Qingdao Gross Profit vs Income Before Tax Analysis

001219 Stock

14.78 0.23 1.58%

Qingdao Foods financial indicator trend analysis is much more than just breaking down Qingdao Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingdao Foods is a good investment. Please check the relationship between Qingdao Foods 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 Qingdao Foods Co. 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.

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 Qingdao Foods Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Qingdao Foods' Gross Profit and Income Before Tax is 0.45. 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 Qingdao Foods Co, assuming nothing else is changed. The correlation between historical values of Qingdao Foods' 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 Qingdao Foods Co 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., Qingdao Foods' Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Qingdao Foods Co minus its cost of goods sold. It is profit before Qingdao Foods 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 Qingdao Foods income statement and is an important metric when analyzing Qingdao Foods 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 Qingdao Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Foods 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 Qingdao Foods Co. 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 29.5 M, whereas Selling General Administrative is forecasted to decline to about 12.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	138.5M	157.9M	149.5M	121.0M
Total Revenue	434.0M	493.8M	489.3M	518.3M

Gross Profit Total Revenue

Qingdao Foods fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Other Assets	Net Receivables	Short Term Investments	Net Invested Capital
Total Assets		-0.18	0.87	1.0	-0.87	-0.78	0.97	0.77	0.78	0.02	0.37	0.94	0.73	-0.84	-0.79	-0.75	0.94	0.88	1.0	-0.52	0.96	0.98	-0.51	0.5	0.82	0.99
Other Current Liab	-0.18		-0.16	-0.18	0.52	0.03	-0.22	-0.51	-0.04	0.59	0.19	-0.31	-0.58	0.17	0.11	0.04	-0.39	-0.16	-0.19	0.15	-0.13	-0.22	0.67	-0.12	-0.34	-0.27
Total Current Liabilities	0.87	-0.16		0.86	-0.76	-0.51	0.92	0.84	0.52	-0.22	0.03	0.88	0.66	-0.71	-0.86	-0.72	0.8	1.0	0.88	-0.57	0.96	0.79	-0.4	0.66	0.8	0.83
Total Stockholder Equity	1.0	-0.18	0.86		-0.87	-0.79	0.97	0.76	0.79	0.03	0.39	0.93	0.73	-0.85	-0.77	-0.75	0.94	0.86	1.0	-0.51	0.95	0.99	-0.51	0.48	0.82	0.99
Property Plant And Equipment Net	-0.87	0.52	-0.76	-0.87		0.54	-0.88	-0.71	-0.55	0.27	-0.08	-0.87	-0.86	0.82	0.77	0.54	-0.92	-0.77	-0.88	0.5	-0.79	-0.88	0.65	-0.57	-0.88	-0.92
Net Debt	-0.78	0.03	-0.51	-0.79	0.54		-0.68	-0.52	-1.0	-0.55	-0.84	-0.74	-0.29	0.76	0.53	0.71	-0.76	-0.53	-0.75	0.54	-0.65	-0.77	0.25	-0.32	-0.29	-0.76
Retained Earnings	0.97	-0.22	0.92	0.97	-0.88	-0.68		0.77	0.69	-0.1	0.21	0.95	0.79	-0.88	-0.82	-0.81	0.9	0.93	0.97	-0.53	0.96	0.94	-0.43	0.66	0.85	0.95
