Wenzhou Income Before Tax vs Net Income Analysis

300283 Stock

6.72 0.07 1.03%

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

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wenzhou Hongfeng Ele Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Wenzhou Hongfeng's Income Before Tax and Net Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Wenzhou Hongfeng Electrical, assuming nothing else is changed. The correlation between historical values of Wenzhou Hongfeng's Income Before Tax and Net Income 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 Wenzhou Hongfeng Electrical are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Wenzhou Hongfeng's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Wenzhou Hongfeng Ele financial statement analysis. It represents the amount of money remaining after all of Wenzhou Hongfeng Electrical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Wenzhou Hongfeng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wenzhou Hongfeng Ele 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 Wenzhou Hongfeng Electrical. 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 7.5 M, whereas Selling General Administrative is forecasted to decline to about 12.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	51.2M	60.4M	73.4M	77.1M
Depreciation And Amortization	70.0M	81.8M	95.1M	99.8M

Interest Expense Depreciation And Amortization

Wenzhou Hongfeng fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.99	0.09	0.81	0.78	0.98	0.28	0.97	0.81	0.91	0.34	0.99	0.46	-0.04	0.36	0.83	0.55	0.99	0.26	-0.22	0.99	0.84	0.78	0.89	0.7	0.76
Short Long Term Debt Total	0.99		0.1	0.79	0.69	0.98	0.21	0.99	0.77	0.95	0.3	0.98	0.41	-0.05	0.31	0.8	0.44	0.97	0.17	-0.31	1.0	0.8	0.75	0.89	0.65	0.71
Other Current Liab	0.09	0.1		0.11	0.05	0.1	0.35	0.14	-0.08	-0.03	-0.24	0.11	-0.13	0.2	-0.27	0.12	-0.31	0.12	0.31	-0.16	0.11	0.09	0.07	0.3	0.25	0.12
Total Current Liabilities	0.81	0.79	0.11		0.79	0.75	0.61	0.78	0.89	0.68	0.31	0.8	0.71	0.25	0.34	0.88	0.43	0.78	0.53	-0.42	0.82	0.89	0.99	0.75	0.88	0.93
Total Stockholder Equity	0.78	0.69	0.05	0.79		0.7	0.46	0.66	0.91	0.52	0.45	0.74	0.61	0.07	0.47	0.89	0.79	0.79	0.53	0.12	0.7	0.93	0.79	0.61	0.76	0.86
Property Plant And Equipment Net	0.98	0.98	0.1	0.75	0.7		0.14	0.98	0.73	0.95	0.23	0.99	0.35	-0.02	0.24	0.78	0.51	0.96	0.2	-0.28	0.98	0.76	0.72	0.92	0.67	0.72
Current Deferred Revenue	0.28	0.21	0.35	0.61	0.46	0.14		0.18	0.44	0.01	0.29	0.23	0.71	0.3	0.3	0.39	0.1	0.31	0.71	-0.21	0.28	0.5	0.6	0.22	0.61	0.53
Net Debt	0.97	0.99	0.14	0.78	0.66	0.98	0.18		0.73	0.95	0.16	0.99	0.39	0.04	0.17	0.79	0.4	0.95	0.21	-0.4	0.99	0.76	0.74	0.93	0.69	0.72
