Tongyu Operating Income vs Interest Income 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 Operating Income and its Interest Income 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.

Operating Income vs Interest Income

Operating Income vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tongyu Communication Operating Income account and Interest Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tongyu Communication's Operating Income and Interest Income is -0.16. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Income 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 Operating Income and Interest 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 Operating Income of Tongyu Communication are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Operating Income i.e., Tongyu Communication's Operating Income and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from Tongyu Communication 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 Tongyu Communication 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.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
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 Income64.3M43.3M20.6M19.5M
Total Revenue1.4B1.4B1.3B1.2B

Tongyu Communication fundamental ratios Correlations

-0.210.890.980.890.960.860.750.840.820.90.790.90.350.860.940.90.340.570.920.860.330.52-0.720.520.65
-0.21-0.05-0.26-0.25-0.18-0.030.16-0.480.01-0.06-0.1-0.050.2-0.48-0.3-0.37-0.51-0.38-0.32-0.37-0.540.160.55-0.46-0.4
0.89-0.050.810.860.910.990.790.690.950.930.751.00.420.690.810.640.080.330.720.690.130.54-0.540.280.37
0.98-0.260.810.840.920.760.680.860.720.850.760.810.290.870.940.950.430.640.940.870.40.47-0.750.60.73
0.89-0.250.860.840.830.840.730.680.810.830.690.870.540.750.910.720.140.430.770.80.190.51-0.590.360.43
0.96-0.180.910.920.830.870.740.740.850.870.810.910.40.760.890.780.250.460.820.780.20.52-0.60.350.48
0.86-0.030.990.760.840.870.80.660.950.930.740.990.410.660.780.580.020.260.680.650.070.58-0.520.20.32
0.750.160.790.680.730.740.80.510.870.760.830.80.60.530.740.52-0.230.240.660.62-0.110.65-0.340.030.22
0.84-0.480.690.860.680.740.660.510.560.740.610.690.00.980.790.910.660.730.940.870.670.34-0.950.730.87
0.820.010.950.720.810.850.950.870.560.870.760.940.570.590.760.54-0.10.30.630.630.020.46-0.390.160.23
0.9-0.060.930.850.830.870.930.760.740.870.80.940.40.720.780.70.20.390.760.670.160.55-0.570.310.5
0.79-0.10.750.760.690.810.740.830.610.760.80.760.510.570.720.610.00.280.690.570.030.58-0.370.190.36
0.9-0.051.00.810.870.910.990.80.690.940.940.760.430.70.820.640.080.320.730.70.110.57-0.550.260.37
0.350.20.420.290.540.40.410.60.00.570.40.510.430.130.330.1-0.310.060.190.17-0.220.120.2-0.23-0.25
0.86-0.480.690.870.750.760.660.530.980.590.720.570.70.130.830.930.660.790.960.910.690.28-0.940.730.83
0.94-0.30.810.940.910.890.780.740.790.760.780.720.820.330.830.870.250.570.890.930.290.55-0.720.50.61
0.9-0.370.640.950.720.780.580.520.910.540.70.610.640.10.930.870.620.780.960.90.620.31-0.860.790.88
0.34-0.510.080.430.140.250.02-0.230.66-0.10.20.00.08-0.310.660.250.620.740.530.460.89-0.26-0.710.780.8
0.57-0.380.330.640.430.460.260.240.730.30.390.280.320.060.790.570.780.740.710.770.85-0.21-0.730.820.83
0.92-0.320.720.940.770.820.680.660.940.630.760.690.730.190.960.890.960.530.710.920.540.45-0.870.660.81
0.86-0.370.690.870.80.780.650.620.870.630.670.570.70.170.910.930.90.460.770.920.550.38-0.850.670.76
0.33-0.540.130.40.190.20.07-0.110.670.020.160.030.11-0.220.690.290.620.890.850.540.55-0.41-0.720.890.79
0.520.160.540.470.510.520.580.650.340.460.550.580.570.120.280.550.31-0.26-0.210.450.38-0.41-0.28-0.20.12
-0.720.55-0.54-0.75-0.59-0.6-0.52-0.34-0.95-0.39-0.57-0.37-0.550.2-0.94-0.72-0.86-0.71-0.73-0.87-0.85-0.72-0.28-0.77-0.88
0.52-0.460.280.60.360.350.20.030.730.160.310.190.26-0.230.730.50.790.780.820.660.670.89-0.2-0.770.89
0.65-0.40.370.730.430.480.320.220.870.230.50.360.37-0.250.830.610.880.80.830.810.760.790.12-0.880.89
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Tongyu Communication Account Relationship Matchups

Tongyu Communication fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.2B3.8B3.6B3.7B2.4B
Other Current Liab31.6M34.2M54.1M43.4M17.5M16.6M
Total Current Liabilities1.0B976.7M1.0B749.0M877.4M729.7M
Total Stockholder Equity2.0B2.0B2.7B2.8B2.8B1.6B
Other Liab69.3M66.1M62.3M57.3M65.9M50.4M
Retained Earnings989.0M1.1B993.0M1.1B969.2M731.0M
Accounts Payable948.9M844.3M911.9M614.9M675.0M614.9M
Cash1.2B683.3M1.4B640.7M463.0M702.9M
Other Assets45.7M53.7M81.3M64.4M74.0M77.7M
Net Receivables871.1M579.0M750.8M499.1M598.0M560.2M
Inventory409.5M398.9M526.7M428.1M370.3M341.5M
Other Current Assets40.1M40.5M85.3M39.0M34.0M36.1M
Total Liab1.1B1.1B1.1B813.5M911.8M784.4M
Intangible Assets52.6M39.7M36.2M33.6M31.3M48.2M
Common Stock225.8M225.2M337.8M402.1M462.4M485.5M
Property Plant Equipment444.2M410.7M459.7M423.1M486.5M291.3M
Net Tangible Assets1.9B1.9B2.6B2.7B3.1B2.1B
Short Term Investments215.3K563.9M373.3M1.2B1.2B1.2B
Other Stockholder Equity(1.2M)(7.2M)345.3K8.7M10.0M10.5M
Total Current Assets2.5B2.6B3.2B2.9B3.0B2.8B
Non Current Assets Total601.7M568.0M646.3M644.7M728.2M642.5M
Non Currrent Assets Other384.3K13.0M34.3M69.0M149.8M157.3M
Non Current Liabilities Total69.3M93.1M97.6M64.4M34.4M32.6M
Net Invested Capital2.0B2.1B2.7B2.8B2.9B2.6B
Net Working Capital1.5B1.6B2.2B2.2B2.1B2.0B
Deferred Long Term Liab1.5M974.0K4.1M7.2M8.2M8.6M

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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.