Zhende Income Before Tax vs Research Development Analysis

603301 Stock

23.29 0.29 1.26%

Zhende Medical financial indicator trend analysis is more than just analyzing Zhende Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhende Medical is a good investment. Please check the relationship between Zhende Medical Income Before Tax and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhende Medical Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Income Before Tax vs Research Development

Income Before Tax vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhende Medical Income Before Tax account and Research Development. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhende Medical's Income Before Tax and Research Development is 0.78. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Research Development in the same time period over historical financial statements of Zhende Medical Co, assuming nothing else is changed. The correlation between historical values of Zhende Medical's Income Before Tax and Research Development 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 Zhende Medical Co are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Income Before Tax i.e., Zhende Medical's Income Before Tax and Research Development go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

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

Research Development

Most indicators from Zhende Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhende Medical 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 Zhende Medical Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of November 29, 2024, Tax Provision is expected to decline to about 5.2 M. In addition to that, Selling General Administrative is expected to decline to about 394.3 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.1B	1.4B	1.6B
Total Revenue	5.1B	6.1B	4.1B	4.3B

Gross Profit Total Revenue

Zhende Medical fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Net Debt
Other Liab		0.91	0.85	0.89	0.83	0.98	0.88	0.03	0.77	0.88	0.79	0.77	0.91	-0.71	0.54	0.83	0.95	0.77	0.79	0.46	0.83	-0.27	0.77	-0.82	0.9	-0.7
Net Tangible Assets	0.91		0.94	1.0	0.92	0.96	0.95	0.38	0.93	0.94	0.91	0.91	0.88	-0.82	0.54	0.93	0.85	0.74	0.95	0.66	0.93	-0.27	0.93	-0.84	0.84	-0.82
Retained Earnings	0.85	0.94		0.94	0.97	0.9	0.99	0.4	0.95	0.99	0.95	0.95	0.94	-0.74	0.56	0.96	0.75	0.78	0.97	0.63	0.97	-0.23	0.96	-0.67	0.92	-0.78
Other Assets	0.89	1.0	0.94		0.92	0.95	0.95	0.41	0.94	0.94	0.92	0.91	0.87	-0.79	0.54	0.93	0.83	0.73	0.96	0.67	0.94	-0.26	0.94	-0.83	0.83	-0.8
Common Stock	0.83	0.92	0.97	0.92		0.87	0.98	0.42	0.91	0.97	0.91	0.92	0.94	-0.81	0.63	0.95	0.73	0.82	0.96	0.63	0.95	-0.25	0.93	-0.71	0.91	-0.85
Property Plant Equipment	0.98	0.96	0.9	0.95	0.87		0.92	0.13	0.84	0.92	0.84	0.83	0.93	-0.76	0.57	0.88	0.95	0.79	0.86	0.53	0.89	-0.28	0.84	-0.86	0.91	-0.75
