Shenzhen Income Before Tax vs Total Revenue Analysis

002238 Stock

10.43 0.18 1.76%

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

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Topway Video Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Shenzhen Topway's Income Before Tax and Total Revenue is 0.57. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Shenzhen Topway Video, assuming nothing else is changed. The correlation between historical values of Shenzhen Topway's Income Before Tax and Total 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 Shenzhen Topway Video are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Shenzhen Topway's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Income Before Tax

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

Total Revenue

Total revenue comprises all receipts Shenzhen Topway Video generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Shenzhen Topway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Topway Video 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 Shenzhen Topway Video. 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 136.6 M, whereas Discontinued Operations is forecasted to decline to (39.4 K).

	2021	2022	2023	2024 (projected)
Operating Income	137.3M	91.6M	123.4M	165.4M
Total Revenue	1.8B	1.5B	1.5B	1.4B

Operating Income Total Revenue

Shenzhen Topway 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	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Non Current Liabilities Other	Common Stock Shares Outstanding
Total Assets		0.28	0.85	0.9	0.5	0.79	0.8	0.72	0.44	0.08	0.58	0.64	0.68	0.8	0.95	0.91	0.91	-0.12	0.16	0.84	-0.48	0.58	-0.32	0.29	-0.73	-0.16
Other Current Liab	0.28		0.04	0.43	0.11	0.6	-0.18	0.3	-0.02	0.24	-0.03	0.42	0.47	-0.04	0.42	0.19	0.22	0.45	0.57	0.17	0.05	-0.36	-0.11	-0.58	-0.11	0.55
Total Current Liabilities	0.85	0.04		0.55	0.51	0.39	0.86	0.4	0.52	0.08	0.68	0.77	0.36	0.99	0.73	0.96	0.77	-0.48	-0.2	0.81	-0.65	0.81	-0.55	0.4	-0.77	-0.21
Total Stockholder Equity	0.9	0.43	0.55		0.32	0.95	0.58	0.83	0.23	0.03	0.38	0.39	0.76	0.47	0.93	0.69	0.84	0.19	0.4	0.68	-0.25	0.26	-0.1	0.12	-0.54	-0.06
Other Liab	0.5	0.11	0.51	0.32		0.43	0.46	0.17	0.85	0.49	0.25	0.62	0.52	0.59	0.46	0.46	0.17	0.06	0.34	0.66	-0.31	0.35	-0.14	0.2	-0.56	-0.14
Retained Earnings	0.79	0.6	0.39	0.95	0.43		0.41	0.78	0.27	0.14	0.24	0.41	0.82	0.31	0.87	0.53	0.66	0.4	0.6	0.61	-0.14	0.05	-0.02	-0.05	-0.45	0.05
Accounts Payable	0.8	-0.18	0.86	0.58	0.46	0.41		0.47	0.43	-0.14	0.8	0.58	0.33	0.85	0.68	0.83	0.74	-0.56	-0.26	0.79	-0.8	0.86	-0.52	0.69	-0.77	-0.59
Cash	0.72	0.3	0.4	0.83	0.17	0.78	0.47		-0.12	0.03	0.18	0.26	0.58	0.32	0.8	0.48	0.66	0.12	0.26	0.37	-0.07	0.08	-0.01	0.03	-0.13	-0.02
