Panda Net Income vs Income Before Tax Analysis

600599 Stock

15.17 0.72 4.98%

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

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Panda Financial Holding Net Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.

The correlation between Panda Financial's Net Income and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Panda Financial Holding, assuming nothing else is changed. The correlation between historical values of Panda Financial's Net Income 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 Net Income of Panda Financial Holding 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 Net Income i.e., Panda Financial's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Panda Financial Holding financial statement analysis. It represents the amount of money remaining after all of Panda Financial Holding operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Panda Financial income statement and is an important metric when analyzing Panda Financial Holding 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 Panda Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Panda Financial Holding 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 Panda Financial Holding. 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 42.2 M, whereas Tax Provision is forecasted to decline to about 15.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	81.6M	106.8M	44.5M	39.7M
Total Revenue	289.2M	329.3M	228.4M	262.6M

Operating Income Total Revenue

Panda Financial 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	Long Term Debt	Other Assets	Short Term Investments	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.55	0.67	0.9	0.32	-0.1	0.55	0.31	-0.22	0.19	0.68	0.5	0.81	-0.16	-0.68	0.34	0.37	0.5	0.1	0.27	0.1	-0.33	0.1	0.54	-0.14	-0.33
Other Current Liab	0.55		0.81	0.25	0.5	-0.22	0.3	0.44	-0.05	-0.22	0.8	0.47	0.11	0.32	-0.13	0.49	0.7	-0.09	0.4	0.49	0.4	0.31	0.4	-0.04	0.53	0.18
Total Current Liabilities	0.67	0.81		0.29	0.34	0.06	0.4	0.4	0.03	-0.06	1.0	0.29	0.31	0.15	-0.42	0.35	0.6	0.23	0.09	0.31	0.09	0.0	0.09	0.27	0.25	-0.03
Total Stockholder Equity	0.9	0.25	0.29		0.24	-0.15	0.47	0.17	-0.28	0.3	0.29	0.46	0.86	-0.28	-0.64	0.23	0.14	0.5	0.1	0.19	0.1	-0.42	0.1	0.53	-0.32	-0.41
Retained Earnings	0.32	0.5	0.34	0.24		-0.01	-0.1	0.01	0.03	0.28	0.34	0.34	-0.12	0.34	0.08	0.46	0.49	-0.35	0.67	0.87	0.67	0.4	0.67	-0.13	0.52	0.36
Accounts Payable	-0.1	-0.22	0.06	-0.15	-0.01		-0.08	-0.13	0.65	0.05	0.03	-0.43	0.14	0.23	-0.47	-0.04	0.18	-0.19	0.03	0.12	0.03	0.01	0.03	-0.13	-0.06	0.05
Cash	0.55	0.3	0.4	0.47	-0.1	-0.08		0.13	-0.28	-0.3	0.4	0.47	0.47	-0.42	-0.32	0.02	0.01	0.46	-0.4	-0.09	-0.4	-0.41	-0.4	0.45	-0.22	-0.33
