Sobute Net Interest Income vs Gross Profit Analysis

603916 Stock   8.46  0.01  0.12%   
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 Net Interest Income and its Gross Profit 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.

Net Interest Income vs Gross Profit

Net Interest Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sobute New Materials Net Interest Income account and Gross Profit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sobute New's Net Interest Income and Gross Profit is 0.11. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Gross Profit 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 Net Interest Income 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 Net Interest Income of Sobute New Materials 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 Net Interest Income i.e., Sobute New's Net Interest Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sobute New Materials minus its cost of goods sold. It is profit before Sobute New 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 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.