360 Cost Of Revenue vs Revenue Per Share Analysis
QFIN Stock | USD 36.18 1.93 5.06% |
360 Finance financial indicator trend analysis is way more than just evaluating 360 Finance prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 360 Finance is a good investment. Please check the relationship between 360 Finance Cost Of Revenue and its Revenue Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.
Cost Of Revenue vs Revenue Per Share
Cost Of Revenue vs Revenue Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 360 Finance Cost Of Revenue account and Revenue Per Share. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 360 Finance's Cost Of Revenue and Revenue Per Share is 0.86. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Revenue Per Share in the same time period over historical financial statements of 360 Finance, assuming nothing else is changed. The correlation between historical values of 360 Finance's Cost Of Revenue and Revenue Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of 360 Finance are associated (or correlated) with its Revenue Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Revenue Per Share has no effect on the direction of Cost Of Revenue i.e., 360 Finance's Cost Of Revenue and Revenue Per Share go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cost Of Revenue
Cost of Revenue is found on 360 Finance income statement and represents the costs associated with goods and services 360 Finance 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.Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.Most indicators from 360 Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 360 Finance 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.At this time, 360 Finance's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 2nd of December 2024, Enterprise Value Multiple is likely to grow to 2.58, while Tax Provision is likely to drop about 603 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 66.0M | 77.0M | 73.8M | 41.7M | Net Interest Income | 2.3B | 3.7B | 4.9B | 5.1B |
360 Finance fundamental ratios Correlations
Click cells to compare fundamentals
360 Finance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
360 Finance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.4B | 24.4B | 33.5B | 40.3B | 45.8B | 24.0B | |
Short Long Term Debt Total | 200M | 186.8M | 397.6M | 150M | 827.7M | 869.1M | |
Other Current Liab | (200M) | (1.7B) | (1.3B) | (1.0B) | (1.7B) | (1.6B) | |
Total Current Liabilities | 200M | 186.8M | 397.6M | 150M | 34.2B | 35.9B | |
Total Stockholder Equity | 7.2B | 9.5B | 15.2B | 18.8B | 21.9B | 23.0B | |
Other Liab | 3.4B | 1.5B | 4.1B | 4.7B | 5.4B | 5.6B | |
Net Tangible Assets | 7.2B | 9.5B | 14.2B | 17.8B | 20.5B | 21.5B | |
Property Plant And Equipment Net | 17.1M | 19.4M | 24.9M | 47.6M | 276.6M | 290.4M | |
Net Debt | (1.9B) | (4.2B) | (5.7B) | (7.0B) | (3.4B) | (3.5B) | |
Retained Earnings | 2.1B | 4.1B | 9.6B | 12.8B | 16.3B | 17.1B | |
Accounts Payable | 14.6M | 0.09 | 41.9M | 47.4M | 54.5M | 57.2M | |
Cash | 2.1B | 4.4B | 6.1B | 7.2B | 4.2B | 3.6B | |
Non Current Assets Total | 20.6M | 22.8M | 1.0B | 1.1B | 6.0B | 6.3B | |
Non Currrent Assets Other | (20.6M) | (22.8M) | (1.0B) | (1.0B) | 4.7B | 4.9B | |
Other Assets | 13.3B | 12.7B | 17.5B | 23.6B | (4.9B) | (4.6B) | |
Cash And Short Term Investments | 2.1B | 4.4B | 6.1B | 7.2B | 4.2B | 3.6B | |
Net Receivables | 4.9B | 1.2B | 3.8B | 3.3B | 7.8B | 8.2B | |
Common Stock Shares Outstanding | 150.5M | 153.3M | 160.7M | 161.0M | 164.3M | 136.2M | |
Liabilities And Stockholders Equity | 20.4B | 24.4B | 33.5B | 40.3B | 45.8B | 24.0B | |
Non Current Liabilities Total | 3.5B | 37.8M | 121.4M | 150M | 3.9B | 4.1B | |
Capital Lease Obligations | 21.0M | 28.5M | 25.8M | 30.7M | 29.1M | 18.6M | |
Inventory | (15.1B) | (15.1B) | (18.5B) | (25.8B) | (4.9B) | (5.1B) | |
Other Current Assets | 15.1B | 15.5B | 18.9B | 26.2B | 32.6B | 34.3B | |
Other Stockholder Equity | 5.1B | 5.4B | 5.7B | 6.1B | 5.7B | 4.6B | |
Total Liab | 200M | 14.9B | 18.3B | 21.4B | 23.8B | 25.0B | |
Short Long Term Debt | 200M | 186.8M | 397.6M | 150M | 798.6M | 838.5M | |
Total Current Assets | 7.0B | 11.7B | 15.0B | 15.6B | 44.7B | 46.9B | |
Accumulated Other Comprehensive Income | 24.9M | (74.4M) | (110.9M) | (51.8M) | (34.7M) | (36.4M) | |
Short Term Debt | 200M | 215.3M | 423.4M | 180.7M | 827.7M | 869.1M | |
Intangible Assets | 3.5M | 3.4M | 1.0B | 1.0B | 990.9M | 1.0B | |
Common Stock | 590M | 20K | 21K | 22K | 19.8K | 18.8K | |
Property Plant Equipment | 17.1M | 19.4M | 67.5M | 47.6M | 54.7M | 57.5M |
Pair Trading with 360 Finance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 360 Finance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 360 Finance will appreciate offsetting losses from the drop in the long position's value.Moving together with 360 Stock
0.66 | DIST | Distoken Acquisition | PairCorr |
0.77 | AB | AllianceBernstein | PairCorr |
0.83 | AC | Associated Capital | PairCorr |
Moving against 360 Stock
The ability to find closely correlated positions to 360 Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 360 Finance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 360 Finance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 360 Finance to buy it.
The correlation of 360 Finance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 360 Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 360 Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 360 Finance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 360 Finance. If investors know 360 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 360 Finance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.343 | Earnings Share 4.84 | Revenue Per Share 109.127 | Quarterly Revenue Growth 0.063 | Return On Assets 0.107 |
The market value of 360 Finance is measured differently than its book value, which is the value of 360 that is recorded on the company's balance sheet. Investors also form their own opinion of 360 Finance's value that differs from its market value or its book value, called intrinsic value, which is 360 Finance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 360 Finance's market value can be influenced by many factors that don't directly affect 360 Finance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 360 Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if 360 Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 360 Finance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.