Xingguang Net Interest Income vs Operating Income Analysis
603789 Stock | 10.08 0.56 5.26% |
Xingguang Agricultural financial indicator trend analysis is more than just analyzing Xingguang Agricultural current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xingguang Agricultural is a good investment. Please check the relationship between Xingguang Agricultural Net Interest Income and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xingguang Agricultural Mach. 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 Operating Income
Net Interest Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingguang Agricultural Net Interest Income account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xingguang Agricultural's Net Interest Income and Operating Income is 0.87. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Xingguang Agricultural Mach, assuming nothing else is changed. The correlation between historical values of Xingguang Agricultural's Net Interest Income and Operating 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 Xingguang Agricultural Mach are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Interest Income i.e., Xingguang Agricultural's Net Interest Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.Operating Income
Operating Income is the amount of profit realized from Xingguang Agricultural 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 Xingguang Agricultural Mach 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.Most indicators from Xingguang Agricultural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xingguang Agricultural 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 Xingguang Agricultural Mach. 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 7 M, whereas Selling General Administrative is forecasted to decline to about 43.4 M.
Xingguang Agricultural fundamental ratios Correlations
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Xingguang Agricultural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xingguang Agricultural fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.4B | 1.3B | 1.1B | 1.3B | 1.4B | |
Other Current Liab | 44.9M | 45.0M | 272.4M | 4.5M | 60.8M | 66.9M | |
Total Current Liabilities | 555.3M | 453.8M | 613.5M | 519.1M | 697.5M | 449.4M | |
Total Stockholder Equity | 1.0B | 786.1M | 618.1M | 468.0M | 419.2M | 596.8M | |
Retained Earnings | 248.6M | (28.9M) | (185.1M) | (403.1M) | (458.8M) | (435.9M) | |
Accounts Payable | 245.5M | 156.5M | 230.8M | 143.5M | 296.3M | 228.1M | |
Cash | 163.2M | 91.1M | 131.0M | 73.1M | 116.1M | 206.5M | |
Other Assets | 38.3M | 20.5M | 49.3M | 69.2M | 79.6M | 83.6M | |
Net Receivables | 636.0M | 499.5M | 409.8M | 257.2M | 231.7M | 265.6M | |
Inventory | 160.8M | 152.9M | 149.1M | 169.1M | 230.4M | 133.7M | |
Other Current Assets | 51.7M | 56.5M | 62.7M | 21.1M | 10.9M | 10.4M | |
Total Liab | 605.1M | 524.8M | 668.9M | 562.3M | 833.0M | 494.3M | |
Intangible Assets | 97.3M | 92.3M | 88.2M | 87.3M | 90.0M | 86.5M | |
Property Plant Equipment | 398.3M | 384.1M | 321.1M | 272.9M | 313.8M | 314.3M | |
Other Liab | 30.8M | 39.8M | 30.9M | 29.2M | 33.6M | 32.3M | |
Net Tangible Assets | 800.3M | 677.5M | 514.0M | 364.8M | 328.3M | 578.1M | |
Other Stockholder Equity | 14.8M | 16.5M | 18.1M | 18.8M | 21.6M | 15.5M | |
Deferred Long Term Liab | 9.2M | 8.4M | 9.7M | 3.9M | 3.5M | 3.4M | |
Total Current Assets | 1.0B | 820.0M | 759.9M | 529.7M | 678.3M | 644.2M | |
Non Current Assets Total | 702.5M | 581.1M | 571.9M | 546.0M | 618.3M | 504.1M | |
Non Currrent Assets Other | 3.6M | 1.7M | 1.2M | 21.1M | 352.8K | 335.1K | |
Non Current Liabilities Total | 49.8M | 71.0M | 55.4M | 43.1M | 135.5M | 142.3M | |
Non Current Liabilities Other | 10.9M | 6.3M | 6.3M | 5.2M | 4.7M | 6.1M | |
Net Invested Capital | 1.2B | 910.8M | 721.4M | 578.1M | 598.2M | 699.1M | |
Net Working Capital | 461.5M | 366.2M | 146.4M | 10.6M | (19.2M) | (18.2M) | |
Short Long Term Debt | 98.4M | 84.7M | 78.6M | 91.5M | 112.7M | 93.7M |
Currently Active Assets on Macroaxis
Other Information on Investing in Xingguang Stock
Balance Sheet is a snapshot of the financial position of Xingguang Agricultural at a specified time, usually calculated after every quarter, six months, or one year. Xingguang Agricultural Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xingguang Agricultural 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 Xingguang currently owns. An asset can also be divided into two categories, current and non-current.