Zhejiang Net Interest Income vs Net Income 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 Interest Income and its Net Income 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 Interest Income vs Net Income

Net Interest Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Xiantong Net Interest Income account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zhejiang Xiantong's Net Interest Income and Net Income is 0.53. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Net Income 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 Interest Income and Net 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 Interest Income of Zhejiang Xiantong RubberPlastic are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Interest Income i.e., Zhejiang Xiantong's Net Interest Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

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.
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

Currently Active Assets on Macroaxis

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.