WuXi Other Operating Expenses vs Ebit Analysis

603416 Stock   46.18  1.48  3.31%   
WuXi Xinje financial indicator trend analysis is more than just analyzing WuXi Xinje Electric current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WuXi Xinje Electric is a good investment. Please check the relationship between WuXi Xinje Other Operating Expenses and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WuXi Xinje Electric. 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.

Other Operating Expenses vs Ebit

Other Operating Expenses vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WuXi Xinje Electric Other Operating Expenses account and Ebit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between WuXi Xinje's Other Operating Expenses and Ebit is 0.96. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Ebit in the same time period over historical financial statements of WuXi Xinje Electric, assuming nothing else is changed. The correlation between historical values of WuXi Xinje's Other Operating Expenses and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of WuXi Xinje Electric are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Other Operating Expenses i.e., WuXi Xinje's Other Operating Expenses and Ebit go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of WuXi Xinje Electric. It is also known as WuXi Xinje overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Ebit

Most indicators from WuXi Xinje's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WuXi Xinje Electric 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 WuXi Xinje Electric. 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.
The current year's Tax Provision is expected to grow to about 21.4 M, whereas Selling General Administrative is forecasted to decline to about 57 M.
 2022 2023 2024 2025 (projected)
Operating Income238.8M220.7M253.8M172.2M
Total Revenue1.3B1.5B1.7B1.8B

WuXi Xinje fundamental ratios Correlations

0.060.971.00.990.970.580.990.320.960.00.980.780.770.980.960.930.440.980.940.920.650.84-0.60.460.91
0.060.150.040.00.14-0.290.03-0.450.260.00.140.270.250.02-0.140.190.54-0.080.190.120.15-0.130.40.03-0.01
0.970.150.950.981.00.50.980.140.99-0.111.00.70.680.980.920.90.40.950.920.940.580.84-0.580.560.92
1.00.040.950.990.950.60.990.390.940.040.960.80.790.970.970.930.450.970.940.910.660.83-0.60.420.9
0.990.00.980.990.970.571.00.310.96-0.010.980.740.720.990.970.920.370.990.930.930.630.86-0.620.480.93
0.970.141.00.950.970.50.980.130.99-0.111.00.690.670.980.920.90.390.950.920.940.570.85-0.570.560.93
0.58-0.290.50.60.570.50.540.410.44-0.150.510.30.390.540.660.51-0.020.550.520.450.160.53-0.460.380.5
0.990.030.980.991.00.980.540.310.96-0.010.980.760.740.990.970.920.390.990.930.930.630.87-0.610.480.93
0.32-0.450.140.390.310.130.410.310.10.270.150.570.590.250.450.340.30.360.320.230.310.33-0.2-0.140.24
0.960.260.990.940.960.990.440.960.1-0.060.990.730.710.960.880.910.460.920.930.930.610.81-0.510.520.9
0.00.0-0.110.04-0.01-0.11-0.15-0.010.27-0.06-0.10.270.25-0.06-0.020.070.260.040.04-0.070.73-0.10.11-0.81-0.08
0.980.141.00.960.981.00.510.980.150.99-0.10.70.680.980.930.90.40.950.920.940.580.84-0.580.560.92
0.780.270.70.80.740.690.30.760.570.730.270.70.960.70.720.840.710.720.830.750.710.62-0.20.140.67
0.770.250.680.790.720.670.390.740.590.710.250.680.960.680.710.830.690.70.820.730.680.6-0.20.150.66
0.980.020.980.970.990.980.540.990.250.96-0.060.980.70.680.960.910.340.980.920.930.590.88-0.60.530.94
0.96-0.140.920.970.970.920.660.970.450.88-0.020.930.720.710.960.870.340.980.890.870.560.88-0.660.460.89
0.930.190.90.930.920.90.510.920.340.910.070.90.840.830.910.870.510.91.00.960.680.88-0.310.460.94
0.440.540.40.450.370.39-0.020.390.30.460.260.40.710.690.340.340.510.350.50.40.540.20.04-0.140.26
0.98-0.080.950.970.990.950.550.990.360.920.040.950.720.70.980.980.90.350.910.910.650.89-0.640.430.92
0.940.190.920.940.930.920.520.930.320.930.040.920.830.820.920.891.00.50.910.970.670.89-0.340.490.94
0.920.120.940.910.930.940.450.930.230.93-0.070.940.750.730.930.870.960.40.910.970.590.93-0.360.60.99
0.650.150.580.660.630.570.160.630.310.610.730.580.710.680.590.560.680.540.650.670.590.46-0.25-0.280.56
0.84-0.130.840.830.860.850.530.870.330.81-0.10.840.620.60.880.880.880.20.890.890.930.46-0.370.610.95
-0.60.4-0.58-0.6-0.62-0.57-0.46-0.61-0.2-0.510.11-0.58-0.2-0.2-0.6-0.66-0.310.04-0.64-0.34-0.36-0.25-0.37-0.24-0.43
0.460.030.560.420.480.560.380.48-0.140.52-0.810.560.140.150.530.460.46-0.140.430.490.6-0.280.61-0.240.62
0.91-0.010.920.90.930.930.50.930.240.9-0.080.920.670.660.940.890.940.260.920.940.990.560.95-0.430.62
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WuXi Xinje Account Relationship Matchups

WuXi Xinje fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.2B2.4B2.7B2.9B3.3B3.5B
Other Current Liab77.3M58.5M41.4M2.8M3.2M3.1M
Total Current Liabilities686.7M605.1M695.5M710.5M817.1M857.9M
Total Stockholder Equity1.5B1.8B2.0B2.1B2.5B2.6B
Retained Earnings1.0B1.3B1.5B1.6B1.8B1.9B
Accounts Payable571.0M497.0M609.0M597.3M686.9M721.3M
Cash103.1M134.0M324.0M345.5M397.3M417.2M
Other Assets16.0M22.2M27.0M33.5M38.5M40.5M
Net Receivables22.5M43.2M80.7M118.4M136.2M92.2M
Inventory580.7M540.3M580.2M511.1M587.8M617.2M
Other Current Assets8.0M14.7M111.4M3.5M4.0M3.8M
Total Liab704.4M625.2M730.3M743.1M854.6M897.3M
Intangible Assets62.1M61.2M62.7M62.7M72.1M48.6M
Property Plant Equipment209.1M281.6M382.7M437.0M502.5M527.6M
Other Liab18.7M17.8M18.3M33.6M38.6M40.6M
Net Tangible Assets1.1B1.4B1.7B1.9B2.2B1.3B
Other Stockholder Equity(5.4K)29.0K(140.8K)(111.2K)(127.9K)(134.3K)
Deferred Long Term Liab7.9M7.8M10.5M15.5M17.8M18.7M
Total Current Assets1.7B1.8B2.0B2.1B2.4B1.4B
Non Current Assets Total558.4M602.7M670.9M787.2M905.3M474.7M
Non Currrent Assets Other7.1M6.8M6.9M6.7M7.7M6.6M
Non Current Liabilities Total17.8M20.2M34.8M32.6M37.5M22.6M
Short Term Investments688.2M773.9M736.9M813.2M935.1M652.2M
Net Invested Capital1.5B1.8B2.0B2.2B2.5B1.7B
Net Working Capital971.6M1.2B1.3B1.4B1.6B1.2B
Property Plant And Equipment Net281.6M382.7M437.0M500.1M575.1M398.3M
Property Plant And Equipment Gross320.0M434.1M437.0M597.1M686.7M446.0M

Currently Active Assets on Macroaxis

Other Information on Investing in WuXi Stock

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