Sobute Operating Income vs Net Income Analysis

603916 Stock

8.47 0.16 1.93%

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 Operating Income and its Net Income 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.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sobute New Materials Operating Income account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sobute New's Operating Income and Net Income is 0.95. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income 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 Operating Income 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 Operating Income of Sobute New Materials 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 Operating Income i.e., Sobute New's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Sobute New Materials 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 Sobute New Materials 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sobute New Materials financial statement analysis. It represents the amount of money remaining after all of Sobute New Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 Income	780.8M	456.4M	375.7M	401.0M
Total Revenue	4.5B	3.7B	3.6B	2.7B

Operating Income Total Revenue

Sobute New fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other
Total Assets		-0.1	0.91	0.99	0.88	0.99	0.77	0.97	0.91	0.69	0.97	0.98	0.78	0.98	0.94	0.93	0.9	0.98	0.6	0.9	0.97	-0.16	0.72	-0.55	0.98	0.85
Other Current Liab	-0.1		0.12	-0.16	-0.34	-0.06	0.06	-0.09	-0.22	-0.41	-0.06	-0.1	0.23	-0.02	-0.37	-0.38	-0.35	-0.11	-0.47	-0.1	-0.1	0.36	-0.38	0.39	-0.01	-0.12
Total Current Liabilities	0.91	0.12		0.87	0.77	0.89	0.85	0.9	0.82	0.49	0.91	0.86	0.82	0.95	0.75	0.79	0.79	0.84	0.37	0.85	0.85	0.02	0.53	-0.34	0.91	0.7
Total Stockholder Equity	0.99	-0.16	0.87		0.87	0.98	0.72	0.95	0.89	0.68	0.95	0.97	0.79	0.94	0.95	0.96	0.91	0.98	0.59	0.87	0.95	-0.13	0.7	-0.62	0.96	0.9
Other Liab	0.88	-0.34	0.77	0.87		0.86	0.6	0.87	0.97	0.88	0.85	0.84	0.58	0.86	0.86	0.83	0.98	0.88	0.85	0.95	0.92	-0.4	0.9	-0.63	0.9	0.74
Retained Earnings	0.99	-0.06	0.89	0.98	0.86		0.77	0.96	0.9	0.71	0.96	0.99	0.81	0.97	0.93	0.9	0.89	0.98	0.61	0.9	0.97	-0.12	0.73	-0.54	0.98	0.84
Accounts Payable	0.77	0.06	0.85	0.72	0.6	0.77		0.79	0.68	0.46	0.74	0.8	0.73	0.82	0.65	0.66	0.62	0.69	0.31	0.72	0.71	0.19	0.48	-0.26	0.78	0.46
Cash	0.97	-0.09	0.9	0.95	0.87	0.96	0.79		0.85	0.67	0.91	0.94	0.71	0.96	0.89	0.88	0.86	0.94	0.59	0.87	0.94	-0.26	0.7	-0.45	0.95	0.76
Other Assets	0.91	-0.22	0.82	0.89	0.97	0.9	0.68	0.85		0.85	0.9	0.89	0.69	0.89	0.86	0.83	0.97	0.91	0.78	0.98	0.94	-0.23	0.87	-0.67	0.94	0.78
Long Term Debt	0.69	-0.41	0.49	0.68	0.88	0.71	0.46	0.67	0.85		0.67	0.73	0.35	0.69	0.76	0.62	0.83	0.73	0.98	0.84	0.82	-0.5	1.0	-0.53	0.74	0.51
Net Receivables	0.97	-0.06	0.91	0.95	0.85	0.96	0.74	0.91	0.9	0.67		0.94	0.8	0.96	0.9	0.9	0.88	0.94	0.58	0.89	0.94	-0.07	0.7	-0.52	0.95	0.86
Inventory	0.98	-0.1	0.86	0.97	0.84	0.99	0.8	0.94	0.89	0.73	0.94		0.78	0.96	0.92	0.89	0.86	0.98	0.62	0.89	0.97	-0.13	0.75	-0.55	0.97	0.81
Other Current Assets	0.78	0.23	0.82	0.79	0.58	0.81	0.73	0.71	0.69	0.35	0.8	0.78		0.76	0.62	0.69	0.66	0.75	0.22	0.68	0.7	0.38	0.38	-0.39	0.8	0.75
Total Liab	0.98	-0.02	0.95	0.94	0.86	0.97	0.82	0.96	0.89	0.69	0.96	0.96	0.76		0.89	0.86	0.86	0.94	0.59	0.91	0.96	-0.17	0.72	-0.41	0.97	0.75
Intangible Assets	0.94	-0.37	0.75	0.95	0.86	0.93	0.65	0.89	0.86	0.76	0.9	0.92	0.62	0.89		0.94	0.89	0.92	0.68	0.82	0.91	-0.22	0.77	-0.58	0.88	0.79
Common Stock	0.93	-0.38	0.79	0.96	0.83	0.9	0.66	0.88	0.83	0.62	0.9	0.89	0.69	0.86	0.94		0.89	0.9	0.54	0.78	0.85	-0.11	0.63	-0.66	0.85	0.89
Property Plant Equipment	0.9	-0.35	0.79	0.91	0.98	0.89	0.62	0.86	0.97	0.83	0.88	0.86	0.66	0.86	0.89	0.89		0.9	0.78	0.94	0.92	-0.28	0.85	-0.7	0.91	0.81
Net Tangible Assets	0.98	-0.11	0.84	0.98	0.88	0.98	0.69	0.94	0.91	0.73	0.94	0.98	0.75	0.94	0.92	0.9	0.9		0.66	0.9	0.98	-0.23	0.76	-0.64	0.97	0.88
Other Stockholder Equity	0.6	-0.47	0.37	0.59	0.85	0.61	0.31	0.59	0.78	0.98	0.58	0.62	0.22	0.59	0.68	0.54	0.78	0.66		0.77	0.74	-0.62	0.98	-0.51	0.65	0.45
Deferred Long Term Liab	0.9	-0.1	0.85	0.87	0.95	0.9	0.72	0.87	0.98	0.84	0.89	0.89	0.68	0.91	0.82	0.78	0.94	0.9	0.77		0.95	-0.26	0.87	-0.6	0.95	0.72
Non Current Assets Total	0.97	-0.1	0.85	0.95	0.92	0.97	0.71	0.94	0.94	0.82	0.94	0.97	0.7	0.96	0.91	0.85	0.92	0.98	0.74	0.95		-0.3	0.84	-0.57	0.98	0.8
Non Currrent Assets Other	-0.16	0.36	0.02	-0.13	-0.4	-0.12	0.19	-0.26	-0.23	-0.5	-0.07	-0.13	0.38	-0.17	-0.22	-0.11	-0.28	-0.23	-0.62	-0.26	-0.3		-0.5	0.11	-0.17	-0.05
Non Current Liabilities Total	0.72	-0.38	0.53	0.7	0.9	0.73	0.48	0.7	0.87	1.0	0.7	0.75	0.38	0.72	0.77	0.63	0.85	0.76	0.98	0.87	0.84	-0.5		-0.54	0.77	0.53
Short Long Term Debt	-0.55	0.39	-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	-0.57	0.11	-0.54		-0.54	-0.75
Total Current Assets	0.98	-0.01	0.91	0.96	0.9	0.98	0.78	0.95	0.94	0.74	0.95	0.97	0.8	0.97	0.88	0.85	0.91	0.97	0.65	0.95	0.98	-0.17	0.77	-0.54		0.81
Non Current Liabilities Other	0.85	-0.12	0.7	0.9	0.74	0.84	0.46	0.76	0.78	0.51	0.86	0.81	0.75	0.75	0.79	0.89	0.81	0.88	0.45	0.72	0.8	-0.05	0.53	-0.75	0.81

