Super-Dragon Income Before Tax vs Interest Income Analysis

301131 Stock   38.95  1.66  4.45%   
Super-Dragon Engineering financial indicator trend analysis is much more than just breaking down Super-Dragon Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Super-Dragon Engineering is a good investment. Please check the relationship between Super-Dragon Engineering Income Before Tax and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Super Dragon Engineering Plastics. 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 Interest Income

Income Before Tax vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Super-Dragon Engineering Income Before Tax account and Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Super-Dragon Engineering's Income Before Tax and Interest Income is -0.57. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Interest Income in the same time period over historical financial statements of Super Dragon Engineering Plastics, assuming nothing else is changed. The correlation between historical values of Super-Dragon Engineering's Income Before Tax and Interest 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 Super Dragon Engineering Plastics are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Before Tax i.e., Super-Dragon Engineering's Income Before Tax and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.57
Relationship DirectionNegative 
Relationship StrengthVery Weak

Income Before Tax

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

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Super-Dragon Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Super-Dragon Engineering 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 Super Dragon Engineering Plastics. 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 December 1, 2024, Tax Provision is expected to decline to about 4.5 M. In addition to that, Selling General Administrative is expected to decline to about 23.8 M
 2021 2022 2023 2024 (projected)
Interest Expense20.3M17.2M15.8M25.0M
Interest Income896.5K2.4M2.4M2.0M

Super-Dragon Engineering fundamental ratios Correlations

-0.730.880.970.710.980.920.940.990.960.970.910.90.960.820.930.990.951.00.910.910.890.960.840.96
-0.73-0.56-0.79-0.17-0.58-0.68-0.87-0.75-0.79-0.68-0.88-0.42-0.56-0.57-0.55-0.74-0.65-0.71-0.88-0.7-0.74-0.83-0.41-0.83
0.88-0.560.740.720.870.970.790.880.850.950.730.780.860.470.980.80.920.880.730.620.930.830.70.83
0.97-0.790.740.570.920.820.960.970.950.880.960.830.890.890.80.990.860.960.960.970.820.960.80.96
0.71-0.170.720.570.830.640.460.640.570.770.370.930.880.630.810.680.830.740.370.630.480.50.860.51
0.98-0.580.870.920.830.880.860.950.90.950.810.970.990.840.940.970.960.980.810.90.810.890.910.89
0.92-0.680.970.820.640.880.890.930.940.970.830.760.860.550.960.860.930.910.830.70.980.890.650.89
0.94-0.870.790.960.460.860.890.970.980.890.980.720.820.750.80.940.850.920.980.870.910.970.640.97
0.99-0.750.880.970.640.950.930.970.980.950.940.850.920.790.910.980.920.990.940.90.920.980.790.98
0.96-0.790.850.950.570.90.940.980.980.940.940.790.880.740.870.950.910.950.940.860.930.950.670.95
0.97-0.680.950.880.770.950.970.890.950.940.830.880.950.690.980.930.990.970.830.80.910.90.790.9
0.91-0.880.730.960.370.810.830.980.940.940.830.660.760.740.740.920.770.891.00.870.880.980.640.98
0.9-0.420.780.830.930.970.760.720.850.790.880.660.980.850.880.90.910.920.660.860.650.750.950.76
0.96-0.560.860.890.880.990.860.820.920.880.950.760.980.830.930.950.970.970.760.880.770.840.910.85
0.82-0.570.470.890.630.840.550.750.790.740.690.740.850.830.60.890.720.830.740.980.490.750.850.75
0.93-0.550.980.80.810.940.960.80.910.870.980.740.880.930.60.870.960.930.740.720.90.850.80.85
0.99-0.740.80.990.680.970.860.940.980.950.930.920.90.950.890.870.920.990.920.960.830.950.850.95
0.95-0.650.920.860.830.960.930.850.920.910.990.770.910.970.720.960.920.950.770.810.850.850.810.85
1.0-0.710.880.960.740.980.910.920.990.950.970.890.920.970.830.930.990.950.890.920.870.950.870.95
0.91-0.880.730.960.370.810.830.980.940.940.831.00.660.760.740.740.920.770.890.870.880.980.640.98
0.91-0.70.620.970.630.90.70.870.90.860.80.870.860.880.980.720.960.810.920.870.660.880.860.88
0.89-0.740.930.820.480.810.980.910.920.930.910.880.650.770.490.90.830.850.870.880.660.920.560.92
0.96-0.830.830.960.50.890.890.970.980.950.90.980.750.840.750.850.950.850.950.980.880.920.741.0
0.84-0.410.70.80.860.910.650.640.790.670.790.640.950.910.850.80.850.810.870.640.860.560.740.75
0.96-0.830.830.960.510.890.890.970.980.950.90.980.760.850.750.850.950.850.950.980.880.921.00.75
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Super-Dragon Engineering Account Relationship Matchups

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Other Information on Investing in Super-Dragon Stock

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