Hubei Net Income vs Operating Income Analysis

002861 Stock

14.54 0.25 1.69%

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

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hubei Yingtong Telec Net Income account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between Hubei Yingtong's Net Income and Operating Income is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Hubei Yingtong Telecommunication, assuming nothing else is changed. The correlation between historical values of Hubei Yingtong's Net Income and Operating 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 Hubei Yingtong Telecommunication are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Hubei Yingtong's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

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

Operating Income

Operating Income is the amount of profit realized from Hubei Yingtong Telec 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 Hubei Yingtong Telecommunication 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.

Most indicators from Hubei Yingtong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Yingtong Telec 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 Hubei Yingtong Telecommunication. 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 6.2 M, whereas Selling General Administrative is forecasted to decline to about 49.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	202.5M	127.8M	136.8M	164.5M
Total Revenue	1.0B	724.9M	754.2M	971.5M

Gross Profit Total Revenue

Hubei Yingtong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Total Assets		0.3	0.89	0.92	0.89	0.89	-0.09	0.93	0.49	0.93	0.22	0.84	0.37	0.8	0.64	0.88	0.43	0.93	0.68	0.9	0.87	0.89	0.86	-0.37	0.85	-0.82
Other Current Liab	0.3		0.64	0.39	0.12	0.3	0.46	0.52	0.23	0.13	0.03	0.13	0.87	-0.19	0.77	0.61	-0.2	0.18	0.75	0.44	0.07	0.07	0.02	0.23	-0.11	-0.3
Total Current Liabilities	0.89	0.64		0.81	0.74	0.76	0.04	0.98	0.41	0.78	0.23	0.75	0.65	0.6	0.81	0.9	0.33	0.83	0.87	0.85	0.69	0.7	0.68	-0.3	0.64	-0.8
Total Stockholder Equity	0.92	0.39	0.81		0.67	0.97	0.17	0.85	0.62	0.73	0.16	0.64	0.53	0.57	0.74	0.96	0.16	0.71	0.77	0.97	0.67	0.72	0.62	-0.35	0.64	-0.67
Other Liab	0.89	0.12	0.74	0.67		0.69	-0.48	0.78	0.16	0.96	-0.03	0.73	0.07	0.88	0.29	0.63	0.44	0.95	0.37	0.64	0.94	0.98	0.98	-0.33	0.83	-0.88
Net Tangible Assets	0.89	0.3	0.76	0.97	0.69		0.03	0.81	0.63	0.69	0.1	0.58	0.47	0.57	0.65	0.91	0.14	0.69	0.68	0.96	0.62	0.75	0.63	-0.34	0.59	-0.65
Retained Earnings	-0.09	0.46	0.04	0.17	-0.48	0.03		0.02	0.5	-0.32	0.48	-0.02	0.62	-0.51	0.6	0.25	-0.12	-0.31	0.42	0.21	-0.35	-0.47	-0.49	0.38	-0.25	0.43
Accounts Payable	0.93	0.52	0.98	0.85	0.78	0.81	0.02		0.47	0.84	0.31	0.84	0.6	0.67	0.79	0.9	0.42	0.88	0.84	0.88	0.74	0.75	0.74	-0.32	0.72	-0.8
