Shenyang Income Before Tax vs Research Development 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 Income Before Tax and its Research Development 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.

Income Before Tax vs Research Development

Income Before Tax vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenyang Chemical Income Before Tax account and Research Development. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shenyang Chemical's Income Before Tax and Research Development is -0.32. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Research Development 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 Income Before Tax and Research Development 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 Shenyang Chemical Industry are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Income Before Tax i.e., Shenyang Chemical's Income Before Tax and Research Development go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Research Development

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 Profit	1.0B	180.6M	166.6M	158.3M
Research Development	224.6M	202.2M	113.7M	162.9M

Gross Profit Research Development

Shenyang Chemical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.28	0.85	0.9	0.73	0.37	0.66	0.63	0.01	0.32	0.45	0.65	0.94	0.69	0.67	0.65	-0.24	-0.66	0.45	0.59	0.6	0.63	0.39	0.06	0.29	-0.29
Other Current Liab	0.28		0.27	0.05	-0.09	0.12	0.19	-0.12	0.36	-0.17	-0.19	0.29	0.43	0.06	0.4	0.3	0.43	-0.41	-0.19	-0.25	0.02	0.15	0.14	-0.13	-0.29	0.11
Total Current Liabilities	0.85	0.27		0.61	0.48	0.69	0.84	0.51	-0.24	0.09	0.47	0.46	0.91	0.83	0.81	0.27	-0.08	-0.59	0.16	0.51	0.79	0.72	0.72	-0.32	0.02	-0.62
Total Stockholder Equity	0.9	0.05	0.61		0.87	0.08	0.37	0.66	-0.1	0.5	0.45	0.66	0.69	0.43	0.38	0.76	-0.44	-0.49	0.7	0.69	0.46	0.5	0.13	0.36	0.5	-0.13
Retained Earnings	0.73	-0.09	0.48	0.87		0.06	0.29	0.57	-0.19	0.6	0.4	0.68	0.52	0.36	0.2	0.56	-0.77	-0.16	0.92	0.77	0.28	0.33	-0.02	0.57	0.79	0.08
Accounts Payable	0.37	0.12	0.69	0.08	0.06		0.78	-0.09	-0.36	-0.39	0.65	-0.03	0.53	0.58	0.54	-0.38	-0.02	-0.15	-0.18	0.22	0.69	0.75	0.77	-0.65	-0.19	-0.63
Cash	0.66	0.19	0.84	0.37	0.29	0.78		0.21	-0.16	0.09	0.42	0.19	0.79	0.81	0.81	-0.07	0.0	-0.4	-0.06	0.43	0.79	0.66	0.85	-0.55	-0.07	-0.65
Other Assets	0.63	-0.12	0.51	0.66	0.57	-0.09	0.21		-0.07	0.35	0.21	0.49	0.53	0.52	0.36	0.6	-0.22	-0.57	0.45	0.52	0.24	0.14	0.07	0.26	0.37	-0.08
Long Term Debt	0.01	0.36	-0.24	-0.1	-0.19	-0.36	-0.16	-0.07		0.05	-0.4	-0.07	0.1	-0.07	0.11	0.4	0.27	-0.28	-0.2	-0.43	-0.53	-0.47	-0.4	0.17	-0.14	0.45
