Wangsu Income Before Tax vs Gross Profit Analysis

300017 Stock

9.40 0.15 1.57%

Wangsu Science financial indicator trend analysis is more than just analyzing Wangsu Science Tech current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wangsu Science Tech is a good investment. Please check the relationship between Wangsu Science Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wangsu Science Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wangsu Science Tech Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Wangsu Science's Income Before Tax and Gross Profit is 0.69. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Wangsu Science Tech, assuming nothing else is changed. The correlation between historical values of Wangsu Science's Income Before Tax 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 Income Before Tax of Wangsu Science Tech 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 Income Before Tax i.e., Wangsu Science's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Wangsu Science Tech minus its cost of goods sold. It is profit before Wangsu Science 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 Wangsu Science's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wangsu Science Tech 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 Wangsu Science Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Selling General Administrative is expected to grow to about 287.2 M. The current year's Tax Provision is expected to grow to about 47.2 M

	2021	2022	2023	2024 (projected)
Income Before Tax	137.7M	194.1M	651.4M	382.9M
Cost Of Revenue	3.4B	3.8B	3.2B	2.1B

Income Before Tax Cost Of Revenue

Wangsu Science 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	Common Stock	Property Plant Equipment	Long Term Debt	Intangible Assets	Other Liab	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.4	0.92	0.93	0.93	0.96	0.76	0.64	0.95	0.12	0.47	0.88	0.88	0.9	0.52	0.63	0.52	0.93	0.66	-0.61	0.88	0.91	0.87	0.81	0.57	-0.01
Other Current Liab	0.4		0.48	0.25	0.25	0.35	0.56	0.46	0.5	0.65	0.12	0.51	0.08	0.36	0.32	0.55	0.68	0.17	0.11	0.29	0.04	0.07	0.3	0.08	-0.21	0.33
Total Current Liabilities	0.92	0.48		0.81	0.83	0.95	0.7	0.63	0.95	0.04	0.67	0.99	0.8	0.97	0.66	0.83	0.7	0.75	0.44	-0.43	0.77	0.83	0.73	0.82	0.32	0.31
Total Stockholder Equity	0.93	0.25	0.81		0.99	0.87	0.7	0.57	0.86	0.09	0.37	0.77	0.96	0.79	0.42	0.46	0.37	0.97	0.74	-0.74	0.9	0.87	0.92	0.83	0.65	-0.2
Retained Earnings	0.93	0.25	0.83	0.99		0.89	0.63	0.53	0.88	0.01	0.39	0.78	0.97	0.8	0.43	0.48	0.38	0.95	0.75	-0.75	0.92	0.89	0.9	0.83	0.63	-0.2
Accounts Payable	0.96	0.35	0.95	0.87	0.89		0.66	0.56	0.98	-0.04	0.56	0.92	0.87	0.93	0.56	0.73	0.6	0.84	0.57	-0.54	0.87	0.91	0.78	0.83	0.46	0.13
Cash	0.76	0.56	0.7	0.7	0.63	0.66		0.66	0.68	0.59	0.36	0.71	0.53	0.67	0.49	0.54	0.65	0.65	0.31	-0.21	0.47	0.5	0.68	0.53	0.34	0.18