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Sobute New Account Relationship Matchups

Sobute New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.0B	6.4B	7.6B	7.7B	8.0B	4.6B
Other Current Liab	614.3M	571.0M	529.6M	321.7M	11.7M	11.2M
Total Current Liabilities	2.3B	2.5B	2.9B	2.1B	2.2B	1.8B
Total Stockholder Equity	2.4B	3.5B	3.9B	4.2B	4.2B	2.4B
Other Liab	96.5M	126.0M	116.3M	167.0M	192.0M	201.6M
Retained Earnings	1.0B	1.4B	1.8B	1.9B	1.8B	1.0B
Accounts Payable	390.2M	695.7M	1.3B	839.4M	508.3M	520.6M
Cash	506.5M	986.4M	841.7M	1.0B	1.0B	516.6M
Other Assets	158.4M	161.6M	240.8M	227.0M	261.1M	274.1M
Long Term Debt	26.0M	33.2M	300M	840.8M	860.5M	903.5M
Net Receivables	2.4B	2.0B	2.8B	2.7B	2.7B	1.9B
Inventory	186.7M	315.0M	462.4M	457.7M	453.5M	242.3M
Other Current Assets	101.5M	120.5M	169.6M	131.1M	53.7M	79.5M
Total Liab	2.4B	2.6B	3.3B	3.2B	3.2B	2.1B
Intangible Assets	209.6M	248.0M	369.3M	456.9M	472.7M	252.1M
Common Stock	309.3M	310.6M	350.3M	420.3M	483.4M	295.1M
Property Plant Equipment	1.3B	1.5B	1.7B	1.9B	2.1B	2.2B
Net Tangible Assets	2.1B	3.1B	3.4B	3.6B	4.1B	2.4B
Other Stockholder Equity	376.1K	664.7K	6.1M	103.8M	119.4M	125.4M
Deferred Long Term Liab	60.4M	68.9M	104.0M	94.4M	108.6M	114.0M
Non Current Assets Total	1.8B	2.2B	2.5B	2.8B	3.0B	2.2B
Non Currrent Assets Other	52.3M	41.2M	69.0M	45.0M	19.7M	38.6M
Non Current Liabilities Total	122.5M	159.2M	451.4M	1.0B	1.1B	1.1B
Short Long Term Debt	870.1M	785.3M	699.6M	820.2M	630.4M	606.9M
Total Current Assets	3.2B	4.2B	5.0B	4.9B	4.9B	3.8B
Net Debt	575.6M	389.6M	157.9M	612.6M	488.4M	472.8M
Net Invested Capital	3.3B	4.3B	4.9B	5.9B	5.7B	4.6B
Net Working Capital	977.3M	1.8B	2.2B	2.8B	2.8B	1.9B

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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.

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Sobute Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Sobute New fundamental ratios Correlations

Sobute New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sobute New fundamental ratios Accounts

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Other Information on Investing in Sobute Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Retained Earnings
Inventory	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Non Current Liabilities Other	- 0.75	Short Long Term Debt
Short Long Term Debt	- 0.7	Property Plant Equipment
Short Long Term Debt	- 0.67	Other Assets
Short Long Term Debt	- 0.66	Common Stock
Short Long Term Debt	- 0.64	Net Tangible Assets
Short Long Term Debt	- 0.63	Other Liab