Sinosteel Net Income vs Ebitda Analysis

000928 Stock

7.10 0.21 3.05%

Sinosteel Engineering financial indicator trend analysis is much more than just breaking down Sinosteel Engineering and prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinosteel Engineering and is a good investment. Please check the relationship between Sinosteel Engineering Net Income and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinosteel Engineering and. 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 Ebitda

Net Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Engineering and Net Income account and Ebitda. At this time, the significance of the direction appears to have strong relationship.

The correlation between Sinosteel Engineering's Net Income and Ebitda is 0.78. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Sinosteel Engineering and, assuming nothing else is changed. The correlation between historical values of Sinosteel Engineering's Net Income and Ebitda 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 Sinosteel Engineering and are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Net Income i.e., Sinosteel Engineering's Net Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

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

Ebitda

Most indicators from Sinosteel Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinosteel Engineering and 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 Sinosteel Engineering and. 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.

As of November 29, 2024, Selling General Administrative is expected to decline to about 234.2 M. In addition to that, Tax Provision is expected to decline to about 179.5 M

	2021	2022	2023	2024 (projected)
Operating Income	518.0M	862.8M	1.3B	1.3B
Total Revenue	15.9B	18.7B	26.4B	27.7B

Operating Income Total Revenue

Sinosteel Engineering 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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Long Term Debt	Intangible Assets
Total Assets		0.42	0.07	1.0	0.99	-0.44	0.86	-0.96	0.96	0.99	0.96	0.92	0.9	0.96	0.57	0.58	0.69	0.8	0.81	1.0	0.99	0.04	0.92	0.75	0.42	0.44
Short Long Term Debt Total	0.42		-0.35	0.39	0.37	0.14	0.63	-0.37	0.45	0.3	0.51	0.58	0.45	0.52	0.04	0.81	0.59	0.26	0.09	0.43	0.34	0.64	0.31	0.24	0.76	0.18
Other Current Liab	0.07	-0.35		0.08	0.09	-0.38	-0.39	0.05	0.03	0.05	-0.12	-0.22	-0.26	-0.1	0.6	-0.13	0.12	-0.3	0.14	0.06	0.18	-0.31	0.27	-0.24	-0.23	0.57
Total Current Liabilities	1.0	0.39	0.08		0.98	-0.46	0.86	-0.96	0.95	0.99	0.96	0.91	0.89	0.96	0.57	0.55	0.68	0.8	0.82	1.0	0.99	0.04	0.91	0.76	0.38	0.4
Total Stockholder Equity	0.99	0.37	0.09	0.98		-0.4	0.82	-0.94	0.98	0.97	0.93	0.9	0.87	0.93	0.59	0.53	0.66	0.75	0.83	0.97	0.98	0.04	0.96	0.71	0.35	0.54
Property Plant And Equipment Net	-0.44	0.14	-0.38	-0.46	-0.4		-0.2	0.35	-0.37	-0.49	-0.28	-0.18	-0.17	-0.29	-0.75	-0.27	-0.28	-0.14	-0.36	-0.45	-0.52	0.52	-0.41	-0.11	-0.23	-0.07
