Zhejiang Total Revenue 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 Total Revenue 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.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

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

The correlation between Zhejiang Xiantong's Total Revenue and Net Income is 0.8. Overlapping area represents the amount of variation of Total Revenue 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 Total Revenue 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 Total Revenue 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 Total Revenue i.e., Zhejiang Xiantong's Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

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Total Revenue

Total revenue comprises all receipts Zhejiang Xiantong generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 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 Total Revenue vs Net Income Analysis

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Total Revenue

Net Income

Zhejiang Xiantong fundamental ratios Correlations

Zhejiang Xiantong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Xiantong fundamental ratios Accounts

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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