Shengtak Net Income vs Gross Profit Analysis

300881 Stock

31.57 0.55 1.77%

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

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shengtak New Material Net Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shengtak New's Net Income and Gross Profit is 0.91. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Shengtak New Material, assuming nothing else is changed. The correlation between historical values of Shengtak New's Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Shengtak New Material are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., Shengtak New's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Shengtak New Material minus its cost of goods sold. It is profit before Shengtak New 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.

Most indicators from Shengtak New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengtak New Material 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 Shengtak New Material. 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 52.7 M, whereas Tax Provision is forecasted to decline to about 8.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	123.5M	155.2M	279.1M	170.3M
Total Revenue	1.1B	1.2B	2.0B	1.1B

Gross Profit Total Revenue

Shengtak New fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Current Liabilities Total	Net Tangible Assets	Short Long Term Debt
Total Assets		0.95	-0.34	0.98	0.92	0.94	0.54	0.38	0.86	0.98	0.96	0.97	0.46	0.9	0.98	0.99	0.47	0.82	0.98	0.99	0.96	0.97	0.62	0.8	0.78	0.95
Short Long Term Debt Total	0.95		-0.18	0.97	0.77	0.98	0.66	0.63	0.79	0.94	0.86	0.98	0.3	0.77	0.9	0.95	0.4	0.66	0.98	0.92	0.98	0.9	0.43	0.92	0.61	0.98
Other Current Liab	-0.34	-0.18		-0.24	-0.52	-0.13	0.58	0.21	-0.22	-0.3	-0.38	-0.22	-0.56	-0.45	-0.42	-0.24	-0.18	-0.56	-0.22	-0.39	-0.22	-0.37	-0.64	-0.09	-0.57	-0.24
Total Current Liabilities	0.98	0.97	-0.24		0.83	0.97	0.63	0.49	0.82	0.99	0.91	0.98	0.42	0.81	0.96	0.99	0.46	0.72	1.0	0.96	0.97	0.92	0.53	0.85	0.68	0.95
Total Stockholder Equity	0.92	0.77	-0.52	0.83		0.74	0.28	0.02	0.8	0.84	0.97	0.81	0.57	0.98	0.92	0.86	0.5	0.97	0.81	0.95	0.82	0.95	0.79	0.54	0.93	0.82
Property Plant And Equipment Net	0.94	0.98	-0.13	0.97	0.74		0.7	0.63	0.82	0.95	0.83	0.99	0.22	0.72	0.88	0.96	0.37	0.6	0.98	0.89	0.95	0.88	0.37	0.94	0.57	0.94
Current Deferred Revenue	0.54	0.66	0.58	0.63	0.28	0.7		0.58	0.52	0.56	0.45	0.65	-0.19	0.34	0.43	0.61	0.26	0.15	0.64	0.48	0.62	0.49	-0.11	0.66	0.1	0.6
Net Debt	0.38	0.63	0.21	0.49	0.02	0.63	0.58		0.17	0.43	0.13	0.55	-0.24	0.01	0.3	0.45	0.07	-0.07	0.54	0.28	0.54	0.29	-0.17	0.77	-0.14	0.52
Retained Earnings	0.86	0.79	-0.22	0.82	0.8	0.82	0.52	0.17		0.84	0.89	0.83	0.28	0.83	0.85	0.82	0.11	0.64	0.83	0.85	0.76	0.81	0.34	0.73	0.68	0.82
Accounts Payable	0.98	0.94	-0.3	0.99	0.84	0.95	0.56	0.43	0.84		0.91	0.97	0.47	0.81	0.97	0.98	0.42	0.73	0.99	0.96	0.94	0.9	0.55	0.81	0.69	0.92
Cash	0.96	0.86	-0.38	0.91	0.97	0.83	0.45	0.13	0.89	0.91		0.88	0.54	0.97	0.95	0.92	0.46	0.89	0.89	0.98	0.89	0.95	0.67	0.65	0.86	0.9
Non Current Assets Total	0.97	0.98	-0.22	0.98	0.81	0.99	0.65	0.55	0.83	0.97	0.88		0.33	0.78	0.92	0.98	0.44	0.69	0.99	0.93	0.97	0.92	0.47	0.9	0.65	0.96
Non Currrent Assets Other	0.46	0.3	-0.56	0.42	0.57	0.22	-0.19	-0.24	0.28	0.47	0.54	0.33		0.49	0.54	0.41	0.45	0.6	0.38	0.51	0.4	0.41	0.72	0.02	0.64	0.39
Cash And Short Term Investments	0.9	0.77	-0.45	0.81	0.98	0.72	0.34	0.01	0.83	0.81	0.97	0.78	0.49		0.89	0.82	0.46	0.93	0.79	0.93	0.81	0.94	0.72	0.54	0.9	0.82
Net Receivables	0.98	0.9	-0.42	0.96	0.92	0.88	0.43	0.3	0.85	0.97	0.95	0.92	0.54	0.89		0.95	0.36	0.83	0.95	0.99	0.92	0.92	0.66	0.73	0.79	0.91
Inventory	0.99	0.95	-0.24	0.99	0.86	0.96	0.61	0.45	0.82	0.98	0.92	0.98	0.41	0.82	0.95		0.49	0.77	0.98	0.97	0.96	0.94	0.57	0.81	0.71	0.93
Other Current Assets	0.47	0.4	-0.18	0.46	0.5	0.37	0.26	0.07	0.11	0.42	0.46	0.44	0.45	0.46	0.36	0.49		0.59	0.42	0.47	0.51	0.55	0.57	0.16	0.5	0.41
Other Stockholder Equity	0.82	0.66	-0.56	0.72	0.97	0.6	0.15	-0.07	0.64	0.73	0.89	0.69	0.6	0.93	0.83	0.77	0.59		0.69	0.87	0.74	0.9	0.88	0.38	0.93	0.72
Total Liab	0.98	0.98	-0.22	1.0	0.81	0.98	0.64	0.54	0.83	0.99	0.89	0.99	0.38	0.79	0.95	0.98	0.42	0.69		0.95	0.97	0.91	0.48	0.88	0.65	0.95
Total Current Assets	0.99	0.92	-0.39	0.96	0.95	0.89	0.48	0.28	0.85	0.96	0.98	0.93	0.51	0.93	0.99	0.97	0.47	0.87	0.95		0.94	0.97	0.68	0.73	0.82	0.93
Short Term Debt	0.96	0.98	-0.22	0.97	0.82	0.95	0.62	0.54	0.76	0.94	0.89	0.97	0.4	0.81	0.92	0.96	0.51	0.74	0.97	0.94		0.93	0.53	0.84	0.67	0.98
Intangible Assets	0.97	0.9	-0.37	0.92	0.95	0.88	0.49	0.29	0.81	0.9	0.95	0.92	0.41	0.94	0.92	0.94	0.55	0.9	0.91	0.97	0.93		0.67	0.73	0.84	0.93
Common Stock	0.62	0.43	-0.64	0.53	0.79	0.37	-0.11	-0.17	0.34	0.55	0.67	0.47	0.72	0.72	0.66	0.57	0.57	0.88	0.48	0.68	0.53	0.67		0.14	0.88	0.47
Non Current Liabilities Total	0.8	0.92	-0.09	0.85	0.54	0.94	0.66	0.77	0.73	0.81	0.65	0.9	0.02	0.54	0.73	0.81	0.16	0.38	0.88	0.73	0.84	0.73	0.14		0.37	0.87
Net Tangible Assets	0.78	0.61	-0.57	0.68	0.93	0.57	0.1	-0.14	0.68	0.69	0.86	0.65	0.64	0.9	0.79	0.71	0.5	0.93	0.65	0.82	0.67	0.84	0.88	0.37		0.68
Short Long Term Debt	0.95	0.98	-0.24	0.95	0.82	0.94	0.6	0.52	0.82	0.92	0.9	0.96	0.39	0.82	0.91	0.93	0.41	0.72	0.95	0.93	0.98	0.93	0.47	0.87	0.68

