| 300823 Stock | | | 13.96 0.01 0.07% |
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 Gross Profit and its Income Before Tax 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.
Gross Profit vs Income Before Tax
Gross Profit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tjk Machinery Tianjin Gross Profit account and
Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tjk Machinery's Gross Profit and Income Before Tax is 0.97. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax 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 Gross Profit 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 Gross Profit of Tjk Machinery Tianjin 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 Gross Profit i.e., Tjk Machinery's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Tjk Machinery Tianjin minus its cost of goods sold. It is profit before Tjk Machinery operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Tjk Machinery income statement and is an important metric when analyzing Tjk Machinery Tianjin 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 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 30, 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 |
Tjk Machinery fundamental ratios Correlations
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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
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.