Sieyuan Operating Income vs Income Tax Expense Analysis

002028 Stock

70.77 1.17 1.63%

Sieyuan Electric financial indicator trend analysis is much more than just breaking down Sieyuan Electric prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sieyuan Electric is a good investment. Please check the relationship between Sieyuan Electric Operating Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sieyuan Electric Co. 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.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sieyuan Electric Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Sieyuan Electric's Operating Income and Income Tax Expense is 0.46. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Sieyuan Electric Co, assuming nothing else is changed. The correlation between historical values of Sieyuan Electric's Operating Income and Income Tax Expense 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 Sieyuan Electric Co are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Sieyuan Electric's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

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Operating Income

Operating Income is the amount of profit realized from Sieyuan Electric 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 Sieyuan Electric Co 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.

Income Tax Expense

Most indicators from Sieyuan Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sieyuan Electric 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 Sieyuan Electric Co. 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 572 M, whereas Tax Provision is forecasted to decline to about 87 M.

	2021	2022	2023	2024 (projected)
Operating Income	1.5B	1.5B	2.0B	2.1B
Total Revenue	8.7B	10.5B	12.5B	13.1B

Operating Income Total Revenue

Sieyuan Electric fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Other Assets	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Non Current Liabilities Other
Total Assets		0.2	0.99	1.0	1.0	1.0	0.96	0.88	0.98	0.21	1.0	0.92	0.56	0.95	0.94	0.87	0.76	0.75	0.86	0.67	0.85	0.87	0.87	0.84	0.8	0.87
Other Current Liab	0.2		0.14	0.24	0.17	0.17	0.09	0.12	0.28	0.59	0.15	0.08	0.5	0.1	0.25	0.09	-0.22	-0.48	0.32	0.47	0.33	0.19	0.43	-0.33	0.48	0.38
Total Current Liabilities	0.99	0.14		0.98	0.99	1.0	0.96	0.88	0.98	0.15	1.0	0.91	0.52	0.93	0.93	0.86	0.78	0.79	0.85	0.63	0.86	0.87	0.86	0.87	0.76	0.86
Total Stockholder Equity	1.0	0.24	0.98		0.99	0.99	0.96	0.88	0.98	0.25	0.99	0.92	0.6	0.95	0.94	0.87	0.74	0.71	0.86	0.69	0.83	0.86	0.87	0.81	0.81	0.86
Retained Earnings	1.0	0.17	0.99	0.99		0.99	0.96	0.91	0.97	0.18	0.99	0.93	0.58	0.95	0.92	0.86	0.79	0.76	0.85	0.62	0.83	0.86	0.84	0.85	0.76	0.84
Accounts Payable	1.0	0.17	1.0	0.99	0.99		0.96	0.88	0.98	0.17	1.0	0.91	0.53	0.93	0.93	0.85	0.78	0.77	0.86	0.64	0.87	0.88	0.87	0.86	0.78	0.87
