Xiamen Income Before Tax vs Research Development Analysis

600755 Stock

6.63 0.02 0.30%

Xiamen ITG financial indicator trend analysis is more than just analyzing Xiamen ITG Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen ITG Group is a good investment. Please check the relationship between Xiamen ITG Income Before Tax and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen ITG Group. 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 Research Development

Income Before Tax vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen ITG Group Income Before Tax account and Research Development. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Xiamen ITG's Income Before Tax and Research Development is -0.03. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Research Development in the same time period over historical financial statements of Xiamen ITG Group, assuming nothing else is changed. The correlation between historical values of Xiamen ITG's Income Before Tax and Research Development 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 Xiamen ITG Group are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Income Before Tax i.e., Xiamen ITG's Income Before Tax and Research Development go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

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

Research Development

Most indicators from Xiamen ITG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen ITG Group 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 Xiamen ITG Group. 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 922.2 M, whereas Selling General Administrative is forecasted to decline to about 1.2 B.

	2021	2022	2023	2024 (projected)
Operating Income	5.5B	6.8B	3.9B	4.1B
Total Revenue	464.8B	521.9B	468.2B	491.7B

Operating Income Total Revenue

Xiamen ITG fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.47	0.99	0.98	0.87	0.92	0.93	0.82	0.63	0.65	0.77	0.6	1.0	0.53	0.88	0.84	0.98	0.78	0.45	0.94	0.88	-0.12	0.86	0.89	0.96	0.89
Other Current Liab	0.47		0.45	0.43	0.52	0.12	0.3	0.52	0.5	0.28	0.79	0.86	0.48	-0.47	0.29	-0.02	0.38	0.83	-0.54	0.46	0.57	0.26	0.52	0.37	0.51	0.57
Total Current Liabilities	0.99	0.45		0.97	0.84	0.93	0.94	0.79	0.57	0.67	0.74	0.61	0.99	0.54	0.9	0.86	0.99	0.77	0.45	0.92	0.85	-0.16	0.84	0.88	0.95	0.86
Total Stockholder Equity	0.98	0.43	0.97		0.85	0.92	0.89	0.87	0.55	0.73	0.72	0.56	0.97	0.56	0.87	0.84	0.97	0.77	0.48	0.96	0.93	-0.07	0.9	0.88	0.94	0.92
Other Liab	0.87	0.52	0.84	0.85		0.71	0.72	0.78	0.72	0.7	0.79	0.46	0.86	0.4	0.72	0.59	0.77	0.72	0.35	0.82	0.88	0.31	0.81	0.79	0.82	0.81
Accounts Payable	0.92	0.12	0.93	0.92	0.71		0.95	0.67	0.41	0.58	0.49	0.38	0.91	0.77	0.86	0.98	0.96	0.55	0.7	0.86	0.73	-0.33	0.72	0.82	0.87	0.75
Cash	0.93	0.3	0.94	0.89	0.72	0.95		0.61	0.44	0.49	0.57	0.58	0.93	0.58	0.81	0.92	0.97	0.66	0.5	0.85	0.7	-0.34	0.7	0.85	0.92	0.74
