Shanghai Total Operating Expenses vs Net Income From Continuing Ops Analysis

900923 Stock   0.66  0.02  2.94%   
Shanghai Bailian financial indicator trend analysis is much more than just breaking down Shanghai Bailian prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Bailian is a good investment. Please check the relationship between Shanghai Bailian Total Operating Expenses and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Bailian Group. 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.

Total Operating Expenses vs Net Income From Continuing Ops

Total Operating Expenses vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Bailian Total Operating Expenses account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanghai Bailian's Total Operating Expenses and Net Income From Continuing Ops is 0.84. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Shanghai Bailian Group, assuming nothing else is changed. The correlation between historical values of Shanghai Bailian's Total Operating Expenses and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Shanghai Bailian Group are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Total Operating Expenses i.e., Shanghai Bailian's Total Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Net Income From Continuing Ops

Most indicators from Shanghai Bailian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Bailian 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 Bailian Group. 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.
As of November 24, 2024, Selling General Administrative is expected to decline to about 5.6 B. In addition to that, Tax Provision is expected to decline to about 469.1 M
 2021 2022 2023 2024 (projected)
Gross Profit9.3B8.0B8.1B7.6B
Total Revenue34.7B32.3B30.5B33.3B

Shanghai Bailian fundamental ratios Correlations

-0.20.910.92-0.490.870.920.710.86-0.490.58-0.320.570.74-0.22-0.22-0.720.99-0.43-0.890.50.920.390.740.630.97
-0.2-0.43-0.230.68-0.49-0.07-0.64-0.320.57-0.210.23-0.73-0.580.630.20.44-0.20.820.21-0.04-0.38-0.180.01-0.81-0.22
0.91-0.430.92-0.70.910.90.860.79-0.580.42-0.370.710.65-0.42-0.11-0.840.91-0.69-0.860.610.940.570.720.810.86
0.92-0.230.92-0.50.880.940.770.67-0.370.33-0.20.470.57-0.45-0.13-0.650.88-0.47-0.870.640.810.60.840.670.87
-0.490.68-0.7-0.5-0.54-0.57-0.78-0.50.92-0.440.23-0.73-0.470.66-0.310.91-0.50.890.69-0.37-0.69-0.4-0.51-0.77-0.48
0.87-0.490.910.88-0.540.760.890.8-0.450.43-0.20.630.71-0.38-0.28-0.670.86-0.57-0.80.440.870.460.570.870.89
0.92-0.070.90.94-0.570.760.710.69-0.490.43-0.220.460.48-0.340.06-0.770.9-0.45-0.930.660.850.580.890.540.86
0.71-0.640.860.77-0.780.890.710.68-0.650.44-0.090.740.59-0.56-0.01-0.790.7-0.75-0.80.380.820.50.540.90.71
0.86-0.320.790.67-0.50.80.690.68-0.570.68-0.520.740.78-0.02-0.4-0.710.89-0.4-0.710.160.930.090.430.640.85
-0.490.57-0.58-0.370.92-0.45-0.49-0.65-0.57-0.670.18-0.71-0.580.48-0.260.88-0.530.770.67-0.2-0.69-0.19-0.4-0.64-0.53
0.58-0.210.420.33-0.440.430.430.440.68-0.670.00.480.710.080.06-0.530.61-0.24-0.59-0.240.63-0.310.160.320.61
-0.320.23-0.37-0.20.23-0.2-0.22-0.09-0.520.180.0-0.56-0.35-0.070.570.31-0.350.270.03-0.15-0.43-0.02-0.12-0.22-0.2
0.57-0.730.710.47-0.730.630.460.740.74-0.710.48-0.560.75-0.32-0.33-0.710.59-0.8-0.460.170.770.230.20.730.51
0.74-0.580.650.57-0.470.710.480.590.78-0.580.71-0.350.75-0.24-0.47-0.510.75-0.53-0.550.070.730.010.250.660.74
-0.220.63-0.42-0.450.66-0.38-0.34-0.56-0.020.480.08-0.07-0.32-0.24-0.190.43-0.160.70.42-0.49-0.22-0.61-0.54-0.64-0.23
-0.220.2-0.11-0.13-0.31-0.280.06-0.01-0.4-0.260.060.57-0.33-0.47-0.19-0.21-0.22-0.07-0.190.09-0.150.10.18-0.15-0.19
-0.720.44-0.84-0.650.91-0.67-0.77-0.79-0.710.88-0.530.31-0.71-0.510.43-0.21-0.750.780.85-0.51-0.88-0.47-0.64-0.74-0.72
0.99-0.20.910.88-0.50.860.90.70.89-0.530.61-0.350.590.75-0.16-0.22-0.75-0.44-0.880.480.940.350.70.630.97
-0.430.82-0.69-0.470.89-0.57-0.45-0.75-0.40.77-0.240.27-0.8-0.530.7-0.070.78-0.440.51-0.49-0.61-0.56-0.37-0.82-0.42
-0.890.21-0.86-0.870.69-0.8-0.93-0.8-0.710.67-0.590.03-0.46-0.550.42-0.190.85-0.880.51-0.53-0.86-0.48-0.83-0.67-0.9
0.5-0.040.610.64-0.370.440.660.380.16-0.2-0.24-0.150.170.07-0.490.09-0.510.48-0.49-0.530.410.930.770.390.48
0.92-0.380.940.81-0.690.870.850.820.93-0.690.63-0.430.770.73-0.22-0.15-0.880.94-0.61-0.860.410.350.60.750.89
0.39-0.180.570.6-0.40.460.580.50.09-0.19-0.31-0.020.230.01-0.610.1-0.470.35-0.56-0.480.930.350.680.460.37
0.740.010.720.84-0.510.570.890.540.43-0.40.16-0.120.20.25-0.540.18-0.640.7-0.37-0.830.770.60.680.440.7
0.63-0.810.810.67-0.770.870.540.90.64-0.640.32-0.220.730.66-0.64-0.15-0.740.63-0.82-0.670.390.750.460.440.68
0.97-0.220.860.87-0.480.890.860.710.85-0.530.61-0.20.510.74-0.23-0.19-0.720.97-0.42-0.90.480.890.370.70.68
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Shanghai Bailian Account Relationship Matchups

