BYD Net Income vs Gross Profit Analysis

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 Net Income and its Gross Profit 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.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BYD Co Net Income account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between BYD Co's Net Income and Gross Profit is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit 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 Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of BYD Co Ltd are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., BYD Co's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of BYD Co Ltd minus its cost of goods sold. It is profit before BYD Co operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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

Gross Profit Total Revenue

BYD Co fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Current Liabilities Total	Short Term Debt	Short Term Investments
Total Assets		0.33	1.0	0.98	0.99	-0.79	0.99	1.0	0.97	0.99	0.93	0.98	0.82	0.36	0.99	0.86	0.89	1.0	0.99	0.98	0.44	0.17	0.92	0.97	0.07	0.79
Other Current Liab	0.33		0.35	0.34	0.29	-0.25	0.23	0.33	0.17	0.3	0.55	0.26	0.38	0.27	0.44	0.28	0.4	0.33	0.36	0.24	0.23	-0.13	-0.03	0.17	-0.15	0.79
Total Current Liabilities	1.0	0.35		0.97	0.99	-0.8	0.99	1.0	0.97	1.0	0.94	0.98	0.79	0.33	0.99	0.85	0.87	1.0	0.98	0.97	0.41	0.13	0.92	0.97	0.03	0.8
Total Stockholder Equity	0.98	0.34	0.97		0.94	-0.72	0.96	0.96	0.94	0.95	0.91	0.95	0.89	0.46	0.98	0.88	0.96	0.97	0.99	0.97	0.53	0.27	0.87	0.92	0.17	0.78
Property Plant And Equipment Net	0.99	0.29	0.99	0.94		-0.83	0.99	0.99	0.97	1.0	0.92	0.98	0.73	0.28	0.97	0.8	0.82	0.99	0.96	0.96	0.39	0.08	0.94	0.98	-0.02	0.77
Net Debt	-0.79	-0.25	-0.8	-0.72	-0.83		-0.76	-0.83	-0.87	-0.82	-0.87	-0.88	-0.33	0.09	-0.78	-0.46	-0.61	-0.8	-0.73	-0.67	-0.03	0.43	-0.82	-0.74	0.52	-0.75
Retained Earnings	0.99	0.23	0.99	0.96	0.99	-0.76		0.99	0.97	0.99	0.89	0.97	0.8	0.36	0.97	0.86	0.86	0.99	0.98	0.98	0.45	0.21	0.94	0.99	0.1	0.72
Accounts Payable	1.0	0.33	1.0	0.96	0.99	-0.83	0.99		0.98	1.0	0.95	0.99	0.77	0.32	0.99	0.83	0.87	1.0	0.98	0.96	0.41	0.09	0.92	0.97	-0.01	0.81
Cash	0.97	0.17	0.97	0.94	0.97	-0.87	0.97	0.98		0.98	0.91	1.0	0.7	0.23	0.95	0.79	0.84	0.97	0.95	0.94	0.33	0.05	0.97	0.95	-0.05	0.72
Non Current Assets Total	0.99	0.3	1.0	0.95	1.0	-0.82	0.99	1.0	0.98		0.93	0.98	0.75	0.3	0.98	0.81	0.84	1.0	0.97	0.96	0.4	0.1	0.94	0.98	0.0	0.78