Cash	0.49	0.23	0.41	0.62	0.16	0.63	0.5	0.47		0.21	0.62	0.45	0.45	0.14	0.65	0.59	0.39	0.29	0.43	0.73	0.07	0.15	0.13	0.05	0.34	0.06
Non Current Assets Total	0.93	0.13	0.78	0.73	0.96	0.69	-0.32	0.84	0.21		0.14	0.86	0.14	0.9	0.41	0.68	0.52	0.98	0.49	0.68	0.98	0.94	0.97	-0.36	0.91	-0.88
Non Currrent Assets Other	0.22	0.03	0.23	0.16	-0.03	0.1	0.48	0.31	0.62	0.14		0.62	0.25	0.13	0.49	0.18	0.76	0.24	0.26	0.27	0.01	-0.12	0.05	0.14	0.37	0.19
Other Assets	0.84	0.13	0.75	0.64	0.73	0.58	-0.02	0.84	0.45	0.86	0.62		0.26	0.79	0.58	0.62	0.8	0.9	0.55	0.67	0.77	0.67	0.78	-0.26	0.9	-0.61
Net Receivables	0.37	0.87	0.65	0.53	0.07	0.47	0.62	0.6	0.45	0.14	0.25	0.26		-0.17	0.9	0.7	-0.15	0.18	0.87	0.59	0.04	0.07	-0.01	0.2	-0.04	-0.21
Non Current Liabilities Total	0.8	-0.19	0.6	0.57	0.88	0.57	-0.51	0.67	0.14	0.9	0.13	0.79	-0.17		0.15	0.47	0.61	0.9	0.26	0.54	0.88	0.86	0.9	-0.64	0.95	-0.78
Inventory	0.64	0.77	0.81	0.74	0.29	0.65	0.6	0.79	0.65	0.41	0.49	0.58	0.9	0.15		0.86	0.19	0.46	0.93	0.8	0.3	0.27	0.24	0.02	0.32	-0.37
Other Current Assets	0.88	0.61	0.9	0.96	0.63	0.91	0.25	0.9	0.59	0.68	0.18	0.62	0.7	0.47	0.86		0.12	0.69	0.89	0.96	0.6	0.65	0.56	-0.27	0.54	-0.69
Other Stockholder Equity	0.43	-0.2	0.33	0.16	0.44	0.14	-0.12	0.42	0.39	0.52	0.76	0.8	-0.15	0.61	0.19	0.12		0.62	0.04	0.25	0.42	0.32	0.52	-0.12	0.73	-0.17
Total Liab	0.93	0.18	0.83	0.71	0.95	0.69	-0.31	0.88	0.29	0.98	0.24	0.9	0.18	0.9	0.46	0.69	0.62		0.5	0.71	0.93	0.91	0.96	-0.34	0.92	-0.84
Deferred Long Term Liab	0.68	0.75	0.87	0.77	0.37	0.68	0.42	0.84	0.43	0.49	0.26	0.55	0.87	0.26	0.93	0.89	0.04	0.5		0.79	0.41	0.38	0.32	-0.21	0.34	-0.57
Total Current Assets	0.9	0.44	0.85	0.97	0.64	0.96	0.21	0.88	0.73	0.68	0.27	0.67	0.59	0.54	0.8	0.96	0.25	0.71	0.79		0.59	0.66	0.58	-0.32	0.63	-0.6
Intangible Assets	0.87	0.07	0.69	0.67	0.94	0.62	-0.35	0.74	0.07	0.98	0.01	0.77	0.04	0.88	0.3	0.6	0.42	0.93	0.41	0.59		0.94	0.95	-0.37	0.88	-0.87
Common Stock	0.89	0.07	0.7	0.72	0.98	0.75	-0.47	0.75	0.15	0.94	-0.12	0.67	0.07	0.86	0.27	0.65	0.32	0.91	0.38	0.66	0.94		0.96	-0.36	0.8	-0.88
Property Plant Equipment	0.86	0.02	0.68	0.62	0.98	0.63	-0.49	0.74	0.13	0.97	0.05	0.78	-0.01	0.9	0.24	0.56	0.52	0.96	0.32	0.58	0.95	0.96		-0.3	0.86	-0.85
Common Stock Shares Outstanding	-0.37	0.23	-0.3	-0.35	-0.33	-0.34	0.38	-0.32	0.05	-0.36	0.14	-0.26	0.2	-0.64	0.02	-0.27	-0.12	-0.34	-0.21	-0.32	-0.37	-0.36	-0.3		-0.49	0.51
Net Invested Capital	0.85	-0.11	0.64	0.64	0.83	0.59	-0.25	0.72	0.34	0.91	0.37	0.9	-0.04	0.95	0.32	0.54	0.73	0.92	0.34	0.63	0.88	0.8	0.86	-0.49		-0.67
Net Working Capital	-0.82	-0.3	-0.8	-0.67	-0.88	-0.65	0.43	-0.8	0.06	-0.88	0.19	-0.61	-0.21	-0.78	-0.37	-0.69	-0.17	-0.84	-0.57	-0.6	-0.87	-0.88	-0.85	0.51	-0.67

