Shanxi Income Before Tax vs Income Tax Expense Analysis

002360 Stock

4.86 0.04 0.82%

Shanxi Tond financial indicator trend analysis is much more than just breaking down Shanxi Tond Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Tond Chemical is a good investment. Please check the relationship between Shanxi Tond Income Before Tax and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios. 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 Income Tax Expense

Income Before Tax vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanxi Tond Chemical Income Before Tax account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.

The correlation between Shanxi Tond's Income Before Tax and Income Tax Expense is 0.26. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Shanxi Tond Chemical, assuming nothing else is changed. The correlation between historical values of Shanxi Tond's Income Before Tax and Income Tax Expense 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 Shanxi Tond Chemical are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Income Before Tax i.e., Shanxi Tond's Income Before Tax and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

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

Income Tax Expense

Most indicators from Shanxi Tond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Tond Chemical 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. 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 Tax Provision is expected to grow to about 148.9 M, whereas Selling General Administrative is forecasted to decline to about 26.9 M.

	2022	2023	2024	2025 (projected)
Operating Income	261.3M	222.6M	256.0M	181.1M
Total Revenue	1.1B	964.1M	1.1B	805.7M

Operating Income Total Revenue

Shanxi Tond fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		-0.46	0.98	0.99	0.45	0.97	0.96	0.31	0.41	0.47	-0.49	0.88	0.99	0.33	0.53	0.96	0.96	-0.73	0.83	0.51	-0.73	0.78	0.76	0.96	0.36	0.96
Other Current Liab	-0.46		-0.47	-0.45	0.26	-0.44	-0.49	0.27	-0.01	0.09	0.69	-0.39	-0.5	0.39	0.07	-0.47	-0.59	0.33	-0.39	-0.23	0.3	-0.57	-0.33	-0.59	-0.12	-0.6
Total Current Liabilities	0.98	-0.47		0.94	0.33	0.91	0.98	0.17	0.35	0.39	-0.5	0.89	1.0	0.28	0.41	0.99	0.95	-0.63	0.8	0.44	-0.65	0.77	0.69	0.98	0.28	0.95
Total Stockholder Equity	0.99	-0.45	0.94		0.5	0.98	0.93	0.41	0.39	0.52	-0.47	0.85	0.96	0.34	0.61	0.93	0.94	-0.78	0.83	0.51	-0.78	0.77	0.8	0.92	0.36	0.94
Other Liab	0.45	0.26	0.33	0.5		0.52	0.35	0.73	0.33	0.68	0.01	0.28	0.36	0.84	0.83	0.3	0.29	-0.52	0.42	0.31	-0.48	0.24	0.48	0.23	0.23	0.29
Retained Earnings	0.97	-0.44	0.91	0.98	0.52		0.91	0.43	0.39	0.58	-0.54	0.85	0.93	0.3	0.65	0.91	0.93	-0.87	0.87	0.54	-0.86	0.75	0.86	0.89	0.41	0.92
Accounts Payable	0.96	-0.49	0.98	0.93	0.35	0.91		0.14	0.26	0.38	-0.52	0.88	0.97	0.25	0.45	0.98	0.92	-0.65	0.78	0.38	-0.66	0.75	0.65	0.96	0.21	0.91
