Zoomlion Net Income vs Operating Income Analysis

000157 Stock

7.19 0.05 0.69%

Zoomlion Heavy financial indicator trend analysis is more than just analyzing Zoomlion Heavy Industry current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomlion Heavy Industry is a good investment. Please check the relationship between Zoomlion Heavy Net Income and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zoomlion Heavy Industry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoomlion Heavy Industry Net Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Zoomlion Heavy's Net Income and Operating Income is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Zoomlion Heavy Industry, assuming nothing else is changed. The correlation between historical values of Zoomlion Heavy's Net Income 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 Net Income of Zoomlion Heavy Industry 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 Net Income i.e., Zoomlion Heavy's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Zoomlion Heavy Industry financial statement analysis. It represents the amount of money remaining after all of Zoomlion Heavy Industry operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from Zoomlion Heavy Industry 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 Zoomlion Heavy Industry 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 Zoomlion Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomlion Heavy Industry 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 Zoomlion Heavy Industry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Tax Provision is expected to grow to about 563.8 M, whereas Selling General Administrative is forecasted to decline to about 3 B.

	2023	2024 (projected)
Discontinued Operations	679.9M	604.4M
Research Development	3.4B	3.6B

Discontinued Operations Research Development

Zoomlion Heavy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.67	0.79	0.99	0.55	0.97	0.84	0.54	0.58	0.64	0.6	0.25	0.99	0.91	0.78	0.75	0.44	0.9	0.29	0.58	-0.48	-0.47	0.57	-0.11	0.22	-0.1
Other Current Liab	0.67		0.64	0.73	0.46	0.71	0.7	0.74	0.81	0.4	0.36	-0.05	0.61	0.65	0.56	0.41	-0.09	0.49	0.13	0.46	-0.14	-0.35	0.28	-0.32	0.47	-0.13
Total Current Liabilities	0.79	0.64		0.77	0.86	0.76	0.77	0.41	0.57	0.37	0.84	0.37	0.78	0.65	0.86	0.88	0.09	0.77	0.34	0.66	-0.63	-0.65	0.65	-0.22	0.46	0.15
Total Stockholder Equity	0.99	0.73	0.77		0.54	0.96	0.82	0.62	0.61	0.63	0.56	0.25	0.96	0.93	0.78	0.73	0.36	0.88	0.24	0.6	-0.42	-0.41	0.51	-0.12	0.26	-0.15
Other Liab	0.55	0.46	0.86	0.54		0.53	0.71	0.15	0.47	0.02	0.82	0.47	0.53	0.33	0.63	0.79	-0.18	0.52	0.15	0.84	-0.68	-0.78	0.67	-0.4	0.55	-0.05
Retained Earnings	0.97	0.71	0.76	0.96	0.53		0.88	0.51	0.57	0.71	0.53	0.19	0.96	0.88	0.72	0.71	0.41	0.81	0.3	0.55	-0.47	-0.51	0.56	-0.25	0.29	-0.18
Accounts Payable	0.84	0.7	0.77	0.82	0.71	0.88		0.38	0.72	0.44	0.51	0.1	0.83	0.66	0.56	0.62	0.08	0.62	0.21	0.69	-0.54	-0.74	0.61	-0.47	0.49	-0.32
