Zhejiang Operating Income vs Income Before Tax Analysis

300813 Stock

16.56 0.58 3.38%

Zhejiang Tailin financial indicator trend analysis is more than just analyzing Zhejiang Tailin Bioe current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Tailin Bioe is a good investment. Please check the relationship between Zhejiang Tailin Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Tailin Bioengineering. 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.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Tailin Bioe Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Zhejiang Tailin's Operating Income and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Zhejiang Tailin Bioengineering, assuming nothing else is changed. The correlation between historical values of Zhejiang Tailin's Operating Income 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 Operating Income of Zhejiang Tailin Bioengineering 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 Operating Income i.e., Zhejiang Tailin's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Zhejiang Tailin Bioe 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 Zhejiang Tailin Bioengineering 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Zhejiang Tailin income statement and is an important metric when analyzing Zhejiang Tailin Bioe 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 Zhejiang Tailin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Tailin Bioe 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 Zhejiang Tailin Bioengineering. 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 Tax Provision is expected to grow to about 3.4 M, whereas Selling General Administrative is forecasted to decline to about 37.4 M.

	2022	2023	2024	2025 (projected)
Net Interest Income	9.0M	10.5M	12.1M	12.7M
Tax Provision	261.1K	3.5M	3.2M	3.4M

Net Interest Income Tax Provision

Zhejiang Tailin 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	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	Short Term Debt
Total Assets		-0.2	0.89	0.92	0.82	0.86	0.9	0.84	0.87	0.94	-0.6	0.85	0.63	0.93	0.98	0.85	0.98	0.72	0.9	-0.89	0.89	0.81	0.88	0.92	0.91	-0.67
Other Current Liab	-0.2		0.07	-0.06	-0.08	0.12	-0.02	0.17	-0.09	-0.31	-0.23	0.08	0.19	-0.51	-0.15	-0.15	-0.31	-0.05	-0.07	0.33	0.07	0.08	-0.38	-0.18	-0.11	0.32
Total Current Liabilities	0.89	0.07		0.97	0.91	0.96	0.94	0.89	0.9	0.8	-0.66	0.94	0.67	0.75	0.89	0.75	0.85	0.87	0.95	-0.68	0.96	0.85	0.88	0.95	0.92	-0.35
Total Stockholder Equity	0.92	-0.06	0.97		0.88	0.98	0.98	0.91	0.96	0.8	-0.59	0.96	0.66	0.8	0.87	0.73	0.87	0.81	0.99	-0.72	0.97	0.89	0.92	0.99	0.98	-0.35
Other Liab	0.82	-0.08	0.91	0.88		0.85	0.87	0.8	0.84	0.72	-0.47	0.84	0.73	0.74	0.82	0.64	0.81	0.89	0.89	-0.59	0.84	0.78	0.85	0.89	0.86	-0.32
Net Tangible Assets	0.86	0.12	0.96	0.98	0.85		0.97	0.94	0.93	0.72	-0.58	0.97	0.69	0.67	0.81	0.69	0.78	0.76	0.96	-0.66	0.97	0.91	0.84	0.94	0.94	-0.26
