Guangdong Operating Income vs Income Before Tax Analysis

003037 Stock

6.05 0.05 0.82%

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

Operating Income vs Income Before Tax Correlation Analysis

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

The correlation between Guangdong Sanhe's Operating Income and Income Before Tax is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Guangdong Sanhe Pile, assuming nothing else is changed. The correlation between historical values of Guangdong Sanhe's Operating 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 Operating Income of Guangdong Sanhe Pile 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 Operating Income i.e., Guangdong Sanhe's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Guangdong Sanhe Pile 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 Guangdong Sanhe Pile 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Guangdong Sanhe income statement and is an important metric when analyzing Guangdong Sanhe Pile 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 Guangdong Sanhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Sanhe Pile 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 Guangdong Sanhe Pile. 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 50.2 M, whereas Selling General Administrative is forecasted to decline to about 109.9 M.

	2022	2023	2024	2025 (projected)
Gross Profit	773.2M	657.2M	591.5M	741.4M
Total Revenue	6.6B	6.7B	7.7B	6.6B

Gross Profit Total Revenue

Guangdong Sanhe 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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.82	0.26	0.97	0.89	0.97	0.27	0.96	0.69	0.95	0.98	-0.7	0.91	0.97	0.31	0.91	0.85	-0.73	0.96	0.99	0.99	0.53	0.96	0.97	0.62	0.97
Short Long Term Debt Total	0.82		0.12	0.84	0.87	0.88	0.63	0.75	0.54	0.7	0.88	-0.47	0.68	0.81	0.55	0.95	0.67	-0.66	0.75	0.86	0.76	0.7	0.74	0.81	0.65	0.88
Other Current Liab	0.26	0.12		0.4	0.3	0.11	-0.61	0.47	0.49	0.5	0.14	-0.25	0.57	0.17	-0.32	0.2	0.53	-0.65	0.35	0.28	0.34	-0.27	0.31	0.32	0.18	0.31
Total Current Liabilities	0.97	0.84	0.4		0.88	0.94	0.23	0.97	0.75	0.93	0.95	-0.71	0.93	0.92	0.23	0.91	0.89	-0.82	0.94	0.99	0.96	0.5	0.92	0.96	0.64	0.97
Total Stockholder Equity	0.89	0.87	0.3	0.88		0.83	0.33	0.84	0.7	0.85	0.85	-0.76	0.78	0.9	0.53	0.96	0.77	-0.69	0.8	0.87	0.89	0.37	0.87	0.88	0.77	0.85
Property Plant And Equipment Net	0.97	0.88	0.11	0.94	0.83		0.45	0.9	0.64	0.85	1.0	-0.62	0.83	0.93	0.32	0.92	0.8	-0.68	0.93	0.98	0.93	0.66	0.89	0.94	0.56	0.97
Net Debt	0.27	0.63	-0.61	0.23	0.33	0.45		0.06	-0.07	-0.01	0.44	0.01	-0.08	0.36	0.71	0.47	-0.02	-0.02	0.14	0.31	0.16	0.77	0.22	0.22	0.34	0.31
Retained Earnings	0.96	0.75	0.47	0.97	0.84	0.9	0.06		0.74	0.97	0.91	-0.7	0.98	0.87	0.11	0.86	0.89	-0.8	0.96	0.96	0.96	0.39	0.89	0.94	0.51	0.95
