Yantai Net Income vs Income Before Tax Analysis

002353 Stock

36.42 0.57 1.59%

Yantai Jereh financial indicator trend analysis is more than just analyzing Yantai Jereh Oilfield current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yantai Jereh Oilfield is a good investment. Please check the relationship between Yantai Jereh Net Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Yantai Jereh Oilfield. 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 Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yantai Jereh Oilfield Net Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.

The correlation between Yantai Jereh's Net Income and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Yantai Jereh Oilfield, assuming nothing else is changed. The correlation between historical values of Yantai Jereh's Net Income and Income Before Tax 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 Yantai Jereh Oilfield are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., Yantai Jereh's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

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

Income Before Tax

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

Most indicators from Yantai Jereh's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yantai Jereh Oilfield 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 Yantai Jereh Oilfield. 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 Tax Provision is expected to grow to about 526.7 M, whereas Selling General Administrative is forecasted to decline to about 356.5 M.

	2022	2023	2024	2025 (projected)
Operating Income	2.5B	3.1B	3.5B	3.7B
Total Revenue	11.4B	13.9B	16.0B	16.8B

Operating Income Total Revenue

Yantai Jereh fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Short Term Investments	Treasury Stock	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total
Total Assets		0.42	0.98	1.0	0.96	1.0	0.98	0.98	0.96	0.94	0.96	0.76	0.99	0.96	0.59	0.98	0.92	0.36	0.59	0.66	0.84	-0.5	0.87	-0.37	0.88	0.95
Other Current Liab	0.42		0.54	0.39	0.39	0.4	0.55	0.38	0.37	0.47	0.61	0.42	0.48	0.51	0.48	0.42	0.18	0.1	0.05	-0.09	0.41	-0.58	0.63	0.05	0.47	0.21
Total Current Liabilities	0.98	0.54		0.96	0.93	0.98	0.99	0.96	0.96	0.93	0.97	0.77	1.0	0.93	0.54	0.94	0.87	0.31	0.61	0.61	0.86	-0.53	0.93	-0.26	0.9	0.93
Total Stockholder Equity	1.0	0.39	0.96		0.96	0.99	0.96	0.98	0.94	0.94	0.94	0.75	0.97	0.97	0.63	0.99	0.91	0.39	0.55	0.66	0.82	-0.49	0.84	-0.42	0.85	0.94
Other Liab	0.96	0.39	0.93	0.96		0.97	0.94	0.93	0.95	0.91	0.9	0.74	0.94	0.96	0.53	0.93	0.91	0.3	0.52	0.62	0.85	-0.58	0.85	-0.46	0.87	0.93
Retained Earnings	1.0	0.4	0.98	0.99	0.97		0.97	0.98	0.97	0.95	0.95	0.74	0.98	0.96	0.56	0.96	0.92	0.35	0.57	0.66	0.85	-0.55	0.88	-0.37	0.88	0.96
Accounts Payable	0.98	0.55	0.99	0.96	0.94	0.97		0.95	0.96	0.93	0.96	0.81	0.99	0.95	0.54	0.94	0.85	0.33	0.62	0.58	0.87	-0.51	0.92	-0.27	0.91	0.92