Retained Earnings	0.81	0.77	-0.08	0.89	0.91	0.73	0.44	0.73		0.62	0.51	0.76	0.66	-0.01	0.54	0.92	0.63	0.82	0.37	-0.08	0.78	0.96	0.9	0.61	0.72	0.85
Accounts Payable	0.91	0.95	-0.03	0.68	0.52	0.95	0.01	0.95	0.62		0.17	0.94	0.27	-0.08	0.19	0.68	0.35	0.87	0.01	-0.42	0.94	0.65	0.63	0.86	0.55	0.6
Cash	0.34	0.3	-0.24	0.31	0.45	0.23	0.29	0.16	0.51	0.17		0.22	0.3	-0.56	1.0	0.34	0.36	0.39	-0.19	0.46	0.3	0.54	0.3	-0.03	-0.03	0.14
Non Current Assets Total	0.99	0.98	0.11	0.8	0.74	0.99	0.23	0.99	0.76	0.94	0.22		0.43	0.03	0.24	0.8	0.52	0.96	0.28	-0.32	0.99	0.79	0.77	0.93	0.74	0.78
Non Currrent Assets Other	0.46	0.41	-0.13	0.71	0.61	0.35	0.71	0.39	0.66	0.27	0.3	0.43		0.32	0.34	0.5	0.32	0.48	0.63	-0.28	0.46	0.63	0.71	0.27	0.67	0.69
Other Assets	-0.04	-0.05	0.2	0.25	0.07	-0.02	0.3	0.04	-0.01	-0.08	-0.56	0.03	0.32		-0.52	0.12	-0.05	-0.09	0.6	-0.34	-0.02	-0.03	0.3	0.22	0.43	0.35
Cash And Short Term Investments	0.36	0.31	-0.27	0.34	0.47	0.24	0.3	0.17	0.54	0.19	1.0	0.24	0.34	-0.52		0.36	0.38	0.4	-0.17	0.45	0.32	0.55	0.34	-0.01	-0.01	0.17
Net Receivables	0.83	0.8	0.12	0.88	0.89	0.78	0.39	0.79	0.92	0.68	0.34	0.8	0.5	0.12	0.36		0.55	0.83	0.34	-0.14	0.81	0.95	0.86	0.73	0.75	0.85
Common Stock Shares Outstanding	0.55	0.44	-0.31	0.43	0.79	0.51	0.1	0.4	0.63	0.35	0.36	0.52	0.32	-0.05	0.38	0.55		0.53	0.39	0.36	0.43	0.58	0.46	0.41	0.49	0.59
Inventory	0.99	0.97	0.12	0.78	0.79	0.96	0.31	0.95	0.82	0.87	0.39	0.96	0.48	-0.09	0.4	0.83	0.53		0.24	-0.17	0.97	0.87	0.75	0.84	0.67	0.72
Other Current Assets	0.26	0.17	0.31	0.53	0.53	0.2	0.71	0.21	0.37	0.01	-0.19	0.28	0.63	0.6	-0.17	0.34	0.39	0.24		-0.24	0.22	0.37	0.55	0.38	0.78	0.68
Other Stockholder Equity	-0.22	-0.31	-0.16	-0.42	0.12	-0.28	-0.21	-0.4	-0.08	-0.42	0.46	-0.32	-0.28	-0.34	0.45	-0.14	0.36	-0.17	-0.24		-0.35	-0.06	-0.39	-0.44	-0.48	-0.34
Total Liab	0.99	1.0	0.11	0.82	0.7	0.98	0.28	0.99	0.78	0.94	0.3	0.99	0.46	-0.02	0.32	0.81	0.43	0.97	0.22	-0.35		0.81	0.79	0.9	0.7	0.74
Total Current Assets	0.84	0.8	0.09	0.89	0.93	0.76	0.5	0.76	0.96	0.65	0.54	0.79	0.63	-0.03	0.55	0.95	0.58	0.87	0.37	-0.06	0.81		0.86	0.65	0.73	0.84
Short Term Debt	0.78	0.75	0.07	0.99	0.79	0.72	0.6	0.74	0.9	0.63	0.3	0.77	0.71	0.3	0.34	0.86	0.46	0.75	0.55	-0.39	0.79	0.86		0.73	0.87	0.93
Intangible Assets	0.89	0.89	0.3	0.75	0.61	0.92	0.22	0.93	0.61	0.86	-0.03	0.93	0.27	0.22	-0.01	0.73	0.41	0.84	0.38	-0.44	0.9	0.65	0.73		0.77	0.75
Common Stock	0.7	0.65	0.25	0.88	0.76	0.67	0.61	0.69	0.72	0.55	-0.03	0.74	0.67	0.43	-0.01	0.75	0.49	0.67	0.78	-0.48	0.7	0.73	0.87	0.77		0.95
Property Plant Equipment	0.76	0.71	0.12	0.93	0.86	0.72	0.53	0.72	0.85	0.6	0.14	0.78	0.69	0.35	0.17	0.85	0.59	0.72	0.68	-0.34	0.74	0.84	0.93	0.75	0.95

