Baidu Income Before Tax vs Net Income Analysis

BIDU Stock

USD 80.33 1.30 1.59%

Baidu financial indicator trend analysis is way more than just evaluating Baidu Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baidu Inc is a good investment. Please check the relationship between Baidu Income Before Tax and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baidu Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baidu Inc Income Before Tax account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Baidu's Income Before Tax and Net Income is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Baidu Inc, assuming nothing else is changed. The correlation between historical values of Baidu's Income Before Tax and Net Income 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 Baidu Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Baidu's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Net Income

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

Most indicators from Baidu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baidu Inc 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 Baidu Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Baidu's Issuance Of Capital Stock is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.11 in 2024, whereas Selling General Administrative is likely to drop slightly above 7.4 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	60.2B	59.7B	69.6B	73.0B
Total Revenue	124.5B	123.7B	134.6B	141.3B

Gross Profit Total Revenue

Baidu fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Non Currrent Assets Other	Other Assets	Intangible Assets	Other Liab
Total Assets		0.76	0.96	0.99	0.97	0.99	0.97	0.99	0.77	1.0	1.0	0.77	0.06	0.97	0.45	0.93	0.93	0.99	0.84	1.0	0.8	0.97	0.87	0.92	0.75	0.86
Other Current Liab	0.76		0.81	0.74	0.74	0.75	0.71	0.72	0.59	0.73	0.76	0.81	-0.24	0.67	0.56	0.69	0.73	0.76	0.62	0.78	0.82	0.75	0.6	0.72	0.71	0.53
Total Current Liabilities	0.96	0.81		0.92	0.87	0.92	0.92	0.95	0.7	0.94	0.95	0.9	0.03	0.9	0.39	0.81	0.82	0.98	0.73	0.96	0.7	0.89	0.78	0.84	0.71	0.81
Total Stockholder Equity	0.99	0.74	0.92		0.98	0.99	0.96	0.99	0.76	0.99	0.99	0.73	0.03	0.95	0.44	0.95	0.96	0.96	0.88	0.99	0.84	0.99	0.9	0.95	0.74	0.85
Property Plant And Equipment Net	0.97	0.74	0.87	0.98		0.98	0.93	0.95	0.75	0.96	0.97	0.68	0.04	0.92	0.42	0.98	0.98	0.92	0.91	0.97	0.9	0.99	0.91	0.96	0.73	0.78
Current Deferred Revenue	0.99	0.75	0.92	0.99	0.98		0.98	0.98	0.72	0.98	0.99	0.72	0.05	0.95	0.48	0.94	0.94	0.96	0.89	0.99	0.83	0.98	0.88	0.92	0.7	0.83
Net Debt	0.97	0.71	0.92	0.96	0.93	0.98		0.97	0.63	0.96	0.97	0.71	0.03	0.94	0.42	0.89	0.88	0.95	0.85	0.96	0.77	0.95	0.85	0.88	0.64	0.84
