Sunrise Net Income vs Ebit Analysis

EPOW Stock

USD 1.06 0.33 45.21%

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

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

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

The correlation between Sunrise New's Net Income and Ebit is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Sunrise New Energy, assuming nothing else is changed. The correlation between historical values of Sunrise New's Net Income and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Sunrise New Energy are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income i.e., Sunrise New's Net Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

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

Ebit

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

Sales General And Administrative To Revenue is likely to climb to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 6.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.3M	27.1K	31.2K	29.6K
Depreciation And Amortization	1.1M	2.3M	4.3M	4.5M

Interest Expense Depreciation And Amortization

Sunrise New 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Other Assets	Short Term Investments	Net Invested Capital
Total Assets		0.89	0.89	0.26	0.95	-0.74	0.85	-0.56	0.9	-0.47	0.99	0.66	-0.1	0.72	0.47	0.95	0.78	0.85	0.9	0.88	0.9	-0.15	0.81	0.91	0.61	0.73
Other Current Liab	0.89		0.94	-0.07	0.94	-0.62	0.9	-0.7	0.95	-0.56	0.92	0.33	-0.31	0.53	0.24	0.85	0.57	0.61	0.94	0.66	0.96	-0.25	0.55	0.67	0.31	0.4
Total Current Liabilities	0.89	0.94		-0.18	0.98	-0.46	0.98	-0.82	1.0	-0.73	0.95	0.29	-0.46	0.51	0.48	0.83	0.51	0.6	1.0	0.58	0.99	0.02	0.53	0.71	0.3	0.36
Total Stockholder Equity	0.26	-0.07	-0.18		-0.05	-0.71	-0.28	0.6	-0.15	0.65	0.11	0.66	0.86	0.62	-0.02	0.17	0.37	0.5	-0.17	0.64	-0.16	-0.48	0.65	0.5	0.69	0.83
Property Plant And Equipment Net	0.95	0.94	0.98	-0.05		-0.54	0.97	-0.78	0.98	-0.69	0.99	0.46	-0.37	0.55	0.5	0.92	0.67	0.72	0.99	0.7	0.98	0.0	0.63	0.78	0.41	0.49
Current Deferred Revenue	-0.74	-0.62	-0.46	-0.71	-0.54		-0.34	-0.08	-0.49	-0.18	-0.64	-0.59	-0.43	-0.89	-0.09	-0.64	-0.57	-0.67	-0.47	-0.9	-0.48	0.7	-0.85	-0.78	-0.58	-0.84
Net Debt	0.85	0.9	0.98	-0.28	0.97	-0.34		-0.89	0.98	-0.83	0.92	0.28	-0.58	0.4	0.54	0.84	0.54	0.57	0.99	0.52	0.97	0.15	0.46	0.64	0.24	0.28
Retained Earnings	-0.56	-0.7	-0.82	0.6	-0.78	-0.08	-0.89		-0.81	0.91	-0.68	-0.07	0.72	0.04	-0.44	-0.59	-0.33	-0.36	-0.82	-0.15	-0.82	-0.47	-0.08	-0.29	-0.08	0.09
Accounts Payable	0.9	0.95	1.0	-0.15	0.98	-0.49	0.98	-0.81		-0.71	0.95	0.3	-0.43	0.52	0.47	0.84	0.52	0.62	1.0	0.6	1.0	-0.01	0.55	0.71	0.33	0.38
