Shandong Total Revenue vs Income Before Tax Analysis

300214 Stock

5.98 0.28 4.91%

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

Total Revenue vs Income Before Tax

Total Revenue vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Rike Chemical Total Revenue account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shandong Rike's Total Revenue and Income Before Tax is 0.68. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Shandong Rike Chemical, assuming nothing else is changed. The correlation between historical values of Shandong Rike's Total Revenue 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 Total Revenue of Shandong Rike Chemical 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 Total Revenue i.e., Shandong Rike's Total Revenue and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Total Revenue

Total revenue comprises all receipts Shandong Rike Chemical generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Shandong Rike income statement and is an important metric when analyzing Shandong Rike Chemical 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 Shandong Rike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Rike 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 Shandong Rike 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 board of governors.

The current year's Selling General Administrative is expected to grow to about 56.2 M, whereas Tax Provision is forecasted to decline to about 12.1 M.

	2022	2023	2024	2025 (projected)
Operating Income	240.3M	94.4M	108.6M	147.2M
Total Revenue	2.8B	2.5B	2.9B	1.7B

Operating Income Total Revenue

Shandong Rike 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	Short Term Investments	Net Tangible Assets	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital	Short Long Term Debt
Total Assets		0.85	0.96	0.8	0.86	0.96	0.94	-0.36	0.94	0.19	0.69	0.64	0.94	0.92	0.63	0.95	0.84	0.05	0.86	0.7	0.94	0.34	0.9	0.88	0.88	0.91
Other Current Liab	0.85		0.79	0.8	0.95	0.93	0.7	-0.42	0.84	0.2	0.81	0.5	0.74	0.95	0.6	0.83	0.55	0.42	0.89	0.94	0.74	0.58	0.66	0.78	0.83	0.65
Total Current Liabilities	0.96	0.79		0.68	0.83	0.88	0.98	-0.39	0.94	0.05	0.57	0.66	0.99	0.87	0.49	0.87	0.93	-0.08	0.82	0.62	0.98	0.25	0.96	0.89	0.89	0.96
Total Stockholder Equity	0.8	0.8	0.68		0.72	0.86	0.63	-0.33	0.73	0.37	0.89	0.38	0.63	0.8	0.84	0.83	0.46	0.35	0.91	0.75	0.62	0.39	0.55	0.72	0.85	0.6
Other Liab	0.86	0.95	0.83	0.72		0.89	0.76	-0.37	0.87	-0.04	0.65	0.64	0.81	0.91	0.47	0.8	0.68	0.22	0.85	0.82	0.82	0.63	0.77	0.81	0.85	0.69
Retained Earnings	0.96	0.93	0.88	0.86	0.89		0.83	-0.45	0.91	0.3	0.8	0.49	0.84	0.97	0.74	0.95	0.68	0.25	0.89	0.83	0.84	0.48	0.77	0.82	0.86	0.8
Accounts Payable	0.94	0.7	0.98	0.63	0.76	0.83		-0.4	0.89	0.08	0.52	0.67	0.99	0.81	0.47	0.86	0.95	-0.18	0.75	0.51	0.97	0.15	0.97	0.87	0.84	0.95
