Xiamen Income Before Tax vs Cost Of Revenue Analysis

002228 Stock

3.32 0.10 3.11%

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

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen Hexing Packaging Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Xiamen Hexing's Income Before Tax and Cost Of Revenue is 0.43. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Xiamen Hexing Packaging, assuming nothing else is changed. The correlation between historical values of Xiamen Hexing's Income Before Tax and Cost Of Revenue 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 Xiamen Hexing Packaging are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Xiamen Hexing's Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Xiamen Hexing income statement and is an important metric when analyzing Xiamen Hexing Packaging 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.

Cost Of Revenue

Cost of Revenue is found on Xiamen Hexing Packaging income statement and represents the costs associated with goods and services Xiamen Hexing provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Xiamen Hexing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Hexing Packaging 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 Xiamen Hexing Packaging. 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 269.5 M, whereas Tax Provision is forecasted to decline to about 9.5 M.

	2021	2022	2023	2024 (projected)
Operating Income	364.5M	202.5M	243.4M	227.2M
Total Revenue	17.5B	15.4B	12.4B	13.0B

Operating Income Total Revenue

Xiamen Hexing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		0.73	0.96	0.98	0.98	0.9	0.86	0.82	0.97	0.93	0.71	0.92	0.89	0.84	0.78	0.67	0.91	-0.1	0.92	0.92	-0.74	0.93	0.87	0.69	0.73	0.45
Other Current Liab	0.73		0.75	0.69	0.76	0.66	0.58	0.57	0.71	0.72	0.47	0.68	0.63	0.62	0.57	0.5	0.7	0.14	0.56	0.6	-0.61	0.71	0.62	0.49	0.55	0.27
Total Current Liabilities	0.96	0.75		0.94	0.96	0.91	0.87	0.74	0.98	0.98	0.79	0.89	0.83	0.86	0.76	0.6	0.91	0.11	0.84	0.87	-0.81	0.94	0.78	0.62	0.59	0.3
Total Stockholder Equity	0.98	0.69	0.94		0.99	0.87	0.89	0.81	0.96	0.92	0.68	0.88	0.88	0.86	0.76	0.66	0.9	-0.05	0.91	0.88	-0.77	0.91	0.81	0.72	0.67	0.53
Retained Earnings	0.98	0.76	0.96	0.99		0.89	0.86	0.8	0.97	0.94	0.7	0.89	0.88	0.87	0.76	0.65	0.93	0.04	0.9	0.87	-0.81	0.93	0.81	0.71	0.67	0.52
Accounts Payable	0.9	0.66	0.91	0.87	0.89		0.78	0.91	0.89	0.88	0.73	0.98	0.95	0.94	0.92	0.81	0.91	0.02	0.92	0.93	-0.86	0.98	0.89	0.66	0.71	0.38
Cash	0.86	0.58	0.87	0.89	0.86	0.78		0.68	0.88	0.83	0.57	0.77	0.77	0.83	0.65	0.47	0.79	0.08	0.77	0.71	-0.77	0.82	0.62	0.67	0.42	0.34
Other Assets	0.82	0.57	0.74	0.81	0.8	0.91	0.68		0.75	0.69	0.52	0.93	0.95	0.88	0.93	0.9	0.82	-0.19	0.93	0.89	-0.75	0.87	0.92	0.73	0.82	0.54
