Zhejiang Net Income vs Cost Of Revenue Analysis

603239 Stock   14.61  0.21  1.42%   
Zhejiang Xiantong financial indicator trend analysis is more than just analyzing Zhejiang Xiantong current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Xiantong is a good investment. Please check the relationship between Zhejiang Xiantong Net Income and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Xiantong RubberPlastic. 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 vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Xiantong Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Xiantong's Net Income and Cost Of Revenue is 0.7. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Zhejiang Xiantong RubberPlastic, assuming nothing else is changed. The correlation between historical values of Zhejiang Xiantong's Net Income and Cost Of Revenue 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 of Zhejiang Xiantong RubberPlastic are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., Zhejiang Xiantong's Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Zhejiang Xiantong financial statement analysis. It represents the amount of money remaining after all of Zhejiang Xiantong RubberPlastic operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Zhejiang Xiantong income statement and represents the costs associated with goods and services Zhejiang Xiantong provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Zhejiang Xiantong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Xiantong 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 Xiantong RubberPlastic. 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 41.5 M, whereas Tax Provision is forecasted to decline to about 16.6 M.
 2021 2022 2023 2024 (projected)
Operating Income160.7M148.5M178.5M149.7M
Total Revenue787.2M936.4M1.1B710.8M

Zhejiang Xiantong fundamental ratios Correlations

-0.570.620.990.750.970.920.560.75-0.730.870.880.150.50.960.920.910.990.870.960.980.970.860.050.77-0.3
-0.57-0.67-0.51-0.89-0.51-0.7-0.05-0.840.32-0.38-0.74-0.5-0.65-0.61-0.55-0.75-0.54-0.54-0.49-0.48-0.44-0.830.21-0.860.53
0.62-0.670.510.720.490.780.110.73-0.320.380.780.40.980.510.480.640.530.430.490.590.490.63-0.10.78-0.36
0.99-0.510.510.70.980.870.60.69-0.760.890.830.080.380.960.920.890.990.880.970.970.980.820.070.7-0.26
0.75-0.890.720.70.710.840.10.95-0.490.540.880.490.680.790.750.880.730.720.690.690.620.95-0.040.96-0.58
0.97-0.510.490.980.710.840.530.68-0.790.880.820.00.350.970.940.880.960.890.960.940.950.830.110.69-0.22
0.92-0.70.780.870.840.840.290.86-0.650.790.980.370.70.880.870.950.890.780.880.870.860.910.060.91-0.41
0.56-0.050.110.60.10.530.290.11-0.510.480.18-0.2-0.020.410.310.240.580.420.450.650.640.15-0.260.05-0.06
0.75-0.840.730.690.950.680.860.11-0.480.60.90.590.680.760.70.830.740.660.650.710.610.90.130.9-0.7
-0.730.32-0.32-0.76-0.49-0.79-0.65-0.51-0.48-0.62-0.630.23-0.14-0.69-0.66-0.65-0.72-0.61-0.71-0.71-0.73-0.56-0.04-0.480.11
0.87-0.380.380.890.540.880.790.480.6-0.620.750.140.270.870.880.780.90.90.890.860.870.710.180.55-0.29
0.88-0.740.780.830.880.820.980.180.9-0.630.750.320.70.870.850.950.850.760.840.810.80.930.150.93-0.37
0.15-0.50.40.080.490.00.37-0.20.590.230.140.320.480.170.170.290.190.150.080.180.030.38-0.070.44-0.85
0.5-0.650.980.380.680.350.7-0.020.68-0.140.270.70.480.410.390.560.410.340.380.470.360.57-0.130.75-0.35
0.96-0.610.510.960.790.970.880.410.76-0.690.870.870.170.410.980.940.970.920.980.910.930.920.070.78-0.3
0.92-0.550.480.920.750.940.870.310.7-0.660.880.850.170.390.980.940.930.920.980.860.890.90.060.77-0.25
0.91-0.750.640.890.880.880.950.240.83-0.650.780.950.290.560.940.940.90.840.920.820.860.970.010.92-0.33
0.99-0.540.530.990.730.960.890.580.74-0.720.90.850.190.410.970.930.90.880.960.980.970.850.070.73-0.34
0.87-0.540.430.880.720.890.780.420.66-0.610.90.760.150.340.920.920.840.880.90.840.830.83-0.090.69-0.32
0.96-0.490.490.970.690.960.880.450.65-0.710.890.840.080.380.980.980.920.960.90.910.960.850.060.73-0.16
0.98-0.480.590.970.690.940.870.650.71-0.710.860.810.180.470.910.860.820.980.840.910.960.770.050.68-0.35
0.97-0.440.490.980.620.950.860.640.61-0.730.870.80.030.360.930.890.860.970.830.960.960.770.050.66-0.15
0.86-0.830.630.820.950.830.910.150.9-0.560.710.930.380.570.920.90.970.850.830.850.770.770.030.94-0.44
0.050.21-0.10.07-0.040.110.06-0.260.13-0.040.180.15-0.07-0.130.070.060.010.07-0.090.060.050.050.03-0.060.01
0.77-0.860.780.70.960.690.910.050.9-0.480.550.930.440.750.780.770.920.730.690.730.680.660.94-0.06-0.42
-0.30.53-0.36-0.26-0.58-0.22-0.41-0.06-0.70.11-0.29-0.37-0.85-0.35-0.3-0.25-0.33-0.34-0.32-0.16-0.35-0.15-0.440.01-0.42
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Zhejiang Xiantong Account Relationship Matchups

Zhejiang Xiantong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.2B1.4B1.3B1.4B1.1B
Other Current Liab8.7M7.1M1.5M2.4M3.1K3.0K
Total Current Liabilities191.8M195.3M378.0M238.4M339.4M251.7M
Total Stockholder Equity996.8M968.0M1.0B1.0B1.1B870.8M
Other Liab8.3M9.1M15.1M12.3M14.1M14.8M
Retained Earnings425.0M396.2M443.3M434.1M384.5M365.4M
Accounts Payable150.8M151.4M212.2M195.1M277.8M161.2M
Cash253.3M166.9M149.5M21.0M105.7M172.4M
Other Assets23.9M22.4M42.2M46.1M53.0M55.7M
Net Receivables391.7M224.8M266.6M344.8M392.7M308.7M
Inventory112.0M105.9M168.9M177.3M197.5M123.6M
Other Current Assets3.1M8.2M6.8M5.6M25.6M26.9M
Total Liab200.1M204.4M393.7M251.2M357.2M265.3M
Intangible Assets28.6M28.6M29.7M30.5M30.0M27.6M
Property Plant Equipment384.4M407.2M427.7M444.2M510.8M348.3M
Net Tangible Assets968.2M939.4M985.4M975.4M1.1B954.9M
Deferred Long Term Liab9.8M6.3M8.0M7.0M8.0M7.6M
Total Current Assets760.1M714.2M909.1M736.3M898.8M827.7M
Non Current Assets Total436.9M458.2M499.7M520.8M531.2M477.1M
Non Currrent Assets Other4.7M5.7M3.3M17.3M5.4M8.3M
Non Current Liabilities Total8.3M9.1M15.7M12.8M17.9M9.6M
Net Invested Capital996.8M968.0M1.1B1.0B1.1B1.1B
Net Working Capital568.3M518.9M531.1M497.9M559.5M446.6M

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Other Information on Investing in Zhejiang Stock

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