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Wenzhou Hongfeng Account Relationship Matchups

Wenzhou Hongfeng fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.7B	2.0B	2.5B	2.9B	3.0B
Short Long Term Debt Total	636.0M	663.8M	834.7M	1.1B	1.4B	1.5B
Other Current Liab	5.1M	535.6K	1.6M	542.0K	55.3M	28.8M
Total Current Liabilities	728.7M	859.5M	1.1B	894.3M	1.1B	591.4M
Total Stockholder Equity	614.0M	763.6M	820.0M	944.7M	953.0M	584.8M
Property Plant And Equipment Net	555.7M	569.2M	607.5M	832.1M	1.2B	1.2B
Current Deferred Revenue	26.0M	121.0M	183.8M	107.6M	7.3M	7.0M
Net Debt	625.8M	601.9M	591.8M	964.0M	1.3B	1.3B
Retained Earnings	152.1M	177.7M	224.5M	235.2M	244.0M	136.0M
Accounts Payable	132.5M	129.9M	134.8M	200.1M	304.3M	319.5M
Cash	10.2M	61.9M	242.8M	160.8M	137.1M	96.2M
Non Current Assets Total	786.1M	808.2M	893.5M	1.2B	1.5B	1.5B
Non Currrent Assets Other	83.6M	74.8M	108.4M	143.9M	14.0M	13.3M
Other Assets	57.7M	70.9M	75.3M	1.0	1.15	1.09
Cash And Short Term Investments	30.2M	71.9M	243.0M	161.1M	137.2M	98.4M
Net Receivables	244.7M	361.9M	299.0M	358.5M	470.0M	251.1M
Common Stock Shares Outstanding	419.4M	414.4M	437.1M	437.1M	437.1M	423.4M
Liabilities And Stockholders Equity	1.5B	1.7B	2.0B	2.5B	2.9B	3.0B
Inventory	347.9M	451.6M	547.7M	748.1M	765.1M	803.4M
Other Current Assets	42.1M	43.5M	42.2M	37.3M	9.6M	9.1M
Other Stockholder Equity	17.7M	115.0M	120.1M	121.1M	118.9M	98.6M
Total Liab	834.4M	971.6M	1.2B	1.5B	1.8B	1.9B
Total Current Assets	664.9M	929.0M	1.1B	1.3B	1.4B	740.4M
Short Term Debt	565.1M	608.0M	770.9M	586.0M	705.0M	413.8M
Intangible Assets	97.8M	94.6M	83.5M	81.4M	163.0M	171.2M
Property Plant Equipment	573.2M	555.7M	569.2M	607.5M	698.6M	351.2M
Other Liab	18.9M	24.2M	23.9M	27.1M	31.2M	16.2M
Non Current Liabilities Total	105.6M	112.1M	106.5M	581.2M	714.2M	749.9M
Short Term Investments	20M	10M	125.6K	307.1K	38.7K	36.7K
Net Tangible Assets	481.5M	516.3M	669.0M	736.5M	847.0M	601.2M
Long Term Debt	81.4M	55.8M	63.1M	500.7M	630.4M	662.0M
Deferred Long Term Liab	1.4M	920.8K	467.7K	47.1K	42.4K	40.3K
Short Long Term Debt	527.3M	565.7M	724.2M	494.6M	453.6M	553.9M
Net Invested Capital	1.2B	1.4B	1.6B	1.9B	2.0B	1.6B
Net Working Capital	(63.8M)	69.5M	40.7M	410.8M	310.0M	325.5M

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Other Information on Investing in Wenzhou Stock

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

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Wenzhou Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Wenzhou Hongfeng fundamental ratios Correlations

Wenzhou Hongfeng Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wenzhou Hongfeng fundamental ratios Accounts

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Other Information on Investing in Wenzhou Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Other Assets	- 0.56	Cash
Cash And Short Term Investments	- 0.52	Other Assets
Common Stock	- 0.48	Other Stockholder Equity
Intangible Assets	- 0.44	Other Stockholder Equity
Other Stockholder Equity	- 0.42	Accounts Payable
Other Stockholder Equity	- 0.42	Total Current Liabilities