Everjoy Income Before Tax vs Operating Income Analysis

002162 Stock   3.95  0.05  1.25%   
Everjoy Health financial indicator trend analysis is much more than just examining Everjoy Health Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Everjoy Health Group is a good investment. Please check the relationship between Everjoy Health Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Everjoy Health Group. 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 Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Everjoy Health Group Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Everjoy Health's Income Before Tax and Operating Income is 0.61. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Everjoy Health Group, assuming nothing else is changed. The correlation between historical values of Everjoy Health's Income Before Tax 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 Income Before Tax of Everjoy Health Group 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 Income Before Tax i.e., Everjoy Health's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from Everjoy Health Group 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 Everjoy Health Group 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 Everjoy Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Everjoy Health Group 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 Everjoy Health Group. 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 265 M, whereas Tax Provision is projected to grow to (8.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit339.8M251.0M286.9M336.8M
Research Development13.5M11.7M10.2M11.4M

Everjoy Health fundamental ratios Correlations

0.020.450.890.65-0.280.810.770.780.470.83-0.93-0.210.330.870.320.74-0.260.580.620.640.660.430.610.550.58
0.020.64-0.32-0.560.090.1-0.29-0.33-0.270.020.040.48-0.510.38-0.37-0.470.55-0.21-0.37-0.45-0.3-0.41-0.15-0.55-0.33
0.450.640.05-0.17-0.450.33-0.040.17-0.330.29-0.460.38-0.150.78-0.17-0.050.53-0.16-0.19-0.25-0.21-0.1-0.1-0.17-0.17
0.89-0.320.050.82-0.040.690.820.790.540.82-0.79-0.360.40.560.530.86-0.530.710.780.770.780.610.710.730.72
0.65-0.56-0.170.82-0.080.480.730.780.420.47-0.61-0.60.380.310.530.97-0.750.620.660.810.720.720.50.860.57
-0.280.09-0.45-0.04-0.08-0.31-0.23-0.41-0.09-0.020.450.24-0.42-0.490.3-0.16-0.190.31-0.03-0.140.10.080.11-0.090.05
0.810.10.330.690.48-0.310.810.660.530.83-0.83-0.450.420.740.040.56-0.340.340.720.670.60.060.770.330.47
0.77-0.29-0.040.820.73-0.230.810.70.690.72-0.79-0.60.570.520.090.79-0.530.510.90.870.780.320.810.590.66
0.78-0.330.170.790.78-0.410.660.70.370.59-0.76-0.630.550.580.420.78-0.610.540.690.790.690.530.570.730.69
0.47-0.27-0.330.540.42-0.090.530.690.370.37-0.51-0.340.520.260.00.46-0.350.60.560.750.770.120.590.330.58
0.830.020.290.820.47-0.020.830.720.590.37-0.73-0.220.230.640.360.54-0.310.440.720.510.540.210.780.350.56
-0.930.04-0.46-0.79-0.610.45-0.83-0.79-0.76-0.51-0.730.25-0.49-0.86-0.1-0.710.2-0.51-0.62-0.68-0.65-0.38-0.6-0.54-0.54
-0.210.480.38-0.36-0.60.24-0.45-0.6-0.63-0.34-0.220.25-0.510.02-0.09-0.550.8-0.16-0.68-0.71-0.47-0.21-0.51-0.53-0.44
0.33-0.51-0.150.40.38-0.420.420.570.550.520.23-0.49-0.510.17-0.20.37-0.230.290.640.620.50.050.520.360.56
0.870.380.780.560.31-0.490.740.520.580.260.64-0.860.020.170.020.440.120.290.30.340.360.150.350.210.28
0.32-0.37-0.170.530.530.30.040.090.420.00.36-0.1-0.09-0.20.020.45-0.560.430.140.230.290.530.110.430.26
0.74-0.47-0.050.860.97-0.160.560.790.780.460.54-0.71-0.550.370.440.45-0.660.60.690.820.710.740.490.880.52
-0.260.550.53-0.53-0.75-0.19-0.34-0.53-0.61-0.35-0.310.20.8-0.230.12-0.56-0.66-0.5-0.62-0.75-0.65-0.48-0.53-0.67-0.53
0.58-0.21-0.160.710.620.310.340.510.540.60.44-0.51-0.160.290.290.430.6-0.50.540.720.890.580.590.60.8
0.62-0.37-0.190.780.66-0.030.720.90.690.560.72-0.62-0.680.640.30.140.69-0.620.540.850.770.310.890.60.76
0.64-0.45-0.250.770.81-0.140.670.870.790.750.51-0.68-0.710.620.340.230.82-0.750.720.850.920.480.750.750.76
0.66-0.3-0.210.780.720.10.60.780.690.770.54-0.65-0.470.50.360.290.71-0.650.890.770.920.440.780.620.83
0.43-0.41-0.10.610.720.080.060.320.530.120.21-0.38-0.210.050.150.530.74-0.480.580.310.480.440.150.920.43
0.61-0.15-0.10.710.50.110.770.810.570.590.78-0.6-0.510.520.350.110.49-0.530.590.890.750.780.150.390.82
0.55-0.55-0.170.730.86-0.090.330.590.730.330.35-0.54-0.530.360.210.430.88-0.670.60.60.750.620.920.390.58
0.58-0.33-0.170.720.570.050.470.660.690.580.56-0.54-0.440.560.280.260.52-0.530.80.760.760.830.430.820.58
Click cells to compare fundamentals

