Guangzhou Gross Profit vs Income Before Tax Analysis

002841 Stock

39.26 0.66 1.65%

Guangzhou Shiyuan financial indicator trend analysis is much more than just examining Guangzhou Shiyuan latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Shiyuan is a good investment. Please check the relationship between Guangzhou Shiyuan Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Shiyuan Electronic. 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.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangzhou Shiyuan Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Guangzhou Shiyuan's Gross Profit and Income Before Tax is 0.94. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Guangzhou Shiyuan Electronic, assuming nothing else is changed. The correlation between historical values of Guangzhou Shiyuan's Gross Profit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Guangzhou Shiyuan Electronic are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., Guangzhou Shiyuan's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Guangzhou Shiyuan Electronic minus its cost of goods sold. It is profit before Guangzhou Shiyuan 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Guangzhou Shiyuan income statement and is an important metric when analyzing Guangzhou Shiyuan 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.

Most indicators from Guangzhou Shiyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Shiyuan 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 Guangzhou Shiyuan Electronic. 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 Tax Provision is expected to grow to about 146.5 M, whereas Selling General Administrative is forecasted to decline to about 1.4 B.

	2021	2022	2023	2024 (projected)
Gross Profit	5.4B	5.8B	5.2B	4.5B
Total Revenue	21.2B	21.0B	20.2B	18.2B

