Harbin Income Before Tax vs Discontinued Operations Analysis

600864 Stock   6.57  0.14  2.18%   
Harbin Hatou financial indicator trend analysis is much more than just examining Harbin Hatou Investment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harbin Hatou Investment is a good investment. Please check the relationship between Harbin Hatou Income Before Tax and its Discontinued Operations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Hatou Investment. 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 Discontinued Operations

Income Before Tax vs Discontinued Operations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harbin Hatou Investment Income Before Tax account and Discontinued Operations. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Harbin Hatou's Income Before Tax and Discontinued Operations is -0.04. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Discontinued Operations in the same time period over historical financial statements of Harbin Hatou Investment, assuming nothing else is changed. The correlation between historical values of Harbin Hatou's Income Before Tax and Discontinued Operations 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 Harbin Hatou Investment are associated (or correlated) with its Discontinued Operations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Discontinued Operations has no effect on the direction of Income Before Tax i.e., Harbin Hatou's Income Before Tax and Discontinued Operations go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Before Tax

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

Discontinued Operations

Most indicators from Harbin Hatou's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harbin Hatou Investment 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 Harbin Hatou Investment. 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.
At present, Harbin Hatou's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 56.5 M, whereas Discontinued Operations is forecasted to decline to (188.2 K).
 2024 2025 (projected)
Minority Interest77.0M73.2M
Income Tax Expense47.7M81.3M

Harbin Hatou fundamental ratios Correlations

-0.080.980.960.590.490.86-0.360.810.440.680.930.990.910.940.860.580.840.91-0.8-0.840.870.920.570.86-0.54
-0.08-0.170.010.67-0.37-0.030.030.080.47-0.30.01-0.13-0.36-0.05-0.190.35-0.330.010.280.23-0.120.02-0.72-0.28-0.03
0.98-0.170.920.520.520.87-0.350.730.420.670.920.990.910.890.840.510.810.86-0.77-0.810.840.880.620.86-0.5
0.960.010.920.650.440.83-0.350.770.390.710.910.930.890.980.870.50.820.97-0.82-0.830.860.920.530.79-0.63
0.590.670.520.650.030.63-0.370.480.630.190.660.540.350.540.430.530.270.59-0.27-0.290.410.55-0.180.31-0.39
0.49-0.370.520.440.030.380.240.26-0.160.610.340.510.620.450.720.020.580.31-0.49-0.430.420.340.680.58-0.08
0.86-0.030.870.830.630.38-0.380.50.30.60.910.830.840.740.80.290.670.72-0.68-0.610.650.650.490.61-0.42
-0.360.03-0.35-0.35-0.370.24-0.38-0.25-0.450.12-0.43-0.34-0.28-0.24-0.05-0.29-0.14-0.340.10.16-0.2-0.320.06-0.170.36
0.810.080.730.770.480.260.5-0.250.480.490.670.820.650.80.610.820.730.79-0.65-0.770.80.850.320.75-0.36
0.440.470.420.390.63-0.160.3-0.450.48-0.280.520.440.10.320.010.76-0.020.380.14-0.180.210.48-0.380.21-0.47
0.68-0.30.670.710.190.610.60.120.49-0.280.50.670.820.760.90.090.810.67-0.92-0.820.750.580.850.67-0.19
0.930.010.920.910.660.340.91-0.430.670.520.50.90.820.850.740.440.740.86-0.65-0.660.690.80.390.74-0.56
0.99-0.130.990.930.540.510.83-0.340.820.440.670.90.910.920.840.60.840.89-0.79-0.850.880.910.590.88-0.5
0.91-0.360.910.890.350.620.84-0.280.650.10.820.820.910.880.930.310.870.81-0.87-0.850.810.770.820.81-0.45
0.94-0.050.890.980.540.450.74-0.240.80.320.760.850.920.880.870.490.850.98-0.85-0.880.880.930.590.82-0.62
0.86-0.190.840.870.430.720.8-0.050.610.010.90.740.840.930.870.270.850.79-0.89-0.80.810.740.770.75-0.41
0.580.350.510.50.530.020.29-0.290.820.760.090.440.60.310.490.270.260.5-0.22-0.520.560.67-0.060.43-0.32
0.84-0.330.810.820.270.580.67-0.140.73-0.020.810.740.840.870.850.850.260.82-0.92-0.780.830.760.740.91-0.26
0.910.010.860.970.590.310.72-0.340.790.380.670.860.890.810.980.790.50.82-0.81-0.820.870.940.480.8-0.65
-0.80.28-0.77-0.82-0.27-0.49-0.680.1-0.650.14-0.92-0.65-0.79-0.87-0.85-0.89-0.22-0.92-0.810.86-0.89-0.76-0.79-0.790.29
-0.840.23-0.81-0.83-0.29-0.43-0.610.16-0.77-0.18-0.82-0.66-0.85-0.85-0.88-0.8-0.52-0.78-0.820.86-0.88-0.82-0.7-0.80.35
0.87-0.120.840.860.410.420.65-0.20.80.210.750.690.880.810.880.810.560.830.87-0.89-0.880.930.630.86-0.41
0.920.020.880.920.550.340.65-0.320.850.480.580.80.910.770.930.740.670.760.94-0.76-0.820.930.460.82-0.64
0.57-0.720.620.53-0.180.680.490.060.32-0.380.850.390.590.820.590.77-0.060.740.48-0.79-0.70.630.460.64-0.21
0.86-0.280.860.790.310.580.61-0.170.750.210.670.740.880.810.820.750.430.910.8-0.79-0.80.860.820.64-0.22
-0.54-0.03-0.5-0.63-0.39-0.08-0.420.36-0.36-0.47-0.19-0.56-0.5-0.45-0.62-0.41-0.32-0.26-0.650.290.35-0.41-0.64-0.21-0.22
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Harbin Hatou Account Relationship Matchups

