Weihai Income Before Tax vs Net Income Analysis

300699 Stock

34.62 0.70 2.06%

Weihai Guangwei financial indicator trend analysis is more than just analyzing Weihai Guangwei Comp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weihai Guangwei Comp is a good investment. Please check the relationship between Weihai Guangwei 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 Weihai Guangwei Composites. 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 Weihai Guangwei Comp Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Weihai Guangwei'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 Weihai Guangwei Composites, assuming nothing else is changed. The correlation between historical values of Weihai Guangwei'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 Weihai Guangwei Composites 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., Weihai Guangwei'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 Weihai Guangwei income statement and is an important metric when analyzing Weihai Guangwei Comp 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 Weihai Guangwei Comp financial statement analysis. It represents the amount of money remaining after all of Weihai Guangwei Composites operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Weihai Guangwei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weihai Guangwei Comp 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 Weihai Guangwei Composites. 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.

As of November 30, 2024, Selling General Administrative is expected to decline to about 62.6 M. In addition to that, Tax Provision is expected to decline to about 87.9 M

	2021	2022	2023	2024 (projected)
Operating Income	841.9M	991.1M	1.1B	1.1B
Total Revenue	2.6B	2.5B	2.5B	1.5B

Operating Income Total Revenue

Weihai Guangwei fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.36	0.58	0.36	0.99	0.96	0.77	-0.11	-0.82	0.89	0.87	0.88	0.93	0.09	0.75	0.86	0.75	0.46	0.91	0.23	0.68	0.6	0.97	-0.47	0.84	0.35
Short Long Term Debt Total	-0.36		-0.13	0.49	-0.44	-0.47	0.11	0.25	0.73	-0.15	-0.53	-0.58	-0.15	-0.39	-0.36	-0.59	0.23	-0.86	-0.35	-0.51	-0.7	0.06	-0.47	0.99	-0.34	0.48
Other Current Liab	0.58	-0.13		0.22	0.57	0.55	0.64	-0.29	-0.4	0.65	0.37	0.39	0.61	-0.53	0.45	0.29	0.52	0.17	0.61	0.27	0.39	0.37	0.52	-0.21	0.59	0.08
Total Current Liabilities	0.36	0.49	0.22		0.23	0.19	0.51	0.58	-0.01	0.34	0.34	0.23	0.58	-0.18	-0.03	0.19	0.62	-0.13	0.47	-0.67	-0.39	0.86	0.18	0.45	0.44	0.86
Total Stockholder Equity	0.99	-0.44	0.57	0.23		0.97	0.73	-0.2	-0.84	0.87	0.85	0.87	0.88	0.1	0.79	0.86	0.7	0.49	0.88	0.33	0.76	0.5	0.98	-0.54	0.8	0.25
Other Liab	0.96	-0.47	0.55	0.19	0.97		0.68	-0.24	-0.86	0.84	0.82	0.89	0.84	0.23	0.78	0.87	0.63	0.54	0.83	0.36	0.78	0.49	0.96	-0.56	0.79	0.13
Property Plant And Equipment Net	0.77	0.11	0.64	0.51	0.73	0.68		0.02	-0.51	0.95	0.6	0.6	0.84	-0.18	0.58	0.56	0.69	-0.03	0.74	-0.07	0.32	0.6	0.66	-0.04	0.73	0.46
