Tjk Ebit vs Net Income Analysis

300823 Stock

14.03 0.22 1.59%

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

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tjk Machinery Tianjin Ebit account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Tjk Machinery's Ebit and Net Income is 0.92. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income in the same time period over historical financial statements of Tjk Machinery Tianjin, assuming nothing else is changed. The correlation between historical values of Tjk Machinery's Ebit and Net 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 Ebit of Tjk Machinery Tianjin are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Ebit i.e., Tjk Machinery's Ebit and Net Income go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebit

Net Income

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

Most indicators from Tjk Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tjk Machinery Tianjin 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 Tjk Machinery Tianjin. 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.

As of December 21, 2024, Tax Provision is expected to decline to about 8.5 M. In addition to that, Selling General Administrative is expected to decline to about 41.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	219.9M	157.8M	203.4M	218.5M
Total Revenue	481.2M	437.3M	461.0M	481.1M

Gross Profit Total Revenue

Tjk Machinery fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Other Stockholder Equity	Deferred Long Term Liab	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt
Other Liab		0.15	0.04	0.35	0.23	0.02	0.22	0.03	0.08	-0.48	-0.28	0.09	-0.33	0.03	0.51	-0.15	0.38	-0.23	0.57	-0.1	-0.19	-0.14	-0.05	-0.04	0.27	0.08
Net Tangible Assets	0.15		0.96	0.73	0.96	-0.87	0.97	-0.52	0.99	0.27	-0.78	0.99	0.45	0.93	0.72	-0.93	-0.5	0.71	-0.25	0.91	0.82	-0.84	-0.95	0.97	-0.81	-0.92
Retained Earnings	0.04	0.96		0.67	0.96	-0.95	0.88	-0.66	0.96	0.43	-0.72	0.96	0.55	0.92	0.55	-0.89	-0.58	0.78	-0.38	0.95	0.9	-0.81	-0.95	0.98	-0.88	-0.95
Other Assets	0.35	0.73	0.67		0.72	-0.61	0.81	-0.31	0.79	-0.27	-0.72	0.76	0.34	0.64	0.87	-0.83	-0.29	0.54	0.07	0.7	0.59	-0.72	-0.79	0.7	-0.54	-0.64
Other Stockholder Equity	0.23	0.96	0.96	0.72		-0.93	0.9	-0.64	0.93	0.3	-0.65	0.92	0.54	0.83	0.68	-0.85	-0.58	0.74	-0.34	0.92	0.84	-0.73	-0.9	0.91	-0.84	-0.92
Deferred Long Term Liab	0.02	-0.87	-0.95	-0.61	-0.93		-0.76	0.83	-0.87	-0.44	0.54	-0.85	-0.67	-0.79	-0.44	0.78	0.75	-0.82	0.58	-0.93	-0.91	0.68	0.87	-0.9	0.95	0.91
Common Stock	0.22	0.97	0.88	0.81	0.9	-0.76		-0.41	0.96	0.05	-0.83	0.97	0.38	0.88	0.83	-0.95	-0.43	0.64	-0.12	0.84	0.7	-0.85	-0.93	0.91	-0.71	-0.85
Property Plant Equipment	0.03	-0.52	-0.66	-0.31	-0.64	0.83	-0.41		-0.52	-0.29	0.28	-0.5	-0.72	-0.47	-0.08	0.48	0.71	-0.67	0.65	-0.64	-0.6	0.44	0.58	-0.59	0.72	0.63