Other Assets	0.64	0.46	0.63	0.57	0.53	0.56	0.66		0.57	0.17	0.01	0.61	0.55	0.61	0.13	0.64	0.54	0.52	0.09	-0.16	0.31	0.6	0.43	0.62	0.43	0.05
Net Receivables	0.95	0.5	0.95	0.86	0.88	0.98	0.68	0.57		0.06	0.54	0.93	0.83	0.92	0.57	0.77	0.66	0.82	0.57	-0.45	0.83	0.85	0.78	0.8	0.4	0.16
Inventory	0.12	0.65	0.04	0.09	0.01	-0.04	0.59	0.17	0.06		-0.1	0.08	-0.18	-0.06	0.05	-0.02	0.31	0.08	0.14	0.27	-0.16	-0.28	0.3	-0.28	-0.22	0.08
Other Current Assets	0.47	0.12	0.67	0.37	0.39	0.56	0.36	0.01	0.54	-0.1		0.7	0.38	0.71	0.81	0.58	0.46	0.3	0.11	-0.21	0.53	0.41	0.35	0.52	-0.05	0.62
Total Liab	0.88	0.51	0.99	0.77	0.78	0.92	0.71	0.61	0.93	0.08	0.7		0.75	0.97	0.69	0.86	0.77	0.69	0.37	-0.34	0.72	0.77	0.69	0.79	0.25	0.4
Common Stock	0.88	0.08	0.8	0.96	0.97	0.87	0.53	0.55	0.83	-0.18	0.38	0.75		0.8	0.4	0.48	0.32	0.92	0.65	-0.79	0.91	0.94	0.81	0.91	0.71	-0.21
Property Plant Equipment	0.9	0.36	0.97	0.79	0.8	0.93	0.67	0.61	0.92	-0.06	0.71	0.97	0.8		0.68	0.85	0.68	0.74	0.36	-0.4	0.8	0.86	0.66	0.89	0.41	0.36
Long Term Debt	0.52	0.32	0.66	0.42	0.43	0.56	0.49	0.13	0.57	0.05	0.81	0.69	0.4	0.68		0.58	0.53	0.33	0.13	-0.15	0.48	0.39	0.34	0.5	0.04	0.51
Intangible Assets	0.63	0.55	0.83	0.46	0.48	0.73	0.54	0.64	0.77	-0.02	0.58	0.86	0.48	0.85	0.58		0.85	0.37	-0.02	0.08	0.41	0.57	0.34	0.68	0.05	0.65
Other Liab	0.52	0.68	0.7	0.37	0.38	0.6	0.65	0.54	0.66	0.31	0.46	0.77	0.32	0.68	0.53	0.85		0.25	-0.08	0.26	0.22	0.32	0.29	0.44	-0.08	0.68
Net Tangible Assets	0.93	0.17	0.75	0.97	0.95	0.84	0.65	0.52	0.82	0.08	0.3	0.69	0.92	0.74	0.33	0.37	0.25		0.81	-0.78	0.93	0.89	0.93	0.78	0.71	-0.29
Short Term Investments	0.66	0.11	0.44	0.74	0.75	0.57	0.31	0.09	0.57	0.14	0.11	0.37	0.65	0.36	0.13	-0.02	-0.08	0.81		-0.77	0.76	0.58	0.87	0.35	0.39	-0.5
Other Stockholder Equity	-0.61	0.29	-0.43	-0.74	-0.75	-0.54	-0.21	-0.16	-0.45	0.27	-0.21	-0.34	-0.79	-0.4	-0.15	0.08	0.26	-0.78	-0.77		-0.81	-0.72	-0.7	-0.57	-0.67	0.59
Deferred Long Term Liab	0.88	0.04	0.77	0.9	0.92	0.87	0.47	0.31	0.83	-0.16	0.53	0.72	0.91	0.8	0.48	0.41	0.22	0.93	0.76	-0.81		0.91	0.83	0.82	0.64	-0.16
Long Term Investments	0.91	0.07	0.83	0.87	0.89	0.91	0.5	0.6	0.85	-0.28	0.41	0.77	0.94	0.86	0.39	0.57	0.32	0.89	0.58	-0.72	0.91		0.73	0.91	0.71	-0.11
Total Current Assets	0.87	0.3	0.73	0.92	0.9	0.78	0.68	0.43	0.78	0.3	0.35	0.69	0.81	0.66	0.34	0.34	0.29	0.93	0.87	-0.7	0.83	0.73		0.61	0.43	-0.2
Non Current Assets Total	0.81	0.08	0.82	0.83	0.83	0.83	0.53	0.62	0.8	-0.28	0.52	0.79	0.91	0.89	0.5	0.68	0.44	0.78	0.35	-0.57	0.82	0.91	0.61		0.68	0.08
Non Currrent Assets Other	0.57	-0.21	0.32	0.65	0.63	0.46	0.34	0.43	0.4	-0.22	-0.05	0.25	0.71	0.41	0.04	0.05	-0.08	0.71	0.39	-0.67	0.64	0.71	0.43	0.68		-0.53
Non Current Liabilities Total	-0.01	0.33	0.31	-0.2	-0.2	0.13	0.18	0.05	0.16	0.08	0.62	0.4	-0.21	0.36	0.51	0.65	0.68	-0.29	-0.5	0.59	-0.16	-0.11	-0.2	0.08	-0.53

