Sobute Income Tax Expense vs Cost Of Revenue Analysis

603916 Stock   8.24  0.21  2.49%   
Sobute New financial indicator trend analysis is much more than just breaking down Sobute New Materials prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sobute New Materials is a good investment. Please check the relationship between Sobute New Income Tax Expense and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sobute New Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Income Tax Expense vs Cost Of Revenue

Income Tax Expense vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sobute New Materials Income Tax Expense account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sobute New's Income Tax Expense and Cost Of Revenue is 0.73. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Sobute New Materials, assuming nothing else is changed. The correlation between historical values of Sobute New's Income Tax Expense and Cost Of Revenue 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 Tax Expense of Sobute New Materials are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Tax Expense i.e., Sobute New's Income Tax Expense and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Tax Expense

Cost Of Revenue

Cost of Revenue is found on Sobute New Materials income statement and represents the costs associated with goods and services Sobute New provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Sobute New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sobute New Materials 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 Sobute New Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 408.4 M, whereas Tax Provision is forecasted to decline to about 19.8 M.
 2021 2022 2023 2024 (projected)
Operating Income780.8M456.4M375.7M401.0M
Total Revenue4.5B3.7B3.6B2.7B

Sobute New fundamental ratios Correlations

-0.10.910.990.880.990.770.970.910.690.970.980.780.980.940.930.90.980.60.90.97-0.160.72-0.550.980.85
-0.10.12-0.16-0.34-0.060.06-0.09-0.22-0.41-0.06-0.10.23-0.02-0.37-0.38-0.35-0.11-0.47-0.1-0.10.36-0.380.39-0.01-0.12
0.910.120.870.770.890.850.90.820.490.910.860.820.950.750.790.790.840.370.850.850.020.53-0.340.910.7
0.99-0.160.870.870.980.720.950.890.680.950.970.790.940.950.960.910.980.590.870.95-0.130.7-0.620.960.9
0.88-0.340.770.870.860.60.870.970.880.850.840.580.860.860.830.980.880.850.950.92-0.40.9-0.630.90.74
0.99-0.060.890.980.860.770.960.90.710.960.990.810.970.930.90.890.980.610.90.97-0.120.73-0.540.980.84
0.770.060.850.720.60.770.790.680.460.740.80.730.820.650.660.620.690.310.720.710.190.48-0.260.780.46
0.97-0.090.90.950.870.960.790.850.670.910.940.710.960.890.880.860.940.590.870.94-0.260.7-0.450.950.76
0.91-0.220.820.890.970.90.680.850.850.90.890.690.890.860.830.970.910.780.980.94-0.230.87-0.670.940.78
0.69-0.410.490.680.880.710.460.670.850.670.730.350.690.760.620.830.730.980.840.82-0.51.0-0.530.740.51
0.97-0.060.910.950.850.960.740.910.90.670.940.80.960.90.90.880.940.580.890.94-0.070.7-0.520.950.86
0.98-0.10.860.970.840.990.80.940.890.730.940.780.960.920.890.860.980.620.890.97-0.130.75-0.550.970.81
0.780.230.820.790.580.810.730.710.690.350.80.780.760.620.690.660.750.220.680.70.380.38-0.390.80.75
0.98-0.020.950.940.860.970.820.960.890.690.960.960.760.890.860.860.940.590.910.96-0.170.72-0.410.970.75
0.94-0.370.750.950.860.930.650.890.860.760.90.920.620.890.940.890.920.680.820.91-0.220.77-0.580.880.79
0.93-0.380.790.960.830.90.660.880.830.620.90.890.690.860.940.890.90.540.780.85-0.110.63-0.660.850.89
0.9-0.350.790.910.980.890.620.860.970.830.880.860.660.860.890.890.90.780.940.92-0.280.85-0.70.910.81
0.98-0.110.840.980.880.980.690.940.910.730.940.980.750.940.920.90.90.660.90.98-0.230.76-0.640.970.88
0.6-0.470.370.590.850.610.310.590.780.980.580.620.220.590.680.540.780.660.770.74-0.620.98-0.510.650.45
0.9-0.10.850.870.950.90.720.870.980.840.890.890.680.910.820.780.940.90.770.95-0.260.87-0.60.950.72
0.97-0.10.850.950.920.970.710.940.940.820.940.970.70.960.910.850.920.980.740.95-0.30.84-0.570.980.8
-0.160.360.02-0.13-0.4-0.120.19-0.26-0.23-0.5-0.07-0.130.38-0.17-0.22-0.11-0.28-0.23-0.62-0.26-0.3-0.50.11-0.17-0.05
0.72-0.380.530.70.90.730.480.70.871.00.70.750.380.720.770.630.850.760.980.870.84-0.5-0.540.770.53
-0.550.39-0.34-0.62-0.63-0.54-0.26-0.45-0.67-0.53-0.52-0.55-0.39-0.41-0.58-0.66-0.7-0.64-0.51-0.6-0.570.11-0.54-0.54-0.75
0.98-0.010.910.960.90.980.780.950.940.740.950.970.80.970.880.850.910.970.650.950.98-0.170.77-0.540.81
0.85-0.120.70.90.740.840.460.760.780.510.860.810.750.750.790.890.810.880.450.720.8-0.050.53-0.750.81
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Sobute New Account Relationship Matchups

Sobute New fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.0B6.4B7.6B7.7B8.0B4.6B
Other Current Liab614.3M571.0M529.6M321.7M11.7M11.2M
Total Current Liabilities2.3B2.5B2.9B2.1B2.2B1.8B
Total Stockholder Equity2.4B3.5B3.9B4.2B4.2B2.4B
Other Liab96.5M126.0M116.3M167.0M192.0M201.6M
Retained Earnings1.0B1.4B1.8B1.9B1.8B1.0B
Accounts Payable390.2M695.7M1.3B839.4M508.3M520.6M
Cash506.5M986.4M841.7M1.0B1.0B516.6M
Other Assets158.4M161.6M240.8M227.0M261.1M274.1M
Long Term Debt26.0M33.2M300M840.8M860.5M903.5M
Net Receivables2.4B2.0B2.8B2.7B2.7B1.9B
Inventory186.7M315.0M462.4M457.7M453.5M242.3M
Other Current Assets101.5M120.5M169.6M131.1M53.7M79.5M
Total Liab2.4B2.6B3.3B3.2B3.2B2.1B
Intangible Assets209.6M248.0M369.3M456.9M472.7M252.1M
Common Stock309.3M310.6M350.3M420.3M483.4M295.1M
Property Plant Equipment1.3B1.5B1.7B1.9B2.1B2.2B
Net Tangible Assets2.1B3.1B3.4B3.6B4.1B2.4B
Other Stockholder Equity376.1K664.7K6.1M103.8M119.4M125.4M
Deferred Long Term Liab60.4M68.9M104.0M94.4M108.6M114.0M
Non Current Assets Total1.8B2.2B2.5B2.8B3.0B2.2B
Non Currrent Assets Other52.3M41.2M69.0M45.0M19.7M38.6M
Non Current Liabilities Total122.5M159.2M451.4M1.0B1.1B1.1B
Short Long Term Debt870.1M785.3M699.6M820.2M630.4M606.9M
Total Current Assets3.2B4.2B5.0B4.9B4.9B3.8B
Net Debt575.6M389.6M157.9M612.6M488.4M472.8M
Net Invested Capital3.3B4.3B4.9B5.9B5.7B4.6B
Net Working Capital977.3M1.8B2.2B2.8B2.8B1.9B

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Other Information on Investing in Sobute Stock

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