Cash	0.31	0.27	0.17	0.41	0.73	0.43	0.14		0.08	0.49	0.0	0.1	0.19	0.5	0.78	0.12	0.16	-0.54	0.29	0.28	-0.48	0.14	0.56	0.07	0.1	0.16
Other Assets	0.41	-0.01	0.35	0.39	0.33	0.39	0.26	0.08		0.43	-0.02	0.47	0.39	0.26	0.2	0.36	0.48	-0.33	0.53	0.58	-0.35	0.26	0.39	0.36	0.85	0.47
Net Receivables	0.47	0.09	0.39	0.52	0.68	0.58	0.38	0.49	0.43		-0.04	0.45	0.41	0.5	0.55	0.42	0.38	-0.71	0.61	0.3	-0.72	0.31	0.67	0.3	0.29	0.37
Inventory	-0.49	0.69	-0.5	-0.47	0.01	-0.54	-0.52	0.0	-0.02	-0.04		-0.49	-0.53	0.26	-0.2	-0.49	-0.59	0.56	-0.6	-0.45	0.57	-0.47	-0.6	-0.55	-0.23	-0.59
Other Current Assets	0.88	-0.39	0.89	0.85	0.28	0.85	0.88	0.1	0.47	0.45	-0.49		0.9	0.13	0.36	0.94	0.89	-0.69	0.87	0.6	-0.72	0.63	0.73	0.89	0.51	0.89
Total Liab	0.99	-0.5	1.0	0.96	0.36	0.93	0.97	0.19	0.39	0.41	-0.53	0.9		0.28	0.43	0.98	0.98	-0.66	0.82	0.5	-0.68	0.78	0.72	0.99	0.34	0.98
Intangible Assets	0.33	0.39	0.28	0.34	0.84	0.3	0.25	0.5	0.26	0.5	0.26	0.13	0.28		0.54	0.22	0.18	-0.14	0.22	0.1	-0.15	0.19	0.18	0.19	0.02	0.19
Common Stock	0.53	0.07	0.41	0.61	0.83	0.65	0.45	0.78	0.2	0.55	-0.2	0.36	0.43	0.54		0.4	0.38	-0.71	0.56	0.27	-0.66	0.32	0.63	0.32	0.24	0.37
Property Plant Equipment	0.96	-0.47	0.99	0.93	0.3	0.91	0.98	0.12	0.36	0.42	-0.49	0.94	0.98	0.22	0.4		0.94	-0.66	0.83	0.44	-0.68	0.75	0.69	0.97	0.3	0.94
Long Term Debt	0.96	-0.59	0.95	0.94	0.29	0.93	0.92	0.16	0.48	0.38	-0.59	0.89	0.98	0.18	0.38	0.94		-0.68	0.84	0.61	-0.7	0.79	0.75	0.98	0.47	1.0
Good Will	-0.73	0.33	-0.63	-0.78	-0.52	-0.87	-0.65	-0.54	-0.33	-0.71	0.56	-0.69	-0.66	-0.14	-0.71	-0.66	-0.68		-0.82	-0.48	0.98	-0.49	-0.91	-0.59	-0.44	-0.67
Net Tangible Assets	0.83	-0.39	0.8	0.83	0.42	0.87	0.78	0.29	0.53	0.61	-0.6	0.87	0.82	0.22	0.56	0.83	0.84	-0.82		0.66	-0.86	0.65	0.9	0.78	0.52	0.83
Other Stockholder Equity	0.51	-0.23	0.44	0.51	0.31	0.54	0.38	0.28	0.58	0.3	-0.45	0.6	0.5	0.1	0.27	0.44	0.61	-0.48	0.66		-0.53	0.41	0.66	0.47	0.61	0.6
Deferred Long Term Liab	-0.73	0.3	-0.65	-0.78	-0.48	-0.86	-0.66	-0.48	-0.35	-0.72	0.57	-0.72	-0.68	-0.15	-0.66	-0.68	-0.7	0.98	-0.86	-0.53		-0.51	-0.91	-0.61	-0.43	-0.69
Long Term Investments	0.78	-0.57	0.77	0.77	0.24	0.75	0.75	0.14	0.26	0.31	-0.47	0.63	0.78	0.19	0.32	0.75	0.79	-0.49	0.65	0.41	-0.51		0.6	0.8	0.2	0.8
Total Current Assets	0.76	-0.33	0.69	0.8	0.48	0.86	0.65	0.56	0.39	0.67	-0.6	0.73	0.72	0.18	0.63	0.69	0.75	-0.91	0.9	0.66	-0.91	0.6		0.65	0.42	0.74
Non Current Assets Total	0.96	-0.59	0.98	0.92	0.23	0.89	0.96	0.07	0.36	0.3	-0.55	0.89	0.99	0.19	0.32	0.97	0.98	-0.59	0.78	0.47	-0.61	0.8	0.65		0.33	0.98
Non Currrent Assets Other	0.36	-0.12	0.28	0.36	0.23	0.41	0.21	0.1	0.85	0.29	-0.23	0.51	0.34	0.02	0.24	0.3	0.47	-0.44	0.52	0.61	-0.43	0.2	0.42	0.33		0.45
Non Current Liabilities Total	0.96	-0.6	0.95	0.94	0.29	0.92	0.91	0.16	0.47	0.37	-0.59	0.89	0.98	0.19	0.37	0.94	1.0	-0.67	0.83	0.6	-0.69	0.8	0.74	0.98	0.45

