Zhejiang Total Revenue vs Gross Profit Analysis

002648 Stock

17.95 0.22 1.24%

Zhejiang Satellite financial indicator trend analysis is more than just analyzing Zhejiang Satellite current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Satellite is a good investment. Please check the relationship between Zhejiang Satellite Total Revenue and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Satellite Petrochemical. 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 Gross Profit

Total Revenue vs Gross Profit Correlation Analysis

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

The correlation between Zhejiang Satellite's Total Revenue and Gross Profit is 0.86. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Zhejiang Satellite Petrochemical, assuming nothing else is changed. The correlation between historical values of Zhejiang Satellite's Total Revenue 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 Total Revenue of Zhejiang Satellite Petrochemical 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 Total Revenue i.e., Zhejiang Satellite's Total Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Total Revenue

Total revenue comprises all receipts Zhejiang Satellite 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Zhejiang Satellite Petrochemical minus its cost of goods sold. It is profit before Zhejiang Satellite 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 Zhejiang Satellite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Satellite 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 Satellite Petrochemical. 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 December 1, 2024, Selling General Administrative is expected to decline to about 310.3 M. In addition to that, Discontinued Operations is expected to decline to about 10.1 M

	2023	2024 (projected)
Discontinued Operations	19.8M	10.1M
Research Development	1.6B	1.7B