Net Receivables	0.32	-0.17	0.09	0.5	0.6	-0.39	0.09	0.35	0.05		-0.2	0.23	0.13	0.13	0.06	0.45	-0.45	0.04	0.59	0.49	0.05	-0.17	-0.1	0.52	0.45	0.04
Inventory	0.45	-0.19	0.47	0.45	0.4	0.65	0.42	0.21	-0.4	-0.2		0.03	0.38	0.25	0.18	0.01	-0.36	-0.19	0.3	0.47	0.49	0.7	0.33	-0.13	0.24	-0.32
Other Current Assets	0.65	0.29	0.46	0.66	0.68	-0.03	0.19	0.49	-0.07	0.23	0.03		0.55	0.31	0.25	0.52	-0.4	-0.25	0.59	0.56	0.31	0.36	0.03	0.38	0.51	0.11
Total Liab	0.94	0.43	0.91	0.69	0.52	0.53	0.79	0.53	0.1	0.13	0.38	0.55		0.79	0.82	0.49	-0.04	-0.71	0.19	0.42	0.61	0.62	0.53	-0.18	0.08	-0.36
Intangible Assets	0.69	0.06	0.83	0.43	0.36	0.58	0.81	0.52	-0.07	0.13	0.25	0.31	0.79		0.8	0.12	-0.04	-0.45	0.02	0.37	0.59	0.43	0.64	-0.37	-0.03	-0.51
Common Stock	0.67	0.4	0.81	0.38	0.2	0.54	0.81	0.36	0.11	0.06	0.18	0.25	0.82	0.8		0.23	0.29	-0.73	-0.14	0.25	0.58	0.36	0.73	-0.52	-0.22	-0.61
Property Plant Equipment	0.65	0.3	0.27	0.76	0.56	-0.38	-0.07	0.6	0.4	0.45	0.01	0.52	0.49	0.12	0.23		-0.12	-0.61	0.5	0.25	-0.08	-0.01	-0.32	0.56	0.33	0.26
Other Liab	-0.24	0.43	-0.08	-0.44	-0.77	-0.02	0.0	-0.22	0.27	-0.45	-0.36	-0.4	-0.04	-0.04	0.29	-0.12		-0.43	-0.86	-0.65	-0.02	-0.16	0.26	-0.66	-0.83	-0.25
Short Term Investments	-0.66	-0.41	-0.59	-0.49	-0.16	-0.15	-0.4	-0.57	-0.28	0.04	-0.19	-0.25	-0.71	-0.45	-0.73	-0.61	-0.43		0.1	-0.09	-0.3	-0.23	-0.32	0.25	0.14	0.28
Net Tangible Assets	0.45	-0.19	0.16	0.7	0.92	-0.18	-0.06	0.45	-0.2	0.59	0.3	0.59	0.19	0.02	-0.14	0.5	-0.86	0.1		0.67	0.02	0.13	-0.3	0.79	0.85	0.28
Deferred Long Term Liab	0.59	-0.25	0.51	0.69	0.77	0.22	0.43	0.52	-0.43	0.49	0.47	0.56	0.42	0.37	0.25	0.25	-0.65	-0.09	0.67		0.57	0.46	0.3	0.23	0.69	-0.28
Short Long Term Debt	0.6	0.02	0.79	0.46	0.28	0.69	0.79	0.24	-0.53	0.05	0.49	0.31	0.61	0.59	0.58	-0.08	-0.02	-0.3	0.02	0.57		0.86	0.87	-0.52	-0.1	-0.84
Total Current Assets	0.63	0.15	0.72	0.5	0.33	0.75	0.66	0.14	-0.47	-0.17	0.7	0.36	0.62	0.43	0.36	-0.01	-0.16	-0.23	0.13	0.46	0.86		0.64	-0.34	-0.01	-0.55
Short Term Debt	0.39	0.14	0.72	0.13	-0.02	0.77	0.85	0.07	-0.4	-0.1	0.33	0.03	0.53	0.64	0.73	-0.32	0.26	-0.32	-0.3	0.3	0.87	0.64		-0.8	-0.36	-0.88
Non Current Assets Total	0.06	-0.13	-0.32	0.36	0.57	-0.65	-0.55	0.26	0.17	0.52	-0.13	0.38	-0.18	-0.37	-0.52	0.56	-0.66	0.25	0.79	0.23	-0.52	-0.34	-0.8		0.71	0.72
Non Currrent Assets Other	0.29	-0.29	0.02	0.5	0.79	-0.19	-0.07	0.37	-0.14	0.45	0.24	0.51	0.08	-0.03	-0.22	0.33	-0.83	0.14	0.85	0.69	-0.1	-0.01	-0.36	0.71		0.42
Non Current Liabilities Total	-0.29	0.11	-0.62	-0.13	0.08	-0.63	-0.65	-0.08	0.45	0.04	-0.32	0.11	-0.36	-0.51	-0.61	0.26	-0.25	0.28	0.28	-0.28	-0.84	-0.55	-0.88	0.72	0.42

