Ningbo Net Income vs Ebitda Analysis

300314 Stock

12.30 0.11 0.89%

Ningbo David financial indicator trend analysis is infinitely more than just investigating Ningbo David Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo David Medical is a good investment. Please check the relationship between Ningbo David Net Income and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo David Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Ebitda

Net Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo David Medical Net Income account and Ebitda. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ningbo David's Net Income and Ebitda is 0.93. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Ningbo David Medical, assuming nothing else is changed. The correlation between historical values of Ningbo David's Net Income and Ebitda 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 Ningbo David Medical are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Net Income i.e., Ningbo David's Net Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

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

Ebitda

Most indicators from Ningbo David's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo David Medical 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 Ningbo David Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of December 23, 2024, Selling General Administrative is expected to decline to about 76.2 M. In addition to that, Tax Provision is expected to decline to about 12.8 M

	2021	2022	2023	2024 (projected)
Operating Income	73.3M	96.8M	143.2M	76.6M
Total Revenue	474.1M	506.0M	618.3M	347.2M

Operating Income Total Revenue

Ningbo David 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	Good Will	Net Tangible Assets	Short Term Investments	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		-0.06	0.67	0.99	0.82	0.97	0.78	0.5	0.04	0.76	0.9	0.29	0.61	0.76	0.87	0.82	-0.36	0.86	0.52	-0.8	0.84	0.02	0.17	0.63	-0.24	0.76
Other Current Liab	-0.06		0.14	-0.08	-0.05	0.02	-0.19	-0.25	-0.1	-0.09	-0.07	0.49	0.09	-0.32	-0.1	-0.05	0.5	-0.03	0.52	-0.23	-0.02	-0.69	0.55	-0.52	0.47	-0.2
Total Current Liabilities	0.67	0.14		0.56	0.79	0.8	0.75	0.14	-0.09	0.75	0.89	0.04	0.99	0.57	0.47	0.48	-0.4	0.92	0.55	-0.83	0.92	0.06	0.14	0.67	-0.28	0.86
Total Stockholder Equity	0.99	-0.08	0.56		0.76	0.93	0.73	0.53	0.06	0.7	0.83	0.33	0.49	0.73	0.88	0.82	-0.32	0.78	0.48	-0.74	0.77	0.01	0.17	0.56	-0.21	0.68
Other Liab	0.82	-0.05	0.79	0.76		0.88	0.8	0.12	0.1	0.82	0.89	0.27	0.77	0.75	0.76	0.82	-0.37	0.85	0.51	-0.83	0.83	-0.03	0.19	0.6	-0.28	0.71
Retained Earnings	0.97	0.02	0.8	0.93	0.88		0.81	0.36	0.01	0.8	0.95	0.34	0.75	0.79	0.86	0.82	-0.36	0.92	0.57	-0.86	0.9	0.0	0.19	0.63	-0.23	0.81
Accounts Payable	0.78	-0.19	0.75	0.73	0.8	0.81		0.32	0.04	0.79	0.81	-0.03	0.73	0.65	0.63	0.64	-0.76	0.88	0.48	-0.73	0.88	0.28	0.03	0.61	-0.73	0.88
Cash	0.5	-0.25	0.14	0.53	0.12	0.36	0.32		-0.14	0.31	0.37	-0.29	0.1	0.17	0.14	0.07	-0.38	0.4	-0.12	-0.18	0.39	0.39	-0.27	0.46	-0.25	0.47
Other Assets	0.04	-0.1	-0.09	0.06	0.1	0.01	0.04	-0.14		0.11	-0.05	0.18	-0.1	0.09	0.21	0.11	0.07	-0.1	-0.19	0.23	-0.14	0.07	-0.12	-0.11	0.07	-0.15
Net Receivables	0.76	-0.09	0.75	0.7	0.82	0.8	0.79	0.31	0.11		0.82	0.12	0.75	0.66	0.64	0.62	-0.46	0.82	0.25	-0.64	0.78	0.19	-0.03	0.57	-0.31	0.73
Inventory	0.9	-0.07	0.89	0.83	0.89	0.95	0.81	0.37	-0.05	0.82		0.14	0.87	0.73	0.71	0.68	-0.42	0.97	0.49	-0.85	0.96	0.09	0.04	0.78	-0.28	0.9
Other Current Assets	0.29	0.49	0.04	0.33	0.27	0.34	-0.03	-0.29	0.18	0.12	0.14		-0.01	0.3	0.5	0.47	0.52	0.05	0.42	-0.18	0.02	-0.53	0.24	-0.31	0.49	-0.16
Total Liab	0.61	0.09	0.99	0.49	0.77	0.75	0.73	0.1	-0.1	0.75	0.87	-0.01		0.58	0.41	0.42	-0.41	0.9	0.51	-0.79	0.9	0.1	0.1	0.7	-0.29	0.85
Intangible Assets	0.76	-0.32	0.57	0.73	0.75	0.79	0.65	0.17	0.09	0.66	0.73	0.3	0.58		0.77	0.72	-0.34	0.68	0.33	-0.62	0.68	0.12	0.09	0.66	-0.24	0.62
Common Stock	0.87	-0.1	0.47	0.88	0.76	0.86	0.63	0.14	0.21	0.64	0.71	0.5	0.41	0.77		0.95	-0.21	0.63	0.44	-0.66	0.6	-0.11	0.29	0.38	-0.12	0.48
Property Plant Equipment	0.82	-0.05	0.48	0.82	0.82	0.82	0.64	0.07	0.11	0.62	0.68	0.47	0.42	0.72	0.95		-0.23	0.61	0.49	-0.71	0.58	-0.15	0.39	0.33	-0.16	0.44
Good Will	-0.36	0.5	-0.4	-0.32	-0.37	-0.36	-0.76	-0.38	0.07	-0.46	-0.42	0.52	-0.41	-0.34	-0.21	-0.23		-0.57	0.02	0.31	-0.54	-0.68	0.21	-0.48	0.94	-0.7
Net Tangible Assets	0.86	-0.03	0.92	0.78	0.85	0.92	0.88	0.4	-0.1	0.82	0.97	0.05	0.9	0.68	0.63	0.61	-0.57		0.52	-0.85	0.99	0.2	0.05	0.74	-0.44	0.96
Short Term Investments	0.52	0.52	0.55	0.48	0.51	0.57	0.48	-0.12	-0.19	0.25	0.49	0.42	0.51	0.33	0.44	0.49	0.02	0.52		-0.76	0.58	-0.52	0.58	0.16	-0.08	0.42
Long Term Investments	-0.8	-0.23	-0.83	-0.74	-0.83	-0.86	-0.73	-0.18	0.23	-0.64	-0.85	-0.18	-0.79	-0.62	-0.66	-0.71	0.31	-0.85	-0.76		-0.88	0.27	-0.52	-0.54	0.24	-0.74
Total Current Assets	0.84	-0.02	0.92	0.77	0.83	0.9	0.88	0.39	-0.14	0.78	0.96	0.02	0.9	0.68	0.6	0.58	-0.54	0.99	0.58	-0.88		0.13	0.09	0.77	-0.44	0.96
Non Current Assets Total	0.02	-0.69	0.06	0.01	-0.03	0.0	0.28	0.39	0.07	0.19	0.09	-0.53	0.1	0.12	-0.11	-0.15	-0.68	0.2	-0.52	0.27	0.13		-0.7	0.41	-0.57	0.37
Non Currrent Assets Other	0.17	0.55	0.14	0.17	0.19	0.19	0.03	-0.27	-0.12	-0.03	0.04	0.24	0.1	0.09	0.29	0.39	0.21	0.05	0.58	-0.52	0.09	-0.7		-0.24	0.2	-0.12
Non Current Liabilities Total	0.63	-0.52	0.67	0.56	0.6	0.63	0.61	0.46	-0.11	0.57	0.78	-0.31	0.7	0.66	0.38	0.33	-0.48	0.74	0.16	-0.54	0.77	0.41	-0.24		-0.36	0.81
Common Stock Shares Outstanding	-0.24	0.47	-0.28	-0.21	-0.28	-0.23	-0.73	-0.25	0.07	-0.31	-0.28	0.49	-0.29	-0.24	-0.12	-0.16	0.94	-0.44	-0.08	0.24	-0.44	-0.57	0.2	-0.36		-0.6
Net Invested Capital	0.76	-0.2	0.86	0.68	0.71	0.81	0.88	0.47	-0.15	0.73	0.9	-0.16	0.85	0.62	0.48	0.44	-0.7	0.96	0.42	-0.74	0.96	0.37	-0.12	0.81	-0.6