Cash	0.96	0.09	0.96	0.96	0.96	0.96		0.86	0.93	0.2	0.96	0.94	0.54	0.92	0.87	0.89	0.74	0.79	0.78	0.54	0.8	0.82	0.77	0.86	0.68	0.79
Net Receivables	0.88	0.12	0.88	0.88	0.91	0.88	0.86		0.82	0.05	0.88	0.83	0.71	0.83	0.71	0.68	0.73	0.68	0.64	0.36	0.74	0.68	0.63	0.71	0.5	0.62
Inventory	0.98	0.28	0.98	0.98	0.97	0.98	0.93	0.82		0.25	0.98	0.89	0.54	0.91	0.96	0.85	0.68	0.68	0.88	0.76	0.88	0.87	0.92	0.79	0.86	0.91
Other Current Assets	0.21	0.59	0.15	0.25	0.18	0.17	0.2	0.05	0.25		0.16	0.29	0.14	0.31	0.26	0.49	-0.05	-0.19	0.26	0.33	0.14	0.2	0.28	-0.07	0.39	0.26
Total Liab	1.0	0.15	1.0	0.99	0.99	1.0	0.96	0.88	0.98	0.16		0.91	0.52	0.94	0.94	0.86	0.78	0.78	0.86	0.64	0.86	0.88	0.86	0.87	0.78	0.87
Intangible Assets	0.92	0.08	0.91	0.92	0.93	0.91	0.94	0.83	0.89	0.29	0.91		0.48	0.97	0.84	0.94	0.8	0.78	0.74	0.49	0.67	0.79	0.69	0.85	0.65	0.74
Common Stock	0.56	0.5	0.52	0.6	0.58	0.53	0.54	0.71	0.54	0.14	0.52	0.48		0.44	0.41	0.33	0.24	0.12	0.53	0.39	0.53	0.49	0.52	0.19	0.41	0.49
Property Plant Equipment	0.95	0.1	0.93	0.95	0.95	0.93	0.92	0.83	0.91	0.31	0.94	0.97	0.44		0.9	0.94	0.83	0.78	0.8	0.59	0.68	0.84	0.76	0.86	0.74	0.77
Other Liab	0.94	0.25	0.93	0.94	0.92	0.93	0.87	0.71	0.96	0.26	0.94	0.84	0.41	0.9		0.85	0.67	0.67	0.9	0.84	0.78	0.88	0.93	0.8	0.93	0.92
Other Assets	0.87	0.09	0.86	0.87	0.86	0.85	0.89	0.68	0.85	0.49	0.86	0.94	0.33	0.94	0.85		0.7	0.73	0.76	0.57	0.63	0.79	0.72	0.82	0.71	0.73
Short Term Investments	0.76	-0.22	0.78	0.74	0.79	0.78	0.74	0.73	0.68	-0.05	0.78	0.8	0.24	0.83	0.67	0.7		0.82	0.6	0.24	0.46	0.7	0.47	0.85	0.45	0.55
Good Will	0.75	-0.48	0.79	0.71	0.76	0.77	0.79	0.68	0.68	-0.19	0.78	0.78	0.12	0.78	0.67	0.73	0.82		0.55	0.27	0.54	0.64	0.48	0.98	0.38	0.52
Net Tangible Assets	0.86	0.32	0.85	0.86	0.85	0.86	0.78	0.64	0.88	0.26	0.86	0.74	0.53	0.8	0.9	0.76	0.6	0.55		0.81	0.77	0.98	0.94	0.68	0.92	0.96
Other Stockholder Equity	0.67	0.47	0.63	0.69	0.62	0.64	0.54	0.36	0.76	0.33	0.64	0.49	0.39	0.59	0.84	0.57	0.24	0.27	0.81		0.62	0.7	0.89	0.43	0.94	0.83
Long Term Investments	0.85	0.33	0.86	0.83	0.83	0.87	0.8	0.74	0.88	0.14	0.86	0.67	0.53	0.68	0.78	0.63	0.46	0.54	0.77	0.62		0.74	0.88	0.62	0.7	0.82
Total Current Assets	0.87	0.19	0.87	0.86	0.86	0.88	0.82	0.68	0.87	0.2	0.88	0.79	0.49	0.84	0.88	0.79	0.7	0.64	0.98	0.7	0.74		0.89	0.76	0.85	0.94
Non Current Assets Total	0.87	0.43	0.86	0.87	0.84	0.87	0.77	0.63	0.92	0.28	0.86	0.69	0.52	0.76	0.93	0.72	0.47	0.48	0.94	0.89	0.88	0.89		0.62	0.95	0.96
Non Currrent Assets Other	0.84	-0.33	0.87	0.81	0.85	0.86	0.86	0.71	0.79	-0.07	0.87	0.85	0.19	0.86	0.8	0.82	0.85	0.98	0.68	0.43	0.62	0.76	0.62		0.55	0.66
Non Current Liabilities Total	0.8	0.48	0.76	0.81	0.76	0.78	0.68	0.5	0.86	0.39	0.78	0.65	0.41	0.74	0.93	0.71	0.45	0.38	0.92	0.94	0.7	0.85	0.95	0.55		0.93
Non Current Liabilities Other	0.87	0.38	0.86	0.86	0.84	0.87	0.79	0.62	0.91	0.26	0.87	0.74	0.49	0.77	0.92	0.73	0.55	0.52	0.96	0.83	0.82	0.94	0.96	0.66	0.93

