Gansu Gross Profit vs Income Before Tax Analysis

600307 Stock   1.69  0.01  0.59%   
Gansu Jiu financial indicator trend analysis is much more than just examining Gansu Jiu Steel latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gansu Jiu Steel is a good investment. Please check the relationship between Gansu Jiu Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Gansu Jiu Steel. 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.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gansu Jiu Steel Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have weak relationship.
The correlation between Gansu Jiu's Gross Profit and Income Before Tax is 0.34. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Gansu Jiu Steel, assuming nothing else is changed. The correlation between historical values of Gansu Jiu's Gross Profit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Gansu Jiu Steel are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., Gansu Jiu's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Gansu Jiu Steel minus its cost of goods sold. It is profit before Gansu Jiu 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Gansu Jiu income statement and is an important metric when analyzing Gansu Jiu Steel 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.
Most indicators from Gansu Jiu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gansu Jiu Steel 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 Gansu Jiu Steel. 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 2.1 B, whereas Tax Provision is forecasted to decline to about 7 M.

Gansu Jiu fundamental ratios Correlations

0.390.940.930.290.440.70.510.430.480.830.420.990.740.920.220.430.020.010.020.04-0.05-0.02-0.02-0.030.05
0.390.360.390.670.090.56-0.180.010.450.580.750.37-0.070.18-0.45-0.22-0.21-0.30.31-0.25-0.35-0.22-0.36-0.34-0.23
0.940.360.830.160.380.560.370.180.450.710.480.950.790.930.360.57-0.020.020.040.060.170.040.09-0.18-0.03
0.930.390.830.460.410.770.520.390.390.890.340.860.620.780.120.230.120.05-0.010.03-0.10.08-0.07-0.180.07
0.290.670.160.46-0.20.790.040.060.490.60.520.2-0.31-0.05-0.63-0.61-0.32-0.450.54-0.48-0.58-0.37-0.67-0.340.02
0.440.090.380.41-0.20.150.010.55-0.250.43-0.110.430.420.420.260.290.670.64-0.740.60.190.550.510.470.3
0.70.560.560.770.790.150.370.440.590.830.470.640.10.38-0.37-0.27-0.32-0.380.4-0.38-0.51-0.39-0.54-0.03-0.05
0.51-0.180.370.520.040.010.370.460.350.26-0.270.490.440.510.220.19-0.14-0.220.18-0.2-0.45-0.28-0.350.160.06
0.430.010.180.390.060.550.440.460.210.44-0.110.430.120.31-0.2-0.050.090.03-0.20.02-0.4-0.13-0.120.720.21
0.480.450.450.390.49-0.250.590.350.210.40.590.490.030.34-0.45-0.14-0.64-0.630.72-0.67-0.47-0.67-0.68-0.16-0.16
0.830.580.710.890.60.430.830.260.440.40.580.770.390.59-0.190.040.07-0.010.030.05-0.150.07-0.12-0.130.14
0.420.750.480.340.52-0.110.47-0.27-0.110.590.580.430.040.27-0.380.03-0.39-0.420.46-0.290.03-0.22-0.22-0.46-0.1
0.990.370.950.860.20.430.640.490.430.490.770.430.770.940.250.49-0.020.00.020.05-0.02-0.060.010.030.04
0.74-0.070.790.62-0.310.420.10.440.120.030.390.040.770.920.750.830.350.39-0.360.440.410.330.49-0.030.11
0.920.180.930.78-0.050.420.380.510.310.340.590.270.940.920.510.70.140.16-0.140.20.180.10.22-0.010.07
0.22-0.450.360.12-0.630.26-0.370.22-0.2-0.45-0.19-0.380.250.750.510.840.420.48-0.480.520.580.450.650.030.12
0.43-0.220.570.23-0.610.29-0.270.19-0.05-0.140.040.030.490.830.70.840.230.31-0.340.390.640.340.630.00.08
0.02-0.21-0.020.12-0.320.67-0.32-0.140.09-0.640.07-0.39-0.020.350.140.420.230.91-0.930.850.430.890.740.130.46
0.01-0.30.020.05-0.450.64-0.38-0.220.03-0.63-0.01-0.420.00.390.160.480.310.91-0.920.910.570.850.810.170.23
0.020.310.04-0.010.54-0.740.40.18-0.20.720.030.460.02-0.36-0.14-0.48-0.34-0.93-0.92-0.89-0.51-0.84-0.84-0.34-0.3
0.04-0.250.060.03-0.480.6-0.38-0.20.02-0.670.05-0.290.050.440.20.520.390.850.91-0.890.570.840.820.160.24
-0.05-0.350.17-0.1-0.580.19-0.51-0.45-0.4-0.47-0.150.03-0.020.410.180.580.640.430.57-0.510.570.670.87-0.230.02
-0.02-0.220.040.08-0.370.55-0.39-0.28-0.13-0.670.07-0.22-0.060.330.10.450.340.890.85-0.840.840.670.8-0.140.31
-0.02-0.360.09-0.07-0.670.51-0.54-0.35-0.12-0.68-0.12-0.220.010.490.220.650.630.740.81-0.840.820.870.80.090.17
-0.03-0.34-0.18-0.18-0.340.47-0.030.160.72-0.16-0.13-0.460.03-0.03-0.010.030.00.130.17-0.340.16-0.23-0.140.090.28
0.05-0.23-0.030.070.020.3-0.050.060.21-0.160.14-0.10.040.110.070.120.080.460.23-0.30.240.020.310.170.28
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Gansu Jiu Account Relationship Matchups

