Jilin Income Before Tax vs Net Income From Continuing Ops Analysis

000420 Stock

4.30 0.39 9.97%

Jilin Chemical financial indicator trend analysis is infinitely more than just investigating Jilin Chemical Fibre recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jilin Chemical Fibre is a good investment. Please check the relationship between Jilin Chemical Income Before Tax 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 Jilin Chemical Fibre. 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.

Income Before Tax vs Net Income From Continuing Ops

Income Before Tax 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 Jilin Chemical Fibre Income Before Tax account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Jilin Chemical's Income Before Tax and Net Income From Continuing Ops is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Jilin Chemical Fibre, assuming nothing else is changed. The correlation between historical values of Jilin Chemical's Income Before Tax 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 Income Before Tax of Jilin Chemical Fibre 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 Income Before Tax i.e., Jilin Chemical's Income Before Tax and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Jilin Chemical income statement and is an important metric when analyzing Jilin Chemical Fibre 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 From Continuing Ops

Most indicators from Jilin Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jilin Chemical Fibre 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 Jilin Chemical Fibre. 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.

The current year's Selling General Administrative is expected to grow to about 94 M, whereas Tax Provision is projected to grow to (19.2 M).

	2021	2022	2023	2024 (projected)
Operating Income	143.9M	143.1M	323.1M	339.2M
Total Revenue	3.6B	3.7B	3.7B	2.1B

