Shanxi Net Income vs Interest Income Analysis

002360 Stock

5.11 0.19 3.86%

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

Net Income vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanxi Tond Chemical Net Income account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shanxi Tond's Net Income and Interest Income is -0.5. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Shanxi Tond Chemical, assuming nothing else is changed. The correlation between historical values of Shanxi Tond's Net Income and Interest Income 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 Shanxi Tond Chemical are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Income i.e., Shanxi Tond's Net Income and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Income

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

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most indicators from Shanxi Tond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Tond Chemical 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 Shanxi Tond Chemical. 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 62.9 M. The current year's Tax Provision is expected to grow to about 129.5 M

	2021	2022	2023	2024 (projected)
Operating Income	171.3M	261.3M	222.6M	181.1M
Total Revenue	852.6M	1.1B	964.1M	805.7M

Operating Income Total Revenue

Shanxi Tond 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	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		-0.32	0.97	0.81	0.49	0.95	0.94	0.33	0.41	0.47	-0.37	0.85	0.98	0.28	0.56	0.95	0.94	-0.74	0.82	0.5	-0.74	0.83	0.72	0.94	0.39	0.94
Other Current Liab	-0.32		-0.34	-0.1	0.32	-0.31	-0.37	0.32	0.05	0.17	0.63	-0.27	-0.37	0.52	0.14	-0.39	-0.5	0.26	-0.29	-0.18	0.22	-0.63	-0.2	-0.49	-0.1	-0.51
Total Current Liabilities	0.97	-0.34		0.71	0.34	0.87	0.96	0.15	0.33	0.33	-0.39	0.87	0.99	0.21	0.4	0.99	0.93	-0.61	0.78	0.42	-0.63	0.83	0.62	0.98	0.28	0.92
Total Stockholder Equity	0.81	-0.1	0.71		0.67	0.86	0.71	0.51	0.48	0.62	-0.28	0.71	0.74	0.37	0.8	0.71	0.71	-0.78	0.91	0.54	-0.8	0.67	0.78	0.65	0.41	0.7
Other Liab	0.49	0.32	0.34	0.67		0.56	0.36	0.72	0.32	0.66	0.06	0.26	0.37	0.84	0.83	0.29	0.29	-0.51	0.42	0.3	-0.47	0.25	0.46	0.22	0.22	0.28
Retained Earnings	0.95	-0.31	0.87	0.86	0.56		0.86	0.46	0.38	0.6	-0.44	0.81	0.9	0.25	0.69	0.87	0.89	-0.9	0.86	0.52	-0.88	0.75	0.85	0.83	0.43	0.88
Accounts Payable	0.94	-0.37	0.96	0.71	0.36	0.86		0.11	0.22	0.3	-0.42	0.84	0.95	0.18	0.45	0.98	0.87	-0.63	0.75	0.34	-0.64	0.79	0.56	0.94	0.2	0.87
Cash	0.33	0.32	0.15	0.51	0.72	0.46	0.11		0.06	0.48	0.04	0.07	0.18	0.49	0.77	0.08	0.13	-0.53	0.26	0.25	-0.47	0.06	0.59	0.02	0.09	0.13