Other Assets	0.82	0.52	0.79	0.87	0.78	0.67	0.61		0.57	0.78	0.75	0.52	0.8	0.31	0.69	0.56	0.75	0.73	0.25	0.86	0.95	0.2	0.92	0.77	0.77	0.92
Long Term Debt	0.63	0.5	0.57	0.55	0.72	0.41	0.44	0.57		0.21	0.81	0.32	0.66	0.17	0.42	0.27	0.46	0.57	0.13	0.53	0.63	0.19	0.56	0.58	0.64	0.6
Net Receivables	0.65	0.28	0.67	0.73	0.7	0.58	0.49	0.78	0.21		0.48	0.25	0.63	0.43	0.71	0.56	0.62	0.41	0.41	0.68	0.76	0.41	0.74	0.65	0.52	0.67
Inventory	0.77	0.79	0.74	0.72	0.79	0.49	0.57	0.75	0.81	0.48		0.67	0.79	0.03	0.62	0.36	0.65	0.85	-0.04	0.75	0.8	0.16	0.78	0.72	0.78	0.83
Other Current Assets	0.6	0.86	0.61	0.56	0.46	0.38	0.58	0.52	0.32	0.25	0.67		0.59	-0.3	0.39	0.29	0.6	0.85	-0.39	0.6	0.56	-0.1	0.57	0.53	0.68	0.64
Total Liab	1.0	0.48	0.99	0.97	0.86	0.91	0.93	0.8	0.66	0.63	0.79	0.59		0.52	0.89	0.83	0.97	0.78	0.44	0.92	0.86	-0.13	0.84	0.89	0.95	0.87
Intangible Assets	0.53	-0.47	0.54	0.56	0.4	0.77	0.58	0.31	0.17	0.43	0.03	-0.3	0.52		0.62	0.81	0.58	-0.03	0.99	0.47	0.34	-0.28	0.34	0.48	0.42	0.31
Common Stock	0.88	0.29	0.9	0.87	0.72	0.86	0.81	0.69	0.42	0.71	0.62	0.39	0.89	0.62		0.84	0.89	0.56	0.56	0.76	0.7	-0.14	0.68	0.7	0.74	0.68
Property Plant Equipment	0.84	-0.02	0.86	0.84	0.59	0.98	0.92	0.56	0.27	0.56	0.36	0.29	0.83	0.81	0.84		0.9	0.41	0.75	0.78	0.61	-0.37	0.63	0.78	0.79	0.64
Retained Earnings	0.98	0.38	0.99	0.97	0.77	0.96	0.97	0.75	0.46	0.62	0.65	0.6	0.97	0.58	0.89	0.9		0.74	0.49	0.92	0.81	-0.27	0.81	0.85	0.94	0.84
Short Term Investments	0.78	0.83	0.77	0.77	0.72	0.55	0.66	0.73	0.57	0.41	0.85	0.85	0.78	-0.03	0.56	0.41	0.74		-0.12	0.81	0.8	-0.04	0.8	0.65	0.83	0.85
Good Will	0.45	-0.54	0.45	0.48	0.35	0.7	0.5	0.25	0.13	0.41	-0.04	-0.39	0.44	0.99	0.56	0.75	0.49	-0.12		0.4	0.28	-0.22	0.28	0.41	0.34	0.24
Net Tangible Assets	0.94	0.46	0.92	0.96	0.82	0.86	0.85	0.86	0.53	0.68	0.75	0.6	0.92	0.47	0.76	0.78	0.92	0.81	0.4		0.94	-0.06	0.96	0.91	0.95	0.97
Other Stockholder Equity	0.88	0.57	0.85	0.93	0.88	0.73	0.7	0.95	0.63	0.76	0.8	0.56	0.86	0.34	0.7	0.61	0.81	0.8	0.28	0.94		0.22	0.96	0.84	0.87	0.96
Deferred Long Term Liab	-0.12	0.26	-0.16	-0.07	0.31	-0.33	-0.34	0.2	0.19	0.41	0.16	-0.1	-0.13	-0.28	-0.14	-0.37	-0.27	-0.04	-0.22	-0.06	0.22		0.14	-0.02	-0.15	0.05
Long Term Investments	0.86	0.52	0.84	0.9	0.81	0.72	0.7	0.92	0.56	0.74	0.78	0.57	0.84	0.34	0.68	0.63	0.81	0.8	0.28	0.96	0.96	0.14		0.87	0.88	0.98
Short Long Term Debt	0.89	0.37	0.88	0.88	0.79	0.82	0.85	0.77	0.58	0.65	0.72	0.53	0.89	0.48	0.7	0.78	0.85	0.65	0.41	0.91	0.84	-0.02	0.87		0.91	0.89
Total Current Assets	0.96	0.51	0.95	0.94	0.82	0.87	0.92	0.77	0.64	0.52	0.78	0.68	0.95	0.42	0.74	0.79	0.94	0.83	0.34	0.95	0.87	-0.15	0.88	0.91		0.91
Short Term Debt	0.89	0.57	0.86	0.92	0.81	0.75	0.74	0.92	0.6	0.67	0.83	0.64	0.87	0.31	0.68	0.64	0.84	0.85	0.24	0.97	0.96	0.05	0.98	0.89	0.91