Cash	-0.47	-0.56	-0.73	0.65	-0.69	-0.18	-0.83	0.91	-0.71		-0.59	-0.02	0.89	0.04	-0.61	-0.57	-0.33	-0.21	-0.73	-0.08	-0.69	-0.52	-0.04	-0.21	0.14	0.17
Non Current Assets Total	0.99	0.92	0.95	0.11	0.99	-0.64	0.92	-0.68	0.95	-0.59		0.57	-0.23	0.64	0.51	0.95	0.73	0.8	0.95	0.8	0.95	-0.05	0.73	0.86	0.54	0.62
Non Currrent Assets Other	0.66	0.33	0.29	0.66	0.46	-0.59	0.28	-0.07	0.3	-0.02	0.57		0.37	0.45	0.34	0.71	0.87	0.85	0.32	0.82	0.31	-0.02	0.68	0.67	0.83	0.85
Cash And Short Term Investments	-0.1	-0.31	-0.46	0.86	-0.37	-0.43	-0.58	0.72	-0.43	0.89	-0.23	0.37		0.27	-0.38	-0.23	0.0	0.22	-0.45	0.28	-0.41	-0.44	0.29	0.15	0.57	0.53
Net Receivables	0.72	0.53	0.51	0.62	0.55	-0.89	0.4	0.04	0.52	0.04	0.64	0.45	0.27		0.35	0.59	0.46	0.61	0.51	0.84	0.5	-0.52	0.92	0.86	0.47	0.79
Common Stock Shares Outstanding	0.47	0.24	0.48	-0.02	0.5	-0.09	0.54	-0.44	0.47	-0.61	0.51	0.34	-0.38	0.35		0.48	0.33	0.43	0.49	0.32	0.41	0.5	0.4	0.44	0.28	0.33
Inventory	0.95	0.85	0.83	0.17	0.92	-0.64	0.84	-0.59	0.84	-0.57	0.95	0.71	-0.23	0.59	0.48		0.89	0.81	0.85	0.85	0.84	-0.08	0.72	0.8	0.5	0.63
Other Current Assets	0.78	0.57	0.51	0.37	0.67	-0.57	0.54	-0.33	0.52	-0.33	0.73	0.87	0.0	0.46	0.33	0.89		0.82	0.54	0.84	0.54	-0.05	0.69	0.68	0.57	0.66
Other Stockholder Equity	0.85	0.61	0.6	0.5	0.72	-0.67	0.57	-0.36	0.62	-0.21	0.8	0.85	0.22	0.61	0.43	0.81	0.82		0.62	0.89	0.62	0.03	0.84	0.81	0.87	0.81
Total Liab	0.9	0.94	1.0	-0.17	0.99	-0.47	0.99	-0.82	1.0	-0.73	0.95	0.32	-0.45	0.51	0.49	0.85	0.54	0.62		0.6	1.0	0.02	0.55	0.72	0.31	0.38
Total Current Assets	0.88	0.66	0.58	0.64	0.7	-0.9	0.52	-0.15	0.6	-0.08	0.8	0.82	0.28	0.84	0.32	0.85	0.84	0.89	0.6		0.6	-0.36	0.94	0.9	0.72	0.9
Short Term Debt	0.9	0.96	0.99	-0.16	0.98	-0.48	0.97	-0.82	1.0	-0.69	0.95	0.31	-0.41	0.5	0.41	0.84	0.54	0.62	1.0	0.6		-0.01	0.54	0.72	0.33	0.38
Common Stock	-0.15	-0.25	0.02	-0.48	0.0	0.7	0.15	-0.47	-0.01	-0.52	-0.05	-0.02	-0.44	-0.52	0.5	-0.08	-0.05	0.03	0.02	-0.36	-0.01		-0.31	-0.21	0.03	-0.31
Net Tangible Assets	0.81	0.55	0.53	0.65	0.63	-0.85	0.46	-0.08	0.55	-0.04	0.73	0.68	0.29	0.92	0.4	0.72	0.69	0.84	0.55	0.94	0.54	-0.31		0.92	0.67	0.87
Other Assets	0.91	0.67	0.71	0.5	0.78	-0.78	0.64	-0.29	0.71	-0.21	0.86	0.67	0.15	0.86	0.44	0.8	0.68	0.81	0.72	0.9	0.72	-0.21	0.92		0.68	0.86
Short Term Investments	0.61	0.31	0.3	0.69	0.41	-0.58	0.24	-0.08	0.33	0.14	0.54	0.83	0.57	0.47	0.28	0.5	0.57	0.87	0.31	0.72	0.33	0.03	0.67	0.68		0.86
Net Invested Capital	0.73	0.4	0.36	0.83	0.49	-0.84	0.28	0.09	0.38	0.17	0.62	0.85	0.53	0.79	0.33	0.63	0.66	0.81	0.38	0.9	0.38	-0.31	0.87	0.86	0.86

