Shandong Gross Profit vs Income Before Tax Analysis
| 603182 Stock | 12.36 0.05 0.40% |
Shandong Sinoglory financial indicator trend analysis is much more than just breaking down Shandong Sinoglory Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Sinoglory Health is a good investment. Please check the relationship between Shandong Sinoglory Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Sinoglory Health. 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.
Gross Profit vs Income Before Tax
Gross Profit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Sinoglory Health Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between Shandong Sinoglory's Gross Profit and Income Before Tax is 0.99. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Shandong Sinoglory Health, assuming nothing else is changed. The correlation between historical values of Shandong Sinoglory's Gross Profit 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 Gross Profit of Shandong Sinoglory Health 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 Gross Profit i.e., Shandong Sinoglory's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shandong Sinoglory Health minus its cost of goods sold. It is profit before Shandong Sinoglory operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Shandong Sinoglory income statement and is an important metric when analyzing Shandong Sinoglory Health 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 Shandong Sinoglory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Sinoglory Health 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 Shandong Sinoglory Health. 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 November 28, 2024, Tax Provision is expected to decline to about 32.5 M. In addition to that, Selling General Administrative is expected to decline to about 19.9 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.0M | 3.2M | 1.6M | 2.3M | Interest Income | 981.8K | 2.8M | 7.1M | 7.5M |
Shandong Sinoglory fundamental ratios Correlations
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Shandong Sinoglory Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the financial position of Shandong Sinoglory Health at a specified time, usually calculated after every quarter, six months, or one year. Shandong Sinoglory Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Sinoglory 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.