Shenzhen Income Before Tax vs Ebit Analysis

002303 Stock

4.13 0.38 10.13%

Shenzhen MYS financial indicator trend analysis is much more than just breaking down Shenzhen MYS Environ prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen MYS Environ is a good investment. Please check the relationship between Shenzhen MYS Income Before Tax and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen MYS Environmental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Shenzhen MYS Environ Income Before Tax account and Ebit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Shenzhen MYS's Income Before Tax and Ebit is 0.84. 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 Shenzhen MYS Environmental, assuming nothing else is changed. The correlation between historical values of Shenzhen MYS'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 Shenzhen MYS Environmental 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., Shenzhen MYS's Income Before Tax and Ebit go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Shenzhen MYS income statement and is an important metric when analyzing Shenzhen MYS Environ 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 Shenzhen MYS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen MYS Environ 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 Shenzhen MYS Environmental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about 40.1 M, whereas Selling General Administrative is forecasted to decline to about 233.7 M.

	2021	2022	2023	2024 (projected)
Operating Income	140.7M	88.2M	264.7M	225.9M
Total Revenue	3.6B	4.1B	3.5B	2.2B

Operating Income Total Revenue

Shenzhen MYS 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	Common Stock	Property Plant Equipment	Intangible Assets	Long Term Debt	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.44	0.89	0.99	0.95	0.98	0.66	0.82	0.98	0.84	0.31	0.88	0.9	0.81	0.79	0.5	0.84	-0.91	0.24	0.93	0.73	0.81	-0.89	0.88	0.88	0.92
Other Current Liab	-0.44		-0.56	-0.41	-0.36	-0.41	-0.38	-0.61	-0.41	-0.22	-0.1	-0.59	-0.53	-0.4	-0.32	-0.58	-0.59	0.67	-0.23	-0.64	-0.57	-0.42	0.63	-0.51	-0.65	-0.52
Total Current Liabilities	0.89	-0.56		0.85	0.82	0.89	0.5	0.96	0.88	0.74	0.26	1.0	0.75	0.93	0.72	0.54	0.96	-0.9	0.02	0.92	0.9	0.9	-0.86	0.95	0.87	0.92
Total Stockholder Equity	0.99	-0.41	0.85		0.96	0.96	0.72	0.78	0.97	0.85	0.32	0.83	0.91	0.78	0.79	0.45	0.79	-0.91	0.32	0.92	0.67	0.75	-0.9	0.82	0.89	0.88
Retained Earnings	0.95	-0.36	0.82	0.96		0.96	0.61	0.71	0.96	0.9	0.4	0.79	0.91	0.71	0.88	0.38	0.75	-0.87	0.4	0.85	0.6	0.68	-0.84	0.77	0.83	0.85
Accounts Payable	0.98	-0.41	0.89	0.96	0.96		0.54	0.81	0.98	0.89	0.4	0.87	0.88	0.79	0.83	0.48	0.84	-0.89	0.25	0.89	0.71	0.81	-0.85	0.89	0.84	0.93
Cash	0.66	-0.38	0.5	0.72	0.61	0.54		0.41	0.58	0.44	-0.04	0.49	0.74	0.47	0.43	0.32	0.38	-0.68	0.41	0.65	0.33	0.41	-0.7	0.43	0.71	0.47