Shanghai Bailian fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets55.7B54.1B57.8B57.7B56.3B56.3B
Other Current Liab14.0B16.0B15.0B12.9B3.6B3.4B
Total Current Liabilities23.4B23.8B24.3B25.3B25.7B25.9B
Total Stockholder Equity18.3B18.3B17.9B17.6B17.8B18.9B
Other Liab1.8B1.6B1.6B1.4B1.3B1.3B
Net Tangible Assets14.8B14.2B13.9B14.1B16.2B14.9B
Retained Earnings10.2B10.7B10.6B11.0B9.7B10.6B
Accounts Payable6.2B6.1B5.5B6.2B6.9B6.6B
Cash14.2B16.2B15.5B19.2B19.4B15.7B
Other Assets1.9B1.8B1.6B1.3B1.2B1.4B
Long Term Debt1.8B1.1B1.5B2.0B1.8B1.5B
Net Receivables1.2B797.0M770.5M674.1M846.1M717.8M
Short Term Investments1.3B260.0M1.2B1.4B1.8B1.9B
Inventory3.3B3.2B3.4B3.6B3.0B2.6B
Other Current Assets660.7M627.9M932.9M468.4M161.6M153.5M
Other Stockholder Equity3.4B2.8B2.5B1.7B1.6B2.2B
Total Liab33.8B32.7B37.4B37.6B36.6B33.9B
Deferred Long Term Liab1.2B1.2B1.1B1.0B906.3M877.4M
Short Long Term Debt630.8M770.6M1.4B820.8M743.9M953.2M
Total Current Assets20.6B21.7B22.5B25.9B25.8B23.2B
Intangible Assets3.4B4.0B3.8B3.4B3.3B3.7B
Property Plant Equipment23.4B21.1B24.6B22.3B25.7B21.1B
Non Current Assets Total35.1B32.6B35.4B31.8B30.5B33.7B
Non Currrent Assets Other213.2M212.5M196.9M952.1K594.1K564.4K
Non Current Liabilities Total10.3B9.0B13.0B12.3B11.0B8.7B
Non Current Liabilities Other51.9M130.5M152.2M165.1M127.2M136.3M
Net Invested Capital20.7B20.2B20.8B20.4B20.4B22.0B
Net Working Capital(2.8B)(2.1B)(1.9B)618.0M118.2M124.1M

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Other Information on Investing in Shanghai Stock

Balance Sheet is a snapshot of the financial position of Shanghai Bailian at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Bailian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Bailian 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.