Tongyu Net Income vs Income Before Tax Analysis

002792 Stock

16.53 0.50 2.94%

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

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tongyu Communication Net Income account and Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tongyu Communication's Net Income and Income Before Tax is 0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Tongyu Communication, assuming nothing else is changed. The correlation between historical values of Tongyu Communication's Net Income 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 Net Income of Tongyu Communication 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 Net Income i.e., Tongyu Communication's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Tongyu Communication financial statement analysis. It represents the amount of money remaining after all of Tongyu Communication operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Tongyu Communication income statement and is an important metric when analyzing Tongyu Communication 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 Tongyu Communication's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tongyu Communication 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 Tongyu Communication. 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 136 M. The current year's Tax Provision is expected to grow to about 11.3 M

	2021	2022	2023	2024 (projected)
Operating Income	64.3M	43.3M	20.6M	19.5M
Total Revenue	1.4B	1.4B	1.3B	1.2B

Operating Income Total Revenue

Tongyu Communication fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Good Will	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		-0.21	0.89	0.98	0.89	0.96	0.86	0.75	0.84	0.82	0.9	0.79	0.9	0.35	0.86	0.94	0.9	0.34	0.57	0.92	0.86	0.33	0.52	-0.72	0.52	0.65
Other Current Liab	-0.21		-0.05	-0.26	-0.25	-0.18	-0.03	0.16	-0.48	0.01	-0.06	-0.1	-0.05	0.2	-0.48	-0.3	-0.37	-0.51	-0.38	-0.32	-0.37	-0.54	0.16	0.55	-0.46	-0.4
Total Current Liabilities	0.89	-0.05		0.81	0.86	0.91	0.99	0.79	0.69	0.95	0.93	0.75	1.0	0.42	0.69	0.81	0.64	0.08	0.33	0.72	0.69	0.13	0.54	-0.54	0.28	0.37
Total Stockholder Equity	0.98	-0.26	0.81		0.84	0.92	0.76	0.68	0.86	0.72	0.85	0.76	0.81	0.29	0.87	0.94	0.95	0.43	0.64	0.94	0.87	0.4	0.47	-0.75	0.6	0.73
Other Liab	0.89	-0.25	0.86	0.84		0.83	0.84	0.73	0.68	0.81	0.83	0.69	0.87	0.54	0.75	0.91	0.72	0.14	0.43	0.77	0.8	0.19	0.51	-0.59	0.36	0.43
Retained Earnings	0.96	-0.18	0.91	0.92	0.83		0.87	0.74	0.74	0.85	0.87	0.81	0.91	0.4	0.76	0.89	0.78	0.25	0.46	0.82	0.78	0.2	0.52	-0.6	0.35	0.48
Accounts Payable	0.86	-0.03	0.99	0.76	0.84	0.87		0.8	0.66	0.95	0.93	0.74	0.99	0.41	0.66	0.78	0.58	0.02	0.26	0.68	0.65	0.07	0.58	-0.52	0.2	0.32