Harbin Hatou fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets34.1B37.1B34.3B39.4B45.3B47.6B
Other Current Liab979.8M786.0M786.9M1.9M2.1M2.0M
Total Current Liabilities13.6B19.1B17.8B21.2B24.4B25.6B
Total Stockholder Equity13.6B13.3B11.9B12.4B14.3B15.0B
Retained Earnings2.6B2.8B1.8B1.2B1.3B1.3B
Accounts Payable371.9M419.7M488.1M637.9M733.6M770.3M
Cash7.3B6.9B6.9B6.4B7.4B7.8B
Other Assets470.0M656.7M721.6M1.0B904.5M712.5M
Long Term Debt6.1B3.2B3.2B4.3B4.9B5.2B
Net Receivables216.9M416.3M573.6M616.4M708.9M673.5M
Inventory246.9M368.9M339.0M296.6M341.1M358.1M
Other Current Assets2.3B1.7B1.5B2.0B2.3B2.4B
Total Liab20.4B23.7B22.3B27.0B31.1B32.6B
Intangible Assets236.8M275.0M273.7M353.4M406.4M426.7M
Property Plant Equipment2.5B3.0B3.2B3.2B3.7B3.9B
Other Liab5.1B981.4M1.3B1.3B1.6B1.0B
Short Term Investments19.7B14.0B9.9B17.4B20.0B21.0B
Net Tangible Assets13.1B13.5B13.0B11.7B13.4B13.2B
Other Stockholder Equity1.2B1.3B855.5M583.6M525.2M885.0M
Deferred Long Term Liab52.6M47.3M63.1M69.7M80.1M59.2M
Short Long Term Debt1.6B7.2B7.2B12.0B13.8B14.5B
Total Current Assets28.2B29.3B25.8B32.3B37.1B30.1B
Non Current Assets Total6.1B7.8B8.5B7.1B6.4B7.3B
Non Currrent Assets Other138.7M162.4M140.4M158.5M182.3M191.4M
Non Current Liabilities Total7.2B4.6B4.5B5.8B5.2B4.7B
Non Current Liabilities Other(2.3B)378.3M405.7M426.5M490.5M515.0M
Net Debt410.0M3.6B3.4B9.8B11.3B11.9B
Net Invested Capital21.3B23.7B22.3B28.7B33.0B23.2B
Net Working Capital14.7B10.2B8.0B11.1B12.7B11.6B
Property Plant And Equipment Net2.4B3.2B3.2B3.5B4.0B3.2B
Property Plant And Equipment Gross4.3B5.8B3.2B6.4B7.3B5.3B

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Other Information on Investing in Harbin Stock

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