Operating Income Total Revenue

Jilin Chemical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		-0.33	0.8	0.93	0.03	-0.15	0.94	0.64	0.2	0.66	0.86	0.48	0.72	-0.26	0.96	0.85	0.91	0.99	0.88	0.78	0.93	0.93	0.91	0.97	-0.93	0.87
Other Current Liab	-0.33		-0.17	-0.44	0.57	-0.35	-0.26	-0.26	0.09	-0.17	-0.36	0.31	-0.17	0.22	-0.22	-0.24	-0.36	-0.31	-0.35	-0.29	-0.38	-0.47	-0.37	-0.39	0.32	-0.41
Total Current Liabilities	0.8	-0.17		0.64	0.28	-0.23	0.9	0.77	0.28	0.36	0.52	0.45	0.88	-0.01	0.85	0.72	0.69	0.82	0.76	0.48	0.86	0.81	0.89	0.85	-0.87	0.51
Total Stockholder Equity	0.93	-0.44	0.64		-0.27	-0.01	0.78	0.55	0.24	0.49	0.85	0.34	0.52	-0.15	0.79	0.87	0.96	0.9	0.93	0.73	0.91	0.92	0.88	0.9	-0.85	0.81
Other Liab	0.03	0.57	0.28	-0.27		-0.54	0.24	0.2	0.18	0.3	-0.19	0.52	0.32	-0.05	0.26	-0.17	-0.21	0.04	-0.16	-0.04	-0.09	-0.13	-0.08	-0.02	0.02	-0.04
Retained Earnings	-0.15	-0.35	-0.23	-0.01	-0.54		-0.25	-0.25	-0.43	-0.16	-0.09	-0.86	-0.18	-0.15	-0.24	-0.04	-0.11	-0.09	-0.05	-0.19	-0.02	-0.08	-0.02	-0.06	0.0	-0.1
Accounts Payable	0.94	-0.26	0.9	0.78	0.24	-0.25		0.69	0.21	0.61	0.72	0.5	0.81	-0.17	0.97	0.76	0.78	0.93	0.78	0.72	0.88	0.86	0.86	0.92	-0.9	0.74
Cash	0.64	-0.26	0.77	0.55	0.2	-0.25	0.69		0.55	0.28	0.36	0.44	0.58	0.16	0.64	0.51	0.63	0.61	0.71	0.27	0.71	0.78	0.73	0.6	-0.63	0.38
Other Assets	0.2	0.09	0.28	0.24	0.18	-0.43	0.21	0.55		-0.01	-0.09	0.46	0.11	0.32	0.15	0.32	0.4	0.17	0.42	-0.05	0.27	0.29	0.29	0.11	-0.08	-0.02
Long Term Debt	0.66	-0.17	0.36	0.49	0.3	-0.16	0.61	0.28	-0.01		0.73	0.35	0.38	-0.7	0.72	0.33	0.39	0.63	0.32	0.74	0.4	0.48	0.37	0.6	-0.46	0.87
Net Receivables	0.86	-0.36	0.52	0.85	-0.19	-0.09	0.72	0.36	-0.09	0.73		0.35	0.43	-0.45	0.79	0.67	0.74	0.82	0.66	0.89	0.71	0.78	0.68	0.86	-0.75	0.95
Short Term Investments	0.48	0.31	0.45	0.34	0.52	-0.86	0.5	0.44	0.46	0.35	0.35		0.38	0.07	0.54	0.42	0.45	0.45	0.39	0.32	0.37	0.38	0.35	0.36	-0.35	0.37
Inventory	0.72	-0.17	0.88	0.52	0.32	-0.18	0.81	0.58	0.11	0.38	0.43	0.38		-0.16	0.8	0.58	0.6	0.77	0.67	0.47	0.77	0.71	0.78	0.74	-0.81	0.48
Other Current Assets	-0.26	0.22	-0.01	-0.15	-0.05	-0.15	-0.17	0.16	0.32	-0.7	-0.45	0.07	-0.16		-0.33	-0.03	-0.03	-0.28	0.03	-0.49	-0.06	-0.16	-0.04	-0.26	0.19	-0.58
Total Liab	0.96	-0.22	0.85	0.79	0.26	-0.24	0.97	0.64	0.15	0.72	0.79	0.54	0.8	-0.33		0.77	0.78	0.96	0.77	0.75	0.87	0.86	0.84	0.92	-0.91	0.83
Intangible Assets	0.85	-0.24	0.72	0.87	-0.17	-0.04	0.76	0.51	0.32	0.33	0.67	0.42	0.58	-0.03	0.77		0.91	0.88	0.88	0.51	0.91	0.82	0.89	0.84	-0.88	0.61
Common Stock	0.91	-0.36	0.69	0.96	-0.21	-0.11	0.78	0.63	0.4	0.39	0.74	0.45	0.6	-0.03	0.78	0.91		0.9	0.98	0.63	0.94	0.93	0.91	0.85	-0.86	0.7
Property Plant Equipment	0.99	-0.31	0.82	0.9	0.04	-0.09	0.93	0.61	0.17	0.63	0.82	0.45	0.77	-0.28	0.96	0.88	0.9		0.88	0.74	0.95	0.92	0.92	0.96	-0.96	0.83
Net Tangible Assets	0.88	-0.35	0.76	0.93	-0.16	-0.05	0.78	0.71	0.42	0.32	0.66	0.39	0.67	0.03	0.77	0.88	0.98	0.88		0.54	0.96	0.94	0.95	0.85	-0.87	0.63
Deferred Long Term Liab	0.78	-0.29	0.48	0.73	-0.04	-0.19	0.72	0.27	-0.05	0.74	0.89	0.32	0.47	-0.49	0.75	0.51	0.63	0.74	0.54		0.58	0.67	0.57	0.77	-0.63	0.88
Short Long Term Debt	0.93	-0.38	0.86	0.91	-0.09	-0.02	0.88	0.71	0.27	0.4	0.71	0.37	0.77	-0.06	0.87	0.91	0.94	0.95	0.96	0.58		0.96	0.99	0.93	-0.96	0.68
Total Current Assets	0.93	-0.47	0.81	0.92	-0.13	-0.08	0.86	0.78	0.29	0.48	0.78	0.38	0.71	-0.16	0.86	0.82	0.93	0.92	0.94	0.67	0.96		0.95	0.92	-0.92	0.76
Short Term Debt	0.91	-0.37	0.89	0.88	-0.08	-0.02	0.86	0.73	0.29	0.37	0.68	0.35	0.78	-0.04	0.84	0.89	0.91	0.92	0.95	0.57	0.99	0.95		0.93	-0.94	0.65
Non Current Assets Total	0.97	-0.39	0.85	0.9	-0.02	-0.06	0.92	0.6	0.11	0.6	0.86	0.36	0.74	-0.26	0.92	0.84	0.85	0.96	0.85	0.77	0.93	0.92	0.93		-0.94	0.84
Non Currrent Assets Other	-0.93	0.32	-0.87	-0.85	0.02	0.0	-0.9	-0.63	-0.08	-0.46	-0.75	-0.35	-0.81	0.19	-0.91	-0.88	-0.86	-0.96	-0.87	-0.63	-0.96	-0.92	-0.94	-0.94		-0.71
Non Current Liabilities Total	0.87	-0.41	0.51	0.81	-0.04	-0.1	0.74	0.38	-0.02	0.87	0.95	0.37	0.48	-0.58	0.83	0.61	0.7	0.83	0.63	0.88	0.68	0.76	0.65	0.84	-0.71

