Zhongrun Income Before Tax vs Cost Of Revenue Analysis

000506 Stock

5.63 0.30 5.06%

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

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongrun Resources Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Zhongrun Resources' Income Before Tax and Cost Of Revenue is 0.11. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Zhongrun Resources Investment, assuming nothing else is changed. The correlation between historical values of Zhongrun Resources' Income Before Tax and Cost Of Revenue 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 Zhongrun Resources Investment are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Zhongrun Resources' Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

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

Cost Of Revenue

Cost of Revenue is found on Zhongrun Resources income statement and represents the costs associated with goods and services Zhongrun Resources provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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

The current year's Selling General Administrative is expected to grow to about 75.2 M, whereas Tax Provision is projected to grow to (493.6 K).

Zhongrun Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Retained Earnings	Other Liab	Long Term Debt	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.91	0.92	0.71	0.83	0.63	0.0	0.43	0.93	0.72	0.94	0.4	0.19	-0.65	-0.45	0.64	0.04	0.67	0.5	0.1	-0.45	-0.23	0.48	-0.47	-0.24	0.46
Other Current Liab	0.91		0.93	0.58	0.9	0.69	-0.17	0.4	0.99	0.78	0.93	0.47	-0.04	-0.79	-0.2	0.66	-0.27	0.7	0.57	-0.02	-0.65	-0.34	0.66	-0.67	-0.47	0.65
Total Current Liabilities	0.92	0.93		0.46	0.82	0.63	0.07	0.21	0.93	0.85	0.99	0.27	0.05	-0.67	-0.35	0.45	-0.19	0.76	0.34	-0.01	-0.4	-0.22	0.42	-0.43	-0.33	0.37
Total Stockholder Equity	0.71	0.58	0.46		0.66	0.58	-0.39	0.84	0.61	0.19	0.47	0.8	0.32	-0.44	-0.45	0.89	0.12	0.06	0.71	0.36	-0.56	-0.02	0.63	-0.49	-0.39	0.57
Accounts Payable	0.83	0.9	0.82	0.66		0.65	-0.26	0.47	0.91	0.7	0.8	0.58	0.07	-0.69	-0.26	0.71	-0.24	0.48	0.6	0.0	-0.58	-0.26	0.66	-0.66	-0.51	0.62
Cash	0.63	0.69	0.63	0.58	0.65		-0.36	0.51	0.67	0.56	0.6	0.71	0.04	-0.43	-0.13	0.65	-0.31	0.23	0.57	0.43	-0.62	-0.05	0.68	-0.46	-0.52	0.6
Other Assets	0.0	-0.17	0.07	-0.39	-0.26	-0.36		-0.65	-0.18	0.03	0.11	-0.7	0.35	0.31	-0.45	-0.67	0.35	0.37	-0.75	-0.21	0.8	-0.14	-0.82	0.59	0.69	-0.57
Net Receivables	0.43	0.4	0.21	0.84	0.47	0.51	-0.65		0.42	-0.08	0.22	0.86	0.14	-0.33	-0.18	0.87	-0.09	-0.11	0.72	0.45	-0.64	0.2	0.72	-0.44	-0.59	0.55
Inventory	0.93	0.99	0.93	0.61	0.91	0.67	-0.18	0.42		0.77	0.93	0.47	-0.04	-0.8	-0.21	0.69	-0.21	0.7	0.6	0.0	-0.65	-0.29	0.66	-0.66	-0.46	0.62
