Jiangsu Research Development vs Net Income Analysis

603688 Stock   26.89  0.33  1.21%   
Jiangsu Pacific financial indicator trend analysis is infinitely more than just investigating Jiangsu Pacific Quartz recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Pacific Quartz is a good investment. Please check the relationship between Jiangsu Pacific Research Development and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Pacific Quartz. 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.

Research Development vs Net Income

Research Development vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Pacific Quartz Research Development account and Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Jiangsu Pacific's Research Development and Net Income is 0.99. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Net Income in the same time period over historical financial statements of Jiangsu Pacific Quartz, assuming nothing else is changed. The correlation between historical values of Jiangsu Pacific's Research Development 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 Research Development of Jiangsu Pacific Quartz 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 Research Development i.e., Jiangsu Pacific's Research Development and Net Income go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Research Development

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Jiangsu Pacific Quartz financial statement analysis. It represents the amount of money remaining after all of Jiangsu Pacific Quartz operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Jiangsu Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Pacific Quartz 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 Jiangsu Pacific Quartz. 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 1.1 B, whereas Selling General Administrative is forecasted to decline to about 35 M.
 2022 2023 2024 2025 (projected)
Operating Income1.2B5.9B6.8B7.1B
Total Revenue2.0B7.2B8.3B8.7B

Jiangsu Pacific fundamental ratios Correlations

0.150.991.01.01.00.980.890.980.990.990.980.970.580.9-0.010.680.770.940.51-0.781.0-0.780.990.370.14
0.150.20.150.140.140.020.420.070.230.10.180.260.310.4-0.070.450.510.140.330.00.110.00.250.95-0.04
0.990.20.991.00.990.980.90.970.980.990.970.960.520.87-0.060.670.770.930.47-0.781.0-0.780.990.420.06
1.00.150.991.01.00.980.890.980.990.990.980.970.570.9-0.010.670.770.930.5-0.781.0-0.780.990.370.12
1.00.141.01.01.00.980.880.980.981.00.980.960.540.88-0.040.670.760.930.48-0.781.0-0.780.990.370.1
1.00.140.991.01.00.980.880.980.980.990.970.970.550.88-0.040.660.760.930.5-0.781.0-0.780.990.370.1
0.980.020.980.980.980.980.830.960.940.990.940.910.440.79-0.110.60.670.910.38-0.790.99-0.790.950.260.04
0.890.420.90.890.880.880.830.880.890.860.850.870.550.860.090.650.780.810.44-0.660.87-0.660.890.64-0.04
0.980.070.970.980.980.980.960.880.940.970.950.930.580.870.150.560.70.890.49-0.780.97-0.780.950.30.11
0.990.230.980.990.980.980.940.890.940.960.980.990.630.94-0.050.750.820.940.58-0.750.98-0.751.00.440.2
0.990.10.990.991.00.990.990.860.970.960.970.940.480.84-0.080.650.730.940.42-0.791.0-0.790.970.330.08
0.980.180.970.980.980.970.940.850.950.980.970.970.620.920.010.730.780.960.59-0.750.97-0.750.980.370.3
0.970.260.960.970.960.970.910.870.930.990.940.970.690.960.00.750.830.910.65-0.730.96-0.730.990.450.23
0.580.310.520.570.540.550.440.550.580.630.480.620.690.80.440.630.760.510.95-0.220.51-0.220.620.40.42
0.90.40.870.90.880.880.790.860.870.940.840.920.960.80.150.750.850.840.75-0.650.86-0.650.930.560.33
-0.01-0.07-0.06-0.01-0.04-0.04-0.110.090.15-0.05-0.080.010.00.440.15-0.23-0.03-0.130.310.05-0.060.05-0.04-0.080.26
0.680.450.670.670.670.660.60.650.560.750.650.730.750.630.75-0.230.920.740.66-0.260.66-0.260.730.550.31
0.770.510.770.770.760.760.670.780.70.820.730.780.830.760.85-0.030.920.730.76-0.310.74-0.310.820.680.14
0.940.140.930.930.930.930.910.810.890.940.940.960.910.510.84-0.130.740.730.48-0.740.94-0.740.940.320.32
0.510.330.470.50.480.50.380.440.490.580.420.590.650.950.750.310.660.760.48-0.140.46-0.140.580.390.52
-0.780.0-0.78-0.78-0.78-0.78-0.79-0.66-0.78-0.75-0.79-0.75-0.73-0.22-0.650.05-0.26-0.31-0.74-0.14-0.791.0-0.76-0.15-0.11
1.00.111.01.01.01.00.990.870.970.981.00.970.960.510.86-0.060.660.740.940.46-0.79-0.790.980.340.11
-0.780.0-0.78-0.78-0.78-0.78-0.79-0.66-0.78-0.75-0.79-0.75-0.73-0.22-0.650.05-0.26-0.31-0.74-0.141.0-0.79-0.76-0.15-0.11
0.990.250.990.990.990.990.950.890.951.00.970.980.990.620.93-0.040.730.820.940.58-0.760.98-0.760.460.17
0.370.950.420.370.370.370.260.640.30.440.330.370.450.40.56-0.080.550.680.320.39-0.150.34-0.150.46-0.17
0.14-0.040.060.120.10.10.04-0.040.110.20.080.30.230.420.330.260.310.140.320.52-0.110.11-0.110.17-0.17
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Jiangsu Pacific Account Relationship Matchups

Jiangsu Pacific fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.2B2.4B3.7B8.4B9.7B10.1B
Other Current Liab14.8M28.9M198.5M20.3M23.4M31.4M
Total Current Liabilities91.8M129.4M368.9M783.1M900.6M945.6M
Total Stockholder Equity1.9B2.2B3.3B7.5B8.7B9.1B
Retained Earnings860.5M1.1B2.0B5.6B6.4B6.7B
Accounts Payable65.2M83.1M122.4M292.2M336.1M352.9M
Cash381.9M189.3M454.2M2.6B3.0B3.2B
Other Assets6.1M11.6M29.7M97.6M112.3M117.9M
Net Receivables139.4M202.0M269.4M674.3M775.4M814.2M
Inventory305.7M359.7M447.1M748.4M860.7M903.7M
Other Current Assets29.1M46.1M124.0M426.9M490.9M515.5M
Total Liab226.9M266.5M401.1M827.5M951.6M999.2M
Intangible Assets76.2M78.1M97.8M149.7M172.1M180.7M
Property Plant Equipment611.7M635.7M723.5M918.8M1.1B1.1B
Other Liab21.5M27.0M23.4M32.2M37.0M20.3M
Net Tangible Assets1.5B1.9B2.1B3.1B3.6B1.8B
Short Term Investments300M382.9M445.7M858.2M987.0M1.0B
Total Current Assets1.3B1.5B2.3B6.4B7.4B7.7B
Non Current Assets Total870.0M977.4M1.4B2.0B2.3B2.4B
Non Currrent Assets Other9.2M20.0M86.7M27.6M31.7M26.6M
Non Current Liabilities Total135.1M137.1M32.2M44.3M51.0M95.9M
Net Invested Capital2.1B2.3B3.3B7.5B8.7B9.1B
Net Working Capital1.2B1.3B2.0B5.6B6.5B6.8B
Property Plant And Equipment Net635.7M723.5M918.8M1.5B1.8B975.9M
Property Plant And Equipment Gross1.1B1.2B1.4B1.5B1.8B1.4B

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Other Information on Investing in Jiangsu Stock

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