Jiamei Ebitda vs Gross Profit Analysis

002969 Stock   3.62  0.06  1.63%   
Jiamei Food financial indicator trend analysis is infinitely more than just investigating Jiamei Food Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiamei Food Packaging is a good investment. Please check the relationship between Jiamei Food Ebitda and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiamei Food Packaging. 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.

Ebitda vs Gross Profit

Ebitda vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiamei Food Packaging Ebitda account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.
Gross ProfitDiversified AwayEbitdaGross ProfitDiversified Away100%
The correlation between Jiamei Food's Ebitda and Gross Profit is 0.63. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Jiamei Food Packaging, assuming nothing else is changed. The correlation between historical values of Jiamei Food's Ebitda and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Jiamei Food Packaging are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Ebitda i.e., Jiamei Food's Ebitda and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Ebitda

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Jiamei Food Packaging minus its cost of goods sold. It is profit before Jiamei Food 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.
Most indicators from Jiamei Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiamei Food Packaging 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 Jiamei Food Packaging. 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 69.4 M, whereas Tax Provision is forecasted to decline to about 34.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit426.9M263.6M464.1M353.2M
Total Revenue3.5B3.0B3.2B3.1B

Jiamei Food fundamental ratios Correlations

-0.430.350.950.940.930.340.930.620.870.70.810.180.66-0.760.330.96-0.50.760.9-0.940.95-0.13-0.760.650.88
-0.430.06-0.37-0.45-0.38-0.34-0.280.03-0.58-0.22-0.58-0.19-0.620.15-0.19-0.180.46-0.35-0.250.48-0.270.360.31-0.23-0.4
0.350.060.350.30.33-0.220.560.80.030.09-0.16-0.52-0.09-0.57-0.470.390.030.320.21-0.380.51-0.15-0.410.580.28
0.95-0.370.350.910.990.320.870.640.850.530.74-0.050.51-0.840.110.92-0.660.520.95-0.880.88-0.21-0.810.710.97
0.94-0.450.30.910.920.440.820.480.910.710.820.210.62-0.70.360.9-0.490.670.93-0.910.83-0.21-0.680.50.86
0.93-0.380.330.990.920.350.840.610.860.520.74-0.030.52-0.830.140.9-0.660.490.96-0.870.85-0.21-0.780.660.97
0.34-0.34-0.220.320.440.350.330.00.380.640.540.160.120.230.230.280.00.050.31-0.080.26-0.760.26-0.370.16
0.93-0.280.560.870.820.840.330.810.640.670.61-0.010.51-0.710.130.93-0.290.720.76-0.810.99-0.23-0.650.640.76
0.620.030.80.640.480.610.00.810.240.320.07-0.290.19-0.7-0.20.66-0.10.430.48-0.530.78-0.09-0.510.620.53
0.87-0.580.030.850.910.860.380.640.240.640.920.290.61-0.630.420.78-0.710.580.89-0.860.66-0.15-0.70.50.84
0.7-0.220.090.530.710.520.640.670.320.640.70.50.39-0.190.60.710.010.70.58-0.520.64-0.25-0.150.020.35
0.81-0.58-0.160.740.820.740.540.610.070.920.70.360.62-0.390.490.73-0.580.590.78-0.740.63-0.25-0.530.340.71
0.18-0.19-0.52-0.050.21-0.030.16-0.01-0.290.290.50.360.610.180.980.120.220.510.11-0.190.070.440.12-0.35-0.06
0.66-0.62-0.090.510.620.520.120.510.190.610.390.620.61-0.40.670.52-0.240.730.51-0.730.60.26-0.50.320.56
-0.760.15-0.57-0.84-0.7-0.830.23-0.71-0.7-0.63-0.19-0.390.18-0.40.06-0.780.63-0.47-0.80.85-0.74-0.190.94-0.9-0.88
0.33-0.19-0.470.110.360.140.230.13-0.20.420.60.490.980.670.060.290.140.590.28-0.320.220.40.0-0.250.1
0.96-0.180.390.920.90.90.280.930.660.780.710.730.120.52-0.780.29-0.420.720.91-0.880.94-0.06-0.740.640.85
-0.50.460.03-0.66-0.49-0.660.0-0.29-0.1-0.710.01-0.580.22-0.240.630.14-0.42-0.04-0.630.56-0.290.110.74-0.67-0.77
0.76-0.350.320.520.670.490.050.720.430.580.70.590.510.73-0.470.590.72-0.040.51-0.780.760.21-0.530.440.45
0.9-0.250.210.950.930.960.310.760.480.890.580.780.110.51-0.80.280.91-0.630.51-0.870.79-0.07-0.760.590.94
-0.940.48-0.38-0.88-0.91-0.87-0.08-0.81-0.53-0.86-0.52-0.74-0.19-0.730.85-0.32-0.880.56-0.78-0.87-0.86-0.070.88-0.75-0.89
0.95-0.270.510.880.830.850.260.990.780.660.640.630.070.6-0.740.220.94-0.290.760.79-0.86-0.11-0.70.660.79
-0.130.36-0.15-0.21-0.21-0.21-0.76-0.23-0.09-0.15-0.25-0.250.440.26-0.190.4-0.060.110.21-0.07-0.07-0.11-0.210.14-0.07
-0.760.31-0.41-0.81-0.68-0.780.26-0.65-0.51-0.7-0.15-0.530.12-0.50.940.0-0.740.74-0.53-0.760.88-0.7-0.21-0.94-0.89
0.65-0.230.580.710.50.66-0.370.640.620.50.020.34-0.350.32-0.9-0.250.64-0.670.440.59-0.750.660.14-0.940.77
0.88-0.40.280.970.860.970.160.760.530.840.350.71-0.060.56-0.880.10.85-0.770.450.94-0.890.79-0.07-0.890.77
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Jiamei Food Account Relationship Matchups