Other Assets	0.82	-0.61	0.96	0.78	0.71	0.81	0.41		0.8	0.61	0.11	0.97	0.66	0.91	0.61	0.6	0.99	-0.84	-0.12	0.9	0.98	0.88	-0.81	0.92	0.81	0.87
Net Receivables	0.98	-0.41	0.88	0.97	0.96	0.98	0.58	0.8		0.9	0.39	0.85	0.89	0.76	0.83	0.43	0.82	-0.91	0.3	0.9	0.69	0.81	-0.88	0.86	0.86	0.91
Inventory	0.84	-0.22	0.74	0.85	0.9	0.89	0.44	0.61	0.9		0.44	0.69	0.8	0.57	0.9	0.07	0.67	-0.8	0.41	0.74	0.48	0.74	-0.77	0.75	0.75	0.77
Other Current Assets	0.31	-0.1	0.26	0.32	0.4	0.4	-0.04	0.11	0.39	0.44		0.23	0.29	0.23	0.35	-0.05	0.17	-0.33	0.4	0.28	-0.04	0.11	-0.33	0.26	0.34	0.35
Total Liab	0.88	-0.59	1.0	0.83	0.79	0.87	0.49	0.97	0.85	0.69	0.23		0.73	0.94	0.68	0.6	0.97	-0.88	-0.02	0.92	0.92	0.89	-0.85	0.95	0.86	0.91
Common Stock	0.9	-0.53	0.75	0.91	0.91	0.88	0.74	0.66	0.89	0.8	0.29	0.73		0.62	0.79	0.36	0.66	-0.88	0.55	0.81	0.53	0.63	-0.82	0.69	0.81	0.74
Property Plant Equipment	0.81	-0.4	0.93	0.78	0.71	0.79	0.47	0.91	0.76	0.57	0.23	0.94	0.62		0.51	0.56	0.9	-0.77	-0.1	0.83	0.87	0.79	-0.75	0.85	0.76	0.81
Intangible Assets	0.79	-0.32	0.72	0.79	0.88	0.83	0.43	0.61	0.83	0.9	0.35	0.68	0.79	0.51		0.14	0.67	-0.75	0.33	0.72	0.51	0.69	-0.73	0.71	0.71	0.73
Long Term Debt	0.5	-0.58	0.54	0.45	0.38	0.48	0.32	0.6	0.43	0.07	-0.05	0.6	0.36	0.56	0.14		0.55	-0.45	-0.19	0.52	0.64	0.38	-0.44	0.5	0.45	0.55
Other Liab	0.84	-0.59	0.96	0.79	0.75	0.84	0.38	0.99	0.82	0.67	0.17	0.97	0.66	0.9	0.67	0.55		-0.85	-0.09	0.91	0.96	0.89	-0.82	0.95	0.82	0.91
Good Will	-0.91	0.67	-0.9	-0.91	-0.87	-0.89	-0.68	-0.84	-0.91	-0.8	-0.33	-0.88	-0.88	-0.77	-0.75	-0.45	-0.85		-0.38	-0.96	-0.72	-0.79	0.98	-0.84	-0.97	-0.86
Short Term Investments	0.24	-0.23	0.02	0.32	0.4	0.25	0.41	-0.12	0.3	0.41	0.4	-0.02	0.55	-0.1	0.33	-0.19	-0.09	-0.38		0.18	-0.28	-0.14	-0.32	-0.09	0.33	0.06
Net Tangible Assets	0.93	-0.64	0.92	0.92	0.85	0.89	0.65	0.9	0.9	0.74	0.28	0.92	0.81	0.83	0.72	0.52	0.91	-0.96	0.18		0.82	0.83	-0.97	0.9	0.97	0.92
Other Stockholder Equity	0.73	-0.57	0.9	0.67	0.6	0.71	0.33	0.98	0.69	0.48	-0.04	0.92	0.53	0.87	0.51	0.64	0.96	-0.72	-0.28	0.82		0.84	-0.7	0.88	0.7	0.81
Deferred Long Term Liab	0.81	-0.42	0.9	0.75	0.68	0.81	0.41	0.88	0.81	0.74	0.11	0.89	0.63	0.79	0.69	0.38	0.89	-0.79	-0.14	0.83	0.84		-0.77	0.96	0.76	0.87
Long Term Investments	-0.89	0.63	-0.86	-0.9	-0.84	-0.85	-0.7	-0.81	-0.88	-0.77	-0.33	-0.85	-0.82	-0.75	-0.73	-0.44	-0.82	0.98	-0.32	-0.97	-0.7	-0.77		-0.82	-0.98	-0.84
Short Long Term Debt	0.88	-0.51	0.95	0.82	0.77	0.89	0.43	0.92	0.86	0.75	0.26	0.95	0.69	0.85	0.71	0.5	0.95	-0.84	-0.09	0.9	0.88	0.96	-0.82		0.83	0.96
Total Current Assets	0.88	-0.65	0.87	0.89	0.83	0.84	0.71	0.81	0.86	0.75	0.34	0.86	0.81	0.76	0.71	0.45	0.82	-0.97	0.33	0.97	0.7	0.76	-0.98	0.83		0.86
Short Term Debt	0.92	-0.52	0.92	0.88	0.85	0.93	0.47	0.87	0.91	0.77	0.35	0.91	0.74	0.81	0.73	0.55	0.91	-0.86	0.06	0.92	0.81	0.87	-0.84	0.96	0.86

