ZTO Operating Income vs Net Income Analysis

ZTO Stock

USD 19.28 0.54 2.72%

ZTO Express financial indicator trend analysis is more than just analyzing ZTO Express current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZTO Express is a good investment. Please check the relationship between ZTO Express Operating Income and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZTO Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZTO Express Operating Income account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between ZTO Express' Operating Income and Net Income is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of ZTO Express, assuming nothing else is changed. The correlation between historical values of ZTO Express' Operating Income 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 Operating Income of ZTO Express 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 Operating Income i.e., ZTO Express' Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from ZTO Express operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ZTO Express is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

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

Most indicators from ZTO Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZTO Express 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZTO Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.As of the 22nd of November 2024, Enterprise Value is likely to grow to about 157.9 B, while Selling General Administrative is likely to drop about 1.4 B.

	2021	2022	2023	2024 (projected)
Interest Expense	126.5M	190.5M	289.5M	304.0M
Depreciation And Amortization	2.2B	2.7B	2.9B	3.0B

Interest Expense Depreciation And Amortization

ZTO Express 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	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.75	0.99	0.88	0.99	0.94	0.99	0.92	0.95	-0.03	0.92	1.0	0.87	0.92	0.94	0.78	0.9	0.77	0.8	0.97	0.38	0.72	0.94	0.73	0.75	0.91
Short Long Term Debt Total	0.75		0.77	0.95	0.69	0.61	0.66	0.9	0.73	0.49	0.91	0.73	0.59	0.92	0.66	0.4	0.56	0.93	0.53	0.68	0.57	0.99	0.57	0.32	0.89	0.54
Other Current Liab	0.99	0.77		0.89	0.97	0.92	0.96	0.93	0.95	0.01	0.91	0.98	0.86	0.92	0.94	0.78	0.85	0.77	0.79	0.95	0.41	0.74	0.91	0.73	0.78	0.88
Total Current Liabilities	0.88	0.95	0.89		0.85	0.78	0.82	0.99	0.85	0.27	0.99	0.87	0.74	0.99	0.82	0.64	0.73	0.96	0.7	0.84	0.56	0.92	0.76	0.58	0.89	0.74
Total Stockholder Equity	0.99	0.69	0.97	0.85		0.96	1.0	0.9	0.93	-0.14	0.9	0.99	0.88	0.89	0.94	0.83	0.94	0.73	0.83	0.98	0.34	0.65	0.97	0.8	0.7	0.96
Other Liab	0.94	0.61	0.92	0.78	0.96		0.96	0.83	0.85	-0.15	0.84	0.96	0.81	0.82	0.85	0.72	0.96	0.68	0.86	0.97	0.21	0.6	0.96	0.78	0.58	0.94
Net Tangible Assets	0.99	0.66	0.96	0.82	1.0	0.96		0.88	0.93	-0.15	0.88	0.99	0.87	0.87	0.94	0.82	0.94	0.71	0.81	0.99	0.32	0.63	0.97	0.78	0.67	0.96