Cash	-0.36	-0.42	-0.39	-0.33	-0.37	-0.45	-0.4		-0.43	-0.23	-0.36	0.13	-0.37	-0.49	-0.49	-0.43	-0.31	-0.18	-0.47	-0.37	-0.37	-0.1	-0.34	-0.4	-0.43	-0.36
Other Assets	0.94	0.84	0.94	0.73	0.87	0.91	0.89	-0.43		-0.04	0.56	0.66	0.93	0.88	0.52	0.89	0.84	0.04	0.88	0.67	0.95	0.33	0.89	0.9	0.91	0.91
Net Receivables	0.19	0.2	0.05	0.37	-0.04	0.3	0.08	-0.23	-0.04		0.59	-0.33	-0.02	0.24	0.6	0.31	-0.15	0.45	0.16	0.36	-0.06	-0.12	-0.11	0.01	0.0	0.01
Inventory	0.69	0.81	0.57	0.89	0.65	0.8	0.52	-0.36	0.56	0.59		0.24	0.5	0.77	0.77	0.74	0.28	0.52	0.8	0.86	0.46	0.39	0.38	0.58	0.69	0.46
Other Current Assets	0.64	0.5	0.66	0.38	0.64	0.49	0.67	0.13	0.66	-0.33	0.24		0.7	0.46	-0.06	0.51	0.71	-0.28	0.51	0.36	0.73	0.18	0.73	0.66	0.62	0.67
Total Liab	0.94	0.74	0.99	0.63	0.81	0.84	0.99	-0.37	0.93	-0.02	0.5	0.7		0.83	0.44	0.84	0.96	-0.18	0.78	0.54	0.99	0.24	0.99	0.88	0.87	0.96
Intangible Assets	0.92	0.95	0.87	0.8	0.91	0.97	0.81	-0.49	0.88	0.24	0.77	0.46	0.83		0.68	0.87	0.68	0.23	0.87	0.83	0.83	0.57	0.77	0.79	0.85	0.77
Common Stock	0.63	0.6	0.49	0.84	0.47	0.74	0.47	-0.49	0.52	0.6	0.77	-0.06	0.44	0.68		0.74	0.28	0.38	0.67	0.57	0.42	0.3	0.36	0.49	0.58	0.42
Property Plant Equipment	0.95	0.83	0.87	0.83	0.8	0.95	0.86	-0.43	0.89	0.31	0.74	0.51	0.84	0.87	0.74		0.7	0.16	0.82	0.7	0.84	0.33	0.78	0.81	0.81	0.81
Long Term Debt	0.84	0.55	0.93	0.46	0.68	0.68	0.95	-0.31	0.84	-0.15	0.28	0.71	0.96	0.68	0.28	0.7		-0.4	0.64	0.32	0.96	0.12	0.99	0.81	0.77	0.94
Short Term Investments	0.05	0.42	-0.08	0.35	0.22	0.25	-0.18	-0.18	0.04	0.45	0.52	-0.28	-0.18	0.23	0.38	0.16	-0.4		0.28	0.62	-0.19	0.16	-0.31	0.07	0.09	-0.26
Net Tangible Assets	0.86	0.89	0.82	0.91	0.85	0.89	0.75	-0.47	0.88	0.16	0.8	0.51	0.78	0.87	0.67	0.82	0.64	0.28		0.83	0.79	0.37	0.71	0.88	0.97	0.74
Total Current Assets	0.7	0.94	0.62	0.75	0.82	0.83	0.51	-0.37	0.67	0.36	0.86	0.36	0.54	0.83	0.57	0.7	0.32	0.62	0.83		0.54	0.48	0.43	0.68	0.71	0.47
Non Current Assets Total	0.94	0.74	0.98	0.62	0.82	0.84	0.97	-0.37	0.95	-0.06	0.46	0.73	0.99	0.83	0.42	0.84	0.96	-0.19	0.79	0.54		0.25	0.99	0.89	0.87	0.97
Non Currrent Assets Other	0.34	0.58	0.25	0.39	0.63	0.48	0.15	-0.1	0.33	-0.12	0.39	0.18	0.24	0.57	0.3	0.33	0.12	0.16	0.37	0.48	0.25		0.22	0.19	0.31	0.12
Non Current Liabilities Total	0.9	0.66	0.96	0.55	0.77	0.77	0.97	-0.34	0.89	-0.11	0.38	0.73	0.99	0.77	0.36	0.78	0.99	-0.31	0.71	0.43	0.99	0.22		0.85	0.83	0.95
Common Stock Shares Outstanding	0.88	0.78	0.89	0.72	0.81	0.82	0.87	-0.4	0.9	0.01	0.58	0.66	0.88	0.79	0.49	0.81	0.81	0.07	0.88	0.68	0.89	0.19	0.85		0.93	0.83
Net Invested Capital	0.88	0.83	0.89	0.85	0.85	0.86	0.84	-0.43	0.91	0.0	0.69	0.62	0.87	0.85	0.58	0.81	0.77	0.09	0.97	0.71	0.87	0.31	0.83	0.93		0.83
Short Long Term Debt	0.91	0.65	0.96	0.6	0.69	0.8	0.95	-0.36	0.91	0.01	0.46	0.67	0.96	0.77	0.42	0.81	0.94	-0.26	0.74	0.47	0.97	0.12	0.95	0.83	0.83

