Tianjin Net Income vs Income Before Tax Analysis

600874 Stock

6.07 0.04 0.66%

Tianjin Capital financial indicator trend analysis is much more than just breaking down Tianjin Capital Envi prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianjin Capital Envi is a good investment. Please check the relationship between Tianjin Capital 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 Tianjin Capital Environmental. 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 Tianjin Capital Envi Net Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.

The correlation between Tianjin Capital's Net Income and Income Before Tax is 0.99. 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 Tianjin Capital Environmental, assuming nothing else is changed. The correlation between historical values of Tianjin Capital'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 Tianjin Capital Environmental 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., Tianjin Capital's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Tianjin Capital Envi financial statement analysis. It represents the amount of money remaining after all of Tianjin Capital Environmental 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 Tianjin Capital income statement and is an important metric when analyzing Tianjin Capital Envi 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 Tianjin Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Capital Envi 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 Tianjin Capital Environmental. 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 74.3 M, whereas Tax Provision is forecasted to decline to about 174.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.5B	1.8B	1.2B
Total Revenue	4.5B	4.5B	4.7B	3.5B

Gross Profit Total Revenue

Tianjin Capital fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Non Current Liabilities Other
Total Assets		-0.55	0.84	0.98	0.82	-0.38	1.0	0.89	0.89	0.84	0.98	0.93	0.04	-0.23	1.0	0.92	-0.86	0.94	-0.81	0.89	0.68	0.96	0.99	0.57	0.99	-0.98
Other Current Liab	-0.55		-0.39	-0.65	-0.37	-0.31	-0.55	-0.74	-0.64	-0.74	-0.54	-0.55	-0.5	-0.3	-0.51	-0.52	0.45	-0.63	0.32	-0.32	-0.79	-0.5	-0.53	-0.25	-0.54	0.64
Total Current Liabilities	0.84	-0.39		0.83	0.73	-0.33	0.8	0.78	0.75	0.7	0.76	0.79	0.07	-0.28	0.84	0.76	-0.6	0.78	-0.52	0.78	0.7	0.83	0.84	0.61	0.79	-0.81
Total Stockholder Equity	0.98	-0.65	0.83		0.79	-0.23	0.98	0.92	0.92	0.88	0.96	0.94	0.18	-0.08	0.97	0.87	-0.84	0.96	-0.77	0.82	0.78	0.96	0.97	0.58	0.96	-0.97
Other Liab	0.82	-0.37	0.73	0.79		-0.48	0.83	0.69	0.73	0.6	0.72	0.89	-0.37	-0.09	0.83	0.78	-0.9	0.83	-0.9	0.84	0.47	0.65	0.8	0.62	0.75	-0.82
Net Tangible Assets	-0.38	-0.31	-0.33	-0.23	-0.48		-0.38	-0.06	-0.13	0.09	-0.36	-0.29	0.76	0.69	-0.42	-0.56	0.45	-0.18	0.51	-0.73	0.25	-0.27	-0.41	0.1	-0.38	0.39
Retained Earnings	1.0	-0.55	0.8	0.98	0.83	-0.38		0.88	0.9	0.85	0.98	0.92	0.01	-0.22	0.99	0.91	-0.89	0.94	-0.83	0.88	0.64	0.94	0.99	0.59	0.99	-0.97
