Huizhou Income Before Tax vs Cost Of Revenue Analysis

300322 Stock

13.76 0.40 2.82%

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

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huizhou Speed Wireless Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Huizhou Speed's Income Before Tax and Cost Of Revenue is -0.08. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Huizhou Speed Wireless, assuming nothing else is changed. The correlation between historical values of Huizhou Speed's Income Before Tax and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Huizhou Speed Wireless are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Huizhou Speed's Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Huizhou Speed income statement and is an important metric when analyzing Huizhou Speed Wireless 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.

Cost Of Revenue

Cost of Revenue is found on Huizhou Speed Wireless income statement and represents the costs associated with goods and services Huizhou Speed provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Huizhou Speed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huizhou Speed Wireless 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 Huizhou Speed Wireless. 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 91.2 M, whereas Tax Provision is projected to grow to (8 M).

	2021	2022	2023	2024 (projected)
Gross Profit	398.1M	290.3M	322.1M	368.5M
Research Development	131.6M	160.5M	153.6M	133.5M

Gross Profit Research Development

Huizhou Speed fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Good Will	Treasury Stock	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total
Total Assets		0.37	0.97	0.9	0.44	0.91	0.81	0.77	0.86	0.96	0.7	0.97	0.58	0.93	0.88	0.71	0.67	0.79	0.87	0.79	-0.16	0.7	0.81	-0.42	0.91	-0.26
Other Current Liab	0.37		0.45	0.13	0.25	0.35	0.01	0.12	0.51	0.32	0.07	0.45	0.13	0.39	0.6	0.53	-0.06	-0.08	0.2	-0.16	0.32	-0.11	0.12	-0.21	0.11	0.01
Total Current Liabilities	0.97	0.45		0.77	0.36	0.92	0.7	0.74	0.9	0.94	0.59	0.99	0.63	0.94	0.9	0.76	0.6	0.72	0.91	0.67	-0.17	0.72	0.82	-0.55	0.86	-0.35
Total Stockholder Equity	0.9	0.13	0.77		0.55	0.81	0.92	0.66	0.69	0.89	0.7	0.78	0.38	0.77	0.65	0.45	0.65	0.82	0.7	0.89	-0.13	0.61	0.64	-0.14	0.89	-0.19
Retained Earnings	0.44	0.25	0.36	0.55		0.59	0.5	-0.08	0.55	0.56	-0.06	0.33	-0.35	0.35	0.21	0.09	-0.16	0.49	0.36	0.28	0.57	0.36	0.05	0.03	0.41	-0.54
Accounts Payable	0.91	0.35	0.92	0.81	0.59		0.77	0.59	0.86	0.94	0.45	0.89	0.46	0.87	0.73	0.52	0.47	0.83	0.88	0.64	-0.07	0.76	0.63	-0.41	0.86	-0.55
Cash	0.81	0.01	0.7	0.92	0.5	0.77		0.53	0.52	0.83	0.57	0.69	0.28	0.62	0.47	0.35	0.57	0.78	0.64	0.88	-0.09	0.55	0.55	-0.12	0.91	-0.23