Accounts Payable	0.77	-0.51	0.84	0.76	-0.71	-0.52	0.77		0.52	-0.29	0.15	0.76	0.71	-0.51	-0.56	-0.53	0.75	0.83	0.78	-0.35	0.85	0.75	-0.59	0.37	0.68	0.74
Cash	0.78	-0.04	0.52	0.79	-0.55	-1.0	0.69	0.52		0.54	0.84	0.74	0.3	-0.76	-0.52	-0.71	0.76	0.53	0.75	-0.53	0.65	0.78	-0.25	0.32	0.3	0.77
Non Current Assets Total	0.02	0.59	-0.22	0.03	0.27	-0.55	-0.1	-0.29	0.54		0.82	-0.09	-0.53	-0.17	0.08	-0.1	-0.06	-0.2	-0.03	-0.09	-0.1	0.02	0.49	-0.07	-0.49	-0.02
Non Currrent Assets Other	0.37	0.19	0.03	0.39	-0.08	-0.84	0.21	0.15	0.84	0.82		0.26	-0.13	-0.36	-0.05	-0.33	0.35	0.04	0.33	-0.19	0.21	0.41	0.01	-0.12	-0.17	0.35
Cash And Short Term Investments	0.94	-0.31	0.88	0.93	-0.87	-0.74	0.95	0.76	0.74	-0.09	0.26		0.69	-0.88	-0.87	-0.85	0.95	0.89	0.93	-0.72	0.9	0.88	-0.53	0.64	0.77	0.94
Common Stock Shares Outstanding	0.73	-0.58	0.66	0.73	-0.86	-0.29	0.79	0.71	0.3	-0.53	-0.13	0.69		-0.6	-0.45	-0.47	0.7	0.66	0.76	-0.1	0.72	0.77	-0.59	0.4	0.89	0.75
Non Current Liabilities Total	-0.84	0.17	-0.71	-0.85	0.82	0.76	-0.88	-0.51	-0.76	-0.17	-0.36	-0.88	-0.6		0.79	0.79	-0.83	-0.72	-0.83	0.63	-0.75	-0.82	0.22	-0.78	-0.61	-0.85
Inventory	-0.79	0.11	-0.86	-0.77	0.77	0.53	-0.82	-0.56	-0.52	0.08	-0.05	-0.87	-0.45	0.79		0.66	-0.82	-0.86	-0.78	0.85	-0.78	-0.68	0.39	-0.74	-0.7	-0.8
Other Current Assets	-0.75	0.04	-0.72	-0.75	0.54	0.71	-0.81	-0.53	-0.71	-0.1	-0.33	-0.85	-0.47	0.79	0.66		-0.69	-0.73	-0.74	0.62	-0.75	-0.67	0.13	-0.66	-0.46	-0.7
Other Stockholder Equity	0.94	-0.39	0.8	0.94	-0.92	-0.76	0.9	0.75	0.76	-0.06	0.35	0.95	0.7	-0.83	-0.82	-0.69		0.8	0.93	-0.68	0.85	0.92	-0.69	0.48	0.78	0.98
Total Liab	0.88	-0.16	1.0	0.86	-0.77	-0.53	0.93	0.83	0.53	-0.2	0.04	0.89	0.66	-0.72	-0.86	-0.73	0.8		0.88	-0.58	0.96	0.8	-0.38	0.67	0.8	0.83
Total Current Assets	1.0	-0.19	0.88	1.0	-0.88	-0.75	0.97	0.78	0.75	-0.03	0.33	0.93	0.76	-0.83	-0.78	-0.74	0.93	0.88		-0.49	0.96	0.98	-0.52	0.49	0.85	0.98
Intangible Assets	-0.52	0.15	-0.57	-0.51	0.5	0.54	-0.53	-0.35	-0.53	-0.09	-0.19	-0.72	-0.1	0.63	0.85	0.62	-0.68	-0.58	-0.49		-0.46	-0.4	0.33	-0.61	-0.31	-0.55
Common Stock	0.96	-0.13	0.96	0.95	-0.79	-0.65	0.96	0.85	0.65	-0.1	0.21	0.9	0.72	-0.75	-0.78	-0.75	0.85	0.96	0.96	-0.46		0.91	-0.42	0.55	0.82	0.91
Net Tangible Assets	0.98	-0.22	0.79	0.99	-0.88	-0.77	0.94	0.75	0.78	0.02	0.41	0.88	0.77	-0.82	-0.68	-0.67	0.92	0.8	0.98	-0.4	0.91		-0.54	0.4	0.82	0.98
Other Assets	-0.51	0.67	-0.4	-0.51	0.65	0.25	-0.43	-0.59	-0.25	0.49	0.01	-0.53	-0.59	0.22	0.39	0.13	-0.69	-0.38	-0.52	0.33	-0.42	-0.54		0.11	-0.65	-0.6
Net Receivables	0.5	-0.12	0.66	0.48	-0.57	-0.32	0.66	0.37	0.32	-0.07	-0.12	0.64	0.4	-0.78	-0.74	-0.66	0.48	0.67	0.49	-0.61	0.55	0.4	0.11		0.42	0.47
Short Term Investments	0.82	-0.34	0.8	0.82	-0.88	-0.29	0.85	0.68	0.3	-0.49	-0.17	0.77	0.89	-0.61	-0.7	-0.46	0.78	0.8	0.85	-0.31	0.82	0.82	-0.65	0.42		0.84
Net Invested Capital	0.99	-0.27	0.83	0.99	-0.92	-0.76	0.95	0.74	0.77	-0.02	0.35	0.94	0.75	-0.85	-0.8	-0.7	0.98	0.83	0.98	-0.55	0.91	0.98	-0.6	0.47	0.84