Accounts Payable	0.89	-0.74	0.78	0.92	0.69	-0.06	0.88		0.82	0.97	0.87	0.85	0.26	-0.13	0.88	0.84	-0.77	0.87	-0.65	0.72	0.81	0.86	0.9	0.57	0.89	-0.89
Cash	0.89	-0.64	0.75	0.92	0.73	-0.13	0.9	0.82		0.8	0.87	0.87	0.17	0.02	0.88	0.75	-0.72	0.96	-0.66	0.69	0.67	0.84	0.85	0.62	0.88	-0.89
Other Assets	0.84	-0.74	0.7	0.88	0.6	0.09	0.85	0.97	0.8		0.84	0.77	0.38	-0.06	0.83	0.73	-0.69	0.83	-0.56	0.6	0.79	0.84	0.85	0.64	0.85	-0.82
Long Term Debt	0.98	-0.54	0.76	0.96	0.72	-0.36	0.98	0.87	0.87	0.84		0.88	0.11	-0.27	0.98	0.9	-0.82	0.9	-0.77	0.85	0.64	0.97	0.98	0.49	1.0	-0.95
Net Receivables	0.93	-0.55	0.79	0.94	0.89	-0.29	0.92	0.85	0.87	0.77	0.88		0.01	-0.01	0.92	0.83	-0.89	0.97	-0.86	0.82	0.73	0.86	0.9	0.54	0.89	-0.93
Inventory	0.04	-0.5	0.07	0.18	-0.37	0.76	0.01	0.26	0.17	0.38	0.11	0.01		0.43	0.0	-0.15	0.24	0.12	0.35	-0.34	0.59	0.25	0.02	0.07	0.06	-0.02
Other Current Assets	-0.23	-0.3	-0.28	-0.08	-0.09	0.69	-0.22	-0.13	0.02	-0.06	-0.27	-0.01	0.43		-0.28	-0.46	0.09	0.03	0.07	-0.48	0.27	-0.24	-0.31	0.11	-0.31	0.22
Total Liab	1.0	-0.51	0.84	0.97	0.83	-0.42	0.99	0.88	0.88	0.83	0.98	0.92	0.0	-0.28		0.92	-0.86	0.93	-0.81	0.9	0.64	0.95	1.0	0.57	0.99	-0.97
Long Term Investments	0.92	-0.52	0.76	0.87	0.78	-0.56	0.91	0.84	0.75	0.73	0.9	0.83	-0.15	-0.46	0.92		-0.82	0.8	-0.76	0.96	0.54	0.83	0.94	0.3	0.93	-0.96
Short Long Term Debt	-0.86	0.45	-0.6	-0.84	-0.9	0.45	-0.89	-0.77	-0.72	-0.69	-0.82	-0.89	0.24	0.09	-0.86	-0.82		-0.83	0.98	-0.86	-0.49	-0.73	-0.86	-0.5	-0.83	0.86
Total Current Assets	0.94	-0.63	0.78	0.96	0.83	-0.18	0.94	0.87	0.96	0.83	0.9	0.97	0.12	0.03	0.93	0.8	-0.83		-0.79	0.76	0.74	0.88	0.9	0.62	0.91	-0.93
Short Term Debt	-0.81	0.32	-0.52	-0.77	-0.9	0.51	-0.83	-0.65	-0.66	-0.56	-0.77	-0.86	0.35	0.07	-0.81	-0.76	0.98	-0.79		-0.82	-0.38	-0.67	-0.79	-0.45	-0.77	0.79
Intangible Assets	0.89	-0.32	0.78	0.82	0.84	-0.73	0.88	0.72	0.69	0.6	0.85	0.82	-0.34	-0.48	0.9	0.96	-0.86	0.76	-0.82		0.42	0.79	0.91	0.33	0.88	-0.91
Common Stock	0.68	-0.79	0.7	0.78	0.47	0.25	0.64	0.81	0.67	0.79	0.64	0.73	0.59	0.27	0.64	0.54	-0.49	0.74	-0.38	0.42		0.72	0.66	0.41	0.63	-0.69
Property Plant Equipment	0.96	-0.5	0.83	0.96	0.65	-0.27	0.94	0.86	0.84	0.84	0.97	0.86	0.25	-0.24	0.95	0.83	-0.73	0.88	-0.67	0.79	0.72		0.96	0.52	0.96	-0.91
Non Current Assets Total	0.99	-0.53	0.84	0.97	0.8	-0.41	0.99	0.9	0.85	0.85	0.98	0.9	0.02	-0.31	1.0	0.94	-0.86	0.9	-0.79	0.91	0.66	0.96		0.54	0.99	-0.97
Non Currrent Assets Other	0.57	-0.25	0.61	0.58	0.62	0.1	0.59	0.57	0.62	0.64	0.49	0.54	0.07	0.11	0.57	0.3	-0.5	0.62	-0.45	0.33	0.41	0.52	0.54		0.51	-0.45
Non Current Liabilities Total	0.99	-0.54	0.79	0.96	0.75	-0.38	0.99	0.89	0.88	0.85	1.0	0.89	0.06	-0.31	0.99	0.93	-0.83	0.91	-0.77	0.88	0.63	0.96	0.99	0.51		-0.97
Non Current Liabilities Other	-0.98	0.64	-0.81	-0.97	-0.82	0.39	-0.97	-0.89	-0.89	-0.82	-0.95	-0.93	-0.02	0.22	-0.97	-0.96	0.86	-0.93	0.79	-0.91	-0.69	-0.91	-0.97	-0.45	-0.97