Total Assets	0.08	0.99	0.96	0.79	0.93	-0.87	0.96	-0.52		0.24	-0.8	1.0	0.47	0.94	0.71	-0.96	-0.51	0.75	-0.25	0.94	0.84	-0.86	-0.98	0.99	-0.82	-0.92
Other Current Liab	-0.48	0.27	0.43	-0.27	0.3	-0.44	0.05	-0.29	0.24		0.06	0.25	0.18	0.35	-0.38	-0.07	-0.36	0.35	-0.54	0.4	0.59	-0.05	-0.19	0.38	-0.5	-0.37
Total Current Liabilities	-0.28	-0.78	-0.72	-0.72	-0.65	0.54	-0.83	0.28	-0.8	0.06		-0.84	-0.11	-0.89	-0.63	0.92	0.12	-0.32	-0.13	-0.57	-0.53	0.97	0.85	-0.78	0.45	0.68
Total Stockholder Equity	0.09	0.99	0.96	0.76	0.92	-0.85	0.97	-0.5	1.0	0.25	-0.84		0.43	0.96	0.69	-0.97	-0.48	0.7	-0.22	0.91	0.83	-0.89	-0.98	0.98	-0.8	-0.92
Accounts Payable	-0.33	0.45	0.55	0.34	0.54	-0.67	0.38	-0.72	0.47	0.18	-0.11	0.43		0.31	0.18	-0.36	-0.78	0.7	-0.69	0.66	0.51	-0.27	-0.52	0.5	-0.69	-0.68
Cash	0.03	0.93	0.92	0.64	0.83	-0.79	0.88	-0.47	0.94	0.35	-0.89	0.96	0.31		0.53	-0.94	-0.39	0.58	-0.21	0.82	0.79	-0.93	-0.94	0.96	-0.73	-0.86
Non Current Assets Total	0.51	0.72	0.55	0.87	0.68	-0.44	0.83	-0.08	0.71	-0.38	-0.63	0.69	0.18	0.53		-0.72	-0.16	0.39	0.22	0.56	0.37	-0.58	-0.65	0.57	-0.37	-0.53
Non Currrent Assets Other	-0.15	-0.93	-0.89	-0.83	-0.85	0.78	-0.95	0.48	-0.96	-0.07	0.92	-0.97	-0.36	-0.94	-0.72		0.4	-0.63	0.12	-0.83	-0.74	0.95	0.97	-0.94	0.71	0.84
Long Term Debt	0.38	-0.5	-0.58	-0.29	-0.58	0.75	-0.43	0.71	-0.51	-0.36	0.12	-0.48	-0.78	-0.39	-0.16	0.4		-0.58	0.92	-0.65	-0.69	0.34	0.55	-0.55	0.84	0.68
Net Receivables	-0.23	0.71	0.78	0.54	0.74	-0.82	0.64	-0.67	0.75	0.35	-0.32	0.7	0.7	0.58	0.39	-0.63	-0.58		-0.43	0.9	0.76	-0.43	-0.71	0.77	-0.84	-0.76
Non Current Liabilities Total	0.57	-0.25	-0.38	0.07	-0.34	0.58	-0.12	0.65	-0.25	-0.54	-0.13	-0.22	-0.69	-0.21	0.22	0.12	0.92	-0.43		-0.44	-0.54	0.1	0.29	-0.34	0.7	0.48
Inventory	-0.1	0.91	0.95	0.7	0.92	-0.93	0.84	-0.64	0.94	0.4	-0.57	0.91	0.66	0.82	0.56	-0.83	-0.65	0.9	-0.44		0.91	-0.68	-0.9	0.95	-0.92	-0.93
Other Current Assets	-0.19	0.82	0.9	0.59	0.84	-0.91	0.7	-0.6	0.84	0.59	-0.53	0.83	0.51	0.79	0.37	-0.74	-0.69	0.76	-0.54	0.91		-0.66	-0.84	0.89	-0.95	-0.88
Total Liab	-0.14	-0.84	-0.81	-0.72	-0.73	0.68	-0.85	0.44	-0.86	-0.05	0.97	-0.89	-0.27	-0.93	-0.58	0.95	0.34	-0.43	0.1	-0.68	-0.66		0.93	-0.86	0.62	0.79
Short Long Term Debt	-0.05	-0.95	-0.95	-0.79	-0.9	0.87	-0.93	0.58	-0.98	-0.19	0.85	-0.98	-0.52	-0.94	-0.65	0.97	0.55	-0.71	0.29	-0.9	-0.84	0.93		-0.97	0.83	0.94
Total Current Assets	-0.04	0.97	0.98	0.7	0.91	-0.9	0.91	-0.59	0.99	0.38	-0.78	0.98	0.5	0.96	0.57	-0.94	-0.55	0.77	-0.34	0.95	0.89	-0.86	-0.97		-0.86	-0.94
Non Current Liabilities Other	0.27	-0.81	-0.88	-0.54	-0.84	0.95	-0.71	0.72	-0.82	-0.5	0.45	-0.8	-0.69	-0.73	-0.37	0.71	0.84	-0.84	0.7	-0.92	-0.95	0.62	0.83	-0.86		0.91
Short Term Debt	0.08	-0.92	-0.95	-0.64	-0.92	0.91	-0.85	0.63	-0.92	-0.37	0.68	-0.92	-0.68	-0.86	-0.53	0.84	0.68	-0.76	0.48	-0.93	-0.88	0.79	0.94	-0.94	0.91

