Zhejiang Operating Income vs Ebit 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 Operating Income and its Ebit 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.

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Xiantong Operating Income account and Ebit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhejiang Xiantong's Operating Income and Ebit is 0.75. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit 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 Operating Income and Ebit 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 Zhejiang Xiantong RubberPlastic are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., Zhejiang Xiantong's Operating Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Zhejiang Xiantong 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 Zhejiang Xiantong RubberPlastic 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.

Ebit

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 Income	160.7M	148.5M	178.5M	149.7M
Total Revenue	787.2M	936.4M	1.1B	710.8M

Operating Income Total Revenue

Zhejiang Xiantong 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	Net Tangible Assets	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding
Total Assets		-0.57	0.62	0.99	0.75	0.97	0.92	0.56	0.75	-0.73	0.87	0.88	0.15	0.5	0.96	0.92	0.91	0.99	0.87	0.96	0.98	0.97	0.86	0.05	0.77	-0.3
Other Current Liab	-0.57		-0.67	-0.51	-0.89	-0.51	-0.7	-0.05	-0.84	0.32	-0.38	-0.74	-0.5	-0.65	-0.61	-0.55	-0.75	-0.54	-0.54	-0.49	-0.48	-0.44	-0.83	0.21	-0.86	0.53
Total Current Liabilities	0.62	-0.67		0.51	0.72	0.49	0.78	0.11	0.73	-0.32	0.38	0.78	0.4	0.98	0.51	0.48	0.64	0.53	0.43	0.49	0.59	0.49	0.63	-0.1	0.78	-0.36
Total Stockholder Equity	0.99	-0.51	0.51		0.7	0.98	0.87	0.6	0.69	-0.76	0.89	0.83	0.08	0.38	0.96	0.92	0.89	0.99	0.88	0.97	0.97	0.98	0.82	0.07	0.7	-0.26
Other Liab	0.75	-0.89	0.72	0.7		0.71	0.84	0.1	0.95	-0.49	0.54	0.88	0.49	0.68	0.79	0.75	0.88	0.73	0.72	0.69	0.69	0.62	0.95	-0.04	0.96	-0.58
Retained Earnings	0.97	-0.51	0.49	0.98	0.71		0.84	0.53	0.68	-0.79	0.88	0.82	0.0	0.35	0.97	0.94	0.88	0.96	0.89	0.96	0.94	0.95	0.83	0.11	0.69	-0.22
Accounts Payable	0.92	-0.7	0.78	0.87	0.84	0.84		0.29	0.86	-0.65	0.79	0.98	0.37	0.7	0.88	0.87	0.95	0.89	0.78	0.88	0.87	0.86	0.91	0.06	0.91	-0.41
Cash	0.56	-0.05	0.11	0.6	0.1	0.53	0.29		0.11	-0.51	0.48	0.18	-0.2	-0.02	0.41	0.31	0.24	0.58	0.42	0.45	0.65	0.64	0.15	-0.26	0.05	-0.06
Other Assets	0.75	-0.84	0.73	0.69	0.95	0.68	0.86	0.11		-0.48	0.6	0.9	0.59	0.68	0.76	0.7	0.83	0.74	0.66	0.65	0.71	0.61	0.9	0.13	0.9	-0.7
Long Term Debt	-0.73	0.32	-0.32	-0.76	-0.49	-0.79	-0.65	-0.51	-0.48		-0.62	-0.63	0.23	-0.14	-0.69	-0.66	-0.65	-0.72	-0.61	-0.71	-0.71	-0.73	-0.56	-0.04	-0.48	0.11
Net Receivables	0.87	-0.38	0.38	0.89	0.54	0.88	0.79	0.48	0.6	-0.62		0.75	0.14	0.27	0.87	0.88	0.78	0.9	0.9	0.89	0.86	0.87	0.71	0.18	0.55	-0.29
Inventory	0.88	-0.74	0.78	0.83	0.88	0.82	0.98	0.18	0.9	-0.63	0.75		0.32	0.7	0.87	0.85	0.95	0.85	0.76	0.84	0.81	0.8	0.93	0.15	0.93	-0.37
Other Current Assets	0.15	-0.5	0.4	0.08	0.49	0.0	0.37	-0.2	0.59	0.23	0.14	0.32		0.48	0.17	0.17	0.29	0.19	0.15	0.08	0.18	0.03	0.38	-0.07	0.44	-0.85
Total Liab	0.5	-0.65	0.98	0.38	0.68	0.35	0.7	-0.02	0.68	-0.14	0.27	0.7	0.48		0.41	0.39	0.56	0.41	0.34	0.38	0.47	0.36	0.57	-0.13	0.75	-0.35
Intangible Assets	0.96	-0.61	0.51	0.96	0.79	0.97	0.88	0.41	0.76	-0.69	0.87	0.87	0.17	0.41		0.98	0.94	0.97	0.92	0.98	0.91	0.93	0.92	0.07	0.78	-0.3
Common Stock	0.92	-0.55	0.48	0.92	0.75	0.94	0.87	0.31	0.7	-0.66	0.88	0.85	0.17	0.39	0.98		0.94	0.93	0.92	0.98	0.86	0.89	0.9	0.06	0.77	-0.25
Property Plant Equipment	0.91	-0.75	0.64	0.89	0.88	0.88	0.95	0.24	0.83	-0.65	0.78	0.95	0.29	0.56	0.94	0.94		0.9	0.84	0.92	0.82	0.86	0.97	0.01	0.92	-0.33
Net Tangible Assets	0.99	-0.54	0.53	0.99	0.73	0.96	0.89	0.58	0.74	-0.72	0.9	0.85	0.19	0.41	0.97	0.93	0.9		0.88	0.96	0.98	0.97	0.85	0.07	0.73	-0.34
Deferred Long Term Liab	0.87	-0.54	0.43	0.88	0.72	0.89	0.78	0.42	0.66	-0.61	0.9	0.76	0.15	0.34	0.92	0.92	0.84	0.88		0.9	0.84	0.83	0.83	-0.09	0.69	-0.32
Short Long Term Debt	0.96	-0.49	0.49	0.97	0.69	0.96	0.88	0.45	0.65	-0.71	0.89	0.84	0.08	0.38	0.98	0.98	0.92	0.96	0.9		0.91	0.96	0.85	0.06	0.73	-0.16
Total Current Assets	0.98	-0.48	0.59	0.97	0.69	0.94	0.87	0.65	0.71	-0.71	0.86	0.81	0.18	0.47	0.91	0.86	0.82	0.98	0.84	0.91		0.96	0.77	0.05	0.68	-0.35
Short Term Debt	0.97	-0.44	0.49	0.98	0.62	0.95	0.86	0.64	0.61	-0.73	0.87	0.8	0.03	0.36	0.93	0.89	0.86	0.97	0.83	0.96	0.96		0.77	0.05	0.66	-0.15
Non Current Assets Total	0.86	-0.83	0.63	0.82	0.95	0.83	0.91	0.15	0.9	-0.56	0.71	0.93	0.38	0.57	0.92	0.9	0.97	0.85	0.83	0.85	0.77	0.77		0.03	0.94	-0.44
Non Currrent Assets Other	0.05	0.21	-0.1	0.07	-0.04	0.11	0.06	-0.26	0.13	-0.04	0.18	0.15	-0.07	-0.13	0.07	0.06	0.01	0.07	-0.09	0.06	0.05	0.05	0.03		-0.06	0.01
Non Current Liabilities Total	0.77	-0.86	0.78	0.7	0.96	0.69	0.91	0.05	0.9	-0.48	0.55	0.93	0.44	0.75	0.78	0.77	0.92	0.73	0.69	0.73	0.68	0.66	0.94	-0.06		-0.42
Common Stock Shares Outstanding	-0.3	0.53	-0.36	-0.26	-0.58	-0.22	-0.41	-0.06	-0.7	0.11	-0.29	-0.37	-0.85	-0.35	-0.3	-0.25	-0.33	-0.34	-0.32	-0.16	-0.35	-0.15	-0.44	0.01	-0.42