Gansu Jiu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.6B41.4B41.9B40.4B44.4B31.0B
Other Current Liab727.9M1.0B1.5B1.7B101.8M96.7M
Total Current Liabilities26.4B27.2B23.9B23.0B24.5B18.3B
Total Stockholder Equity11.8B12.3B13.8B11.2B10.1B9.4B
Retained Earnings(1.3B)(798.5M)689.1M(3.3B)(4.3B)(4.1B)
Accounts Payable8.3B10.4B11.3B11.3B14.0B14.7B
Cash4.1B4.4B4.8B4.5B4.3B4.3B
Other Assets165.0M154.5M174.8M307.9M354.1M237.8M
Long Term Debt1.0B1.3B3.9B5.8B9.4B9.9B
Net Receivables1.8B164.2M242.3M161.9M320.3M304.3M
Inventory5.4B6.6B8.1B5.4B5.6B4.9B
Other Current Assets594.4M421.1M758.0M346.3M101.2M96.1M
Total Liab27.7B29.1B28.1B29.2B34.2B21.5B
Property Plant Equipment23.8B24.0B23.9B24.0B27.6B16.5B
Intangible Assets2.8B2.7B2.6B2.6B3.4B1.7B
Other Liab326.8M301.5M293.3M320.3M368.3M235.5M
Net Tangible Assets9.0B9.6B11.2B8.5B9.8B8.9B
Other Stockholder Equity106.6M142.2M142.4M122.8M141.2M124.1M
Deferred Long Term Liab8.5M8.0M7.5M7.0M6.3M6.8M
Short Long Term Debt16.7B14.3B9.5B7.3B8.0B9.9B
Total Current Assets11.9B13.9B14.2B10.7B10.8B12.5B
Non Current Assets Total27.6B27.5B27.7B29.7B33.6B31.8B
Non Currrent Assets Other97.8M105.7M215.9M9.3M201.2M128.9M
Non Current Liabilities Total1.3B1.9B4.3B6.2B9.8B10.2B
Non Current Liabilities Other960M1.0B18.0M17.9M15.8M15.0M
Net Debt13.6B11.3B8.6B8.6B13.1B9.8B
Net Invested Capital29.5B28.0B27.2B24.3B27.6B22.3B
Net Working Capital(14.4B)(13.2B)(9.6B)(12.3B)(13.7B)(14.4B)

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Other Information on Investing in Gansu Stock

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