Chengdu Operating Income vs Total Operating Expenses Analysis

600353 Stock

6.70 0.06 0.89%

Chengdu Xuguang financial indicator trend analysis is way more than just evaluating Chengdu Xuguang Elec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu Xuguang Elec is a good investment. Please check the relationship between Chengdu Xuguang Operating Income and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu Xuguang Electronics. 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.

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chengdu Xuguang Elec Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Chengdu Xuguang's Operating Income and Total Operating Expenses is 0.85. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Chengdu Xuguang Electronics, assuming nothing else is changed. The correlation between historical values of Chengdu Xuguang's Operating Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Chengdu Xuguang Electronics are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Chengdu Xuguang's Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Operating Income

Operating Income is the amount of profit realized from Chengdu Xuguang Elec 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 Chengdu Xuguang Electronics 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Chengdu Xuguang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu Xuguang Elec 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 Chengdu Xuguang Electronics. 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 49.9 M, whereas Tax Provision is forecasted to decline to about 11.6 M.

	2022	2023	2024	2025 (projected)
Operating Income	120.4M	169.9M	195.4M	205.2M
Total Revenue	1.1B	1.3B	1.5B	1.6B

Operating Income Total Revenue

Chengdu Xuguang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets
Total Assets		0.39	0.98	0.98	0.96	0.92	0.93	0.17	0.96	0.74	0.9	0.96	-0.05	0.97	0.96	0.86	0.98	0.89	0.1	0.81	0.56	0.83	0.86	0.91	0.94	0.81
Other Current Liab	0.39		0.4	0.39	0.46	0.44	0.19	0.28	0.47	0.35	0.27	0.32	0.33	0.39	0.31	0.29	0.43	0.44	-0.2	0.49	0.44	0.44	0.08	0.35	0.33	0.45
Total Current Liabilities	0.98	0.4		0.93	0.95	0.91	0.94	0.13	0.96	0.73	0.91	0.96	-0.14	0.99	0.97	0.83	0.97	0.88	0.16	0.81	0.65	0.84	0.85	0.91	0.97	0.83
Total Stockholder Equity	0.98	0.39	0.93		0.92	0.91	0.89	0.23	0.92	0.7	0.86	0.92	0.05	0.92	0.91	0.85	0.96	0.87	0.05	0.77	0.48	0.79	0.83	0.87	0.88	0.76
Other Liab	0.96	0.46	0.95	0.92		0.89	0.83	-0.02	0.97	0.88	0.77	0.92	-0.03	0.96	0.94	0.77	0.95	0.97	0.0	0.85	0.52	0.89	0.86	0.93	0.92	0.81
Retained Earnings	0.92	0.44	0.91	0.91	0.89		0.9	0.25	0.95	0.7	0.89	0.83	-0.16	0.86	0.89	0.93	0.86	0.79	0.14	0.68	0.56	0.73	0.67	0.73	0.79	0.64
Accounts Payable	0.93	0.19	0.94	0.89	0.83	0.9		0.3	0.88	0.56	0.96	0.9	-0.28	0.9	0.91	0.91	0.88	0.71	0.38	0.66	0.6	0.7	0.75	0.77	0.86	0.69