Discontinued Operations Research Development

Zhejiang Satellite fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Good Will	Treasury Stock	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets
Total Assets		0.46	0.94	0.99	0.99	0.97	0.87	0.97	0.07	0.99	0.35	1.0	0.96	0.96	0.99	0.93	0.95	0.7	0.62	0.99	-0.09	-0.59	0.96	0.85	0.1	0.86
Other Current Liab	0.46		0.47	0.45	0.37	0.48	0.67	0.46	0.43	0.43	0.84	0.46	0.32	0.29	0.38	0.61	0.5	-0.25	0.57	0.48	0.01	-0.75	0.33	0.53	0.2	0.75
Total Current Liabilities	0.94	0.47		0.94	0.91	0.95	0.86	0.97	0.12	0.88	0.45	0.93	0.97	0.89	0.91	0.84	0.96	0.62	0.79	0.94	-0.08	-0.58	0.81	0.94	0.4	0.84
Total Stockholder Equity	0.99	0.45	0.94		0.99	0.96	0.88	0.96	0.13	0.97	0.35	0.98	0.97	0.95	0.98	0.91	0.95	0.71	0.66	1.0	-0.03	-0.6	0.94	0.87	0.17	0.87
Retained Earnings	0.99	0.37	0.91	0.99		0.94	0.82	0.94	0.07	0.99	0.25	0.99	0.96	0.97	0.99	0.9	0.92	0.76	0.58	0.98	-0.1	-0.53	0.97	0.82	0.08	0.82
Accounts Payable	0.97	0.48	0.95	0.96	0.94		0.86	0.97	-0.05	0.93	0.43	0.97	0.95	0.91	0.96	0.92	0.96	0.63	0.65	0.96	-0.12	-0.57	0.9	0.85	0.14	0.85
Cash	0.87	0.67	0.86	0.88	0.82	0.86		0.87	0.28	0.81	0.62	0.85	0.79	0.7	0.8	0.93	0.91	0.42	0.68	0.89	-0.05	-0.88	0.74	0.86	0.26	0.96
Other Assets	0.97	0.46	0.97	0.96	0.94	0.97	0.87		0.01	0.93	0.41	0.96	0.97	0.9	0.94	0.9	0.99	0.64	0.67	0.96	-0.1	-0.59	0.88	0.87	0.25	0.85
Net Receivables	0.07	0.43	0.12	0.13	0.07	-0.05	0.28	0.01		0.08	0.4	0.04	0.04	0.02	0.0	0.1	0.04	-0.14	0.41	0.11	0.21	-0.5	-0.04	0.26	0.3	0.31
Inventory	0.99	0.43	0.88	0.97	0.99	0.93	0.81	0.93	0.08		0.29	0.99	0.94	0.96	0.99	0.91	0.91	0.71	0.56	0.97	-0.08	-0.54	0.98	0.77	0.01	0.82
Other Current Assets	0.35	0.84	0.45	0.35	0.25	0.43	0.62	0.41	0.4	0.29		0.35	0.26	0.17	0.26	0.54	0.46	-0.25	0.48	0.35	-0.13	-0.77	0.18	0.47	0.23	0.65
Total Liab	1.0	0.46	0.93	0.98	0.99	0.97	0.85	0.96	0.04	0.99	0.35		0.96	0.95	0.99	0.93	0.94	0.7	0.6	0.99	-0.12	-0.58	0.97	0.83	0.06	0.85
Intangible Assets	0.96	0.32	0.97	0.97	0.96	0.95	0.79	0.97	0.04	0.94	0.26	0.96		0.96	0.96	0.83	0.95	0.76	0.69	0.96	-0.05	-0.47	0.9	0.87	0.25	0.78
Common Stock	0.96	0.29	0.89	0.95	0.97	0.91	0.7	0.9	0.02	0.96	0.17	0.95	0.96		0.98	0.8	0.86	0.78	0.6	0.94	-0.03	-0.35	0.94	0.78	0.08	0.71
Property Plant Equipment	0.99	0.38	0.91	0.98	0.99	0.96	0.8	0.94	0.0	0.99	0.26	0.99	0.96	0.98		0.9	0.91	0.75	0.56	0.98	-0.11	-0.49	0.98	0.8	0.04	0.8
Long Term Debt	0.93	0.61	0.84	0.91	0.9	0.92	0.93	0.9	0.1	0.91	0.54	0.93	0.83	0.8	0.9		0.91	0.52	0.53	0.92	-0.11	-0.78	0.89	0.75	-0.03	0.93
Other Liab	0.95	0.5	0.96	0.95	0.92	0.96	0.91	0.99	0.04	0.91	0.46	0.94	0.95	0.86	0.91	0.91		0.59	0.68	0.95	-0.1	-0.65	0.85	0.9	0.3	0.88
Good Will	0.7	-0.25	0.62	0.71	0.76	0.63	0.42	0.64	-0.14	0.71	-0.25	0.7	0.76	0.78	0.75	0.52	0.59		0.27	0.69	-0.08	-0.1	0.75	0.51	-0.05	0.41
Treasury Stock	0.62	0.57	0.79	0.66	0.58	0.65	0.68	0.67	0.41	0.56	0.48	0.6	0.69	0.6	0.56	0.53	0.68	0.27		0.66	0.3	-0.54	0.42	0.8	0.61	0.71
Net Tangible Assets	0.99	0.48	0.94	1.0	0.98	0.96	0.89	0.96	0.11	0.97	0.35	0.99	0.96	0.94	0.98	0.92	0.95	0.69	0.66		-0.02	-0.62	0.94	0.88	0.16	0.89
Short Term Investments	-0.09	0.01	-0.08	-0.03	-0.1	-0.12	-0.05	-0.1	0.21	-0.08	-0.13	-0.12	-0.05	-0.03	-0.11	-0.11	-0.1	-0.08	0.3	-0.02		-0.02	-0.13	-0.09	0.08	0.01
Other Stockholder Equity	-0.59	-0.75	-0.58	-0.6	-0.53	-0.57	-0.88	-0.59	-0.5	-0.54	-0.77	-0.58	-0.47	-0.35	-0.49	-0.78	-0.65	-0.1	-0.54	-0.62	-0.02		-0.47	-0.62	-0.16	-0.86
Deferred Long Term Liab	0.96	0.33	0.81	0.94	0.97	0.9	0.74	0.88	-0.04	0.98	0.18	0.97	0.9	0.94	0.98	0.89	0.85	0.75	0.42	0.94	-0.13	-0.47		0.68	-0.14	0.75
Long Term Investments	0.85	0.53	0.94	0.87	0.82	0.85	0.86	0.87	0.26	0.77	0.47	0.83	0.87	0.78	0.8	0.75	0.9	0.51	0.8	0.88	-0.09	-0.62	0.68		0.58	0.84
Short Long Term Debt	0.1	0.2	0.4	0.17	0.08	0.14	0.26	0.25	0.3	0.01	0.23	0.06	0.25	0.08	0.04	-0.03	0.3	-0.05	0.61	0.16	0.08	-0.16	-0.14	0.58		0.21
Total Current Assets	0.86	0.75	0.84	0.87	0.82	0.85	0.96	0.85	0.31	0.82	0.65	0.85	0.78	0.71	0.8	0.93	0.88	0.41	0.71	0.89	0.01	-0.86	0.75	0.84	0.21