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Xiamen ITG Account Relationship Matchups

Xiamen ITG fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	89.5B	113.4B	97.7B	112.9B	113.1B	118.8B
Other Current Liab	28.0B	33.6B	30.1B	27.5B	2.0B	1.9B
Total Current Liabilities	54.2B	63.8B	59.2B	73.0B	68.6B	72.0B
Total Stockholder Equity	24.8B	26.2B	29.1B	30.2B	32.6B	34.3B
Other Liab	472.2M	770.5M	379.3M	500.9M	576.0M	604.8M
Accounts Payable	12.8B	17.2B	19.7B	25.1B	31.1B	32.6B
Cash	6.7B	12.4B	10.8B	17.9B	14.3B	15.1B
Other Assets	5.4B	4.6B	4.9B	4.3B	4.9B	5.1B
Long Term Debt	7.5B	14.0B	2.5B	1.2B	4.9B	5.1B
Net Receivables	8.9B	3.8B	5.6B	9.1B	10.0B	10.5B
Inventory	39.7B	50.0B	31.4B	29.3B	31.6B	17.0B
Other Current Assets	12.9B	18.5B	21.4B	28.4B	2.4B	2.3B
Total Liab	62.0B	78.6B	62.2B	74.8B	74.5B	78.2B
Intangible Assets	126.9M	140.6M	138.0M	302.7M	4.5B	4.7B
Common Stock	1.9B	1.9B	2.1B	2.2B	2.5B	2.7B
Property Plant Equipment	2.2B	2.6B	3.2B	5.2B	6.0B	6.3B
Retained Earnings	8.7B	10.4B	12.5B	14.4B	13.3B	14.0B
Short Term Investments	2.8B	3.6B	4.3B	3.1B	1.6B	1.1B
Net Tangible Assets	24.6B	26.0B	29.0B	29.9B	34.4B	24.8B
Other Stockholder Equity	11.3B	10.4B	9.9B	9.3B	10.7B	9.7B
Deferred Long Term Liab	43.1M	44.5M	24.5M	33.5M	30.1M	35.7M
Short Long Term Debt	10.8B	11.3B	4.1B	14.8B	14.8B	9.2B
Total Current Assets	72.0B	94.6B	80.5B	93.6B	87.4B	77.6B
Non Current Assets Total	17.4B	18.8B	17.3B	19.3B	25.8B	18.0B
Non Currrent Assets Other	788.0M	775.2M	81.5M	48.5M	320.5M	481.8M
Non Current Liabilities Total	7.8B	14.7B	3.0B	1.8B	5.9B	6.4B
Non Current Liabilities Other	26.7M	18.7M	17.1M	83.5M	100.4M	60.5M
Net Debt	7.6B	11.4B	12.8B	5.3B	6.1B	9.6B
Common Stock Shares Outstanding	1.9B	1.9B	2.1B	2.2B	2.2B	2.2B
Net Invested Capital	42.8B	51.5B	35.7B	46.2B	52.3B	47.0B
Net Working Capital	17.8B	30.8B	21.3B	20.6B	18.8B	22.7B
Capital Stock	2.0B	2.1B	2.1B	2.2B	2.2B	2.3B

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Other Information on Investing in Xiamen Stock

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

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Xiamen Income Before Tax vs Research Development Analysis

Income Before Tax vs Research Development

Income Before Tax vs Research Development Correlation Analysis

Correlation Coefficient

Income Before Tax

Research Development

Xiamen ITG fundamental ratios Correlations

Xiamen ITG Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xiamen ITG fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Xiamen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Current Liabilities
Good Will	+ 0.99	Intangible Assets
Total Stockholder Equity	+ 0.98	Total Assets

Good Will	- 0.54	Other Current Liab
Intangible Assets	- 0.47	Other Current Liab
Good Will	- 0.39	Other Current Assets
Deferred Long Term Liab	- 0.37	Property Plant Equipment
Deferred Long Term Liab	- 0.34	Cash
Deferred Long Term Liab	- 0.33	Accounts Payable