Property Plant And Equipment Net	0.92	0.9	0.93	0.99	0.9	0.83	0.88		0.89	0.18	0.99	0.91	0.78	1.0	0.88	0.74	0.78	0.92	0.72	0.88	0.56	0.86	0.83	0.67	0.85	0.81
Current Deferred Revenue	0.95	0.73	0.95	0.85	0.93	0.85	0.93	0.89		0.08	0.89	0.94	0.75	0.89	0.97	0.78	0.79	0.77	0.68	0.9	0.55	0.7	0.84	0.64	0.7	0.81
Net Debt	-0.03	0.49	0.01	0.27	-0.14	-0.15	-0.15	0.18	0.08		0.19	-0.04	-0.39	0.19	-0.07	-0.35	-0.28	0.39	-0.29	-0.14	0.62	0.53	-0.32	-0.47	0.17	-0.36
Retained Earnings	0.92	0.91	0.91	0.99	0.9	0.84	0.88	0.99	0.89	0.19		0.91	0.77	1.0	0.87	0.71	0.8	0.94	0.74	0.89	0.56	0.87	0.83	0.64	0.84	0.81
Accounts Payable	1.0	0.73	0.98	0.87	0.99	0.96	0.99	0.91	0.94	-0.04	0.91		0.84	0.91	0.94	0.79	0.91	0.77	0.82	0.98	0.38	0.7	0.95	0.76	0.71	0.93
Cash	0.87	0.59	0.86	0.74	0.88	0.81	0.87	0.78	0.75	-0.39	0.77	0.84		0.78	0.81	0.75	0.86	0.59	0.82	0.88	0.03	0.55	0.9	0.75	0.79	0.89
Non Current Assets Total	0.92	0.92	0.92	0.99	0.89	0.82	0.87	1.0	0.89	0.19	1.0	0.91	0.78		0.87	0.71	0.78	0.93	0.72	0.87	0.56	0.88	0.82	0.64	0.86	0.8
Non Currrent Assets Other	0.94	0.66	0.94	0.82	0.94	0.85	0.94	0.88	0.97	-0.07	0.87	0.94	0.81	0.87		0.9	0.8	0.71	0.68	0.9	0.52	0.61	0.88	0.73	0.66	0.86
Other Assets	0.78	0.4	0.78	0.64	0.83	0.72	0.82	0.74	0.78	-0.35	0.71	0.79	0.75	0.71	0.9		0.7	0.53	0.61	0.78	0.42	0.31	0.83	0.87	0.48	0.84
Cash And Short Term Investments	0.9	0.56	0.85	0.73	0.94	0.96	0.94	0.78	0.79	-0.28	0.8	0.91	0.86	0.78	0.8	0.7		0.64	0.89	0.95	0.1	0.55	0.97	0.77	0.59	0.96
Net Receivables	0.77	0.93	0.77	0.96	0.73	0.68	0.71	0.92	0.77	0.39	0.94	0.77	0.59	0.93	0.71	0.53	0.64		0.61	0.76	0.62	0.89	0.65	0.45	0.8	0.62
Good Will	0.8	0.53	0.79	0.7	0.83	0.86	0.81	0.72	0.68	-0.29	0.74	0.82	0.82	0.72	0.68	0.61	0.89	0.61		0.84	0.04	0.52	0.89	0.76	0.62	0.86
Common Stock Total Equity	0.97	0.68	0.95	0.84	0.98	0.97	0.99	0.88	0.9	-0.14	0.89	0.98	0.88	0.87	0.9	0.78	0.95	0.76	0.84		0.28	0.65	0.97	0.76	0.69	0.95
Common Stock Shares Outstanding	0.38	0.57	0.41	0.56	0.34	0.21	0.32	0.56	0.55	0.62	0.56	0.38	0.03	0.56	0.52	0.42	0.1	0.62	0.04	0.28		0.52	0.18	0.11	0.31	0.16
Non Current Liabilities Total	0.72	0.99	0.74	0.92	0.65	0.6	0.63	0.86	0.7	0.53	0.87	0.7	0.55	0.88	0.61	0.31	0.55	0.89	0.52	0.65	0.52		0.53	0.24	0.86	0.5
Capital Surpluse	0.94	0.57	0.91	0.76	0.97	0.96	0.97	0.83	0.84	-0.32	0.83	0.95	0.9	0.82	0.88	0.83	0.97	0.65	0.89	0.97	0.18	0.53		0.86	0.63	0.99
Inventory	0.73	0.32	0.73	0.58	0.8	0.78	0.78	0.67	0.64	-0.47	0.64	0.76	0.75	0.64	0.73	0.87	0.77	0.45	0.76	0.76	0.11	0.24	0.86		0.44	0.89
Other Current Assets	0.75	0.89	0.78	0.89	0.7	0.58	0.67	0.85	0.7	0.17	0.84	0.71	0.79	0.86	0.66	0.48	0.59	0.8	0.62	0.69	0.31	0.86	0.63	0.44		0.61
Other Stockholder Equity	0.91	0.54	0.88	0.74	0.96	0.94	0.96	0.81	0.81	-0.36	0.81	0.93	0.89	0.8	0.86	0.84	0.96	0.62	0.86	0.95	0.16	0.5	0.99	0.89	0.61