Other Current Assets	0.72	0.78	0.85	0.19	0.7	0.56	0.03	-0.08	0.77		0.84	0.1	-0.11	-0.54	-0.1	0.26	-0.15	0.66	0.3	-0.09	-0.35	-0.21	0.34	-0.38	-0.25	0.34
Total Liab	0.94	0.93	0.99	0.47	0.8	0.6	0.11	0.22	0.93	0.84		0.24	0.01	-0.69	-0.33	0.46	-0.15	0.82	0.36	0.01	-0.38	-0.23	0.41	-0.43	-0.31	0.39
Intangible Assets	0.4	0.47	0.27	0.8	0.58	0.71	-0.7	0.86	0.47	0.1	0.24		0.17	-0.3	-0.16	0.85	-0.27	-0.23	0.73	0.5	-0.71	0.14	0.81	-0.5	-0.7	0.67
Common Stock	0.19	-0.04	0.05	0.32	0.07	0.04	0.35	0.14	-0.04	-0.11	0.01	0.17		0.51	-0.89	-0.07	0.55	-0.25	-0.34	0.11	0.34	0.27	-0.34	0.47	0.34	-0.34
Property Plant Equipment	-0.65	-0.79	-0.67	-0.44	-0.69	-0.43	0.31	-0.33	-0.8	-0.54	-0.69	-0.3	0.51		-0.22	-0.64	0.45	-0.66	-0.67	0.22	0.71	0.53	-0.69	0.87	0.53	-0.72
Short Term Investments	-0.45	-0.2	-0.35	-0.45	-0.26	-0.13	-0.45	-0.18	-0.21	-0.1	-0.33	-0.16	-0.89	-0.22		-0.03	-0.45	-0.05	0.27	-0.07	-0.3	-0.19	0.29	-0.34	-0.19	0.28
Retained Earnings	0.64	0.66	0.45	0.89	0.71	0.65	-0.67	0.87	0.69	0.26	0.46	0.85	-0.07	-0.64	-0.03		-0.15	0.13	0.94	0.34	-0.83	-0.1	0.9	-0.75	-0.62	0.82
Other Liab	0.04	-0.27	-0.19	0.12	-0.24	-0.31	0.35	-0.09	-0.21	-0.15	-0.15	-0.27	0.55	0.45	-0.45	-0.15		-0.1	-0.2	0.04	0.38	0.29	-0.45	0.45	0.62	-0.42
Long Term Debt	0.67	0.7	0.76	0.06	0.48	0.23	0.37	-0.11	0.7	0.66	0.82	-0.23	-0.25	-0.66	-0.05	0.13	-0.1		0.13	-0.24	-0.15	-0.41	0.12	-0.33	-0.02	0.25
Net Tangible Assets	0.5	0.57	0.34	0.71	0.6	0.57	-0.75	0.72	0.6	0.3	0.36	0.73	-0.34	-0.67	0.27	0.94	-0.2	0.13		0.34	-0.86	-0.14	0.93	-0.8	-0.61	0.86
Other Stockholder Equity	0.1	-0.02	-0.01	0.36	0.0	0.43	-0.21	0.45	0.0	-0.09	0.01	0.5	0.11	0.22	-0.07	0.34	0.04	-0.24	0.34		-0.08	0.51	0.27	0.2	-0.2	0.18
Long Term Investments	-0.45	-0.65	-0.4	-0.56	-0.58	-0.62	0.8	-0.64	-0.65	-0.35	-0.38	-0.71	0.34	0.71	-0.3	-0.83	0.38	-0.15	-0.86	-0.08		0.18	-0.94	0.83	0.71	-0.82
Short Long Term Debt	-0.23	-0.34	-0.22	-0.02	-0.26	-0.05	-0.14	0.2	-0.29	-0.21	-0.23	0.14	0.27	0.53	-0.19	-0.1	0.29	-0.41	-0.14	0.51	0.18		-0.15	0.59	-0.19	-0.44
Total Current Assets	0.48	0.66	0.42	0.63	0.66	0.68	-0.82	0.72	0.66	0.34	0.41	0.81	-0.34	-0.69	0.29	0.9	-0.45	0.12	0.93	0.27	-0.94	-0.15		-0.83	-0.76	0.87
Short Term Debt	-0.47	-0.67	-0.43	-0.49	-0.66	-0.46	0.59	-0.44	-0.66	-0.38	-0.43	-0.5	0.47	0.87	-0.34	-0.75	0.45	-0.33	-0.8	0.2	0.83	0.59	-0.83		0.56	-0.86
Non Current Assets Total	-0.24	-0.47	-0.33	-0.39	-0.51	-0.52	0.69	-0.59	-0.46	-0.25	-0.31	-0.7	0.34	0.53	-0.19	-0.62	0.62	-0.02	-0.61	-0.2	0.71	-0.19	-0.76	0.56		-0.56
Non Currrent Assets Other	0.46	0.65	0.37	0.57	0.62	0.6	-0.57	0.55	0.62	0.34	0.39	0.67	-0.34	-0.72	0.28	0.82	-0.42	0.25	0.86	0.18	-0.82	-0.44	0.87	-0.86	-0.56

