ChengDu Ebit vs Operating Income Analysis

000628 Stock

59.02 0.92 1.58%

ChengDu Hi financial indicator trend analysis is way more than just evaluating ChengDu Hi Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChengDu Hi Tech is a good investment. Please check the relationship between ChengDu Hi Ebit and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChengDu Hi Tech Development. 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.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChengDu Hi Tech Ebit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between ChengDu Hi's Ebit and Operating Income is 0.89. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of ChengDu Hi Tech Development, assuming nothing else is changed. The correlation between historical values of ChengDu Hi's Ebit and Operating 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 Ebit of ChengDu Hi Tech Development are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebit i.e., ChengDu Hi's Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from ChengDu Hi Tech 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 ChengDu Hi Tech Development 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.

Most indicators from ChengDu Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChengDu Hi Tech 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 ChengDu Hi Tech Development. 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 102 M. The current year's Tax Provision is expected to grow to about 234.9 M

	2021	2022	2023	2024 (projected)
Income Tax Expense	61.7M	62.4M	71.8M	75.4M
Net Income	163.3M	199.1M	365.9M	384.2M

Income Tax Expense Net Income

ChengDu Hi fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Inventory	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Short Term Investments	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.93	-0.47	0.91	0.99	0.67	-0.03	0.9	-0.58	1.0	0.75	0.66	-0.52	0.14	0.68	0.06	0.91	0.88	0.13	0.89	0.45	0.85	0.34	0.68	0.92	0.91
Total Stockholder Equity	0.93		-0.72	0.92	0.93	0.59	0.07	0.87	-0.56	0.91	0.64	0.76	-0.51	0.03	0.75	-0.05	0.81	0.88	0.09	0.84	0.54	0.79	0.32	0.69	0.84	0.92
Other Liab	-0.47	-0.72		-0.52	-0.46	-0.42	-0.37	-0.38	0.24	-0.41	-0.17	-0.76	0.4	0.1	-0.58	-0.03	-0.4	-0.53	-0.11	-0.4	-0.43	-0.33	-0.27	-0.55	-0.44	-0.57
Retained Earnings	0.91	0.92	-0.52		0.93	0.39	0.03	0.94	-0.59	0.9	0.73	0.51	-0.24	-0.24	0.63	-0.13	0.82	0.81	0.04	0.87	0.41	0.86	0.24	0.57	0.83	0.85
Accounts Payable	0.99	0.93	-0.46	0.93		0.61	0.02	0.93	-0.6	0.99	0.78	0.63	-0.45	0.09	0.63	-0.02	0.9	0.85	0.12	0.92	0.38	0.88	0.31	0.62	0.9	0.87
Cash	0.67	0.59	-0.42	0.39	0.61		-0.13	0.33	-0.48	0.67	0.3	0.79	-0.82	0.56	0.6	0.54	0.76	0.76	0.34	0.51	0.36	0.35	0.34	0.64	0.77	0.6
Other Assets	-0.03	0.07	-0.37	0.03	0.02	-0.13		0.03	0.04	-0.04	0.09	0.15	0.17	-0.25	-0.27	-0.09	-0.03	-0.12	-0.05	0.02	-0.28	0.07	0.32	-0.25	-0.06	-0.17
