Chongqing Total Operating Expenses vs Operating Income Analysis

601127 Stock   133.96  1.96  1.48%   
Chongqing Sokon financial indicator trend analysis is way more than just evaluating Chongqing Sokon Ind prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Sokon Ind is a good investment. Please check the relationship between Chongqing Sokon Total Operating Expenses and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Sokon Ind. 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.

Total Operating Expenses vs Operating Income

Total Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Sokon Ind Total Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chongqing Sokon's Total Operating Expenses and Operating Income is 0.66. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Chongqing Sokon Ind, assuming nothing else is changed. The correlation between historical values of Chongqing Sokon's Total Operating Expenses and Operating 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 Total Operating Expenses of Chongqing Sokon Ind are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Operating Expenses i.e., Chongqing Sokon's Total Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Operating Income

Operating Income is the amount of profit realized from Chongqing Sokon Ind operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Chongqing Sokon Ind is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Chongqing Sokon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Sokon Ind 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 Chongqing Sokon Ind. 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 20.6 B, whereas Tax Provision is forecasted to decline to about 138.2 M.
 2022 2023 2024 2025 (projected)
Cost Of Revenue30.2B32.3B107.2B112.6B
Research Development1.3B1.7B5.6B5.9B

Chongqing Sokon fundamental ratios Correlations

-0.380.990.920.86-0.590.990.970.480.03-0.140.190.60.921.00.890.710.620.35-0.250.630.680.40.980.60.83
-0.38-0.42-0.36-0.370.64-0.45-0.440.370.560.650.52-0.25-0.35-0.4-0.41-0.26-0.110.370.71-0.060.230.42-0.410.21-0.35
0.99-0.420.880.82-0.581.00.990.39-0.07-0.160.120.530.941.00.850.660.550.28-0.30.550.610.310.990.530.79
0.92-0.360.880.95-0.780.860.820.610.15-0.170.260.860.70.90.970.860.780.52-0.250.760.790.540.840.750.92
0.86-0.370.820.95-0.730.790.740.60.17-0.360.210.850.680.850.980.890.860.36-0.320.850.770.580.770.760.93
-0.590.64-0.58-0.78-0.73-0.57-0.51-0.190.20.480.13-0.79-0.33-0.6-0.8-0.72-0.55-0.250.58-0.47-0.38-0.11-0.52-0.4-0.75
0.99-0.451.00.860.79-0.570.990.34-0.11-0.180.080.490.960.990.830.630.510.24-0.320.510.570.261.00.480.76
0.97-0.440.990.820.74-0.510.990.3-0.14-0.160.080.430.960.980.770.570.440.22-0.30.450.520.231.00.420.71
0.480.370.390.610.6-0.190.340.30.810.310.740.70.270.440.590.660.830.740.460.860.940.880.350.950.67
0.030.56-0.070.150.170.2-0.11-0.140.810.390.830.36-0.11-0.020.150.190.520.570.810.590.580.7-0.090.610.25
-0.140.65-0.16-0.17-0.360.48-0.18-0.160.310.390.39-0.23-0.16-0.16-0.32-0.26-0.210.50.64-0.190.170.22-0.120.12-0.29
0.190.520.120.260.210.130.080.080.740.830.390.310.070.160.190.230.430.680.770.470.60.650.120.570.26
0.6-0.250.530.860.85-0.790.490.430.70.36-0.230.310.280.580.860.880.890.58-0.150.850.770.630.470.820.87
0.92-0.350.940.70.68-0.330.960.960.27-0.11-0.160.070.280.930.690.470.390.11-0.250.420.470.20.960.370.63
1.0-0.41.00.90.85-0.60.990.980.44-0.02-0.160.160.580.930.880.690.590.31-0.270.590.650.350.990.570.82
0.89-0.410.850.970.98-0.80.830.770.590.15-0.320.190.860.690.880.870.830.37-0.310.820.750.510.80.740.95
0.71-0.260.660.860.89-0.720.630.570.660.19-0.260.230.880.470.690.870.910.49-0.250.830.820.540.60.830.93
0.62-0.110.550.780.86-0.550.510.440.830.52-0.210.430.890.390.590.830.910.490.020.980.860.690.480.90.91
0.350.370.280.520.36-0.250.240.220.740.570.50.680.580.110.310.370.490.490.380.440.720.610.280.70.44
-0.250.71-0.3-0.25-0.320.58-0.32-0.30.460.810.640.77-0.15-0.25-0.27-0.31-0.250.020.380.090.20.34-0.280.18-0.2
0.63-0.060.550.760.85-0.470.510.450.860.59-0.190.470.850.420.590.820.830.980.440.090.860.760.490.910.88
0.680.230.610.790.77-0.380.570.520.940.580.170.60.770.470.650.750.820.860.720.20.860.850.580.980.8
0.40.420.310.540.58-0.110.260.230.880.70.220.650.630.20.350.510.540.690.610.340.760.850.280.870.48
0.98-0.410.990.840.77-0.521.01.00.35-0.09-0.120.120.470.960.990.80.60.480.28-0.280.490.580.280.480.74
0.60.210.530.750.76-0.40.480.420.950.610.120.570.820.370.570.740.830.90.70.180.910.980.870.480.8
0.83-0.350.790.920.93-0.750.760.710.670.25-0.290.260.870.630.820.950.930.910.44-0.20.880.80.480.740.8
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Chongqing Sokon Account Relationship Matchups