Net Receivables	0.31	0.44	0.4	0.17	0.01	-0.13	0.13		-0.23	-0.23	0.41	0.36	0.19	0.04	-0.21	0.39	0.4	0.07	0.31	-0.08	0.31	0.16	0.31	-0.03	0.19	0.06
Inventory	-0.22	-0.05	0.03	-0.28	0.03	0.65	-0.28	-0.23		0.16	0.01	-0.46	-0.05	0.66	-0.24	0.17	0.46	-0.61	-0.02	0.05	-0.02	0.47	-0.02	-0.56	0.39	0.49
Other Current Assets	0.19	-0.22	-0.06	0.3	0.28	0.05	-0.3	-0.23	0.16		-0.07	-0.29	0.2	0.27	-0.16	-0.19	-0.06	0.08	0.05	0.19	0.05	-0.2	0.05	0.22	-0.2	-0.22
Total Liab	0.68	0.8	1.0	0.29	0.34	0.03	0.4	0.41	0.01	-0.07		0.32	0.31	0.13	-0.41	0.38	0.59	0.25	0.07	0.3	0.07	0.0	0.07	0.27	0.26	-0.01
Intangible Assets	0.5	0.47	0.29	0.46	0.34	-0.43	0.47	0.36	-0.46	-0.29	0.32		0.24	-0.07	-0.06	0.7	0.41	0.05	0.11	0.19	0.11	0.2	0.11	-0.02	0.34	0.2
Common Stock	0.81	0.11	0.31	0.86	-0.12	0.14	0.47	0.19	-0.05	0.2	0.31	0.24		-0.27	-0.9	0.15	0.16	0.54	-0.12	-0.06	-0.12	-0.48	-0.12	0.48	-0.42	-0.46
Property Plant Equipment	-0.16	0.32	0.15	-0.28	0.34	0.23	-0.42	0.04	0.66	0.27	0.13	-0.07	-0.27		0.08	0.39	0.67	-0.74	0.35	0.34	0.35	0.73	0.35	-0.68	0.71	0.58
Long Term Debt	-0.68	-0.13	-0.42	-0.64	0.08	-0.47	-0.32	-0.21	-0.24	-0.16	-0.41	-0.06	-0.9	0.08		-0.22	-0.35	-0.34	0.06	0.01	0.06	0.31	0.06	-0.3	0.27	0.3
Other Assets	0.34	0.49	0.35	0.23	0.46	-0.04	0.02	0.39	0.17	-0.19	0.38	0.7	0.15	0.39	-0.22		0.84	-0.44	0.32	0.34	0.32	0.68	0.32	-0.51	0.74	0.69
Short Term Investments	0.37	0.7	0.6	0.14	0.49	0.18	0.01	0.4	0.46	-0.06	0.59	0.41	0.16	0.67	-0.35	0.84		-0.51	0.38	0.42	0.38	0.68	0.38	-0.51	0.77	0.6
Other Liab	0.5	-0.09	0.23	0.5	-0.35	-0.19	0.46	0.07	-0.61	0.08	0.25	0.05	0.54	-0.74	-0.34	-0.44	-0.51		-0.41	-0.33	-0.41	-0.92	-0.41	0.95	-0.82	-0.86
Good Will	0.1	0.4	0.09	0.1	0.67	0.03	-0.4	0.31	-0.02	0.05	0.07	0.11	-0.12	0.35	0.06	0.32	0.38	-0.41		0.75	1.0	0.45	1.0	-0.29	0.41	0.28
Net Tangible Assets	0.27	0.49	0.31	0.19	0.87	0.12	-0.09	-0.08	0.05	0.19	0.3	0.19	-0.06	0.34	0.01	0.34	0.42	-0.33	0.75		0.75	0.34	0.75	-0.13	0.46	0.28
Other Stockholder Equity	0.1	0.4	0.09	0.1	0.67	0.03	-0.4	0.31	-0.02	0.05	0.07	0.11	-0.12	0.35	0.06	0.32	0.38	-0.41	1.0	0.75		0.45	1.0	-0.29	0.41	0.28
Deferred Long Term Liab	-0.33	0.31	0.0	-0.42	0.4	0.01	-0.41	0.16	0.47	-0.2	0.0	0.2	-0.48	0.73	0.31	0.68	0.68	-0.92	0.45	0.34	0.45		0.45	-0.93	0.95	0.94
Long Term Investments	0.1	0.4	0.09	0.1	0.67	0.03	-0.4	0.31	-0.02	0.05	0.07	0.11	-0.12	0.35	0.06	0.32	0.38	-0.41	1.0	0.75	1.0	0.45		-0.29	0.41	0.28
Total Current Assets	0.54	-0.04	0.27	0.53	-0.13	-0.13	0.45	-0.03	-0.56	0.22	0.27	-0.02	0.48	-0.68	-0.3	-0.51	-0.51	0.95	-0.29	-0.13	-0.29	-0.93	-0.29		-0.8	-0.89
Non Current Assets Total	-0.14	0.53	0.25	-0.32	0.52	-0.06	-0.22	0.19	0.39	-0.2	0.26	0.34	-0.42	0.71	0.27	0.74	0.77	-0.82	0.41	0.46	0.41	0.95	0.41	-0.8		0.91
Non Currrent Assets Other	-0.33	0.18	-0.03	-0.41	0.36	0.05	-0.33	0.06	0.49	-0.22	-0.01	0.2	-0.46	0.58	0.3	0.69	0.6	-0.86	0.28	0.28	0.28	0.94	0.28	-0.89	0.91

