Qingdao Interest Income vs Gross Profit Analysis

002768 Stock

22.00 0.15 0.69%

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

Interest Income vs Gross Profit

Interest Income vs Gross Profit Correlation Analysis

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

The correlation between Qingdao Gon's Interest Income and Gross Profit is 0.78. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Qingdao Gon Technology, assuming nothing else is changed. The correlation between historical values of Qingdao Gon's Interest 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 Interest Income of Qingdao Gon Technology 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 Interest Income i.e., Qingdao Gon's Interest Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Qingdao Gon Technology minus its cost of goods sold. It is profit before Qingdao Gon 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 Qingdao Gon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Gon Technology 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 Qingdao Gon Technology. 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 212.3 M. The current year's Tax Provision is expected to grow to about 62.1 M

	2022	2023	2024	2025 (projected)
Operating Income	1.1B	878.8M	1.0B	512.3M
Total Revenue	13.4B	17.4B	20.1B	21.1B

Operating Income Total Revenue

Qingdao Gon 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	Net Tangible Assets	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Non Current Liabilities Other	Short Term Debt
Total Assets		0.59	1.0	0.98	0.98	0.99	0.99	0.98	0.66	0.97	1.0	0.35	1.0	0.97	0.66	0.98	0.97	0.76	0.71	1.0	0.99	0.19	0.97	0.92	0.84	0.77
Other Current Liab	0.59		0.56	0.62	0.73	0.63	0.5	0.46	0.62	0.67	0.58	0.86	0.55	0.69	0.55	0.72	0.47	0.63	0.57	0.56	0.63	0.55	0.5	0.67	0.43	0.6
Total Current Liabilities	1.0	0.56		0.97	0.96	0.98	1.0	0.99	0.65	0.97	0.99	0.31	1.0	0.97	0.66	0.97	0.97	0.74	0.7	1.0	0.99	0.14	0.97	0.91	0.84	0.76
Total Stockholder Equity	0.98	0.62	0.97		0.96	0.99	0.95	0.94	0.8	0.97	0.99	0.44	0.96	0.92	0.77	0.98	0.9	0.87	0.81	0.97	0.95	0.28	0.91	0.91	0.84	0.87
Other Liab	0.98	0.73	0.96	0.96		0.98	0.94	0.93	0.68	0.96	0.96	0.48	0.96	0.98	0.67	0.99	0.92	0.77	0.69	0.97	0.98	0.33	0.93	0.91	0.78	0.75
Retained Earnings	0.99	0.63	0.98	0.99	0.98		0.97	0.96	0.73	0.97	0.99	0.42	0.98	0.96	0.7	0.99	0.94	0.81	0.75	0.99	0.98	0.29	0.95	0.92	0.83	0.8
Accounts Payable	0.99	0.5	1.0	0.95	0.94	0.97		0.99	0.6	0.96	0.99	0.26	1.0	0.95	0.62	0.95	0.98	0.71	0.68	0.99	0.98	0.09	0.98	0.89	0.84	0.73
Cash	0.98	0.46	0.99	0.94	0.93	0.96	0.99		0.58	0.94	0.98	0.2	0.99	0.94	0.59	0.93	0.98	0.68	0.63	0.99	0.97	0.08	0.98	0.88	0.84	0.7
Other Assets	0.66	0.62	0.65	0.8	0.68	0.73	0.6	0.58		0.72	0.7	0.62	0.61	0.57	0.93	0.74	0.48	0.97	0.92	0.65	0.61	0.39	0.49	0.76	0.66	0.96
Net Receivables	0.97	0.67	0.97	0.97	0.96	0.97	0.96	0.94	0.72		0.98	0.49	0.96	0.94	0.72	0.98	0.91	0.79	0.76	0.97	0.96	0.23	0.92	0.9	0.85	0.81
Inventory	1.0	0.58	0.99	0.99	0.96	0.99	0.99	0.98	0.7	0.98		0.37	0.99	0.95	0.69	0.98	0.95	0.79	0.75	1.0	0.98	0.2	0.96	0.92	0.85	0.8
Other Current Assets	0.35	0.86	0.31	0.44	0.48	0.42	0.26	0.2	0.62	0.49	0.37		0.29	0.4	0.49	0.49	0.18	0.59	0.59	0.33	0.36	0.67	0.2	0.39	0.28	0.53
Total Liab	1.0	0.55	1.0	0.96	0.96	0.98	1.0	0.99	0.61	0.96	0.99	0.29		0.97	0.62	0.96	0.98	0.71	0.66	1.0	0.99	0.14	0.98	0.9	0.83	0.72
Intangible Assets	0.97	0.69	0.97	0.92	0.98	0.96	0.95	0.94	0.57	0.94	0.95	0.4	0.97		0.57	0.97	0.95	0.67	0.61	0.97	0.99	0.21	0.96	0.9	0.76	0.68
Common Stock	0.66	0.55	0.66	0.77	0.67	0.7	0.62	0.59	0.93	0.72	0.69	0.49	0.62	0.57		0.73	0.49	0.85	0.81	0.64	0.6	0.22	0.5	0.74	0.68	0.89
Property Plant Equipment	0.98	0.72	0.97	0.98	0.99	0.99	0.95	0.93	0.74	0.98	0.98	0.49	0.96	0.97	0.73		0.91	0.81	0.75	0.97	0.98	0.29	0.92	0.92	0.81	0.82
Long Term Debt	0.97	0.47	0.97	0.9	0.92	0.94	0.98	0.98	0.48	0.91	0.95	0.18	0.98	0.95	0.49	0.91		0.6	0.54	0.97	0.97	0.12	1.0	0.86	0.79	0.6
Net Tangible Assets	0.76	0.63	0.74	0.87	0.77	0.81	0.71	0.68	0.97	0.79	0.79	0.59	0.71	0.67	0.85	0.81	0.6		0.95	0.75	0.71	0.4	0.61	0.84	0.72	0.96
Deferred Long Term Liab	0.71	0.57	0.7	0.81	0.69	0.75	0.68	0.63	0.92	0.76	0.75	0.59	0.66	0.61	0.81	0.75	0.54	0.95		0.71	0.66	0.23	0.55	0.79	0.67	0.94
Total Current Assets	1.0	0.56	1.0	0.97	0.97	0.99	0.99	0.99	0.65	0.97	1.0	0.33	1.0	0.97	0.64	0.97	0.97	0.75	0.71		0.99	0.18	0.98	0.91	0.84	0.76
Non Current Assets Total	0.99	0.63	0.99	0.95	0.98	0.98	0.98	0.97	0.61	0.96	0.98	0.36	0.99	0.99	0.6	0.98	0.97	0.71	0.66	0.99		0.2	0.98	0.91	0.8	0.72
Non Currrent Assets Other	0.19	0.55	0.14	0.28	0.33	0.29	0.09	0.08	0.39	0.23	0.2	0.67	0.14	0.21	0.22	0.29	0.12	0.4	0.23	0.18	0.2		0.14	0.17	0.13	0.23
Non Current Liabilities Total	0.97	0.5	0.97	0.91	0.93	0.95	0.98	0.98	0.49	0.92	0.96	0.2	0.98	0.96	0.5	0.92	1.0	0.61	0.55	0.98	0.98	0.14		0.86	0.79	0.61
Short Long Term Debt	0.92	0.67	0.91	0.91	0.91	0.92	0.89	0.88	0.76	0.9	0.92	0.39	0.9	0.9	0.74	0.92	0.86	0.84	0.79	0.91	0.91	0.17	0.86		0.81	0.85
Non Current Liabilities Other	0.84	0.43	0.84	0.84	0.78	0.83	0.84	0.84	0.66	0.85	0.85	0.28	0.83	0.76	0.68	0.81	0.79	0.72	0.67	0.84	0.8	0.13	0.79	0.81		0.78
Short Term Debt	0.77	0.6	0.76	0.87	0.75	0.8	0.73	0.7	0.96	0.81	0.8	0.53	0.72	0.68	0.89	0.82	0.6	0.96	0.94	0.76	0.72	0.23	0.61	0.85	0.78