Non Currrent Assets Other	0.93	0.55	0.94	0.91	0.92	-0.87	0.89	0.95	0.91	0.93		0.94	0.69	0.26	0.96	0.71	0.85	0.93	0.92	0.85	0.34	-0.1	0.79	0.85	-0.19	0.94
Cash And Short Term Investments	0.98	0.26	0.98	0.95	0.98	-0.88	0.97	0.99	1.0	0.98	0.94		0.71	0.24	0.97	0.79	0.86	0.98	0.96	0.94	0.34	0.02	0.95	0.95	-0.08	0.78
Net Receivables	0.82	0.38	0.79	0.89	0.73	-0.33	0.8	0.77	0.7	0.75	0.69	0.71		0.64	0.83	0.9	0.91	0.79	0.88	0.86	0.65	0.61	0.62	0.75	0.53	0.61
Common Stock Shares Outstanding	0.36	0.27	0.33	0.46	0.28	0.09	0.36	0.32	0.23	0.3	0.26	0.24	0.64		0.37	0.49	0.54	0.32	0.42	0.47	0.95	0.67	0.15	0.29	0.62	0.25
Inventory	0.99	0.44	0.99	0.98	0.97	-0.78	0.97	0.99	0.95	0.98	0.96	0.97	0.83	0.37		0.85	0.91	0.99	0.99	0.96	0.45	0.15	0.86	0.94	0.04	0.85
Other Current Assets	0.86	0.28	0.85	0.88	0.8	-0.46	0.86	0.83	0.79	0.81	0.71	0.79	0.9	0.49	0.85		0.85	0.85	0.9	0.88	0.49	0.48	0.75	0.82	0.44	0.58
Other Stockholder Equity	0.89	0.4	0.87	0.96	0.82	-0.61	0.86	0.87	0.84	0.84	0.85	0.86	0.91	0.54	0.91	0.85		0.86	0.94	0.88	0.58	0.32	0.73	0.78	0.25	0.76
Total Liab	1.0	0.33	1.0	0.97	0.99	-0.8	0.99	1.0	0.97	1.0	0.93	0.98	0.79	0.32	0.99	0.85	0.86		0.98	0.97	0.41	0.14	0.93	0.97	0.04	0.79
Total Current Assets	0.99	0.36	0.98	0.99	0.96	-0.73	0.98	0.98	0.95	0.97	0.92	0.96	0.88	0.42	0.99	0.9	0.94	0.98		0.98	0.49	0.25	0.88	0.94	0.15	0.79
Intangible Assets	0.98	0.24	0.97	0.97	0.96	-0.67	0.98	0.96	0.94	0.96	0.85	0.94	0.86	0.47	0.96	0.88	0.88	0.97	0.98		0.55	0.34	0.9	0.97	0.23	0.69
Common Stock	0.44	0.23	0.41	0.53	0.39	-0.03	0.45	0.41	0.33	0.4	0.34	0.34	0.65	0.95	0.45	0.49	0.58	0.41	0.49	0.55		0.65	0.26	0.4	0.55	0.3
Short Long Term Debt Total	0.17	-0.13	0.13	0.27	0.08	0.43	0.21	0.09	0.05	0.1	-0.1	0.02	0.61	0.67	0.15	0.48	0.32	0.14	0.25	0.34	0.65		0.08	0.2	0.96	-0.17
Current Deferred Revenue	0.92	-0.03	0.92	0.87	0.94	-0.82	0.94	0.92	0.97	0.94	0.79	0.95	0.62	0.15	0.86	0.75	0.73	0.93	0.88	0.9	0.26	0.08		0.95	-0.01	0.55
Non Current Liabilities Total	0.97	0.17	0.97	0.92	0.98	-0.74	0.99	0.97	0.95	0.98	0.85	0.95	0.75	0.29	0.94	0.82	0.78	0.97	0.94	0.97	0.4	0.2	0.95		0.07	0.66
Short Term Debt	0.07	-0.15	0.03	0.17	-0.02	0.52	0.1	-0.01	-0.05	0.0	-0.19	-0.08	0.53	0.62	0.04	0.44	0.25	0.04	0.15	0.23	0.55	0.96	-0.01	0.07		-0.25
Short Term Investments	0.79	0.79	0.8	0.78	0.77	-0.75	0.72	0.81	0.72	0.78	0.94	0.78	0.61	0.25	0.85	0.58	0.76	0.79	0.79	0.69	0.3	-0.17	0.55	0.66	-0.25

