| 688737 Stock | | | 16.27 0.53 3.15% |
Sinocat Environmental financial indicator trend analysis is much more than just breaking down Sinocat Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocat Environmental is a good investment. Please check the relationship between Sinocat Environmental Gross Profit and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocat Environmental Technology. 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.
Gross Profit vs Income Before Tax
Gross Profit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinocat Environmental Gross Profit account and
Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sinocat Environmental's Gross Profit and Income Before Tax is 0.93. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Sinocat Environmental Technology, assuming nothing else is changed. The correlation between historical values of Sinocat Environmental's Gross Profit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Sinocat Environmental Technology are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., Sinocat Environmental's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sinocat Environmental Technology minus its cost of goods sold. It is profit before Sinocat Environmental operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Sinocat Environmental income statement and is an important metric when analyzing Sinocat Environmental 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.
Most indicators from Sinocat Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocat Environmental 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 Sinocat Environmental Technology. 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 68.6
M, whereas
Tax Provision is projected to grow to (4.8
M).
Sinocat Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Sinocat Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinocat Environmental fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sinocat Stock
Balance Sheet is a snapshot of the
financial position of Sinocat Environmental at a specified time, usually calculated after every quarter, six months, or one year. Sinocat Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinocat Environmental 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 Sinocat currently owns. An asset can also be divided into two categories, current and non-current.