Cash	0.75	0.16	0.79	0.68	0.73	0.74	0.8		0.51	0.87	0.76	0.83	0.8	0.6	0.53	0.74	0.52	-0.23	0.24	0.66	0.62	-0.11	0.65	-0.34	0.03	0.22
Other Assets	0.84	-0.48	0.69	0.86	0.68	0.74	0.66	0.51		0.56	0.74	0.61	0.69	0.0	0.98	0.79	0.91	0.66	0.73	0.94	0.87	0.67	0.34	-0.95	0.73	0.87
Net Receivables	0.82	0.01	0.95	0.72	0.81	0.85	0.95	0.87	0.56		0.87	0.76	0.94	0.57	0.59	0.76	0.54	-0.1	0.3	0.63	0.63	0.02	0.46	-0.39	0.16	0.23
Inventory	0.9	-0.06	0.93	0.85	0.83	0.87	0.93	0.76	0.74	0.87		0.8	0.94	0.4	0.72	0.78	0.7	0.2	0.39	0.76	0.67	0.16	0.55	-0.57	0.31	0.5
Other Current Assets	0.79	-0.1	0.75	0.76	0.69	0.81	0.74	0.83	0.61	0.76	0.8		0.76	0.51	0.57	0.72	0.61	0.0	0.28	0.69	0.57	0.03	0.58	-0.37	0.19	0.36
Total Liab	0.9	-0.05	1.0	0.81	0.87	0.91	0.99	0.8	0.69	0.94	0.94	0.76		0.43	0.7	0.82	0.64	0.08	0.32	0.73	0.7	0.11	0.57	-0.55	0.26	0.37
Intangible Assets	0.35	0.2	0.42	0.29	0.54	0.4	0.41	0.6	0.0	0.57	0.4	0.51	0.43		0.13	0.33	0.1	-0.31	0.06	0.19	0.17	-0.22	0.12	0.2	-0.23	-0.25
Common Stock	0.86	-0.48	0.69	0.87	0.75	0.76	0.66	0.53	0.98	0.59	0.72	0.57	0.7	0.13		0.83	0.93	0.66	0.79	0.96	0.91	0.69	0.28	-0.94	0.73	0.83
Property Plant Equipment	0.94	-0.3	0.81	0.94	0.91	0.89	0.78	0.74	0.79	0.76	0.78	0.72	0.82	0.33	0.83		0.87	0.25	0.57	0.89	0.93	0.29	0.55	-0.72	0.5	0.61
Net Tangible Assets	0.9	-0.37	0.64	0.95	0.72	0.78	0.58	0.52	0.91	0.54	0.7	0.61	0.64	0.1	0.93	0.87		0.62	0.78	0.96	0.9	0.62	0.31	-0.86	0.79	0.88
Short Term Investments	0.34	-0.51	0.08	0.43	0.14	0.25	0.02	-0.23	0.66	-0.1	0.2	0.0	0.08	-0.31	0.66	0.25	0.62		0.74	0.53	0.46	0.89	-0.26	-0.71	0.78	0.8
Other Stockholder Equity	0.57	-0.38	0.33	0.64	0.43	0.46	0.26	0.24	0.73	0.3	0.39	0.28	0.32	0.06	0.79	0.57	0.78	0.74		0.71	0.77	0.85	-0.21	-0.73	0.82	0.83
Total Current Assets	0.92	-0.32	0.72	0.94	0.77	0.82	0.68	0.66	0.94	0.63	0.76	0.69	0.73	0.19	0.96	0.89	0.96	0.53	0.71		0.92	0.54	0.45	-0.87	0.66	0.81
Non Current Assets Total	0.86	-0.37	0.69	0.87	0.8	0.78	0.65	0.62	0.87	0.63	0.67	0.57	0.7	0.17	0.91	0.93	0.9	0.46	0.77	0.92		0.55	0.38	-0.85	0.67	0.76
Non Currrent Assets Other	0.33	-0.54	0.13	0.4	0.19	0.2	0.07	-0.11	0.67	0.02	0.16	0.03	0.11	-0.22	0.69	0.29	0.62	0.89	0.85	0.54	0.55		-0.41	-0.72	0.89	0.79
Non Current Liabilities Total	0.52	0.16	0.54	0.47	0.51	0.52	0.58	0.65	0.34	0.46	0.55	0.58	0.57	0.12	0.28	0.55	0.31	-0.26	-0.21	0.45	0.38	-0.41		-0.28	-0.2	0.12
Good Will	-0.72	0.55	-0.54	-0.75	-0.59	-0.6	-0.52	-0.34	-0.95	-0.39	-0.57	-0.37	-0.55	0.2	-0.94	-0.72	-0.86	-0.71	-0.73	-0.87	-0.85	-0.72	-0.28		-0.77	-0.88
Common Stock Shares Outstanding	0.52	-0.46	0.28	0.6	0.36	0.35	0.2	0.03	0.73	0.16	0.31	0.19	0.26	-0.23	0.73	0.5	0.79	0.78	0.82	0.66	0.67	0.89	-0.2	-0.77		0.89
Net Invested Capital	0.65	-0.4	0.37	0.73	0.43	0.48	0.32	0.22	0.87	0.23	0.5	0.36	0.37	-0.25	0.83	0.61	0.88	0.8	0.83	0.81	0.76	0.79	0.12	-0.88	0.89