Cash	0.98	0.38	0.96	0.98	0.93	0.98	0.95		0.95	0.92	0.94	0.7	0.97	0.93	0.56	0.95	0.93	0.27	0.63	0.67	0.83	-0.51	0.85	-0.29	0.85	0.94
Other Assets	0.96	0.37	0.96	0.94	0.95	0.97	0.96	0.95		0.89	0.89	0.77	0.97	0.91	0.4	0.9	0.91	0.27	0.71	0.66	0.89	-0.51	0.85	-0.27	0.9	0.98
Net Receivables	0.94	0.47	0.93	0.94	0.91	0.95	0.93	0.92	0.89		0.93	0.71	0.93	0.95	0.62	0.92	0.79	0.36	0.42	0.57	0.79	-0.57	0.88	-0.34	0.83	0.85
Inventory	0.96	0.61	0.97	0.94	0.9	0.95	0.96	0.94	0.89	0.93		0.67	0.97	0.94	0.64	0.93	0.85	0.3	0.46	0.56	0.79	-0.6	0.94	-0.29	0.85	0.85
Other Current Assets	0.76	0.42	0.77	0.75	0.74	0.74	0.81	0.7	0.77	0.71	0.67		0.76	0.76	0.42	0.74	0.57	0.28	0.55	0.42	0.72	-0.28	0.58	-0.15	0.72	0.72
Total Liab	0.99	0.48	1.0	0.97	0.94	0.98	0.99	0.97	0.97	0.93	0.97	0.76		0.94	0.52	0.94	0.9	0.31	0.63	0.64	0.86	-0.52	0.92	-0.28	0.9	0.95
Intangible Assets	0.96	0.51	0.93	0.97	0.96	0.96	0.95	0.93	0.91	0.95	0.94	0.76	0.94		0.66	0.96	0.84	0.42	0.43	0.55	0.83	-0.61	0.86	-0.44	0.85	0.87
Common Stock	0.59	0.48	0.54	0.63	0.53	0.56	0.54	0.56	0.4	0.62	0.64	0.42	0.52	0.66		0.71	0.42	0.43	-0.05	0.23	0.5	-0.32	0.44	-0.38	0.52	0.34
Property Plant Equipment	0.98	0.42	0.94	0.99	0.93	0.96	0.94	0.95	0.9	0.92	0.93	0.74	0.94	0.96	0.71		0.88	0.43	0.5	0.61	0.79	-0.44	0.8	-0.46	0.81	0.89
Long Term Debt	0.92	0.18	0.87	0.91	0.91	0.92	0.85	0.93	0.91	0.79	0.85	0.57	0.9	0.84	0.42	0.88		0.17	0.64	0.72	0.77	-0.46	0.76	-0.36	0.79	0.94
Good Will	0.36	0.1	0.31	0.39	0.3	0.35	0.33	0.27	0.27	0.36	0.3	0.28	0.31	0.42	0.43	0.43	0.17		-0.11	0.21	0.26	0.05	0.26	-0.69	0.27	0.29
Short Term Investments	0.59	0.05	0.61	0.55	0.52	0.57	0.62	0.63	0.71	0.42	0.46	0.55	0.63	0.43	-0.05	0.5	0.64	-0.11		0.54	0.6	0.04	0.45	0.19	0.58	0.73
Treasury Stock	0.66	-0.09	0.61	0.66	0.62	0.66	0.58	0.67	0.66	0.57	0.56	0.42	0.64	0.55	0.23	0.61	0.72	0.21	0.54		0.57	-0.12	0.49	-0.28	0.57	0.74
Net Tangible Assets	0.84	0.41	0.86	0.82	0.85	0.85	0.87	0.83	0.89	0.79	0.79	0.72	0.86	0.83	0.5	0.79	0.77	0.26	0.6	0.57		-0.5	0.79	-0.11	0.99	0.84
Other Stockholder Equity	-0.5	-0.58	-0.53	-0.49	-0.58	-0.55	-0.51	-0.51	-0.51	-0.57	-0.6	-0.28	-0.52	-0.61	-0.32	-0.44	-0.46	0.05	0.04	-0.12	-0.5		-0.64	0.08	-0.53	-0.4
Deferred Long Term Liab	0.87	0.63	0.93	0.84	0.85	0.88	0.92	0.85	0.85	0.88	0.94	0.58	0.92	0.86	0.44	0.8	0.76	0.26	0.45	0.49	0.79	-0.64		-0.2	0.86	0.8
Long Term Investments	-0.37	0.05	-0.26	-0.42	-0.46	-0.37	-0.27	-0.29	-0.27	-0.34	-0.29	-0.15	-0.28	-0.44	-0.38	-0.46	-0.36	-0.69	0.19	-0.28	-0.11	0.08	-0.2		-0.11	-0.31
Total Current Assets	0.88	0.47	0.9	0.85	0.87	0.88	0.91	0.85	0.9	0.83	0.85	0.72	0.9	0.85	0.52	0.81	0.79	0.27	0.58	0.57	0.99	-0.53	0.86	-0.11		0.85
Non Current Assets Total	0.95	0.21	0.93	0.94	0.93	0.96	0.92	0.94	0.98	0.85	0.85	0.72	0.95	0.87	0.34	0.89	0.94	0.29	0.73	0.74	0.84	-0.4	0.8	-0.31	0.85

