Shanxi Operating Income vs Gross Profit 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 Operating Income and its Gross Profit 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.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

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

The correlation between Shanxi Tond's Operating Income and Gross Profit is 0.72. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit 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 Operating Income and Gross Profit 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 Shanxi Tond Chemical are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Shanxi Tond's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Shanxi Tond Chemical 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 Shanxi Tond Chemical 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Shanxi Tond Chemical minus its cost of goods sold. It is profit before Shanxi Tond operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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

Click cells to compare fundamentals

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Shanxi Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Shanxi Tond fundamental ratios Correlations

Shanxi Tond Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanxi Tond fundamental ratios Accounts

Also Currently Popular

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