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Shenzhen MYS Account Relationship Matchups

Shenzhen MYS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.3B	7.2B	7.3B	7.4B	7.7B	4.4B
Other Current Liab	79.3M	76.8M	100.5M	6.5M	2.9M	2.7M
Total Current Liabilities	1.8B	2.1B	2.2B	1.9B	2.2B	2.3B
Total Stockholder Equity	5.1B	4.8B	4.8B	4.9B	5.1B	3.1B
Retained Earnings	1.9B	1.6B	1.5B	1.6B	1.4B	1.0B
Accounts Payable	1.2B	1.2B	1.2B	1.2B	1.1B	724.6M
Cash	1.0B	1.2B	1.0B	1.4B	2.1B	1.1B
Other Assets	1.6B	1.6B	1.7B	1.6B	1.9B	2.0B
Net Receivables	1.3B	1.1B	1.4B	1.2B	1.1B	713.1M
Inventory	728.6M	760.7M	717.7M	415.8M	364.9M	379.3M
Other Current Assets	117.0M	75.8M	164.3M	51.1M	42.7M	40.6M
Total Liab	2.0B	2.3B	2.5B	2.4B	2.6B	2.7B
Property Plant Equipment	1.5B	1.5B	1.7B	1.8B	2.1B	2.2B
Intangible Assets	517.8M	529.4M	438.5M	294.6M	269.2M	258.5M
Other Liab	229.9M	234.9M	211.5M	203.8M	234.4M	246.1M
Short Term Investments	508.9M	20.0M	51.6M	151.3M	52.2M	49.6M
Net Tangible Assets	4.1B	4.6B	4.3B	4.4B	5.0B	4.2B
Other Stockholder Equity	513.4M	509.2M	553.6M	572.7M	658.6M	691.6M
Deferred Long Term Liab	20.6M	28.0M	29.1M	20.8M	23.9M	22.9M
Short Long Term Debt	461.2M	713.3M	671.7M	492.7M	661.7M	459.7M
Total Current Assets	3.6B	3.4B	3.3B	3.5B	3.8B	3.7B
Non Current Assets Total	3.6B	3.9B	4.0B	3.9B	3.9B	3.5B
Non Currrent Assets Other	46.4M	54.2M	21.3M	9.6M	6.4M	6.0M
Non Current Liabilities Total	229.9M	262.0M	287.2M	499.0M	412.8M	265.2M
Net Invested Capital	5.6B	5.6B	5.5B	5.7B	5.9B	5.9B
Net Working Capital	1.8B	1.3B	1.2B	1.5B	1.7B	1.4B

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen Income Before Tax vs Ebit Analysis

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

Correlation Coefficient

Income Before Tax

Ebit

Shenzhen MYS fundamental ratios Correlations

Shenzhen MYS Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen MYS fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Other Liab	+ 0.99	Other Assets
Accounts Payable	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Assets
Net Receivables	+ 0.98	Accounts Payable

Total Current Assets	- 0.98	Long Term Investments
Long Term Investments	- 0.97	Net Tangible Assets
Total Current Assets	- 0.97	Good Will
Net Tangible Assets	- 0.96	Good Will
Good Will	- 0.91	Net Receivables
Good Will	- 0.91	Total Stockholder Equity