Sinosteel Net Income vs Total Operating Expenses Analysis

688119 Stock

4.14 0.06 1.43%

Sinosteel Luonai financial indicator trend analysis is much more than just breaking down Sinosteel Luonai Mat prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinosteel Luonai Mat is a good investment. Please check the relationship between Sinosteel Luonai Net Income and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinosteel Luonai Materials. 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.

Net Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Luonai Mat Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sinosteel Luonai's Net Income and Total Operating Expenses is -0.48. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Sinosteel Luonai Materials, assuming nothing else is changed. The correlation between historical values of Sinosteel Luonai's Net Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Sinosteel Luonai Materials are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., Sinosteel Luonai's Net Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sinosteel Luonai Mat financial statement analysis. It represents the amount of money remaining after all of Sinosteel Luonai Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Sinosteel Luonai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinosteel Luonai Mat 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 Sinosteel Luonai Materials. 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 7.2 M, whereas Selling General Administrative is forecasted to decline to about 97.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	24.1M	35.1M	37.9M	34.5M
Interest Income	7.0M	25.3M	23.6M	17.0M

Interest Expense Interest Income

Sinosteel Luonai fundamental ratios Correlations

	Net Debt	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Net Debt		-0.61	0.76	-0.6	-0.61	-0.65	-0.53	-0.6	-0.55	-0.67	-0.58	-0.29	-0.69	-0.69	0.12	-0.25	0.75	-0.62	-0.37	-0.57	-0.59	-0.69	-0.56	-0.57	-0.69	-0.53
Total Assets	-0.61		-0.89	0.98	0.99	0.94	0.98	0.98	0.98	0.94	0.34	0.78	0.93	0.91	0.66	0.64	-0.97	0.99	0.52	0.97	0.99	0.94	0.97	0.99	0.91	0.96
Other Current Liab	0.76	-0.89		-0.8	-0.93	-0.83	-0.82	-0.84	-0.91	-0.83	-0.26	-0.54	-0.98	-0.98	-0.32	-0.44	0.96	-0.86	-0.26	-0.78	-0.92	-0.86	-0.94	-0.89	-0.98	-0.9
Total Current Liabilities	-0.6	0.98	-0.8		0.95	0.96	0.99	0.99	0.91	0.97	0.49	0.77	0.86	0.84	0.67	0.62	-0.93	0.99	0.68	0.99	0.95	0.95	0.9	0.95	0.84	0.88
Total Stockholder Equity	-0.61	0.99	-0.93	0.95		0.93	0.96	0.97	0.98	0.93	0.31	0.72	0.97	0.95	0.61	0.57	-0.98	0.97	0.46	0.93	1.0	0.94	0.99	0.99	0.95	0.96
Property Plant And Equipment Net	-0.65	0.94	-0.83	0.96	0.93		0.97	0.98	0.85	1.0	0.62	0.56	0.9	0.9	0.48	0.38	-0.92	0.97	0.73	0.9	0.91	1.0	0.89	0.89	0.9	0.81
Retained Earnings	-0.53	0.98	-0.82	0.99	0.96	0.97		1.0	0.92	0.97	0.46	0.71	0.89	0.88	0.67	0.54	-0.92	0.99	0.66	0.96	0.96	0.97	0.93	0.95	0.88	0.89
Accounts Payable	-0.6	0.98	-0.84	0.99	0.97	0.98	1.0		0.93	0.98	0.48	0.72	0.9	0.89	0.63	0.55	-0.94	1.0	0.66	0.97	0.96	0.97	0.93	0.96	0.89	0.89
Cash	-0.55	0.98	-0.91	0.91	0.98	0.85	0.92	0.93		0.86	0.15	0.8	0.94	0.91	0.69	0.69	-0.96	0.94	0.34	0.93	0.99	0.87	0.99	0.99	0.91	1.0
Non Current Assets Total	-0.67	0.94	-0.83	0.97	0.93	1.0	0.97	0.98	0.86		0.63	0.58	0.89	0.89	0.48	0.4	-0.92	0.98	0.73	0.91	0.92	1.0	0.88	0.9	0.89	0.81