Gross Profit Total Revenue

Guangzhou Shiyuan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding
Total Assets		0.4	1.0	1.0	0.94	0.93	1.0	0.97	0.94	0.94	0.32	0.89	-0.08	0.83	0.79	0.93	0.55	-0.03	1.0	0.48	0.98	0.98	0.99	0.9	0.93	0.79
Other Current Liab	0.4		0.4	0.39	0.28	0.16	0.41	0.46	0.56	0.31	0.21	0.47	0.13	-0.04	0.46	0.47	-0.49	0.28	0.42	0.38	0.43	0.47	0.41	0.48	0.16	-0.24
Total Current Liabilities	1.0	0.4		0.99	0.94	0.93	1.0	0.98	0.95	0.95	0.31	0.91	-0.06	0.83	0.78	0.95	0.56	-0.05	1.0	0.51	0.97	0.97	0.99	0.92	0.93	0.79
Total Stockholder Equity	1.0	0.39	0.99		0.93	0.93	1.0	0.96	0.93	0.93	0.32	0.87	-0.12	0.81	0.76	0.91	0.54	-0.06	0.99	0.45	0.98	0.98	0.98	0.89	0.92	0.79
Other Liab	0.94	0.28	0.94	0.93		0.97	0.95	0.94	0.92	0.93	0.39	0.81	-0.15	0.91	0.76	0.92	0.67	-0.06	0.94	0.47	0.89	0.94	0.95	0.87	0.97	0.79
Net Tangible Assets	0.93	0.16	0.93	0.93	0.97		0.92	0.91	0.87	0.87	0.3	0.79	-0.14	0.94	0.71	0.87	0.76	-0.11	0.92	0.48	0.91	0.9	0.92	0.83	1.0	0.86
Retained Earnings	1.0	0.41	1.0	1.0	0.95	0.92		0.97	0.95	0.96	0.36	0.88	-0.1	0.82	0.79	0.94	0.53	-0.04	0.99	0.46	0.96	0.99	0.99	0.9	0.92	0.77
Accounts Payable	0.97	0.46	0.98	0.96	0.94	0.91	0.97		0.99	0.94	0.38	0.92	0.03	0.84	0.8	0.99	0.52	0.02	0.98	0.62	0.93	0.94	0.99	0.96	0.9	0.72
Cash	0.94	0.56	0.95	0.93	0.92	0.87	0.95	0.99		0.9	0.37	0.91	0.09	0.8	0.85	0.97	0.44	0.14	0.96	0.68	0.91	0.92	0.97	0.97	0.87	0.63
Non Current Assets Total	0.94	0.31	0.95	0.93	0.93	0.87	0.96	0.94	0.9		0.43	0.84	-0.13	0.82	0.71	0.95	0.56	-0.11	0.94	0.39	0.84	0.93	0.96	0.87	0.86	0.77
Non Currrent Assets Other	0.32	0.21	0.31	0.32	0.39	0.3	0.36	0.38	0.37	0.43		0.23	-0.41	0.34	0.2	0.39	0.11	0.04	0.31	0.27	0.23	0.35	0.36	0.46	0.27	0.16
Other Assets	0.89	0.47	0.91	0.87	0.81	0.79	0.88	0.92	0.91	0.84	0.23		0.02	0.7	0.66	0.93	0.44	-0.07	0.9	0.65	0.86	0.84	0.91	0.93	0.8	0.65
Net Receivables	-0.08	0.13	-0.06	-0.12	-0.15	-0.14	-0.1	0.03	0.09	-0.13	-0.41	0.02		0.01	0.32	0.03	-0.07	0.62	-0.01	0.51	-0.04	-0.21	-0.02	0.06	-0.12	-0.13
Good Will	0.83	-0.04	0.83	0.81	0.91	0.94	0.82	0.84	0.8	0.82	0.34	0.7	0.01		0.71	0.81	0.88	0.02	0.84	0.56	0.78	0.75	0.85	0.8	0.94	0.89
Non Current Liabilities Total	0.79	0.46	0.78	0.76	0.76	0.71	0.79	0.8	0.85	0.71	0.2	0.66	0.32	0.71		0.75	0.38	0.56	0.82	0.6	0.79	0.75	0.83	0.81	0.72	0.53
Inventory	0.93	0.47	0.95	0.91	0.92	0.87	0.94	0.99	0.97	0.95	0.39	0.93	0.03	0.81	0.75		0.49	-0.03	0.95	0.62	0.86	0.91	0.96	0.95	0.86	0.66
Other Current Assets	0.55	-0.49	0.56	0.54	0.67	0.76	0.53	0.52	0.44	0.56	0.11	0.44	-0.07	0.88	0.38	0.49		-0.17	0.55	0.31	0.51	0.45	0.56	0.48	0.77	0.9
Other Stockholder Equity	-0.03	0.28	-0.05	-0.06	-0.06	-0.11	-0.04	0.02	0.14	-0.11	0.04	-0.07	0.62	0.02	0.56	-0.03	-0.17		0.02	0.44	0.02	-0.1	0.04	0.17	-0.1	-0.19
Total Liab	1.0	0.42	1.0	0.99	0.94	0.92	0.99	0.98	0.96	0.94	0.31	0.9	-0.01	0.84	0.82	0.95	0.55	0.02		0.53	0.97	0.97	1.0	0.92	0.92	0.78
Deferred Long Term Liab	0.48	0.38	0.51	0.45	0.47	0.48	0.46	0.62	0.68	0.39	0.27	0.65	0.51	0.56	0.6	0.62	0.31	0.44	0.53		0.51	0.36	0.56	0.75	0.48	0.3
Total Current Assets	0.98	0.43	0.97	0.98	0.89	0.91	0.96	0.93	0.91	0.84	0.23	0.86	-0.04	0.78	0.79	0.86	0.51	0.02	0.97	0.51		0.95	0.95	0.87	0.91	0.75
Non Current Liabilities Other	0.98	0.47	0.97	0.98	0.94	0.9	0.99	0.94	0.92	0.93	0.35	0.84	-0.21	0.75	0.75	0.91	0.45	-0.1	0.97	0.36	0.95		0.96	0.85	0.89	0.7
Intangible Assets	0.99	0.41	0.99	0.98	0.95	0.92	0.99	0.99	0.97	0.96	0.36	0.91	-0.02	0.85	0.83	0.96	0.56	0.04	1.0	0.56	0.95	0.96		0.95	0.92	0.77
Common Stock	0.9	0.48	0.92	0.89	0.87	0.83	0.9	0.96	0.97	0.87	0.46	0.93	0.06	0.8	0.81	0.95	0.48	0.17	0.92	0.75	0.87	0.85	0.95		0.83	0.66
Property Plant Equipment	0.93	0.16	0.93	0.92	0.97	1.0	0.92	0.9	0.87	0.86	0.27	0.8	-0.12	0.94	0.72	0.86	0.77	-0.1	0.92	0.48	0.91	0.89	0.92	0.83		0.87
Common Stock Shares Outstanding	0.79	-0.24	0.79	0.79	0.79	0.86	0.77	0.72	0.63	0.77	0.16	0.65	-0.13	0.89	0.53	0.66	0.9	-0.19	0.78	0.3	0.75	0.7	0.77	0.66	0.87

