Liaoning Income Before Tax vs Gross Profit Analysis

603255 Stock

33.21 0.11 0.33%

Liaoning Dingjide financial indicator trend analysis is infinitely more than just investigating Liaoning Dingjide recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Dingjide is a good investment. Please check the relationship between Liaoning Dingjide Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Dingjide Petrochemical. 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 Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Dingjide Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Liaoning Dingjide's Income Before Tax and Gross Profit is 0.76. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Liaoning Dingjide Petrochemical, assuming nothing else is changed. The correlation between historical values of Liaoning Dingjide's Income Before Tax and Gross Profit 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 Liaoning Dingjide Petrochemical are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Liaoning Dingjide's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Income Before Tax

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Liaoning Dingjide Petrochemical minus its cost of goods sold. It is profit before Liaoning Dingjide operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Liaoning Dingjide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Dingjide 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 Liaoning Dingjide Petrochemical. 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 Tax Provision is expected to grow to about 10.7 M, whereas Selling General Administrative is forecasted to decline to about 36.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	7.3M	8.4M	6.2M	7.4M
Interest Income	116.0K	3.9M	8.1M	8.5M

Interest Expense Interest Income

Liaoning Dingjide fundamental ratios Correlations

	Net Debt	Long Term Debt	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets
Net Debt		-0.88	0.81	0.29	0.75	0.78	0.85	0.83	0.73	0.77	0.85	0.72	0.23	0.76	-0.8	0.81	-0.25	0.25	0.81	0.85	0.75	0.79	0.76	0.7	0.73
Long Term Debt	-0.88		-0.86	-0.67	-0.7	-0.85	-0.93	-0.93	-0.93	-0.81	-0.86	-0.55	-0.24	-0.79	0.91	-0.93	0.35	-0.06	-0.85	-0.92	-0.66	-0.85	-0.79	-0.79	-0.77
Total Assets	0.81	-0.86		0.4	0.69	0.99	0.97	0.98	0.86	0.99	0.98	0.77	0.53	0.98	-0.98	0.98	-0.54	-0.01	1.0	0.98	0.73	1.0	0.98	0.96	0.96
Other Current Liab	0.29	-0.67	0.4		0.06	0.44	0.47	0.53	0.72	0.36	0.3	-0.18	0.17	0.36	-0.54	0.56	-0.42	-0.44	0.38	0.44	-0.02	0.44	0.36	0.48	0.38
Total Current Liabilities	0.75	-0.7	0.69	0.06		0.6	0.77	0.71	0.56	0.62	0.82	0.79	-0.19	0.55	-0.63	0.66	0.21	0.71	0.68	0.78	0.98	0.62	0.55	0.45	0.49
Total Stockholder Equity	0.78	-0.85	0.99	0.44	0.6		0.95	0.97	0.87	0.99	0.95	0.71	0.61	0.99	-0.99	0.98	-0.63	-0.13	0.99	0.96	0.65	1.0	0.99	0.98	0.98
Property Plant And Equipment Net	0.85	-0.93	0.97	0.47	0.77	0.95		0.99	0.93	0.93	0.98	0.77	0.39	0.93	-0.98	0.98	-0.44	0.12	0.96	1.0	0.77	0.95	0.93	0.89	0.9
Retained Earnings	0.83	-0.93	0.98	0.53	0.71	0.97	0.99		0.94	0.95	0.96	0.71	0.44	0.94	-0.99	1.0	-0.5	0.02	0.97	0.99	0.72	0.97	0.94	0.93	0.92
Accounts Payable	0.73	-0.93	0.86	0.72	0.56	0.87	0.93	0.94		0.81	0.82	0.55	0.43	0.85	-0.93	0.95	-0.57	-0.12	0.84	0.9	0.5	0.87	0.85	0.85	0.83
Cash	0.77	-0.81	0.99	0.36	0.62	0.99	0.93	0.95	0.81		0.95	0.73	0.6	0.98	-0.96	0.95	-0.59	-0.09	0.99	0.95	0.69	0.99	0.98	0.97	0.97
