Sinomach Income Before Tax vs Total Revenue Analysis

600335 Stock   6.62  0.06  0.91%   
Sinomach Automobile financial indicator trend analysis is much more than just breaking down Sinomach Automobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach Automobile is a good investment. Please check the relationship between Sinomach Automobile Income Before Tax and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomach Automobile 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 Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinomach Automobile Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sinomach Automobile's Income Before Tax and Total Revenue is 0.82. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sinomach Automobile Co, assuming nothing else is changed. The correlation between historical values of Sinomach Automobile's Income Before Tax and Total Revenue 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 Sinomach Automobile Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Sinomach Automobile's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Income Before Tax

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

Total Revenue

Total revenue comprises all receipts Sinomach Automobile generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Sinomach Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach Automobile 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 Sinomach Automobile 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.
The current year's Tax Provision is expected to grow to about 161.5 M, whereas Selling General Administrative is forecasted to decline to about 549.3 M.
 2021 2022 2023 2024 (projected)
Operating Income961.7M1.1B873.3M857.2M
Total Revenue43.9B39.6B43.5B32.8B

Sinomach Automobile fundamental ratios Correlations

0.440.770.840.720.840.370.650.170.750.470.480.830.640.80.810.790.62-0.66-0.610.590.360.370.630.59-0.61
0.440.480.470.510.30.450.520.40.410.140.610.430.520.420.510.60.46-0.48-0.40.440.330.120.420.46-0.47
0.770.480.460.390.570.40.430.210.480.770.710.940.580.370.540.620.33-0.34-0.270.360.260.380.280.3-0.34
0.840.470.460.930.840.180.770.250.890.040.190.510.610.980.930.930.91-0.89-0.910.860.570.350.90.68-0.84
0.720.510.390.930.860.050.810.310.91-0.050.190.390.590.920.960.890.94-0.94-0.90.880.60.560.910.8-0.94
0.840.30.570.840.860.090.80.310.850.310.260.570.580.830.910.770.73-0.76-0.660.660.480.550.710.72-0.76
0.370.450.40.180.050.090.280.210.110.130.340.510.240.20.110.220.04-0.120.00.03-0.07-0.18-0.010.150.02
0.650.520.430.770.810.80.280.640.860.170.120.430.460.780.850.760.76-0.81-0.640.760.710.390.780.86-0.72
0.170.40.210.250.310.310.210.640.230.290.270.210.530.190.280.360.22-0.25-0.060.310.6-0.140.270.44-0.09
0.750.410.480.890.910.850.110.860.230.080.080.440.390.90.960.840.9-0.91-0.860.870.660.630.90.81-0.91
0.470.140.770.04-0.050.310.130.170.290.080.620.70.35-0.060.140.15-0.170.150.24-0.090.150.09-0.120.040.14
0.480.610.710.190.190.260.340.120.270.080.620.630.70.050.250.33-0.01-0.010.040.030.120.110.010.12-0.06
0.830.430.940.510.390.570.510.430.210.440.70.630.630.430.490.630.33-0.39-0.280.340.140.240.270.34-0.29
0.640.520.580.610.590.580.240.460.530.390.350.70.630.480.540.720.46-0.46-0.40.460.360.030.410.36-0.35
0.80.420.370.980.920.830.20.780.190.9-0.060.050.430.480.910.870.92-0.9-0.910.850.530.370.90.69-0.84
0.810.510.540.930.960.910.110.850.280.960.140.250.490.540.910.880.9-0.89-0.850.850.640.60.890.79-0.91
0.790.60.620.930.890.770.220.760.360.840.150.330.630.720.870.880.9-0.88-0.870.880.580.360.830.63-0.82
0.620.460.330.910.940.730.040.760.220.9-0.17-0.010.330.460.920.90.9-0.96-0.980.960.60.480.940.68-0.93
-0.66-0.48-0.34-0.89-0.94-0.76-0.12-0.81-0.25-0.910.15-0.01-0.39-0.46-0.9-0.89-0.88-0.960.92-0.89-0.51-0.53-0.89-0.830.94
-0.61-0.4-0.27-0.91-0.9-0.660.0-0.64-0.06-0.860.240.04-0.28-0.4-0.91-0.85-0.87-0.980.92-0.93-0.55-0.45-0.93-0.590.91
0.590.440.360.860.880.660.030.760.310.87-0.090.030.340.460.850.850.880.96-0.89-0.930.760.460.960.66-0.84
0.360.330.260.570.60.48-0.070.710.60.660.150.120.140.360.530.640.580.6-0.51-0.550.760.30.770.54-0.5
0.370.120.380.350.560.55-0.180.39-0.140.630.090.110.240.030.370.60.360.48-0.53-0.450.460.30.490.59-0.7
0.630.420.280.90.910.71-0.010.780.270.9-0.120.010.270.410.90.890.830.94-0.89-0.930.960.770.490.73-0.87
0.590.460.30.680.80.720.150.860.440.810.040.120.340.360.690.790.630.68-0.83-0.590.660.540.590.73-0.76
-0.61-0.47-0.34-0.84-0.94-0.760.02-0.72-0.09-0.910.14-0.06-0.29-0.35-0.84-0.91-0.82-0.930.940.91-0.84-0.5-0.7-0.87-0.76
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Sinomach Automobile Account Relationship Matchups

Sinomach Automobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets37.9B32.2B30.1B32.5B34.5B36.2B
Other Current Liab5.1B5.8B8.1B187.0M2.2B2.0B
Total Current Liabilities24.4B19.7B18.6B20.1B22.7B11.9B
Total Stockholder Equity10.1B10.5B10.6B11.2B10.9B11.5B
Other Liab578.6M710.4M680.9M563.4M648.0M680.4M
Accounts Payable14.9B9.8B7.3B11.3B13.2B13.9B
Cash5.8B4.4B5.2B3.2B3.6B2.7B
Other Assets2.3B3.3B1.9B1.6B1.8B1.9B
Long Term Debt2.5B1.4B80.4M234.0M34.1M32.4M
Net Receivables7.5B4.5B5.6B6.7B6.4B6.7B
Inventory12.1B6.7B3.5B7.3B7.1B5.8B
Other Current Assets3.4B3.4B3.9B1.1B1.5B1.8B
Total Liab27.6B21.8B19.6B21.3B23.6B12.3B
Intangible Assets823.9M771.1M690.7M636.8M624.3M349.0M
Property Plant Equipment3.1B3.3B2.5B2.7B3.1B3.2B
Retained Earnings5.6B5.9B6.0B6.0B5.9B3.6B
Net Tangible Assets8.9B9.3B9.8B9.9B11.4B8.7B
Other Stockholder Equity195.6M11.0M80.2M87.9M79.1M150.3M
Deferred Long Term Liab209.2M216.9M167.8M146.2M131.5M178.6M
Short Long Term Debt3.2B2.0B1.5B2.6B2.1B2.9B
Total Current Assets29.4B25.8B24.0B26.6B28.7B27.6B
Non Current Assets Total8.5B6.4B6.1B6.0B5.7B6.8B
Non Currrent Assets Other5.5B7.1M7.2M13.3M12.0M11.4M
Non Current Liabilities Total3.2B2.1B1.0B1.3B884.3M1.5B
Non Current Liabilities Other30.7M31.6M36.8M28.2M26.2M21.2M
Net Invested Capital15.8B14.0B12.2B14.1B13.1B11.5B
Net Working Capital4.9B6.2B5.4B6.5B6.0B5.9B

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Other Information on Investing in Sinomach Stock

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