Shenyang Gross Profit vs Income Before Tax Analysis

000698 Stock   3.85  0.03  0.77%   
Shenyang Chemical financial indicator trend analysis is much more than just breaking down Shenyang Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenyang Chemical is a good investment. Please check the relationship between Shenyang Chemical Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenyang Chemical Industry. 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.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenyang Chemical Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenyang Chemical's Gross Profit and Income Before Tax is 0.74. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Shenyang Chemical Industry, assuming nothing else is changed. The correlation between historical values of Shenyang Chemical's Gross Profit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Shenyang Chemical Industry are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., Shenyang Chemical's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Shenyang Chemical Industry minus its cost of goods sold. It is profit before Shenyang Chemical 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Shenyang Chemical income statement and is an important metric when analyzing Shenyang Chemical 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.
Most indicators from Shenyang Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenyang Chemical 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 Shenyang Chemical Industry. 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 191.9 M, whereas Tax Provision is forecasted to decline to about 15.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.0B180.6M166.6M158.3M
Research Development224.6M202.2M113.7M162.9M

Shenyang Chemical fundamental ratios Correlations

0.280.850.90.730.370.660.630.010.320.450.650.940.690.670.65-0.24-0.660.450.590.60.630.390.060.29-0.29
0.280.270.05-0.090.120.19-0.120.36-0.17-0.190.290.430.060.40.30.43-0.41-0.19-0.250.020.150.14-0.13-0.290.11
0.850.270.610.480.690.840.51-0.240.090.470.460.910.830.810.27-0.08-0.590.160.510.790.720.72-0.320.02-0.62
0.90.050.610.870.080.370.66-0.10.50.450.660.690.430.380.76-0.44-0.490.70.690.460.50.130.360.5-0.13
0.73-0.090.480.870.060.290.57-0.190.60.40.680.520.360.20.56-0.77-0.160.920.770.280.33-0.020.570.790.08
0.370.120.690.080.060.78-0.09-0.36-0.390.65-0.030.530.580.54-0.38-0.02-0.15-0.180.220.690.750.77-0.65-0.19-0.63
0.660.190.840.370.290.780.21-0.160.090.420.190.790.810.81-0.070.0-0.4-0.060.430.790.660.85-0.55-0.07-0.65
0.63-0.120.510.660.57-0.090.21-0.070.350.210.490.530.520.360.6-0.22-0.570.450.520.240.140.070.260.37-0.08
0.010.36-0.24-0.1-0.19-0.36-0.16-0.070.05-0.4-0.070.1-0.070.110.40.27-0.28-0.2-0.43-0.53-0.47-0.40.17-0.140.45
0.32-0.170.090.50.6-0.390.090.350.05-0.20.230.130.130.060.45-0.450.040.590.490.05-0.17-0.10.520.450.04
0.45-0.190.470.450.40.650.420.21-0.4-0.20.030.380.250.180.01-0.36-0.190.30.470.490.70.33-0.130.24-0.32
0.650.290.460.660.68-0.030.190.49-0.070.230.030.550.310.250.52-0.4-0.250.590.560.310.360.030.380.510.11
0.940.430.910.690.520.530.790.530.10.130.380.550.790.820.49-0.04-0.710.190.420.610.620.53-0.180.08-0.36
0.690.060.830.430.360.580.810.52-0.070.130.250.310.790.80.12-0.04-0.450.020.370.590.430.64-0.37-0.03-0.51
0.670.40.810.380.20.540.810.360.110.060.180.250.820.80.230.29-0.73-0.140.250.580.360.73-0.52-0.22-0.61
0.650.30.270.760.56-0.38-0.070.60.40.450.010.520.490.120.23-0.12-0.610.50.25-0.08-0.01-0.320.560.330.26
-0.240.43-0.08-0.44-0.77-0.020.0-0.220.27-0.45-0.36-0.4-0.04-0.040.29-0.12-0.43-0.86-0.65-0.02-0.160.26-0.66-0.83-0.25
-0.66-0.41-0.59-0.49-0.16-0.15-0.4-0.57-0.280.04-0.19-0.25-0.71-0.45-0.73-0.61-0.430.1-0.09-0.3-0.23-0.320.250.140.28
0.45-0.190.160.70.92-0.18-0.060.45-0.20.590.30.590.190.02-0.140.5-0.860.10.670.020.13-0.30.790.850.28
0.59-0.250.510.690.770.220.430.52-0.430.490.470.560.420.370.250.25-0.65-0.090.670.570.460.30.230.69-0.28
0.60.020.790.460.280.690.790.24-0.530.050.490.310.610.590.58-0.08-0.02-0.30.020.570.860.87-0.52-0.1-0.84
0.630.150.720.50.330.750.660.14-0.47-0.170.70.360.620.430.36-0.01-0.16-0.230.130.460.860.64-0.34-0.01-0.55
0.390.140.720.13-0.020.770.850.07-0.4-0.10.330.030.530.640.73-0.320.26-0.32-0.30.30.870.64-0.8-0.36-0.88
0.06-0.13-0.320.360.57-0.65-0.550.260.170.52-0.130.38-0.18-0.37-0.520.56-0.660.250.790.23-0.52-0.34-0.80.710.72
0.29-0.290.020.50.79-0.19-0.070.37-0.140.450.240.510.08-0.03-0.220.33-0.830.140.850.69-0.1-0.01-0.360.710.42
-0.290.11-0.62-0.130.08-0.63-0.65-0.080.450.04-0.320.11-0.36-0.51-0.610.26-0.250.280.28-0.28-0.84-0.55-0.880.720.42
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Shenyang Chemical Account Relationship Matchups