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Qingdao Gon Account Relationship Matchups

High Positive Relationship

Total Current Liabilities	+ 1.0	Total Assets
Inventory	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities

High Negative Relationship

Not Found

Qingdao Gon fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	5.5B	9.9B	12.8B	15.1B	17.3B	18.2B
Other Current Liab	85.1M	394.9M	133.3M	132.6M	152.4M	83.0M
Total Current Liabilities	1.9B	3.7B	5.3B	6.4B	7.3B	7.7B
Total Stockholder Equity	3.1B	3.5B	4.1B	4.5B	5.1B	5.4B
Other Liab	35.1M	40.1M	83.4M	171.7M	197.5M	207.4M
Retained Earnings	1.9B	2.4B	2.9B	3.3B	3.8B	4.0B
Accounts Payable	988.6M	1.9B	3.1B	4.1B	4.7B	5.0B
Cash	752.8M	1.1B	2.0B	3.0B	3.5B	3.6B
Other Assets	174.1M	234.8M	191.7M	164.5M	189.2M	107.4M
Net Receivables	1.0B	2.2B	1.6B	2.4B	2.8B	3.0B
Inventory	1.3B	2.0B	2.4B	3.1B	3.5B	3.7B
Other Current Assets	381.1M	921.1M	79.3M	132.9M	152.8M	188.9M
Total Liab	2.2B	4.7B	6.9B	8.7B	10.0B	10.5B
Intangible Assets	91.7M	717.5M	733.5M	786.6M	904.6M	949.9M
Property Plant Equipment	852.0M	984.7M	1.2B	2.4B	2.8B	2.9B
Long Term Debt	299.7M	796.6M	1.4B	2.1B	2.5B	2.6B
Net Tangible Assets	2.0B	2.3B	3.0B	2.4B	2.8B	1.9B
Deferred Long Term Liab	17.5M	33.4M	24.5M	23.3M	26.8M	16.3M
Total Current Assets	3.9B	6.2B	8.4B	10.3B	11.8B	12.4B
Non Current Assets Total	1.5B	3.7B	4.3B	4.8B	5.5B	5.7B
Non Currrent Assets Other	155.6M	129.3M	63.2M	50.9M	58.6M	79.4M
Non Current Liabilities Total	383.1M	988.7M	1.6B	2.3B	2.7B	2.8B
Short Long Term Debt	672M	1.0B	1.2B	1.4B	1.6B	835.0M
Net Invested Capital	4.1B	5.3B	6.6B	8.0B	9.2B	4.9B
Net Working Capital	2.1B	2.5B	3.2B	3.9B	4.5B	4.8B
Property Plant And Equipment Net	1.2B	2.4B	3.1B	3.5B	4.0B	2.4B
Property Plant And Equipment Gross	1.6B	2.9B	3.1B	4.4B	5.0B	2.9B

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Other Information on Investing in Qingdao Stock

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

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