Zhejiang Operating Income vs Total Revenue Analysis

003026 Stock

30.27 0.87 2.79%

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

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

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

The correlation between Zhejiang Mtcn's Operating Income and Total Revenue is 0.8. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Zhejiang Mtcn Technology, assuming nothing else is changed. The correlation between historical values of Zhejiang Mtcn's Operating Income 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 Operating Income of Zhejiang Mtcn Technology 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 Operating Income i.e., Zhejiang Mtcn's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

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Operating Income

Operating Income is the amount of profit realized from Zhejiang Mtcn Technology operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Zhejiang Mtcn Technology is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Revenue

Total revenue comprises all receipts Zhejiang Mtcn Technology 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 Zhejiang Mtcn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Mtcn Technology 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 Mtcn Technology. 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 9.9 M, whereas Tax Provision is projected to grow to (14.8 M).

	2022	2024	2025 (projected)
Interest Expense	7.5M	12.6M	13.2M
Depreciation And Amortization	42.9M	49.3M	51.8M

Interest Expense Depreciation And Amortization

Zhejiang Mtcn fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Good Will	Non Current Liabilities Total	Other Liab	Net Tangible Assets
Total Assets		0.95	0.32	0.97	0.88	0.96	-0.66	0.81	0.95	0.93	0.97	0.4	0.96	0.86	0.87	-0.37	0.98	0.96	0.88	0.62	0.95	0.88	-0.61	0.87	0.87	0.93
Short Long Term Debt Total	0.95		0.17	0.91	0.77	0.98	-0.46	0.69	0.85	0.81	0.97	0.15	0.87	0.85	0.81	-0.31	0.9	0.97	0.76	0.51	0.93	0.8	-0.67	0.95	0.83	0.82
Other Current Liab	0.32	0.17		0.33	0.52	0.12	-0.51	0.6	0.51	0.48	0.14	0.65	0.36	0.15	0.59	-0.23	0.36	0.19	0.59	0.49	0.14	0.39	0.27	-0.01	0.23	0.4
Total Current Liabilities	0.97	0.91	0.33		0.81	0.94	-0.54	0.74	0.98	0.86	0.95	0.53	0.89	0.85	0.88	-0.3	0.91	0.97	0.83	0.53	0.9	0.82	-0.58	0.85	0.91	0.87
Total Stockholder Equity	0.88	0.77	0.52	0.81		0.74	-0.82	0.96	0.85	0.92	0.76	0.51	0.9	0.85	0.9	-0.33	0.92	0.75	0.99	0.83	0.82	0.96	-0.23	0.6	0.75	0.94
Property Plant And Equipment Net	0.96	0.98	0.12	0.94	0.74		-0.46	0.63	0.88	0.81	1.0	0.22	0.88	0.85	0.78	-0.38	0.89	0.99	0.73	0.42	0.93	0.76	-0.71	0.97	0.89	0.84
Net Debt	-0.66	-0.46	-0.51	-0.54	-0.82	-0.46		-0.81	-0.62	-0.87	-0.5	-0.5	-0.82	-0.47	-0.54	0.55	-0.78	-0.46	-0.81	-0.68	-0.57	-0.69	0.17	-0.31	-0.44	-0.83
