TongFu Net Income vs Net Income From Continuing Ops Analysis

002156 Stock   29.79  0.01  0.03%   
TongFu Microelectronics financial indicator trend analysis is much more than just breaking down TongFu Microelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TongFu Microelectronics is a good investment. Please check the relationship between TongFu Microelectronics Net Income 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 TongFu Microelectronics 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.

Net Income vs Net Income From Continuing Ops

Net Income 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 TongFu Microelectronics Net Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.
The correlation between TongFu Microelectronics' Net Income and Net Income From Continuing Ops is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of TongFu Microelectronics Co, assuming nothing else is changed. The correlation between historical values of TongFu Microelectronics' Net Income 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 Net Income of TongFu Microelectronics Co 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 Net Income i.e., TongFu Microelectronics' Net Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

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

Net Income From Continuing Ops

Most indicators from TongFu Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TongFu Microelectronics 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 TongFu Microelectronics 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 197 M. The current year's Tax Provision is expected to grow to about 27 M
 2021 2022 2023 2024 (projected)
Gross Profit2.7B3.0B2.6B1.8B
Research Development1.1B1.3B1.2B748.0M

TongFu Microelectronics fundamental ratios Correlations

0.670.990.990.790.990.960.960.990.970.980.980.951.00.860.950.990.95-0.440.270.770.870.940.930.920.91
0.670.710.640.420.70.830.630.630.660.690.710.660.70.560.50.610.56-0.340.140.590.70.770.610.760.77
0.990.710.980.780.980.960.950.990.960.970.990.951.00.850.920.980.94-0.420.310.790.90.940.950.920.92
0.990.640.980.780.980.940.970.980.960.970.970.940.990.850.960.980.95-0.390.250.760.860.930.930.90.89
0.790.420.780.780.760.740.770.730.620.750.760.870.770.960.870.740.59-0.030.340.80.850.680.840.590.61
0.990.70.980.980.760.960.950.980.970.960.970.950.990.830.930.980.94-0.490.190.730.830.930.890.930.92
0.960.830.960.940.740.960.910.920.930.950.950.930.960.840.860.920.87-0.440.20.750.860.950.870.930.92
0.960.630.950.970.770.950.910.950.930.890.910.910.960.850.920.940.91-0.380.120.760.860.920.930.880.88
0.990.630.990.980.730.980.920.950.980.960.980.930.990.790.921.00.97-0.490.270.730.840.910.920.920.92
0.970.660.960.960.620.970.930.930.980.950.950.880.970.720.870.980.98-0.580.170.650.760.920.850.940.92
0.980.690.970.970.750.960.950.890.960.950.980.910.970.830.920.970.92-0.440.390.720.830.910.880.90.87
0.980.710.990.970.760.970.950.910.980.950.980.930.990.830.920.970.93-0.410.40.770.890.920.930.910.9
0.950.660.950.940.870.950.930.910.930.880.910.930.950.90.910.930.84-0.370.220.830.880.890.920.860.88
1.00.71.00.990.770.990.960.960.990.970.970.990.950.840.930.990.95-0.450.270.770.880.940.940.930.92
0.860.560.850.850.960.830.840.850.790.720.830.830.90.840.90.80.68-0.130.30.80.890.790.890.690.69
0.950.50.920.960.870.930.860.920.920.870.920.920.910.930.90.930.86-0.280.330.760.850.830.910.790.78
0.990.610.980.980.740.980.920.941.00.980.970.970.930.990.80.930.97-0.510.260.710.820.90.910.910.9
0.950.560.940.950.590.940.870.910.970.980.920.930.840.950.680.860.97-0.510.210.650.740.890.850.910.89
-0.44-0.34-0.42-0.39-0.03-0.49-0.44-0.38-0.49-0.58-0.44-0.41-0.37-0.45-0.13-0.28-0.51-0.510.190.08-0.06-0.38-0.18-0.52-0.5
0.270.140.310.250.340.190.20.120.270.170.390.40.220.270.30.330.260.210.190.340.390.210.340.140.14
0.770.590.790.760.80.730.750.760.730.650.720.770.830.770.80.760.710.650.080.340.940.830.880.760.79
0.870.70.90.860.850.830.860.860.840.760.830.890.880.880.890.850.820.74-0.060.390.940.880.970.80.83
0.940.770.940.930.680.930.950.920.910.920.910.920.890.940.790.830.90.89-0.380.210.830.880.880.970.97
0.930.610.950.930.840.890.870.930.920.850.880.930.920.940.890.910.910.85-0.180.340.880.970.880.820.84
0.920.760.920.90.590.930.930.880.920.940.90.910.860.930.690.790.910.91-0.520.140.760.80.970.820.99
0.910.770.920.890.610.920.920.880.920.920.870.90.880.920.690.780.90.89-0.50.140.790.830.970.840.99
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TongFu Microelectronics Account Relationship Matchups

TongFu Microelectronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.2B21.2B27.1B35.6B34.9B36.6B
Other Current Liab470.1M221.2M666.0M1.2B264.3M230.9M
Total Current Liabilities7.3B7.2B10.3B13.7B13.0B13.6B
Total Stockholder Equity6.1B9.6B10.4B13.8B13.9B14.6B
Other Liab1.4B1.4B1.5B1.3B1.5B1.6B
Retained Earnings1.1B1.5B2.4B2.9B2.7B2.8B
Accounts Payable2.0B2.6B4.1B6.0B3.8B4.0B
Cash2.2B4.1B4.2B4.2B4.5B4.7B
Other Assets432.9M522.6M799.3M1.0B1.2B1.2B
Long Term Debt993.0M2.4B4.2B6.0B6.0B6.3B
Net Receivables1.7B1.8B2.3B4.6B3.9B4.1B
Inventory1.9B1.4B2.1B3.5B3.1B3.3B
Other Current Assets224.2M290.1M457.3M445.0M418.8M439.7M
Total Liab9.7B11.2B16.1B21.1B20.2B21.2B
Intangible Assets288.7M352.3M318.3M359.3M327.0M343.4M
Property Plant Equipment8.1B10.3B15.6B19.5B22.5B23.6B
Net Tangible Assets4.7B8.2B9.2B12.4B14.2B14.9B
Other Stockholder Equity133.5M(3.9M)(101.2M)68.7M61.9M65.0M
Short Long Term Debt4.3B3.6B3.6B4.2B3.9B3.0B
Total Current Assets6.1B8.9B9.1B13.1B12.2B8.0B
Non Current Assets Total10.1B12.4B18.0B22.5B22.7B15.1B
Non Currrent Assets Other180.3M212.3M421.3M494.6M522.0M279.6M
Good Will1.1B1.0B964.4M1.1B1.1B1.2B
Non Current Liabilities Total2.4B4.0B5.8B7.3B7.2B4.5B
Non Current Liabilities Other1.1B1.0B978.9M638.4M432.0M755.1M
Net Debt2.8B1.9B3.7B6.0B5.4B3.5B
Net Invested Capital11.2B15.6B18.3B24.1B23.8B17.3B
Net Working Capital(1.2B)1.6B(1.1B)(614.6M)(803.0M)(762.9M)

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Other Information on Investing in TongFu Stock

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