Other Assets	0.44	-0.02	0.52	0.23	0.85	0.27	0.43	-0.12		0.36	0.35	0.53	0.34	0.6	0.36	0.47	0.17	-0.04	0.19	0.65	-0.37	0.49	-0.12	0.29	-0.72	-0.17
Long Term Debt	0.08	0.24	0.08	0.03	0.49	0.14	-0.14	0.03	0.36		-0.11	0.24	0.14	0.12	0.18	0.06	-0.17	0.23	0.18	0.05	0.19	-0.15	0.03	-0.33	0.01	0.4
Net Receivables	0.58	-0.03	0.68	0.38	0.25	0.24	0.8	0.18	0.35	-0.11		0.48	0.05	0.67	0.49	0.72	0.58	-0.58	-0.43	0.62	-0.88	0.74	-0.56	0.55	-0.68	-0.43
Inventory	0.64	0.42	0.77	0.39	0.62	0.41	0.58	0.26	0.53	0.24	0.48		0.39	0.77	0.63	0.71	0.43	-0.34	-0.02	0.61	-0.6	0.51	-0.6	0.11	-0.67	-0.05
Other Current Assets	0.68	0.47	0.36	0.76	0.52	0.82	0.33	0.58	0.34	0.14	0.05	0.39		0.33	0.66	0.47	0.61	0.32	0.57	0.58	-0.06	0.15	0.15	0.14	-0.42	-0.11
Total Liab	0.8	-0.04	0.99	0.47	0.59	0.31	0.85	0.32	0.6	0.12	0.67	0.77	0.33		0.67	0.93	0.69	-0.51	-0.24	0.79	-0.64	0.84	-0.52	0.45	-0.76	-0.25
Intangible Assets	0.95	0.42	0.73	0.93	0.46	0.87	0.68	0.8	0.36	0.18	0.49	0.63	0.66	0.67		0.8	0.81	-0.01	0.22	0.71	-0.38	0.4	-0.29	0.13	-0.6	-0.04
Common Stock	0.91	0.19	0.96	0.69	0.46	0.53	0.83	0.48	0.47	0.06	0.72	0.71	0.47	0.93	0.8		0.88	-0.36	-0.09	0.86	-0.63	0.75	-0.48	0.35	-0.78	-0.16
Property Plant Equipment	0.91	0.22	0.77	0.84	0.17	0.66	0.74	0.66	0.17	-0.17	0.58	0.43	0.61	0.69	0.81	0.88		-0.2	0.02	0.74	-0.45	0.59	-0.28	0.36	-0.61	-0.2
Net Tangible Assets	-0.12	0.45	-0.48	0.19	0.06	0.4	-0.56	0.12	-0.04	0.23	-0.58	-0.34	0.32	-0.51	-0.01	-0.36	-0.2		0.85	-0.13	0.72	-0.78	0.58	-0.69	0.3	0.61
Deferred Long Term Liab	0.16	0.57	-0.2	0.4	0.34	0.6	-0.26	0.26	0.19	0.18	-0.43	-0.02	0.57	-0.24	0.22	-0.09	0.02	0.85		0.22	0.4	-0.51	0.3	-0.49	-0.05	0.41
Long Term Investments	0.84	0.17	0.81	0.68	0.66	0.61	0.79	0.37	0.65	0.05	0.62	0.61	0.58	0.79	0.71	0.86	0.74	-0.13	0.22		-0.63	0.66	-0.4	0.39	-0.85	-0.27
Total Current Assets	-0.48	0.05	-0.65	-0.25	-0.31	-0.14	-0.8	-0.07	-0.37	0.19	-0.88	-0.6	-0.06	-0.64	-0.38	-0.63	-0.45	0.72	0.4	-0.63		-0.81	0.69	-0.65	0.73	0.62
Non Current Assets Total	0.58	-0.36	0.81	0.26	0.35	0.05	0.86	0.08	0.49	-0.15	0.74	0.51	0.15	0.84	0.4	0.75	0.59	-0.78	-0.51	0.66	-0.81		-0.48	0.81	-0.74	-0.65
Non Currrent Assets Other	-0.32	-0.11	-0.55	-0.1	-0.14	-0.02	-0.52	-0.01	-0.12	0.03	-0.56	-0.6	0.15	-0.52	-0.29	-0.48	-0.28	0.58	0.3	-0.4	0.69	-0.48		-0.18	0.5	0.18
Non Current Liabilities Total	0.29	-0.58	0.4	0.12	0.2	-0.05	0.69	0.03	0.29	-0.33	0.55	0.11	0.14	0.45	0.13	0.35	0.36	-0.69	-0.49	0.39	-0.65	0.81	-0.18		-0.44	-0.94
Non Current Liabilities Other	-0.73	-0.11	-0.77	-0.54	-0.56	-0.45	-0.77	-0.13	-0.72	0.01	-0.68	-0.67	-0.42	-0.76	-0.6	-0.78	-0.61	0.3	-0.05	-0.85	0.73	-0.74	0.5	-0.44		0.35
Common Stock Shares Outstanding	-0.16	0.55	-0.21	-0.06	-0.14	0.05	-0.59	-0.02	-0.17	0.4	-0.43	-0.05	-0.11	-0.25	-0.04	-0.16	-0.2	0.61	0.41	-0.27	0.62	-0.65	0.18	-0.94	0.35