Jiamei Food fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B3.6B4.7B4.5B4.4B4.2B
Other Current Liab40.5M292.8M130.9M131.4M1.9M1.8M
Total Current Liabilities1.4B1.3B1.6B1.3B1.0B1.1B
Total Stockholder Equity2.1B2.1B2.4B2.4B2.5B2.2B
Other Liab44.0M44.3M72.9M70.2M80.7M55.4M
Net Tangible Assets1.9B1.9B2.2B2.2B2.5B1.9B
Retained Earnings408.2M424.6M578.9M585.4M641.4M471.2M
Accounts Payable815.4M704.5M1.2B948.6M735.3M828.1M
Cash732.6M516.5M795.9M585.1M264.3M251.1M
Non Current Assets Total2.2B2.2B2.4B2.7B2.8B2.6B
Non Currrent Assets Other24.6M24.8M118.0M145.4M76.1M66.6M
Other Assets92.1M112.7M211.5M279.9M321.9M338.0M
Long Term Debt266.4M0.0577.1M672.7M710.4M504.2M
Net Receivables416.0M325.4M453.0M386.7M463.7M441.9M
Non Current Liabilities Total310.4M146.7M706.4M772.3M825.2M594.1M
Inventory334.9M421.9M596.5M562.0M466.4M448.6M
Other Current Assets63.8M62.9M190.1M68.2M16.3M15.5M
Total Liab1.7B1.5B2.3B2.1B1.9B2.1B
Deferred Long Term Liab26.2M38.0M40.5M46.4M53.3M34.3M
Short Long Term Debt228.8M272.2M134.5M170.3M130.4M166.4M
Total Current Assets1.5B1.4B2.3B1.8B1.5B1.7B
Intangible Assets194.9M188.5M184.7M181.0M173.3M200.7M
Common Stock952.6M960.3M962.3M962.2M1.1B988.2M
Property Plant Equipment2.0B1.9B2.0B2.3B2.6B2.2B
Common Stock Shares Outstanding952.6M960.3M962.3M962.2M959.1M1.0B
Net Invested Capital2.3B2.4B3.1B3.2B3.4B2.9B
Net Working Capital145.3M82.1M705.4M420.1M512.6M538.3M
Capital Stock952.6M960.3M962.3M962.2M959.1M1.0B

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Other Information on Investing in Jiamei Stock

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