600429 Stock | | | 4.69 0.09 1.96% |
Beijing Sanyuan financial indicator trend analysis is way more than just evaluating Beijing Sanyuan Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Sanyuan Foods is a good investment. Please check the relationship between Beijing Sanyuan 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 Beijing Sanyuan Foods. 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
Beijing Sanyuan Foods Income Before Tax account and
Operating Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Beijing Sanyuan's Income Before Tax and Operating Income is 0.28. 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 Beijing Sanyuan Foods, assuming nothing else is changed. The correlation between historical values of Beijing Sanyuan'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 Beijing Sanyuan Foods 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., Beijing Sanyuan's Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Beijing Sanyuan income statement and is an important metric when analyzing Beijing Sanyuan Foods 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 Beijing Sanyuan Foods 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 Beijing Sanyuan Foods 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 Beijing Sanyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Sanyuan Foods 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 Beijing Sanyuan Foods. 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 11, 2024,
Selling General Administrative is expected to decline to about 1.1
B. In addition to that,
Tax Provision is expected to decline to about 13.9
M | 2021 | 2022 | 2023 | 2024 (projected) |
Income Before Tax | 263.5M | 45.8M | 234.6M | 246.3M | Cost Of Revenue | 5.8B | 6.0B | 6.0B | 3.3B |
Beijing Sanyuan fundamental ratios Correlations
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Beijing Sanyuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Sanyuan fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Sanyuan Foods at a specified time, usually calculated after every quarter, six months, or one year. Beijing Sanyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Sanyuan 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.