Retained Earnings	0.9	-0.02	0.94	0.98	0.87	0.97		0.96	0.9	0.8	-0.49	0.98	0.79	0.76	0.86	0.77	0.84	0.74	0.95	-0.74	0.92	0.96	0.86	0.94	0.93	-0.35
Accounts Payable	0.84	0.17	0.89	0.91	0.8	0.94	0.96		0.8	0.77	-0.49	0.95	0.84	0.63	0.82	0.8	0.76	0.61	0.86	-0.74	0.88	0.98	0.71	0.84	0.83	-0.37
Cash	0.87	-0.09	0.9	0.96	0.84	0.93	0.9	0.8		0.68	-0.63	0.88	0.53	0.77	0.78	0.55	0.82	0.8	0.99	-0.62	0.93	0.78	0.91	0.96	0.99	-0.29
Non Current Assets Total	0.94	-0.31	0.8	0.8	0.72	0.72	0.8	0.77	0.68		-0.47	0.75	0.59	0.92	0.97	0.96	0.95	0.6	0.75	-0.95	0.76	0.74	0.8	0.82	0.74	-0.77
Non Currrent Assets Other	-0.6	-0.23	-0.66	-0.59	-0.47	-0.58	-0.49	-0.49	-0.63	-0.47		-0.5	-0.21	-0.49	-0.58	-0.39	-0.58	-0.51	-0.62	0.41	-0.65	-0.43	-0.52	-0.58	-0.61	0.29
Other Assets	0.85	0.08	0.94	0.96	0.84	0.97	0.98	0.95	0.88	0.75	-0.5		0.79	0.69	0.82	0.73	0.78	0.78	0.93	-0.66	0.91	0.95	0.84	0.92	0.91	-0.28
Net Receivables	0.63	0.19	0.67	0.66	0.73	0.69	0.79	0.84	0.53	0.59	-0.21	0.79		0.46	0.65	0.63	0.57	0.54	0.62	-0.52	0.56	0.86	0.48	0.59	0.59	-0.29
Non Current Liabilities Total	0.93	-0.51	0.75	0.8	0.74	0.67	0.76	0.63	0.77	0.92	-0.49	0.69	0.46		0.91	0.78	0.97	0.69	0.8	-0.86	0.73	0.63	0.9	0.86	0.81	-0.71
Inventory	0.98	-0.15	0.89	0.87	0.82	0.81	0.86	0.82	0.78	0.97	-0.58	0.82	0.65	0.91		0.9	0.98	0.73	0.84	-0.89	0.85	0.77	0.83	0.88	0.83	-0.72
Other Current Assets	0.85	-0.15	0.75	0.73	0.64	0.69	0.77	0.8	0.55	0.96	-0.39	0.73	0.63	0.78	0.9		0.84	0.46	0.65	-0.93	0.71	0.77	0.66	0.72	0.62	-0.72
Total Liab	0.98	-0.31	0.85	0.87	0.81	0.78	0.84	0.76	0.82	0.95	-0.58	0.78	0.57	0.97	0.98	0.84		0.73	0.86	-0.89	0.83	0.73	0.89	0.9	0.86	-0.71
Deferred Long Term Liab	0.72	-0.05	0.87	0.81	0.89	0.76	0.74	0.61	0.8	0.6	-0.51	0.78	0.54	0.69	0.73	0.46	0.73		0.84	-0.4	0.78	0.59	0.85	0.85	0.82	-0.2
Total Current Assets	0.9	-0.07	0.95	0.99	0.89	0.96	0.95	0.86	0.99	0.75	-0.62	0.93	0.62	0.8	0.84	0.65	0.86	0.84		-0.67	0.96	0.84	0.93	0.98	1.0	-0.32
Intangible Assets	-0.89	0.33	-0.68	-0.72	-0.59	-0.66	-0.74	-0.74	-0.62	-0.95	0.41	-0.66	-0.52	-0.86	-0.89	-0.93	-0.89	-0.4	-0.67		-0.71	-0.71	-0.7	-0.73	-0.67	0.85
Common Stock	0.89	0.07	0.96	0.97	0.84	0.97	0.92	0.88	0.93	0.76	-0.65	0.91	0.56	0.73	0.85	0.71	0.83	0.78	0.96	-0.71		0.82	0.86	0.95	0.94	-0.39
Property Plant Equipment	0.81	0.08	0.85	0.89	0.78	0.91	0.96	0.98	0.78	0.74	-0.43	0.95	0.86	0.63	0.77	0.77	0.73	0.59	0.84	-0.71	0.82		0.73	0.83	0.82	-0.3
Common Stock Shares Outstanding	0.88	-0.38	0.88	0.92	0.85	0.84	0.86	0.71	0.91	0.8	-0.52	0.84	0.48	0.9	0.83	0.66	0.89	0.85	0.93	-0.7	0.86	0.73		0.97	0.93	-0.38
Net Invested Capital	0.92	-0.18	0.95	0.99	0.89	0.94	0.94	0.84	0.96	0.82	-0.58	0.92	0.59	0.86	0.88	0.72	0.9	0.85	0.98	-0.73	0.95	0.83	0.97		0.98	-0.38
Net Working Capital	0.91	-0.11	0.92	0.98	0.86	0.94	0.93	0.83	0.99	0.74	-0.61	0.91	0.59	0.81	0.83	0.62	0.86	0.82	1.0	-0.67	0.94	0.82	0.93	0.98		-0.34
Short Term Debt	-0.67	0.32	-0.35	-0.35	-0.32	-0.26	-0.35	-0.37	-0.29	-0.77	0.29	-0.28	-0.29	-0.71	-0.72	-0.72	-0.71	-0.2	-0.32	0.85	-0.39	-0.3	-0.38	-0.38	-0.34