Other Assets	0.77	0.12	0.74	0.66	-0.08	0.59	0.53		0.6	0.66	0.91	0.77	0.88	0.71	0.72	0.69	0.96	0.66	0.74	0.71	-0.7	0.63	0.87	-0.46	0.75	0.04
Net Receivables	0.86	0.51	0.9	0.69	0.55	0.86	0.52	0.6		0.89	0.43	0.88	0.48	0.87	0.83	0.71	0.4	0.62	0.87	0.48	-0.05	0.66	0.69	-0.6	0.73	-0.52
Inventory	0.96	0.32	0.94	0.89	0.56	0.94	0.83	0.66	0.89		0.58	0.93	0.48	0.9	0.78	0.64	0.56	0.82	0.9	0.77	-0.09	0.71	0.71	-0.43	0.93	-0.43
Other Current Assets	0.7	0.07	0.59	0.7	-0.06	0.45	0.57	0.91	0.43	0.58		0.65	0.67	0.62	0.6	0.59	0.95	0.63	0.58	0.75	-0.57	0.49	0.75	-0.2	0.68	0.25
Total Liab	0.97	0.45	0.99	0.78	0.33	0.89	0.69	0.77	0.88	0.93	0.65		0.64	0.94	0.92	0.8	0.64	0.72	0.9	0.69	-0.18	0.7	0.84	-0.53	0.86	-0.27
Intangible Assets	0.58	0.13	0.63	0.38	-0.35	0.46	0.28	0.88	0.48	0.48	0.67	0.64		0.58	0.65	0.6	0.81	0.42	0.61	0.46	-0.81	0.47	0.69	-0.52	0.55	0.05
Common Stock	0.93	0.39	0.94	0.77	0.35	0.87	0.62	0.71	0.87	0.9	0.62	0.94	0.58		0.9	0.63	0.58	0.73	0.88	0.64	-0.15	0.72	0.77	-0.48	0.77	-0.35
Property Plant Equipment	0.88	0.6	0.9	0.65	0.21	0.73	0.47	0.72	0.83	0.78	0.6	0.92	0.65	0.9		0.8	0.56	0.49	0.75	0.49	-0.16	0.54	0.74	-0.53	0.64	-0.11
Long Term Debt	0.71	0.53	0.76	0.45	0.09	0.52	0.35	0.69	0.71	0.64	0.59	0.8	0.6	0.63	0.8		0.54	0.38	0.68	0.39	-0.18	0.46	0.77	-0.58	0.58	0.03
Other Liab	0.67	-0.06	0.6	0.65	-0.16	0.47	0.57	0.96	0.4	0.56	0.95	0.64	0.81	0.58	0.56	0.54		0.66	0.61	0.78	-0.74	0.56	0.78	-0.27	0.73	0.18
Good Will	0.79	-0.08	0.72	0.82	0.49	0.83	0.78	0.66	0.62	0.82	0.63	0.72	0.42	0.73	0.49	0.38	0.66		0.8	0.81	-0.25	0.86	0.66	-0.18	0.85	-0.38
Treasury Stock	0.87	0.2	0.91	0.7	0.36	0.88	0.64	0.74	0.87	0.9	0.58	0.9	0.61	0.88	0.75	0.68	0.61	0.8		0.64	-0.29	0.87	0.84	-0.69	0.85	-0.55
Net Tangible Assets	0.79	-0.16	0.67	0.89	0.28	0.64	0.88	0.71	0.48	0.77	0.75	0.69	0.46	0.64	0.49	0.39	0.78	0.81	0.64		-0.32	0.6	0.71	-0.08	0.89	-0.04
Short Term Investments	-0.16	0.32	-0.17	-0.13	0.57	-0.07	-0.09	-0.7	-0.05	-0.09	-0.57	-0.18	-0.81	-0.15	-0.16	-0.18	-0.74	-0.25	-0.29	-0.32		-0.28	-0.41	0.34	-0.3	-0.13
Other Stockholder Equity	0.7	-0.11	0.72	0.61	0.36	0.76	0.55	0.63	0.66	0.71	0.49	0.7	0.47	0.72	0.54	0.46	0.56	0.86	0.87	0.6	-0.28		0.76	-0.53	0.7	-0.56
Deferred Long Term Liab	0.81	0.12	0.82	0.64	0.05	0.63	0.55	0.87	0.69	0.71	0.75	0.84	0.69	0.77	0.74	0.77	0.78	0.66	0.84	0.71	-0.41	0.76		-0.56	0.76	-0.16
Long Term Investments	-0.42	-0.21	-0.55	-0.14	0.03	-0.41	-0.12	-0.46	-0.6	-0.43	-0.2	-0.53	-0.52	-0.48	-0.53	-0.58	-0.27	-0.18	-0.69	-0.08	0.34	-0.53	-0.56		-0.38	0.51
Total Current Assets	0.91	0.11	0.86	0.89	0.41	0.86	0.91	0.75	0.73	0.93	0.68	0.86	0.55	0.77	0.64	0.58	0.73	0.85	0.85	0.89	-0.3	0.7	0.76	-0.38		-0.31
Non Current Assets Total	-0.26	0.01	-0.35	-0.19	-0.54	-0.55	-0.23	0.04	-0.52	-0.43	0.25	-0.27	0.05	-0.35	-0.11	0.03	0.18	-0.38	-0.55	-0.04	-0.13	-0.56	-0.16	0.51	-0.31