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BYD Co Account Relationship Matchups

BYD Co fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	195.6B	201.0B	295.8B	493.9B	679.5B	713.5B
Other Current Liab	7.0B	2.5B	3.7B	142.4B	4.4B	4.2B
Total Current Liabilities	108.0B	106.4B	171.3B	333.3B	453.7B	476.4B
Total Stockholder Equity	56.8B	56.9B	95.1B	111.0B	138.8B	145.8B
Property Plant And Equipment Net	60.8B	61.6B	83.1B	179.6B	275.3B	289.1B
Net Debt	58.9B	37.8B	(15.1B)	(29.6B)	(62.2B)	(59.1B)
Retained Earnings	21.1B	24.5B	26.5B	40.9B	67.1B	70.5B
Accounts Payable	36.2B	51.9B	80.5B	143.8B	198.5B	208.4B
Cash	12.7B	14.4B	50.5B	51.5B	109.1B	114.5B
Non Current Assets Total	88.7B	89.4B	129.7B	253.1B	377.4B	396.3B
Non Currrent Assets Other	1.9B	2.1B	19.5B	43.3B	37.2B	39.1B
Cash And Short Term Investments	12.7B	14.4B	56.1B	72.1B	118.7B	124.6B
Net Receivables	59.9B	57.2B	56.9B	75.4B	75.1B	78.8B
Liabilities And Stockholders Equity	195.6B	201.0B	295.8B	493.9B	679.5B	713.5B
Inventory	25.6B	31.4B	43.4B	79.1B	87.7B	92.1B
Other Current Assets	8.9B	8.6B	9.8B	14.2B	20.7B	21.8B
Other Stockholder Equity	28.7B	25.4B	60.3B	58.5B	59.1B	62.0B
Total Liab	133.0B	136.6B	191.5B	372.5B	529.1B	555.5B
Total Current Assets	107.0B	111.6B	166.1B	240.8B	302.1B	317.2B
Intangible Assets	18.4B	16.7B	19.7B	24.9B	37.8B	39.7B
Short Long Term Debt Total	71.5B	52.3B	35.4B	21.8B	46.9B	29.5B
Non Current Liabilities Total	25.0B	30.1B	20.2B	39.1B	75.4B	79.2B
Short Term Debt	49.1B	27.8B	23.2B	11.6B	26.1B	19.8B
Short Term Investments	34.3M	24K	5.6B	20.6B	9.6B	10.0B
Other Liab	2.5B	5.7B	8.0B	28.9B	33.3B	34.9B
Net Tangible Assets	44.0B	45.0B	77.9B	87.7B	100.9B	56.2B
Other Assets	9.4B	9.1B	8.7B	18.4B	21.1B	11.3B
Long Term Debt	21.9B	23.6B	10.8B	7.6B	12.0B	14.8B
Deferred Long Term Liab	5.6B	5.9B	5.0B	2.7B	3.1B	4.6B
Short Long Term Debt	40.3B	16.4B	10.2B	5.2B	18.3B	17.4B
Property Plant Equipment	60.8B	61.6B	83.1B	179.6B	206.6B	216.9B
Non Current Liabilities Other	2.4B	5.3B	7.4B	26.9B	50.6B	53.2B
Net Invested Capital	119.0B	96.9B	116.1B	123.8B	169.1B	131.0B
Net Working Capital	(1.1B)	5.2B	(5.2B)	(92.5B)	(151.5B)	(144.0B)

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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.

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BYD Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

BYD Co fundamental ratios Correlations

BYD Co Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BYD Co fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities

Cash And Short Term Investments	- 0.88	Net Debt
Non Currrent Assets Other	- 0.87	Net Debt
Cash	- 0.87	Net Debt
Accounts Payable	- 0.83	Net Debt
Net Debt	- 0.83	Property Plant And Equipment Net
Current Deferred Revenue	- 0.82	Net Debt