Retained Earnings	0.81	0.69	0.6	0.74	0.96	0.63	-0.81		0.8	0.86	0.67	0.55	0.82	0.74	0.85	-0.3	0.86	0.65	0.95	0.92	0.78	0.9	-0.18	0.47	0.63	0.84
Accounts Payable	0.95	0.85	0.51	0.98	0.85	0.88	-0.62	0.8		0.89	0.9	0.63	0.89	0.8	0.92	-0.37	0.91	0.92	0.88	0.59	0.86	0.82	-0.47	0.77	0.88	0.88
Cash	0.93	0.81	0.48	0.86	0.92	0.81	-0.87	0.86	0.89		0.83	0.49	0.99	0.73	0.8	-0.48	0.97	0.82	0.93	0.65	0.83	0.85	-0.45	0.7	0.75	0.97
Non Current Assets Total	0.97	0.97	0.14	0.95	0.76	1.0	-0.5	0.67	0.9	0.83		0.27	0.9	0.86	0.79	-0.38	0.91	0.99	0.76	0.46	0.95	0.78	-0.7	0.95	0.89	0.86
Non Currrent Assets Other	0.4	0.15	0.65	0.53	0.51	0.22	-0.5	0.55	0.63	0.49	0.27		0.41	0.29	0.55	-0.18	0.41	0.31	0.58	0.46	0.28	0.4	0.08	0.02	0.44	0.45
Cash And Short Term Investments	0.96	0.87	0.36	0.89	0.9	0.88	-0.82	0.82	0.89	0.99	0.9	0.41		0.78	0.79	-0.49	0.99	0.88	0.9	0.61	0.88	0.85	-0.55	0.79	0.8	0.98
Common Stock Shares Outstanding	0.86	0.85	0.15	0.85	0.85	0.85	-0.47	0.74	0.8	0.73	0.86	0.29	0.78		0.86	-0.2	0.82	0.86	0.83	0.61	0.85	0.9	-0.35	0.79	0.91	0.84
Inventory	0.87	0.81	0.59	0.88	0.9	0.78	-0.54	0.85	0.92	0.8	0.79	0.55	0.79	0.86		-0.18	0.83	0.83	0.92	0.69	0.78	0.9	-0.22	0.67	0.83	0.83
Other Current Assets	-0.37	-0.31	-0.23	-0.3	-0.33	-0.38	0.55	-0.3	-0.37	-0.48	-0.38	-0.18	-0.49	-0.2	-0.18		-0.39	-0.33	-0.3	-0.12	-0.33	-0.15	0.24	-0.36	-0.4	-0.5
Other Stockholder Equity	0.98	0.9	0.36	0.91	0.92	0.89	-0.78	0.86	0.91	0.97	0.91	0.41	0.99	0.82	0.83	-0.39		0.9	0.92	0.68	0.92	0.9	-0.55	0.79	0.8	0.96
Total Liab	0.96	0.97	0.19	0.97	0.75	0.99	-0.46	0.65	0.92	0.82	0.99	0.31	0.88	0.86	0.83	-0.33	0.9		0.76	0.43	0.92	0.78	-0.67	0.95	0.91	0.85
Total Current Assets	0.88	0.76	0.59	0.83	0.99	0.73	-0.81	0.95	0.88	0.93	0.76	0.58	0.9	0.83	0.92	-0.3	0.92	0.76		0.81	0.79	0.95	-0.22	0.59	0.76	0.93
Short Term Debt	0.62	0.51	0.49	0.53	0.83	0.42	-0.68	0.92	0.59	0.65	0.46	0.46	0.61	0.61	0.69	-0.12	0.68	0.43	0.81		0.62	0.81	-0.07	0.25	0.41	0.62
Intangible Assets	0.95	0.93	0.14	0.9	0.82	0.93	-0.57	0.78	0.86	0.83	0.95	0.28	0.88	0.85	0.78	-0.33	0.92	0.92	0.79	0.62		0.82	-0.65	0.86	0.81	0.84
Common Stock	0.88	0.8	0.39	0.82	0.96	0.76	-0.69	0.9	0.82	0.85	0.78	0.4	0.85	0.9	0.9	-0.15	0.9	0.78	0.95	0.81	0.82		-0.29	0.64	0.76	0.89
Good Will	-0.61	-0.67	0.27	-0.58	-0.23	-0.71	0.17	-0.18	-0.47	-0.45	-0.7	0.08	-0.55	-0.35	-0.22	0.24	-0.55	-0.67	-0.22	-0.07	-0.65	-0.29		-0.72	-0.47	-0.42
Non Current Liabilities Total	0.87	0.95	-0.01	0.85	0.6	0.97	-0.31	0.47	0.77	0.7	0.95	0.02	0.79	0.79	0.67	-0.36	0.79	0.95	0.59	0.25	0.86	0.64	-0.72		0.83	0.74
Other Liab	0.87	0.83	0.23	0.91	0.75	0.89	-0.44	0.63	0.88	0.75	0.89	0.44	0.8	0.91	0.83	-0.4	0.8	0.91	0.76	0.41	0.81	0.76	-0.47	0.83		0.84
Net Tangible Assets	0.93	0.82	0.4	0.87	0.94	0.84	-0.83	0.84	0.88	0.97	0.86	0.45	0.98	0.84	0.83	-0.5	0.96	0.85	0.93	0.62	0.84	0.89	-0.42	0.74	0.84