Retained Earnings	0.99	0.72	0.95	0.99	0.95	0.98	0.97		0.75	0.99	0.99	0.75	0.07	0.97	0.45	0.9	0.9	0.99	0.82	0.99	0.76	0.95	0.85	0.89	0.72	0.87
Cash	0.77	0.59	0.7	0.76	0.75	0.72	0.63	0.75		0.78	0.76	0.51	0.25	0.84	0.57	0.7	0.72	0.78	0.44	0.75	0.61	0.73	0.49	0.66	0.94	0.74
Non Current Assets Total	1.0	0.73	0.94	0.99	0.96	0.98	0.96	0.99	0.78		0.99	0.74	0.07	0.97	0.46	0.92	0.92	0.98	0.82	0.99	0.79	0.97	0.85	0.91	0.76	0.88
Cash And Short Term Investments	1.0	0.76	0.95	0.99	0.97	0.99	0.97	0.99	0.76	0.99		0.76	0.06	0.96	0.47	0.92	0.92	0.98	0.85	1.0	0.8	0.97	0.87	0.92	0.74	0.87
Net Receivables	0.77	0.81	0.9	0.73	0.68	0.72	0.71	0.75	0.51	0.74	0.76		-0.08	0.66	0.15	0.65	0.64	0.8	0.58	0.79	0.58	0.69	0.64	0.7	0.57	0.52
Common Stock Shares Outstanding	0.06	-0.24	0.03	0.03	0.04	0.05	0.03	0.07	0.25	0.07	0.06	-0.08		0.19	-0.03	-0.03	-0.05	0.11	-0.12	0.04	-0.29	0.05	-0.1	-0.11	0.03	0.28
Non Current Liabilities Total	0.97	0.67	0.9	0.95	0.92	0.95	0.94	0.97	0.84	0.97	0.96	0.66	0.19		0.53	0.87	0.86	0.97	0.72	0.95	0.71	0.92	0.75	0.83	0.81	0.9
Inventory	0.45	0.56	0.39	0.44	0.42	0.48	0.42	0.45	0.57	0.46	0.47	0.15	-0.03	0.53		0.3	0.39	0.47	0.24	0.44	0.43	0.4	0.16	0.27	0.56	0.56
Other Current Assets	0.93	0.69	0.81	0.95	0.98	0.94	0.89	0.9	0.7	0.92	0.92	0.65	-0.03	0.87	0.3		0.98	0.86	0.92	0.93	0.91	0.97	0.93	0.98	0.7	0.71
Other Stockholder Equity	0.93	0.73	0.82	0.96	0.98	0.94	0.88	0.9	0.72	0.92	0.92	0.64	-0.05	0.86	0.39	0.98		0.86	0.93	0.93	0.93	0.98	0.94	0.99	0.7	0.74
Total Liab	0.99	0.76	0.98	0.96	0.92	0.96	0.95	0.99	0.78	0.98	0.98	0.8	0.11	0.97	0.47	0.86	0.86		0.74	0.98	0.72	0.93	0.78	0.86	0.78	0.88
Property Plant And Equipment Gross	0.84	0.62	0.73	0.88	0.91	0.89	0.85	0.82	0.44	0.82	0.85	0.58	-0.12	0.72	0.24	0.92	0.93	0.74		0.85	0.87	0.9	0.97	0.92	0.41	0.6
Total Current Assets	1.0	0.78	0.96	0.99	0.97	0.99	0.96	0.99	0.75	0.99	1.0	0.79	0.04	0.95	0.44	0.93	0.93	0.98	0.85		0.81	0.97	0.88	0.93	0.74	0.84
Common Stock	0.8	0.82	0.7	0.84	0.9	0.83	0.77	0.76	0.61	0.79	0.8	0.58	-0.29	0.71	0.43	0.91	0.93	0.72	0.87	0.81		0.88	0.83	0.91	0.68	0.54
Property Plant Equipment	0.97	0.75	0.89	0.99	0.99	0.98	0.95	0.95	0.73	0.97	0.97	0.69	0.05	0.92	0.4	0.97	0.98	0.93	0.9	0.97	0.88		0.91	0.96	0.72	0.81
Non Currrent Assets Other	0.87	0.6	0.78	0.9	0.91	0.88	0.85	0.85	0.49	0.85	0.87	0.64	-0.1	0.75	0.16	0.93	0.94	0.78	0.97	0.88	0.83	0.91		0.96	0.46	0.68
Other Assets	0.92	0.72	0.84	0.95	0.96	0.92	0.88	0.89	0.66	0.91	0.92	0.7	-0.11	0.83	0.27	0.98	0.99	0.86	0.92	0.93	0.91	0.96	0.96		0.67	0.73
Intangible Assets	0.75	0.71	0.71	0.74	0.73	0.7	0.64	0.72	0.94	0.76	0.74	0.57	0.03	0.81	0.56	0.7	0.7	0.78	0.41	0.74	0.68	0.72	0.46	0.67		0.68
Other Liab	0.86	0.53	0.81	0.85	0.78	0.83	0.84	0.87	0.74	0.88	0.87	0.52	0.28	0.9	0.56	0.71	0.74	0.88	0.6	0.84	0.54	0.81	0.68	0.73	0.68

