Yunnan Income Before Tax vs Operating Income Analysis

600096 Stock   22.00  0.33  1.48%   
Yunnan Yuntianhua financial indicator trend analysis is more than just analyzing Yunnan Yuntianhua current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yunnan Yuntianhua is a good investment. Please check the relationship between Yunnan Yuntianhua Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Yunnan Yuntianhua Co. 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 Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yunnan Yuntianhua Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
Income Before TaxOperating IncomeDiversified AwayIncome Before TaxOperating IncomeDiversified Away100%
The correlation between Yunnan Yuntianhua's Income Before Tax and Operating Income is 0.96. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Yunnan Yuntianhua Co, assuming nothing else is changed. The correlation between historical values of Yunnan Yuntianhua's Income Before Tax and Operating 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 Income Before Tax of Yunnan Yuntianhua Co are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Yunnan Yuntianhua's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from Yunnan Yuntianhua 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 Yunnan Yuntianhua Co 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.
Most indicators from Yunnan Yuntianhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yunnan Yuntianhua 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 Yunnan Yuntianhua Co. 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 1.9 B, whereas Tax Provision is forecasted to decline to about 578.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit8.7B12.2B10.5B8.5B
Research Development151.6M367.8M549.5M577.0M

Yunnan Yuntianhua fundamental ratios Correlations

0.780.920.030.12-0.230.770.780.730.310.930.790.960.850.430.880.280.86-0.09-0.13-0.120.120.110.430.120.37
0.780.82-0.270.05-0.480.640.60.680.260.730.790.810.570.160.59-0.10.71-0.5-0.36-0.190.24-0.180.550.270.31
0.920.82-0.280.01-0.520.890.760.830.430.850.940.980.730.240.67-0.040.81-0.3-0.4-0.250.43-0.070.560.380.31
0.03-0.27-0.280.050.93-0.350.03-0.44-0.350.01-0.5-0.190.410.770.170.470.070.770.970.35-0.810.52-0.24-0.840.39
0.120.050.010.050.06-0.03-0.020.27-0.2-0.010.010.10.07-0.160.310.21-0.14-0.08-0.130.030.07-0.2-0.280.15-0.36
-0.23-0.48-0.520.930.06-0.48-0.29-0.53-0.31-0.17-0.69-0.430.150.49-0.020.5-0.240.760.940.49-0.840.35-0.55-0.760.09
0.770.640.89-0.35-0.03-0.480.540.890.530.740.930.870.550.030.56-0.050.64-0.22-0.450.030.47-0.240.370.60.16
0.780.60.760.03-0.02-0.290.540.39-0.030.650.660.740.720.560.47-0.070.83-0.11-0.06-0.360.140.530.730.020.63
0.730.680.83-0.440.27-0.530.890.390.640.650.880.830.44-0.160.61-0.040.51-0.38-0.57-0.050.53-0.380.220.64-0.08
0.310.260.43-0.35-0.2-0.310.53-0.030.640.280.460.40.12-0.230.24-0.060.21-0.24-0.360.020.25-0.34-0.030.36-0.21
0.930.730.850.01-0.01-0.170.740.650.650.280.720.90.820.330.820.410.72-0.08-0.110.00.050.010.240.130.21
0.790.790.94-0.50.01-0.690.930.660.880.460.720.910.5-0.010.54-0.190.71-0.44-0.6-0.250.56-0.20.590.610.23
0.960.810.98-0.190.1-0.430.870.740.830.40.90.910.770.260.790.130.81-0.24-0.34-0.180.35-0.070.470.330.26
0.850.570.730.410.070.150.550.720.440.120.820.50.770.730.710.30.80.280.28-0.03-0.150.280.31-0.260.49
0.430.160.240.77-0.160.490.030.56-0.16-0.230.33-0.010.260.730.340.180.610.580.72-0.02-0.490.670.38-0.710.79
0.880.590.670.170.31-0.020.560.470.610.240.820.540.790.710.340.620.640.05-0.030.04-0.04-0.020.1-0.010.14
0.28-0.1-0.040.470.210.5-0.05-0.07-0.04-0.060.41-0.190.130.30.180.620.00.350.360.38-0.470.07-0.55-0.33-0.23
0.860.710.810.07-0.14-0.240.640.830.510.210.720.710.810.80.610.640.00.04-0.02-0.270.090.340.73-0.090.73
-0.09-0.5-0.30.77-0.080.76-0.22-0.11-0.38-0.24-0.08-0.44-0.240.280.580.050.350.040.780.29-0.590.44-0.24-0.660.34
-0.13-0.36-0.40.97-0.130.94-0.45-0.06-0.57-0.36-0.11-0.6-0.340.280.72-0.030.36-0.020.780.36-0.840.55-0.25-0.870.39
-0.12-0.19-0.250.350.030.490.03-0.36-0.050.020.0-0.25-0.18-0.03-0.020.040.38-0.270.290.36-0.35-0.18-0.57-0.04-0.2
0.120.240.43-0.810.07-0.840.470.140.530.250.050.560.35-0.15-0.49-0.04-0.470.09-0.59-0.84-0.35-0.410.340.77-0.24
0.11-0.18-0.070.52-0.20.35-0.240.53-0.38-0.340.01-0.2-0.070.280.67-0.020.070.340.440.55-0.18-0.410.32-0.590.63
0.430.550.56-0.24-0.28-0.550.370.730.22-0.030.240.590.470.310.380.1-0.550.73-0.24-0.25-0.570.340.320.080.76
0.120.270.38-0.840.15-0.760.60.020.640.360.130.610.33-0.26-0.71-0.01-0.33-0.09-0.66-0.87-0.040.77-0.590.08-0.43
0.370.310.310.39-0.360.090.160.63-0.08-0.210.210.230.260.490.790.14-0.230.730.340.39-0.2-0.240.630.76-0.43
Click cells to compare fundamentals

