Hainan Net Income vs Income Before Tax Analysis

002865 Stock

72.00 2.78 4.02%

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

Net Income vs Income Before Tax Correlation Analysis

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

The correlation between Hainan Drinda's Net Income and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Hainan Drinda Automotive, assuming nothing else is changed. The correlation between historical values of Hainan Drinda's Net Income 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 Net Income of Hainan Drinda Automotive 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 Net Income i.e., Hainan Drinda's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.98

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 Hainan Drinda Automotive financial statement analysis. It represents the amount of money remaining after all of Hainan Drinda Automotive operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Hainan Drinda income statement and is an important metric when analyzing Hainan Drinda Automotive 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 Hainan Drinda's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Drinda Automotive 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 Hainan Drinda Automotive. 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 220.8 M, whereas Tax Provision is projected to grow to (67.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	342.7M	1.3B	2.8B	2.9B
Total Revenue	2.9B	11.6B	18.7B	19.6B

Gross Profit Total Revenue

Hainan Drinda fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab
Total Assets		0.23	0.99	0.95	-0.71	0.96	0.99	0.99	1.0	0.94	0.7	0.96	-0.25	1.0	0.77	1.0	1.0	-0.61	0.69	1.0	0.5	0.44	0.65	0.75	0.96	0.96
Other Current Liab	0.23		0.36	-0.06	-0.55	0.11	0.12	0.2	0.26	0.22	0.53	0.37	0.75	0.27	0.15	0.22	0.31	-0.18	0.72	0.18	0.41	0.23	0.45	0.41	0.48	0.42
Total Current Liabilities	0.99	0.36		0.9	-0.79	0.93	0.97	0.97	0.99	0.92	0.72	0.95	-0.16	0.99	0.77	0.99	1.0	-0.62	0.75	0.98	0.49	0.42	0.69	0.74	0.99	0.97
Total Stockholder Equity	0.95	-0.06	0.9		-0.52	0.96	0.97	0.96	0.94	0.91	0.59	0.88	-0.47	0.94	0.73	0.95	0.93	-0.53	0.49	0.96	0.44	0.41	0.55	0.68	0.84	0.86
Net Tangible Assets	-0.71	-0.55	-0.79	-0.52		-0.53	-0.71	-0.64	-0.73	-0.6	-0.54	-0.62	0.04	-0.69	-0.63	-0.74	-0.74	0.46	-0.65	-0.65	-0.23	-0.25	-0.7	-0.42	-0.8	-0.71
Retained Earnings	0.96	0.11	0.93	0.96	-0.53		0.95	0.99	0.95	0.88	0.58	0.96	-0.23	0.98	0.69	0.94	0.96	-0.69	0.66	0.98	0.43	0.4	0.46	0.68	0.89	0.94
Accounts Payable	0.99	0.12	0.97	0.97	-0.71	0.95		0.97	0.98	0.91	0.61	0.91	-0.36	0.97	0.79	0.99	0.98	-0.62	0.61	0.99	0.39	0.35	0.61	0.67	0.92	0.92