Current Deferred Revenue	-0.11	0.25	-0.29	0.58	-0.2	-0.24	0.02		0.1	-0.13	0.18	0.0	0.05	0.17	-0.31	-0.03	-0.05	-0.06	0.0	-0.57	-0.53	0.49	-0.22	0.25	0.07	0.57
Net Debt	-0.82	0.73	-0.4	-0.01	-0.84	-0.86	-0.51	0.1		-0.71	-0.91	-0.97	-0.64	-0.36	-0.7	-0.96	-0.27	-0.78	-0.74	-0.32	-0.8	-0.46	-0.87	0.8	-0.79	0.01
Retained Earnings	0.89	-0.15	0.65	0.34	0.87	0.84	0.95	-0.13	-0.71		0.74	0.75	0.85	-0.04	0.76	0.73	0.68	0.2	0.81	0.15	0.58	0.55	0.84	-0.28	0.78	0.31
Accounts Payable	0.87	-0.53	0.37	0.34	0.85	0.82	0.6	0.18	-0.91	0.74		0.94	0.74	0.31	0.66	0.93	0.47	0.7	0.85	0.12	0.62	0.71	0.88	-0.6	0.79	0.33
Cash	0.88	-0.58	0.39	0.23	0.87	0.89	0.6	0.0	-0.97	0.75	0.94		0.75	0.34	0.66	0.98	0.41	0.71	0.8	0.14	0.68	0.62	0.89	-0.66	0.88	0.19
Non Current Assets Total	0.93	-0.15	0.61	0.58	0.88	0.84	0.84	0.05	-0.64	0.85	0.74	0.75		-0.05	0.53	0.71	0.78	0.27	0.91	-0.05	0.38	0.7	0.8	-0.27	0.85	0.5
Other Assets	0.09	-0.39	-0.53	-0.18	0.1	0.23	-0.18	0.17	-0.36	-0.04	0.31	0.34	-0.05		0.13	0.39	-0.32	0.49	0.06	0.15	0.28	0.06	0.18	-0.36	-0.05	-0.3
Long Term Debt	0.75	-0.36	0.45	-0.03	0.79	0.78	0.58	-0.31	-0.7	0.76	0.66	0.66	0.53	0.13		0.67	0.55	0.37	0.6	0.51	0.79	0.25	0.84	-0.45	0.52	0.03
Cash And Short Term Investments	0.86	-0.59	0.29	0.19	0.86	0.87	0.56	-0.03	-0.96	0.73	0.93	0.98	0.71	0.39	0.67		0.4	0.7	0.79	0.13	0.7	0.57	0.89	-0.66	0.82	0.18
Net Receivables	0.75	0.23	0.52	0.62	0.7	0.63	0.69	-0.05	-0.27	0.68	0.47	0.41	0.78	-0.32	0.55	0.4		-0.08	0.63	0.0	0.25	0.54	0.67	0.14	0.55	0.67
Non Current Liabilities Total	0.46	-0.86	0.17	-0.13	0.49	0.54	-0.03	-0.06	-0.78	0.2	0.7	0.71	0.27	0.49	0.37	0.7	-0.08		0.53	0.31	0.61	0.34	0.56	-0.84	0.44	-0.26
Inventory	0.91	-0.35	0.61	0.47	0.88	0.83	0.74	0.0	-0.74	0.81	0.85	0.8	0.91	0.06	0.6	0.79	0.63	0.53		0.04	0.51	0.73	0.84	-0.44	0.78	0.34
Other Current Assets	0.23	-0.51	0.27	-0.67	0.33	0.36	-0.07	-0.57	-0.32	0.15	0.12	0.14	-0.05	0.15	0.51	0.13	0.0	0.31	0.04		0.78	-0.44	0.39	-0.51	-0.09	-0.56
Other Stockholder Equity	0.68	-0.7	0.39	-0.39	0.76	0.78	0.32	-0.53	-0.8	0.58	0.62	0.68	0.38	0.28	0.79	0.7	0.25	0.61	0.51	0.78		0.0	0.82	-0.75	0.42	-0.32
Total Liab	0.6	0.06	0.37	0.86	0.5	0.49	0.6	0.49	-0.46	0.55	0.71	0.62	0.7	0.06	0.25	0.57	0.54	0.34	0.73	-0.44	0.0		0.49	0.01	0.67	0.65
Total Current Assets	0.97	-0.47	0.52	0.18	0.98	0.96	0.66	-0.22	-0.87	0.84	0.88	0.89	0.8	0.18	0.84	0.89	0.67	0.56	0.84	0.39	0.82	0.49		-0.56	0.76	0.21
Short Term Debt	-0.47	0.99	-0.21	0.45	-0.54	-0.56	-0.04	0.25	0.8	-0.28	-0.6	-0.66	-0.27	-0.36	-0.45	-0.66	0.14	-0.84	-0.44	-0.51	-0.75	0.01	-0.56		-0.44	0.42
Intangible Assets	0.84	-0.34	0.59	0.44	0.8	0.79	0.73	0.07	-0.79	0.78	0.79	0.88	0.85	-0.05	0.52	0.82	0.55	0.44	0.78	-0.09	0.42	0.67	0.76	-0.44		0.41
Common Stock	0.35	0.48	0.08	0.86	0.25	0.13	0.46	0.57	0.01	0.31	0.33	0.19	0.5	-0.3	0.03	0.18	0.67	-0.26	0.34	-0.56	-0.32	0.65	0.21	0.42	0.41