Yunnan Yuntianhua Account Relationship Matchups

Yunnan Yuntianhua fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets60.0B52.8B53.2B53.2B52.6B38.0B
Other Current Liab4.8B4.8B5.5B6.2B249.2M236.8M
Total Current Liabilities47.3B38.7B33.0B23.4B17.7B23.2B
Total Stockholder Equity4.4B6.4B10.2B16.4B18.7B19.7B
Other Liab1.6B882.8M961.7M1.0B1.2B1.3B
Retained Earnings(2.6B)(2.6B)1.1B7.1B9.0B9.4B
Accounts Payable11.3B4.0B3.2B3.3B4.4B6.3B
Cash11.1B9.8B10.1B7.4B6.4B5.1B
Net Receivables5.4B2.3B954.5M1.8B903.1M857.9M
Short Term Investments19.0M1.5M11.9M620.6K85.9K81.6K
Inventory7.8B6.0B7.6B8.0B7.5B5.1B
Other Current Assets5.5B2.8B2.6B1.3B476.4M452.6M
Total Liab53.5B44.3B40.6B33.8B30.6B30.6B
Intangible Assets3.9B4.0B3.9B3.9B4.6B4.8B
Common Stock1.4B1.8B1.8B1.8B2.1B2.2B
Property Plant Equipment21.4B20.8B20.9B23.2B26.7B17.2B
Long Term Debt2.7B3.3B5.4B8.3B11.2B5.7B
Other Assets2.2B2.3B1.7B1.8B2.0B1.1B
Net Tangible Assets431.9M2.3B6.3B12.4B14.3B15.0B
Other Stockholder Equity(108.5M)11.3M54.4M160.0M144.0M151.2M
Deferred Long Term Liab1.4B1.5B811.3M803.5M723.1M979.7M
Short Long Term Debt28.6B27.9B21.9B10.0B5.9B5.6B
Total Current Assets29.8B23.2B23.5B20.7B17.3B21.8B
Non Current Assets Total30.2B29.7B29.6B32.5B35.3B25.7B
Non Currrent Assets Other365.2M22.2M11.7M176.5M94.9M90.1M
Non Current Liabilities Total6.2B5.7B7.5B10.4B12.9B9.1B
Non Current Liabilities Other73.6M168.9M1.4B231.8M424.8M340.6M
Net Debt20.2B21.4B17.2B10.9B10.6B13.1B
Common Stock Shares Outstanding1.4B1.4B1.8B1.8B1.8B1.7B
Net Invested Capital35.7B37.6B37.5B34.7B35.8B38.5B
Net Working Capital(17.5B)(15.5B)(9.5B)(2.7B)(380.9M)(399.9M)
Capital Stock1.4B1.8B1.8B1.8B1.8B1.9B

Currently Active Assets on Macroaxis

Other Information on Investing in Yunnan Stock

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