Click cells to compare fundamentals

Zhejiang Tailin Account Relationship Matchups

Zhejiang Tailin fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	540.0M	655.9M	922.7M	973.5M	1.1B	1.2B
Other Current Liab	59.1M	103.8M	4.5M	5.1M	5.9M	5.6M
Total Current Liabilities	95.3M	153.5M	129.3M	161.8M	186.1M	99.5M
Total Stockholder Equity	444.2M	497.4M	647.5M	648.8M	746.1M	402.1M
Net Tangible Assets	182.6M	217.2M	432.6M	485.0M	557.8M	285.1M
Retained Earnings	164.3M	217.4M	254.0M	248.6M	285.9M	170.9M
Accounts Payable	14.1M	16.7M	14.3M	14.8M	17.0M	13.5M
Cash	322.2M	302.5M	577.2M	397.0M	456.5M	251.4M
Non Current Assets Total	113.7M	141.4M	159.1M	334.8M	385.0M	404.2M
Non Currrent Assets Other	1.4M	3.5M	3.0M	7.4M	6.7M	6.4M
Other Assets	13.1M	15.5M	15.9M	23.0M	26.5M	14.6M
Net Receivables	17.9M	57.7M	42.6M	36.1M	41.5M	39.2M
Non Current Liabilities Total	498.6K	5.0M	145.9M	161.5M	185.7M	195.0M
Inventory	63.2M	122.4M	111.2M	160.6M	184.6M	193.9M
Other Current Assets	10.4M	11.8M	4.3M	20.7M	23.8M	25.0M
Total Liab	95.7M	158.5M	275.2M	323.3M	371.8M	390.3M
Deferred Long Term Liab	3.5M	3.2M	3.1M	8.5M	9.7M	4.9M
Total Current Assets	426.3M	514.5M	763.5M	638.8M	734.6M	396.3M
Intangible Assets	11.6M	12.4M	11.8M	11.3M	10.1M	9.6M
Property Plant Equipment	88.2M	89.0M	86.2M	106.0M	121.9M	79.7M
Net Invested Capital	444.2M	497.4M	792.9M	806.4M	927.3M	492.0M
Net Working Capital	331.0M	361.0M	634.2M	476.9M	548.5M	327.3M
Property Plant And Equipment Net	86.2M	106.0M	118.5M	269.1M	309.4M	324.9M
Property Plant And Equipment Gross	108.1M	134.2M	154.1M	314.0M	361.1M	379.1M

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.

BTC	Bitcoin
TRX	TRON
BNB	Binance Coin

Other Information on Investing in Zhejiang Stock

Balance Sheet is a snapshot of the financial position of Zhejiang Tailin Bioe at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Tailin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Tailin 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 Zhejiang 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

Zhejiang Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Zhejiang Tailin fundamental ratios Correlations

Zhejiang Tailin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Tailin fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Working Capital	+ 1.0	Total Current Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash
Net Working Capital	+ 0.99	Cash
Inventory	+ 0.98	Total Assets

Intangible Assets	- 0.95	Non Current Assets Total
Intangible Assets	- 0.93	Other Current Assets
Intangible Assets	- 0.89	Total Liab
Intangible Assets	- 0.89	Inventory
Intangible Assets	- 0.89	Total Assets
Intangible Assets	- 0.86	Non Current Liabilities Total