Huagong Net Income vs Other Operating Expenses Analysis

000988 Stock

43.15 3.12 7.79%

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

Net Income vs Other Operating Expenses Correlation Analysis

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

The correlation between Huagong Tech's Net Income and Other Operating Expenses is 0.97. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Huagong Tech Co, assuming nothing else is changed. The correlation between historical values of Huagong Tech's Net Income and Other Operating Expenses 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 Huagong Tech Co are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income i.e., Huagong Tech's Net Income and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.97

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 Huagong Tech financial statement analysis. It represents the amount of money remaining after all of Huagong Tech Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Huagong Tech. It is also known as Huagong Tech overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most indicators from Huagong Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huagong Tech 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 Huagong Tech Co. 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 December 27, 2024, Selling General Administrative is expected to decline to about 59.6 M. In addition to that, Tax Provision is expected to decline to about 90.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	2.3B	2.2B	2.3B
Total Revenue	10.2B	12.0B	10.2B	10.7B

Gross Profit Total Revenue

Huagong Tech 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Retained Earnings	Other Stockholder Equity	Common Stock	Other Liab
Total Assets		0.91	0.49	0.98	0.99	0.93	0.78	-0.11	0.92	0.98	0.97	0.46	0.98	1.0	0.78	0.9	0.96	0.51	0.99	1.0	0.89	0.76	0.98	0.67	0.52	0.98
Short Long Term Debt Total	0.91		0.51	0.85	0.86	0.8	0.59	0.28	0.71	0.87	0.87	0.3	0.87	0.93	0.6	0.98	0.79	0.62	0.93	0.91	0.95	0.64	0.95	0.37	0.27	0.92
Other Current Liab	0.49	0.51		0.49	0.42	0.6	0.16	0.33	0.4	0.34	0.62	0.28	0.34	0.51	0.36	0.58	0.45	0.12	0.54	0.44	0.37	0.51	0.5	0.05	0.39	0.53
Total Current Liabilities	0.98	0.85	0.49		0.96	0.91	0.8	-0.15	0.97	0.94	0.98	0.59	0.94	0.97	0.76	0.85	0.98	0.44	0.98	0.97	0.85	0.71	0.95	0.69	0.54	0.95
Total Stockholder Equity	0.99	0.86	0.42	0.96		0.94	0.77	-0.22	0.91	0.99	0.94	0.39	0.98	0.98	0.82	0.84	0.96	0.53	0.95	0.99	0.88	0.8	0.96	0.74	0.57	0.96
Property Plant And Equipment Net	0.93	0.8	0.6	0.91	0.94		0.72	-0.17	0.85	0.9	0.93	0.37	0.9	0.92	0.82	0.79	0.92	0.43	0.9	0.92	0.79	0.91	0.91	0.65	0.7	0.9
Current Deferred Revenue	0.78	0.59	0.16	0.8	0.77	0.72		-0.38	0.82	0.8	0.74	0.53	0.8	0.74	0.61	0.64	0.84	0.2	0.77	0.78	0.54	0.52	0.75	0.61	0.41	0.72
