Weichai Income Before Tax vs Ebit Analysis

000880 Stock

11.84 0.94 7.36%

Weichai Heavy financial indicator trend analysis is more than just analyzing Weichai Heavy Machinery current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weichai Heavy Machinery is a good investment. Please check the relationship between Weichai Heavy Income Before Tax and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Weichai Heavy Machinery. 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.

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weichai Heavy Machinery Income Before Tax account and Ebit. At this time, the significance of the direction appears to have no relationship.

The correlation between Weichai Heavy's Income Before Tax and Ebit is 0.01. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit in the same time period over historical financial statements of Weichai Heavy Machinery, assuming nothing else is changed. The correlation between historical values of Weichai Heavy's Income Before Tax and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Weichai Heavy Machinery are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., Weichai Heavy's Income Before Tax and Ebit go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Weichai Heavy income statement and is an important metric when analyzing Weichai Heavy Machinery profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Ebit

Most indicators from Weichai Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weichai Heavy Machinery 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 Weichai Heavy Machinery. 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 Selling General Administrative is expected to grow to about 140.5 M, whereas Tax Provision is projected to grow to (12.2 M).

	2021	2022	2023	2024 (projected)
Income Before Tax	138.5M	152.1M	153.7M	103.3M
Cost Of Revenue	2.9B	3.0B	3.3B	2.1B

