Zhejiang Operating Income vs Net Income Analysis

002318 Stock

24.56 0.76 3.19%

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

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

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

The correlation between Zhejiang JIULI's Operating Income and Net Income is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Zhejiang JIULI Hi tech, assuming nothing else is changed. The correlation between historical values of Zhejiang JIULI's Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Zhejiang JIULI Hi tech are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Zhejiang JIULI's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Zhejiang JIULI Hi operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Zhejiang JIULI Hi tech is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

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

Most indicators from Zhejiang JIULI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang JIULI Hi 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 Zhejiang JIULI Hi tech. 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 263.9 M, whereas Selling General Administrative is forecasted to decline to about 303.3 M.

	2021	2022	2023	2024 (projected)
Operating Income	844.1M	883.1M	1.2B	1.3B
Total Revenue	6.0B	6.5B	8.6B	9.0B

Operating Income Total Revenue

Zhejiang JIULI 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	Intangible Assets	Common Stock	Other Liab	Long Term Debt
Total Assets		0.7	0.64	0.96	0.99	0.74	0.95	-0.91	1.0	0.62	0.95	0.97	-0.01	0.96	0.97	0.25	0.99	0.61	-0.29	0.98	0.99	0.72	0.74	0.64	0.99	-0.03
Short Long Term Debt Total	0.7		0.8	0.73	0.6	0.23	0.7	-0.49	0.69	0.02	0.77	0.53	0.1	0.78	0.74	0.49	0.68	0.69	-0.64	0.81	0.77	0.78	0.25	0.28	0.61	0.34
Other Current Liab	0.64	0.8		0.62	0.57	0.35	0.57	-0.42	0.63	0.14	0.64	0.55	0.18	0.65	0.71	0.54	0.64	0.45	-0.42	0.72	0.67	0.54	0.32	0.28	0.58	0.39
Total Current Liabilities	0.96	0.73	0.62		0.92	0.58	0.99	-0.94	0.98	0.5	0.99	0.89	-0.13	0.99	0.88	0.05	0.94	0.51	-0.51	0.98	0.97	0.88	0.61	0.44	0.94	-0.22
Total Stockholder Equity	0.99	0.6	0.57	0.92		0.8	0.92	-0.91	0.98	0.68	0.92	0.99	-0.02	0.92	0.95	0.24	0.99	0.6	-0.16	0.94	0.97	0.65	0.79	0.69	0.99	-0.06
Property Plant And Equipment Net	0.74	0.23	0.35	0.58	0.8		0.57	-0.65	0.7	0.84	0.55	0.84	0.09	0.56	0.75	0.3	0.75	0.37	0.25	0.62	0.66	0.21	0.94	0.89	0.75	0.05
Current Deferred Revenue	0.95	0.7	0.57	0.99	0.92	0.57		-0.95	0.97	0.46	0.99	0.87	-0.14	0.99	0.88	0.03	0.93	0.57	-0.5	0.96	0.97	0.86	0.59	0.45	0.94	-0.23
Net Debt	-0.91	-0.49	-0.42	-0.94	-0.91	-0.65	-0.95		-0.94	-0.59	-0.93	-0.89	0.29	-0.93	-0.8	0.12	-0.91	-0.46	0.34	-0.88	-0.91	-0.76	-0.68	-0.48	-0.94	0.4