Cash	0.99	0.2	0.97	0.96	-0.64	0.99	0.97		0.98	0.91	0.64	0.97	-0.21	1.0	0.73	0.98	0.99	-0.67	0.7	1.0	0.47	0.43	0.56	0.72	0.94	0.97
Non Current Assets Total	1.0	0.26	0.99	0.94	-0.73	0.95	0.98	0.98		0.94	0.72	0.95	-0.24	0.99	0.77	1.0	1.0	-0.58	0.7	0.99	0.52	0.45	0.69	0.76	0.97	0.96
Non Currrent Assets Other	0.94	0.22	0.92	0.91	-0.6	0.88	0.91	0.91	0.94		0.82	0.89	-0.26	0.92	0.75	0.94	0.92	-0.37	0.64	0.92	0.69	0.57	0.74	0.86	0.9	0.87
Other Assets	0.7	0.53	0.72	0.59	-0.54	0.58	0.61	0.64	0.72	0.82		0.7	0.01	0.69	0.63	0.71	0.7	-0.02	0.69	0.65	0.93	0.7	0.91	0.94	0.77	0.69
Long Term Debt	0.96	0.37	0.95	0.88	-0.62	0.96	0.91	0.97	0.95	0.89	0.7		0.0	0.98	0.66	0.94	0.97	-0.67	0.82	0.96	0.55	0.48	0.56	0.76	0.96	0.99
Net Receivables	-0.25	0.75	-0.16	-0.47	0.04	-0.23	-0.36	-0.21	-0.24	-0.26	0.01	0.0		-0.18	-0.29	-0.29	-0.17	-0.16	0.45	-0.25	0.06	-0.06	-0.21	-0.03	-0.03	0.01
Non Current Liabilities Total	1.0	0.27	0.99	0.94	-0.69	0.98	0.97	1.0	0.99	0.92	0.69	0.98	-0.18		0.74	0.99	1.0	-0.65	0.73	1.0	0.5	0.44	0.61	0.74	0.97	0.98
Inventory	0.77	0.15	0.77	0.73	-0.63	0.69	0.79	0.73	0.77	0.75	0.63	0.66	-0.29	0.74		0.78	0.76	-0.45	0.58	0.75	0.41	0.24	0.68	0.72	0.73	0.7
Other Current Assets	1.0	0.22	0.99	0.95	-0.74	0.94	0.99	0.98	1.0	0.94	0.71	0.94	-0.29	0.99	0.78		0.99	-0.56	0.67	0.99	0.5	0.44	0.69	0.74	0.96	0.95
Total Liab	1.0	0.31	1.0	0.93	-0.74	0.96	0.98	0.99	1.0	0.92	0.7	0.97	-0.17	1.0	0.76	0.99		-0.63	0.74	0.99	0.5	0.43	0.65	0.74	0.98	0.98
Deferred Long Term Liab	-0.61	-0.18	-0.62	-0.53	0.46	-0.69	-0.62	-0.67	-0.58	-0.37	-0.02	-0.67	-0.16	-0.65	-0.45	-0.56	-0.63		-0.62	-0.65	0.18	0.08	0.08	-0.13	-0.58	-0.7
Short Long Term Debt	0.69	0.72	0.75	0.49	-0.65	0.66	0.61	0.7	0.7	0.64	0.69	0.82	0.45	0.73	0.58	0.67	0.74	-0.62		0.68	0.55	0.5	0.51	0.65	0.81	0.83
Total Current Assets	1.0	0.18	0.98	0.96	-0.65	0.98	0.99	1.0	0.99	0.92	0.65	0.96	-0.25	1.0	0.75	0.99	0.99	-0.65	0.68		0.46	0.41	0.58	0.72	0.94	0.96
Non Current Liabilities Other	0.5	0.41	0.49	0.44	-0.23	0.43	0.39	0.47	0.52	0.69	0.93	0.55	0.06	0.5	0.41	0.5	0.5	0.18	0.55	0.46		0.82	0.76	0.88	0.56	0.49
Short Term Debt	0.44	0.23	0.42	0.41	-0.25	0.4	0.35	0.43	0.45	0.57	0.7	0.48	-0.06	0.44	0.24	0.44	0.43	0.08	0.5	0.41	0.82		0.57	0.57	0.45	0.42
Intangible Assets	0.65	0.45	0.69	0.55	-0.7	0.46	0.61	0.56	0.69	0.74	0.91	0.56	-0.21	0.61	0.68	0.69	0.65	0.08	0.51	0.58	0.76	0.57		0.82	0.72	0.58
Common Stock	0.75	0.41	0.74	0.68	-0.42	0.68	0.67	0.72	0.76	0.86	0.94	0.76	-0.03	0.74	0.72	0.74	0.74	-0.13	0.65	0.72	0.88	0.57	0.82		0.78	0.73
Property Plant Equipment	0.96	0.48	0.99	0.84	-0.8	0.89	0.92	0.94	0.97	0.9	0.77	0.96	-0.03	0.97	0.73	0.96	0.98	-0.58	0.81	0.94	0.56	0.45	0.72	0.78		0.98
Other Liab	0.96	0.42	0.97	0.86	-0.71	0.94	0.92	0.97	0.96	0.87	0.69	0.99	0.01	0.98	0.7	0.95	0.98	-0.7	0.83	0.96	0.49	0.42	0.58	0.73	0.98

