Qifeng Gross Profit vs Operating Income Analysis

002521 Stock

10.65 0.03 0.28%

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

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qifeng New Material Gross Profit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Qifeng New's Gross Profit and Operating Income is 0.85. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Qifeng New Material, assuming nothing else is changed. The correlation between historical values of Qifeng New's Gross Profit 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 Gross Profit of Qifeng New Material 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 Gross Profit i.e., Qifeng New's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Qifeng New Material minus its cost of goods sold. It is profit before Qifeng New 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.

Operating Income

Operating Income is the amount of profit realized from Qifeng New Material 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 Qifeng New Material 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 Qifeng New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qifeng New Material 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 Qifeng New Material. 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 45.5 M. The current year's Tax Provision is expected to grow to about 53 M

	2021	2022	2023	2024 (projected)
Interest Expense	19.6M	20.4M	18.6M	19.1M
Depreciation And Amortization	139.7M	146.2M	163.4M	101.2M

Interest Expense Depreciation And Amortization

Qifeng New fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets
Total Assets		0.06	-0.06	0.64	0.97	0.69	0.94	0.5	0.22	0.97	0.68	-0.2	0.93	0.44	0.13	0.26	0.89	-0.11	0.95	0.61	0.06	0.63	0.25	0.88	0.62	0.97
Short Long Term Debt Total	0.06		-0.34	-0.12	-0.05	-0.22	0.04	0.01	0.41	0.05	-0.12	0.13	0.08	0.07	0.42	0.04	-0.05	-0.06	-0.09	-0.22	0.89	-0.05	0.12	-0.1	0.42	0.05
Other Current Liab	-0.06	-0.34		0.23	-0.11	-0.27	-0.03	-0.15	-0.4	-0.17	-0.1	0.25	-0.07	-0.16	0.31	-0.01	-0.07	0.18	-0.09	-0.09	-0.11	0.31	-0.1	-0.11	0.14	-0.05
Total Current Liabilities	0.64	-0.12	0.23		0.5	0.32	0.5	0.69	0.04	0.68	0.9	-0.11	0.61	0.65	0.21	0.51	0.63	-0.14	0.47	0.24	-0.17	0.47	-0.37	0.3	0.81	0.61
Total Stockholder Equity	0.97	-0.05	-0.11	0.5		0.78	0.95	0.4	0.21	0.93	0.57	-0.25	0.91	0.34	-0.01	0.14	0.87	-0.09	0.99	0.65	-0.06	0.62	0.36	0.96	0.42	0.93
Other Liab	0.69	-0.22	-0.27	0.32	0.78		0.83	0.36	0.54	0.73	0.35	-0.71	0.76	0.18	-0.37	-0.3	0.78	-0.06	0.76	0.41	-0.37	0.32	0.46	0.75	0.07	0.59
Property Plant And Equipment Net	0.94	0.04	-0.03	0.5	0.95	0.83		0.42	0.39	0.9	0.47	-0.4	0.94	0.25	-0.01	-0.05	0.91	-0.09	0.93	0.49	-0.01	0.59	0.42	0.91	0.45	0.86