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Qingdao Foods Account Relationship Matchups

Qingdao Foods fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	496.3M	546.2M	934.2M	1.0B	1.1B	775.0M
Other Current Liab	39.7M	47.2M	35.0M	59.7M	1.3M	1.2M
Total Current Liabilities	76.5M	79.2M	75.3M	94.1M	98.9M	88.8M
Total Stockholder Equity	419.8M	465.7M	857.7M	923.1M	974.6M	685.5M
Property Plant And Equipment Net	50.0M	44.3M	39.9M	36.1M	29.2M	33.3M
Net Debt	(59.8M)	(133.9M)	(460.2M)	(182.6M)	(164.3M)	(172.5M)
Retained Earnings	283.2M	329.0M	358.5M	415.8M	460.0M	366.8M
Accounts Payable	36.7M	32.0M	40.4M	34.3M	52.5M	41.9M
Cash	59.8M	133.9M	460.2M	182.6M	170.3M	168.1M
Non Current Assets Total	78.1M	104.8M	126.9M	93.8M	62.0M	73.6M
Non Currrent Assets Other	10.6M	40.1M	302.9M	39.3M	2.9M	2.8M
Cash And Short Term Investments	358.8M	384.6M	753.5M	845.5M	972.3M	1.0B
Common Stock Shares Outstanding	86.4M	86.4M	91.9M	115.7M	195.0M	114.8M
Liabilities And Stockholders Equity	496.3M	546.2M	934.2M	1.0B	1.2B	707.2M
Non Current Liabilities Total	36.7M	1.3M	1.2M	999.3K	939.3K	892.3K
Inventory	29.3M	26.5M	27.3M	22.0M	26.1M	21.6M
Other Current Assets	718.0K	4.3M	1.8M	30.0M	30.3M	28.8M
Total Liab	76.5M	80.5M	76.5M	95.1M	99.8M	89.5M
Total Current Assets	418.2M	441.4M	807.3M	924.4M	1.0B	673.8M
Intangible Assets	14.6M	14.2M	13.9M	13.6M	15.4M	11.7M

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Other Information on Investing in Qingdao Stock

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

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Qingdao Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

Qingdao Foods fundamental ratios Correlations

Qingdao Foods Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qingdao Foods fundamental ratios Accounts

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Other Information on Investing in Qingdao Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity

Cash	- 1.0	Net Debt
Net Invested Capital	- 0.92	Property Plant And Equipment Net
Other Stockholder Equity	- 0.92	Property Plant And Equipment Net
Non Current Liabilities Total	- 0.88	Cash And Short Term Investments
Non Current Liabilities Total	- 0.88	Retained Earnings
Short Term Investments	- 0.88	Property Plant And Equipment Net