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Zhongrun Resources Account Relationship Matchups

Zhongrun Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.3B	1.7B	1.7B	2.3B	2.7B	2.6B
Other Current Liab	445.7M	673.3M	538.7M	143.3M	164.8M	156.5M
Total Current Liabilities	1.7B	1.3B	915.7M	907.0M	1.0B	1.5B
Total Stockholder Equity	534.7M	374.6M	642.3M	696.8M	801.3M	896.7M
Accounts Payable	134.1M	149.1M	124.1M	70.5M	63.5M	60.3M
Cash	124.6M	10.2M	7.8M	5.2M	4.7M	4.5M
Other Assets	738.8M	706.0M	674.9M	658.4M	757.2M	795.1M
Net Receivables	477.8M	2.0M	50.3M	17.8M	20.4M	19.4M
Inventory	577.7M	180.5M	188.2M	83.3M	75.0M	71.2M
Other Current Assets	79.9M	132.0M	37.6M	19.6M	17.6M	16.7M
Total Liab	1.7B	1.3B	1.0B	997.6M	1.1B	1.7B
Intangible Assets	149.3M	68.4M	62.0M	124.9K	112.4K	106.8K
Property Plant Equipment	591.4M	554.6M	525.9M	561.3M	645.4M	359.2M
Retained Earnings	(435.4M)	(564.5M)	(311.5M)	(365.9M)	(329.3M)	(312.9M)
Other Liab	85.0M	26.1M	30.2M	119.2M	137.1M	71.3M
Net Tangible Assets	838.6M	385.4M	306.2M	580.4M	522.3M	593.1M
Other Stockholder Equity	10.1M	(10.3M)	(41.2M)	(26.5M)	(23.9M)	(22.7M)
Short Long Term Debt	100.9M	92.2M	280.3M	85.2M	76.7M	72.8M
Total Current Assets	865.2M	372.9M	386.2M	229.4M	206.5M	196.1M
Non Current Assets Total	1.5B	1.3B	1.3B	2.1B	2.4B	1.5B
Non Current Liabilities Total	26.1M	33.5M	129.9M	90.6M	81.5M	110.8M
Non Current Liabilities Other	21.9M	26.2M	115.4M	79.2M	71.3M	66.1M
Net Invested Capital	635.5M	466.8M	922.6M	782.0M	703.8M	809.8M
Net Working Capital	(858.2M)	(880.0M)	(529.5M)	(677.6M)	(609.8M)	(640.3M)
Property Plant And Equipment Net	554.6M	525.9M	561.3M	1.9B	2.2B	2.3B
Property Plant And Equipment Gross	1.1B	1.0B	561.3M	2.7B	3.1B	3.3B

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Other Information on Investing in Zhongrun Stock

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

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Zhongrun Income Before Tax vs Cost Of Revenue Analysis

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Cost Of Revenue

Zhongrun Resources fundamental ratios Correlations

Zhongrun Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhongrun Resources fundamental ratios Accounts

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Other Information on Investing in Zhongrun Stock

COMMON DESTINATIONS

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COMPANY

Inventory	+ 0.99	Other Current Liab
Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.94	Total Assets
Net Tangible Assets	+ 0.94	Retained Earnings
Inventory	+ 0.93	Total Assets
Total Current Liabilities	+ 0.93	Other Current Liab

Total Current Assets	- 0.94	Long Term Investments
Short Term Investments	- 0.89	Common Stock
Non Currrent Assets Other	- 0.86	Short Term Debt
Long Term Investments	- 0.86	Net Tangible Assets
Short Term Debt	- 0.83	Total Current Assets
Long Term Investments	- 0.83	Retained Earnings