Zhejiang Total Revenue vs Net Income Analysis

002372 Stock

12.99 0.72 5.87%

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 Total Revenue and its Net Income 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.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Weixing New Total Revenue account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Zhejiang Weixing's Total Revenue and Net Income is 0.89. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income 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 Total Revenue 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 Total Revenue of Zhejiang Weixing New 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 Total Revenue i.e., Zhejiang Weixing's Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

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Total Revenue

Total revenue comprises all receipts Zhejiang Weixing New generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Net Income

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

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 27, 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 Income	1.4B	1.5B	1.5B	796.4M
Total Revenue	6.4B	7.0B	6.4B	3.6B

Operating Income Total Revenue

Zhejiang Weixing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Long Term Investments	Treasury Stock
Total Assets		0.57	0.97	1.0	0.91	0.87	0.83	0.63	0.57	0.9	0.98	0.32	0.97	0.78	0.87	0.95	0.6	-0.3	0.93	0.75	0.93	0.84	-0.7	0.69	0.51	0.82
Other Current Liab	0.57		0.63	0.56	0.45	0.32	0.24	0.18	0.3	0.26	0.57	0.36	0.62	0.48	0.38	0.51	-0.15	-0.06	0.34	0.12	0.38	0.3	-0.26	0.19	0.1	0.6
Total Current Liabilities	0.97	0.63		0.95	0.9	0.86	0.81	0.62	0.43	0.79	0.96	0.32	1.0	0.78	0.87	0.86	0.55	-0.28	0.91	0.74	0.92	0.84	-0.72	0.63	0.44	0.83
Total Stockholder Equity	1.0	0.56	0.95		0.9	0.86	0.83	0.62	0.61	0.92	0.97	0.33	0.96	0.77	0.87	0.96	0.6	-0.3	0.92	0.73	0.91	0.83	-0.68	0.68	0.52	0.81
Retained Earnings	0.91	0.45	0.9	0.9		0.97	0.95	0.7	0.37	0.79	0.9	0.34	0.91	0.71	0.98	0.82	0.76	-0.3	0.93	0.73	0.95	0.91	-0.8	0.71	0.44	0.84
Accounts Payable	0.87	0.32	0.86	0.86	0.97		0.96	0.73	0.39	0.77	0.84	0.26	0.87	0.68	0.97	0.79	0.82	-0.32	0.9	0.81	0.92	0.9	-0.8	0.67	0.43	0.75
Cash	0.83	0.24	0.81	0.83	0.95	0.96		0.72	0.37	0.76	0.81	0.11	0.82	0.56	0.9	0.75	0.89	-0.42	0.91	0.8	0.94	0.88	-0.87	0.78	0.37	0.69
Other Assets	0.63	0.18	0.62	0.62	0.7	0.73	0.72		0.41	0.59	0.57	0.21	0.63	0.68	0.66	0.56	0.73	0.07	0.6	0.57	0.64	0.51	-0.53	0.55	0.01	0.45
Long Term Debt	0.57	0.3	0.43	0.61	0.37	0.39	0.37	0.41		0.66	0.5	0.13	0.43	0.43	0.34	0.76	0.2	-0.06	0.34	0.31	0.32	0.26	-0.17	0.2	0.19	0.28
Net Receivables	0.9	0.26	0.79	0.92	0.79	0.77	0.76	0.59	0.66		0.86	0.29	0.8	0.7	0.78	0.92	0.65	-0.24	0.85	0.68	0.83	0.71	-0.49	0.67	0.54	0.68
Inventory	0.98	0.57	0.96	0.97	0.9	0.84	0.81	0.57	0.5	0.86		0.32	0.96	0.74	0.87	0.92	0.56	-0.34	0.93	0.68	0.92	0.87	-0.71	0.63	0.56	0.82
Other Current Assets	0.32	0.36	0.32	0.33	0.34	0.26	0.11	0.21	0.13	0.29	0.32		0.32	0.3	0.38	0.31	0.03	0.67	0.25	-0.06	0.24	0.27	0.07	0.07	0.28	0.55
Total Liab	0.97	0.62	1.0	0.96	0.91	0.87	0.82	0.63	0.43	0.8	0.96	0.32		0.78	0.87	0.86	0.57	-0.29	0.93	0.76	0.93	0.84	-0.73	0.67	0.45	0.82
Intangible Assets	0.78	0.48	0.78	0.77	0.71	0.68	0.56	0.68	0.43	0.7	0.74	0.3	0.78		0.73	0.68	0.42	-0.06	0.65	0.56	0.65	0.54	-0.38	0.41	0.26	0.65
Common Stock	0.87	0.38	0.87	0.87	0.98	0.97	0.9	0.66	0.34	0.78	0.87	0.38	0.87	0.73		0.79	0.72	-0.27	0.9	0.7	0.9	0.89	-0.71	0.59	0.44	0.86
Property Plant Equipment	0.95	0.51	0.86	0.96	0.82	0.79	0.75	0.56	0.76	0.92	0.92	0.31	0.86	0.68	0.79		0.51	-0.29	0.83	0.65	0.81	0.75	-0.57	0.57	0.51	0.75
Other Liab	0.6	-0.15	0.55	0.6	0.76	0.82	0.89	0.73	0.2	0.65	0.56	0.03	0.57	0.42	0.72	0.51		-0.3	0.77	0.78	0.79	0.74	-0.75	0.81	0.33	0.42
Short Term Investments	-0.3	-0.06	-0.28	-0.3	-0.3	-0.32	-0.42	0.07	-0.06	-0.24	-0.34	0.67	-0.29	-0.06	-0.27	-0.29	-0.3		-0.39	-0.48	-0.39	-0.4	0.55	-0.35	-0.26	-0.12
Net Tangible Assets	0.93	0.34	0.91	0.92	0.93	0.9	0.91	0.6	0.34	0.85	0.93	0.25	0.93	0.65	0.9	0.83	0.77	-0.39		0.82	0.99	0.94	-0.81	0.78	0.58	0.78
Deferred Long Term Liab	0.75	0.12	0.74	0.73	0.73	0.81	0.8	0.57	0.31	0.68	0.68	-0.06	0.76	0.56	0.7	0.65	0.78	-0.48	0.82		0.81	0.77	-0.77	0.74	0.51	0.42
Total Current Assets	0.93	0.38	0.92	0.91	0.95	0.92	0.94	0.64	0.32	0.83	0.92	0.24	0.93	0.65	0.9	0.81	0.79	-0.39	0.99	0.81		0.93	-0.84	0.82	0.51	0.79
Non Current Assets Total	0.84	0.3	0.84	0.83	0.91	0.9	0.88	0.51	0.26	0.71	0.87	0.27	0.84	0.54	0.89	0.75	0.74	-0.4	0.94	0.77	0.93		-0.88	0.66	0.65	0.72
Non Currrent Assets Other	-0.7	-0.26	-0.72	-0.68	-0.8	-0.8	-0.87	-0.53	-0.17	-0.49	-0.71	0.07	-0.73	-0.38	-0.71	-0.57	-0.75	0.55	-0.81	-0.77	-0.84	-0.88		-0.71	-0.41	-0.5
Non Current Liabilities Total	0.69	0.19	0.63	0.68	0.71	0.67	0.78	0.55	0.2	0.67	0.63	0.07	0.67	0.41	0.59	0.57	0.81	-0.35	0.78	0.74	0.82	0.66	-0.71		0.43	0.47
Long Term Investments	0.51	0.1	0.44	0.52	0.44	0.43	0.37	0.01	0.19	0.54	0.56	0.28	0.45	0.26	0.44	0.51	0.33	-0.26	0.58	0.51	0.51	0.65	-0.41	0.43		0.26
Treasury Stock	0.82	0.6	0.83	0.81	0.84	0.75	0.69	0.45	0.28	0.68	0.82	0.55	0.82	0.65	0.86	0.75	0.42	-0.12	0.78	0.42	0.79	0.72	-0.5	0.47	0.26