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Hubei Yingtong Account Relationship Matchups

Hubei Yingtong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.8B	1.7B	1.6B	1.6B	1.6B
Other Current Liab	35.3M	25.4M	23.2M	15.1M	75.4K	71.6K
Total Current Liabilities	276.5M	353.3M	288.1M	254.9M	302.7M	296.4M
Total Stockholder Equity	1.1B	1.1B	1.0B	917.6M	844.0M	1.0B
Other Liab	8.5M	10.8M	13.5M	14.2M	16.3M	11.4M
Net Tangible Assets	876.3M	899.3M	799.7M	744.1M	855.7M	887.0M
Retained Earnings	536.2M	557.4M	476.0M	358.4M	219.1M	353.5M
Accounts Payable	201.5M	255.6M	193.9M	169.0M	222.2M	202.4M
Cash	180.9M	419.7M	189.4M	146.6M	149.6M	178.1M
Non Current Assets Total	577.1M	729.6M	852.3M	892.2M	930.1M	696.4M
Non Currrent Assets Other	18.5M	61.3M	8.2M	9.6M	7.9M	7.5M
Other Assets	41.4M	82.7M	51.3M	48.2M	55.4M	43.4M
Net Receivables	298.1M	268.4M	236.3M	158.4M	192.8M	190.2M
Non Current Liabilities Total	56.5M	332.6M	347.1M	412.4M	496.6M	521.4M
Inventory	188.1M	216.0M	136.6M	104.3M	85.3M	113.6M
Other Current Assets	23.6M	23.8M	19.3M	15.3M	12.4M	19.4M
Other Stockholder Equity	(93.1K)	3.5M	970.0K	1.6M	1.8M	993.5K
Total Liab	333.1M	685.9M	635.3M	667.3M	799.2M	526.1M
Deferred Long Term Liab	10.3M	8.2M	6.3M	3.2M	3.6M	6.9M
Total Current Assets	808.6M	1.0B	815.1M	692.7M	713.1M	864.0M
Intangible Assets	104.4M	103.8M	160.4M	154.3M	147.9M	120.0M
Property Plant Equipment	329.3M	441.1M	532.6M	634.5M	729.7M	418.7M
Net Invested Capital	1.1B	1.4B	1.4B	1.3B	1.3B	1.4B
Net Working Capital	532.1M	678.1M	527.0M	437.8M	410.5M	436.2M

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Other Information on Investing in Hubei Stock

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

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Hubei Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Hubei Yingtong fundamental ratios Correlations

Hubei Yingtong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hubei Yingtong fundamental ratios Accounts

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Other Information on Investing in Hubei Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 0.98	Total Current Liabilities
Common Stock	+ 0.98	Other Liab
Property Plant Equipment	+ 0.98	Other Liab
Total Liab	+ 0.98	Non Current Assets Total
Intangible Assets	+ 0.98	Non Current Assets Total
Net Tangible Assets	+ 0.97	Total Stockholder Equity

Net Working Capital	- 0.88	Common Stock
Net Working Capital	- 0.88	Non Current Assets Total
Net Working Capital	- 0.88	Other Liab
Net Working Capital	- 0.87	Intangible Assets
Net Working Capital	- 0.85	Property Plant Equipment
Net Working Capital	- 0.84	Total Liab