Qinghaihuading Income Before Tax vs Net Interest Income Analysis

600243 Stock

4.45 0.06 1.37%

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

Income Before Tax vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qinghaihuading Industrial Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Qinghaihuading Industrial's Income Before Tax and Net Interest Income is -0.66. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Qinghaihuading Industrial Co, assuming nothing else is changed. The correlation between historical values of Qinghaihuading Industrial's Income Before Tax and Net 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 Qinghaihuading Industrial Co are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Before Tax i.e., Qinghaihuading Industrial's Income Before Tax and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Qinghaihuading Industrial income statement and is an important metric when analyzing Qinghaihuading Industrial 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 Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most indicators from Qinghaihuading Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qinghaihuading Industrial 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 Qinghaihuading Industrial Co. 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 23.3 M. In addition to that, Tax Provision is expected to decline to about 10.2 M

	2021	2022	2023	2024 (projected)
Gross Profit	97.9M	46.8M	22.1M	21.0M
Research Development	15.3M	14.6M	14.8M	22.9M

Gross Profit Research Development

Qinghaihuading Industrial fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Long Term Debt	Short Term Investments	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.51	0.88	0.81	0.78	0.89	0.43	-0.03	0.83	0.83	0.78	0.77	0.62	0.24	0.89	0.55	0.13	0.48	-0.45	0.5	0.41	-0.23	0.53	0.43	0.18	0.53
Other Current Liab	0.51		0.69	0.24	0.6	0.58	0.13	-0.17	0.54	0.34	0.61	0.7	0.24	-0.07	0.4	0.53	0.43	0.35	-0.42	0.32	0.5	-0.32	0.2	0.4	-0.3	0.64
Total Current Liabilities	0.88	0.69		0.51	0.91	0.86	0.39	-0.25	0.86	0.63	0.83	0.96	0.49	-0.02	0.88	0.72	0.44	0.45	-0.63	0.62	0.64	-0.43	0.36	0.62	-0.18	0.69
Total Stockholder Equity	0.81	0.24	0.51		0.35	0.57	0.31	0.24	0.63	0.8	0.44	0.3	0.69	0.65	0.54	0.2	-0.43	0.4	-0.09	0.15	0.02	0.21	0.73	0.0	0.57	0.18
Other Liab	0.78	0.6	0.91	0.35		0.83	0.36	-0.36	0.79	0.58	0.83	0.96	0.26	-0.21	0.9	0.79	0.66	0.44	-0.7	0.74	0.73	-0.58	0.23	0.73	-0.3	0.69
Accounts Payable	0.89	0.58	0.86	0.57	0.83		0.14	-0.03	0.81	0.81	0.69	0.83	0.44	0.07	0.93	0.52	0.36	0.57	-0.41	0.46	0.41	-0.2	0.47	0.42	0.11	0.52
Cash	0.43	0.13	0.39	0.31	0.36	0.14		-0.27	0.18	-0.05	0.61	0.36	0.16	0.05	0.3	0.28	0.1	0.09	-0.32	0.3	0.3	-0.44	-0.29	0.36	-0.38	0.18