Non Currrent Assets Other	-0.58	0.34	-0.26	0.49	0.31	0.62	0.46	0.48	0.15	0.63		-0.06	0.31	0.34	-0.15	-0.21	-0.36	0.46	0.89	0.38	0.27	0.61	0.21	0.23	0.34	0.06
Long Term Debt	-0.29	0.78	-0.54	0.77	0.72	0.56	0.71	0.72	0.8	0.58	-0.06		0.56	0.5	0.88	0.97	-0.7	0.74	0.27	0.86	0.76	0.56	0.69	0.83	0.5	0.82
Net Receivables	-0.69	0.93	-0.98	0.86	0.97	0.9	0.89	0.9	0.94	0.89	0.31	0.56		1.0	0.41	0.42	-0.97	0.91	0.36	0.82	0.96	0.92	0.97	0.92	1.0	0.92
Common Stock Shares Outstanding	-0.69	0.91	-0.98	0.84	0.95	0.9	0.88	0.89	0.91	0.89	0.34	0.5	1.0		0.36	0.36	-0.95	0.89	0.37	0.79	0.94	0.92	0.96	0.9	1.0	0.89
Short Term Investments	0.12	0.66	-0.32	0.67	0.61	0.48	0.67	0.63	0.69	0.48	-0.15	0.88	0.41	0.36		0.8	-0.5	0.63	0.29	0.74	0.65	0.45	0.6	0.7	0.36	0.69
Non Current Liabilities Total	-0.25	0.64	-0.44	0.62	0.57	0.38	0.54	0.55	0.69	0.4	-0.21	0.97	0.42	0.36	0.8		-0.59	0.58	0.08	0.74	0.63	0.38	0.56	0.7	0.36	0.72
Capital Lease Obligations	0.75	-0.97	0.96	-0.93	-0.98	-0.92	-0.92	-0.94	-0.96	-0.92	-0.36	-0.7	-0.97	-0.95	-0.5	-0.59		-0.96	-0.44	-0.92	-0.98	-0.93	-0.96	-0.97	-0.95	-0.94
Inventory	-0.62	0.99	-0.86	0.99	0.97	0.97	0.99	1.0	0.94	0.98	0.46	0.74	0.91	0.89	0.63	0.58	-0.96		0.63	0.97	0.97	0.97	0.94	0.97	0.89	0.91
Other Current Assets	-0.37	0.52	-0.26	0.68	0.46	0.73	0.66	0.66	0.34	0.73	0.89	0.27	0.36	0.37	0.29	0.08	-0.44	0.63		0.61	0.44	0.7	0.36	0.43	0.37	0.25
Total Liab	-0.57	0.97	-0.78	0.99	0.93	0.9	0.96	0.97	0.93	0.91	0.38	0.86	0.82	0.79	0.74	0.74	-0.92	0.97	0.61		0.94	0.9	0.89	0.96	0.79	0.9
Net Invested Capital	-0.59	0.99	-0.92	0.95	1.0	0.91	0.96	0.96	0.99	0.92	0.27	0.76	0.96	0.94	0.65	0.63	-0.98	0.97	0.44	0.94		0.92	0.99	0.99	0.94	0.98
Property Plant And Equipment Gross	-0.69	0.94	-0.86	0.95	0.94	1.0	0.97	0.97	0.87	1.0	0.61	0.56	0.92	0.92	0.45	0.38	-0.93	0.97	0.7	0.9	0.92		0.9	0.9	0.92	0.82
Short Long Term Debt	-0.56	0.97	-0.94	0.9	0.99	0.89	0.93	0.93	0.99	0.88	0.21	0.69	0.97	0.96	0.6	0.56	-0.96	0.94	0.36	0.89	0.99	0.9		0.97	0.96	0.97
Total Current Assets	-0.57	0.99	-0.89	0.95	0.99	0.89	0.95	0.96	0.99	0.9	0.23	0.83	0.92	0.9	0.7	0.7	-0.97	0.97	0.43	0.96	0.99	0.9	0.97		0.9	0.98
Capital Stock	-0.69	0.91	-0.98	0.84	0.95	0.9	0.88	0.89	0.91	0.89	0.34	0.5	1.0	1.0	0.36	0.36	-0.95	0.89	0.37	0.79	0.94	0.92	0.96	0.9		0.89
Net Working Capital	-0.53	0.96	-0.9	0.88	0.96	0.81	0.89	0.89	1.0	0.81	0.06	0.82	0.92	0.89	0.69	0.72	-0.94	0.91	0.25	0.9	0.98	0.82	0.97	0.98	0.89

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Sinosteel Luonai Account Relationship Matchups

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Other Information on Investing in Sinosteel Stock

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

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Sinosteel Net Income vs Total Operating Expenses Analysis

Net Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Net Income

Total Operating Expenses

Sinosteel Luonai fundamental ratios Correlations

Sinosteel Luonai Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Sinosteel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Accounts Payable	+ 1.0	Retained Earnings
Inventory	+ 1.0	Accounts Payable
Net Working Capital	+ 1.0	Cash

Net Invested Capital	- 0.98	Capital Lease Obligations
Capital Lease Obligations	- 0.98	Total Stockholder Equity
Capital Stock	- 0.98	Other Current Liab
Common Stock Shares Outstanding	- 0.98	Other Current Liab
Net Receivables	- 0.98	Other Current Liab
Total Current Assets	- 0.97	Capital Lease Obligations