1M72.8M51.9M30.5M
Property Plant And Equipment Net313.1M540.7M739.6M891.6M1.3B1.4B
Net Receivables684.3M886.7M1.1B1.0B1.4B1.5B
Non Current Liabilities Total5.5M12.5M20.2M31.9M51.8M54.4M
Inventory210.9M287.5M595.9M472.9M501.1M526.1M
Accumulated Other Comprehensive Income(34.5M)2.6M12.7M39.0M(134.2M)(127.5M)
Short Term Investments85.0M47.8M1K236.2M117.0M107.4M
Current Deferred Revenue33.1M80.7M57.2M(6.1M)2.4M2.3M
Retained Earnings1.4B1.8B2.3B3.1B4.3B4.5B
Accounts Payable233.8M368.4M587.7M473.6M728.0M764.4M
Short Term Debt30.4M41.6M19.1M72.8M51.9M33.3M
Net Tangible Assets1.6B2.0B2.6B3.4B3.9B4.1B
Other Assets164.9M225.6M221.8M45.0M3K2.9K
Short Long Term Debt30.4M34.1M18.8M72.8M51.9M35.8M
Property Plant Equipment313.1M540.7M739.6M891.6M1.0B1.1B
Other Liab5.5M12.5M20.2M31.9M36.6M38.5M
Cash And Equivalents5.5M107.5M72.2M290.1M333.7M350.3M
Net Invested Capital1.7B2.1B2.6B3.6B4.5B2.8B
Net Working Capital840.7M1.2B1.6B1.6B2.0B1.3B

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Other Information on Investing in Fineotex Stock

Balance Sheet is a snapshot of the financial position of Fineotex Chemical at a specified time, usually calculated after every quarter, six months, or one year. Fineotex Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fineotex Chemical 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 Fineotex currently owns. An asset can also be divided into two categories, current and non-current.