Other Assets	-0.03	-0.17	-0.25	0.24	-0.36	-0.03	-0.27		-0.4	0.1	-0.38	-0.35	0.32	0.68	-0.14	-0.71	-0.52	0.5	0.73	-0.76	-0.74	0.69	0.05	-0.82	0.57	-0.6
Net Receivables	0.83	0.54	0.86	0.63	0.79	0.81	0.18	-0.4		0.77	0.71	0.78	0.48	0.04	0.8	0.74	0.24	0.27	-0.6	0.68	0.6	-0.29	0.68	0.61	0.09	0.67
Inventory	0.83	0.34	0.63	0.8	0.58	0.81	-0.05	0.1	0.77		0.46	0.51	0.49	0.31	0.76	0.42	-0.04	0.43	-0.32	0.39	0.23	0.04	0.83	0.24	0.56	0.4
Other Current Assets	0.78	0.61	0.83	0.44	0.83	0.69	0.61	-0.38	0.71	0.46		0.84	0.43	-0.12	0.7	0.74	0.48	0.31	-0.71	0.69	0.7	-0.54	0.14	0.7	-0.31	0.65
Total Liab	0.77	0.7	0.96	0.3	0.96	0.83	0.36	-0.35	0.78	0.51	0.84		0.3	-0.22	0.86	0.78	0.67	0.43	-0.7	0.69	0.73	-0.57	0.18	0.72	-0.37	0.72
Intangible Assets	0.62	0.24	0.49	0.69	0.26	0.44	0.16	0.32	0.48	0.49	0.43	0.3		0.5	0.38	0.09	-0.32	0.33	-0.02	0.03	-0.02	0.13	0.48	-0.05	0.37	0.13
Common Stock	0.24	-0.07	-0.02	0.65	-0.21	0.07	0.05	0.68	0.04	0.31	-0.12	-0.22	0.5		0.01	-0.5	-0.72	0.58	0.54	-0.58	-0.61	0.74	0.43	-0.68	0.69	-0.53
Property Plant Equipment	0.89	0.4	0.88	0.54	0.9	0.93	0.3	-0.14	0.8	0.76	0.7	0.86	0.38	0.01		0.59	0.42	0.53	-0.52	0.59	0.49	-0.35	0.4	0.53	0.03	0.52
Retained Earnings	0.55	0.53	0.72	0.2	0.79	0.52	0.28	-0.71	0.74	0.42	0.74	0.78	0.09	-0.5	0.59		0.61	-0.11	-0.92	0.96	0.97	-0.71	0.26	0.95	-0.42	0.93
Long Term Debt	0.13	0.43	0.44	-0.43	0.66	0.36	0.1	-0.52	0.24	-0.04	0.48	0.67	-0.32	-0.72	0.42	0.61		0.11	-0.6	0.6	0.68	-0.71	-0.36	0.7	-0.72	0.54
Short Term Investments	0.48	0.35	0.45	0.4	0.44	0.57	0.09	0.5	0.27	0.43	0.31	0.43	0.33	0.58	0.53	-0.11	0.11		0.17	-0.22	-0.2	0.31	0.18	-0.26	0.23	-0.21
Good Will	-0.45	-0.42	-0.63	-0.09	-0.7	-0.41	-0.32	0.73	-0.6	-0.32	-0.71	-0.7	-0.02	0.54	-0.52	-0.92	-0.6	0.17		-0.91	-0.93	0.77	-0.15	-0.93	0.42	-0.85
Net Tangible Assets	0.5	0.32	0.62	0.15	0.74	0.46	0.3	-0.76	0.68	0.39	0.69	0.69	0.03	-0.58	0.59	0.96	0.6	-0.22	-0.91		0.93	-0.75	0.21	0.97	-0.38	0.86
Deferred Long Term Liab	0.41	0.5	0.64	0.02	0.73	0.41	0.3	-0.74	0.6	0.23	0.7	0.73	-0.02	-0.61	0.49	0.97	0.68	-0.2	-0.93	0.93		-0.78	0.06	0.96	-0.59	0.92
Long Term Investments	-0.23	-0.32	-0.43	0.21	-0.58	-0.2	-0.44	0.69	-0.29	0.04	-0.54	-0.57	0.13	0.74	-0.35	-0.71	-0.71	0.31	0.77	-0.75	-0.78		0.27	-0.85	0.67	-0.7
Short Long Term Debt	0.53	0.2	0.36	0.73	0.23	0.47	-0.29	0.05	0.68	0.83	0.14	0.18	0.48	0.43	0.4	0.26	-0.36	0.18	-0.15	0.21	0.06	0.27		0.04	0.71	0.26
Total Current Assets	0.43	0.4	0.62	0.0	0.73	0.42	0.36	-0.82	0.61	0.24	0.7	0.72	-0.05	-0.68	0.53	0.95	0.7	-0.26	-0.93	0.97	0.96	-0.85	0.04		-0.55	0.88
Short Term Debt	0.18	-0.3	-0.18	0.57	-0.3	0.11	-0.38	0.57	0.09	0.56	-0.31	-0.37	0.37	0.69	0.03	-0.42	-0.72	0.23	0.42	-0.38	-0.59	0.67	0.71	-0.55		-0.4
Non Current Assets Total	0.53	0.64	0.69	0.18	0.69	0.52	0.18	-0.6	0.67	0.4	0.65	0.72	0.13	-0.53	0.52	0.93	0.54	-0.21	-0.85	0.86	0.92	-0.7	0.26	0.88	-0.4