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Weihai Guangwei Account Relationship Matchups

Weihai Guangwei fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.1B	4.6B	5.6B	6.3B	7.1B	4.1B
Other Current Liab	(100.3M)	101.1M	4.3M	224.7M	129.5M	136.0M
Total Current Liabilities	473.1M	509.9M	759.0M	822.5M	977.2M	664.5M
Total Stockholder Equity	3.2B	3.6B	4.1B	4.9B	5.4B	3.0B
Other Liab	339.9M	422.0M	534.5M	510.5M	587.1M	345.1M
Property Plant And Equipment Net	1.1B	1.4B	1.8B	2.4B	3.0B	3.2B
Net Debt	(692.0M)	(1.5B)	(1.9B)	(1.3B)	(528.5M)	(554.9M)
Retained Earnings	1.1B	1.5B	2.0B	2.5B	3.0B	3.2B
Accounts Payable	384.7M	408.8M	616.2M	542.1M	379.8M	325.0M
Cash	869.4M	1.5B	1.9B	1.4B	1.1B	715.4M
Non Current Assets Total	1.3B	1.8B	2.3B	2.8B	3.4B	1.7B
Other Assets	65.2M	1.0	108.8M	193.5M	1.15	1.09
Cash And Short Term Investments	1.3B	1.5B	1.9B	1.4B	1.1B	756.6M
Net Receivables	1.1B	1.1B	894.5M	1.4B	2.1B	1.2B
Liabilities And Stockholders Equity	4.1B	4.6B	5.6B	6.3B	7.1B	4.1B
Non Current Liabilities Total	339.9M	422.0M	535.1M	513.5M	123.7M	117.5M
Inventory	296.9M	286.3M	412.0M	645.0M	456.0M	296.2M
Other Current Assets	18.6M	22.4M	37.7M	71.7M	16.2M	15.4M
Other Stockholder Equity	1.6B	1.7B	1.5B	1.5B	1.2B	1.2B
Total Liab	813.1M	932.0M	1.3B	1.3B	1.1B	1.0B
Total Current Assets	2.7B	2.8B	3.3B	3.5B	3.7B	2.3B
Intangible Assets	146.4M	260.1M	233.6M	231.3M	239.8M	192.6M
Property Plant Equipment	1.1B	1.4B	1.8B	2.4B	2.7B	2.9B
Non Currrent Assets Other	496.1M	48.0M	114.1M	164.6M	19.6M	18.6M
Net Tangible Assets	3.1B	3.4B	3.9B	4.6B	5.3B	3.1B
Deferred Long Term Liab	1.9M	554.0K	10.9M	43.8M	50.3M	52.9M
Net Invested Capital	3.2B	3.6B	4.1B	4.9B	5.6B	4.2B
Net Working Capital	2.2B	2.3B	2.5B	2.7B	2.7B	2.6B

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

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Weihai 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

Weihai Guangwei fundamental ratios Correlations

Weihai Guangwei Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Weihai Guangwei fundamental ratios Accounts

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Total Stockholder Equity	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Short Long Term Debt Total
Total Current Assets	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.97	Total Assets
Other Liab	+ 0.97	Total Stockholder Equity

Cash	- 0.97	Net Debt
Cash And Short Term Investments	- 0.96	Net Debt
Accounts Payable	- 0.91	Net Debt
Total Current Assets	- 0.87	Net Debt
Net Debt	- 0.86	Other Liab
Non Current Liabilities Total	- 0.86	Short Long Term Debt Total