Xiamen Income Before Tax vs Gross Profit 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 Gross Profit 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 Gross Profit

Income Before Tax vs Gross Profit 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 Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xiamen Hexing's Income Before Tax and Gross Profit is 0.56. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit 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 Gross Profit 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 Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Xiamen Hexing's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Xiamen Hexing Packaging minus its cost of goods sold. It is profit before Xiamen Hexing operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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 Income364.5M202.5M243.4M227.2M
Total Revenue17.5B15.4B12.4B13.0B

Xiamen Hexing fundamental ratios Correlations

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0.860.580.870.890.860.780.680.880.830.570.770.770.830.650.470.790.080.770.71-0.770.820.620.670.420.34
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0.930.720.980.920.940.880.830.690.980.850.850.790.830.710.540.880.180.790.8-0.80.920.70.630.50.32
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0.840.620.860.860.870.940.830.880.850.830.60.90.90.910.790.920.210.860.81-0.960.930.760.630.580.47
0.780.570.760.760.760.920.650.930.710.710.520.920.890.910.940.820.040.830.85-0.810.840.860.490.760.36
0.670.50.60.660.650.810.470.90.570.540.360.820.810.790.940.72-0.070.80.8-0.680.730.840.430.80.42
0.910.70.910.90.930.910.790.820.90.880.650.860.850.920.820.720.180.890.88-0.90.920.820.60.70.5
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0.870.620.780.810.810.890.620.920.750.70.560.930.90.760.860.840.82-0.320.930.97-0.630.850.620.940.44
0.690.490.620.720.710.660.670.730.70.630.60.680.730.630.490.430.6-0.250.750.59-0.530.730.620.470.58
0.730.550.590.670.670.710.420.820.550.50.350.780.770.580.760.80.7-0.410.80.86-0.440.650.940.470.48
0.450.270.30.530.520.380.340.540.450.320.10.410.540.470.360.420.5-0.230.580.41-0.40.420.440.580.48
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Xiamen Hexing Account Relationship Matchups

Xiamen Hexing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.5B8.1B9.6B8.8B8.2B4.2B
Other Current Liab144.5M210.7M210.5M439.2M79.8M112.4M
Total Current Liabilities2.6B3.7B5.0B4.1B3.5B2.0B
Total Stockholder Equity3.0B3.5B3.4B3.3B3.3B1.8B
Retained Earnings1.4B1.5B1.6B1.6B1.4B738.5M
Accounts Payable1.7B2.5B3.4B2.7B2.8B2.9B
Cash511.9M691.5M528.9M530.1M606.5M386.2M
Other Assets269.4M394.5M322.4M377.0M433.5M455.2M
Net Receivables2.7B3.0B3.7B2.8B2.5B1.5B
Inventory1.1B1.4B2.0B1.3B1.1B740.8M
Other Current Assets45.0M165.2M214.2M73.3M67.1M64.4M
Total Liab3.2B4.3B5.8B5.2B4.7B4.9B
Intangible Assets542.7M610.7M676.4M650.8M671.5M705.1M
Property Plant Equipment1.3B1.6B2.1B2.2B2.5B2.7B
Long Term Debt507.1M588.5M663.4M1.0B1.1B1.1B
Other Liab85.5M86.7M102.9M102.4M117.8M61.0M
Net Tangible Assets2.5B2.8B2.7B2.7B3.1B2.4B
Deferred Long Term Liab11.8M15.3M23.0M21.1M24.3M14.0M
Total Current Assets4.3B5.5B6.4B5.5B4.9B5.0B
Non Current Assets Total2.2B2.7B3.2B3.3B3.3B2.7B
Non Currrent Assets Other95.7M179.8M76.0M66.2M39.9M77.3M
Non Current Liabilities Total592.6M675.3M849.3M1.2B1.2B699.8M
Other Stockholder Equity71.8M19.6M1.8M15.4M17.7M13.6M
Short Long Term Debt733M878M1.2B571.0M386.3M615.5M
Net Debt728.2M775.0M1.3B1.1B866.6M916.2M
Net Invested Capital4.3B4.9B5.2B4.9B4.8B5.0B
Net Working Capital1.7B1.8B1.4B1.5B1.4B1.6B

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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.