Shenyang Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.9B10.5B10.1B6.8B6.1B7.2B
Other Current Liab407.2M950.3M836.8M978.1M1.1B811.5M
Total Current Liabilities4.6B5.7B5.1B3.6B4.1B3.2B
Total Stockholder Equity3.7B4.1B4.1B2.0B1.5B3.0B
Retained Earnings1.6B1.9B1.9B(164.0M)(985.2M)(936.0M)
Accounts Payable847.8M1.2B1.6B979.7M954.6M606.4M
Cash1.9B1.7B1.9B1.8B1.4B846.6M
Other Assets233.8M186.0M170.5M114.4M131.6M137.7M
Long Term Debt374.8M200M306.8M800M920M733.2M
Net Receivables819.7M74.7M91.0M73.6M84.8M80.6M
Inventory713.9M679.2M1.3B398.1M294.4M508.4M
Other Current Assets301.7M1.3B181.3M88.3M27.9M26.5M
Total Liab5.1B6.4B6.0B4.8B4.5B4.2B
Intangible Assets809.3M804.5M778.1M756.0M771.6M427.1M
Property Plant Equipment4.1B4.3B4.0B2.6B3.0B4.3B
Other Liab134.4M116.7M104.6M444.3M511.0M536.5M
Net Tangible Assets2.9B3.3B3.3B1.2B1.1B1.1B
Deferred Long Term Liab100.9M71.4M59.1M17.3M15.6M14.8M
Short Long Term Debt2.8B3.4B2.5B1.4B1.5B2.2B
Total Current Assets3.7B5.2B5.1B3.3B2.7B4.1B
Non Current Assets Total5.2B5.2B4.9B3.5B3.4B4.1B
Non Currrent Assets Other79.8M65.9M57.6M41.4M1.3M1.2M
Non Current Liabilities Total509.2M657.1M820.9M1.2B380.0M689.0M
Net Debt920.4M1.9B904.6M403.0M80.9M76.8M
Net Invested Capital6.5B7.7B7.0B4.2B3.0B4.8B
Net Working Capital(945.6M)(498.1M)(7.7M)(244.2M)(1.4B)(1.5B)

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Other Information on Investing in Shenyang Stock

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