Tonghua Income Before Tax vs Ebitda Analysis

600365 Stock

2.80 0.03 1.06%

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

Income Before Tax vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tonghua Grape Wine Income Before Tax account and Ebitda. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Tonghua Grape's Income Before Tax and Ebitda is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of Tonghua Grape Wine, assuming nothing else is changed. The correlation between historical values of Tonghua Grape's Income Before Tax and Ebitda 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 Tonghua Grape Wine are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., Tonghua Grape's Income Before Tax and Ebitda go up and down completely randomly.

Correlation Coefficient

0.93

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 Tonghua Grape income statement and is an important metric when analyzing Tonghua Grape Wine 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.

Ebitda

Most indicators from Tonghua Grape's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tonghua Grape Wine 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 Tonghua Grape Wine. 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 Selling General Administrative is expected to grow to about 59.7 M. The current year's Tax Provision is expected to grow to about 9.8 M

	2021	2023	2024 (projected)
Other Operating Expenses	11.7M	10.5M	9.8M
Research Development	751.8K	930.4K	706.7K

Other Operating Expenses Research Development

Tonghua Grape fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Other Assets	Good Will	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Non Current Liabilities Total	Total Current Assets	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		-0.27	0.62	0.74	-0.17	0.56	0.21	0.54	0.87	0.48	0.47	0.15	0.85	0.7	0.16	0.35	0.72	-0.08	0.65	0.19	-0.53	-0.49	0.14	0.11	-0.03	0.02
Other Current Liab	-0.27		-0.21	-0.14	0.46	0.09	0.11	-0.25	-0.11	0.18	-0.43	0.31	-0.2	-0.31	-0.27	0.09	0.04	0.29	-0.44	-0.29	0.4	0.51	-0.52	0.17	-0.64	0.32
Total Current Liabilities	0.62	-0.21		-0.06	-0.5	0.3	-0.49	0.55	0.74	-0.07	0.85	0.17	0.86	0.84	0.29	-0.14	0.68	-0.62	0.72	0.44	-0.78	-0.62	0.51	-0.35	0.26	-0.53
Total Stockholder Equity	0.74	-0.14	-0.06		0.25	0.49	0.71	0.22	0.5	0.69	-0.14	0.04	0.32	0.16	-0.07	0.57	0.32	0.44	0.22	-0.18	0.01	-0.07	-0.31	0.46	-0.27	0.47
Retained Earnings	-0.17	0.46	-0.5	0.25		0.0	0.73	0.01	-0.29	0.18	-0.71	-0.21	-0.5	-0.59	-0.86	0.1	-0.39	0.68	-0.47	-0.61	0.62	0.46	-0.77	0.63	-0.65	0.65
Accounts Payable	0.56	0.09	0.3	0.49	0.0		0.2	0.02	0.69	0.51	0.14	0.45	0.51	0.42	0.21	0.5	0.69	0.27	0.37	-0.28	0.02	0.0	-0.26	0.31	-0.08	0.18
Cash	0.21	0.11	-0.49	0.71	0.73	0.2		-0.06	-0.09	0.48	-0.65	-0.06	-0.24	-0.42	-0.57	0.44	-0.17	0.66	-0.31	-0.64	0.54	0.4	-0.67	0.65	-0.51	0.62