Cash	0.54	0.74	0.41	0.62	0.15	0.51	0.38		0.64	0.39	0.28	-0.13	0.48	0.69	0.51	0.33	0.11	0.45	-0.24	0.24	0.27	0.14	-0.22	0.0	0.34	-0.1
Other Assets	0.58	0.81	0.57	0.61	0.47	0.57	0.72	0.64		0.16	0.37	-0.1	0.55	0.54	0.5	0.32	-0.08	0.47	-0.03	0.4	-0.08	-0.49	0.24	-0.33	0.36	-0.21
Net Receivables	0.64	0.4	0.37	0.63	0.02	0.71	0.44	0.39	0.16		0.24	-0.2	0.65	0.77	0.52	0.48	0.65	0.51	0.11	-0.02	-0.23	-0.05	0.06	-0.17	0.11	-0.15
Inventory	0.6	0.36	0.84	0.56	0.82	0.53	0.51	0.28	0.37	0.24		0.48	0.61	0.51	0.84	0.93	0.26	0.7	-0.01	0.59	-0.53	-0.54	0.45	-0.28	0.37	0.06
Other Current Assets	0.25	-0.05	0.37	0.25	0.47	0.19	0.1	-0.13	-0.1	-0.2	0.48		0.24	0.16	0.46	0.49	0.17	0.47	0.23	0.37	-0.39	-0.27	0.55	0.01	-0.21	0.05
Total Liab	0.99	0.61	0.78	0.96	0.53	0.96	0.83	0.48	0.55	0.65	0.61	0.24		0.89	0.77	0.74	0.5	0.89	0.32	0.54	-0.51	-0.49	0.59	-0.1	0.19	-0.06
Intangible Assets	0.91	0.65	0.65	0.93	0.33	0.88	0.66	0.69	0.54	0.77	0.51	0.16	0.89		0.81	0.68	0.54	0.87	0.12	0.34	-0.31	-0.19	0.28	-0.08	0.14	-0.16
Common Stock	0.78	0.56	0.86	0.78	0.63	0.72	0.56	0.51	0.5	0.52	0.84	0.46	0.77	0.81		0.9	0.42	0.89	0.18	0.4	-0.46	-0.39	0.44	-0.12	0.17	0.11
Property Plant Equipment	0.75	0.41	0.88	0.73	0.79	0.71	0.62	0.33	0.32	0.48	0.93	0.49	0.74	0.68	0.9		0.36	0.8	0.09	0.61	-0.61	-0.52	0.5	-0.27	0.35	-0.02
Long Term Debt	0.44	-0.09	0.09	0.36	-0.18	0.41	0.08	0.11	-0.08	0.65	0.26	0.17	0.5	0.54	0.42	0.36		0.5	-0.02	-0.23	-0.08	0.09	0.01	0.03	-0.34	-0.07
Good Will	0.9	0.49	0.77	0.88	0.52	0.81	0.62	0.45	0.47	0.51	0.7	0.47	0.89	0.87	0.89	0.8	0.5		0.28	0.43	-0.51	-0.39	0.55	0.05	-0.05	0.02
Short Term Investments	0.29	0.13	0.34	0.24	0.15	0.3	0.21	-0.24	-0.03	0.11	-0.01	0.23	0.32	0.12	0.18	0.09	-0.02	0.28		0.1	-0.47	-0.26	0.71	0.35	-0.11	0.62
Net Tangible Assets	0.58	0.46	0.66	0.6	0.84	0.55	0.69	0.24	0.4	-0.02	0.59	0.37	0.54	0.34	0.4	0.61	-0.23	0.43	0.1		-0.48	-0.58	0.59	-0.22	0.59	-0.12
Other Stockholder Equity	-0.48	-0.14	-0.63	-0.42	-0.68	-0.47	-0.54	0.27	-0.08	-0.23	-0.53	-0.39	-0.51	-0.31	-0.46	-0.61	-0.08	-0.51	-0.47	-0.48		0.64	-0.79	0.2	-0.14	-0.04
Deferred Long Term Liab	-0.47	-0.35	-0.65	-0.41	-0.78	-0.51	-0.74	0.14	-0.49	-0.05	-0.54	-0.27	-0.49	-0.19	-0.39	-0.52	0.09	-0.39	-0.26	-0.58	0.64		-0.77	0.47	-0.24	0.19
Long Term Investments	0.57	0.28	0.65	0.51	0.67	0.56	0.61	-0.22	0.24	0.06	0.45	0.55	0.59	0.28	0.44	0.5	0.01	0.55	0.71	0.59	-0.79	-0.77		-0.06	0.04	0.17
Short Long Term Debt	-0.11	-0.32	-0.22	-0.12	-0.4	-0.25	-0.47	0.0	-0.33	-0.17	-0.28	0.01	-0.1	-0.08	-0.12	-0.27	0.03	0.05	0.35	-0.22	0.2	0.47	-0.06		-0.52	0.66
Total Current Assets	0.22	0.47	0.46	0.26	0.55	0.29	0.49	0.34	0.36	0.11	0.37	-0.21	0.19	0.14	0.17	0.35	-0.34	-0.05	-0.11	0.59	-0.14	-0.24	0.04	-0.52		-0.06
Short Term Debt	-0.1	-0.13	0.15	-0.15	-0.05	-0.18	-0.32	-0.1	-0.21	-0.15	0.06	0.05	-0.06	-0.16	0.11	-0.02	-0.07	0.02	0.62	-0.12	-0.04	0.19	0.17	0.66	-0.06