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Shandong Rike Account Relationship Matchups

Shandong Rike fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.3B	2.9B	3.0B	3.9B	4.5B	4.8B
Other Current Liab	183.5M	249.3M	231.4M	182.1M	209.4M	219.8M
Total Current Liabilities	269.1M	454.0M	440.1M	838.2M	963.9M	1.0B
Total Stockholder Equity	1.9B	2.4B	2.5B	2.6B	3.0B	1.5B
Other Liab	1.1M	67.6K	77.2M	77.1M	88.6M	93.1M
Retained Earnings	955.7M	1.1B	1.3B	1.2B	1.4B	1.5B
Accounts Payable	62.3M	154.8M	103.2M	334.5M	384.6M	403.9M
Cash	204.5M	89.7M	116.2M	88.8M	79.9M	137.1M
Other Assets	40.9M	72.0M	127.3M	305.7M	351.5M	369.1M
Net Receivables	365.4M	783.5M	305.0M	318.0M	365.7M	421.1M
Inventory	212.4M	307.7M	230.0M	222.4M	255.8M	158.7M
Other Current Assets	88.2M	100.3M	116.2M	168.4M	193.6M	203.3M
Total Liab	346.3M	531.1M	521.1M	1.4B	1.6B	1.6B
Intangible Assets	255.7M	251.4M	254.7M	274.6M	315.8M	331.6M
Property Plant Equipment	589.8M	607.8M	786.4M	932.9M	1.1B	1.1B
Net Tangible Assets	1.6B	1.7B	2.1B	2.3B	2.6B	1.8B
Total Current Assets	1.3B	1.7B	1.6B	1.2B	1.4B	1.4B
Non Current Assets Total	935.6M	1.2B	1.5B	2.7B	3.1B	3.3B
Non Currrent Assets Other	671.1M	97.0M	276.4M	127.8M	147.0M	175.4M
Non Current Liabilities Total	77.2M	77.1M	81.0M	524.5M	603.1M	633.3M
Net Invested Capital	1.9B	2.4B	2.6B	3.0B	3.5B	2.4B
Short Long Term Debt	700K	25.6M	88.8M	216.1M	248.5M	260.9M
Net Working Capital	1.1B	1.3B	1.1B	389.8M	350.9M	333.3M
Property Plant And Equipment Net	608.8M	787.6M	934.2M	2.1B	2.4B	2.5B
Property Plant And Equipment Gross	983.1M	1.2B	934.2M	2.7B	3.1B	3.2B

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Other Information on Investing in Shandong Stock

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

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Shandong Total Revenue vs Income Before Tax Analysis

Total Revenue vs Income Before Tax

Total Revenue vs Income Before Tax Correlation Analysis

Correlation Coefficient

Total Revenue

Income Before Tax

Shandong Rike fundamental ratios Correlations

Shandong Rike Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Rike fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Non Current Assets Total	+ 0.99	Total Liab
Non Current Liabilities Total	+ 0.99	Total Liab
Non Current Liabilities Total	+ 0.99	Long Term Debt
Non Current Liabilities Total	+ 0.99	Non Current Assets Total

Common Stock	- 0.49	Cash
Intangible Assets	- 0.49	Cash
Net Tangible Assets	- 0.47	Cash
Cash	- 0.45	Retained Earnings
Net Invested Capital	- 0.43	Cash
Property Plant Equipment	- 0.43	Cash