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Yantai Jereh Account Relationship Matchups

Yantai Jereh fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	18.8B	19.5B	29.2B	31.8B	36.5B	38.4B
Other Current Liab	2.4B	1.8B	2.7B	645.7M	742.6M	878.9M
Total Current Liabilities	6.6B	6.2B	10.1B	9.7B	11.2B	11.7B
Total Stockholder Equity	11.1B	12.5B	17.3B	19.3B	22.2B	23.3B
Other Liab	158.8M	234.9M	306.7M	458.1M	526.9M	553.2M
Retained Earnings	6.7B	8.1B	10.2B	12.0B	13.8B	14.5B
Accounts Payable	2.9B	2.9B	5.4B	4.6B	5.3B	5.6B
Cash	2.9B	3.1B	4.0B	4.8B	5.5B	5.8B
Other Assets	309.0M	762.1M	963.7M	2.0B	2.2B	2.4B
Net Receivables	3.3B	7.0B	5.8B	6.4B	7.4B	7.7B
Inventory	4.8B	4.2B	5.0B	5.1B	5.9B	6.2B
Other Current Assets	292.7M	701.9M	2.7B	1.5B	1.7B	1.8B
Total Liab	7.4B	6.7B	11.1B	11.6B	13.4B	14.0B
Intangible Assets	497.8M	640.6M	813.2M	726.3M	835.2M	877.0M
Property Plant Equipment	2.4B	2.6B	2.7B	4.1B	4.8B	5.0B
Long Term Debt	570.3M	239M	551.8M	1.0B	1.2B	1.2B
Short Term Investments	232.7M	25.9M	2.1B	1.8B	2.0B	2.1B
Net Tangible Assets	9.1B	10.4B	11.8B	16.4B	18.8B	10.7B
Other Stockholder Equity	(77.9M)	(224.9M)	(245.5M)	(159.3M)	(143.3M)	(150.5M)
Total Current Assets	14.6B	15.0B	21.8B	22.6B	26.0B	14.5B
Non Current Assets Total	4.2B	4.5B	7.4B	9.2B	10.5B	11.1B
Non Currrent Assets Other	156.9M	40.2M	182.5M	109.0M	125.3M	115.2M
Non Current Liabilities Total	805.2M	548.3M	1.0B	1.9B	2.2B	2.3B
Short Long Term Debt	1.0B	711.3M	1.7B	2.1B	2.4B	2.5B
Non Current Liabilities Other	9.9M	19.3M	26.0M	26.2M	30.2M	17.8M
Net Invested Capital	12.7B	13.4B	19.5B	22.4B	25.8B	15.2B
Net Working Capital	8.0B	8.9B	11.8B	12.9B	14.9B	9.4B
Property Plant And Equipment Net	2.6B	2.7B	4.1B	5.2B	6.0B	3.8B
Property Plant And Equipment Gross	4.3B	4.6B	3.5B	4.4B	3.9B	3.3B

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

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Yantai Net Income vs Income Before Tax Analysis

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Net Income

Income Before Tax

Yantai Jereh fundamental ratios Correlations

Yantai Jereh Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Yantai Jereh fundamental ratios Accounts

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Other Information on Investing in Yantai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity

Long Term Investments	- 0.69	Good Will
Deferred Long Term Liab	- 0.64	Other Stockholder Equity
Other Stockholder Equity	- 0.61	Intangible Assets
Other Stockholder Equity	- 0.6	Inventory
Other Stockholder Equity	- 0.58	Other Liab
Other Stockholder Equity	- 0.58	Other Current Liab