Other Assets	0.41	0.05	0.33	0.48	0.32	0.38	0.22	0.06		0.52	0.05	0.47	0.39	0.22	0.18	0.32	0.49	-0.3	0.51	0.56	-0.33	0.27	0.35	0.36	0.84	0.48
Net Receivables	0.47	0.17	0.33	0.62	0.66	0.6	0.3	0.48	0.52		0.03	0.44	0.37	0.44	0.52	0.34	0.37	-0.71	0.58	0.31	-0.72	0.22	0.67	0.24	0.44	0.35
Inventory	-0.37	0.63	-0.39	-0.28	0.06	-0.44	-0.42	0.04	0.05	0.03		-0.4	-0.42	0.39	-0.14	-0.4	-0.51	0.52	-0.51	-0.41	0.52	-0.47	-0.52	-0.45	-0.21	-0.51
Other Current Assets	0.85	-0.27	0.87	0.71	0.26	0.81	0.84	0.07	0.47	0.44	-0.4		0.88	0.05	0.33	0.9	0.87	-0.66	0.86	0.59	-0.69	0.61	0.68	0.86	0.54	0.86
Total Liab	0.98	-0.37	0.99	0.74	0.37	0.9	0.95	0.18	0.39	0.37	-0.42	0.88		0.22	0.42	0.98	0.96	-0.65	0.81	0.49	-0.67	0.85	0.66	0.98	0.36	0.96
Intangible Assets	0.28	0.52	0.21	0.37	0.84	0.25	0.18	0.49	0.22	0.44	0.39	0.05	0.22		0.52	0.14	0.09	-0.08	0.12	0.05	-0.08	0.13	0.08	0.09	0.0	0.09
Common Stock	0.56	0.14	0.4	0.8	0.83	0.69	0.45	0.77	0.18	0.52	-0.14	0.33	0.42	0.52		0.37	0.36	-0.7	0.55	0.25	-0.65	0.33	0.61	0.29	0.23	0.35
Property Plant Equipment	0.95	-0.39	0.99	0.71	0.29	0.87	0.98	0.08	0.32	0.34	-0.4	0.9	0.98	0.14	0.37		0.93	-0.62	0.79	0.41	-0.65	0.82	0.61	0.98	0.29	0.92
Long Term Debt	0.94	-0.5	0.93	0.71	0.29	0.89	0.87	0.13	0.49	0.37	-0.51	0.87	0.96	0.09	0.36	0.93		-0.67	0.83	0.62	-0.69	0.86	0.69	0.96	0.52	1.0
Good Will	-0.74	0.26	-0.61	-0.78	-0.51	-0.9	-0.63	-0.53	-0.3	-0.71	0.52	-0.66	-0.65	-0.08	-0.7	-0.62	-0.67		-0.81	-0.46	0.98	-0.52	-0.92	-0.56	-0.43	-0.66
Net Tangible Assets	0.82	-0.29	0.78	0.91	0.42	0.86	0.75	0.26	0.51	0.58	-0.51	0.86	0.81	0.12	0.55	0.79	0.83	-0.81		0.66	-0.85	0.72	0.85	0.76	0.52	0.82
Other Stockholder Equity	0.5	-0.18	0.42	0.54	0.3	0.52	0.34	0.25	0.56	0.31	-0.41	0.59	0.49	0.05	0.25	0.41	0.62	-0.46	0.66		-0.51	0.43	0.64	0.46	0.6	0.62
Deferred Long Term Liab	-0.74	0.22	-0.63	-0.8	-0.47	-0.88	-0.64	-0.47	-0.33	-0.72	0.52	-0.69	-0.67	-0.08	-0.65	-0.65	-0.69	0.98	-0.85	-0.51		-0.55	-0.91	-0.58	-0.43	-0.68
Long Term Investments	0.83	-0.63	0.83	0.67	0.25	0.75	0.79	0.06	0.27	0.22	-0.47	0.61	0.85	0.13	0.33	0.82	0.86	-0.52	0.72	0.43	-0.55		0.53	0.87	0.17	0.87
Total Current Assets	0.72	-0.2	0.62	0.78	0.46	0.85	0.56	0.59	0.35	0.67	-0.52	0.68	0.66	0.08	0.61	0.61	0.69	-0.92	0.85	0.64	-0.91	0.53		0.56	0.43	0.68
Non Current Assets Total	0.94	-0.49	0.98	0.65	0.22	0.83	0.94	0.02	0.36	0.24	-0.45	0.86	0.98	0.09	0.29	0.98	0.96	-0.56	0.76	0.46	-0.58	0.87	0.56		0.35	0.96
Non Currrent Assets Other	0.39	-0.1	0.28	0.41	0.22	0.43	0.2	0.09	0.84	0.44	-0.21	0.54	0.36	0.0	0.23	0.29	0.52	-0.43	0.52	0.6	-0.43	0.17	0.43	0.35		0.51
Non Current Liabilities Total	0.94	-0.51	0.92	0.7	0.28	0.88	0.87	0.13	0.48	0.35	-0.51	0.86	0.96	0.09	0.35	0.92	1.0	-0.66	0.82	0.62	-0.68	0.87	0.68	0.96	0.51

