Sinomach Income Before Tax vs Interest Income Analysis

600444 Stock   16.06  0.61  3.66%   
Sinomach General financial indicator trend analysis is much more than just breaking down Sinomach General Mac prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach General Mac is a good investment. Please check the relationship between Sinomach General 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 Sinomach General Machinery. 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 Sinomach General Mac Income Before Tax account and Interest Income. At this time, the significance of the direction appears to have no relationship.
The correlation between Sinomach General's Income Before Tax and Interest Income is 0.0. 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 Sinomach General Machinery, assuming nothing else is changed. The correlation between historical values of Sinomach General'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 Sinomach General Machinery 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., Sinomach General's Income Before Tax and Interest Income go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Sinomach General income statement and is an important metric when analyzing Sinomach General Mac 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 Sinomach General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach General Mac 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 General Machinery. 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 30.9 M, whereas Tax Provision is forecasted to decline to about 6.6 M.
 2021 2022 2023 2024 (projected)
Operating Income44.7M43.6M49.8M38.6M
Total Revenue841.9M787.8M755.0M509.4M

Sinomach General fundamental ratios Correlations

-0.250.50.890.650.940.820.330.50.940.50.530.390.9-0.470.8-0.810.830.820.170.81-0.72-0.70.18-0.17-0.74
-0.250.44-0.43-0.51-0.31-0.31-0.4-0.32-0.180.110.39-0.37-0.160.58-0.530.37-0.39-0.3-0.07-0.230.330.340.080.390.44
0.50.440.16-0.170.320.270.180.260.420.01.00.020.550.380.15-0.070.10.14-0.130.30.00.10.28-0.080.02
0.89-0.430.160.770.910.770.270.470.860.560.180.520.79-0.70.81-0.860.880.850.270.75-0.79-0.830.04-0.12-0.83
0.65-0.51-0.170.770.650.870.450.00.730.47-0.120.10.39-0.940.78-0.930.930.910.380.86-0.9-0.890.1-0.44-0.94
0.94-0.310.320.910.650.750.120.590.890.680.340.540.84-0.540.74-0.760.770.770.130.72-0.72-0.740.1-0.01-0.7
0.82-0.310.270.770.870.750.530.120.810.410.310.160.59-0.720.83-0.90.90.920.30.93-0.88-0.820.1-0.53-0.89
0.33-0.40.180.270.450.120.53-0.080.24-0.270.21-0.160.24-0.350.5-0.410.50.420.170.56-0.47-0.250.01-0.83-0.5
0.5-0.320.260.470.00.590.12-0.080.260.330.260.830.710.050.4-0.130.130.08-0.11-0.03-0.19-0.25-0.190.1-0.18
0.94-0.180.420.860.730.890.810.240.260.560.450.220.75-0.560.71-0.850.870.870.250.88-0.71-0.710.32-0.09-0.74
0.50.110.00.560.470.680.41-0.270.330.560.010.350.43-0.440.37-0.480.480.50.070.42-0.61-0.670.050.26-0.48
0.530.391.00.18-0.120.340.310.210.260.450.010.020.540.340.2-0.10.130.17-0.130.35-0.020.080.34-0.14-0.01
0.39-0.370.020.520.10.540.16-0.160.830.220.350.020.56-0.110.38-0.220.140.140.08-0.04-0.23-0.31-0.30.11-0.2
0.9-0.160.550.790.390.840.590.240.710.750.430.540.56-0.20.7-0.620.640.60.120.53-0.58-0.59-0.03-0.05-0.59
-0.470.580.38-0.7-0.94-0.54-0.72-0.350.05-0.56-0.440.34-0.11-0.2-0.670.8-0.81-0.78-0.27-0.710.810.82-0.020.350.84
0.8-0.530.150.810.780.740.830.50.40.710.370.20.380.7-0.67-0.780.830.720.010.72-0.79-0.810.17-0.5-0.88
-0.810.37-0.07-0.86-0.93-0.76-0.9-0.41-0.13-0.85-0.48-0.1-0.22-0.620.8-0.78-0.97-0.97-0.52-0.870.90.9-0.060.340.94
0.83-0.390.10.880.930.770.90.50.130.870.480.130.140.64-0.810.83-0.970.970.370.91-0.92-0.90.1-0.36-0.96
0.82-0.30.140.850.910.770.920.420.080.870.50.170.140.6-0.780.72-0.970.970.480.92-0.9-0.870.01-0.3-0.91
0.17-0.07-0.130.270.380.130.30.17-0.110.250.07-0.130.080.12-0.270.01-0.520.370.480.27-0.35-0.34-0.24-0.13-0.35
0.81-0.230.30.750.860.720.930.56-0.030.880.420.35-0.040.53-0.710.72-0.870.910.920.27-0.82-0.720.27-0.43-0.82
-0.720.330.0-0.79-0.9-0.72-0.88-0.47-0.19-0.71-0.61-0.02-0.23-0.580.81-0.790.9-0.92-0.9-0.35-0.820.950.130.430.96
-0.70.340.1-0.83-0.89-0.74-0.82-0.25-0.25-0.71-0.670.08-0.31-0.590.82-0.810.9-0.9-0.87-0.34-0.720.950.080.270.95
0.180.080.280.040.10.10.10.01-0.190.320.050.34-0.3-0.03-0.020.17-0.060.10.01-0.240.270.130.08-0.040.01
-0.170.39-0.08-0.12-0.44-0.01-0.53-0.830.1-0.090.26-0.140.11-0.050.35-0.50.34-0.36-0.3-0.13-0.430.430.27-0.040.47
-0.740.440.02-0.83-0.94-0.7-0.89-0.5-0.18-0.74-0.48-0.01-0.2-0.590.84-0.880.94-0.96-0.91-0.35-0.820.960.950.010.47
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Sinomach General Account Relationship Matchups