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Shenyang Chemical Account Relationship Matchups

Shenyang Chemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.9B	10.5B	10.1B	6.8B	6.1B	7.2B
Other Current Liab	407.2M	950.3M	836.8M	978.1M	1.1B	811.5M
Total Current Liabilities	4.6B	5.7B	5.1B	3.6B	4.1B	3.2B
Total Stockholder Equity	3.7B	4.1B	4.1B	2.0B	1.5B	3.0B
Retained Earnings	1.6B	1.9B	1.9B	(164.0M)	(985.2M)	(936.0M)
Accounts Payable	847.8M	1.2B	1.6B	979.7M	954.6M	606.4M
Cash	1.9B	1.7B	1.9B	1.8B	1.4B	846.6M
Other Assets	233.8M	186.0M	170.5M	114.4M	131.6M	137.7M
Long Term Debt	374.8M	200M	306.8M	800M	920M	733.2M
Net Receivables	819.7M	74.7M	91.0M	73.6M	84.8M	80.6M
Inventory	713.9M	679.2M	1.3B	398.1M	294.4M	508.4M
Other Current Assets	301.7M	1.3B	181.3M	88.3M	27.9M	26.5M
Total Liab	5.1B	6.4B	6.0B	4.8B	4.5B	4.2B
Intangible Assets	809.3M	804.5M	778.1M	756.0M	771.6M	427.1M
Property Plant Equipment	4.1B	4.3B	4.0B	2.6B	3.0B	4.3B
Other Liab	134.4M	116.7M	104.6M	444.3M	511.0M	536.5M
Net Tangible Assets	2.9B	3.3B	3.3B	1.2B	1.1B	1.1B
Deferred Long Term Liab	100.9M	71.4M	59.1M	17.3M	15.6M	14.8M
Short Long Term Debt	2.8B	3.4B	2.5B	1.4B	1.5B	2.2B
Total Current Assets	3.7B	5.2B	5.1B	3.3B	2.7B	4.1B
Non Current Assets Total	5.2B	5.2B	4.9B	3.5B	3.4B	4.1B
Non Currrent Assets Other	79.8M	65.9M	57.6M	41.4M	1.3M	1.2M
Non Current Liabilities Total	509.2M	657.1M	820.9M	1.2B	380.0M	689.0M
Net Debt	920.4M	1.9B	904.6M	403.0M	80.9M	76.8M
Net Invested Capital	6.5B	7.7B	7.0B	4.2B	3.0B	4.8B
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.

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Shenyang Income Before Tax vs Research Development Analysis

Income Before Tax vs Research Development

Income Before Tax vs Research Development Correlation Analysis

Correlation Coefficient

Income Before Tax

Research Development

Shenyang Chemical fundamental ratios Correlations

Shenyang Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenyang Chemical fundamental ratios Accounts

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Other Information on Investing in Shenyang Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.94	Total Assets
Net Tangible Assets	+ 0.92	Retained Earnings
Total Liab	+ 0.91	Total Current Liabilities
Total Stockholder Equity	+ 0.9	Total Assets
Retained Earnings	+ 0.87	Total Stockholder Equity
Short Term Debt	+ 0.87	Short Long Term Debt

Non Current Liabilities Total	- 0.88	Short Term Debt
Net Tangible Assets	- 0.86	Other Liab
Non Current Liabilities Total	- 0.84	Short Long Term Debt
Non Currrent Assets Other	- 0.83	Other Liab
Non Current Assets Total	- 0.8	Short Term Debt
Other Liab	- 0.77	Retained Earnings