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Sunrise New Account Relationship Matchups

Sunrise New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.0M	39.7M	58.7M	107.0M	120.5M	126.5M
Other Current Liab	3.2M	529.2K	330.9K	5.0M	9.4M	9.9M
Total Current Liabilities	6.9M	5.6M	1.7M	26.0M	63.5M	66.7M
Total Stockholder Equity	19.8M	34.0M	53.9M	28.7M	2.6M	2.5M
Property Plant And Equipment Net	1.8M	3.5M	4.9M	45.3M	71.5M	75.1M
Current Deferred Revenue	583.5K	250.3K	179.4K	694.7K	690.2K	1.1M
Net Debt	(9.1M)	(10.9M)	(13.8M)	8.1M	26.4M	27.7M
Retained Earnings	14.4M	25.7M	17.3M	(6.2M)	(30.5M)	(28.9M)
Accounts Payable	2.8M	33.7K	34.5K	12.3M	33.9M	35.6M
Cash	9.4M	11.0M	13.9M	4.3M	1.4M	1.3M
Non Current Assets Total	7.8M	12.1M	24.4M	62.4M	84.7M	88.9M
Non Currrent Assets Other	409.7K	593.6K	7.0M	10.1M	1.5M	3.0M
Cash And Short Term Investments	9.4M	11.0M	20.5M	7.6M	3.6M	3.4M
Net Receivables	5.9M	12.6M	8.1M	6.0M	10.4M	7.0M
Liabilities And Stockholders Equity	27.0M	39.7M	58.7M	107.0M	120.5M	126.5M
Inventory	3.3M	2.7M	3.1M	21.2M	15.8M	16.6M
Other Current Assets	480.3K	1.3M	3.3M	15.3M	6.0M	4.3M
Other Stockholder Equity	4.3M	4.5M	32.0M	33.8M	32.6M	18.1M
Total Liab	7.0M	5.6M	1.7M	33.7M	75.2M	78.9M
Total Current Assets	19.2M	27.7M	34.3M	44.6M	35.8M	28.7M
Accumulated Other Comprehensive Income	1.0M	3.9M	4.6M	1.1M	488.9K	464.4K
Short Term Debt	263.8K	63.3K	99.6K	7.6M	19.0M	19.9M
Non Current Liabilities Total	104.8K	3.2K	313.5K	7.6M	11.7M	12.3M
Net Invested Capital	19.8M	34.0M	53.9M	42.8M	25.5M	34.2M
Long Term Investments	582.1K	3.1M	5.4M	3.0M	1.9M	2.6M
Net Working Capital	12.7M	22.7M	32.6M	18.6M	(27.7M)	(26.3M)

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Sunrise Net Income vs Ebit Analysis

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

Correlation Coefficient

Net Income

Ebit

Sunrise New fundamental ratios Correlations

Sunrise New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sunrise New fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable
Short Term Debt	+ 1.0	Accounts Payable
Short Term Debt	+ 1.0	Total Liab
Non Current Assets Total	+ 0.99	Total Assets

Total Current Assets	- 0.9	Current Deferred Revenue
Retained Earnings	- 0.89	Net Debt
Net Receivables	- 0.89	Current Deferred Revenue
Net Tangible Assets	- 0.85	Current Deferred Revenue
Net Invested Capital	- 0.84	Current Deferred Revenue
Cash	- 0.83	Net Debt