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Zoomlion Heavy Account Relationship Matchups

Zoomlion Heavy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	92.1B	116.3B	122.0B	123.6B	130.9B	65.8B
Other Current Liab	7.0B	9.5B	13.0B	6.3B	9.7B	5.3B
Total Current Liabilities	34.6B	46.9B	49.7B	48.4B	50.0B	52.5B
Total Stockholder Equity	38.9B	46.7B	56.9B	54.7B	56.4B	28.3B
Other Liab	1.4B	3.1B	4.8B	5.8B	6.7B	7.0B
Retained Earnings	21.0B	26.5B	30.0B	24.9B	25.7B	13.5B
Accounts Payable	19.1B	32.6B	29.9B	26.5B	23.1B	12.0B
Cash	6.6B	12.5B	15.2B	15.5B	15.9B	9.9B
Other Assets	5.0B	9.1B	14.5B	9.0B	10.4B	5.9B
Net Receivables	37.5B	32.7B	50.7B	27.9B	24.6B	22.5B
Inventory	11.8B	14.7B	13.5B	14.2B	22.5B	23.6B
Other Current Assets	2.4B	2.3B	2.2B	7.4B	8.0B	8.4B
Total Liab	52.5B	68.4B	63.7B	66.6B	71.7B	36.9B
Intangible Assets	4.1B	4.6B	5.5B	5.3B	5.1B	3.3B
Common Stock	7.8B	7.9B	7.9B	8.7B	10.0B	10.5B
Property Plant Equipment	6.1B	7.1B	7.8B	9.7B	11.2B	11.8B
Long Term Debt	15.0B	16.3B	7.9B	11.0B	14.9B	10.8B
Good Will	2.1B	2.1B	1.9B	2.6B	2.7B	1.9B
Short Term Investments	4.3B	4.3B	6.4B	4.0B	1.8B	1.7B
Net Tangible Assets	32.1B	32.8B	40.1B	49.5B	56.9B	39.1B
Other Stockholder Equity	(1.2B)	(1.2B)	(1.2B)	(1.4B)	(1.2B)	(1.3B)
Deferred Long Term Liab	100.2M	28.4M	30.9M	60.6M	54.5M	61.0M
Short Long Term Debt	5.0B	3.0B	3.3B	6.2B	5.7B	4.2B
Total Current Assets	63.2B	81.2B	89.3B	73.6B	78.0B	80.8B
Non Current Assets Total	28.9B	35.0B	32.8B	50.0B	52.9B	36.3B
Non Currrent Assets Other	937.3K	1.0M	445.4M	304.5M	830.8M	872.4M
Non Current Liabilities Total	18.0B	21.4B	14.0B	18.2B	21.7B	15.3B
Non Current Liabilities Other	1.5B	2.4B	3.6B	3.1B	2.7B	3.3B
Net Debt	11.9B	13.0B	6.8B	1.7B	4.7B	7.3B
Common Stock Shares Outstanding	7.8B	7.9B	7.9B	8.7B	10.0B	9.0B
Net Invested Capital	58.4B	66.0B	68.1B	71.9B	77.0B	72.9B
Net Working Capital	28.6B	34.3B	39.6B	25.2B	28.0B	25.6B

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C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Zoomlion Stock

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

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Zoomlion Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Zoomlion Heavy fundamental ratios Correlations

Zoomlion Heavy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zoomlion Heavy fundamental ratios Accounts

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Other Information on Investing in Zoomlion Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Retained Earnings	+ 0.97	Total Assets
Retained Earnings	+ 0.96	Total Stockholder Equity
Total Liab	+ 0.96	Total Stockholder Equity
Total Liab	+ 0.96	Retained Earnings

Long Term Investments	- 0.79	Other Stockholder Equity
Deferred Long Term Liab	- 0.78	Other Liab
Long Term Investments	- 0.77	Deferred Long Term Liab
Deferred Long Term Liab	- 0.74	Accounts Payable
Other Stockholder Equity	- 0.68	Other Liab
Deferred Long Term Liab	- 0.65	Total Current Liabilities