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Zhejiang Mtcn Account Relationship Matchups

Zhejiang Mtcn fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	844.0M	1.2B	1.4B	1.4B	1.6B	1.7B
Other Current Liab	28.7M	44.3M	64.8M	1.6M	1.8M	1.7M
Total Current Liabilities	77.8M	337.4M	322.6M	299.2M	344.0M	361.2M
Total Stockholder Equity	747.4M	779.1M	741.7M	688.7M	792.0M	417.4M
Property Plant And Equipment Net	152.6M	338.0M	556.0M	659.9M	758.9M	796.8M
Net Debt	(18.4M)	(400.0M)	(291.2M)	(144.9M)	(130.4M)	(123.9M)
Retained Earnings	266.1M	291.5M	247.0M	190.4M	219.0M	139.0M
Accounts Payable	49.1M	194.5M	195.4M	135.4M	155.7M	163.4M
Cash	400.0M	392.3M	398.4M	311.2M	357.9M	375.8M
Non Current Assets Total	204.5M	483.3M	657.3M	791.0M	909.7M	955.1M
Non Currrent Assets Other	1.3M	75.6M	24.4M	3.6M	4.1M	3.9M
Cash And Short Term Investments	18.4M	400.0M	392.3M	398.4M	458.2M	481.1M
Common Stock Shares Outstanding	74.8M	99.5M	102.1M	130.8M	150.4M	85.6M
Liabilities And Stockholders Equity	438.1M	844.0M	1.2B	1.4B	1.6B	1.7B
Inventory	66.8M	146.6M	198.1M	130.7M	150.3M	84.0M
Other Current Assets	3.7M	7.8M	4.9M	3.7M	3.4M	3.2M
Other Stockholder Equity	94.5M	381.5M	387.8M	393.7M	452.7M	475.3M
Total Liab	96.7M	364.4M	541.6M	558.6M	642.4M	674.6M
Total Current Assets	639.5M	765.4M	746.0M	593.1M	682.1M	376.9M
Intangible Assets	39.7M	56.8M	53.5M	75.5M	86.8M	91.1M
Non Current Liabilities Total	18.9M	27.0M	219.0M	259.5M	298.4M	313.3M
Net Receivables	97.2M	124.1M	84.1M	88.7M	102.0M	103.9M
Net Invested Capital	747.4M	875.6M	982.5M	940.4M	1.1B	858.3M
Net Working Capital	561.7M	428.0M	423.4M	293.9M	338.0M	417.4M

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Other Information on Investing in Zhejiang Stock

Balance Sheet is a snapshot of the financial position of Zhejiang Mtcn Technology at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Mtcn Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Mtcn 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 Operating Income vs Total Revenue Analysis

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Total Revenue

Zhejiang Mtcn fundamental ratios Correlations

Zhejiang Mtcn Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Mtcn fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.99	Non Current Assets Total
Other Stockholder Equity	+ 0.99	Cash And Short Term Investments

Cash	- 0.87	Net Debt
Net Tangible Assets	- 0.83	Net Debt
Cash And Short Term Investments	- 0.82	Net Debt
Net Debt	- 0.82	Total Stockholder Equity
Total Current Assets	- 0.81	Net Debt
Retained Earnings	- 0.81	Net Debt