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Qinghaihuading Industrial Account Relationship Matchups

Qinghaihuading Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.7B	1.9B	1.4B	1.1B	1.8B
Other Current Liab	159.9M	87.3M	238.9M	95.6M	9.9M	9.4M
Total Current Liabilities	777.6M	439.8M	713.5M	429.1M	341.7M	324.6M
Total Stockholder Equity	1.1B	1.2B	1.0B	892.8M	728.8M	925.2M
Other Liab	61.8M	48.6M	27.6M	18.4M	21.2M	20.1M
Accounts Payable	271.0M	178.3M	228.8M	130.1M	144.5M	221.2M
Cash	61.6M	131.8M	62.0M	240.5M	252.3M	213.6M
Other Assets	125.5M	244.1M	232.5M	161.2M	185.3M	194.6M
Net Receivables	609.8M	75.6M	237.1M	116.8M	95.1M	90.4M
Inventory	485.5M	437.9M	419.1M	275.7M	252.8M	444.4M
Other Current Assets	34.3M	28.4M	25.0M	13.9M	8.6M	8.1M
Total Liab	849.5M	503.7M	760.2M	465.6M	356.5M	338.7M
Intangible Assets	90.7M	78.9M	91.8M	46.6M	45.3M	55.9M
Property Plant Equipment	544.0M	392.3M	364.4M	310.3M	356.8M	486.0M
Retained Earnings	(559.8M)	(532.3M)	(644.1M)	(796.8M)	(997.3M)	(947.5M)
Long Term Debt	10.0M	15.0M	4M	15.5M	3.9M	3.7M
Net Tangible Assets	1.0B	1.1B	752.7M	846.2M	761.6M	1.0B
Deferred Long Term Liab	11.3M	12.4M	10.8M	6.0M	5.4M	5.1M
Short Long Term Debt	294.2M	155.0M	202.5M	150.9M	103.7M	98.5M
Total Current Assets	1.2B	929.5M	913.6M	835.4M	688.4M	1.1B
Non Current Assets Total	765.0M	729.1M	928.1M	538.1M	397.3M	630.5M
Non Currrent Assets Other	37.8M	203.2M	188.9M	130.2M	81.9M	105.7M
Non Current Liabilities Total	71.9M	63.9M	40.0M	36.4M	14.8M	14.1M
Net Debt	287.0M	242.1M	38.3M	144.6M	130.1M	174.1M
Other Stockholder Equity	(1.8M)	(1.5M)	6.3M	6.2M	7.2M	7.5M
Net Invested Capital	1.4B	1.3B	1.3B	1.1B	836.4M	1.2B
Net Working Capital	413.5M	489.7M	203.4M	406.3M	346.7M	407.8M

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Other Information on Investing in Qinghaihuading Stock

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

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Qinghaihuading Income Before Tax vs Net Interest Income Analysis

Income Before Tax vs Net Interest Income

Income Before Tax vs Net Interest Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Interest Income

Qinghaihuading Industrial fundamental ratios Correlations

Qinghaihuading Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qinghaihuading Industrial fundamental ratios Accounts

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Other Information on Investing in Qinghaihuading Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Deferred Long Term Liab	+ 0.97	Retained Earnings
Total Current Assets	+ 0.97	Net Tangible Assets
Total Liab	+ 0.96	Total Current Liabilities
Total Liab	+ 0.96	Other Liab
Net Tangible Assets	+ 0.96	Retained Earnings
Total Current Assets	+ 0.96	Deferred Long Term Liab

Total Current Assets	- 0.93	Good Will
Deferred Long Term Liab	- 0.93	Good Will
Good Will	- 0.92	Retained Earnings
Net Tangible Assets	- 0.91	Good Will
Total Current Assets	- 0.85	Long Term Investments
Non Current Assets Total	- 0.85	Good Will