Net Receivables	0.97	0.71	0.98	0.96	0.97	0.89	0.88	0.75		0.98	0.77	0.88	0.84	0.85	0.71	0.57	0.9	0.06	0.87	0.85	-0.8	0.94	0.75	0.7	0.55	0.45
Inventory	0.93	0.72	0.98	0.92	0.94	0.88	0.83	0.69	0.98		0.85	0.85	0.79	0.83	0.71	0.54	0.88	0.18	0.79	0.8	-0.8	0.92	0.7	0.63	0.5	0.32
Other Current Assets	0.71	0.47	0.79	0.68	0.7	0.73	0.57	0.52	0.77	0.85		0.67	0.57	0.6	0.52	0.36	0.65	0.14	0.63	0.63	-0.57	0.76	0.56	0.6	0.35	0.1
Total Liab	0.92	0.68	0.89	0.88	0.89	0.98	0.77	0.93	0.88	0.85	0.67		0.96	0.9	0.92	0.82	0.86	-0.14	0.92	0.94	-0.78	0.95	0.93	0.68	0.78	0.41
Intangible Assets	0.89	0.63	0.83	0.88	0.88	0.95	0.77	0.95	0.84	0.79	0.57	0.96		0.9	0.89	0.81	0.85	-0.14	0.93	0.9	-0.8	0.92	0.9	0.73	0.77	0.54
Common Stock	0.84	0.62	0.86	0.86	0.87	0.94	0.83	0.88	0.85	0.83	0.6	0.9	0.9		0.91	0.79	0.92	0.21	0.86	0.81	-0.96	0.93	0.76	0.63	0.58	0.47
Property Plant Equipment	0.78	0.57	0.76	0.76	0.76	0.92	0.65	0.93	0.71	0.71	0.52	0.92	0.89	0.91		0.94	0.82	0.04	0.83	0.85	-0.81	0.84	0.86	0.49	0.76	0.36
Long Term Debt	0.67	0.5	0.6	0.66	0.65	0.81	0.47	0.9	0.57	0.54	0.36	0.82	0.81	0.79	0.94		0.72	-0.07	0.8	0.8	-0.68	0.73	0.84	0.43	0.8	0.42
Other Liab	0.91	0.7	0.91	0.9	0.93	0.91	0.79	0.82	0.9	0.88	0.65	0.86	0.85	0.92	0.82	0.72		0.18	0.89	0.88	-0.9	0.92	0.82	0.6	0.7	0.5
Good Will	-0.1	0.14	0.11	-0.05	0.04	0.02	0.08	-0.19	0.06	0.18	0.14	-0.14	-0.14	0.21	0.04	-0.07	0.18		-0.2	-0.21	-0.43	0.05	-0.32	-0.25	-0.41	-0.23
Net Tangible Assets	0.92	0.56	0.84	0.91	0.9	0.92	0.77	0.93	0.87	0.79	0.63	0.92	0.93	0.86	0.83	0.8	0.89	-0.2		0.95	-0.76	0.92	0.93	0.75	0.8	0.58
Deferred Long Term Liab	0.92	0.6	0.87	0.88	0.87	0.93	0.71	0.89	0.85	0.8	0.63	0.94	0.9	0.81	0.85	0.8	0.88	-0.21	0.95		-0.7	0.91	0.97	0.59	0.86	0.41
Long Term Investments	-0.74	-0.61	-0.81	-0.77	-0.81	-0.86	-0.77	-0.75	-0.8	-0.8	-0.57	-0.78	-0.8	-0.96	-0.81	-0.68	-0.9	-0.43	-0.76	-0.7		-0.88	-0.63	-0.53	-0.44	-0.4
Total Current Assets	0.93	0.71	0.94	0.91	0.93	0.98	0.82	0.87	0.94	0.92	0.76	0.95	0.92	0.93	0.84	0.73	0.92	0.05	0.92	0.91	-0.88		0.85	0.73	0.65	0.42
Non Current Assets Total	0.87	0.62	0.78	0.81	0.81	0.89	0.62	0.92	0.75	0.7	0.56	0.93	0.9	0.76	0.86	0.84	0.82	-0.32	0.93	0.97	-0.63	0.85		0.62	0.94	0.44
Non Currrent Assets Other	0.69	0.49	0.62	0.72	0.71	0.66	0.67	0.73	0.7	0.63	0.6	0.68	0.73	0.63	0.49	0.43	0.6	-0.25	0.75	0.59	-0.53	0.73	0.62		0.47	0.58
Non Current Liabilities Total	0.73	0.55	0.59	0.67	0.67	0.71	0.42	0.82	0.55	0.5	0.35	0.78	0.77	0.58	0.76	0.8	0.7	-0.41	0.8	0.86	-0.44	0.65	0.94	0.47		0.48
Other Stockholder Equity	0.45	0.27	0.3	0.53	0.52	0.38	0.34	0.54	0.45	0.32	0.1	0.41	0.54	0.47	0.36	0.42	0.5	-0.23	0.58	0.41	-0.4	0.42	0.44	0.58	0.48