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Hainan Drinda Account Relationship Matchups

Hainan Drinda fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	1.9B	6.0B	9.5B	18.4B	19.3B
Other Current Liab	38.5M	60.3M	980.1M	2.2B	60.8M	57.7M
Total Current Liabilities	610.6M	579.3M	3.0B	4.4B	6.5B	6.8B
Total Stockholder Equity	919.8M	1.0B	1.0B	1.1B	4.7B	4.9B
Net Tangible Assets	809.0M	906.9M	(161.2M)	31.1M	28.0M	26.6M
Retained Earnings	376.6M	378.1M	192.8M	813.0M	1.5B	1.5B
Accounts Payable	361.5M	369.3M	1.4B	1.5B	3.9B	4.1B
Cash	240.6M	333.0M	491.5M	1.9B	3.6B	3.8B
Non Current Assets Total	978.8M	999.9M	4.3B	5.9B	11.4B	12.0B
Non Currrent Assets Other	79.5M	38.6M	109.0M	98.8M	191.5M	201.1M
Other Assets	357.2M	331.9M	470.9M	441.6M	507.8M	348.4M
Long Term Debt	308.0M	213.8M	192.3M	1.7B	2.0B	2.1B
Net Receivables	349.0M	214.5M	166.5M	1.1B	10.0M	9.5M
Non Current Liabilities Total	310.6M	230.4M	1.4B	4.1B	7.2B	7.6B
Inventory	214.3M	189.0M	437.7M	338.9M	727.3M	390.7M
Other Current Assets	58.3M	43.6M	235.5M	268.1M	586.7M	616.0M
Total Liab	921.2M	809.7M	4.4B	8.4B	13.7B	14.4B
Deferred Long Term Liab	248.1M	266.1M	283.4M	3.3M	3.8M	3.6M
Short Long Term Debt	148.6M	50M	176.8M	589.1M	450.1M	245.0M
Total Current Assets	862.2M	857.7M	1.7B	3.6B	7.0B	7.4B
Intangible Assets	110.8M	141.0M	299.7M	159.3M	239.1M	163.0M
Common Stock	120.9M	128.8M	137.3M	141.5M	162.8M	135.2M
Property Plant Equipment	467.0M	471.0M	2.7B	4.5B	5.1B	5.4B
Other Liab	2.6M	2.9M	436.3M	2.4B	2.8B	2.9B
Common Stock Shares Outstanding	120.9M	128.8M	137.3M	141.5M	227.4M	156.8M
Net Invested Capital	1.4B	1.3B	1.4B	3.3B	7.2B	7.5B
Net Working Capital	251.6M	278.4M	(1.3B)	(818.1M)	539.7M	566.7M
Capital Stock	120.9M	128.8M	137.3M	141.5M	227.4M	160.9M

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Other Information on Investing in Hainan Stock

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

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Hainan Net Income vs Income Before Tax Analysis

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Net Income

Income Before Tax

Hainan Drinda fundamental ratios Correlations

Hainan Drinda Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hainan Drinda fundamental ratios Accounts

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Other Information on Investing in Hainan Stock

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities

Property Plant Equipment	- 0.8	Net Tangible Assets
Net Tangible Assets	- 0.79	Total Current Liabilities
Total Liab	- 0.74	Net Tangible Assets
Other Current Assets	- 0.74	Net Tangible Assets
Non Current Assets Total	- 0.73	Net Tangible Assets
Other Liab	- 0.71	Net Tangible Assets