Retained Earnings	1.0	0.69	0.63	0.98	0.98	0.7	0.97	-0.94		0.6	0.97	0.96	-0.07	0.98	0.95	0.18	0.99	0.59	-0.35	0.98	0.99	0.77	0.71	0.59	0.99	-0.11
Accounts Payable	0.62	0.02	0.14	0.5	0.68	0.84	0.46	-0.59	0.6		0.43	0.78	0.16	0.44	0.61	0.15	0.63	0.04	0.33	0.51	0.53	0.07	0.87	0.68	0.68	-0.08
Cash	0.95	0.77	0.64	0.99	0.92	0.55	0.99	-0.93	0.97	0.43		0.86	-0.17	1.0	0.89	0.1	0.94	0.62	-0.52	0.98	0.98	0.88	0.58	0.45	0.94	-0.17
Non Current Assets Total	0.97	0.53	0.55	0.89	0.99	0.84	0.87	-0.89	0.96	0.78	0.86		0.04	0.87	0.94	0.23	0.97	0.49	-0.09	0.91	0.93	0.57	0.83	0.71	0.98	-0.06
Non Currrent Assets Other	-0.01	0.1	0.18	-0.13	-0.02	0.09	-0.14	0.29	-0.07	0.16	-0.17	0.04		-0.11	0.17	0.6	-0.05	-0.06	0.15	0.0	-0.03	-0.32	0.06	0.2	-0.07	0.63
Cash And Short Term Investments	0.96	0.78	0.65	0.99	0.92	0.56	0.99	-0.93	0.98	0.44	1.0	0.87	-0.11		0.9	0.13	0.95	0.61	-0.51	0.98	0.98	0.87	0.59	0.46	0.94	-0.13
Net Receivables	0.97	0.74	0.71	0.88	0.95	0.75	0.88	-0.8	0.95	0.61	0.89	0.94	0.17	0.9		0.46	0.95	0.65	-0.24	0.95	0.96	0.62	0.74	0.7	0.94	0.19
Non Current Liabilities Total	0.25	0.49	0.54	0.05	0.24	0.3	0.03	0.12	0.18	0.15	0.1	0.23	0.6	0.13	0.46		0.24	0.52	0.15	0.27	0.26	-0.15	0.25	0.49	0.19	0.95
Inventory	0.99	0.68	0.64	0.94	0.99	0.75	0.93	-0.91	0.99	0.63	0.94	0.97	-0.05	0.95	0.95	0.24		0.61	-0.23	0.96	0.98	0.72	0.76	0.63	0.98	-0.05
Other Current Assets	0.61	0.69	0.45	0.51	0.6	0.37	0.57	-0.46	0.59	0.04	0.62	0.49	-0.06	0.61	0.65	0.52	0.61		-0.19	0.61	0.67	0.45	0.33	0.52	0.57	0.37
Other Stockholder Equity	-0.29	-0.64	-0.42	-0.51	-0.16	0.25	-0.5	0.34	-0.35	0.33	-0.52	-0.09	0.15	-0.51	-0.24	0.15	-0.23	-0.19		-0.46	-0.38	-0.77	0.24	0.21	-0.24	0.19
Total Liab	0.98	0.81	0.72	0.98	0.94	0.62	0.96	-0.88	0.98	0.51	0.98	0.91	0.0	0.98	0.95	0.27	0.96	0.61	-0.46		0.99	0.81	0.64	0.53	0.95	0.0
Total Current Assets	0.99	0.77	0.67	0.97	0.97	0.66	0.97	-0.91	0.99	0.53	0.98	0.93	-0.03	0.98	0.96	0.26	0.98	0.67	-0.38	0.99		0.79	0.68	0.58	0.97	-0.02
Short Term Debt	0.72	0.78	0.54	0.88	0.65	0.21	0.86	-0.76	0.77	0.07	0.88	0.57	-0.32	0.87	0.62	-0.15	0.72	0.45	-0.77	0.81	0.79		0.26	0.09	0.69	-0.33
Intangible Assets	0.74	0.25	0.32	0.61	0.79	0.94	0.59	-0.68	0.71	0.87	0.58	0.83	0.06	0.59	0.74	0.25	0.76	0.33	0.24	0.64	0.68	0.26		0.79	0.77	-0.01
Common Stock	0.64	0.28	0.28	0.44	0.69	0.89	0.45	-0.48	0.59	0.68	0.45	0.71	0.2	0.46	0.7	0.49	0.63	0.52	0.21	0.53	0.58	0.09	0.79		0.65	0.28
Other Liab	0.99	0.61	0.58	0.94	0.99	0.75	0.94	-0.94	0.99	0.68	0.94	0.98	-0.07	0.94	0.94	0.19	0.98	0.57	-0.24	0.95	0.97	0.69	0.77	0.65		-0.1
Long Term Debt	-0.03	0.34	0.39	-0.22	-0.06	0.05	-0.23	0.4	-0.11	-0.08	-0.17	-0.06	0.63	-0.13	0.19	0.95	-0.05	0.37	0.19	0.0	-0.02	-0.33	-0.01	0.28	-0.1