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Guangzhou Shiyuan Account Relationship Matchups

Guangzhou Shiyuan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.0B	12.6B	15.5B	20.1B	21.8B	13.0B
Other Current Liab	1.4B	1.2B	1.7B	1.8B	41.0M	39.0M
Total Current Liabilities	4.0B	4.9B	6.4B	7.4B	8.3B	5.3B
Total Stockholder Equity	4.9B	7.2B	8.4B	11.9B	12.5B	7.2B
Other Liab	118.7M	200.8M	292.4M	356.2M	409.6M	430.1M
Net Tangible Assets	4.6B	6.8B	7.9B	11.5B	13.2B	13.8B
Retained Earnings	3.4B	4.8B	5.9B	7.0B	7.6B	4.6B
Accounts Payable	2.1B	2.5B	3.0B	2.9B	3.2B	2.5B
Cash	4.0B	3.8B	5.0B	4.7B	4.7B	3.9B
Non Current Assets Total	2.4B	5.5B	7.1B	4.7B	8.5B	4.3B
Non Currrent Assets Other	541.3M	3.3B	91.6M	76.7M	524.7M	672.5M
Other Assets	415.6M	193.2M	238.0M	400.3M	460.4M	253.9M
Net Receivables	489.3M	128.0M	342.4M	205.8M	295.8M	250.5M
Non Current Liabilities Total	970.4M	292.4M	583.2M	592.9M	653.3M	457.4M
Inventory	1.4B	1.8B	2.4B	1.9B	2.2B	1.8B
Other Current Assets	164.1M	99.7M	116.9M	195.8M	5.0B	5.2B
Other Stockholder Equity	3.0M	194.8M	(365.6K)	(8.7M)	(10.0M)	(9.5M)
Total Liab	5.0B	5.2B	7.0B	8.0B	8.9B	5.7B
Deferred Long Term Liab	26.2M	25.1M	16.2M	15.3M	17.6M	20.4M
Total Current Assets	7.6B	7.0B	8.4B	15.4B	13.3B	8.7B
Non Current Liabilities Other	112.2M	200.7M	247.7M	310.2M	269.8M	175.3M
Intangible Assets	280.9M	309.6M	380.7M	395.8M	481.8M	315.5M
Common Stock	655.8M	655.7M	668.0M	666.5M	766.5M	626.2M
Property Plant Equipment	1.2B	1.5B	2.0B	2.8B	3.2B	3.4B
Common Stock Shares Outstanding	655.7M	668.2M	666.5M	701.2M	806.4M	738.3M
Net Invested Capital	5.8B	8.0B	9.6B	14.0B	15.2B	9.2B
Short Long Term Debt	114.7M	797.5M	1.1B	2.0B	2.5B	2.7B
Net Working Capital	3.6B	2.1B	2.0B	8.1B	5.0B	3.8B
Capital Stock	655.7M	668.0M	666.5M	701.2M	806.4M	742.2M

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Balance Sheet is a snapshot of the financial position of Guangzhou Shiyuan at a specified time, usually calculated after every quarter, six months, or one year. Guangzhou Shiyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangzhou Shiyuan 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 Guangzhou currently owns. An asset can also be divided into two categories, current and non-current.

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Guangzhou Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

Guangzhou Shiyuan fundamental ratios Correlations

Guangzhou Shiyuan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangzhou Shiyuan fundamental ratios Accounts

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Other Information on Investing in Guangzhou Stock

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Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities

Other Current Assets	- 0.49	Other Current Liab
Net Receivables	- 0.41	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.24	Other Current Liab
Non Current Liabilities Other	- 0.21	Net Receivables
Common Stock Shares Outstanding	- 0.19	Other Stockholder Equity
Other Stockholder Equity	- 0.17	Other Current Assets