Net Debt	-0.11	0.28	0.33	-0.15	-0.22	-0.17	-0.38		-0.33	-0.22	-0.02	-0.05	-0.23	-0.05	-0.35	0.29	-0.24	0.11	-0.01	-0.14	0.16	-0.17	-0.01	-0.63	-0.42	-0.05
Accounts Payable	0.92	0.71	0.4	0.97	0.91	0.85	0.82	-0.33		0.89	0.93	0.69	0.89	0.9	0.75	0.72	0.98	0.29	0.92	0.91	0.72	0.62	0.87	0.76	0.56	0.88
Cash	0.98	0.87	0.34	0.94	0.99	0.9	0.8	-0.22	0.89		0.89	0.33	1.0	0.97	0.79	0.85	0.93	0.57	0.94	0.99	0.88	0.74	0.97	0.7	0.49	0.96
Non Current Assets Total	0.97	0.87	0.62	0.98	0.94	0.93	0.74	-0.02	0.93	0.89		0.61	0.89	0.96	0.75	0.88	0.97	0.37	0.98	0.94	0.83	0.75	0.95	0.61	0.54	0.94
Non Currrent Assets Other	0.46	0.3	0.28	0.59	0.39	0.37	0.53	-0.05	0.69	0.33	0.61		0.34	0.43	0.3	0.36	0.61	-0.25	0.53	0.41	0.26	0.13	0.4	0.37	0.25	0.39
Cash And Short Term Investments	0.98	0.87	0.34	0.94	0.98	0.9	0.8	-0.23	0.89	1.0	0.89	0.34		0.97	0.79	0.84	0.92	0.56	0.94	0.99	0.88	0.73	0.97	0.7	0.49	0.96
Net Receivables	1.0	0.93	0.51	0.97	0.98	0.92	0.74	-0.05	0.9	0.97	0.96	0.43	0.97		0.77	0.92	0.94	0.53	0.99	0.99	0.91	0.75	0.99	0.63	0.48	0.99
Common Stock Shares Outstanding	0.78	0.6	0.36	0.76	0.82	0.82	0.61	-0.35	0.75	0.79	0.75	0.3	0.79	0.77		0.59	0.8	0.31	0.73	0.78	0.62	0.76	0.75	0.82	0.8	0.76
Non Current Liabilities Total	0.9	0.98	0.58	0.85	0.84	0.79	0.64	0.29	0.72	0.85	0.88	0.36	0.84	0.92	0.59		0.8	0.5	0.93	0.89	0.87	0.61	0.94	0.32	0.24	0.92
Inventory	0.96	0.79	0.45	0.98	0.96	0.92	0.84	-0.24	0.98	0.93	0.97	0.61	0.92	0.94	0.8	0.8		0.33	0.95	0.95	0.78	0.75	0.92	0.73	0.59	0.92
Other Current Assets	0.51	0.62	0.12	0.44	0.53	0.43	0.2	0.11	0.29	0.57	0.37	-0.25	0.56	0.53	0.31	0.5	0.33		0.47	0.55	0.71	0.39	0.5	0.37	0.21	0.49
Total Liab	0.99	0.93	0.54	0.98	0.95	0.9	0.77	-0.01	0.92	0.94	0.98	0.53	0.94	0.99	0.73	0.93	0.95	0.47		0.98	0.89	0.7	0.98	0.59	0.46	0.97
Total Current Assets	1.0	0.91	0.44	0.97	0.99	0.92	0.78	-0.14	0.91	0.99	0.94	0.41	0.99	0.99	0.78	0.89	0.95	0.55	0.98		0.9	0.75	0.98	0.68	0.5	0.98
Short Term Debt	0.89	0.95	0.37	0.85	0.88	0.79	0.54	0.16	0.72	0.88	0.83	0.26	0.88	0.91	0.62	0.87	0.78	0.71	0.89	0.9		0.67	0.91	0.49	0.35	0.88
Intangible Assets	0.76	0.64	0.51	0.71	0.8	0.91	0.52	-0.17	0.62	0.74	0.75	0.13	0.73	0.75	0.76	0.61	0.75	0.39	0.7	0.75	0.67		0.73	0.59	0.72	0.71
Retained Earnings	0.98	0.95	0.5	0.95	0.96	0.91	0.75	-0.01	0.87	0.97	0.95	0.4	0.97	0.99	0.75	0.94	0.92	0.5	0.98	0.98	0.91	0.73		0.56	0.42	0.99
Other Stockholder Equity	0.67	0.37	0.05	0.69	0.74	0.65	0.61	-0.63	0.76	0.7	0.61	0.37	0.7	0.63	0.82	0.32	0.73	0.37	0.59	0.68	0.49	0.59	0.56		0.71	0.58
Common Stock	0.52	0.27	0.39	0.54	0.57	0.7	0.41	-0.42	0.56	0.49	0.54	0.25	0.49	0.48	0.8	0.24	0.59	0.21	0.46	0.5	0.35	0.72	0.42	0.71		0.45
Other Liab	0.98	0.92	0.53	0.95	0.96	0.9	0.72	-0.05	0.88	0.96	0.94	0.39	0.96	0.99	0.76	0.92	0.92	0.49	0.97	0.98	0.88	0.71	0.99	0.58	0.45