Cash	0.17	0.28	0.13	0.23	-0.02	0.25	0.3		0.07	-0.35	0.34	0.08	0.18	0.05	0.0	0.45	0.15	-0.16	0.49	-0.03	0.15	-0.09	-0.23	-0.1	-0.03	0.01
Other Assets	0.96	0.47	0.96	0.92	0.97	0.95	0.88	0.07		0.82	0.85	0.92	-0.13	0.94	0.93	0.86	0.93	0.91	0.06	0.78	0.63	0.84	0.79	0.85	0.9	0.75
Long Term Debt	0.74	0.35	0.73	0.7	0.88	0.7	0.56	-0.35	0.82		0.45	0.67	-0.06	0.77	0.78	0.53	0.72	0.94	-0.23	0.74	0.24	0.8	0.79	0.8	0.73	0.63
Net Receivables	0.9	0.27	0.91	0.86	0.77	0.89	0.96	0.34	0.85	0.45		0.88	-0.26	0.86	0.87	0.88	0.85	0.63	0.28	0.61	0.69	0.63	0.68	0.71	0.84	0.68
Inventory	0.96	0.32	0.96	0.92	0.92	0.83	0.9	0.08	0.92	0.67	0.88		-0.16	0.96	0.93	0.79	0.96	0.85	0.1	0.78	0.64	0.8	0.87	0.91	0.95	0.81
Other Current Assets	-0.05	0.33	-0.14	0.05	-0.03	-0.16	-0.28	0.18	-0.13	-0.06	-0.26	-0.16		-0.1	-0.26	-0.24	0.04	0.03	-0.21	0.04	-0.13	-0.01	-0.09	0.02	-0.09	0.03
Total Liab	0.97	0.39	0.99	0.92	0.96	0.86	0.9	0.05	0.94	0.77	0.86	0.96	-0.1		0.97	0.77	0.98	0.91	0.11	0.85	0.61	0.86	0.9	0.96	0.98	0.86
Intangible Assets	0.96	0.31	0.97	0.91	0.94	0.89	0.91	0.0	0.93	0.78	0.87	0.93	-0.26	0.97		0.79	0.93	0.89	0.07	0.8	0.53	0.83	0.89	0.91	0.94	0.8
Common Stock	0.86	0.29	0.83	0.85	0.77	0.93	0.91	0.45	0.86	0.53	0.88	0.79	-0.24	0.77	0.79		0.77	0.64	0.27	0.55	0.51	0.6	0.57	0.6	0.69	0.53
Property Plant Equipment	0.98	0.43	0.97	0.96	0.95	0.86	0.88	0.15	0.93	0.72	0.85	0.96	0.04	0.98	0.93	0.77		0.9	0.13	0.83	0.58	0.85	0.87	0.94	0.96	0.85
Good Will	0.89	0.44	0.88	0.87	0.97	0.79	0.71	-0.16	0.91	0.94	0.63	0.85	0.03	0.91	0.89	0.64	0.9		-0.13	0.85	0.37	0.89	0.88	0.94	0.88	0.8
Short Term Investments	0.1	-0.2	0.16	0.05	0.0	0.14	0.38	0.49	0.06	-0.23	0.28	0.1	-0.21	0.11	0.07	0.27	0.13	-0.13		-0.02	0.24	0.01	-0.07	-0.02	0.09	0.03
Net Tangible Assets	0.81	0.49	0.81	0.77	0.85	0.68	0.66	-0.03	0.78	0.74	0.61	0.78	0.04	0.85	0.8	0.55	0.83	0.85	-0.02		0.49	0.98	0.77	0.87	0.82	0.97
Deferred Long Term Liab	0.56	0.44	0.65	0.48	0.52	0.56	0.6	0.15	0.63	0.24	0.69	0.64	-0.13	0.61	0.53	0.51	0.58	0.37	0.24	0.49		0.51	0.35	0.46	0.64	0.58
Non Current Assets Total	0.83	0.44	0.84	0.79	0.89	0.73	0.7	-0.09	0.84	0.8	0.63	0.8	-0.01	0.86	0.83	0.6	0.85	0.89	0.01	0.98	0.51		0.8	0.87	0.84	0.94
Non Currrent Assets Other	0.86	0.08	0.85	0.83	0.86	0.67	0.75	-0.23	0.79	0.79	0.68	0.87	-0.09	0.9	0.89	0.57	0.87	0.88	-0.07	0.77	0.35	0.8		0.95	0.91	0.78
Non Current Liabilities Total	0.91	0.35	0.91	0.87	0.93	0.73	0.77	-0.1	0.85	0.8	0.71	0.91	0.02	0.96	0.91	0.6	0.94	0.94	-0.02	0.87	0.46	0.87	0.95		0.95	0.88
Short Long Term Debt	0.94	0.33	0.97	0.88	0.92	0.79	0.86	-0.03	0.9	0.73	0.84	0.95	-0.09	0.98	0.94	0.69	0.96	0.88	0.09	0.82	0.64	0.84	0.91	0.95		0.87
Total Current Assets	0.81	0.45	0.83	0.76	0.81	0.64	0.69	0.01	0.75	0.63	0.68	0.81	0.03	0.86	0.8	0.53	0.85	0.8	0.03	0.97	0.58	0.94	0.78	0.88	0.87

