Ningbo Income Before Tax vs Net Income Analysis

601137 Stock

20.01 1.14 6.04%

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

Income Before Tax vs Net Income Correlation Analysis

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

The correlation between Ningbo Boway's Income Before Tax and Net Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Ningbo Boway Alloy, assuming nothing else is changed. The correlation between historical values of Ningbo Boway's Income Before Tax and Net 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 Ningbo Boway Alloy are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Ningbo Boway's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Net Income

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

Most indicators from Ningbo Boway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Boway Alloy 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 Ningbo Boway Alloy. 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 435 M. The current year's Tax Provision is expected to grow to about 170.2 M

	2021	2022	2023	2024 (projected)
Operating Income	491.5M	876.8M	1.9B	1.9B
Total Revenue	10.0B	13.4B	17.8B	18.6B

Operating Income Total Revenue

Ningbo Boway 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	Other Assets	Short Term Investments	Other Liab	Long Term Debt	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total
Total Assets		0.15	0.99	0.98	0.99	0.97	0.91	0.97	0.99	0.68	0.99	0.92	0.89	0.98	0.74	-0.19	0.9	0.92	0.89	-0.85	0.72	0.91	0.92	0.55	-0.76	0.95
Other Current Liab	0.15		0.25	0.17	0.18	0.02	-0.08	0.14	0.08	0.31	0.14	0.31	0.27	0.28	0.46	-0.06	0.36	-0.19	0.4	-0.29	0.23	0.13	0.41	0.36	-0.07	-0.1
Total Current Liabilities	0.99	0.25		0.96	0.98	0.96	0.88	0.96	0.98	0.69	0.99	0.92	0.87	0.98	0.75	-0.19	0.9	0.9	0.9	-0.86	0.73	0.91	0.94	0.55	-0.77	0.93
Total Stockholder Equity	0.98	0.17	0.96		0.98	0.92	0.88	0.96	0.95	0.69	0.95	0.94	0.94	0.99	0.77	-0.15	0.91	0.86	0.89	-0.82	0.65	0.87	0.9	0.57	-0.68	0.89
Retained Earnings	0.99	0.18	0.98	0.98		0.94	0.92	0.99	0.96	0.59	0.97	0.95	0.9	0.98	0.8	-0.25	0.93	0.89	0.88	-0.81	0.7	0.88	0.91	0.65	-0.71	0.93
Accounts Payable	0.97	0.02	0.96	0.92	0.94		0.89	0.94	0.99	0.67	0.98	0.84	0.83	0.92	0.63	-0.22	0.82	0.96	0.84	-0.83	0.66	0.91	0.88	0.44	-0.76	0.98
Cash	0.91	-0.08	0.88	0.88	0.92	0.89		0.9	0.9	0.38	0.91	0.79	0.74	0.85	0.59	-0.28	0.75	0.92	0.71	-0.73	0.7	0.8	0.74	0.5	-0.75	0.93
Net Receivables	0.97	0.14	0.96	0.96	0.99	0.94	0.9		0.95	0.55	0.97	0.95	0.9	0.97	0.79	-0.23	0.93	0.89	0.86	-0.77	0.61	0.87	0.88	0.65	-0.66	0.93
Inventory	0.99	0.08	0.98	0.95	0.96	0.99	0.9	0.95		0.69	0.99	0.88	0.84	0.95	0.67	-0.19	0.85	0.95	0.86	-0.86	0.73	0.92	0.91	0.46	-0.79	0.97
Other Current Assets	0.68	0.31	0.69	0.69	0.59	0.67	0.38	0.55	0.69		0.67	0.59	0.64	0.7	0.47	0.06	0.57	0.56	0.78	-0.76	0.57	0.73	0.79	0.16	-0.48	0.58
Total Liab	0.99	0.14	0.99	0.95	0.97	0.98	0.91	0.97	0.99	0.67		0.9	0.84	0.96	0.71	-0.22	0.87	0.94	0.87	-0.86	0.75	0.92	0.92	0.52	-0.79	0.97
Intangible Assets	0.92	0.31	0.92	0.94	0.95	0.84	0.79	0.95	0.88	0.59	0.9		0.94	0.96	0.92	-0.15	0.97	0.76	0.87	-0.69	0.55	0.81	0.88	0.77	-0.56	0.8
Common Stock	0.89	0.27	0.87	0.94	0.9	0.83	0.74	0.9	0.84	0.64	0.84	0.94		0.93	0.8	-0.1	0.91	0.71	0.87	-0.67	0.4	0.78	0.83	0.64	-0.48	0.75
Property Plant Equipment	0.98	0.28	0.98	0.99	0.98	0.92	0.85	0.97	0.95	0.7	0.96	0.96	0.93		0.8	-0.18	0.94	0.84	0.92	-0.84	0.67	0.88	0.94	0.6	-0.69	0.88
Other Assets	0.74	0.46	0.75	0.77	0.8	0.63	0.59	0.79	0.67	0.47	0.71	0.92	0.8	0.8		-0.22	0.93	0.54	0.76	-0.49	0.46	0.64	0.79	0.92	-0.36	0.6
Short Term Investments	-0.19	-0.06	-0.19	-0.15	-0.25	-0.22	-0.28	-0.23	-0.19	0.06	-0.22	-0.15	-0.1	-0.18	-0.22		-0.29	-0.2	-0.21	0.3	-0.29	-0.22	-0.28	-0.28	0.09	-0.27
Other Liab	0.9	0.36	0.9	0.91	0.93	0.82	0.75	0.93	0.85	0.57	0.87	0.97	0.91	0.94	0.93	-0.29		0.72	0.87	-0.69	0.53	0.8	0.89	0.8	-0.51	0.78
Long Term Debt	0.92	-0.19	0.9	0.86	0.89	0.96	0.92	0.89	0.95	0.56	0.94	0.76	0.71	0.84	0.54	-0.2	0.72		0.72	-0.76	0.7	0.86	0.78	0.38	-0.78	0.99
Net Tangible Assets	0.89	0.4	0.9	0.89	0.88	0.84	0.71	0.86	0.86	0.78	0.87	0.87	0.87	0.92	0.76	-0.21	0.87	0.72		-0.84	0.62	0.94	0.97	0.58	-0.48	0.77
Other Stockholder Equity	-0.85	-0.29	-0.86	-0.82	-0.81	-0.83	-0.73	-0.77	-0.86	-0.76	-0.86	-0.69	-0.67	-0.84	-0.49	0.3	-0.69	-0.76	-0.84		-0.84	-0.82	-0.88	-0.22	0.74	-0.8
Deferred Long Term Liab	0.72	0.23	0.73	0.65	0.7	0.66	0.7	0.61	0.73	0.57	0.75	0.55	0.4	0.67	0.46	-0.29	0.53	0.7	0.62	-0.84		0.67	0.74	0.25	-0.82	0.72
Total Current Assets	0.91	0.13	0.91	0.87	0.88	0.91	0.8	0.87	0.92	0.73	0.92	0.81	0.78	0.88	0.64	-0.22	0.8	0.86	0.94	-0.82	0.67		0.93	0.49	-0.57	0.88
Non Current Assets Total	0.92	0.41	0.94	0.9	0.91	0.88	0.74	0.88	0.91	0.79	0.92	0.88	0.83	0.94	0.79	-0.28	0.89	0.78	0.97	-0.88	0.74	0.93		0.59	-0.62	0.83
Non Currrent Assets Other	0.55	0.36	0.55	0.57	0.65	0.44	0.5	0.65	0.46	0.16	0.52	0.77	0.64	0.6	0.92	-0.28	0.8	0.38	0.58	-0.22	0.25	0.49	0.59		-0.12	0.44
Good Will	-0.76	-0.07	-0.77	-0.68	-0.71	-0.76	-0.75	-0.66	-0.79	-0.48	-0.79	-0.56	-0.48	-0.69	-0.36	0.09	-0.51	-0.78	-0.48	0.74	-0.82	-0.57	-0.62	-0.12		-0.78
Non Current Liabilities Total	0.95	-0.1	0.93	0.89	0.93	0.98	0.93	0.93	0.97	0.58	0.97	0.8	0.75	0.88	0.6	-0.27	0.78	0.99	0.77	-0.8	0.72	0.88	0.83	0.44	-0.78

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Ningbo Boway Account Relationship Matchups

Ningbo Boway fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.6B	9.1B	11.8B	14.5B	16.3B	17.2B
Other Current Liab	421.7M	708.4M	986.1M	3.0M	3.8M	3.7M
Total Current Liabilities	3.0B	3.4B	5.4B	5.8B	6.3B	6.6B
Total Stockholder Equity	3.8B	5.2B	5.4B	6.0B	7.1B	7.5B
Retained Earnings	1.6B	1.9B	2.1B	2.4B	3.3B	3.5B
Accounts Payable	834.0M	705.4M	1.3B	2.1B	2.0B	2.1B
Cash	826.7M	784.6M	1.2B	1.5B	3.1B	3.3B
Net Receivables	1.1B	963.5M	1.2B	1.4B	1.7B	1.8B
Inventory	1.7B	2.0B	3.3B	4.8B	4.8B	5.0B
Other Current Assets	196.4M	378.0M	380.2M	509.2M	314.6M	229.9M
Total Liab	3.8B	3.9B	6.4B	8.5B	9.2B	9.7B
Intangible Assets	288.2M	289.0M	281.1M	281.7M	354.8M	372.6M
Property Plant Equipment	2.6B	3.1B	4.1B	5.0B	5.7B	6.0B
Other Assets	242.9M	384.4M	354.0M	238.3M	274.0M	287.7M
Other Liab	184.8M	221.0M	210.6M	214.1M	246.3M	258.6M
Long Term Debt	602.2M	284.1M	704.4M	2.4B	2.5B	2.6B
Net Tangible Assets	3.5B	3.5B	4.9B	5.1B	5.9B	4.0B
Other Stockholder Equity	13.0M	25.0M	(61.8M)	(96.2M)	(86.6M)	(82.3M)
Deferred Long Term Liab	6.0M	31.0M	89.1M	89.1M	102.5M	107.6M
Total Current Assets	3.8B	4.3B	6.3B	8.7B	10.5B	5.4B
Non Current Assets Total	3.8B	4.8B	5.5B	5.8B	5.8B	4.5B
Non Currrent Assets Other	308.3M	219.7M	103.6M	82.3M	220.2M	165.0M
Good Will	13.6M	13.4M	12.0M	12.1M	12.5M	10.6M
Non Current Liabilities Total	823.2M	568.5M	1.0B	2.7B	2.9B	3.1B
Short Long Term Debt	1.3B	1.8B	2.8B	1.4B	1.6B	1.5B
Non Current Liabilities Other	5.2M	4.2M	4.5M	4.1M	2.7M	2.6M
Net Debt	1.0B	1.3B	2.3B	2.3B	1.0B	1.4B
Net Invested Capital	5.6B	7.3B	8.9B	9.8B	11.3B	8.3B
Net Working Capital	793.8M	982.7M	913.7M	2.9B	4.2B	4.4B

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Other Information on Investing in Ningbo Stock

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

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Ningbo Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Ningbo Boway fundamental ratios Correlations

Ningbo Boway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Boway fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

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Total Current Liabilities	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Stockholder Equity

Non Current Assets Total	- 0.88	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Total Liab
Other Stockholder Equity	- 0.86	Inventory
Other Stockholder Equity	- 0.86	Total Current Liabilities
Other Stockholder Equity	- 0.85	Total Assets
Deferred Long Term Liab	- 0.84	Other Stockholder Equity