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Panda Financial Account Relationship Matchups

Panda Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	752.3M	786.7M	919.1M	990.1M	795.3M	727.5M
Other Current Liab	35.7M	32.7M	48.1M	784.3K	782K	742.9K
Total Current Liabilities	173.4M	161.6M	216.3M	202.3M	195.9M	225.6M
Total Stockholder Equity	579.0M	625.1M	697.1M	787.3M	576.8M	476.4M
Retained Earnings	(103.0M)	(56.9M)	15.1M	88.1M	(124.2M)	(118.0M)
Accounts Payable	41.3M	34.7M	71.3M	47.1M	53.7M	40.3M
Cash	230.6M	31.7M	371.9M	161.3M	390.8M	410.4M
Net Receivables	463.9M	20.3M	36.7M	44.9M	47.5M	45.1M
Inventory	12.7M	19.6M	34.2M	19.7M	26.9M	36.8M
Other Current Assets	2.1M	1.5M	1.9M	687.7M	120.8M	104.8M
Total Liab	173.4M	161.6M	217.1M	202.8M	199.1M	235.9M
Intangible Assets	9.1M	8.9M	8.6M	8.4M	8.2M	14.9M
Property Plant Equipment	72.6M	1.2M	711.9K	6.1M	5.5M	5.3M
Other Assets	33.4M	7.9M	6.4M	2.5M	2.9M	2.7M
Short Term Investments	101.3M	62.3M	24.8M	18.4M	16.6M	15.8M
Net Tangible Assets	648.5M	569.8M	616.2M	688.4M	619.6M	519.1M
Deferred Long Term Liab	6.7M	6.0M	5.8M	1.6M	1.5M	1.4M
Total Current Assets	734.1M	770.7M	896.8M	970.0M	770.6M	848.8M
Non Current Assets Total	18.2M	15.9M	22.3M	20.1M	24.7M	23.5M
Short Long Term Debt	90.2M	90.1M	89.2M	85.1M	80.1M	108.0M
Net Invested Capital	669.2M	715.2M	786.2M	872.4M	657.0M	627.5M
Net Working Capital	560.8M	609.2M	680.5M	767.6M	574.7M	644.8M

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Other Information on Investing in Panda Stock

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

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Panda Net Income vs Income Before Tax Analysis

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Net Income

Income Before Tax

Panda Financial fundamental ratios Correlations

Panda Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Panda Financial fundamental ratios Accounts

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Other Information on Investing in Panda Stock

COMMON DESTINATIONS

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Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Good Will
Long Term Investments	+ 1.0	Good Will
Long Term Investments	+ 1.0	Other Stockholder Equity
Total Current Assets	+ 0.95	Other Liab
Non Current Assets Total	+ 0.95	Deferred Long Term Liab

Total Current Assets	- 0.93	Deferred Long Term Liab
Deferred Long Term Liab	- 0.92	Other Liab
Long Term Debt	- 0.9	Common Stock
Non Currrent Assets Other	- 0.89	Total Current Assets
Non Currrent Assets Other	- 0.86	Other Liab
Non Current Assets Total	- 0.82	Other Liab