Total Assets	0.88	0.95	0.99	0.95	0.98	0.92		0.35	0.94	1.0	0.95	0.95	0.95	-0.78	0.63	0.97	0.79	0.84	0.97	0.58	0.97	-0.31	0.96	-0.73	0.93	-0.81
Other Current Liab	0.03	0.38	0.4	0.41	0.42	0.13	0.35		0.6	0.3	0.5	0.48	0.11	-0.29	0.02	0.44	-0.13	0.03	0.54	0.81	0.45	0.34	0.54	-0.05	0.03	-0.35
Total Current Liabilities	0.77	0.93	0.95	0.94	0.91	0.84	0.94	0.6		0.91	0.98	0.97	0.81	-0.73	0.51	0.97	0.63	0.69	0.98	0.79	0.97	-0.1	0.98	-0.62	0.77	-0.77
Total Stockholder Equity	0.88	0.94	0.99	0.94	0.97	0.92	1.0	0.3	0.91		0.93	0.94	0.97	-0.78	0.62	0.95	0.8	0.83	0.95	0.53	0.95	-0.36	0.94	-0.73	0.95	-0.81
Accounts Payable	0.79	0.91	0.95	0.92	0.91	0.84	0.95	0.5	0.98	0.93		1.0	0.83	-0.77	0.62	0.99	0.65	0.77	0.97	0.68	0.98	-0.23	0.99	-0.63	0.81	-0.8
Cash	0.77	0.91	0.95	0.91	0.92	0.83	0.95	0.48	0.97	0.94	1.0		0.83	-0.78	0.66	0.98	0.64	0.79	0.97	0.63	0.98	-0.32	0.99	-0.63	0.81	-0.81
Non Current Assets Total	0.91	0.88	0.94	0.87	0.94	0.93	0.95	0.11	0.81	0.97	0.83	0.83		-0.71	0.6	0.87	0.86	0.85	0.85	0.42	0.88	-0.33	0.83	-0.73	0.99	-0.73
Non Currrent Assets Other	-0.71	-0.82	-0.74	-0.79	-0.81	-0.76	-0.78	-0.29	-0.73	-0.78	-0.77	-0.78	-0.71		-0.67	-0.83	-0.66	-0.74	-0.81	-0.55	-0.79	0.29	-0.79	0.85	-0.72	0.99
Long Term Debt	0.54	0.54	0.56	0.54	0.63	0.57	0.63	0.02	0.51	0.62	0.62	0.66	0.6	-0.67		0.67	0.52	0.93	0.57	0.17	0.69	-0.53	0.61	-0.54	0.65	-0.66
Net Receivables	0.83	0.93	0.96	0.93	0.95	0.88	0.97	0.44	0.97	0.95	0.99	0.98	0.87	-0.83	0.67		0.7	0.82	0.97	0.68	0.99	-0.23	0.98	-0.69	0.86	-0.85
Good Will	0.95	0.85	0.75	0.83	0.73	0.95	0.79	-0.13	0.63	0.8	0.65	0.64	0.86	-0.66	0.52	0.7		0.74	0.68	0.3	0.72	-0.38	0.65	-0.89	0.86	-0.63
Non Current Liabilities Total	0.77	0.74	0.78	0.73	0.82	0.79	0.84	0.03	0.69	0.83	0.77	0.79	0.85	-0.74	0.93	0.82	0.74		0.74	0.29	0.84	-0.47	0.76	-0.67	0.89	-0.75
Inventory	0.79	0.95	0.97	0.96	0.96	0.86	0.97	0.54	0.98	0.95	0.97	0.97	0.85	-0.81	0.57	0.97	0.68	0.74		0.71	0.97	-0.25	0.99	-0.71	0.82	-0.84
Other Current Assets	0.46	0.66	0.63	0.67	0.63	0.53	0.58	0.81	0.79	0.53	0.68	0.63	0.42	-0.55	0.17	0.68	0.3	0.29	0.71		0.68	0.46	0.68	-0.39	0.36	-0.58
Total Liab	0.83	0.93	0.97	0.94	0.95	0.89	0.97	0.45	0.97	0.95	0.98	0.98	0.88	-0.79	0.69	0.99	0.72	0.84	0.97	0.68		-0.23	0.98	-0.68	0.87	-0.82
Short Long Term Debt	-0.27	-0.27	-0.23	-0.26	-0.25	-0.28	-0.31	0.34	-0.1	-0.36	-0.23	-0.32	-0.33	0.29	-0.53	-0.23	-0.38	-0.47	-0.25	0.46	-0.23		-0.27	0.39	-0.36	0.28
Total Current Assets	0.77	0.93	0.96	0.94	0.93	0.84	0.96	0.54	0.98	0.94	0.99	0.99	0.83	-0.79	0.61	0.98	0.65	0.76	0.99	0.68	0.98	-0.27		-0.66	0.8	-0.82
Short Term Debt	-0.82	-0.84	-0.67	-0.83	-0.71	-0.86	-0.73	-0.05	-0.62	-0.73	-0.63	-0.63	-0.73	0.85	-0.54	-0.69	-0.89	-0.67	-0.71	-0.39	-0.68	0.39	-0.66		-0.72	0.8
Intangible Assets	0.9	0.84	0.92	0.83	0.91	0.91	0.93	0.03	0.77	0.95	0.81	0.81	0.99	-0.72	0.65	0.86	0.86	0.89	0.82	0.36	0.87	-0.36	0.8	-0.72		-0.73
Net Debt	-0.7	-0.82	-0.78	-0.8	-0.85	-0.75	-0.81	-0.35	-0.77	-0.81	-0.8	-0.81	-0.73	0.99	-0.66	-0.85	-0.63	-0.75	-0.84	-0.58	-0.82	0.28	-0.82	0.8	-0.73

