Xinya Income Before Tax vs Cost Of Revenue Analysis

605277 Stock   15.84  0.19  1.21%   
Xinya Electronic financial indicator trend analysis is more than just analyzing Xinya Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinya Electronic is a good investment. Please check the relationship between Xinya Electronic Income Before Tax and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinya Electronic 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 nation.

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinya Electronic Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xinya Electronic's Income Before Tax and Cost Of Revenue is 0.71. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Xinya Electronic Co, assuming nothing else is changed. The correlation between historical values of Xinya Electronic's Income Before Tax and Cost Of Revenue 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 Xinya Electronic Co are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Xinya Electronic's Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Before Tax

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

Cost Of Revenue

Cost of Revenue is found on Xinya Electronic income statement and represents the costs associated with goods and services Xinya Electronic provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Xinya Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinya Electronic 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 Xinya Electronic 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 nation.
The current year's Tax Provision is expected to grow to about 28 M, whereas Selling General Administrative is forecasted to decline to about 61.4 M.
 2022 2023 2024 2025 (projected)
Interest Expense7.0M24.7M28.4M29.8M
Interest Income3.3M2.4M2.7M1.7M

Xinya Electronic fundamental ratios Correlations

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0.860.740.90.950.770.160.780.330.870.840.870.720.840.760.730.870.960.870.850.660.750.830.83-0.42-0.45
0.920.740.830.860.990.151.00.610.790.920.761.00.920.921.00.910.780.890.90.440.920.940.94-0.72-0.75
0.940.90.830.980.840.490.850.561.00.90.980.80.890.770.820.970.910.980.910.80.830.880.88-0.47-0.51
0.970.950.860.980.870.340.880.490.970.940.950.830.940.820.850.980.940.980.950.710.880.930.93-0.47-0.51
0.90.770.990.840.870.180.990.510.80.90.790.990.90.960.990.90.770.890.910.490.890.920.92-0.76-0.79
0.280.160.150.490.340.180.150.230.560.170.60.10.150.130.130.340.140.410.240.80.090.120.11-0.11-0.12
0.930.781.00.850.880.990.150.620.810.930.780.990.930.921.00.920.820.90.90.470.920.950.94-0.71-0.74
0.620.330.610.560.490.510.230.620.530.620.460.60.620.260.610.620.570.590.450.280.630.60.59-0.21-0.21
0.930.870.791.00.970.80.560.810.530.880.990.760.870.730.780.950.880.970.890.830.80.850.85-0.42-0.46
0.990.840.920.90.940.90.170.930.620.880.810.921.00.810.920.980.90.960.970.460.991.01.0-0.44-0.49
0.880.870.760.980.950.790.60.780.460.990.810.720.810.740.750.910.840.940.850.890.730.790.79-0.48-0.52
0.90.721.00.80.830.990.10.990.60.760.920.720.920.921.00.890.760.870.890.380.920.940.94-0.71-0.74
0.990.840.920.890.940.90.150.930.620.871.00.810.920.810.920.980.890.960.970.450.991.01.0-0.44-0.48
0.810.760.920.770.820.960.130.920.260.730.810.740.920.810.920.810.690.810.870.470.790.840.84-0.8-0.83
0.910.731.00.820.850.990.131.00.610.780.920.751.00.920.920.90.780.880.90.420.920.940.94-0.72-0.75
1.00.870.910.970.980.90.340.920.620.950.980.910.890.980.810.90.911.00.970.620.940.970.97-0.46-0.5
0.90.960.780.910.940.770.140.820.570.880.90.840.760.890.690.780.910.90.840.60.830.880.88-0.35-0.39
0.990.870.890.980.980.890.410.90.590.970.960.940.870.960.810.881.00.90.960.680.920.950.94-0.47-0.51
0.980.850.90.910.950.910.240.90.450.890.970.850.890.970.870.90.970.840.960.520.950.970.97-0.48-0.53
0.560.660.440.80.710.490.80.470.280.830.460.890.380.450.470.420.620.60.680.520.340.420.42-0.38-0.39
0.970.750.920.830.880.890.090.920.630.80.990.730.920.990.790.920.940.830.920.950.340.990.99-0.43-0.48
0.980.830.940.880.930.920.120.950.60.851.00.790.941.00.840.940.970.880.950.970.420.991.0-0.48-0.52
0.980.830.940.880.930.920.110.940.590.851.00.790.941.00.840.940.970.880.940.970.420.991.0-0.48-0.52
-0.45-0.42-0.72-0.47-0.47-0.76-0.11-0.71-0.21-0.42-0.44-0.48-0.71-0.44-0.8-0.72-0.46-0.35-0.47-0.48-0.38-0.43-0.48-0.481.0
-0.5-0.45-0.75-0.51-0.51-0.79-0.12-0.74-0.21-0.46-0.49-0.52-0.74-0.48-0.83-0.75-0.5-0.39-0.51-0.53-0.39-0.48-0.52-0.521.0
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Xinya Electronic Account Relationship Matchups

Xinya Electronic fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.2B1.4B2.7B3.1B3.5B2.0B
Other Current Liab2.5M32.6M16.4M29.2M33.6M18.3M
Total Current Liabilities217.4M230.2M1.1B1.2B1.4B1.4B
Total Stockholder Equity1.0B1.2B1.2B1.3B1.5B1.1B
Retained Earnings216.1M327.7M321.3M418.5M481.3M306.4M
Accounts Payable132.8M156.4M389.0M547.4M629.5M660.9M
Cash589.7M182.0M129.9M166.8M150.1M182.3M
Non Current Assets Total165.2M343.4M1.3B1.4B1.6B1.6B
Non Currrent Assets Other2.7M611.8K12.0M2.1M2.4M3.9M
Net Receivables312.9M418.2M869.2M921.9M1.1B610.2M
Common Stock Shares Outstanding304.9M311.8M259.8M317.4M365.0M293.3M
Non Current Liabilities Total2.3M2.0M476.3M532.0M611.8M642.3M
Inventory114.5M167.8M378.1M405.3M466.1M255.2M
Total Liab219.7M232.2M1.5B1.7B2.0B2.1B
Net Invested Capital1.1B1.2B1.9B2.1B2.4B1.5B
Total Current Assets1.1B1.0B1.5B1.7B2.0B1.3B
Capital Stock133.4M136.4M189.6M264.5M304.2M181.3M
Net Working Capital853.2M814.5M422.0M523.8M602.3M636.2M
Intangible Assets55.8M55.7M134.8M137.1M157.7M96.7M

Currently Active Assets on Macroaxis

Other Information on Investing in Xinya Stock

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