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Shanxi Tond Account Relationship Matchups

Shanxi Tond fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.7B	2.1B	3.0B	3.9B	4.1B
Other Current Liab	55.9M	61.5M	52.1M	81.5M	5.2M	4.9M
Total Current Liabilities	244.0M	224.9M	327.8M	928.4M	1.2B	1.2B
Total Stockholder Equity	1.1B	1.3B	1.4B	1.7B	2.1B	1.1B
Other Liab	63.8M	81.3M	76.7M	71.5M	82.3M	60.1M
Retained Earnings	802.2M	899.3M	981.4M	1.2B	1.4B	1.5B
Accounts Payable	52.2M	55.0M	61.1M	223.6M	256.1M	268.9M
Cash	477.2M	605.1M	418.5M	317.2M	353.9M	385.6M
Other Assets	46.1M	112.5M	474.7M	217.1M	249.7M	133.5M
Net Receivables	198.7M	157.9M	188.1M	168.8M	137.8M	125.1M
Inventory	65.5M	46.4M	52.1M	55.1M	36.2M	46.1M
Other Current Assets	20.1M	60.3M	99.8M	217.5M	149.1M	156.6M
Total Liab	311.8M	421.1M	648.7M	1.2B	1.7B	1.8B
Intangible Assets	137.8M	136.4M	132.5M	141.4M	195.7M	128.9M
Property Plant Equipment	413.3M	381.8M	539.8M	1.6B	1.9B	2.0B
Good Will	78.5M	51.1M	22.3M	16.0M	14.4M	13.7M
Net Tangible Assets	979.1M	1.1B	1.2B	1.5B	1.7B	1.1B
Other Stockholder Equity	15.2M	45.9M	38.2M	33.1M	38.1M	30.2M
Deferred Long Term Liab	14.2M	12.1M	12.7M	11.8M	10.6M	13.4M
Total Current Assets	832.4M	978.5M	830.6M	867.1M	910.9M	826.2M
Non Current Assets Total	664.8M	756.0M	1.3B	2.1B	3.0B	3.1B
Non Currrent Assets Other	1.7M	68.7M	432.0M	169.7M	100.4M	112.2M
Non Current Liabilities Total	67.8M	196.2M	320.9M	321.3M	554.4M	582.1M
Non Current Liabilities Other	6.6M	24.9M	24.2M	23.8M	23.6M	20.6M
Net Invested Capital	1.2B	1.5B	1.8B	2.4B	3.0B	1.9B
Net Working Capital	588.4M	753.6M	502.8M	(61.2M)	(257.4M)	(244.5M)
Short Term Investments	70.9M	75.9M	71.5M	71.3M	16.8M	16.0M

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Other Information on Investing in Shanxi Stock

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

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Shanxi Net Income vs Interest Income Analysis

Net Income vs Interest Income

Net Income vs Interest Income Correlation Analysis

Correlation Coefficient

Net Income

Interest Income

Shanxi Tond fundamental ratios Correlations

Shanxi Tond Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanxi Tond fundamental ratios Accounts

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Other Information on Investing in Shanxi Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Current Liabilities
Total Liab	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Current Liabilities
Property Plant Equipment	+ 0.98	Accounts Payable

Total Current Assets	- 0.92	Good Will
Total Current Assets	- 0.91	Deferred Long Term Liab
Good Will	- 0.9	Retained Earnings
Deferred Long Term Liab	- 0.88	Retained Earnings
Deferred Long Term Liab	- 0.85	Net Tangible Assets
Net Tangible Assets	- 0.81	Good Will