Risuntek Income Tax Expense vs Operating Income Analysis

002981 Stock   26.88  0.08  0.30%   
Risuntek financial indicator trend analysis is much more than just breaking down Risuntek prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Risuntek is a good investment. Please check the relationship between Risuntek Income Tax Expense and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Risuntek. 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 Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Risuntek Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Risuntek's Income Tax Expense and Operating Income is -0.01. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Risuntek, assuming nothing else is changed. The correlation between historical values of Risuntek's Income Tax Expense 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 Tax Expense of Risuntek 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 Tax Expense i.e., Risuntek's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from Risuntek 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 Risuntek 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 Risuntek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Risuntek 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 Risuntek. 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 Tax Provision is expected to grow to about 13.2 M, whereas Selling General Administrative is forecasted to decline to about 36.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit106.3M244.4M342.6M197.7M
Total Revenue1.3B1.4B1.4B1.0B

Risuntek fundamental ratios Correlations

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0.390.430.250.170.170.280.460.40.240.260.470.03-0.290.53-0.060.480.350.40.20.22-0.040.060.310.060.17
0.980.430.930.90.830.980.880.950.890.890.970.83-0.930.99-0.680.890.940.960.880.890.740.770.940.240.88
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0.950.170.90.990.920.910.920.870.80.880.930.84-0.950.86-0.670.870.970.920.920.840.730.830.960.520.92
0.90.170.830.940.920.840.840.830.780.940.890.72-0.840.82-0.840.70.920.910.850.80.530.820.890.460.85
0.940.280.980.910.910.840.810.890.850.910.940.92-0.90.94-0.710.830.920.920.840.860.840.730.90.220.84
0.930.460.880.940.920.840.810.860.760.790.940.66-0.950.88-0.560.950.950.910.880.810.540.760.950.580.88
0.970.40.950.930.870.830.890.860.920.810.910.72-0.910.96-0.690.810.870.950.950.930.590.90.950.160.94
0.890.240.890.860.80.780.850.760.920.770.840.73-0.890.89-0.820.740.80.870.870.990.620.870.890.010.92
0.90.260.890.890.880.940.910.790.810.770.920.76-0.810.86-0.810.720.930.920.770.790.620.70.860.380.78
0.980.470.970.950.930.890.940.940.910.840.920.79-0.940.96-0.720.910.980.960.860.860.660.740.950.40.86
0.780.030.830.80.840.720.920.660.720.730.760.79-0.80.75-0.630.70.790.720.710.740.960.60.750.150.71
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0.970.530.990.910.860.820.940.880.960.890.860.960.75-0.92-0.680.880.920.970.880.890.640.780.940.210.87
-0.72-0.06-0.68-0.71-0.67-0.84-0.71-0.56-0.69-0.82-0.81-0.72-0.630.64-0.68-0.42-0.69-0.72-0.62-0.8-0.43-0.69-0.68-0.03-0.69
0.890.480.890.870.870.70.830.950.810.740.720.910.7-0.940.88-0.420.910.860.830.790.670.660.910.50.83
0.960.350.940.970.970.920.920.950.870.80.930.980.79-0.950.92-0.690.910.960.870.840.680.760.960.530.87
0.990.40.960.970.920.910.920.910.950.870.920.960.72-0.930.97-0.720.860.960.930.890.590.860.970.370.92
0.950.20.880.960.920.850.840.880.950.870.770.860.71-0.940.88-0.620.830.870.930.90.60.960.970.350.99
0.910.220.890.890.840.80.860.810.930.990.790.860.74-0.930.89-0.80.790.840.890.90.630.890.920.110.95
0.65-0.040.740.660.730.530.840.540.590.620.620.660.96-0.710.64-0.430.670.680.590.60.630.460.630.10.6
0.860.060.770.880.830.820.730.760.90.870.70.740.6-0.850.78-0.690.660.760.860.960.890.460.90.230.97
0.990.310.940.990.960.890.90.950.950.890.860.950.75-0.980.94-0.680.910.960.970.970.920.630.90.420.97
0.350.060.240.460.520.460.220.580.160.010.380.40.15-0.40.21-0.030.50.530.370.350.110.10.230.420.32
0.940.170.880.950.920.850.840.880.940.920.780.860.71-0.950.87-0.690.830.870.920.990.950.60.970.970.32
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Risuntek Account Relationship Matchups

Risuntek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets755.0M1.2B1.4B1.6B1.5B1.1B
Other Current Liab10.7M8.3M7.0M82.6M1.4M1.3M
Total Current Liabilities310.9M398.1M591.2M609.6M477.2M388.0M
Total Stockholder Equity443.7M835.7M789.2M796.6M900.5M645.6M
Net Tangible Assets395.1M766.8M720.9M605.4M696.2M530.5M
Retained Earnings251.7M287.6M241.2M271.1M362.4M243.1M
Accounts Payable267.4M286.4M489.7M372.1M330.4M283.7M
Cash66.2M250.5M167.7M263.2M187.4M158.3M
Non Current Assets Total193.8M371.6M612.5M748.2M795.3M420.2M
Other Assets4.3M12.0M23.0M73.0M83.9M88.1M
Net Receivables333.2M293.8M304.3M313.9M306.8M281.6M
Non Current Liabilities Total400K2.7M4.5M151.6M75.6M79.4M
Inventory152.7M206.2M219.8M264.6M194.2M184.3M
Other Current Assets9.2M12.6M29.4M10.8M12.4M12.3M
Other Stockholder Equity(624.5K)(450.9K)(5.7M)(5.8M)(5.2M)(4.9M)
Total Liab311.3M400.8M595.7M761.1M552.8M420.3M
Deferred Long Term Liab1.4M1.3M1.5M1.4M1.2M1.2M
Total Current Assets561.2M864.9M772.4M860.2M708.8M659.7M
Intangible Assets48.6M68.9M68.3M92.2M88.4M56.2M
Property Plant Equipment133.2M279.8M471.1M473.1M544.0M571.2M
Non Currrent Assets Other7.7M18.3M51.5M8.9M8.7M15.3M
Net Invested Capital462.9M925.7M866.3M979.1M1.0B779.4M
Net Working Capital250.3M466.9M181.2M250.6M231.6M211.1M

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Other Information on Investing in Risuntek Stock

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