Click cells to compare fundamentals

ZTO Express Account Relationship Matchups

ZTO Express fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.9B	59.2B	62.8B	78.5B	88.5B	48.3B
Short Long Term Debt Total	803.2M	2.5B	4.4B	13.1B	15.4B	16.2B
Other Current Liab	3.7B	4.9B	6.0B	7.0B	7.5B	4.4B
Total Current Liabilities	6.7B	9.3B	13.0B	16.4B	20.1B	21.1B
Total Stockholder Equity	38.3B	49.0B	48.6B	54.0B	59.8B	37.0B
Other Liab	301.7M	255.0M	292.4M	346.5M	398.4M	224.7M
Net Tangible Assets	31.5B	40.3B	39.0B	44.3B	51.0B	26.0B
Property Plant And Equipment Net	13.4B	19.4B	25.8B	29.6B	32.9B	34.5B
Current Deferred Revenue	1.2B	1.1B	1.2B	1.4B	1.7B	893.4M
Net Debt	(4.5B)	(11.7B)	(5.3B)	1.4B	3.1B	3.3B
Retained Earnings	16.7B	21.0B	22.7B	29.5B	36.3B	38.1B
Accounts Payable	1.5B	1.6B	2.0B	2.2B	2.6B	1.4B
Cash	5.3B	14.2B	9.7B	11.7B	12.3B	8.5B
Non Current Assets Total	25.8B	36.9B	44.1B	54.0B	61.5B	64.6B
Non Currrent Assets Other	2.1B	3.0B	2.8B	2.7B	3.1B	1.6B
Other Assets	1.6B	3.7B	3.7B	1.6B	1.8B	1.5B
Cash And Short Term Investments	16.4B	17.9B	12.6B	17.4B	19.9B	14.0B
Net Receivables	1.3B	1.3B	2.2B	2.1B	4.7B	4.9B
Common Stock Shares Outstanding	752.7M	784.3M	796.1M	820.0M	838.9M	847.8M
Short Term Investments	11.1B	3.7B	2.8B	5.8B	7.6B	5.5B
Liabilities And Stockholders Equity	45.9B	59.2B	62.8B	78.5B	88.5B	48.3B
Non Current Liabilities Total	806.2M	757.5M	848.4M	7.6B	8.1B	8.5B
Capital Surpluse	22.3B	30.6B	28.2B	26.7B	30.7B	20.6B
Capital Lease Obligations	803.2M	748.9M	807.1M	740.1M	642.1M	411.5M
Inventory	43.8M	53.1M	83.0M	40.5M	28.1M	41.9M
Other Current Assets	292.7M	1.3B	1.4B	2.4B	2.4B	2.6B
Other Stockholder Equity	20.9B	28.0B	26.2B	24.7B	23.7B	20.3B
Total Liab	7.5B	10.1B	13.8B	24.1B	28.2B	29.6B
Long Term Investments	4.1B	5.1B	4.9B	11.3B	15.6B	16.4B
Property Plant And Equipment Gross	13.4B	19.4B	25.8B	29.6B	43.8B	46.0B
Total Current Assets	20.1B	22.3B	18.7B	24.5B	27.0B	18.0B
Accumulated Other Comprehensive Income	675.7M	(95.6M)	(242.1M)	(86.7M)	(190.7M)	(181.2M)
Treasury Stock	(1.5B)	(1.4B)	(2.6B)	(2.1B)	(1.9B)	(1.8B)
Short Term Debt	298.7M	1.7B	3.7B	5.6B	8.0B	8.3B
Intangible Assets	2.6B	4.4B	5.4B	5.5B	5.7B	3.3B
Common Stock	523K	517K	553K	535K	525K	540.1K

Pair Trading with ZTO Express

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZTO Express position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZTO Express will appreciate offsetting losses from the drop in the long position's value.

Moving against ZTO Stock

0.78	FDX	FedEx	Pair Corr
0.57	HUBG	Hub Group	Pair Corr
0.43	AIRTP	Air T Inc	Pair Corr
0.36	JBHT	JB Hunt Transport Fiscal Year End 16th of January 2025	Pair Corr

The ability to find closely correlated positions to ZTO Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZTO Express when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZTO Express - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZTO Express to buy it.

The correlation of ZTO Express is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZTO Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZTO Express moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ZTO Express can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether ZTO Express offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZTO Express' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zto Express Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zto Express Stock:

How To Invest In ZTO

Details

Is ZTO Stock a good investment?

Details

What is ZTO Express' Net Worth?

Details

Largest Air Freight & Logistics Companies

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Largest Integrated Freight & Logistics Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZTO Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ZTO Express. If investors know ZTO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ZTO Express listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.028

Earnings Share

1.44

Revenue Per Share

50.089

Quarterly Revenue Growth

0.101

Return On Assets

0.0775

The market value of ZTO Express is measured differently than its book value, which is the value of ZTO that is recorded on the company's balance sheet. Investors also form their own opinion of ZTO Express' value that differs from its market value or its book value, called intrinsic value, which is ZTO Express' 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 ZTO Express' market value can be influenced by many factors that don't directly affect ZTO Express' 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 ZTO Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if ZTO Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZTO Express' 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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ZTO Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

ZTO Express fundamental ratios Correlations

ZTO Express Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ZTO Express fundamental ratios Accounts

Pair Trading with ZTO Express

Moving against ZTO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Retained Earnings
Other Current Liab	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets

Inventory	- 0.47	Net Debt
Cash	- 0.39	Net Debt
Other Stockholder Equity	- 0.36	Net Debt
Other Assets	- 0.35	Net Debt
Capital Surpluse	- 0.32	Net Debt
Good Will	- 0.29	Net Debt