Everjoy Health Account Relationship Matchups

Everjoy Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.5B2.7B2.5B2.4B2.1B
Other Current Liab121.6M180.3M148.3M139.7M8.9M8.5M
Total Current Liabilities936.9M1.1B973.9M954.0M845.0M943.8M
Total Stockholder Equity977.7M1.0B1.3B1.0B992.5M887.7M
Other Liab144.6M148.6M151.7M160.5M184.6M98.6M
Retained Earnings(75.7M)(18.5M)27.6M(250.8M)(273.4M)(259.8M)
Accounts Payable256.1M392.3M371.9M394.8M402.9M260.9M
Cash237.8M224.5M346.9M336.4M346.9M210.4M
Other Assets794.1M815.8M846.8M927.0M1.1B1.1B
Long Term Debt266.3M247.1M228.8M303.8M312.8M190.5M
Net Receivables188.5M272.1M372.8M258.6M218.6M190.5M
Inventory360.5M334.9M320.1M237.7M195.1M269.9M
Other Current Assets23.5M26.2M28.9M22.3M46.3M48.6M
Total Liab1.3B1.5B1.4B1.5B1.3B1.2B
Intangible Assets69.9M66.2M65.4M43.6M33.2M43.5M
Property Plant Equipment532.1M495.7M542.2M437.7M394.0M558.3M
Net Tangible Assets840.0M907.6M1.2B944.1M1.1B957.0M
Other Stockholder Equity128.2M128.2M129.0M135.1M155.4M125.5M
Deferred Long Term Liab28.3M27.0M28.1M22.3M25.7M20.9M
Short Long Term Debt505.6M410.2M399.1M339.8M202.4M326.4M
Total Current Assets823.0M961.2M1.1B942.7M887.3M917.1M
Non Current Assets Total1.5B1.5B1.6B1.5B1.5B1.7B
Non Currrent Assets Other8.5M6.7M2.7M51.3M26.5M20.3M
Non Current Liabilities Total410.9M395.7M447.4M519.3M500.2M427.0M
Non Current Liabilities Other52.0M282.9M266.3M3.8M3.0M2.8M
Net Debt534.1M432.8M281.0M307.2M168.2M320.8M
Net Invested Capital1.7B1.7B1.9B1.6B1.5B1.3B
Net Working Capital(113.9M)(98.3M)94.8M(11.3M)42.3M44.4M

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Other Information on Investing in Everjoy Stock

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