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Zhejiang Weixing Account Relationship Matchups

Zhejiang Weixing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	5.7B	6.4B	6.9B	7.3B	3.8B
Other Current Liab	424.8M	699.7M	843.2M	667.8M	62.1M	59.0M
Total Current Liabilities	892.5M	1.3B	1.5B	1.4B	1.5B	797.3M
Total Stockholder Equity	3.9B	4.3B	4.9B	5.3B	5.6B	3.0B
Retained Earnings	2.1B	2.5B	3.0B	3.3B	3.0B	3.1B
Accounts Payable	318.7M	399.3M	385.3M	438.3M	496.7M	521.6M
Cash	1.6B	2.0B	2.4B	3.2B	3.2B	3.3B
Other Assets	23.2M	35.7M	62.9M	82.9M	95.3M	100.0M
Net Receivables	415.0M	292.3M	353.4M	444.3M	550.6M	295.2M
Inventory	728.4M	768.8M	1.1B	891.6M	1.0B	554.2M
Other Current Assets	203.9M	224.4M	223.2M	237.3M	112.2M	183.0M
Total Liab	919.0M	1.3B	1.5B	1.5B	1.5B	837.5M
Intangible Assets	264.8M	257.8M	255.3M	285.7M	362.6M	188.6M
Common Stock	1.0B	1.3B	1.6B	1.6B	1.8B	1.9B
Property Plant Equipment	1.2B	1.3B	1.3B	1.4B	1.6B	902.0M
Other Liab	26.5M	33.1M	37.4M	122.9M	141.4M	148.4M
Short Term Investments	340M	669.0M	112.9M	163.8M	147.4M	249.8M
Net Tangible Assets	3.6B	4.1B	4.7B	5.0B	5.8B	3.9B
Deferred Long Term Liab	11.7M	14.8M	11.8M	15.5M	17.9M	13.6M
Total Current Assets	3.1B	3.6B	4.3B	4.9B	5.1B	3.7B
Non Current Assets Total	1.7B	2.1B	2.1B	2.0B	2.2B	2.0B
Non Currrent Assets Other	1.4B	1.8B	1.7B	27.7M	55.5M	52.7M
Non Current Liabilities Total	26.5M	33.1M	44.5M	133.2M	81.5M	54.0M
Net Invested Capital	3.9B	4.3B	4.9B	5.3B	5.6B	4.9B
Net Working Capital	2.2B	2.3B	2.8B	3.6B	3.6B	2.9B

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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.

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Zhejiang Total Revenue vs Net Income Analysis

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Total Revenue

Net Income

Zhejiang Weixing fundamental ratios Correlations

Zhejiang Weixing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Weixing fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 0.99	Net Tangible Assets
Inventory	+ 0.98	Total Assets
Common Stock	+ 0.98	Retained Earnings
Total Current Liabilities	+ 0.97	Total Assets

Non Currrent Assets Other	- 0.88	Non Current Assets Total
Non Currrent Assets Other	- 0.87	Cash
Non Currrent Assets Other	- 0.84	Total Current Assets
Non Currrent Assets Other	- 0.81	Net Tangible Assets
Non Currrent Assets Other	- 0.8	Accounts Payable
Non Currrent Assets Other	- 0.8	Retained Earnings