Leyard Operating Income vs Total Other Income Expense Net Analysis

300296 Stock   5.39  0.04  0.75%   
Leyard Optoelectronic financial indicator trend analysis is infinitely more than just investigating Leyard Optoelectronic recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leyard Optoelectronic is a good investment. Please check the relationship between Leyard Optoelectronic Operating Income and its Total Other Income Expense Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Leyard Optoelectronic. 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 Total Other Income Expense Net

Operating Income vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leyard Optoelectronic Operating Income account and Total Other Income Expense Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Leyard Optoelectronic's Operating Income and Total Other Income Expense Net is -0.44. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Leyard Optoelectronic, assuming nothing else is changed. The correlation between historical values of Leyard Optoelectronic's Operating Income and Total Other Income Expense Net 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 Leyard Optoelectronic are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Operating Income i.e., Leyard Optoelectronic's Operating Income and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Leyard Optoelectronic 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 Leyard Optoelectronic 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.

Total Other Income Expense Net

Most indicators from Leyard Optoelectronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leyard Optoelectronic 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 Leyard Optoelectronic. 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 171 M. The current year's Tax Provision is expected to grow to about 79.4 M
 2021 2022 2023 2024 (projected)
Gross Profit2.7B2.5B2.2B1.5B
Total Revenue8.9B8.2B7.6B4.4B

Leyard Optoelectronic fundamental ratios Correlations

0.910.860.990.990.820.78-0.10.930.950.970.980.750.970.860.970.120.980.350.860.991.00.770.910.360.91
0.910.860.90.890.70.680.270.820.750.850.970.470.860.680.890.160.920.50.860.920.870.880.80.570.95
0.860.860.840.870.620.43-0.010.850.730.870.890.440.870.610.830.060.920.270.740.830.830.830.780.640.83
0.990.90.840.970.80.83-0.080.910.950.950.970.740.950.840.960.070.970.430.821.00.980.780.890.390.9
0.990.890.870.970.830.73-0.150.930.940.980.960.740.980.860.970.150.970.260.860.970.990.760.920.350.88
0.820.70.620.80.830.68-0.030.910.790.760.770.750.770.980.790.550.750.180.680.80.840.740.94-0.030.68
0.780.680.430.830.730.680.020.650.790.670.750.740.670.740.780.040.690.650.650.830.790.530.670.080.71
-0.10.27-0.01-0.08-0.15-0.030.02-0.12-0.32-0.260.09-0.38-0.25-0.2-0.070.26-0.060.550.13-0.04-0.170.34-0.130.30.16
0.930.820.850.910.930.910.65-0.120.880.920.890.670.920.920.890.360.920.240.740.90.930.860.980.30.81
0.950.750.730.950.940.790.79-0.320.880.930.880.860.930.870.910.00.910.220.760.940.960.60.870.220.81
0.970.850.870.950.980.760.67-0.260.920.930.920.681.00.830.930.080.960.210.790.940.970.730.910.390.87
0.980.970.890.970.960.770.750.090.890.880.920.640.920.770.960.10.980.440.90.980.950.830.860.50.96
0.750.470.440.740.740.750.74-0.380.670.860.680.640.680.820.710.010.650.080.590.740.780.290.69-0.180.55
0.970.860.870.950.980.770.67-0.250.920.931.00.920.680.830.940.110.950.20.80.940.970.740.910.380.87
0.860.680.610.840.860.980.74-0.20.920.870.830.770.820.830.830.450.770.150.690.830.880.670.95-0.060.69
0.970.890.830.960.970.790.78-0.070.890.910.930.960.710.940.830.150.950.390.930.960.970.750.870.360.9
0.120.160.060.070.150.550.040.260.360.00.080.10.010.110.450.150.05-0.070.160.070.130.420.41-0.310.0
0.980.920.920.970.970.750.69-0.060.920.910.960.980.650.950.770.950.050.350.840.970.960.820.870.530.92
0.350.50.270.430.260.180.650.550.240.220.210.440.080.20.150.39-0.070.350.350.430.30.50.210.40.45
0.860.860.740.820.860.680.650.130.740.760.790.90.590.80.690.930.160.840.350.860.830.670.720.40.89
0.990.920.831.00.970.80.83-0.040.90.940.940.980.740.940.830.960.070.970.430.860.980.780.890.390.93
1.00.870.830.980.990.840.79-0.170.930.960.970.950.780.970.880.970.130.960.30.830.980.740.920.30.87
0.770.880.830.780.760.740.530.340.860.60.730.830.290.740.670.750.420.820.50.670.780.740.830.550.79
0.910.80.780.890.920.940.67-0.130.980.870.910.860.690.910.950.870.410.870.210.720.890.920.830.180.79
0.360.570.640.390.35-0.030.080.30.30.220.390.5-0.180.38-0.060.36-0.310.530.40.40.390.30.550.180.57
0.910.950.830.90.880.680.710.160.810.810.870.960.550.870.690.90.00.920.450.890.930.870.790.790.57
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Leyard Optoelectronic Account Relationship Matchups