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Zhejiang JIULI Account Relationship Matchups

Zhejiang JIULI fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	6.8B	7.8B	9.9B	13.0B	13.6B
Short Long Term Debt Total	968.6M	229.9M	248.2M	603.8M	1.6B	1.7B
Other Current Liab	364.6M	36.7M	100.5M	348.7M	462.7M	485.8M
Total Current Liabilities	1.4B	1.6B	2.3B	2.9B	5.0B	5.2B
Total Stockholder Equity	3.4B	4.8B	5.1B	6.2B	7.4B	7.7B
Property Plant And Equipment Net	1.8B	2.1B	2.6B	2.7B	2.9B	1.6B
Current Deferred Revenue	246.3M	740.2M	839.2M	891.0M	2.2B	2.3B
Net Debt	384.5M	(1.0B)	(1.0B)	(1.4B)	(2.3B)	(2.2B)
Retained Earnings	1.4B	1.8B	2.2B	3.0B	4.2B	4.4B
Accounts Payable	698.0M	658.4M	1.1B	1.3B	757.7M	520.8M
Cash	584.1M	1.2B	1.3B	2.0B	3.9B	4.1B
Non Current Assets Total	2.7B	3.0B	3.7B	4.4B	4.5B	4.7B
Non Currrent Assets Other	312.1M	35.4M	53.4M	1.5M	1.9M	1.8M
Cash And Short Term Investments	887.1M	1.3B	1.3B	2.0B	3.9B	4.1B
Net Receivables	1.2B	887.1M	1.3B	1.4B	1.9B	2.0B
Liabilities And Stockholders Equity	6.0B	6.8B	7.8B	9.9B	13.0B	13.6B
Non Current Liabilities Total	1.0B	252.3M	274.9M	517.9M	401.7M	361.9M
Inventory	1.1B	1.4B	1.5B	2.0B	2.4B	2.5B
Other Current Assets	60.7M	294.4M	51.6M	60.3M	300.3M	315.3M
Other Stockholder Equity	864.9M	1.6B	1.4B	1.6B	(313.3M)	(297.6M)
Total Liab	2.4B	1.9B	2.6B	3.4B	5.4B	5.6B
Total Current Assets	3.3B	3.8B	4.2B	5.4B	8.5B	8.9B
Short Term Debt	59.6M	181.9M	208.1M	403.6M	1.6B	1.6B
Intangible Assets	212.8M	253.2M	364.5M	372.8M	372.2M	195.3M
Common Stock	841.5M	841.5M	964.5M	977.2M	1.1B	611.1M
Other Liab	137.6M	204.3M	234.9M	317.7M	365.4M	383.7M
Long Term Debt	909.0M	48.1M	40.0M	200.2M	68.0M	64.6M
Property Plant Equipment	1.8B	2.1B	2.6B	2.7B	3.1B	1.8B
Short Term Investments	302.9M	35.4M	53.4M	1.5M	475.0K	451.3K
Other Assets	22.6M	1.0	14.5M	20.4M	18.4M	12.9M
Net Tangible Assets	3.2B	4.5B	4.7B	5.8B	6.7B	4.0B
Short Long Term Debt	59.6M	83.5M	175.1M	393.6M	706.3M	741.6M
Non Current Liabilities Other	831.8M	867.6M	909.0M	21.2M	19.1M	18.1M
Common Stock Shares Outstanding	841.5M	841.5M	964.5M	977.2M	1.1B	1.0B
Net Invested Capital	4.4B	4.9B	5.3B	6.8B	8.0B	5.9B
Net Working Capital	2.0B	2.2B	1.9B	2.5B	3.5B	2.6B

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Other Information on Investing in Zhejiang Stock

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

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Zhejiang Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Zhejiang JIULI fundamental ratios Correlations

Zhejiang JIULI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang JIULI fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Other Liab	+ 0.99	Total Assets

Net Debt	- 0.95	Current Deferred Revenue
Other Liab	- 0.94	Net Debt
Retained Earnings	- 0.94	Net Debt
Net Debt	- 0.94	Total Current Liabilities
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt