China Income Before Tax vs Net Income Analysis

601698 Stock

22.08 0.41 1.89%

China Satellite financial indicator trend analysis is way more than just evaluating China Satellite Comm prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Satellite Comm is a good investment. Please check the relationship between China Satellite 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 China Satellite Communications. 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 China Satellite Comm Income Before Tax account and Net Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between China Satellite's Income Before Tax and Net Income is 0.2. 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 China Satellite Communications, assuming nothing else is changed. The correlation between historical values of China Satellite'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 China Satellite Communications 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., China Satellite's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on China Satellite income statement and is an important metric when analyzing China Satellite Comm 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 China Satellite Comm financial statement analysis. It represents the amount of money remaining after all of China Satellite Communications operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from China Satellite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Satellite Comm 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 China Satellite Communications. 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.

As of February 25, 2025, Tax Provision is expected to decline to about 68.6 M. In addition to that, Selling General Administrative is expected to decline to about 102.8 M

	2022	2023	2024	2025 (projected)
Interest Income	92.6M	162.2M	186.5M	195.8M
Net Interest Income	85.0M	154.0M	177.1M	185.9M

Interest Income Net Interest Income

China Satellite fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt
Total Assets		-0.88	-0.81	0.99	0.83	0.91	0.87	-0.27	0.97	0.52	-0.82	-0.46	-0.68	0.8	-0.71	-0.14	0.82	0.57	-0.81	-0.73	0.88	0.74	-0.54	0.93	-0.72	0.72
Other Current Liab	-0.88		0.79	-0.86	-0.78	-0.78	-0.69	0.23	-0.84	-0.51	0.79	0.5	0.67	-0.67	0.67	0.32	-0.73	-0.32	0.75	0.76	-0.84	-0.64	0.46	-0.79	0.69	-0.6
Total Current Liabilities	-0.81	0.79		-0.86	-0.94	-0.93	-0.59	0.73	-0.87	-0.02	0.84	0.61	0.84	-0.93	0.93	0.46	-0.91	-0.5	0.83	0.97	-0.85	-0.89	0.58	-0.93	0.9	-0.87
Total Stockholder Equity	0.99	-0.86	-0.86		0.86	0.94	0.87	-0.34	0.99	0.41	-0.84	-0.48	-0.73	0.83	-0.76	-0.16	0.85	0.6	-0.82	-0.77	0.89	0.78	-0.58	0.96	-0.78	0.78
Other Liab	0.83	-0.78	-0.94	0.86		0.94	0.6	-0.64	0.87	0.11	-0.9	-0.72	-0.86	0.92	-0.91	-0.44	0.85	0.42	-0.85	-0.91	0.85	0.94	-0.39	0.91	-0.89	0.92
Net Tangible Assets	0.91	-0.78	-0.93	0.94	0.94		0.78	-0.58	0.96	0.15	-0.88	-0.62	-0.83	0.89	-0.86	-0.36	0.84	0.49	-0.85	-0.89	0.9	0.88	-0.63	0.99	-0.88	0.88
Retained Earnings	0.87	-0.69	-0.59	0.87	0.6	0.78		-0.04	0.84	0.46	-0.71	-0.4	-0.59	0.55	-0.4	-0.1	0.49	0.52	-0.61	-0.53	0.78	0.45	-0.65	0.8	-0.63	0.52
Accounts Payable	-0.27	0.23	0.73	-0.34	-0.64	-0.58	-0.04		-0.4	0.57	0.48	0.45	0.58	-0.73	0.79	0.46	-0.62	-0.3	0.57	0.75	-0.48	-0.7	0.41	-0.55	0.64	-0.65
Cash	0.97	-0.84	-0.87	0.99	0.87	0.96	0.84	-0.4		0.33	-0.86	-0.51	-0.75	0.84	-0.8	-0.18	0.86	0.55	-0.84	-0.79	0.88	0.83	-0.58	0.98	-0.8	0.82
Non Current Assets Total	0.52	-0.51	-0.02	0.41	0.11	0.15	0.46	0.57	0.33		-0.15	0.08	0.05	0.04	0.11	0.22	0.15	0.17	-0.12	0.04	0.25	-0.05	0.0	0.16	0.08	-0.09
Non Currrent Assets Other	-0.82	0.79	0.84	-0.84	-0.9	-0.88	-0.71	0.48	-0.86	-0.15		0.83	0.93	-0.86	0.81	0.42	-0.72	-0.54	0.83	0.83	-0.9	-0.83	0.36	-0.88	0.93	-0.85
Other Assets	-0.46	0.5	0.61	-0.48	-0.72	-0.62	-0.4	0.45	-0.51	0.08	0.83		0.91	-0.6	0.57	0.75	-0.39	-0.2	0.47	0.71	-0.59	-0.66	0.07	-0.57	0.86	-0.74
Long Term Debt	-0.68	0.67	0.84	-0.73	-0.86	-0.83	-0.59	0.58	-0.75	0.05	0.93	0.91		-0.79	0.76	0.67	-0.67	-0.42	0.64	0.89	-0.74	-0.82	0.33	-0.81	0.99	-0.89
Net Receivables	0.8	-0.67	-0.93	0.83	0.92	0.89	0.55	-0.73	0.84	0.04	-0.86	-0.6	-0.79		-0.93	-0.28	0.9	0.69	-0.89	-0.86	0.85	0.9	-0.43	0.9	-0.84	0.86
Short Term Investments	-0.71	0.67	0.93	-0.76	-0.91	-0.86	-0.4	0.79	-0.8	0.11	0.81	0.57	0.76	-0.93		0.3	-0.91	-0.46	0.89	0.87	-0.79	-0.95	0.39	-0.86	0.81	-0.89
Non Current Liabilities Total	-0.14	0.32	0.46	-0.16	-0.44	-0.36	-0.1	0.46	-0.18	0.22	0.42	0.75	0.67	-0.28	0.3		-0.17	0.18	0.06	0.65	-0.26	-0.34	0.19	-0.26	0.63	-0.41
Inventory	0.82	-0.73	-0.91	0.85	0.85	0.84	0.49	-0.62	0.86	0.15	-0.72	-0.39	-0.67	0.9	-0.91	-0.17		0.59	-0.79	-0.82	0.72	0.9	-0.41	0.87	-0.73	0.83
Other Current Assets	0.57	-0.32	-0.5	0.6	0.42	0.49	0.52	-0.3	0.55	0.17	-0.54	-0.2	-0.42	0.69	-0.46	0.18	0.59		-0.55	-0.37	0.54	0.42	-0.31	0.59	-0.45	0.43
Other Stockholder Equity	-0.81	0.75	0.83	-0.82	-0.85	-0.85	-0.61	0.57	-0.84	-0.12	0.83	0.47	0.64	-0.89	0.89	0.06	-0.79	-0.55		0.72	-0.93	-0.8	0.49	-0.87	0.7	-0.73
Total Liab	-0.73	0.76	0.97	-0.77	-0.91	-0.89	-0.53	0.75	-0.79	0.04	0.83	0.71	0.89	-0.86	0.87	0.65	-0.82	-0.37	0.72		-0.79	-0.85	0.54	-0.86	0.93	-0.84
Deferred Long Term Liab	0.88	-0.84	-0.85	0.89	0.85	0.9	0.78	-0.48	0.88	0.25	-0.9	-0.59	-0.74	0.85	-0.79	-0.26	0.72	0.54	-0.93	-0.79		0.72	-0.62	0.9	-0.79	0.69
Long Term Investments	0.74	-0.64	-0.89	0.78	0.94	0.88	0.45	-0.7	0.83	-0.05	-0.83	-0.66	-0.82	0.9	-0.95	-0.34	0.9	0.42	-0.8	-0.85	0.72		-0.26	0.87	-0.85	0.97
Short Long Term Debt	-0.54	0.46	0.58	-0.58	-0.39	-0.63	-0.65	0.41	-0.58	0.0	0.36	0.07	0.33	-0.43	0.39	0.19	-0.41	-0.31	0.49	0.54	-0.62	-0.26		-0.62	0.45	-0.26
Total Current Assets	0.93	-0.79	-0.93	0.96	0.91	0.99	0.8	-0.55	0.98	0.16	-0.88	-0.57	-0.81	0.9	-0.86	-0.26	0.87	0.59	-0.87	-0.86	0.9	0.87	-0.62		-0.87	0.87
Non Current Liabilities Other	-0.72	0.69	0.9	-0.78	-0.89	-0.88	-0.63	0.64	-0.8	0.08	0.93	0.86	0.99	-0.84	0.81	0.63	-0.73	-0.45	0.7	0.93	-0.79	-0.85	0.45	-0.87		-0.9
Short Term Debt	0.72	-0.6	-0.87	0.78	0.92	0.88	0.52	-0.65	0.82	-0.09	-0.85	-0.74	-0.89	0.86	-0.89	-0.41	0.83	0.43	-0.73	-0.84	0.69	0.97	-0.26	0.87	-0.9

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China Satellite Account Relationship Matchups

China Satellite fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	18.3B	19.1B	22.4B	22.7B	26.1B	20.8B
Other Current Liab	1.5B	1.7B	1.3B	1.3M	1.2M	1.1M
Total Current Liabilities	1.8B	2.2B	1.8B	1.9B	1.7B	1.7B
Total Stockholder Equity	11.6B	12.0B	15.1B	15.3B	17.6B	12.9B
Other Liab	996.7M	969.6M	1.1B	1.0B	1.2B	1.1B
Net Tangible Assets	8.3B	9.9B	10.2B	10.7B	12.3B	10.1B
Retained Earnings	1.7B	2.1B	2.7B	2.8B	3.2B	1.8B
Accounts Payable	180.9M	270.0M	360.0M	611.9M	550.7M	325.5M
Cash	4.0B	4.9B	6.3B	7.2B	8.3B	4.6B
Non Current Assets Total	12.2B	12.5B	14.3B	14.7B	16.9B	14.9B
Non Currrent Assets Other	352.8M	119.5M	95.1M	93.7M	84.3M	80.1M
Other Assets	973.6M	954.8M	767.1M	1.0B	922.3M	815.6M
Net Receivables	413.8M	405.8M	470.3M	383.3M	440.7M	425.5M
Short Term Investments	8.1M	3.8M	2.0M	1.6M	1.5M	1.4M
Non Current Liabilities Total	1.1B	1.2B	1.4B	1.3B	1.2B	988.8M
Inventory	12.1M	8.3M	16.5M	14.7M	16.9M	12.8M
Other Current Assets	121.5M	122.5M	1.2B	223.7M	257.2M	271.8M
Other Stockholder Equity	129.4M	164.9M	48.8M	3.9M	3.5M	3.3M
Total Liab	2.9B	3.3B	3.2B	3.2B	2.9B	2.7B
Deferred Long Term Liab	72.8M	76.9M	190.9M	266.3M	306.3M	321.6M
Total Current Assets	6.1B	6.6B	8.1B	8.0B	9.2B	5.8B
Intangible Assets	1.5B	1.6B	1.6B	1.5B	1.8B	1.6B
Property Plant Equipment	11.2B	9.6B	9.2B	9.6B	8.6B	8.2B
Net Invested Capital	11.6B	12.0B	15.1B	15.3B	17.6B	13.4B
Net Working Capital	4.3B	4.4B	6.2B	6.1B	7.0B	4.0B
Property Plant And Equipment Net	9.2B	9.6B	11.0B	11.4B	13.1B	11.2B
Property Plant And Equipment Gross	19.0B	20.2B	21.8B	11.4B	10.3B	14.7B

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

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China 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

China Satellite fundamental ratios Correlations

China Satellite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Satellite fundamental ratios Accounts

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Other Information on Investing in China Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Net Tangible Assets
Non Current Liabilities Other	+ 0.99	Long Term Debt
Total Current Assets	+ 0.98	Cash
Cash	+ 0.97	Total Assets

Long Term Investments	- 0.95	Short Term Investments
Other Liab	- 0.94	Total Current Liabilities
Deferred Long Term Liab	- 0.93	Other Stockholder Equity
Short Term Investments	- 0.93	Net Receivables
Total Current Assets	- 0.93	Total Current Liabilities
Net Receivables	- 0.93	Total Current Liabilities