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Zhejiang Xiantong Account Relationship Matchups

Zhejiang Xiantong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.4B	1.3B	1.4B	1.1B
Other Current Liab	8.7M	7.1M	1.5M	2.4M	3.1K	3.0K
Total Current Liabilities	191.8M	195.3M	378.0M	238.4M	339.4M	251.7M
Total Stockholder Equity	996.8M	968.0M	1.0B	1.0B	1.1B	870.8M
Other Liab	8.3M	9.1M	15.1M	12.3M	14.1M	14.8M
Retained Earnings	425.0M	396.2M	443.3M	434.1M	384.5M	365.4M
Accounts Payable	150.8M	151.4M	212.2M	195.1M	277.8M	161.2M
Cash	253.3M	166.9M	149.5M	21.0M	105.7M	172.4M
Other Assets	23.9M	22.4M	42.2M	46.1M	53.0M	55.7M
Net Receivables	391.7M	224.8M	266.6M	344.8M	392.7M	308.7M
Inventory	112.0M	105.9M	168.9M	177.3M	197.5M	123.6M
Other Current Assets	3.1M	8.2M	6.8M	5.6M	25.6M	26.9M
Total Liab	200.1M	204.4M	393.7M	251.2M	357.2M	265.3M
Intangible Assets	28.6M	28.6M	29.7M	30.5M	30.0M	27.6M
Property Plant Equipment	384.4M	407.2M	427.7M	444.2M	510.8M	348.3M
Net Tangible Assets	968.2M	939.4M	985.4M	975.4M	1.1B	954.9M
Deferred Long Term Liab	9.8M	6.3M	8.0M	7.0M	8.0M	7.6M
Total Current Assets	760.1M	714.2M	909.1M	736.3M	898.8M	827.7M
Non Current Assets Total	436.9M	458.2M	499.7M	520.8M	531.2M	477.1M
Non Currrent Assets Other	4.7M	5.7M	3.3M	17.3M	5.4M	8.3M
Non Current Liabilities Total	8.3M	9.1M	15.7M	12.8M	17.9M	9.6M
Net Invested Capital	996.8M	968.0M	1.1B	1.0B	1.1B	1.1B
Net Working Capital	568.3M	518.9M	531.1M	497.9M	559.5M	446.6M

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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.

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Zhejiang Operating Income vs Ebit Analysis

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

Correlation Coefficient

Operating Income

Ebit

Zhejiang Xiantong fundamental ratios Correlations

Zhejiang Xiantong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Xiantong fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Zhejiang Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Retained Earnings	+ 0.98	Total Stockholder Equity

Other Liab	- 0.89	Other Current Liab
Non Current Liabilities Total	- 0.86	Other Current Liab
Common Stock Shares Outstanding	- 0.85	Other Current Assets
Other Assets	- 0.84	Other Current Liab
Non Current Assets Total	- 0.83	Other Current Liab
Long Term Debt	- 0.79	Retained Earnings