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Shanxi Tond Account Relationship Matchups

Shanxi Tond fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.7B	2.1B	3.0B	3.9B	4.5B	4.7B
Other Current Liab	61.5M	52.1M	81.5M	5.2M	6.0M	5.7M
Total Current Liabilities	224.9M	327.8M	928.4M	1.2B	1.3B	1.4B
Total Stockholder Equity	1.3B	1.4B	1.7B	2.1B	2.5B	2.6B
Other Liab	63.8M	81.3M	76.7M	71.5M	82.3M	60.1M
Retained Earnings	899.3M	981.4M	1.2B	1.4B	1.6B	1.7B
Accounts Payable	55.0M	61.1M	223.6M	256.1M	294.5M	309.2M
Cash	605.1M	418.5M	317.2M	353.9M	407.0M	385.6M
Other Assets	46.1M	112.5M	474.7M	217.1M	249.7M	133.5M
Net Receivables	157.9M	151.5M	168.8M	137.8M	158.4M	122.4M
Inventory	46.4M	52.1M	55.1M	36.2M	32.6M	46.1M
Other Current Assets	60.3M	99.8M	217.5M	149.1M	171.5M	180.1M
Total Liab	421.1M	648.7M	1.2B	1.7B	2.0B	2.1B
Intangible Assets	136.4M	132.5M	141.4M	195.7M	225.0M	128.9M
Property Plant Equipment	413.3M	381.8M	539.8M	1.6B	1.9B	2.0B
Long Term Debt	114.9M	242.9M	248M	450.8M	518.5M	544.4M
Net Tangible Assets	979.1M	1.1B	1.2B	1.5B	1.7B	1.1B
Other Stockholder Equity	15.2M	45.9M	38.2M	33.1M	38.1M	30.2M
Deferred Long Term Liab	14.2M	12.1M	12.7M	11.8M	10.6M	13.4M
Total Current Assets	978.5M	830.6M	867.1M	910.9M	1.0B	826.2M
Non Current Assets Total	756.0M	1.3B	2.1B	3.0B	3.4B	3.6B
Non Currrent Assets Other	68.7M	432.0M	169.7M	100.4M	115.5M	112.2M
Non Current Liabilities Total	196.2M	320.9M	321.3M	554.4M	637.5M	669.4M
Short Long Term Debt	80.1M	160.2M	475.3M	446.4M	513.3M	539.0M
Non Current Liabilities Other	24.9M	24.2M	23.8M	23.6M	21.2M	20.6M
Net Invested Capital	1.5B	1.8B	2.4B	3.0B	3.5B	1.9B
Net Working Capital	753.6M	502.8M	(61.2M)	(257.4M)	(231.7M)	(220.1M)
Short Term Investments	75.9M	71.5M	71.3M	16.8M	15.2M	14.4M
Property Plant And Equipment Net	381.8M	539.8M	1.6B	2.5B	2.8B	3.0B
Property Plant And Equipment Gross	695.1M	885.3M	1.6B	2.7B	3.2B	3.3B

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Other Information on Investing in Shanxi Stock

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

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Shanxi Income Before Tax vs Income Tax Expense Analysis

Income Before Tax vs Income Tax Expense

Income Before Tax vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Income Before Tax

Income Tax Expense

Shanxi Tond fundamental ratios Correlations

Shanxi Tond Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanxi Tond fundamental ratios Accounts

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Other Information on Investing in Shanxi Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Liab

Total Current Assets	- 0.91	Deferred Long Term Liab
Total Current Assets	- 0.91	Good Will
Good Will	- 0.87	Retained Earnings
Deferred Long Term Liab	- 0.86	Net Tangible Assets
Deferred Long Term Liab	- 0.86	Retained Earnings
Net Tangible Assets	- 0.82	Good Will