ROUTE Stock | | | 1,440 25.85 1.76% |
ROUTE MOBILE financial indicator trend analysis is much more than just breaking down ROUTE MOBILE LIMITED prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ROUTE MOBILE LIMITED is a good investment. Please check the relationship between ROUTE MOBILE Minority Interest and its Operating Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in ROUTE MOBILE 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 income.
Minority Interest vs Operating Income
Minority Interest vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ROUTE MOBILE LIMITED Minority Interest account and
Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between ROUTE MOBILE's Minority Interest and Operating Income is -0.99. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Operating Income in the same time period over historical financial statements of ROUTE MOBILE LIMITED, assuming nothing else is changed. The correlation between historical values of ROUTE MOBILE's Minority Interest and Operating Income 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 ROUTE MOBILE LIMITED are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Minority Interest i.e., ROUTE MOBILE's Minority Interest and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.99 |
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 ROUTE MOBILE LIMITED whose combined shares represent less than 50% of the total outstanding shares issued by ROUTE MOBILE have a minority interest in ROUTE MOBILE.
Operating Income
Operating Income is the amount of profit realized from ROUTE MOBILE LIMITED operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ROUTE MOBILE LIMITED is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from ROUTE MOBILE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ROUTE MOBILE LIMITED 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 ROUTE MOBILE 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 income.
As of the 2nd of December 2024,
Tax Provision is likely to grow to about 695.5
M, while
Selling General Administrative is likely to drop about 27.6
M.
ROUTE MOBILE fundamental ratios Correlations
Click cells to compare fundamentals
ROUTE MOBILE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ROUTE MOBILE fundamental ratios Accounts
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Other Information on Investing in ROUTE Stock
Balance Sheet is a snapshot of the
financial position of ROUTE MOBILE LIMITED at a specified time, usually calculated after every quarter, six months, or one year. ROUTE MOBILE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ROUTE MOBILE 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 ROUTE currently owns. An asset can also be divided into two categories, current and non-current.