Accounts Payable	0.69	0.54	0.49	0.75	0.7	0.64	-0.07	0.74		0.69	0.62	-0.78	0.71	0.62	-0.08	0.71	0.91	-0.62	0.78	0.72	0.72	-0.05	0.63	0.78	0.5	0.69
Cash	0.95	0.7	0.5	0.93	0.85	0.85	-0.01	0.97	0.69		0.87	-0.69	0.97	0.9	0.19	0.82	0.85	-0.77	0.93	0.92	0.97	0.34	0.92	0.93	0.58	0.91
Non Current Assets Total	0.98	0.88	0.14	0.95	0.85	1.0	0.44	0.91	0.62	0.87		-0.6	0.84	0.95	0.35	0.92	0.8	-0.7	0.93	0.98	0.94	0.68	0.91	0.95	0.58	0.98
Non Currrent Assets Other	-0.7	-0.47	-0.25	-0.71	-0.76	-0.62	0.01	-0.7	-0.78	-0.69	-0.6		-0.64	-0.69	-0.11	-0.7	-0.75	0.53	-0.68	-0.68	-0.75	0.09	-0.71	-0.71	-0.52	-0.59
Cash And Short Term Investments	0.91	0.68	0.57	0.93	0.78	0.83	-0.08	0.98	0.71	0.97	0.84	-0.64		0.81	0.01	0.78	0.88	-0.8	0.93	0.91	0.93	0.32	0.84	0.91	0.47	0.91
Common Stock Shares Outstanding	0.97	0.81	0.17	0.92	0.9	0.93	0.36	0.87	0.62	0.9	0.95	-0.69	0.81		0.46	0.88	0.76	-0.67	0.89	0.94	0.96	0.56	0.98	0.95	0.72	0.91
Short Term Investments	0.31	0.55	-0.32	0.23	0.53	0.32	0.71	0.11	-0.08	0.19	0.35	-0.11	0.01	0.46		0.46	-0.08	0.02	0.07	0.26	0.28	0.5	0.36	0.24	0.64	0.27
Non Current Liabilities Total	0.91	0.95	0.2	0.91	0.96	0.92	0.47	0.86	0.71	0.82	0.92	-0.7	0.78	0.88	0.46		0.8	-0.69	0.85	0.92	0.88	0.52	0.83	0.9	0.68	0.92
Inventory	0.85	0.67	0.53	0.89	0.77	0.8	-0.02	0.89	0.91	0.85	0.8	-0.75	0.88	0.76	-0.08	0.8		-0.84	0.94	0.87	0.86	0.2	0.8	0.91	0.45	0.85
Other Current Assets	-0.73	-0.66	-0.65	-0.82	-0.69	-0.68	-0.02	-0.8	-0.62	-0.77	-0.7	0.53	-0.8	-0.67	0.02	-0.69	-0.84		-0.78	-0.77	-0.74	-0.34	-0.76	-0.75	-0.39	-0.76
Other Stockholder Equity	0.96	0.75	0.35	0.94	0.8	0.93	0.14	0.96	0.78	0.93	0.93	-0.68	0.93	0.89	0.07	0.85	0.94	-0.78		0.96	0.95	0.44	0.89	0.97	0.47	0.95
Total Liab	0.99	0.86	0.28	0.99	0.87	0.98	0.31	0.96	0.72	0.92	0.98	-0.68	0.91	0.94	0.26	0.92	0.87	-0.77	0.96		0.96	0.56	0.92	0.97	0.59	0.99
Total Current Assets	0.99	0.76	0.34	0.96	0.89	0.93	0.16	0.96	0.72	0.97	0.94	-0.75	0.93	0.96	0.28	0.88	0.86	-0.74	0.95	0.96		0.43	0.97	0.97	0.63	0.94
Short Term Debt	0.53	0.7	-0.27	0.5	0.37	0.66	0.77	0.39	-0.05	0.34	0.68	0.09	0.32	0.56	0.5	0.52	0.2	-0.34	0.44	0.56	0.43		0.47	0.47	0.33	0.6
Intangible Assets	0.96	0.74	0.31	0.92	0.87	0.89	0.22	0.89	0.63	0.92	0.91	-0.71	0.84	0.98	0.36	0.83	0.8	-0.76	0.89	0.92	0.97	0.47		0.92	0.65	0.88
Common Stock	0.97	0.81	0.32	0.96	0.88	0.94	0.22	0.94	0.78	0.93	0.95	-0.71	0.91	0.95	0.24	0.9	0.91	-0.75	0.97	0.97	0.97	0.47	0.92		0.66	0.95
Other Liab	0.62	0.65	0.18	0.64	0.77	0.56	0.34	0.51	0.5	0.58	0.58	-0.52	0.47	0.72	0.64	0.68	0.45	-0.39	0.47	0.59	0.63	0.33	0.65	0.66		0.56
Net Tangible Assets	0.97	0.88	0.31	0.97	0.85	0.97	0.31	0.95	0.69	0.91	0.98	-0.59	0.91	0.91	0.27	0.92	0.85	-0.76	0.95	0.99	0.94	0.6	0.88	0.95	0.56