Net Receivables	0.54	-0.25	0.55	0.22	0.01	0.02	-0.06		0.45	-0.15	0.48	-0.04	0.44	0.42	-0.16	-0.15	0.3	-0.22	0.2	0.3	-0.53	-0.83	0.31	0.01	0.15	-0.16
Inventory	0.87	-0.11	0.74	0.5	-0.29	0.69	-0.09	0.45		0.46	0.54	0.13	0.87	0.82	0.38	0.3	0.74	-0.09	0.73	0.16	-0.56	-0.49	0.09	0.1	-0.04	-0.02
Other Current Assets	0.48	0.18	-0.07	0.69	0.18	0.51	0.48	-0.15	0.46		-0.29	-0.02	0.28	0.13	0.13	0.38	0.21	0.41	0.19	-0.3	0.18	0.26	-0.5	0.39	-0.53	0.44
Total Liab	0.47	-0.43	0.85	-0.14	-0.71	0.14	-0.65	0.48	0.54	-0.29		0.23	0.7	0.77	0.4	-0.26	0.61	-0.76	0.72	0.72	-0.87	-0.72	0.84	-0.63	0.69	-0.72
Intangible Assets	0.15	0.31	0.17	0.04	-0.21	0.45	-0.06	-0.04	0.13	-0.02	0.23		0.32	0.1	0.14	0.22	0.71	-0.26	-0.16	0.13	0.01	0.05	0.2	-0.31	0.23	-0.31
Common Stock	0.85	-0.2	0.86	0.32	-0.5	0.51	-0.24	0.44	0.87	0.28	0.7	0.32		0.88	0.4	0.19	0.85	-0.45	0.72	0.37	-0.67	-0.53	0.39	-0.23	0.12	-0.32
Property Plant Equipment	0.7	-0.31	0.84	0.16	-0.59	0.42	-0.42	0.42	0.82	0.13	0.77	0.1	0.88		0.5	-0.07	0.67	-0.47	0.77	0.45	-0.84	-0.62	0.47	-0.28	0.27	-0.4
Short Term Investments	0.16	-0.27	0.29	-0.07	-0.86	0.21	-0.57	-0.16	0.38	0.13	0.4	0.14	0.4	0.5		0.14	0.32	-0.27	0.35	0.3	-0.36	-0.31	0.37	-0.25	0.33	-0.27
Other Assets	0.35	0.09	-0.14	0.57	0.1	0.5	0.44	-0.15	0.3	0.38	-0.26	0.22	0.19	-0.07	0.14		0.26	0.38	0.04	-0.35	0.4	0.25	-0.37	0.35	-0.3	0.37
Good Will	0.72	0.04	0.68	0.32	-0.39	0.69	-0.17	0.3	0.74	0.21	0.61	0.71	0.85	0.67	0.32	0.26		-0.3	0.49	0.31	-0.47	-0.37	0.33	-0.2	0.19	-0.25
Net Tangible Assets	-0.08	0.29	-0.62	0.44	0.68	0.27	0.66	-0.22	-0.09	0.41	-0.76	-0.26	-0.45	-0.47	-0.27	0.38	-0.3		-0.35	-0.69	0.64	0.38	-0.85	0.91	-0.62	0.95
Deferred Long Term Liab	0.65	-0.44	0.72	0.22	-0.47	0.37	-0.31	0.2	0.73	0.19	0.72	-0.16	0.72	0.77	0.35	0.04	0.49	-0.35		0.42	-0.67	-0.4	0.42	-0.25	0.29	-0.28
Non Current Assets Total	0.19	-0.29	0.44	-0.18	-0.61	-0.28	-0.64	0.3	0.16	-0.3	0.72	0.13	0.37	0.45	0.3	-0.35	0.31	-0.69	0.42		-0.72	-0.49	0.85	-0.77	0.58	-0.57
Non Currrent Assets Other	-0.53	0.4	-0.78	0.01	0.62	0.02	0.54	-0.53	-0.56	0.18	-0.87	0.01	-0.67	-0.84	-0.36	0.4	-0.47	0.64	-0.67	-0.72		0.76	-0.73	0.48	-0.48	0.54
Long Term Debt	-0.49	0.51	-0.62	-0.07	0.46	0.0	0.4	-0.83	-0.49	0.26	-0.72	0.05	-0.53	-0.62	-0.31	0.25	-0.37	0.38	-0.4	-0.49	0.76		-0.6	0.16	-0.47	0.32
Non Current Liabilities Total	0.14	-0.52	0.51	-0.31	-0.77	-0.26	-0.67	0.31	0.09	-0.5	0.84	0.2	0.39	0.47	0.37	-0.37	0.33	-0.85	0.42	0.85	-0.73	-0.6		-0.83	0.84	-0.8
Total Current Assets	0.11	0.17	-0.35	0.46	0.63	0.31	0.65	0.01	0.1	0.39	-0.63	-0.31	-0.23	-0.28	-0.25	0.35	-0.2	0.91	-0.25	-0.77	0.48	0.16	-0.83		-0.66	0.89
Common Stock Shares Outstanding	-0.03	-0.64	0.26	-0.27	-0.65	-0.08	-0.51	0.15	-0.04	-0.53	0.69	0.23	0.12	0.27	0.33	-0.3	0.19	-0.62	0.29	0.58	-0.48	-0.47	0.84	-0.66		-0.73
Net Invested Capital	0.02	0.32	-0.53	0.47	0.65	0.18	0.62	-0.16	-0.02	0.44	-0.72	-0.31	-0.32	-0.4	-0.27	0.37	-0.25	0.95	-0.28	-0.57	0.54	0.32	-0.8	0.89	-0.73