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Tjk Machinery Account Relationship Matchups

Tjk Machinery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	3.5M	5.9M	8.5M	13.2M	15.2M	8.5M
Net Tangible Assets	457.7M	818.4M	874.4M	864.5M	994.2M	556.5M
Retained Earnings	356.2M	425.7M	476.2M	461.6M	422.5M	354.2M
Other Assets	12.7M	14.5M	28.2M	41.7M	47.9M	50.3M
Other Stockholder Equity	11.0M	12.9M	14.6M	16.3M	18.8M	10.8M
Deferred Long Term Liab	440.4K	110.8K	72.8K	34.8K	31.3K	29.8K
Property Plant Equipment	175.4M	176.7M	198.2M	230.8M	207.8M	164.6M
Total Assets	860.1M	1.1B	1.2B	1.2B	1.3B	1.1B
Other Current Liab	98.8M	81.3M	95.0M	91.1M	12.1M	11.5M
Total Current Liabilities	332.8M	208.5M	215.4M	211.4M	250.3M	225.3M
Total Stockholder Equity	520.1M	923.7M	976.9M	964.1M	973.4M	747.9M
Accounts Payable	128.3M	102.3M	94.7M	87.0M	112.0M	111.5M
Cash	152.9M	390.1M	365.2M	360.5M	242.1M	241.7M
Non Current Assets Total	250.5M	296.5M	328.8M	372.1M	473.6M	349.9M
Non Currrent Assets Other	264.2M	250.5M	12.7M	25.1M	13.9M	13.2M
Net Receivables	250.0M	209.9M	293.5M	201.0M	266.7M	257.9M
Non Current Liabilities Total	3.5M	5.9M	36.2M	27.1M	26.4M	19.4M
Inventory	202.9M	190.9M	246.3M	218.5M	247.3M	210.2M
Other Current Assets	3.7M	3.5M	4.7M	6.2M	3.1M	4.0M
Total Liab	336.2M	214.3M	251.6M	238.4M	276.7M	239.3M
Total Current Assets	609.6M	846.3M	909.8M	840.4M	792.0M	733.4M
Intangible Assets	62.4M	105.3M	102.4M	99.6M	98.0M	89.7M
Net Invested Capital	602.8M	923.9M	1.0B	978.0M	978.1M	875.1M
Net Working Capital	276.9M	637.8M	694.4M	629.0M	541.7M	482.0M

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Other Information on Investing in Tjk Stock

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

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Tjk Ebit vs Net Income Analysis

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

Correlation Coefficient

Ebit

Net Income

Tjk Machinery fundamental ratios Correlations

Tjk Machinery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tjk Machinery fundamental ratios Accounts

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Other Information on Investing in Tjk Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Assets	+ 0.99	Net Tangible Assets
Total Stockholder Equity	+ 0.99	Net Tangible Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.98	Retained Earnings
Total Current Assets	+ 0.98	Total Stockholder Equity

Short Long Term Debt	- 0.98	Total Stockholder Equity
Short Long Term Debt	- 0.98	Total Assets
Total Current Assets	- 0.97	Short Long Term Debt
Non Currrent Assets Other	- 0.97	Total Stockholder Equity
Non Currrent Assets Other	- 0.96	Total Assets
Non Current Liabilities Other	- 0.95	Other Current Assets