Non Current Assets Total	0.85	-0.86	0.98	0.3	0.82	0.95	0.98	0.96	0.82	0.95		0.84	0.39	0.93	-0.95	0.95	-0.38	0.19	0.98	0.99	0.85	0.96	0.93	0.88	0.9
Non Currrent Assets Other	0.72	-0.55	0.77	-0.18	0.79	0.71	0.77	0.71	0.55	0.73	0.84		0.33	0.76	-0.69	0.69	-0.22	0.44	0.77	0.78	0.82	0.72	0.76	0.62	0.72
Net Receivables	0.23	-0.24	0.53	0.17	-0.19	0.61	0.39	0.44	0.43	0.6	0.39	0.33		0.69	-0.54	0.5	-0.96	-0.69	0.54	0.4	-0.09	0.6	0.69	0.73	0.74
Common Stock Shares Outstanding	0.76	-0.79	0.98	0.36	0.55	0.99	0.93	0.94	0.85	0.98	0.93	0.76	0.69		-0.97	0.95	-0.69	-0.15	0.98	0.94	0.61	0.99	1.0	0.98	1.0
Non Current Liabilities Total	-0.8	0.91	-0.98	-0.54	-0.63	-0.99	-0.98	-0.99	-0.93	-0.96	-0.95	-0.69	-0.54	-0.97		-1.0	0.59	0.09	-0.98	-0.98	-0.65	-0.99	-0.97	-0.96	-0.96
Inventory	0.81	-0.93	0.98	0.56	0.66	0.98	0.98	1.0	0.95	0.95	0.95	0.69	0.5	0.95	-1.0		-0.57	-0.06	0.97	0.98	0.67	0.98	0.95	0.95	0.94
Other Current Assets	-0.25	0.35	-0.54	-0.42	0.21	-0.63	-0.44	-0.5	-0.57	-0.59	-0.38	-0.22	-0.96	-0.69	0.59	-0.57		0.77	-0.54	-0.44	0.15	-0.61	-0.69	-0.75	-0.74
Total Liab	0.25	-0.06	-0.01	-0.44	0.71	-0.13	0.12	0.02	-0.12	-0.09	0.19	0.44	-0.69	-0.15	0.09	-0.06	0.77		-0.01	0.11	0.65	-0.11	-0.15	-0.3	-0.22
Net Invested Capital	0.81	-0.85	1.0	0.38	0.68	0.99	0.96	0.97	0.84	0.99	0.98	0.77	0.54	0.98	-0.98	0.97	-0.54	-0.01		0.98	0.73	0.99	0.98	0.96	0.97
Property Plant And Equipment Gross	0.85	-0.92	0.98	0.44	0.78	0.96	1.0	0.99	0.9	0.95	0.99	0.78	0.4	0.94	-0.98	0.98	-0.44	0.11	0.98		0.79	0.97	0.94	0.9	0.91
Short Long Term Debt	0.75	-0.66	0.73	-0.02	0.98	0.65	0.77	0.72	0.5	0.69	0.85	0.82	-0.09	0.61	-0.65	0.67	0.15	0.65	0.73	0.79		0.67	0.61	0.51	0.55
Total Current Assets	0.79	-0.85	1.0	0.44	0.62	1.0	0.95	0.97	0.87	0.99	0.96	0.72	0.6	0.99	-0.99	0.98	-0.61	-0.11	0.99	0.97	0.67		0.99	0.98	0.98
Capital Stock	0.76	-0.79	0.98	0.36	0.55	0.99	0.93	0.94	0.85	0.98	0.93	0.76	0.69	1.0	-0.97	0.95	-0.69	-0.15	0.98	0.94	0.61	0.99		0.98	1.0
Net Working Capital	0.7	-0.79	0.96	0.48	0.45	0.98	0.89	0.93	0.85	0.97	0.88	0.62	0.73	0.98	-0.96	0.95	-0.75	-0.3	0.96	0.9	0.51	0.98	0.98		0.99
Intangible Assets	0.73	-0.77	0.96	0.38	0.49	0.98	0.9	0.92	0.83	0.97	0.9	0.72	0.74	1.0	-0.96	0.94	-0.74	-0.22	0.97	0.91	0.55	0.98	1.0	0.99

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Liaoning Dingjide Account Relationship Matchups

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C	Citigroup
GM	General Motors
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GM	General Motors
V	Visa Class A

Other Information on Investing in Liaoning Stock

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

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Liaoning Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

Liaoning Dingjide fundamental ratios Correlations

Liaoning Dingjide Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Liaoning Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Retained Earnings
Capital Stock	+ 1.0	Common Stock Shares Outstanding

Inventory	- 1.0	Non Current Liabilities Total
Total Current Assets	- 0.99	Non Current Liabilities Total
Non Current Liabilities Total	- 0.99	Retained Earnings
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.98	Non Current Liabilities Total
Net Invested Capital	- 0.98	Non Current Liabilities Total