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Huizhou Speed Account Relationship Matchups

Huizhou Speed fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	3.0B	2.9B	3.0B	2.9B	1.8B
Other Current Liab	65.9M	64.9M	42.6M	134.6M	14.7M	14.0M
Total Current Liabilities	1.0B	1.5B	1.2B	1.4B	1.5B	875.6M
Total Stockholder Equity	656.6M	1.3B	1.4B	1.2B	1.0B	719.0M
Retained Earnings	243.2M	256.9M	295.5M	198.2M	(38.9M)	(37.0M)
Accounts Payable	587.3M	757.5M	517.2M	518.7M	451.6M	367.8M
Cash	189.1M	922.7M	606.4M	627.6M	454.5M	300.3M
Other Assets	64.0M	71.6M	103.7M	155.6M	179.0M	187.9M
Net Receivables	671.0M	571.6M	761.4M	565.2M	513.4M	455.2M
Inventory	250.8M	393.4M	396.8M	313.1M	277.1M	209.7M
Other Current Assets	21.0M	44.7M	82.5M	136.1M	108.3M	113.7M
Total Liab	1.1B	1.6B	1.5B	1.7B	1.8B	999.2M
Intangible Assets	50.7M	56.6M	56.7M	57.8M	195.3M	205.1M
Property Plant Equipment	439.2M	544.8M	658.3M	742.2M	853.5M	491.6M
Long Term Debt	43.8M	14.1M	130.0M	172.5M	134.6M	89.0M
Other Liab	21.9M	67.9M	85.9M	146.1M	168.0M	176.4M
Good Will	4.0M	30.2M	50.9M	50.4M	40.8M	35.8M
Net Tangible Assets	565.4M	1.2B	1.3B	1.1B	1.3B	845.1M
Other Stockholder Equity	4.6M	2.5M	2.6M	3.4M	3.9M	2.5M
Deferred Long Term Liab	25.4M	22.7M	27.6M	37.5M	43.1M	28.6M
Total Current Assets	1.1B	2.2B	1.8B	1.8B	1.6B	1.5B
Non Current Assets Total	672.3M	798.7M	1.1B	1.2B	1.3B	1.1B
Non Currrent Assets Other	21.1M	567.7M	39.2M	49.4M	22.9M	21.8M
Non Current Liabilities Total	65.7M	82.0M	231.2M	336.5M	283.7M	208.4M
Short Long Term Debt	312.0M	581.1M	582.3M	538.4M	813.0M	620.8M
Net Debt	332.9M	163.0M	105.9M	83.2M	493.1M	517.8M
Net Invested Capital	1.0B	1.9B	2.1B	1.9B	2.0B	1.8B
Net Working Capital	97.2M	681.3M	611.5M	395.3M	115.2M	109.5M

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Other Information on Investing in Huizhou Stock

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

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Huizhou Income Before Tax vs Cost Of Revenue Analysis

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Cost Of Revenue

Huizhou Speed fundamental ratios Correlations

Huizhou Speed Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Huizhou Speed fundamental ratios Accounts

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Other Information on Investing in Huizhou Stock

COMMON DESTINATIONS

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Total Liab	+ 0.99	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Inventory	+ 0.96	Total Assets
Other Liab	+ 0.96	Other Assets
Other Liab	+ 0.95	Other Current Assets

Short Term Investments	- 0.81	Intangible Assets
Short Term Investments	- 0.74	Other Liab
Short Term Investments	- 0.7	Other Assets
Long Term Investments	- 0.69	Treasury Stock
Long Term Investments	- 0.6	Net Receivables
Long Term Investments	- 0.58	Long Term Debt