Sichuan Income Before Tax vs Total Revenue Analysis

688511 Stock   14.22  0.91  6.01%   
Sichuan Tianwei financial indicator trend analysis is much more than just breaking down Sichuan Tianwei Elec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Tianwei Elec is a good investment. Please check the relationship between Sichuan Tianwei Income Before Tax and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Tianwei Electronic. 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 Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Tianwei Elec Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sichuan Tianwei's Income Before Tax and Total Revenue is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sichuan Tianwei Electronic, assuming nothing else is changed. The correlation between historical values of Sichuan Tianwei's Income Before Tax and Total 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 Before Tax of Sichuan Tianwei Electronic are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Sichuan Tianwei's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Sichuan Tianwei income statement and is an important metric when analyzing Sichuan Tianwei Elec profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Revenue

Total revenue comprises all receipts Sichuan Tianwei Elec generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Sichuan Tianwei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Tianwei Elec 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 Sichuan Tianwei Electronic. 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 Tax Provision is expected to grow to about 9.6 M, whereas Selling General Administrative is forecasted to decline to about 9.1 M.
 2022 2023 2024 2025 (projected)
Gross Profit69.9M83.1M95.6M95.5M
Total Revenue112.5M140.5M161.6M143.7M

Sichuan Tianwei fundamental ratios Correlations

0.660.060.620.940.81-0.950.920.720.940.88-0.350.930.87-0.040.92-0.780.940.591.00.78-0.820.970.920.980.99
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0.620.870.50.570.89-0.460.630.960.580.75-0.750.520.470.150.82-0.790.540.970.610.91-0.630.640.660.470.53
0.940.62-0.070.570.76-0.970.990.671.00.83-0.391.00.83-0.10.86-0.781.00.550.940.72-0.930.890.890.950.97
0.810.910.180.890.76-0.650.810.950.760.96-0.660.720.760.270.93-0.70.730.910.790.83-0.820.780.850.710.74
-0.95-0.50.04-0.46-0.97-0.65-0.93-0.55-0.97-0.740.25-0.98-0.790.15-0.80.74-0.98-0.42-0.95-0.650.81-0.89-0.84-0.98-0.98
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0.940.62-0.040.581.00.76-0.970.980.660.82-0.390.990.8-0.070.85-0.771.00.560.940.71-0.910.890.880.950.97
0.880.820.00.750.830.96-0.740.870.870.82-0.560.810.890.210.94-0.660.810.780.860.77-0.870.830.910.820.84
-0.35-0.46-0.04-0.75-0.39-0.660.25-0.49-0.66-0.39-0.56-0.33-0.420.17-0.490.58-0.35-0.68-0.34-0.590.54-0.34-0.59-0.24-0.31
0.930.58-0.090.521.00.72-0.980.980.620.990.81-0.330.82-0.090.84-0.741.00.50.940.67-0.910.880.870.960.97
0.870.5-0.280.470.830.76-0.790.850.620.80.89-0.420.82-0.120.83-0.620.810.440.870.62-0.820.830.920.880.87
-0.040.490.210.15-0.10.270.15-0.080.23-0.070.210.17-0.09-0.120.070.36-0.10.36-0.06-0.110.01-0.1-0.12-0.09-0.1
0.920.840.220.820.860.93-0.80.890.910.850.94-0.490.840.830.07-0.850.840.80.910.91-0.840.910.880.850.87
-0.78-0.6-0.34-0.79-0.78-0.70.74-0.8-0.78-0.77-0.660.58-0.74-0.620.36-0.85-0.76-0.67-0.78-0.940.71-0.8-0.75-0.71-0.75
0.940.59-0.070.541.00.73-0.980.980.631.00.81-0.351.00.81-0.10.84-0.760.510.940.69-0.910.890.870.960.97
0.590.940.480.970.550.91-0.420.610.960.560.78-0.680.50.440.360.8-0.670.510.570.83-0.640.580.610.440.5
1.00.640.070.610.940.79-0.950.920.710.940.86-0.340.940.87-0.060.91-0.780.940.570.78-0.810.970.920.980.99
0.780.80.410.910.720.83-0.650.740.920.710.77-0.590.670.62-0.110.91-0.940.690.830.78-0.680.840.780.660.71
-0.82-0.670.13-0.63-0.93-0.820.81-0.96-0.73-0.91-0.870.54-0.91-0.820.01-0.840.71-0.91-0.64-0.81-0.68-0.75-0.83-0.82-0.83
0.970.680.060.640.890.78-0.890.870.740.890.83-0.340.880.83-0.10.91-0.80.890.580.970.84-0.750.930.920.95
0.920.64-0.150.660.890.85-0.840.910.750.880.91-0.590.870.92-0.120.88-0.750.870.610.920.78-0.830.930.880.91
0.980.54-0.060.470.950.71-0.980.920.590.950.82-0.240.960.88-0.090.85-0.710.960.440.980.66-0.820.920.880.99
0.990.58-0.050.530.970.74-0.980.940.640.970.84-0.310.970.87-0.10.87-0.750.970.50.990.71-0.830.950.910.99
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Sichuan Tianwei Account Relationship Matchups

Sichuan Tianwei fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets356.2M956.0M872.0M956.8M1.1B584.8M
Other Current Liab15.9M19.9M16.8M415.4K373.9K355.2K
Total Current Liabilities110.2M85.6M48.4M78.6M90.4M80.3M
Total Stockholder Equity219.6M842.6M796.2M851.9M979.7M1.0B
Property Plant And Equipment Net69.6M68.2M57.3M76.2M87.6M70.4M
Net Debt9.7M7.3M(154.9M)(142.0M)(127.8M)(121.4M)
Retained Earnings67.4M170.6M161.0M205.8M236.7M248.6M
Accounts Payable54.3M35.7M31.6M45.4M52.2M39.9M
Cash32.7M184.9M142.0M157.9M181.6M190.7M
Non Current Assets Total80.0M82.8M81.5M103.2M118.7M88.9M
Non Currrent Assets Other1.4M4.4M14.1M1.1M980.6K931.6K
Cash And Short Term Investments27.3M35.7M579.0M582.0M669.2M702.7M
Common Stock Shares Outstanding60.0M68.3M80M104M119.6M75.8M
Liabilities And Stockholders Equity274.7M356.2M956.0M872.0M1.0B506.9M
Non Current Liabilities Total26.4M27.7M27.5M26.4M23.7M25.1M
Inventory63.9M63.9M78.8M83.5M96.0M65.0M
Other Current Assets488.9K969.4K215.4K59.5K53.5K50.8K
Other Stockholder Equity64.1M92.1M592.1M555.2M638.5M670.4M
Total Liab136.6M113.3M75.8M104.9M120.7M114.8M
Total Current Assets276.1M873.2M790.5M853.6M981.6M495.9M
Intangible Assets6.2M5.9M5.7M5.5M4.9M4.8M
Net Receivables82.1M103.0M68.4M134.1M154.3M92.4M
Short Term Investments3M394.1M440M435M500.3M281.4M
Net Invested Capital259.6M872.6M796.2M851.9M979.7M648.2M
Net Working Capital166.0M787.6M742.1M775.0M891.2M563.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Sichuan Stock

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