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Zhejiang Satellite Account Relationship Matchups

Zhejiang Satellite fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.9B	32.3B	48.7B	56.4B	64.6B	67.8B
Other Current Liab	403.8M	1.2B	2.1B	2.0B	126.7M	120.3M
Total Current Liabilities	7.9B	9.2B	8.8B	10.1B	11.9B	12.5B
Total Stockholder Equity	9.2B	13.6B	19.4B	21.1B	25.5B	26.7B
Retained Earnings	4.0B	5.4B	11.2B	12.8B	16.8B	17.7B
Accounts Payable	2.1B	4.6B	4.0B	5.6B	5.7B	6.0B
Cash	3.3B	7.2B	9.6B	5.5B	6.4B	6.7B
Other Assets	1.3B	1.5B	1.8B	2.0B	2.3B	2.4B
Net Receivables	838.5M	407.8M	2.4B	675.9M	639.4M	1.0B
Inventory	903.0M	1.2B	3.3B	3.9B	4.2B	4.4B
Other Current Assets	382.1M	953.7M	1.2B	753.5M	194.5M	184.8M
Total Liab	8.7B	18.7B	29.3B	35.2B	39.1B	41.0B
Intangible Assets	840.5M	857.1M	998.2M	1.3B	1.8B	1.9B
Common Stock	1.1B	1.2B	1.7B	3.4B	3.9B	4.1B
Property Plant Equipment	8.7B	16.6B	27.1B	39.1B	45.0B	47.2B
Other Liab	244.3M	278.2M	333.5M	313.4M	360.4M	378.4M
Net Tangible Assets	8.4B	12.7B	18.3B	19.8B	22.8B	23.9B
Short Term Investments	58.4M	126.8M	55.4M	27.6M	43.0M	40.8M
Other Stockholder Equity	47.5M	(16.8M)	(83.9M)	28.0M	25.2M	14.6M
Deferred Long Term Liab	256.3M	637.9M	1.4B	1.8B	2.1B	2.2B
Short Long Term Debt	5.3B	2.4B	1.4B	1.1B	1.2B	1.7B
Total Current Assets	5.5B	11.1B	16.6B	11.7B	12.7B	9.1B
Non Current Assets Total	12.5B	21.3B	32.1B	44.7B	51.8B	54.4B
Non Currrent Assets Other	1.0B	812.2M	269.4M	1.6M	36.7M	34.9M
Non Current Liabilities Total	794.2M	9.5B	20.5B	25.2B	27.2B	28.5B
Non Current Liabilities Other	10.9M	39.2M	85.7M	56.5M	42.2M	38.5M
Net Debt	2.5B	4.5B	5.8B	6.1B	5.7B	4.0B
Common Stock Shares Outstanding	1.5B	1.7B	1.7B	3.4B	3.4B	2.3B
Net Invested Capital	15.1B	25.3B	34.8B	32.7B	37.5B	26.1B
Net Working Capital	(2.4B)	1.9B	7.8B	1.7B	818.3M	777.4M
Capital Stock	1.1B	1.2B	1.7B	3.4B	3.4B	2.2B

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Other Information on Investing in Zhejiang Stock

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

Total Revenue vs Gross Profit

Total Revenue vs Gross Profit Correlation Analysis

Correlation Coefficient

Total Revenue

Gross Profit

Zhejiang Satellite fundamental ratios Correlations

Zhejiang Satellite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Satellite fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

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Total Liab	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Assets

Other Stockholder Equity	- 0.88	Cash
Total Current Assets	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.78	Long Term Debt
Other Stockholder Equity	- 0.77	Other Current Assets
Other Stockholder Equity	- 0.75	Other Current Liab
Other Stockholder Equity	- 0.65	Other Liab