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Baidu Account Relationship Matchups

Baidu fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	301.3B	332.7B	380.0B	391.0B	406.8B	427.1B
Other Current Liab	2.2B	53.3B	37.8B	38.3B	33.3B	34.9B
Total Current Liabilities	57.4B	68.4B	74.5B	79.6B	76.5B	80.3B
Total Stockholder Equity	163.6B	182.7B	211.5B	223.5B	243.6B	255.8B
Property Plant And Equipment Net	25.6B	27.3B	35.1B	34.3B	38.8B	40.8B
Current Deferred Revenue	11.6B	13.6B	13.8B	13.2B	16.3B	17.1B
Net Debt	40.1B	46.8B	54.7B	38.2B	59.4B	62.3B
Retained Earnings	126.3B	135.3B	145.2B	148.3B	161.2B	169.3B
Cash	33.4B	35.8B	36.9B	53.2B	25.2B	15.8B
Non Current Assets Total	135.8B	149.4B	166.7B	178.1B	176.5B	185.3B
Cash And Short Term Investments	146.4B	162.2B	180.1B	174.0B	194.3B	204.0B
Net Receivables	9.0B	11.6B	14.8B	21.1B	16.6B	17.5B
Common Stock Shares Outstanding	2.8B	344.5M	351.8M	351.1M	44.3M	42.1M
Liabilities And Stockholders Equity	301.3B	332.7B	380.0B	391.0B	406.8B	427.1B
Non Current Liabilities Total	71.1B	72.5B	81.6B	73.5B	67.7B	71.1B
Inventory	996M	5.3B	1.5B	1.2B	1.4B	852.9M
Other Current Assets	9.2B	8.5B	16.5B	16.1B	18.0B	18.8B
Other Stockholder Equity	38.7B	47.2B	66.3B	74.6B	83.3B	87.4B
Total Liab	128.5B	140.9B	156.1B	153.2B	144.2B	151.4B
Property Plant And Equipment Gross	25.6B	27.3B	35.1B	34.3B	74.7B	78.4B
Total Current Assets	165.6B	183.3B	213.3B	212.9B	230.3B	241.8B
Accumulated Other Comprehensive Income	(1.4B)	199M	(8M)	546M	(895M)	(850.3M)
Property Plant Equipment	25.6B	27.3B	35.1B	34.3B	39.5B	41.5B
Non Currrent Assets Other	12.4B	6.9B	19.4B	19.2B	34.6B	36.4B
Other Assets	14.5B	15.1B	32.7B	34.3B	39.4B	41.4B
Intangible Assets	7.9B	15.0B	19.9B	21.1B	7.8B	5.7B
Other Liab	8.4B	7.5B	7.6B	5.5B	6.4B	6.7B
Good Will	18.3B	22.2B	22.6B	22.5B	22.6B	12.4B
Short Term Investments	112.9B	126.4B	143.2B	120.8B	169.1B	177.5B
Short Long Term Debt Total	73.5B	82.6B	91.5B	91.4B	84.6B	49.1B
Long Term Debt	58.2B	60.3B	68.4B	63.2B	57.4B	37.3B
Accounts Payable	32.7B	6.2B	41.4B	38.0B	2.0B	1.9B
Short Term Debt	10.9B	17.6B	17.5B	23.4B	22.2B	23.3B
Net Tangible Assets	137.5B	152.0B	179.9B	192.9B	221.8B	111.4B
Long Term Investments	69.4B	76.2B	67.3B	78.9B	72.6B	55.1B
Short Long Term Debt	8.6B	15.2B	14.7B	20.6B	19.1B	13.2B
Deferred Long Term Liab	4.4B	6.6B	11.0B	13.0B	15.0B	15.7B

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