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Sieyuan Electric Account Relationship Matchups

Sieyuan Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.8B	11.1B	13.9B	15.7B	18.7B	19.7B
Other Current Liab	816.8M	1.1B	1.2B	1.4B	80.6M	76.6M
Total Current Liabilities	3.6B	4.2B	5.0B	6.0B	7.9B	8.2B
Total Stockholder Equity	5.0B	6.5B	8.4B	9.2B	10.4B	10.9B
Retained Earnings	4.2B	5.1B	6.1B	7.6B	9.1B	9.5B
Accounts Payable	2.4B	2.6B	3.3B	4.1B	5.0B	5.2B
Cash	1.7B	2.2B	1.9B	2.5B	3.3B	3.5B
Net Receivables	3.1B	2.1B	2.7B	3.5B	4.3B	4.6B
Inventory	1.5B	1.9B	2.6B	2.5B	2.9B	3.0B
Other Current Assets	195.9M	246.4M	403.6M	535.5M	131.7M	210.3M
Total Liab	3.6B	4.4B	5.3B	6.3B	8.1B	8.5B
Intangible Assets	249.5M	256.1M	289.4M	393.8M	482.3M	506.5M
Property Plant Equipment	533.2M	666.9M	1.1B	1.4B	1.6B	1.7B
Other Liab	50.8M	160.2M	291.1M	244.4M	281.1M	295.1M
Other Assets	128.4M	206.4M	296.3M	374.7M	431.0M	452.5M
Short Term Investments	283.7M	120.8M	161.2M	1.2B	1.6B	1.7B
Net Tangible Assets	4.7B	6.2B	8.0B	8.7B	10.0B	6.0B
Other Stockholder Equity	(35.9M)	526.5M	1.3B	486.5M	559.5M	306.8M
Total Current Assets	6.8B	8.1B	9.5B	12.1B	14.8B	9.0B
Non Current Assets Total	2.0B	3.0B	4.4B	3.6B	4.0B	2.9B
Non Currrent Assets Other	11.4M	71.3M	93.9M	111.9M	430.4M	452.0M
Non Current Liabilities Total	50.8M	160.2M	306.6M	258.2M	216.9M	151.7M
Non Current Liabilities Other	27.0M	38.9M	50.4M	50.1M	59.5M	32.8M
Net Invested Capital	5.1B	6.6B	8.4B	9.3B	10.5B	7.7B
Net Working Capital	3.2B	3.9B	4.5B	6.1B	6.9B	4.8B
Deferred Long Term Liab	3.0M	1.8M	11.0M	19.9M	22.9M	24.0M
Short Long Term Debt	25.0M	52.9M	43.3M	109.3M	81.8M	76.6M

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Other Information on Investing in Sieyuan Stock

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

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Sieyuan Operating Income vs Income Tax Expense Analysis

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Operating Income

Income Tax Expense

Sieyuan Electric fundamental ratios Correlations

Sieyuan Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sieyuan Electric fundamental ratios Accounts

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Other Information on Investing in Sieyuan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities

Good Will	- 0.48	Other Current Liab
Non Currrent Assets Other	- 0.33	Other Current Liab
Short Term Investments	- 0.22	Other Current Liab
Good Will	- 0.19	Other Current Assets
Non Currrent Assets Other	- 0.07	Other Current Assets
Short Term Investments	- 0.05	Other Current Assets