Chongqing Sokon fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets26.3B32.0B47.0B51.2B94.4B99.1B
Other Current Liab1.7B1.7B108.2M405.7M391.6M372.0M
Total Current Liabilities16.2B18.9B32.3B37.6B76.3B80.1B
Total Stockholder Equity5.2B8.0B11.4B11.4B12.3B12.9B
Other Liab1.2B1.6B2.3B2.9B3.4B3.5B
Retained Earnings464.7M(1.4B)(5.6B)(8.1B)(2.7B)(2.5B)
Accounts Payable10.9B13.9B25.7B30.2B68.5B71.9B
Cash2.9B5.8B16.4B13.2B46.0B48.3B
Other Assets3.5B3.5B2.6B2.4B2.7B1.7B
Long Term Debt2.1B2.0B1.3B1.4B687M652.7M
Net Receivables671.7M996.7M1.8B2.4B2.4B2.7B
Good Will81.8M75.7M65.0M46.9M54.0M68.5M
Inventory2.0B2.8B4.0B3.5B2.6B2.0B
Other Current Assets1.1B1.6B461.3M1.2B9.1B9.6B
Total Liab20.6B24.3B37.2B44.0B82.5B86.6B
Intangible Assets6.0B6.7B8.3B10.5B10.1B10.6B
Common Stock939.9M1.3B1.4B1.5B1.7B1.0B
Property Plant Equipment7.8B9.3B9.6B9.6B11.1B6.2B
Net Tangible Assets3.1B2.3B918.1M2.7B2.5B1.9B
Other Stockholder Equity258.5M312.3M62.4M(71.2M)(64.0M)(60.8M)
Deferred Long Term Liab1.5B1.9B1.9B1.6B1.9B1.2B
Short Long Term Debt2.1B2.1B2.1B786.2M904.1M1.8B
Total Current Assets9.7B14.7B27.0B26.1B66.0B69.3B
Non Current Assets Total16.6B17.4B20.1B25.1B28.4B18.8B
Non Currrent Assets Other58.6M288.0M1.3B788.2M2.4B2.5B
Non Current Liabilities Total4.4B5.4B4.9B6.5B6.2B5.1B
Non Current Liabilities Other22.0M25.0M51.4M52.6M1.1B1.2B
Common Stock Shares Outstanding1.3B1.4B1.5B1.5B1.7B1.4B
Net Invested Capital9.4B12.1B14.8B13.6B13.0B12.8B
Net Working Capital(6.5B)(4.3B)(5.4B)(11.5B)(10.3B)(9.8B)
Capital Stock1.3B1.4B1.5B1.5B1.7B1.4B
Property Plant And Equipment Net9.6B9.6B10.0B10.9B12.1B11.3B
Short Term Investments177.7M320.3M1.8B1.1B4.0B4.3B
Property Plant And Equipment Gross13.3B14.0B15.2B17.1B12.1B15.5B

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Other Information on Investing in Chongqing Stock

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