Long Term Debt	0.9	0.87	-0.38	0.94	0.93	0.33	0.03		-0.51	0.89	0.83	0.47	-0.22	-0.06	0.55	-0.36	0.73	0.7	-0.09	0.88	0.28	0.94	0.14	0.43	0.73	0.78
Inventory	-0.58	-0.56	0.24	-0.59	-0.6	-0.48	0.04	-0.51		-0.58	-0.41	-0.35	0.18	0.08	-0.21	-0.09	-0.59	-0.61	-0.08	-0.63	-0.1	-0.46	-0.08	-0.11	-0.59	-0.38
Total Liab	1.0	0.91	-0.41	0.9	0.99	0.67	-0.04	0.89	-0.58		0.76	0.62	-0.51	0.17	0.65	0.07	0.92	0.87	0.14	0.89	0.42	0.85	0.34	0.67	0.92	0.89
Intangible Assets	0.75	0.64	-0.17	0.73	0.78	0.3	0.09	0.83	-0.41	0.76		0.29	0.0	0.0	0.33	-0.23	0.63	0.44	-0.4	0.63	0.01	0.97	0.1	0.2	0.61	0.51
Common Stock	0.66	0.76	-0.76	0.51	0.63	0.79	0.15	0.47	-0.35	0.62	0.29		-0.79	0.43	0.72	0.12	0.66	0.79	0.17	0.53	0.49	0.42	0.41	0.61	0.7	0.69
Property Plant Equipment	-0.52	-0.51	0.4	-0.24	-0.45	-0.82	0.17	-0.22	0.18	-0.51	0.0	-0.79		-0.7	-0.6	-0.33	-0.54	-0.69	-0.41	-0.38	-0.58	-0.11	-0.36	-0.66	-0.57	-0.6
Good Will	0.14	0.03	0.1	-0.24	0.09	0.56	-0.25	-0.06	0.08	0.17	0.0	0.43	-0.7		0.2	0.14	0.12	0.17	0.09	0.01	0.14	-0.03	0.15	0.18	0.13	0.11
Short Term Investments	0.68	0.75	-0.58	0.63	0.63	0.6	-0.27	0.55	-0.21	0.65	0.33	0.72	-0.6	0.2		0.1	0.65	0.78	0.06	0.48	0.71	0.5	0.17	0.83	0.7	0.86
Other Current Liab	0.06	-0.05	-0.03	-0.13	-0.02	0.54	-0.09	-0.36	-0.09	0.07	-0.23	0.12	-0.33	0.14	0.1		0.33	0.24	0.47	-0.12	0.22	-0.28	0.4	0.42	0.32	0.1
Total Current Liabilities	0.91	0.81	-0.4	0.82	0.9	0.76	-0.03	0.73	-0.59	0.92	0.63	0.66	-0.54	0.12	0.65	0.33		0.92	0.26	0.79	0.42	0.71	0.46	0.7	1.0	0.83
Net Tangible Assets	0.88	0.88	-0.53	0.81	0.85	0.76	-0.12	0.7	-0.61	0.87	0.44	0.79	-0.69	0.17	0.78	0.24	0.92		0.29	0.76	0.65	0.59	0.44	0.77	0.95	0.91
Net Receivables	0.13	0.09	-0.11	0.04	0.12	0.34	-0.05	-0.09	-0.08	0.14	-0.4	0.17	-0.41	0.09	0.06	0.47	0.26	0.29		0.34	0.05	-0.3	0.24	0.43	0.25	0.22
Other Current Assets	0.89	0.84	-0.4	0.87	0.92	0.51	0.02	0.88	-0.63	0.89	0.63	0.53	-0.38	0.01	0.48	-0.12	0.79	0.76	0.34		0.16	0.75	0.18	0.5	0.79	0.76
Other Stockholder Equity	0.45	0.54	-0.43	0.41	0.38	0.36	-0.28	0.28	-0.1	0.42	0.01	0.49	-0.58	0.14	0.71	0.22	0.42	0.65	0.05	0.16		0.16	0.4	0.74	0.47	0.72
Deferred Long Term Liab	0.85	0.79	-0.33	0.86	0.88	0.35	0.07	0.94	-0.46	0.85	0.97	0.42	-0.11	-0.03	0.5	-0.28	0.71	0.59	-0.3	0.75	0.16		0.14	0.35	0.7	0.67
Long Term Investments	0.34	0.32	-0.27	0.24	0.31	0.34	0.32	0.14	-0.08	0.34	0.1	0.41	-0.36	0.15	0.17	0.4	0.46	0.44	0.24	0.18	0.4	0.14		0.4	0.44	0.37
Short Long Term Debt	0.68	0.69	-0.55	0.57	0.62	0.64	-0.25	0.43	-0.11	0.67	0.2	0.61	-0.66	0.18	0.83	0.42	0.7	0.77	0.43	0.5	0.74	0.35	0.4		0.73	0.88
Total Current Assets	0.92	0.84	-0.44	0.83	0.9	0.77	-0.06	0.73	-0.59	0.92	0.61	0.7	-0.57	0.13	0.7	0.32	1.0	0.95	0.25	0.79	0.47	0.7	0.44	0.73		0.86
Short Term Debt	0.91	0.92	-0.57	0.85	0.87	0.6	-0.17	0.78	-0.38	0.89	0.51	0.69	-0.6	0.11	0.86	0.1	0.83	0.91	0.22	0.76	0.72	0.67	0.37	0.88	0.86

