Xingguang Total Other Income Expense Net vs Gross Profit 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 Total Other Income Expense Net and its Gross Profit 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.

Total Other Income Expense Net vs Gross Profit

Total Other Income Expense Net vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingguang Agricultural Total Other Income Expense Net account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Xingguang Agricultural's Total Other Income Expense Net and Gross Profit is 0.7. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit 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 Total Other Income Expense Net 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 Total Other Income Expense Net of Xingguang Agricultural Mach 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 Total Other Income Expense Net i.e., Xingguang Agricultural's Total Other Income Expense Net and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

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Total Other Income Expense Net

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Xingguang Agricultural Mach minus its cost of goods sold. It is profit before Xingguang Agricultural 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 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

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total	Long Term Investments
Total Assets		0.03	0.53	0.78	-0.01	0.15	-0.79	0.53	0.82	0.82	0.63	0.55	0.84	0.81	0.94	0.58	-0.45	-0.6	0.62	0.03	0.19	0.34	-0.48	-0.24	0.32	0.55
Other Current Liab	0.03		0.38	-0.2	-0.22	0.25	-0.09	0.22	0.17	0.06	0.29	0.33	0.08	0.1	-0.04	0.0	-0.2	-0.17	0.22	-0.29	-0.02	-0.18	-0.42	-0.29	0.1	0.16
Total Current Liabilities	0.53	0.38		-0.08	-0.6	0.58	-0.72	0.73	0.67	0.82	0.28	0.99	0.63	0.72	0.52	0.69	-0.81	-0.75	0.87	-0.55	-0.24	-0.03	-0.63	-0.65	0.59	0.86
Total Stockholder Equity	0.78	-0.2	-0.08		0.54	-0.2	-0.38	0.0	0.48	0.37	0.59	-0.06	0.51	0.41	0.7	0.15	0.11	-0.1	0.07	0.51	0.5	0.55	-0.01	0.29	-0.2	0.0
Retained Earnings	-0.01	-0.22	-0.6	0.54		-0.09	0.47	-0.81	-0.17	-0.45	0.19	-0.63	-0.21	-0.45	-0.09	-0.32	0.84	0.6	-0.68	0.88	0.83	0.68	0.5	0.9	-0.8	-0.65
Accounts Payable	0.15	0.25	0.58	-0.2	-0.09		0.01	0.14	0.13	0.27	-0.11	0.54	0.17	0.05	0.04	0.34	-0.13	-0.12	0.17	-0.1	0.2	0.24	-0.26	0.02	0.24	0.26
Cash	-0.79	-0.09	-0.72	-0.38	0.47	0.01		-0.82	-0.82	-0.91	-0.53	-0.75	-0.84	-0.94	-0.88	-0.58	0.84	0.83	-0.91	0.37	0.31	0.03	0.53	0.69	-0.52	-0.81
Other Assets	0.53	0.22	0.73	0.0	-0.81	0.14	-0.82		0.52	0.79	0.16	0.76	0.63	0.8	0.62	0.42	-0.94	-0.77	0.87	-0.67	-0.66	-0.42	-0.61	-0.89	0.79	0.77
Net Receivables	0.82	0.17	0.67	0.48	-0.17	0.13	-0.82	0.52		0.76	0.67	0.67	0.84	0.81	0.84	0.79	-0.54	-0.85	0.78	-0.23	0.09	0.28	-0.61	-0.42	0.34	0.74
Inventory	0.82	0.06	0.82	0.37	-0.45	0.27	-0.91	0.79	0.76		0.48	0.85	0.82	0.93	0.83	0.62	-0.82	-0.78	0.89	-0.36	-0.21	0.12	-0.52	-0.58	0.56	0.87
Other Current Assets	0.63	0.29	0.28	0.59	0.19	-0.11	-0.53	0.16	0.67	0.48		0.28	0.39	0.44	0.61	0.31	-0.16	-0.38	0.38	0.04	0.41	0.26	-0.33	-0.13	-0.1	0.4
Total Liab	0.55	0.33	0.99	-0.06	-0.63	0.54	-0.75	0.76	0.67	0.85	0.28		0.64	0.77	0.56	0.7	-0.85	-0.77	0.9	-0.57	-0.27	-0.04	-0.67	-0.69	0.64	0.9
Intangible Assets	0.84	0.08	0.63	0.51	-0.21	0.17	-0.84	0.63	0.84	0.82	0.39	0.64		0.89	0.85	0.56	-0.62	-0.79	0.75	-0.12	-0.14	0.32	-0.41	-0.4	0.37	0.65