Income Before Tax Cost Of Revenue

Weichai Heavy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Current Liabilities Total	Other Assets	Property Plant Equipment
Total Assets		0.54	0.07	1.0	0.99	0.24	0.03	-0.77	0.93	0.7	0.89	0.54	-0.17	0.89	0.89	0.62	-0.46	-0.19	0.99	0.93	0.5	0.57	0.8	0.57	-0.17	0.27
Short Long Term Debt Total	0.54		0.0	0.53	0.51	-0.31	-0.53	-0.1	0.66	-0.05	0.67	-0.14	0.1	0.67	0.57	0.11	0.19	-0.46	0.49	0.66	0.61	-0.05	0.19	-0.03	-0.37	-0.19
Other Current Liab	0.07	0.0		0.04	0.13	0.12	0.22	-0.07	0.1	-0.17	0.04	0.0	0.77	0.04	0.0	0.1	-0.08	0.37	0.01	0.05	-0.33	-0.21	0.19	-0.28	0.24	0.25
Total Current Liabilities	1.0	0.53	0.04		0.97	0.23	0.0	-0.77	0.92	0.71	0.89	0.53	-0.21	0.89	0.89	0.62	-0.44	-0.21	1.0	0.93	0.53	0.58	0.78	0.56	-0.17	0.25
Total Stockholder Equity	0.99	0.51	0.13	0.97		0.31	0.11	-0.76	0.91	0.69	0.86	0.58	-0.11	0.86	0.83	0.63	-0.53	-0.1	0.96	0.9	0.42	0.57	0.85	0.55	-0.13	0.35
Property Plant And Equipment Net	0.24	-0.31	0.12	0.23	0.31		0.6	-0.07	-0.09	0.57	-0.16	0.89	-0.19	-0.16	-0.17	0.61	-0.92	0.81	0.25	-0.11	-0.11	0.78	0.58	0.26	0.43	0.95
Current Deferred Revenue	0.03	-0.53	0.22	0.0	0.11	0.6		-0.2	-0.14	0.29	-0.18	0.5	0.17	-0.18	-0.23	0.33	-0.56	0.53	0.02	-0.18	-0.61	0.28	0.43	0.14	0.2	0.56
Net Debt	-0.77	-0.1	-0.07	-0.77	-0.76	-0.07	-0.2		-0.74	-0.69	-0.8	-0.34	0.19	-0.8	-0.76	-0.32	0.36	0.26	-0.79	-0.79	-0.22	-0.35	-0.7	-0.57	0.24	-0.07
Retained Earnings	0.93	0.66	0.1	0.92	0.91	-0.09	-0.14	-0.74		0.49	0.95	0.25	-0.02	0.95	0.97	0.46	-0.14	-0.47	0.91	0.99	0.48	0.29	0.64	0.48	-0.31	-0.04
Accounts Payable	0.7	-0.05	-0.17	0.71	0.69	0.57	0.29	-0.69	0.49		0.47	0.84	-0.4	0.47	0.51	0.74	-0.72	0.11	0.76	0.51	0.23	0.88	0.8	0.8	0.06	0.49
Cash	0.89	0.67	0.04	0.89	0.86	-0.16	-0.18	-0.8	0.95	0.47		0.15	-0.09	1.0	0.91	0.28	-0.13	-0.48	0.87	0.98	0.54	0.21	0.61	0.41	-0.39	-0.09
Non Current Assets Total	0.54	-0.14	0.0	0.53	0.58	0.89	0.5	-0.34	0.25	0.84	0.15		-0.28	0.15	0.19	0.84	-0.89	0.54	0.56	0.22	0.09	0.94	0.8	0.55	0.33	0.84
Non Currrent Assets Other	-0.17	0.1	0.77	-0.21	-0.11	-0.19	0.17	0.19	-0.02	-0.4	-0.09	-0.28		-0.09	-0.13	-0.07	0.23	0.12	-0.23	-0.09	-0.54	-0.46	-0.09	-0.26	0.13	-0.08
Cash And Short Term Investments	0.89	0.67	0.04	0.89	0.86	-0.16	-0.18	-0.8	0.95	0.47	1.0	0.15	-0.09		0.91	0.28	-0.13	-0.48	0.87	0.98	0.54	0.21	0.61	0.41	-0.39	-0.09
Net Receivables	0.89	0.57	0.0	0.89	0.83	-0.17	-0.23	-0.76	0.97	0.51	0.91	0.19	-0.13	0.91		0.42	-0.05	-0.57	0.89	0.97	0.5	0.27	0.54	0.54	-0.38	-0.15
Inventory	0.62	0.11	0.1	0.62	0.63	0.61	0.33	-0.32	0.46	0.74	0.28	0.84	-0.07	0.28	0.42		-0.56	0.22	0.64	0.41	0.11	0.8	0.76	0.49	0.18	0.61
Other Current Assets	-0.46	0.19	-0.08	-0.44	-0.53	-0.92	-0.56	0.36	-0.14	-0.72	-0.13	-0.89	0.23	-0.13	-0.05	-0.56		-0.68	-0.46	-0.15	0.01	-0.81	-0.72	-0.45	-0.35	-0.87
Other Stockholder Equity	-0.19	-0.46	0.37	-0.21	-0.1	0.81	0.53	0.26	-0.47	0.11	-0.48	0.54	0.12	-0.48	-0.57	0.22	-0.68		-0.21	-0.48	-0.31	0.36	0.22	-0.18	0.69	0.82
Total Liab	0.99	0.49	0.01	1.0	0.96	0.25	0.02	-0.79	0.91	0.76	0.87	0.56	-0.23	0.87	0.89	0.64	-0.46	-0.21		0.92	0.51	0.61	0.78	0.63	-0.17	0.25
Total Current Assets	0.93	0.66	0.05	0.93	0.9	-0.11	-0.18	-0.79	0.99	0.51	0.98	0.22	-0.09	0.98	0.97	0.41	-0.15	-0.48	0.92		0.53	0.29	0.63	0.47	-0.36	-0.06
Short Term Debt	0.5	0.61	-0.33	0.53	0.42	-0.11	-0.61	-0.22	0.48	0.23	0.54	0.09	-0.54	0.54	0.5	0.11	0.01	-0.31	0.51	0.53		0.29	0.16	0.09	-0.04	-0.1
Intangible Assets	0.57	-0.05	-0.21	0.58	0.57	0.78	0.28	-0.35	0.29	0.88	0.21	0.94	-0.46	0.21	0.27	0.8	-0.81	0.36	0.61	0.29	0.29		0.7	0.66	0.26	0.68
Common Stock	0.8	0.19	0.19	0.78	0.85	0.58	0.43	-0.7	0.64	0.8	0.61	0.8	-0.09	0.61	0.54	0.76	-0.72	0.22	0.78	0.63	0.16	0.7		0.48	0.02	0.66
Non Current Liabilities Total	0.57	-0.03	-0.28	0.56	0.55	0.26	0.14	-0.57	0.48	0.8	0.41	0.55	-0.26	0.41	0.54	0.49	-0.45	-0.18	0.63	0.47	0.09	0.66	0.48		-0.08	0.09
Other Assets	-0.17	-0.37	0.24	-0.17	-0.13	0.43	0.2	0.24	-0.31	0.06	-0.39	0.33	0.13	-0.39	-0.38	0.18	-0.35	0.69	-0.17	-0.36	-0.04	0.26	0.02	-0.08		0.37
Property Plant Equipment	0.27	-0.19	0.25	0.25	0.35	0.95	0.56	-0.07	-0.04	0.49	-0.09	0.84	-0.08	-0.09	-0.15	0.61	-0.87	0.82	0.25	-0.06	-0.1	0.68	0.66	0.09	0.37