Click cells to compare fundamentals

Zhende Medical Account Relationship Matchups

Zhende Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	45.6M	49.2M	98.9M	201.6M	231.8M	243.4M
Net Tangible Assets	959.4M	1.1B	3.8B	3.2B	3.7B	3.9B
Retained Earnings	446.3M	2.9B	3.0B	3.4B	3.1B	1.7B
Other Assets	22.6M	42.6M	153.2M	120.3M	138.4M	145.3M
Property Plant Equipment	630.0M	756.8M	1.5B	2.2B	2.5B	2.6B
Total Assets	2.7B	6.4B	6.4B	7.9B	7.3B	4.8B
Other Current Liab	89.4M	356.8M	176.3M	16.9M	1.4M	1.4M
Total Current Liabilities	798.3M	1.7B	1.6B	1.5B	1.2B	1.2B
Total Stockholder Equity	1.4B	4.2B	4.1B	5.5B	5.4B	3.1B
Accounts Payable	289.7M	636.3M	576.8M	702.7M	412.6M	436.2M
Cash	646.2M	1.8B	1.4B	2.1B	1.1B	1.0B
Non Current Assets Total	1.1B	2.0B	3.2B	3.8B	4.5B	2.3B
Non Currrent Assets Other	27.0M	112.8M	60.4M	62.8M	56.5M	53.7M
Long Term Debt	424.2M	95.1M	145.2M	388.4M	200.2M	179.1M
Net Receivables	389.7M	663.7M	690.4M	767.9M	539.6M	511.6M
Good Will	89.6M	130.4M	398.5M	474.5M	787.8M	827.2M
Non Current Liabilities Total	471.3M	194.0M	379.5M	621.2M	490.0M	323.5M
Inventory	430.9M	1.1B	833.5M	929.6M	800.8M	669.6M
Other Current Assets	87.2M	236.2M	265.6M	41.0M	64.1M	117.2M
Total Liab	1.3B	1.9B	2.0B	2.1B	1.7B	1.5B
Short Long Term Debt	292.5M	358.4M	660.7M	124.0M	220.1M	281.6M
Total Current Assets	1.6B	4.4B	3.2B	4.1B	2.7B	2.5B
Intangible Assets	185.1M	225.6M	444.8M	564.5M	607.1M	323.4M
Net Invested Capital	2.1B	4.6B	4.9B	6.1B	5.8B	4.1B
Net Working Capital	796.2M	2.6B	1.6B	2.6B	1.5B	1.5B

Currently Active Assets on Macroaxis

V	Visa Class A
GOOG	Alphabet Inc Class C
GOOG	Alphabet Inc Class C
MSFT	Microsoft
GM	General Motors

Other Information on Investing in Zhende Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Zhende Income Before Tax vs Research Development Analysis

Income Before Tax vs Research Development

Income Before Tax vs Research Development Correlation Analysis

Correlation Coefficient

Income Before Tax

Research Development

Zhende Medical fundamental ratios Correlations

Zhende Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhende Medical fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Zhende Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Assets	+ 1.0	Net Tangible Assets
Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Accounts Payable
Total Assets	+ 0.99	Retained Earnings
Total Stockholder Equity	+ 0.99	Retained Earnings
Net Receivables	+ 0.99	Accounts Payable

Short Term Debt	- 0.89	Good Will
Short Term Debt	- 0.86	Property Plant Equipment
Net Debt	- 0.85	Net Receivables
Net Debt	- 0.85	Common Stock
Net Debt	- 0.84	Inventory
Short Term Debt	- 0.84	Net Tangible Assets