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Shenzhen Topway Account Relationship Matchups

Shenzhen Topway fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	3.9B	3.7B	4.0B	4.4B	3.3B
Other Current Liab	509.6M	647.8M	617.4M	7.9M	21.8M	20.7M
Total Current Liabilities	983.8M	1.5B	1.2B	1.6B	1.7B	898.5M
Total Stockholder Equity	2.6B	2.2B	2.3B	2.3B	2.3B	2.2B
Other Liab	95.4M	96.0M	91.9M	83.0M	95.4M	86.3M
Retained Earnings	1.8B	1.4B	1.4B	1.1B	1.1B	1.3B
Accounts Payable	359.9M	435.9M	484.3M	624.4M	636.5M	668.3M
Cash	932.6M	1.1B	871.5M	1.1B	988.6M	1.0B
Other Assets	466.5M	425.7M	384.0M	410.5M	472.1M	380.3M
Net Receivables	117.3M	92.6M	337.3M	196.7M	204.7M	214.9M
Inventory	28.4M	61.4M	40.3M	27.4M	29.3M	23.8M
Other Current Assets	45.2M	40.8M	22.4M	9.4M	45.2M	31.1M
Total Liab	1.1B	1.6B	1.4B	1.7B	1.9B	1.0B
Intangible Assets	310.7M	316.4M	309.6M	302.0M	302.8M	209.2M
Property Plant Equipment	1.2B	1.2B	1.2B	1.2B	1.4B	1.1B
Net Tangible Assets	2.5B	2.3B	1.9B	2.0B	1.8B	1.8B
Deferred Long Term Liab	202.3M	210.2M	178.0M	152.4M	137.2M	154.3M
Total Current Assets	1.7B	1.5B	1.3B	1.6B	1.5B	1.3B
Non Current Assets Total	2.2B	2.4B	2.4B	2.5B	2.8B	2.6B
Non Currrent Assets Other	22.1M	17.6M	26.3M	27.9M	48.0M	32.6M
Non Current Liabilities Total	96.0M	91.9M	121.0M	119.5M	277.6M	291.4M
Short Term Investments	570M	548M	50M	21.4M	19.3M	18.3M
Net Invested Capital	2.6B	2.4B	2.3B	2.5B	2.8B	2.1B
Net Working Capital	687.9M	(32.9M)	79.8M	8.1M	(148.2M)	(140.8M)

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen Income Before Tax vs Total Revenue Analysis

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Revenue

Shenzhen Topway fundamental ratios Correlations

Shenzhen Topway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Topway fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.96	Total Current Liabilities
Intangible Assets	+ 0.95	Total Assets
Retained Earnings	+ 0.95	Total Stockholder Equity
Intangible Assets	+ 0.93	Total Stockholder Equity
Common Stock	+ 0.93	Total Liab

Common Stock Shares Outstanding	- 0.94	Non Current Liabilities Total
Total Current Assets	- 0.88	Net Receivables
Non Current Liabilities Other	- 0.85	Long Term Investments
Non Current Assets Total	- 0.81	Total Current Assets
Total Current Assets	- 0.8	Accounts Payable
Non Current Assets Total	- 0.78	Net Tangible Assets