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Tonghua Grape Account Relationship Matchups

Tonghua Grape fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.1B	857.6M	945.9M	894.7M	767.8M
Other Current Liab	58.7M	44.1M	154.9M	1.7M	1.5M	1.4M
Total Current Liabilities	336.0M	334.6M	405.5M	498.6M	437.5M	230.2M
Total Stockholder Equity	662.0M	594.1M	364.9M	332.0M	307.9M	493.4M
Retained Earnings	(285.9M)	(353.8M)	(350.0M)	(408.8M)	(481.7M)	(457.6M)
Accounts Payable	38.4M	31.7M	26.6M	42.5M	41.1M	48.0M
Cash	97.9M	150.8M	11.7M	18.1M	26.3M	25.0M
Net Receivables	296.7M	60.8M	127.7M	209.4M	152.8M	115.3M
Inventory	314.3M	240.6M	262.0M	262.8M	202.7M	181.8M
Other Current Assets	74.9M	76.7M	92.7M	7.6M	8.2M	7.8M
Total Liab	408.9M	406.5M	492.7M	613.8M	586.6M	616.0M
Intangible Assets	371.4K	787.1K	20.7M	20.5M	20.0M	21.1M
Property Plant Equipment	217.8M	209.4M	198.8M	212.7M	244.6M	186.0M
Other Assets	28.2M	25.2M	24.6M	3.9M	4.5M	4.3M
Net Tangible Assets	656.8M	625.5M	557.2M	308.1M	277.3M	468.0M
Deferred Long Term Liab	2.5M	1.6M	3.5M	2.3M	2.6M	2.8M
Non Current Assets Total	348.8M	338.0M	351.2M	343.2M	328.9M	358.9M
Non Currrent Assets Other	10.5M	8.1M	782.2K	3.4M	2.1M	2.0M
Long Term Debt	2.3M	766.9K	5.9M	3.3M	3.0M	3.3M
Non Current Liabilities Total	72.8M	71.9M	87.1M	115.1M	149.1M	156.6M
Total Current Assets	794.3M	742.2M	506.4M	602.7M	565.8M	570.8M
Net Invested Capital	771.6M	729.1M	397.5M	350.3M	327.2M	453.3M
Net Working Capital	458.3M	407.6M	100.9M	104.1M	128.3M	245.8M

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Other Information on Investing in Tonghua Stock

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

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Tonghua Income Before Tax vs Ebitda Analysis

Income Before Tax vs Ebitda

Income Before Tax vs Ebitda Correlation Analysis

Correlation Coefficient

Income Before Tax

Ebitda

Tonghua Grape fundamental ratios Correlations

Tonghua Grape Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tonghua Grape fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Tonghua Stock

COMMON DESTINATIONS

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Net Invested Capital	+ 0.95	Net Tangible Assets
Total Current Assets	+ 0.91	Net Tangible Assets
Net Invested Capital	+ 0.89	Total Current Assets
Property Plant Equipment	+ 0.88	Common Stock
Inventory	+ 0.87	Total Assets
Common Stock	+ 0.87	Inventory

Non Currrent Assets Other	- 0.87	Total Liab
Short Term Investments	- 0.86	Retained Earnings
Non Current Liabilities Total	- 0.85	Net Tangible Assets
Non Currrent Assets Other	- 0.84	Property Plant Equipment
Total Current Assets	- 0.83	Non Current Liabilities Total
Long Term Debt	- 0.83	Net Receivables