Leyard Optoelectronic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.4B13.6B15.8B14.9B15.1B8.3B
Short Long Term Debt Total2.5B1.8B1.8B1.7B2.7B1.4B
Other Current Liab914.7M405.4M346.0M714.2M601.7M392.0M
Total Current Liabilities5.9B5.0B6.7B5.6B5.4B3.2B
Total Stockholder Equity8.4B7.2B7.8B8.0B8.3B4.3B
Property Plant And Equipment Net1.0B1.1B1.6B1.7B1.8B1.9B
Current Deferred Revenue540.9M1.2B1.6B1.0B885.5M551.1M
Net Debt(310.7M)(761.3M)(544.9M)(383.0M)440.7M462.7M
Retained Earnings3.9B2.7B3.2B3.3B3.5B3.7B
Accounts Payable2.7B2.7B4.0B3.0B2.1B1.5B
Cash2.9B2.6B2.4B2.1B2.2B1.3B
Non Current Assets Total4.6B3.5B4.2B4.1B4.2B2.5B
Non Currrent Assets Other171.1M260.4M461.5M496.9M203.5M142.0M
Cash And Short Term Investments2.9B2.6B2.4B2.1B2.4B1.3B
Net Receivables3.5B4.8B5.5B5.3B5.3B5.5B
Common Stock Shares Outstanding2.6B2.5B2.6B2.5B2.5B1.8B
Short Term Investments1.4M18.2M412.6K5.2M182.8M191.9M
Liabilities And Stockholders Equity15.4B13.6B15.8B14.9B15.1B8.3B
Inventory4.3B2.6B3.6B3.3B3.1B2.0B
Other Current Assets108.8M160.9M170.9M117.7M118.5M147.7M
Other Stockholder Equity1.7B1.7B1.7B1.7B1.7B1.2B
Total Liab7.0B6.4B8.0B6.7B6.4B4.0B
Total Current Assets10.7B10.1B11.7B10.8B10.9B5.8B
Short Term Debt1.7B711.2M787.9M914.9M1.8B1.8B
Other Assets269.8M270.0M370.9M1.01.151.09
Intangible Assets609.5M526.6M505.7M455.7M402.0M348.0M
Property Plant Equipment1.0B1.1B1.6B1.7B1.9B2.0B
Other Liab253.8M238.2M274.5M293.9M338.0M217.7M
Good Will2.3B1.0B932.6M725.4M762.6M1.4B
Non Current Liabilities Total1.1B1.4B1.3B1.1B1.1B1.1B
Long Term Debt836.1M1.1B931.1M711.3M824.5M938.8M
Net Tangible Assets5.4B5.7B6.3B6.9B7.9B4.7B
Deferred Long Term Liab49.3M33.1M65.2M88.2M101.4M106.4M
Short Long Term Debt1.7B693.6M638.0M638.5M432.8M841.8M
Non Current Liabilities Other40.5M58.6M86.1M103.5M81.7M68.3M
Net Invested Capital10.9B9.1B9.3B9.4B9.5B7.7B
Net Working Capital4.9B5.1B4.9B5.2B5.5B5.0B

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Other Information on Investing in Leyard Stock

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