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Jilin Chemical Account Relationship Matchups

Jilin Chemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.5B	8.7B	8.8B	10.5B	10.7B	11.2B
Other Current Liab	105.2M	139.7M	171.4M	120.4M	288.7M	240.5M
Total Current Liabilities	4.7B	5.0B	5.2B	5.1B	4.8B	2.5B
Total Stockholder Equity	3.0B	3.1B	3.0B	4.3B	4.4B	4.6B
Other Liab	33.0M	32.5M	30.5M	29.5M	33.9M	26.8M
Retained Earnings	(350.1M)	(583.4M)	(661.8M)	(666.3M)	(634.1M)	(602.4M)
Accounts Payable	1.9B	1.9B	2.3B	2.5B	2.0B	2.1B
Cash	961.7M	885.6M	741.0M	894.6M	677.2M	442.3M
Other Assets	180.3M	208.9M	204.2M	196.9M	226.5M	122.5M
Long Term Debt	738.8M	482.5M	501.5M	774.6M	1.2B	1.3B
Net Receivables	494.4M	436.6M	509.7M	746.7M	825.7M	867.0M
Inventory	534.3M	730.9M	794.8M	455.9M	675.2M	440.5M
Other Current Assets	175.8M	158.7M	187.9M	203.8M	19.4M	18.5M
Total Liab	5.5B	5.6B	5.8B	6.2B	6.3B	6.6B
Intangible Assets	244.5M	232.9M	221.3M	212.9M	243.2M	255.4M
Property Plant Equipment	4.6B	5.5B	5.5B	5.6B	6.5B	6.8B
Net Tangible Assets	2.7B	2.8B	2.9B	2.7B	3.2B	2.7B
Deferred Long Term Liab	698.9K	603.2K	431.0K	3.9M	4.5M	4.7M
Short Long Term Debt	2.1B	2.2B	2.0B	2.0B	2.1B	1.8B
Total Current Assets	2.2B	2.4B	2.2B	2.4B	2.4B	2.1B
Non Current Assets Total	6.3B	6.3B	6.5B	8.1B	8.3B	6.7B
Non Currrent Assets Other	146.7M	91.1M	121.7M	139.3M	123.8M	141.8M
Non Current Liabilities Total	771.3M	594.4M	614.6M	1.1B	1.5B	1.6B
Net Debt	1.6B	1.8B	1.7B	1.9B	2.7B	1.9B
Net Invested Capital	5.6B	5.8B	5.4B	7.1B	7.7B	6.4B
Net Working Capital	(2.5B)	(2.6B)	(3.0B)	(2.7B)	(2.4B)	(2.5B)

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Other Information on Investing in Jilin Stock

Balance Sheet is a snapshot of the financial position of Jilin Chemical Fibre at a specified time, usually calculated after every quarter, six months, or one year. Jilin Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jilin Chemical 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 Jilin currently owns. An asset can also be divided into two categories, current and non-current.

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Jilin Income Before Tax vs Net Income From Continuing Ops Analysis

Income Before Tax vs Net Income From Continuing Ops

Income Before Tax vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income From Continuing Ops

Jilin Chemical fundamental ratios Correlations

Jilin Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Jilin Chemical fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant Equipment	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Short Long Term Debt
Net Tangible Assets	+ 0.98	Common Stock
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Accounts Payable
Total Liab	+ 0.96	Total Assets

Non Currrent Assets Other	- 0.96	Short Long Term Debt
Non Currrent Assets Other	- 0.96	Property Plant Equipment
Non Currrent Assets Other	- 0.94	Non Current Assets Total
Non Currrent Assets Other	- 0.94	Short Term Debt
Non Currrent Assets Other	- 0.93	Total Assets
Non Currrent Assets Other	- 0.92	Total Current Assets