Current Deferred Revenue	0.86	0.63	-0.39	0.86	0.82	-0.2		-0.91	0.86	0.83	0.95	0.97	0.96	0.94	0.17	0.69	0.57	0.88	0.56	0.87	0.78	0.2	0.69	0.81	0.59	0.12
Net Debt	-0.96	-0.37	0.05	-0.96	-0.94	0.35	-0.91		-0.95	-0.95	-0.99	-0.95	-0.96	-0.99	-0.38	-0.53	-0.58	-0.91	-0.71	-0.96	-0.92	-0.03	-0.86	-0.85	-0.37	-0.33
Retained Earnings	0.96	0.45	0.03	0.95	0.98	-0.37	0.86	-0.95		0.93	0.95	0.93	0.89	0.96	0.5	0.6	0.62	0.77	0.69	0.95	0.94	0.07	0.93	0.71	0.44	0.53
Accounts Payable	0.99	0.3	0.05	0.99	0.97	-0.49	0.83	-0.95	0.93		0.93	0.88	0.88	0.93	0.58	0.48	0.65	0.81	0.87	0.98	0.98	-0.03	0.89	0.77	0.32	0.35
Cash	0.96	0.51	-0.12	0.96	0.93	-0.28	0.95	-0.99	0.95	0.93		0.98	0.97	1.0	0.33	0.61	0.62	0.89	0.67	0.96	0.91	0.15	0.84	0.84	0.46	0.32
Non Current Assets Total	0.92	0.58	-0.22	0.91	0.9	-0.18	0.97	-0.95	0.93	0.88	0.98		0.98	0.98	0.24	0.67	0.62	0.89	0.63	0.92	0.85	0.15	0.81	0.84	0.55	0.31
Non Currrent Assets Other	0.9	0.45	-0.26	0.89	0.87	-0.17	0.96	-0.96	0.89	0.88	0.97	0.98		0.96	0.18	0.58	0.54	0.96	0.65	0.9	0.83	0.06	0.76	0.9	0.46	0.22
Cash And Short Term Investments	0.96	0.52	-0.1	0.96	0.93	-0.29	0.94	-0.99	0.96	0.93	1.0	0.98	0.96		0.34	0.61	0.62	0.88	0.67	0.96	0.91	0.16	0.85	0.83	0.45	0.34
Net Receivables	0.57	0.04	0.6	0.57	0.59	-0.75	0.17	-0.38	0.5	0.58	0.33	0.24	0.18	0.34		0.28	0.6	0.03	0.65	0.56	0.67	-0.2	0.66	0.03	0.14	0.56
Non Current Liabilities Total	0.58	0.81	-0.13	0.55	0.53	-0.27	0.69	-0.53	0.6	0.48	0.61	0.67	0.58	0.61	0.28		0.66	0.4	0.21	0.6	0.52	0.07	0.49	0.36	0.97	0.27
Inventory	0.69	0.59	0.12	0.68	0.66	-0.28	0.57	-0.58	0.62	0.65	0.62	0.62	0.54	0.62	0.6	0.66		0.38	0.61	0.7	0.69	0.2	0.63	0.43	0.53	0.41
Other Current Assets	0.8	0.26	-0.3	0.8	0.75	-0.14	0.88	-0.91	0.77	0.81	0.89	0.89	0.96	0.88	0.03	0.4	0.38		0.6	0.8	0.72	-0.04	0.61	0.94	0.31	0.03
Other Stockholder Equity	0.81	0.09	0.14	0.82	0.83	-0.36	0.56	-0.71	0.69	0.87	0.67	0.63	0.65	0.67	0.65	0.21	0.61	0.6		0.8	0.85	-0.06	0.75	0.59	0.07	0.39
Total Liab	1.0	0.43	0.06	1.0	0.97	-0.45	0.87	-0.96	0.95	0.98	0.96	0.92	0.9	0.96	0.56	0.6	0.7	0.8	0.8		0.99	0.04	0.91	0.76	0.44	0.4
Total Current Assets	0.99	0.34	0.18	0.99	0.98	-0.52	0.78	-0.92	0.94	0.98	0.91	0.85	0.83	0.91	0.67	0.52	0.69	0.72	0.85	0.99		0.0	0.93	0.68	0.35	0.47
Short Term Debt	0.04	0.64	-0.31	0.04	0.04	0.52	0.2	-0.03	0.07	-0.03	0.15	0.15	0.06	0.16	-0.2	0.07	0.2	-0.04	-0.06	0.04	0.0		0.0	-0.03	-0.01	0.06
Common Stock	0.92	0.31	0.27	0.91	0.96	-0.41	0.69	-0.86	0.93	0.89	0.84	0.81	0.76	0.85	0.66	0.49	0.63	0.61	0.75	0.91	0.93	0.0		0.56	0.3	0.68
Other Assets	0.75	0.24	-0.24	0.76	0.71	-0.11	0.81	-0.85	0.71	0.77	0.84	0.84	0.9	0.83	0.03	0.36	0.43	0.94	0.59	0.76	0.68	-0.03	0.56		0.27	0.03
Long Term Debt	0.42	0.76	-0.23	0.38	0.35	-0.23	0.59	-0.37	0.44	0.32	0.46	0.55	0.46	0.45	0.14	0.97	0.53	0.31	0.07	0.44	0.35	-0.01	0.3	0.27		0.1
Intangible Assets	0.44	0.18	0.57	0.4	0.54	-0.07	0.12	-0.33	0.53	0.35	0.32	0.31	0.22	0.34	0.56	0.27	0.41	0.03	0.39	0.4	0.47	0.06	0.68	0.03	0.1