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Weichai Heavy Account Relationship Matchups

Weichai Heavy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.3B	4.4B	4.7B	5.1B	5.4B	5.7B
Short Long Term Debt Total	48.1M	826.0M	16.5M	4.1M	941.7M	988.8M
Other Current Liab	(749.0M)	(298.7M)	47.5M	481.4M	442.8M	465.0M
Total Current Liabilities	2.6B	2.6B	2.7B	2.9B	3.2B	3.3B
Total Stockholder Equity	1.5B	1.6B	1.7B	1.8B	1.9B	2.0B
Property Plant And Equipment Net	1.2B	1.2B	1.1B	930.2M	830.4M	788.9M
Net Debt	(1.0B)	(480.5M)	(1.5B)	(1.8B)	(1.2B)	(1.1B)
Retained Earnings	476.4M	571.2M	681.2M	800.4M	901.5M	946.6M
Accounts Payable	2.0B	2.0B	2.1B	2.2B	1.6B	1.0B
Cash	1.1B	1.3B	1.5B	1.8B	2.1B	2.2B
Non Current Assets Total	2.2B	2.1B	2.1B	1.9B	1.9B	1.2B
Non Currrent Assets Other	(2.1M)	(406.8K)	(131.6K)	2.0	1.0	0.95
Cash And Short Term Investments	1.1B	1.3B	1.5B	1.8B	2.1B	2.2B
Net Receivables	557.4M	509.2M	633.2M	930.4M	855.9M	898.7M
Liabilities And Stockholders Equity	4.3B	4.4B	4.7B	5.1B	5.4B	5.7B
Inventory	426.0M	492.5M	484.7M	468.9M	565.5M	286.1M
Other Current Assets	5.5M	6.2M	9.0M	8.7M	26.4M	19.5M
Other Stockholder Equity	678.3M	689.2M	270.9M	215.7M	215.7M	204.9M
Total Liab	2.8B	2.9B	3.0B	3.3B	3.2B	3.4B
Total Current Assets	2.1B	2.3B	2.6B	3.2B	3.6B	3.7B
Intangible Assets	213.4M	215.7M	176.0M	169.5M	151.4M	117.5M
Non Current Liabilities Total	201.5M	299.1M	283.7M	326.8M	75.7M	112.4M
Property Plant Equipment	1.3B	1.2B	1.2B	1.1B	1.2B	981.8M
Short Term Investments	(15.6M)	(11.1M)	(11.3M)	(10.6M)	(9.6M)	(9.1M)
Other Liab	171.3M	201.5M	299.1M	275.5M	316.8M	332.6M
Net Tangible Assets	1.2B	1.3B	1.4B	1.5B	1.7B	1.4B
Non Current Liabilities Other	18.9M	30.1M	26.2M	54.0M	38.1M	30.2M
Net Invested Capital	1.5B	1.6B	1.7B	1.8B	1.9B	1.8B
Net Working Capital	(511.7M)	(268.9M)	(91.0M)	223.5M	389.2M	408.7M

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

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Weichai Income Before Tax vs Ebit Analysis

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

Correlation Coefficient

Income Before Tax

Ebit

Weichai Heavy fundamental ratios Correlations

Weichai Heavy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Weichai Heavy fundamental ratios Accounts

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Other Information on Investing in Weichai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Retained Earnings

Other Current Assets	- 0.92	Property Plant And Equipment Net
Other Current Assets	- 0.89	Non Current Assets Total
Property Plant Equipment	- 0.87	Other Current Assets
Intangible Assets	- 0.81	Other Current Assets
Cash And Short Term Investments	- 0.8	Net Debt
Cash	- 0.8	Net Debt