Click cells to compare fundamentals

Tongyu Communication Account Relationship Matchups

Tongyu Communication fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	3.2B	3.8B	3.6B	3.7B	2.4B
Other Current Liab	31.6M	34.2M	54.1M	43.4M	17.5M	16.6M
Total Current Liabilities	1.0B	976.7M	1.0B	749.0M	877.4M	729.7M
Total Stockholder Equity	2.0B	2.0B	2.7B	2.8B	2.8B	1.6B
Other Liab	69.3M	66.1M	62.3M	57.3M	65.9M	50.4M
Retained Earnings	989.0M	1.1B	993.0M	1.1B	969.2M	731.0M
Accounts Payable	948.9M	844.3M	911.9M	614.9M	675.0M	614.9M
Cash	1.2B	683.3M	1.4B	640.7M	463.0M	702.9M
Other Assets	45.7M	53.7M	81.3M	64.4M	74.0M	77.7M
Net Receivables	871.1M	579.0M	750.8M	499.1M	598.0M	560.2M
Inventory	409.5M	398.9M	526.7M	428.1M	370.3M	341.5M
Other Current Assets	40.1M	40.5M	85.3M	39.0M	34.0M	36.1M
Total Liab	1.1B	1.1B	1.1B	813.5M	911.8M	784.4M
Intangible Assets	52.6M	39.7M	36.2M	33.6M	31.3M	48.2M
Common Stock	225.8M	225.2M	337.8M	402.1M	462.4M	485.5M
Property Plant Equipment	444.2M	410.7M	459.7M	423.1M	486.5M	291.3M
Net Tangible Assets	1.9B	1.9B	2.6B	2.7B	3.1B	2.1B
Short Term Investments	215.3K	563.9M	373.3M	1.2B	1.2B	1.2B
Other Stockholder Equity	(1.2M)	(7.2M)	345.3K	8.7M	10.0M	10.5M
Total Current Assets	2.5B	2.6B	3.2B	2.9B	3.0B	2.8B
Non Current Assets Total	601.7M	568.0M	646.3M	644.7M	728.2M	642.5M
Non Currrent Assets Other	384.3K	13.0M	34.3M	69.0M	149.8M	157.3M
Non Current Liabilities Total	69.3M	93.1M	97.6M	64.4M	34.4M	32.6M
Net Invested Capital	2.0B	2.1B	2.7B	2.8B	2.9B	2.6B
Net Working Capital	1.5B	1.6B	2.2B	2.2B	2.1B	2.0B
Deferred Long Term Liab	1.5M	974.0K	4.1M	7.2M	8.2M	8.6M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

V	Visa Class A
GOOG	Alphabet Inc Class C
GOOG	Alphabet Inc Class C

Other Information on Investing in Tongyu Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Tongyu Net Income vs Income Before Tax Analysis

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Net Income

Income Before Tax

Tongyu Communication fundamental ratios Correlations

Tongyu Communication Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tongyu Communication fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Tongyu Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Total Stockholder Equity	+ 0.98	Total Assets
Common Stock	+ 0.98	Other Assets
Retained Earnings	+ 0.96	Total Assets

Good Will	- 0.95	Other Assets
Good Will	- 0.94	Common Stock
Net Invested Capital	- 0.88	Good Will
Good Will	- 0.87	Total Current Assets
Good Will	- 0.86	Net Tangible Assets
Good Will	- 0.85	Non Current Assets Total