Smart Gross Profit vs Income Before Tax Analysis

EM Stock

USD 0.69 0.03 4.17%

Smart Share financial indicator trend analysis is much more than just breaking down Smart Share Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smart Share Global is a good investment. Please check the relationship between Smart Share Gross Profit and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Smart Share Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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 Smart Share Global Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Smart Share's Gross Profit and Income Before Tax is -0.63. 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 Smart Share Global, assuming nothing else is changed. The correlation between historical values of Smart Share'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 Smart Share Global 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., Smart Share's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Smart Share Global minus its cost of goods sold. It is profit before Smart Share 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 Smart Share income statement and is an important metric when analyzing Smart Share Global 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 Smart Share's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smart Share Global 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Smart Share Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Smart Share's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.19, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	396.9M	449.1M	275.3M	367.2M
Interest Income	30.6M	52.4M	117.2M	123.1M

Depreciation And Amortization Interest Income

Smart Share fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.12	-0.83	0.67	0.99	0.85	0.83	-0.7	0.28	-0.76	-0.99	0.92	0.79	-0.67	-0.48	-0.35	-0.6	1.0	0.5	-0.54	0.97	0.93	0.8	-0.95	0.95	1.0
Short Long Term Debt Total	-0.12		0.63	-0.47	-0.02	-0.54	0.07	0.45	-0.4	0.28	0.2	-0.43	-0.01	0.56	0.44	0.94	0.18	-0.19	-0.53	0.44	-0.16	-0.25	-0.56	-0.04	-0.1	-0.13
Other Current Liab	-0.83	0.63		-0.75	-0.77	-0.92	-0.58	0.7	-0.34	0.78	0.87	-0.95	-0.65	0.75	0.7	0.79	0.53	-0.87	-0.58	0.58	-0.83	-0.83	-0.93	0.74	-0.75	-0.84
Total Current Liabilities	0.67	-0.47	-0.75		0.57	0.88	0.79	-0.77	0.75	-0.22	-0.69	0.85	0.13	-0.77	-0.6	-0.49	-0.91	0.71	0.57	-0.57	0.82	0.88	0.49	-0.64	0.54	0.65
Total Stockholder Equity	0.99	-0.02	-0.77	0.57		0.77	0.79	-0.64	0.18	-0.78	-0.97	0.86	0.84	-0.6	-0.41	-0.27	-0.52	0.98	0.45	-0.49	0.93	0.88	0.78	-0.95	0.95	0.99
Other Liab	0.85	-0.54	-0.92	0.88	0.77		0.78	-0.84	0.59	-0.56	-0.89	0.93	0.51	-0.85	-0.53	-0.64	-0.77	0.87	0.76	-0.79	0.87	0.9	0.78	-0.75	0.76	0.83
Net Tangible Assets	0.83	0.07	-0.58	0.79	0.79	0.78		-0.65	0.52	-0.28	-0.82	0.75	0.4	-0.57	-0.37	-0.03	-0.9	0.81	0.48	-0.59	0.89	0.88	0.38	-0.86	0.7	0.79
Property Plant And Equipment Net	-0.7	0.45	0.7	-0.77	-0.64	-0.84	-0.65		-0.82	0.36	0.72	-0.75	-0.3	0.99	0.13	0.57	0.64	-0.72	-0.89	0.76	-0.73	-0.82	-0.6	0.5	-0.77	-0.68
Current Deferred Revenue	0.28	-0.4	-0.34	0.75	0.18	0.59	0.52	-0.82		0.21	-0.3	0.42	-0.29	-0.8	0.02	-0.34	-0.72	0.31	0.75	-0.63	0.41	0.56	0.1	-0.14	0.31	0.23
Net Debt	-0.76	0.28	0.78	-0.22	-0.78	-0.56	-0.28	0.36	0.21		0.76	-0.7	-0.94	0.39	0.48	0.55	0.01	-0.77	-0.26	0.26	-0.63	-0.55	-0.93	0.68	-0.77	-0.8
Retained Earnings	-0.99	0.2	0.87	-0.69	-0.97	-0.89	-0.82	0.72	-0.3	0.76		-0.92	-0.79	0.69	0.49	0.41	0.62	-0.99	-0.57	0.63	-0.95	-0.91	-0.83	0.94	-0.93	-0.98