Current Deferred Revenue	0.5	0.01	-0.15	0.69	0.4	0.36	0.42		0.19	0.57	0.69	-0.21	0.47	0.45	0.15	0.34	0.6	-0.47	0.4	0.16	-0.05	-0.03	-0.26	0.23	0.61	0.48
Net Debt	0.22	0.41	-0.4	0.04	0.21	0.54	0.39	0.19		0.3	0.04	-0.85	0.34	0.01	-0.21	-0.58	0.37	-0.07	0.15	0.03	0.19	-0.09	0.52	0.11	0.15	0.12
Retained Earnings	0.97	0.05	-0.17	0.68	0.93	0.73	0.9	0.57	0.3		0.74	-0.29	0.95	0.54	0.02	0.26	0.85	-0.17	0.89	0.55	-0.01	0.54	0.18	0.81	0.62	0.89
Accounts Payable	0.68	-0.12	-0.1	0.9	0.57	0.35	0.47	0.69	0.04	0.74		-0.11	0.58	0.69	0.14	0.6	0.65	-0.12	0.53	0.42	-0.13	0.32	-0.3	0.37	0.74	0.69
Cash	-0.2	0.13	0.25	-0.11	-0.25	-0.71	-0.4	-0.21	-0.85	-0.29	-0.11		-0.32	0.02	0.48	0.65	-0.43	0.08	-0.21	-0.16	0.31	0.07	-0.49	-0.17	0.08	-0.1
Non Current Assets Total	0.93	0.08	-0.07	0.61	0.91	0.76	0.94	0.47	0.34	0.95	0.58	-0.32		0.45	-0.07	0.09	0.83	-0.22	0.87	0.38	-0.02	0.6	0.23	0.83	0.55	0.8
Non Currrent Assets Other	0.44	0.07	-0.16	0.65	0.34	0.18	0.25	0.45	0.01	0.54	0.69	0.02	0.45		-0.02	0.55	0.24	-0.41	0.32	0.22	-0.08	0.45	-0.41	0.18	0.56	0.4
Other Assets	0.13	0.42	0.31	0.21	-0.01	-0.37	-0.01	0.15	-0.21	0.02	0.14	0.48	-0.07	-0.02		0.38	0.02	0.33	-0.03	0.13	0.63	0.09	0.01	-0.06	0.55	0.26
Cash And Short Term Investments	0.26	0.04	-0.01	0.51	0.14	-0.3	-0.05	0.34	-0.58	0.26	0.6	0.65	0.09	0.55	0.38		0.03	-0.07	0.15	0.22	0.1	0.22	-0.68	0.04	0.52	0.35
Net Receivables	0.89	-0.05	-0.07	0.63	0.87	0.78	0.91	0.6	0.37	0.85	0.65	-0.43	0.83	0.24	0.02	0.03		-0.05	0.87	0.44	-0.07	0.43	0.27	0.78	0.53	0.86
Good Will	-0.11	-0.06	0.18	-0.14	-0.09	-0.06	-0.09	-0.47	-0.07	-0.17	-0.12	0.08	-0.22	-0.41	0.33	-0.07	-0.05		-0.14	0.01	0.1	-0.01	0.25	-0.08	-0.12	-0.02
Common Stock Shares Outstanding	0.95	-0.09	-0.09	0.47	0.99	0.76	0.93	0.4	0.15	0.89	0.53	-0.21	0.87	0.32	-0.03	0.15	0.87	-0.14		0.65	-0.1	0.63	0.32	0.96	0.37	0.93
Short Term Investments	0.61	-0.22	-0.09	0.24	0.65	0.41	0.49	0.16	0.03	0.55	0.42	-0.16	0.38	0.22	0.13	0.22	0.44	0.01	0.65		-0.07	0.32	0.43	0.6	0.18	0.71
Non Current Liabilities Total	0.06	0.89	-0.11	-0.17	-0.06	-0.37	-0.01	-0.05	0.19	-0.01	-0.13	0.31	-0.02	-0.08	0.63	0.1	-0.07	0.1	-0.1	-0.07		-0.12	0.22	-0.1	0.44	0.11
Inventory	0.63	-0.05	0.31	0.47	0.62	0.32	0.59	-0.03	-0.09	0.54	0.32	0.07	0.6	0.45	0.09	0.22	0.43	-0.01	0.63	0.32	-0.12		0.01	0.61	0.36	0.6
Other Current Assets	0.25	0.12	-0.1	-0.37	0.36	0.46	0.42	-0.26	0.52	0.18	-0.3	-0.49	0.23	-0.41	0.01	-0.68	0.27	0.25	0.32	0.43	0.22	0.01		0.43	-0.22	0.24
Other Stockholder Equity	0.88	-0.1	-0.11	0.3	0.96	0.75	0.91	0.23	0.11	0.81	0.37	-0.17	0.83	0.18	-0.06	0.04	0.78	-0.08	0.96	0.6	-0.1	0.61	0.43		0.21	0.84
Total Liab	0.62	0.42	0.14	0.81	0.42	0.07	0.45	0.61	0.15	0.62	0.74	0.08	0.55	0.56	0.55	0.52	0.53	-0.12	0.37	0.18	0.44	0.36	-0.22	0.21		0.62
Total Current Assets	0.97	0.05	-0.05	0.61	0.93	0.59	0.86	0.48	0.12	0.89	0.69	-0.1	0.8	0.4	0.26	0.35	0.86	-0.02	0.93	0.71	0.11	0.6	0.24	0.84	0.62