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Xiamen Hexing Account Relationship Matchups

Xiamen Hexing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.5B	8.1B	9.6B	8.8B	8.2B	4.2B
Other Current Liab	144.5M	210.7M	210.5M	439.2M	79.8M	112.4M
Total Current Liabilities	2.6B	3.7B	5.0B	4.1B	3.5B	2.0B
Total Stockholder Equity	3.0B	3.5B	3.4B	3.3B	3.3B	1.8B
Retained Earnings	1.4B	1.5B	1.6B	1.6B	1.4B	738.5M
Accounts Payable	1.7B	2.5B	3.4B	2.7B	2.8B	2.9B
Cash	511.9M	691.5M	528.9M	530.1M	606.5M	386.2M
Other Assets	269.4M	394.5M	322.4M	377.0M	433.5M	455.2M
Net Receivables	2.7B	3.0B	3.7B	2.8B	2.5B	1.5B
Inventory	1.1B	1.4B	2.0B	1.3B	1.1B	740.8M
Other Current Assets	45.0M	165.2M	214.2M	73.3M	67.1M	64.4M
Total Liab	3.2B	4.3B	5.8B	5.2B	4.7B	4.9B
Intangible Assets	542.7M	610.7M	676.4M	650.8M	671.5M	705.1M
Property Plant Equipment	1.3B	1.6B	2.1B	2.2B	2.5B	2.7B
Long Term Debt	507.1M	588.5M	663.4M	1.0B	1.1B	1.1B
Other Liab	85.5M	86.7M	102.9M	102.4M	117.8M	61.0M
Net Tangible Assets	2.5B	2.8B	2.7B	2.7B	3.1B	2.4B
Deferred Long Term Liab	11.8M	15.3M	23.0M	21.1M	24.3M	14.0M
Total Current Assets	4.3B	5.5B	6.4B	5.5B	4.9B	5.0B
Non Current Assets Total	2.2B	2.7B	3.2B	3.3B	3.3B	2.7B
Non Currrent Assets Other	95.7M	179.8M	76.0M	66.2M	39.9M	77.3M
Non Current Liabilities Total	592.6M	675.3M	849.3M	1.2B	1.2B	699.8M
Other Stockholder Equity	71.8M	19.6M	1.8M	15.4M	17.7M	13.6M
Short Long Term Debt	733M	878M	1.2B	571.0M	386.3M	615.5M
Net Debt	728.2M	775.0M	1.3B	1.1B	866.6M	916.2M
Net Invested Capital	4.3B	4.9B	5.2B	4.9B	4.8B	5.0B
Net Working Capital	1.7B	1.8B	1.4B	1.5B	1.4B	1.6B

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Other Information on Investing in Xiamen Stock

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

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Xiamen Income Before Tax vs Cost Of Revenue Analysis

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Cost Of Revenue

Xiamen Hexing fundamental ratios Correlations

Xiamen Hexing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xiamen Hexing fundamental ratios Accounts

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Other Information on Investing in Xiamen Stock

COMMON DESTINATIONS

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COMPANY

Retained Earnings	+ 0.99	Total Stockholder Equity
Total Stockholder Equity	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Current Liabilities
Inventory	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Accounts Payable

Long Term Investments	- 0.96	Common Stock
Long Term Investments	- 0.9	Other Liab
Total Current Assets	- 0.88	Long Term Investments
Long Term Investments	- 0.86	Accounts Payable
Long Term Investments	- 0.81	Property Plant Equipment
Long Term Investments	- 0.81	Retained Earnings