Sinomach General fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets921.6M1.2B1.2B1.1B1.3B788.1M
Other Current Liab112.5M298.1M289.0M25.0M38.3M36.4M
Total Current Liabilities326.0M561.6M563.0M464.1M565.2M431.3M
Total Stockholder Equity587.3M611.4M637.8M660.2M682.1M343.3M
Retained Earnings110.3M133.9M160.6M142.3M162.2M170.3M
Accounts Payable202.8M247.7M247.7M195.6M192.1M106.3M
Cash207.7M501.7M396.2M327.2M439.1M461.1M
Net Receivables288.9M175.3M179.5M175.9M180.0M165.8M
Inventory180.7M223.5M278.5M242.4M223.9M112.6M
Other Current Assets119.6M97.2M136.4M426.8K4.2M4.0M
Total Liab334.3M568.5M597.9M487.6M580.3M477.6M
Intangible Assets17.8M12.8M10.1M8.0M6.7M10.0M
Property Plant Equipment111.5M78.7M73.8M80.7M72.7M69.0M
Other Assets30.0M28.3M28.8M42.4M48.8M51.2M
Other Liab6.5M8.3M6.9M6.3M5.7M8.4M
Net Tangible Assets536.5M569.5M598.6M627.7M721.8M542.3M
Other Stockholder Equity1.4M1.5M2.0M1.6M1.9M1.3M
Deferred Long Term Liab11.9M7.5M6.6M6.2M7.1M6.5M
Total Current Assets796.8M1.1B1.1B932.3M1.1B924.7M
Non Current Assets Total124.8M115.5M148.3M215.5M113.0M132.4M
Non Currrent Assets Other71.0K719.7K15.1M76.6M69.0M43.1M
Non Current Liabilities Total8.3M6.9M34.9M23.4M15.1M17.0M
Net Invested Capital587.3M611.4M637.8M660.2M682.1M667.3M
Net Working Capital470.8M502.8M524.3M468.1M584.2M520.8M

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Other Information on Investing in Sinomach Stock

Balance Sheet is a snapshot of the financial position of Sinomach General Mac at a specified time, usually calculated after every quarter, six months, or one year. Sinomach General Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinomach General 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.