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Sinosteel Engineering Account Relationship Matchups

Sinosteel Engineering fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.3B	19.7B	24.3B	26.7B	30.0B	31.5B
Short Long Term Debt Total	1.2B	1.7B	2.5B	2.3B	1.1B	1.2B
Other Current Liab	3.8B	154.0M	324.1M	421.8M	161.0M	153.0M
Total Current Liabilities	12.8B	13.7B	16.4B	18.1B	21.4B	22.5B
Total Stockholder Equity	5.2B	5.6B	6.2B	6.5B	7.9B	8.3B
Property Plant And Equipment Net	228.1M	205.7M	227.9M	157.9M	226.6M	372.5M
Current Deferred Revenue	256.5M	3.1B	4.7B	5.4B	5.4B	5.7B
Net Debt	(2.8B)	(3.5B)	(4.4B)	(5.9B)	(8.7B)	(8.2B)
Retained Earnings	2.0B	2.4B	2.7B	3.0B	3.4B	3.5B
Accounts Payable	7.6B	8.7B	10.3B	11.6B	15.0B	15.8B
Cash	4.0B	5.2B	6.9B	8.2B	9.7B	10.2B
Non Current Assets Total	2.8B	3.8B	6.3B	7.6B	7.9B	8.3B
Non Currrent Assets Other	969.1M	1.8B	3.9B	5.1B	6.4B	6.7B
Cash And Short Term Investments	4.5B	5.6B	6.9B	8.2B	9.7B	10.2B
Net Receivables	9.4B	8.6B	8.1B	7.1B	6.9B	3.5B
Liabilities And Stockholders Equity	18.3B	19.7B	24.3B	26.7B	30.0B	31.5B
Non Current Liabilities Total	311.2M	284.5M	1.6B	1.7B	387.0M	272.1M
Inventory	1.6B	1.5B	2.0B	2.4B	2.1B	1.2B
Other Current Assets	105.3M	154.3M	930.4M	1.5B	2.6B	2.7B
Other Stockholder Equity	1.7B	1.7B	1.9B	1.9B	2.7B	2.8B
Total Liab	13.1B	14.0B	18.0B	19.9B	21.8B	22.9B
Total Current Assets	15.5B	15.9B	18.0B	19.1B	22.1B	23.2B
Short Term Debt	1.1B	1.7B	1.1B	769.5M	875.8M	974.6M
Intangible Assets	247.5M	155.0M	174.2M	135.8M	130.2M	119.9M
Property Plant Equipment	228.1M	205.7M	227.9M	157.9M	142.1M	135.0M
Other Liab	161.1M	156.9M	160.5M	200.8M	230.9M	242.4M
Short Term Investments	467.0M	373.6M	16.7M	12.6M	11.1M	10.6M
Net Tangible Assets	4.9B	5.5B	6.0B	6.4B	7.4B	5.3B
Deferred Long Term Liab	4.7M	1.4M	5.5M	7.6M	8.8M	4.5M
Short Long Term Debt	1.1B	1.4B	772.6M	640.8M	370.0M	351.5M
Non Current Liabilities Other	263.8K	801.0K	1.1M	14.9M	36.3M	21.0M
Net Invested Capital	6.3B	7.1B	8.3B	8.7B	8.4B	7.7B
Net Working Capital	2.7B	2.2B	1.6B	976.1M	657.2M	624.4M

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Other Information on Investing in Sinosteel Stock

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

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Sinosteel Net Income vs Ebitda Analysis

Net Income vs Ebitda

Net Income vs Ebitda Correlation Analysis

Correlation Coefficient

Net Income

Ebitda

Sinosteel Engineering fundamental ratios Correlations

Sinosteel Engineering Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sinosteel Engineering fundamental ratios Accounts

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Other Information on Investing in Sinosteel Stock

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Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 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
Accounts Payable	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Liab	- 0.96	Net Debt
Non Currrent Assets Other	- 0.96	Net Debt
Net Debt	- 0.96	Total Current Liabilities
Net Debt	- 0.96	Total Assets