Zhejiang Net Income From Continuing Ops vs Operating Income Analysis

600352 Stock   10.43  0.07  0.67%   
Zhejiang Longsheng financial indicator trend analysis is more than just analyzing Zhejiang Longsheng current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Longsheng is a good investment. Please check the relationship between Zhejiang Longsheng Net Income From Continuing Ops and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Longsheng Group. 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 From Continuing Ops vs Operating Income

Net Income From Continuing Ops vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Longsheng Net Income From Continuing Ops account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Longsheng's Net Income From Continuing Ops and Operating Income is 0.71. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Operating Income in the same time period over historical financial statements of Zhejiang Longsheng Group, assuming nothing else is changed. The correlation between historical values of Zhejiang Longsheng's Net Income From Continuing Ops 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 Net Income From Continuing Ops of Zhejiang Longsheng Group 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 Net Income From Continuing Ops i.e., Zhejiang Longsheng's Net Income From Continuing Ops and Operating Income go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Income From Continuing Ops

Operating Income

Operating Income is the amount of profit realized from Zhejiang Longsheng 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 Longsheng Group 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 Zhejiang Longsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Longsheng 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 Longsheng Group. 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 980.4 M, whereas Tax Provision is forecasted to decline to about 205.5 M.
 2021 2022 2023 2024 (projected)
Operating Income3.7B4.1B2.1B2.1B
Total Revenue16.7B21.2B15.3B10.7B

Zhejiang Longsheng fundamental ratios Correlations

0.640.940.980.970.770.880.96-0.020.990.650.980.660.90.890.950.70.620.440.85-0.72-0.430.920.910.950.89
0.640.720.610.60.570.630.47-0.120.610.790.660.230.480.590.550.450.290.130.57-0.81-0.520.530.710.630.54
0.940.720.950.950.760.930.88-0.210.910.640.90.460.780.870.830.840.350.250.87-0.75-0.550.780.870.90.74
0.980.610.951.00.80.910.94-0.110.960.610.930.60.870.90.920.760.490.30.9-0.7-0.450.860.870.930.82
0.970.60.951.00.80.90.93-0.170.960.610.910.570.830.860.90.770.470.280.92-0.72-0.440.870.880.950.82
0.770.570.760.80.80.60.64-0.110.740.70.710.550.60.690.70.540.360.190.85-0.68-0.390.720.750.790.67
0.880.630.930.910.90.60.89-0.280.860.440.820.350.790.840.80.840.290.20.83-0.62-0.540.740.760.830.69
0.960.470.880.940.930.640.89-0.030.970.480.940.620.90.850.940.70.620.470.81-0.55-0.350.910.820.910.86
-0.02-0.12-0.21-0.11-0.17-0.11-0.28-0.03-0.050.110.070.380.180.150.05-0.430.470.25-0.360.290.58-0.02-0.22-0.170.04
0.990.610.910.960.960.740.860.97-0.050.640.980.660.870.830.950.670.670.50.85-0.72-0.410.950.930.970.93
0.650.790.640.610.610.70.440.480.110.640.680.440.50.520.570.260.490.170.6-0.7-0.140.620.710.690.62
0.980.660.90.930.910.710.820.940.070.980.680.70.90.850.950.620.730.570.78-0.71-0.410.930.910.940.93
0.660.230.460.60.570.550.350.620.380.660.440.70.750.550.760.160.790.680.45-0.38-0.180.730.620.610.73
0.90.480.780.870.830.60.790.90.180.870.50.90.750.870.930.550.690.550.64-0.51-0.350.820.740.780.8
0.890.590.870.90.860.690.840.850.150.830.520.850.550.870.840.670.440.280.7-0.54-0.370.70.680.750.68
0.950.550.830.920.90.70.80.940.050.950.570.950.760.930.840.530.730.620.75-0.6-0.450.940.860.890.89
0.70.450.840.760.770.540.840.7-0.430.670.260.620.160.550.670.530.01-0.030.75-0.59-0.560.490.610.680.44
0.620.290.350.490.470.360.290.620.470.670.490.730.790.690.440.730.010.810.33-0.360.00.770.60.610.82
0.440.130.250.30.280.190.20.470.250.50.170.570.680.550.280.62-0.030.810.13-0.2-0.310.610.510.410.66
0.850.570.870.90.920.850.830.81-0.360.850.60.780.450.640.70.750.750.330.13-0.71-0.420.830.820.930.76
-0.72-0.81-0.75-0.7-0.72-0.68-0.62-0.550.29-0.72-0.7-0.71-0.38-0.51-0.54-0.6-0.59-0.36-0.2-0.710.56-0.62-0.88-0.77-0.7
-0.43-0.52-0.55-0.45-0.44-0.39-0.54-0.350.58-0.41-0.14-0.41-0.18-0.35-0.37-0.45-0.560.0-0.31-0.420.56-0.35-0.56-0.4-0.3
0.920.530.780.860.870.720.740.91-0.020.950.620.930.730.820.70.940.490.770.610.83-0.62-0.350.890.950.96
0.910.710.870.870.880.750.760.82-0.220.930.710.910.620.740.680.860.610.60.510.82-0.88-0.560.890.940.91
0.950.630.90.930.950.790.830.91-0.170.970.690.940.610.780.750.890.680.610.410.93-0.77-0.40.950.940.92
0.890.540.740.820.820.670.690.860.040.930.620.930.730.80.680.890.440.820.660.76-0.7-0.30.960.910.92
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Zhejiang Longsheng Account Relationship Matchups