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Tianjin Capital Account Relationship Matchups

Tianjin Capital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.0B	18.8B	21.1B	23.0B	24.5B	18.8B
Other Current Liab	2.1B	1.5B	1.5B	490K	1.5M	1.4M
Total Current Liabilities	3.5B	3.5B	3.2B	3.3B	4.3B	3.4B
Total Stockholder Equity	6.2B	6.6B	7.1B	8.5B	9.1B	7.0B
Other Liab	2.3B	2.2B	2.1B	2.1B	2.4B	2.2B
Net Tangible Assets	(5.6B)	(5.4B)	(3.6B)	(2.0B)	(1.8B)	(1.9B)
Retained Earnings	4.3B	4.7B	5.3B	5.8B	5.7B	4.7B
Accounts Payable	231.3M	295.0M	429.5M	511.2M	668.9M	702.3M
Cash	2.1B	1.7B	2.1B	3.3B	2.6B	2.2B
Other Assets	436.6M	2.0B	4.3B	4.9B	5.6B	5.9B
Long Term Debt	4.8B	5.3B	7.4B	8.0B	7.9B	5.1B
Net Receivables	2.6B	2.0B	2.3B	2.7B	3.3B	2.5B
Inventory	14.8M	17.5M	21.8M	31.1M	35.7M	25.0M
Other Current Assets	111.1M	108.4M	71.7M	261.7M	257.2M	159.4M
Total Liab	10.8B	11.2B	13.0B	13.5B	14.2B	11.0B
Total Current Assets	4.8B	3.8B	4.8B	6.3B	6.2B	5.0B
Intangible Assets	11.8B	12.0B	10.3B	10.1B	10.9B	10.4B
Property Plant Equipment	801.0M	819.4M	1.0B	1.1B	1.2B	753.3M
Non Current Assets Total	13.2B	15.0B	16.2B	16.6B	18.2B	14.6B
Non Currrent Assets Other	195.9M	331.0M	450.9M	420.9M	413.6M	372.3M
Non Current Liabilities Total	7.3B	7.7B	9.8B	10.1B	9.9B	8.1B
Non Current Liabilities Other	47.7M	47.7M	47.2M	30M	28M	39.8M
Net Debt	2.9B	3.7B	5.5B	4.7B	5.3B	3.8B
Net Invested Capital	11.2B	11.9B	14.7B	16.5B	17.0B	13.8B
Net Working Capital	1.2B	278.6M	1.6B	3.0B	1.9B	1.7B

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Other Information on Investing in Tianjin Stock

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

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Tianjin 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

Tianjin Capital fundamental ratios Correlations

Tianjin Capital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tianjin Capital fundamental ratios Accounts

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Other Information on Investing in Tianjin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Long Term Debt
Non Current Assets Total	+ 1.0	Total Liab
Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Non Current Liabilities Other	- 0.98	Total Assets
Non Current Liabilities Other	- 0.97	Non Current Liabilities Total
Non Current Liabilities Other	- 0.97	Non Current Assets Total
Non Current Liabilities Other	- 0.97	Total Liab
Non Current Liabilities Other	- 0.97	Retained Earnings
Non Current Liabilities Other	- 0.97	Total Stockholder Equity