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Guangdong Sanhe Account Relationship Matchups

Guangdong Sanhe fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	4.2B	5.1B	5.7B	6.6B	7.6B	4.7B
Short Long Term Debt Total	324.5M	519.9M	677.2M	1.4B	1.6B	1.6B
Other Current Liab	1.2B	900.1M	590.6M	565.7M	650.6M	810.7M
Total Current Liabilities	2.7B	2.8B	3.1B	3.0B	3.4B	2.8B
Total Stockholder Equity	1.3B	1.7B	1.8B	2.8B	3.2B	3.4B
Property Plant And Equipment Net	1.1B	1.8B	2.2B	2.2B	2.5B	1.5B
Net Debt	(106.9M)	(545.5M)	209.0M	472.0M	542.8M	569.9M
Retained Earnings	467.6M	460.3M	569.3M	576.2M	662.6M	350.2M
Accounts Payable	965.8M	1.1B	1.1B	979.1M	1.1B	1.1B
Cash	1.2B	1.1B	1.0B	1.5B	1.7B	970.2M
Non Current Assets Total	1.6B	2.3B	2.6B	2.7B	3.2B	2.0B
Non Currrent Assets Other	144.1M	206.2M	47.3M	50.7M	45.7M	43.4M
Cash And Short Term Investments	834.5M	638.1M	1.2B	1.2B	1.4B	879.4M
Common Stock Shares Outstanding	435.0M	489.3M	502.2M	599.1M	688.9M	502.7M
Short Term Investments	22.4M	41.9M	8.9M	122.9M	141.3M	148.4M
Liabilities And Stockholders Equity	3.2B	3.4B	4.2B	5.1B	5.9B	4.0B
Non Current Liabilities Total	144.1M	585.7M	787.9M	819.6M	942.6M	989.7M
Inventory	354.8M	480.8M	483.0M	407.9M	469.1M	409.8M
Other Current Assets	13.2M	43.4M	100.7M	162.8M	146.5M	139.2M
Other Stockholder Equity	381.6M	401.7M	410.2M	732.1M	841.9M	426.8M
Total Liab	2.9B	3.4B	3.9B	3.8B	4.4B	3.2B
Total Current Assets	2.6B	2.8B	3.1B	3.9B	4.4B	2.7B
Short Term Debt	324.5M	519.9M	571.6M	810.0M	931.5M	627.9M
Intangible Assets	305.5M	310.2M	315.5M	466.3M	536.3M	315.0M
Net Receivables	213.9M	392.7M	687.3M	819.3M	942.2M	536.8M
Net Invested Capital	2.0B	2.9B	3.3B	4.2B	4.9B	3.1B
Short Long Term Debt	571.6M	791.6M	887.1M	773.1M	889.1M	779.5M
Non Current Liabilities Other	150K	2.1M	2.5M	252.3K	290.2K	275.7K
Net Working Capital	(110.0M)	(24.7M)	(43.7M)	884.0M	1.0B	1.1B

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Other Information on Investing in Guangdong Stock

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

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Guangdong Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Guangdong Sanhe fundamental ratios Correlations

Guangdong Sanhe Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangdong Sanhe fundamental ratios Accounts

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Other Information on Investing in Guangdong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Liab
Non Current Assets Total	+ 0.98	Total Assets

Other Current Assets	- 0.84	Inventory
Other Current Assets	- 0.82	Total Current Liabilities
Other Current Assets	- 0.8	Cash And Short Term Investments
Other Current Assets	- 0.8	Retained Earnings
Other Stockholder Equity	- 0.78	Other Current Assets
Non Currrent Assets Other	- 0.78	Accounts Payable