Shanghai Income Before Tax vs Total Operating Expenses Analysis

688193 Stock   42.00  0.94  2.29%   
Shanghai Rendu financial indicator trend analysis is much more than just breaking down Shanghai Rendu Biote prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Rendu Biote is a good investment. Please check the relationship between Shanghai Rendu Income Before Tax and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Rendu Biotechnology. 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 Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Rendu Biote Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai Rendu's Income Before Tax and Total Operating Expenses is 0.6. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Shanghai Rendu Biotechnology, assuming nothing else is changed. The correlation between historical values of Shanghai Rendu's Income Before Tax 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 Income Before Tax of Shanghai Rendu Biotechnology 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 Income Before Tax i.e., Shanghai Rendu's Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Before Tax

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

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 Shanghai Rendu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rendu Biote 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 Shanghai Rendu Biotechnology. 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 Selling General Administrative is expected to grow to about 109.5 M, whereas Tax Provision is projected to grow to (3.3 M).
 2021 2022 2023 2024 (projected)
Interest Income2.0M4.2M8.7M9.2M
Net Interest Income1.7M3.8M8.3M8.7M

Shanghai Rendu fundamental ratios Correlations

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Other Information on Investing in Shanghai Stock

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