XCMG Income Before Tax vs Gross Profit Analysis

000425 Stock   7.44  0.47  5.94%   
XCMG Construction financial indicator trend analysis is more than just analyzing XCMG Construction current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XCMG Construction is a good investment. Please check the relationship between XCMG Construction Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XCMG Construction Machinery. 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.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XCMG Construction Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between XCMG Construction's Income Before Tax and Gross Profit is 0.81. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of XCMG Construction Machinery, assuming nothing else is changed. The correlation between historical values of XCMG Construction's Income Before Tax 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 Income Before Tax of XCMG Construction Machinery 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 Income Before Tax i.e., XCMG Construction's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on XCMG Construction income statement and is an important metric when analyzing XCMG Construction 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of XCMG Construction Machinery minus its cost of goods sold. It is profit before XCMG Construction 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 XCMG Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XCMG Construction 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 XCMG Construction Machinery. 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 Selling General Administrative is expected to grow to about 9.2 B, whereas Tax Provision is forecasted to decline to about 428.3 M.
 2021 2022 2023 2024 (projected)
Operating Income6.1B5.9B7.7B8.0B
Total Revenue84.3B93.8B92.8B97.5B

XCMG Construction fundamental ratios Correlations

0.571.00.980.970.960.960.960.90.920.980.921.00.970.890.940.90.480.88-0.110.960.710.820.91-0.650.89
0.570.580.480.480.610.610.440.640.50.570.720.610.460.350.430.410.950.52-0.060.440.370.560.69-0.250.56
1.00.580.960.960.970.970.970.880.90.980.911.00.960.870.920.890.50.89-0.140.960.710.810.93-0.640.9
0.980.480.960.970.930.940.920.850.930.960.860.960.960.940.930.870.390.860.020.930.760.750.86-0.720.83
0.970.480.960.970.970.960.90.820.950.920.790.950.920.90.860.790.350.84-0.010.90.780.650.87-0.710.81
0.960.610.970.930.970.990.90.810.910.910.830.960.880.840.820.770.470.880.00.890.790.670.93-0.680.83
0.960.610.970.940.960.990.890.810.910.920.840.960.880.830.820.780.470.880.010.890.780.680.93-0.670.83
0.960.440.970.920.90.90.890.850.810.970.90.970.970.850.940.950.390.86-0.250.990.620.850.88-0.60.9
0.90.640.880.850.820.810.810.850.850.910.910.910.870.670.920.860.560.74-0.30.850.440.850.8-0.430.81
0.920.50.90.930.950.910.910.810.850.850.740.90.850.820.830.710.350.770.010.820.690.610.8-0.60.73
0.980.570.980.960.920.910.920.970.910.850.960.980.980.870.970.950.510.87-0.170.980.640.890.89-0.640.91
0.920.720.910.860.790.830.840.90.910.740.960.930.90.740.910.920.710.82-0.230.910.520.950.88-0.50.89
1.00.611.00.960.950.960.960.970.910.90.980.930.960.860.930.90.520.88-0.170.960.680.830.93-0.610.9
0.970.460.960.960.920.880.880.970.870.850.980.90.960.910.970.960.410.85-0.140.980.650.870.85-0.650.88
0.890.350.870.940.90.840.830.850.670.820.870.740.860.910.840.80.310.80.110.870.790.670.77-0.760.76
0.940.430.920.930.860.820.820.940.920.830.970.910.930.970.840.960.390.79-0.230.950.530.890.78-0.560.85
0.90.410.890.870.790.770.780.950.860.710.950.920.90.960.80.960.430.79-0.290.970.480.950.79-0.520.88
0.480.950.50.390.350.470.470.390.560.350.510.710.520.410.310.390.430.47-0.140.40.260.630.62-0.140.55
0.880.520.890.860.840.880.880.860.740.770.870.820.880.850.80.790.790.470.030.870.820.710.96-0.630.96
-0.11-0.06-0.140.02-0.010.00.01-0.25-0.30.01-0.17-0.23-0.17-0.140.11-0.23-0.29-0.140.03-0.20.44-0.39-0.08-0.44-0.22
0.960.440.960.930.90.890.890.990.850.820.980.910.960.980.870.950.970.40.87-0.20.640.870.88-0.630.9
0.710.370.710.760.780.790.780.620.440.690.640.520.680.650.790.530.480.260.820.440.640.330.76-0.790.66
0.820.560.810.750.650.670.680.850.850.610.890.950.830.870.670.890.950.630.71-0.390.870.330.75-0.320.84
0.910.690.930.860.870.930.930.880.80.80.890.880.930.850.770.780.790.620.96-0.080.880.760.75-0.590.95
-0.65-0.25-0.64-0.72-0.71-0.68-0.67-0.6-0.43-0.6-0.64-0.5-0.61-0.65-0.76-0.56-0.52-0.14-0.63-0.44-0.63-0.79-0.32-0.59-0.51
0.890.560.90.830.810.830.830.90.810.730.910.890.90.880.760.850.880.550.96-0.220.90.660.840.95-0.51
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XCMG Construction Account Relationship Matchups

XCMG Construction fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets77.3B91.8B110.0B175.1B162.0B170.1B
Other Current Liab3.5B4.3B5.5B17.6B2.0B2.9B
Total Current Liabilities36.9B50.8B63.1B96.5B86.4B90.7B
Total Stockholder Equity33.2B33.7B36.4B53.3B56.1B59.0B
Retained Earnings15.6B18.6B23.4B24.7B25.8B27.1B
Accounts Payable27.4B32.6B42.9B50.4B41.8B43.9B
Cash15.8B17.0B23.1B27.8B23.4B24.5B
Other Assets1.3B5.1B5.5B10.5B12.1B12.7B
Long Term Debt5.8B5.7B8.9B18.2B14.5B15.2B
Net Receivables32.8B25.8B38.8B40.5B40.0B42.0B
Inventory10.5B13.1B16.8B35.1B32.4B34.0B
Other Current Assets1.4B1.9B2.2B10.0B6.4B6.7B
Total Liab43.6B57.6B72.9B120.4B104.5B109.7B
Intangible Assets2.6B2.7B3.5B7.3B8.0B8.4B
Property Plant Equipment8.4B8.9B9.6B22.1B25.4B26.7B
Other Liab177.6M331.6M573.0M5.5B6.3B6.6B
Net Tangible Assets30.8B31.2B33.3B46.8B53.8B31.6B
Other Stockholder Equity4.6B2.1B134.7M(5.0M)(4.5M)(4.2M)
Deferred Long Term Liab202.8M242.7M430.2M842.9M969.4M1.0B
Short Long Term Debt3.0B2.3B3.1B17.9B14.0B14.7B
Total Current Assets60.4B70.1B85.2B129.1B111.1B73.5B
Non Current Assets Total16.9B21.7B24.9B46.0B50.9B27.9B
Non Currrent Assets Other403.8M330.4M365.0M952.6M627.4M596.0M
Non Current Liabilities Total6.7B6.8B9.7B23.9B18.1B10.7B
Non Current Liabilities Other761.3M792.0M266.0M762.0M1.1B1.6B
Net Invested Capital42.0B41.7B48.5B89.4B84.6B58.9B
Net Working Capital23.5B19.3B22.0B32.6B24.7B24.5B

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Other Information on Investing in XCMG Stock

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