002594 Stock | | | 283.00 4.51 1.62% |
BYD Co financial indicator trend analysis is way more than just evaluating BYD Co prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BYD Co is a good investment. Please check the relationship between BYD Co Income Before Tax and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BYD Co Ltd. 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 Total Revenue
Income Before Tax vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BYD Co Income Before Tax account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between BYD Co's Income Before Tax and Total Revenue is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of BYD Co Ltd, assuming nothing else is changed. The correlation between historical values of BYD Co's Income Before Tax and Total Revenue 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 BYD Co Ltd are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., BYD Co's Income Before Tax and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on BYD Co income statement and is an important metric when analyzing BYD Co 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.
Total Revenue
Total revenue comprises all receipts BYD Co 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.
Most indicators from BYD Co's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BYD Co 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 BYD Co Ltd. 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
Selling General Administrative is expected to grow to about 1.5
B. The current year's
Tax Provision is expected to grow to about 6.2
B | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 28.1B | 72.2B | 121.8B | 127.8B | Total Revenue | 216.1B | 424.1B | 602.3B | 632.4B |
BYD Co fundamental ratios Correlations
Click cells to compare fundamentals
BYD Co Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BYD Co fundamental ratios Accounts
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Other Information on Investing in BYD Stock
Balance Sheet is a snapshot of the
financial position of BYD Co at a specified time, usually calculated after every quarter, six months, or one year. BYD Co Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BYD Co 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 BYD currently owns. An asset can also be divided into two categories, current and non-current.