Zhejiang Longsheng fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets51.6B56.3B65.7B65.2B67.8B71.2B
Other Current Liab2.1B5.8B7.9B2.4B4.9B5.1B
Total Current Liabilities10.8B18.3B23.1B24.2B23.9B25.1B
Total Stockholder Equity24.5B27.7B30.4B32.2B32.9B34.6B
Retained Earnings20.3B23.6B26.2B28.4B28.0B29.4B
Accounts Payable3.7B3.6B4.5B4.5B3.6B1.9B
Cash4.0B6.6B6.9B6.9B10.9B11.4B
Other Assets4.4B3.9B4.1B5.6B6.4B6.7B
Net Receivables7.1B2.3B2.4B2.3B2.0B3.0B
Inventory22.6B23.8B28.2B28.6B29.3B30.8B
Other Current Assets915.9M1.5B1.7B1.1B917.5M679.2M
Total Liab24.8B26.2B32.8B30.4B32.1B33.7B
Intangible Assets790.5M734.6M686.6M693.0M654.4M345.1M
Property Plant Equipment6.8B6.9B7.2B7.5B8.6B9.0B
Other Liab880.8M979.7M910.0M859.3M988.2M1.0B
Short Term Investments52.9M39.0M1.3B1.4B1.5B1.5B
Long Term Debt13.1B6.9B8.6B5.2B7.2B5.5B
Good Will155.1M145.1M141.8M154.9M135.1M137.6M
Net Tangible Assets23.6B26.8B29.5B31.3B36.0B23.9B
Other Stockholder Equity135.6M(211.8M)(546.6M)(94.6M)(85.1M)(80.9M)
Deferred Long Term Liab47.9M30.0M21.0M32.9M29.6M27.7M
Short Long Term Debt3.4B7.1B8.3B7.1B6.3B5.9B
Total Current Assets34.8B38.2B44.0B43.3B47.0B38.6B
Non Current Assets Total16.8B18.1B21.7B21.9B20.8B20.0B
Non Currrent Assets Other286.6M220.1M149.3M72.2M41.2M39.1M
Non Current Liabilities Total13.9B7.9B9.6B6.2B8.2B8.8B
Non Current Liabilities Other49.7M45.5M60.1M61.9M140.9M148.0M
Net Debt12.4B7.3B10.1B5.4B2.6B2.5B
Net Invested Capital41.0B41.7B47.3B44.5B46.4B46.8B
Net Working Capital23.9B19.8B20.9B19.1B23.1B23.1B

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Other Information on Investing in Zhejiang Stock

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