Common Stock	0.81	0.1	0.72	0.41	-0.45	0.05	-0.94	0.8	0.81	0.93	0.44	0.77	0.89		0.86	0.62	-0.82	-0.86	0.92	-0.38	-0.3	0.12	-0.57	-0.63	0.56	0.84
Property Plant Equipment	0.94	-0.04	0.52	0.7	-0.09	0.04	-0.88	0.62	0.84	0.83	0.61	0.56	0.85	0.86		0.57	-0.55	-0.68	0.71	-0.06	0.04	0.25	-0.5	-0.38	0.37	0.62
Other Liab	0.58	0.0	0.69	0.15	-0.32	0.34	-0.58	0.42	0.79	0.62	0.31	0.7	0.56	0.62	0.57		-0.49	-0.75	0.68	-0.45	0.08	0.2	-0.69	-0.36	0.56	0.76
Net Tangible Assets	-0.45	-0.2	-0.81	0.11	0.84	-0.13	0.84	-0.94	-0.54	-0.82	-0.16	-0.85	-0.62	-0.82	-0.55	-0.49		0.8	-0.94	0.72	0.67	0.33	0.53	0.89	-0.71	-0.86
Short Term Investments	-0.6	-0.17	-0.75	-0.1	0.6	-0.12	0.83	-0.77	-0.85	-0.78	-0.38	-0.77	-0.79	-0.86	-0.68	-0.75	0.8		-0.92	0.65	0.39	0.03	0.66	0.72	-0.63	-0.9
Other Stockholder Equity	0.62	0.22	0.87	0.07	-0.68	0.17	-0.91	0.87	0.78	0.89	0.38	0.9	0.75	0.92	0.71	0.68	-0.94	-0.92		-0.62	-0.43	-0.12	-0.68	-0.82	0.68	0.95
Deferred Long Term Liab	0.03	-0.29	-0.55	0.51	0.88	-0.1	0.37	-0.67	-0.23	-0.36	0.04	-0.57	-0.12	-0.38	-0.06	-0.45	0.72	0.65	-0.62		0.67	0.53	0.52	0.77	-0.69	-0.68
Total Current Assets	0.19	-0.02	-0.24	0.5	0.83	0.2	0.31	-0.66	0.09	-0.21	0.41	-0.27	-0.14	-0.3	0.04	0.08	0.67	0.39	-0.43	0.67		0.66	0.06	0.72	-0.49	-0.33
Non Current Assets Total	0.34	-0.18	-0.03	0.55	0.68	0.24	0.03	-0.42	0.28	0.12	0.26	-0.04	0.32	0.12	0.25	0.2	0.33	0.03	-0.12	0.53	0.66		0.2	0.64	-0.43	-0.03
Non Currrent Assets Other	-0.48	-0.42	-0.63	-0.01	0.5	-0.26	0.53	-0.61	-0.61	-0.52	-0.33	-0.67	-0.41	-0.57	-0.5	-0.69	0.53	0.66	-0.68	0.52	0.06	0.2		0.64	-0.8	-0.69
Good Will	-0.24	-0.29	-0.65	0.29	0.9	0.02	0.69	-0.89	-0.42	-0.58	-0.13	-0.69	-0.4	-0.63	-0.38	-0.36	0.89	0.72	-0.82	0.77	0.72	0.64	0.64		-0.76	-0.74
Non Current Liabilities Total	0.32	0.1	0.59	-0.2	-0.8	0.24	-0.52	0.79	0.34	0.56	-0.1	0.64	0.37	0.56	0.37	0.56	-0.71	-0.63	0.68	-0.69	-0.49	-0.43	-0.8	-0.76		0.68
Long Term Investments	0.55	0.16	0.86	0.0	-0.65	0.26	-0.81	0.77	0.74	0.87	0.4	0.9	0.65	0.84	0.62	0.76	-0.86	-0.9	0.95	-0.68	-0.33	-0.03	-0.69	-0.74	0.68

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Xingguang Agricultural Account Relationship Matchups

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

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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.

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Xingguang Total Other Income Expense Net vs Gross Profit Analysis

Total Other Income Expense Net vs Gross Profit

Total Other Income Expense Net vs Gross Profit Correlation Analysis

Correlation Coefficient

Total Other Income Expense Net

Gross Profit

Xingguang Agricultural fundamental ratios Correlations

Xingguang Agricultural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xingguang Agricultural fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Long Term Investments	+ 0.95	Other Stockholder Equity
Property Plant Equipment	+ 0.94	Total Assets
Common Stock	+ 0.93	Inventory
Other Stockholder Equity	+ 0.92	Common Stock
Good Will	+ 0.9	Retained Earnings

Other Stockholder Equity	- 0.94	Net Tangible Assets
Net Tangible Assets	- 0.94	Other Assets
Common Stock	- 0.94	Cash
Other Stockholder Equity	- 0.92	Short Term Investments
Other Stockholder Equity	- 0.91	Cash
Inventory	- 0.91	Cash