Zhejiang Operating Income vs Income Tax Expense Analysis

002372 Stock   12.67  0.51  3.87%   
Zhejiang Weixing financial indicator trend analysis is more than just analyzing Zhejiang Weixing New current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Weixing New is a good investment. Please check the relationship between Zhejiang Weixing Operating Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Weixing New. 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.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Weixing New Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zhejiang Weixing's Operating Income and Income Tax Expense is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Zhejiang Weixing New, assuming nothing else is changed. The correlation between historical values of Zhejiang Weixing's Operating Income 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 Operating Income of Zhejiang Weixing New 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 Operating Income i.e., Zhejiang Weixing's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Income

Operating Income is the amount of profit realized from Zhejiang Weixing New 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 Weixing New 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.

Income Tax Expense

Most indicators from Zhejiang Weixing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Weixing New 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 Weixing New. 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.
As of November 24, 2024, Selling General Administrative is expected to decline to about 554.9 M. In addition to that, Tax Provision is expected to decline to about 214.4 M
 2021 2022 2023 2024 (projected)
Operating Income1.4B1.5B1.5B796.4M
Total Revenue6.4B7.0B6.4B3.6B

Zhejiang Weixing fundamental ratios Correlations

0.570.971.00.910.870.830.630.570.90.980.320.970.780.870.950.6-0.30.930.750.930.84-0.70.690.510.82
0.570.630.560.450.320.240.180.30.260.570.360.620.480.380.51-0.15-0.060.340.120.380.3-0.260.190.10.6
0.970.630.950.90.860.810.620.430.790.960.321.00.780.870.860.55-0.280.910.740.920.84-0.720.630.440.83
1.00.560.950.90.860.830.620.610.920.970.330.960.770.870.960.6-0.30.920.730.910.83-0.680.680.520.81
0.910.450.90.90.970.950.70.370.790.90.340.910.710.980.820.76-0.30.930.730.950.91-0.80.710.440.84
0.870.320.860.860.970.960.730.390.770.840.260.870.680.970.790.82-0.320.90.810.920.9-0.80.670.430.75
0.830.240.810.830.950.960.720.370.760.810.110.820.560.90.750.89-0.420.910.80.940.88-0.870.780.370.69
0.630.180.620.620.70.730.720.410.590.570.210.630.680.660.560.730.070.60.570.640.51-0.530.550.010.45
0.570.30.430.610.370.390.370.410.660.50.130.430.430.340.760.2-0.060.340.310.320.26-0.170.20.190.28
0.90.260.790.920.790.770.760.590.660.860.290.80.70.780.920.65-0.240.850.680.830.71-0.490.670.540.68
0.980.570.960.970.90.840.810.570.50.860.320.960.740.870.920.56-0.340.930.680.920.87-0.710.630.560.82
0.320.360.320.330.340.260.110.210.130.290.320.320.30.380.310.030.670.25-0.060.240.270.070.070.280.55
0.970.621.00.960.910.870.820.630.430.80.960.320.780.870.860.57-0.290.930.760.930.84-0.730.670.450.82
0.780.480.780.770.710.680.560.680.430.70.740.30.780.730.680.42-0.060.650.560.650.54-0.380.410.260.65
0.870.380.870.870.980.970.90.660.340.780.870.380.870.730.790.72-0.270.90.70.90.89-0.710.590.440.86
0.950.510.860.960.820.790.750.560.760.920.920.310.860.680.790.51-0.290.830.650.810.75-0.570.570.510.75
0.6-0.150.550.60.760.820.890.730.20.650.560.030.570.420.720.51-0.30.770.780.790.74-0.750.810.330.42
-0.3-0.06-0.28-0.3-0.3-0.32-0.420.07-0.06-0.24-0.340.67-0.29-0.06-0.27-0.29-0.3-0.39-0.48-0.39-0.40.55-0.35-0.26-0.12
0.930.340.910.920.930.90.910.60.340.850.930.250.930.650.90.830.77-0.390.820.990.94-0.810.780.580.78
0.750.120.740.730.730.810.80.570.310.680.68-0.060.760.560.70.650.78-0.480.820.810.77-0.770.740.510.42
0.930.380.920.910.950.920.940.640.320.830.920.240.930.650.90.810.79-0.390.990.810.93-0.840.820.510.79
0.840.30.840.830.910.90.880.510.260.710.870.270.840.540.890.750.74-0.40.940.770.93-0.880.660.650.72
-0.7-0.26-0.72-0.68-0.8-0.8-0.87-0.53-0.17-0.49-0.710.07-0.73-0.38-0.71-0.57-0.750.55-0.81-0.77-0.84-0.88-0.71-0.41-0.5
0.690.190.630.680.710.670.780.550.20.670.630.070.670.410.590.570.81-0.350.780.740.820.66-0.710.430.47
0.510.10.440.520.440.430.370.010.190.540.560.280.450.260.440.510.33-0.260.580.510.510.65-0.410.430.26
0.820.60.830.810.840.750.690.450.280.680.820.550.820.650.860.750.42-0.120.780.420.790.72-0.50.470.26
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Zhejiang Weixing Account Relationship Matchups

Zhejiang Weixing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8B5.7B6.4B6.9B7.3B3.8B
Other Current Liab424.8M699.7M843.2M667.8M62.1M59.0M
Total Current Liabilities892.5M1.3B1.5B1.4B1.5B797.3M
Total Stockholder Equity3.9B4.3B4.9B5.3B5.6B3.0B
Retained Earnings2.1B2.5B3.0B3.3B3.0B3.1B
Accounts Payable318.7M399.3M385.3M438.3M496.7M521.6M
Cash1.6B2.0B2.4B3.2B3.2B3.3B
Other Assets23.2M35.7M62.9M82.9M95.3M100.0M
Net Receivables415.0M292.3M353.4M444.3M550.6M295.2M
Inventory728.4M768.8M1.1B891.6M1.0B554.2M
Other Current Assets203.9M224.4M223.2M237.3M112.2M183.0M
Total Liab919.0M1.3B1.5B1.5B1.5B837.5M
Intangible Assets264.8M257.8M255.3M285.7M362.6M188.6M
Common Stock1.0B1.3B1.6B1.6B1.8B1.9B
Property Plant Equipment1.2B1.3B1.3B1.4B1.6B902.0M
Other Liab26.5M33.1M37.4M122.9M141.4M148.4M
Short Term Investments340M669.0M112.9M163.8M147.4M249.8M
Net Tangible Assets3.6B4.1B4.7B5.0B5.8B3.9B
Deferred Long Term Liab11.7M14.8M11.8M15.5M17.9M13.6M
Total Current Assets3.1B3.6B4.3B4.9B5.1B3.7B
Non Current Assets Total1.7B2.1B2.1B2.0B2.2B2.0B
Non Currrent Assets Other1.4B1.8B1.7B27.7M55.5M52.7M
Non Current Liabilities Total26.5M33.1M44.5M133.2M81.5M54.0M
Net Invested Capital3.9B4.3B4.9B5.3B5.6B4.9B
Net Working Capital2.2B2.3B2.8B3.6B3.6B2.9B

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Other Information on Investing in Zhejiang Stock

Balance Sheet is a snapshot of the financial position of Zhejiang Weixing New at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Weixing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Weixing 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.