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Chengdu Xuguang Account Relationship Matchups

Chengdu Xuguang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.6B	1.8B	2.8B	3.0B	3.4B	3.6B
Other Current Liab	60.2M	91.9M	291.4M	70.5M	81.1M	70.9M
Total Current Liabilities	370.5M	452.9M	791.0M	881.6M	1.0B	1.1B
Total Stockholder Equity	1.1B	1.2B	1.7B	1.7B	2.0B	2.1B
Other Liab	15.8M	20.0M	29.8M	43.4M	49.9M	52.4M
Retained Earnings	514.1M	555.7M	655.8M	613.8M	705.8M	741.1M
Accounts Payable	239.3M	255.1M	343.5M	460.4M	529.5M	555.9M
Cash	232.9M	198.0M	433.3M	220.1M	253.2M	258.3M
Other Assets	44.9M	44.0M	51.2M	67.1M	77.2M	81.0M
Net Receivables	407.0M	475.6M	646.4M	814.8M	937.0M	983.9M
Inventory	173.1M	220.3M	308.7M	373.2M	429.1M	450.6M
Other Current Assets	5.1M	19.0M	43.3M	11.2M	12.9M	15.4M
Total Liab	390.5M	485.5M	995.2M	1.1B	1.3B	1.4B
Intangible Assets	33.5M	47.0M	64.4M	88.6M	101.9M	107.0M
Property Plant Equipment	321.4M	253.7M	306.4M	539.4M	620.3M	651.4M
Net Tangible Assets	1.1B	1.1B	1.1B	1.5B	1.7B	1.2B
Deferred Long Term Liab	21.4M	24.5M	5.2M	15.1M	17.3M	12.7M
Non Current Assets Total	471.7M	586.3M	879.3M	1.0B	1.2B	620.9M
Non Currrent Assets Other	19.0M	15.1M	20.9M	72.2M	83.0M	87.2M
Non Current Liabilities Total	20.0M	32.6M	204.2M	261.9M	301.2M	316.2M
Short Long Term Debt	14M	32.6M	77.5M	116.1M	133.6M	140.2M
Total Current Assets	1.1B	1.3B	1.9B	2.0B	2.3B	1.6B
Net Invested Capital	1.2B	1.2B	1.9B	2.0B	2.3B	1.5B
Net Working Capital	774.9M	808.6M	1.1B	1.1B	1.3B	987.0M
Property Plant And Equipment Net	253.7M	306.4M	539.4M	613.3M	705.3M	447.5M
Property Plant And Equipment Gross	468.8M	543.0M	539.4M	909.2M	1.0B	658.5M

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Other Information on Investing in Chengdu Stock

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

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Chengdu Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

Chengdu Xuguang fundamental ratios Correlations

Chengdu Xuguang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chengdu Xuguang fundamental ratios Accounts

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Other Information on Investing in Chengdu Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Total Current Liabilities	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Total Liab
Short Long Term Debt	+ 0.98	Total Liab

Long Term Debt	- 0.35	Cash
Other Current Assets	- 0.28	Accounts Payable
Intangible Assets	- 0.26	Other Current Assets
Other Current Assets	- 0.26	Net Receivables
Common Stock	- 0.24	Other Current Assets
Short Term Investments	- 0.23	Long Term Debt