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Qifeng New Account Relationship Matchups

Qifeng New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.3B	4.7B	5.1B	4.7B	5.0B	3.8B
Short Long Term Debt Total	380.5M	450.6M	457.7M	596.4M	552.0M	557.6M
Other Current Liab	33.0M	6.1M	6.4M	77.7M	2.5M	2.4M
Total Current Liabilities	841.8M	1.2B	1.5B	1.2B	1.3B	964.8M
Total Stockholder Equity	3.5B	3.5B	3.6B	3.5B	3.7B	2.8B
Other Liab	18.2M	17.0M	14.3M	15.7M	18.0M	11.0M
Property Plant And Equipment Net	1.3B	1.2B	1.2B	1.3B	1.4B	1.1B
Current Deferred Revenue	54.4M	110.6M	111.7M	25.3M	99.4M	104.4M
Net Debt	226.6M	5.5M	(92.0M)	177.7M	86.4M	90.8M
Retained Earnings	863.6M	973.5M	1.1B	1.0B	1.2B	698.7M
Accounts Payable	374.0M	681.3M	888.8M	471.7M	610.5M	347.5M
Cash	153.9M	445.1M	549.7M	418.6M	465.6M	415.9M
Non Current Assets Total	1.4B	1.4B	1.5B	1.7B	2.2B	1.3B
Non Currrent Assets Other	9.4M	30.2M	950.0M	761.2M	537.7M	564.5M
Cash And Short Term Investments	153.9M	1.4B	1.4B	1.1B	881.2M	757.4M
Net Receivables	1.6B	1.6B	1.5B	1.2B	1.4B	1.1B
Common Stock Shares Outstanding	501.6M	486.3M	494.7M	494.7M	493.3M	469.7M
Short Term Investments	792.1M	922.0M	887.4M	642.1M	415.6M	668.8M
Liabilities And Stockholders Equity	4.3B	4.7B	5.1B	4.7B	5.0B	3.8B
Non Current Liabilities Total	17.0M	14.3M	20.0M	15.8M	13.0M	12.3M
Inventory	409.4M	336.5M	505.3M	684.8M	447.1M	436.9M
Other Current Assets	806.9M	13.1M	37.2M	30.9M	28.8M	27.4M
Other Stockholder Equity	2.1B	2.0B	1.9B	1.9B	2.1B	1.7B
Total Liab	858.9M	1.3B	1.5B	1.2B	1.3B	1.0B
Total Current Assets	2.9B	3.3B	3.5B	3.0B	2.8B	2.6B
Short Term Debt	380.5M	450.6M	453.3M	594.9M	552.0M	502.7M
Intangible Assets	112.0M	109.2M	106.3M	120.0M	117.0M	99.5M
Property Plant Equipment	1.4B	1.3B	1.2B	1.2B	1.4B	1.0B
Net Tangible Assets	3.3B	3.4B	3.4B	3.5B	4.0B	3.7B
Deferred Long Term Liab	163.5K	2.6M	2.4M	2.0M	2.3M	1.4M
Short Long Term Debt	380.5M	450.6M	450.6M	592.0M	550.6M	547.9M
Net Invested Capital	3.9B	3.9B	4.0B	4.1B	4.3B	4.4B
Net Working Capital	2.1B	2.1B	2.1B	1.8B	1.5B	1.5B

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

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Qifeng Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Qifeng New fundamental ratios Correlations

Qifeng New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qifeng New fundamental ratios Accounts

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Other Information on Investing in Qifeng Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Shares Outstanding	+ 0.99	Total Stockholder Equity
Total Stockholder Equity	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Assets
Other Stockholder Equity	+ 0.96	Total Stockholder Equity
Other Stockholder Equity	+ 0.96	Common Stock Shares Outstanding

Cash	- 0.85	Net Debt
Cash	- 0.71	Other Liab
Other Current Assets	- 0.68	Cash And Short Term Investments
Cash And Short Term Investments	- 0.58	Net Debt
Other Current Assets	- 0.49	Cash
Good Will	- 0.47	Current Deferred Revenue