Accounts Payable	0.92	-0.43	-0.95	0.85	0.86	0.93	0.75	-0.75	0.42	-0.7	-0.92		0.62	-0.75	-0.7	-0.61	-0.68	0.95	0.52	-0.52	0.95	0.96	0.84	-0.86	0.82	0.92
Cash	0.79	-0.01	-0.65	0.13	0.84	0.51	0.4	-0.3	-0.29	-0.94	-0.79	0.62		-0.29	-0.33	-0.29	-0.05	0.77	0.24	-0.31	0.63	0.52	0.81	-0.75	0.8	0.82
Non Current Assets Total	-0.67	0.56	0.75	-0.77	-0.6	-0.85	-0.57	0.99	-0.8	0.39	0.69	-0.75	-0.29		0.18	0.67	0.59	-0.7	-0.9	0.76	-0.7	-0.79	-0.65	0.46	-0.74	-0.65
Non Currrent Assets Other	-0.48	0.44	0.7	-0.6	-0.41	-0.53	-0.37	0.13	0.02	0.48	0.49	-0.7	-0.33	0.18		0.49	0.44	-0.53	0.09	0.0	-0.57	-0.54	-0.56	0.58	-0.23	-0.5
Other Assets	-0.35	0.94	0.79	-0.49	-0.27	-0.64	-0.03	0.57	-0.34	0.55	0.41	-0.61	-0.29	0.67	0.49		0.15	-0.42	-0.56	0.44	-0.35	-0.42	-0.77	0.17	-0.37	-0.38
Long Term Debt	-0.6	0.18	0.53	-0.91	-0.52	-0.77	-0.9	0.64	-0.72	0.01	0.62	-0.68	-0.05	0.59	0.44	0.15		-0.61	-0.51	0.6	-0.74	-0.79	-0.23	0.64	-0.43	-0.55
Cash And Short Term Investments	1.0	-0.19	-0.87	0.71	0.98	0.87	0.81	-0.72	0.31	-0.77	-0.99	0.95	0.77	-0.7	-0.53	-0.42	-0.61		0.51	-0.52	0.98	0.94	0.83	-0.94	0.94	1.0
Net Receivables	0.5	-0.53	-0.58	0.57	0.45	0.76	0.48	-0.89	0.75	-0.26	-0.57	0.52	0.24	-0.9	0.09	-0.56	-0.51	0.51		-0.94	0.48	0.56	0.51	-0.29	0.6	0.48
Common Stock Total Equity	-0.54	0.44	0.58	-0.57	-0.49	-0.79	-0.59	0.76	-0.63	0.26	0.63	-0.52	-0.31	0.76	0.0	0.44	0.6	-0.52	-0.94		-0.5	-0.54	-0.49	0.4	-0.56	-0.5
Common Stock Shares Outstanding	0.97	-0.16	-0.83	0.82	0.93	0.87	0.89	-0.73	0.41	-0.63	-0.95	0.95	0.63	-0.7	-0.57	-0.35	-0.74	0.98	0.48	-0.5		0.98	0.72	-0.95	0.87	0.96
Short Term Investments	0.93	-0.25	-0.83	0.88	0.88	0.9	0.88	-0.82	0.56	-0.55	-0.91	0.96	0.52	-0.79	-0.54	-0.42	-0.79	0.94	0.56	-0.54	0.98		0.69	-0.88	0.85	0.91
Non Current Liabilities Total	0.8	-0.56	-0.93	0.49	0.78	0.78	0.38	-0.6	0.1	-0.93	-0.83	0.84	0.81	-0.65	-0.56	-0.77	-0.23	0.83	0.51	-0.49	0.72	0.69		-0.67	0.79	0.83
Inventory	-0.95	-0.04	0.74	-0.64	-0.95	-0.75	-0.86	0.5	-0.14	0.68	0.94	-0.86	-0.75	0.46	0.58	0.17	0.64	-0.94	-0.29	0.4	-0.95	-0.88	-0.67		-0.82	-0.95
Other Current Assets	0.95	-0.1	-0.75	0.54	0.95	0.76	0.7	-0.77	0.31	-0.77	-0.93	0.82	0.8	-0.74	-0.23	-0.37	-0.43	0.94	0.6	-0.56	0.87	0.85	0.79	-0.82		0.95
Other Stockholder Equity	1.0	-0.13	-0.84	0.65	0.99	0.83	0.79	-0.68	0.23	-0.8	-0.98	0.92	0.82	-0.65	-0.5	-0.38	-0.55	1.0	0.48	-0.5	0.96	0.91	0.83	-0.95	0.95

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Quarterly Earnings Growth

(0.62)

Earnings Share

0.03

Revenue Per Share

7.571

Quarterly Revenue Growth

(0.55)

Return On Assets

(0)

The market value of Smart Share Global is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Share's value that differs from its market value or its book value, called intrinsic value, which is Smart Share's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Smart Share's market value can be influenced by many factors that don't directly affect Smart Share's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Smart Share's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Share is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Share's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Smart Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

Smart Share fundamental ratios Correlations

Smart Share Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Cash And Short Term Investments	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Total Assets
Other Stockholder Equity	- 0.98	Retained Earnings
Retained Earnings	- 0.97	Total Stockholder Equity
Other Stockholder Equity	- 0.95	Inventory
Inventory	- 0.95	Common Stock Shares Outstanding