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Huagong Tech Account Relationship Matchups

Huagong Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.6B	11.1B	13.9B	16.8B	17.4B	18.3B
Short Long Term Debt Total	691.8M	933.4M	1.9B	3.0B	4.4B	4.6B
Other Current Liab	169.3M	74.7M	347.4M	655.3M	574.3M	603.0M
Total Current Liabilities	3.2B	4.0B	4.9B	6.7B	5.4B	5.7B
Total Stockholder Equity	6.1B	6.6B	7.4B	8.2B	9.2B	9.6B
Property Plant And Equipment Net	1.5B	1.5B	1.7B	1.9B	2.0B	2.1B
Current Deferred Revenue	335.2M	567.5M	902.1M	475.7M	447.2M	469.6M
Net Debt	(1.9B)	(2.3B)	(1.4B)	(351.5M)	48.7M	51.2M
Accounts Payable	2.0B	2.6B	3.1B	4.1B	2.5B	2.7B
Cash	2.6B	3.2B	3.3B	3.4B	4.4B	4.6B
Non Current Assets Total	2.4B	2.6B	3.9B	5.3B	4.4B	4.6B
Non Currrent Assets Other	298.8M	202.0M	1.3B	2.3B	49.5M	47.0M
Cash And Short Term Investments	2.9B	3.3B	3.4B	3.5B	4.5B	4.7B
Net Receivables	3.1B	3.4B	4.5B	5.6B	6.2B	6.5B
Common Stock Shares Outstanding	900.4M	1.0B	1.0B	1.0B	1.2B	919.9M
Liabilities And Stockholders Equity	9.6B	11.1B	13.9B	16.8B	17.4B	18.3B
Non Current Liabilities Total	197.9M	341.8M	1.5B	1.8B	2.6B	2.7B
Inventory	1.3B	1.7B	2.0B	2.4B	1.9B	2.0B
Other Current Assets	41.4M	62.6M	20.7M	40.8M	487.5M	511.9M
Total Liab	3.4B	4.4B	6.5B	8.5B	8.0B	8.4B
Total Current Assets	7.3B	8.5B	10.0B	11.5B	13.0B	13.7B
Short Term Debt	639.8M	781.1M	584.0M	1.5B	1.9B	2.0B
Intangible Assets	319.0M	329.9M	323.0M	314.2M	400.3M	420.3M
Retained Earnings	2.4B	2.9B	3.6B	4.4B	5.3B	5.6B
Other Stockholder Equity	2.5B	2.5B	2.6B	2.6B	2.6B	1.3B
Other Liab	141.5M	184.7M	209.0M	280.2M	322.2M	338.3M
Long Term Debt	56.4M	152.3M	1.3B	1.5B	2.5B	2.6B
Short Term Investments	221.2M	87.6M	123.0M	116.1M	125.5M	131.7M
Property Plant Equipment	1.5B	1.5B	1.7B	1.9B	2.1B	2.2B
Net Tangible Assets	5.9B	6.3B	7.1B	8.0B	9.2B	6.0B
Deferred Long Term Liab	44.6M	90.3M	117.7M	97.4M	112.0M	67.3M
Short Long Term Debt	639.8M	781.1M	570.6M	739.4M	49.0M	46.6M
Net Invested Capital	6.8B	7.6B	9.2B	10.5B	11.7B	9.1B
Net Working Capital	4.1B	4.4B	5.0B	4.8B	7.6B	5.2B

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

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Huagong Net Income vs Other Operating Expenses Analysis

Net Income vs Other Operating Expenses

Net Income vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Net Income

Other Operating Expenses

Huagong Tech fundamental ratios Correlations

Huagong Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Huagong Tech fundamental ratios Accounts

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Net Receivables	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity

Other Stockholder Equity	- 0.63	Net Debt
Common Stock	- 0.42	Net Debt
Net Debt	- 0.38	Current Deferred Revenue
Common Stock Shares Outstanding	- 0.35	Net Debt
Accounts Payable	- 0.33	Net Debt
Other Current Assets	- 0.25	Non Currrent Assets Other