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Shengtak New Account Relationship Matchups

Shengtak New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	936.2M	1.2B	1.5B	1.6B	2.8B	3.0B
Short Long Term Debt Total	99.1M	121M	250.3M	154.9M	603.1M	633.3M
Other Current Liab	3.1M	668.1K	5.3M	9.6M	21.8M	19.2M
Total Current Liabilities	563.8M	416.0M	726.2M	755.0M	1.5B	1.6B
Total Stockholder Equity	372.5M	736.8M	776.1M	839.0M	923.8M	970.0M
Property Plant And Equipment Net	68.7M	68.0M	96.2M	148.3M	467.8M	491.2M
Current Deferred Revenue	15.4M	17.8M	17.9M	21.1M	76.2M	80.0M
Net Debt	(86.6M)	(141.3M)	(111.6M)	(194.1M)	142.2M	149.3M
Retained Earnings	124.8M	172.0M	206.6M	262.8M	336.4M	353.2M
Accounts Payable	446.1M	276.5M	452.7M	569.5M	1.0B	1.1B
Cash	185.7M	262.3M	361.9M	348.9M	460.9M	484.0M
Non Current Assets Total	134.3M	131.9M	229.4M	321.6M	861.2M	904.3M
Non Currrent Assets Other	47.0M	50K	56.6M	40.3M	29.7M	16.1M
Cash And Short Term Investments	185.7M	413.3M	412.7M	348.9M	460.9M	484.0M
Net Receivables	459.1M	447.3M	648.7M	639.6M	954.1M	1.0B
Liabilities And Stockholders Equity	936.2M	1.2B	1.5B	1.6B	2.8B	3.0B
Inventory	157.1M	160.3M	210.4M	280.3M	471.7M	495.3M
Other Current Assets	4.5K	3.7K	2.3M	5.5M	11.8M	12.4M
Other Stockholder Equity	166.6M	140.5M	441.8M	441.8M	431.8M	453.4M
Total Liab	563.8M	416.0M	727.3M	756.9M	1.8B	1.9B
Total Current Assets	801.9M	1.0B	1.3B	1.3B	2.0B	2.1B
Short Term Debt	99.1M	121M	250.3M	154.9M	443.3M	465.5M
Intangible Assets	13.9M	59.7M	57.7M	56.3M	106.7M	112.0M
Other Assets	24.3M	51.6M	1.0	10.7M	0.9	0.86
Net Tangible Assets	358.5M	677.2M	718.4M	782.8M	900.2M	510.6M
Short Long Term Debt	99.1M	121M	250.3M	154.9M	388.2M	407.6M
Property Plant Equipment	68.7M	68.0M	96.2M	148.3M	170.6M	94.0M
Net Invested Capital	471.6M	857.8M	1.0B	993.9M	1.5B	883.3M
Net Working Capital	238.2M	604.9M	547.9M	519.3M	423.6M	419.4M

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Other Information on Investing in Shengtak Stock

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

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Shengtak Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

Shengtak New fundamental ratios Correlations

Shengtak New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shengtak New fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Common Stock	- 0.64	Other Current Liab
Net Tangible Assets	- 0.57	Other Current Liab
Other Stockholder Equity	- 0.56	Other Current Liab
Non Currrent Assets Other	- 0.56	Other Current Liab
Total Stockholder Equity	- 0.52	Other Current Liab
Cash And Short Term Investments	- 0.45	Other Current Liab