Click cells to compare fundamentals

ChengDu Hi Account Relationship Matchups

ChengDu Hi fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9B	8.3B	10.8B	13.7B	13.6B	14.3B
Total Stockholder Equity	1.0B	1.5B	1.6B	1.8B	2.1B	2.2B
Other Liab	51.2M	8.4M	15.0M	50.3M	45.3M	43.0M
Retained Earnings	(66.2M)	174.7M	292.2M	485.3M	818.2M	859.1M
Accounts Payable	1.7B	3.1B	5.2B	6.6B	7.3B	7.7B
Cash	1.1B	1.7B	2.2B	2.6B	1.6B	958.0M
Other Assets	152.2M	142.0M	187.7M	191.8M	220.6M	193.7M
Long Term Debt	212.4M	329.1M	496.4M	777.4M	1.6B	1.6B
Inventory	1.4B	13.3M	6.9M	67.1M	122.3M	116.1M
Total Liab	4.8B	6.6B	9.2B	11.7B	11.4B	12.0B
Intangible Assets	52.1M	46.5M	35.1M	178.6M	166.5M	174.9M
Property Plant Equipment	99.2M	69.1M	56.9M	109.1M	98.2M	153.9M
Other Current Liab	2.1B	2.4B	2.8B	3.3B	785.9M	746.6M
Total Current Liabilities	4.5B	6.3B	8.6B	10.9B	9.8B	6.2B
Net Tangible Assets	960.4M	1.5B	1.5B	1.4B	1.6B	1.1B
Net Receivables	2.6B	788.6M	7.5B	1.0B	650.8M	618.2M
Other Current Assets	9.2M	27.2M	257.7M	145.6M	250.6M	263.2M
Other Stockholder Equity	38.6M	58.5M	13.3M	12.9M	14.9M	17.6M
Deferred Long Term Liab	7.8M	7.1M	3.4M	56.9M	65.5M	68.7M
Short Long Term Debt	320M	200.3M	260.3M	245.2M	125.1M	155.6M
Total Current Assets	5.4B	7.9B	10.2B	12.6B	11.6B	7.3B
Non Current Assets Total	455.5M	481.6M	653.5M	1.1B	2.0B	2.1B
Non Currrent Assets Other	4.0M	10.6M	74.8M	85.4M	69.3M	72.7M
Non Current Liabilities Total	263.6M	338.0M	517.0M	831.5M	1.7B	1.8B
Non Current Liabilities Other	50M	6.1M	12.8M	12.8M	15.5M	14.7M
Net Invested Capital	1.5B	2.1B	2.3B	2.8B	3.8B	2.3B
Net Working Capital	913.3M	1.5B	1.5B	1.8B	1.9B	1.4B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

TITAN	Titan Company Limited
U	Unity Software
PAYC	Paycom Soft

Other Information on Investing in ChengDu Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

ChengDu Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

ChengDu Hi fundamental ratios Correlations

ChengDu Hi Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ChengDu Hi fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in ChengDu Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Accounts Payable
Deferred Long Term Liab	+ 0.97	Intangible Assets
Total Current Assets	+ 0.95	Net Tangible Assets

Property Plant Equipment	- 0.82	Cash
Property Plant Equipment	- 0.79	Common Stock
Common Stock	- 0.76	Other Liab
Other Liab	- 0.72	Total Stockholder Equity
Good Will	- 0.7	Property Plant Equipment
Net Tangible Assets	- 0.69	Property Plant Equipment