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Wangsu Science Account Relationship Matchups

Wangsu Science fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.3B	10.2B	10.6B	10.5B	11.0B	5.7B
Other Current Liab	164.8M	349.2M	196.1M	6.0M	16.5M	15.7M
Total Current Liabilities	1.4B	1.4B	1.6B	1.3B	1.1B	849.9M
Total Stockholder Equity	8.6B	8.7B	8.8B	9.0B	9.6B	10.1B
Retained Earnings	4.1B	4.2B	4.4B	3.9B	4.3B	4.5B
Accounts Payable	879.5M	708.0M	705.5M	748.3M	568.0M	386.5M
Cash	1.6B	1.2B	1.0B	2.5B	1.8B	1.3B
Other Assets	272.5M	354.9M	383.5M	401.8M	462.1M	251.9M
Net Receivables	1.7B	1.7B	1.4B	1.2B	1.1B	811.7M
Inventory	10.3M	6.1M	12.2M	30.5M	13.5M	12.8M
Other Current Assets	213.4M	136.3M	340.5M	462.9M	285.0M	250.3M
Total Liab	1.7B	1.5B	1.7B	1.4B	1.2B	990.7M
Common Stock	2.4B	2.4B	2.5B	2.4B	2.8B	3.0B
Property Plant Equipment	3.3B	1.8B	1.6B	1.5B	1.7B	907.4M
Intangible Assets	468.8M	323.0M	164.2M	80.5M	45.0M	42.7M
Other Liab	413.9M	309.7M	66.1M	45.5M	52.3M	49.7M
Net Tangible Assets	7.3B	8.2B	8.4B	8.7B	10.0B	7.6B
Short Term Investments	2.4B	2.6B	3.6B	2.2B	2.5B	2.3B
Other Stockholder Equity	(60.4M)	(33.5M)	(132.4M)	(210.3M)	(189.2M)	(179.8M)
Deferred Long Term Liab	59.7M	48.1M	54.2M	51.4M	59.2M	41.9M
Total Current Assets	6.0B	5.7B	7.4B	6.5B	5.7B	6.3B
Non Current Assets Total	4.3B	4.5B	3.2B	4.0B	5.2B	4.7B
Non Currrent Assets Other	1.1B	1.7B	576.2M	1.7B	2.6B	1.4B
Non Current Liabilities Total	309.7M	66.1M	107.5M	82.8M	79.2M	75.3M
Common Stock Shares Outstanding	2.4B	2.5B	2.4B	2.4B	2.4B	2.7B
Net Invested Capital	8.8B	8.8B	9.3B	9.2B	9.7B	10.1B
Short Long Term Debt	135.7M	145.3M	503.9M	144.8M	80.1M	76.1M
Net Working Capital	4.6B	4.3B	5.8B	5.1B	4.6B	4.8B
Capital Stock	2.4B	2.5B	2.4B	2.4B	2.4B	2.7B

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

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Wangsu Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

Wangsu Science fundamental ratios Correlations

Wangsu Science Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wangsu Science fundamental ratios Accounts

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Other Information on Investing in Wangsu Stock

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Net Receivables	+ 0.98	Accounts Payable
Property Plant Equipment	+ 0.97	Total Current Liabilities
Net Tangible Assets	+ 0.97	Total Stockholder Equity
Common Stock	+ 0.97	Retained Earnings

Deferred Long Term Liab	- 0.81	Other Stockholder Equity
Other Stockholder Equity	- 0.79	Common Stock
Other Stockholder Equity	- 0.78	Net Tangible Assets
Other Stockholder Equity	- 0.77	Short Term Investments
Other Stockholder Equity	- 0.75	Retained Earnings
Other Stockholder Equity	- 0.74	Total Stockholder Equity