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Ningbo David Account Relationship Matchups

Ningbo David fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	965.1M	1.1B	1.2B	1.3B	1.4B	878.2M
Other Current Liab	33.0M	50.1M	39.7M	4.2M	2.7M	2.6M
Total Current Liabilities	133.5M	166.1M	161.4M	176.6M	197.4M	118.1M
Total Stockholder Equity	828.8M	953.5M	990.5M	1.1B	1.2B	752.1M
Other Liab	3.0M	2.8M	2.5M	3.8M	4.4M	2.6M
Retained Earnings	365.3M	490.0M	527.0M	517.3M	613.1M	309.9M
Accounts Payable	72.9M	81.3M	83.9M	81.4M	119.2M	125.2M
Cash	233.9M	224.2M	336.7M	390.9M	571.4M	296.3M
Other Assets	547.8K	692.3K	768.7K	1.3M	1.5M	1.4M
Net Receivables	18.9M	15.1M	18.7M	17.0M	23.8M	14.7M
Inventory	90.5M	104.4M	137.4M	148.3M	159.4M	88.0M
Other Current Assets	4.6M	8.7M	9.1M	3.6M	700.4K	665.4K
Total Liab	136.3M	168.6M	165.4M	193.6M	210.6M	126.1M
Intangible Assets	28.7M	27.6M	26.6M	47.7M	46.6M	27.7M
Property Plant Equipment	229.8M	218.7M	214.5M	199.1M	229.0M	185.4M
Net Tangible Assets	761.1M	798.1M	923.9M	961.9M	1.1B	876.2M
Short Term Investments	330M	450M	350.7M	350.9M	220.3M	337.6M
Total Current Assets	677.9M	804.5M	852.5M	922.9M	992.4M	775.2M
Non Current Assets Total	287.2M	317.7M	303.4M	329.8M	381.7M	356.0M
Non Currrent Assets Other	295.8M	287.2M	214.5M	20.0M	23.0M	21.9M
Non Current Liabilities Total	2.8M	2.5M	4.0M	17.0M	13.2M	6.6M
Net Invested Capital	828.8M	953.5M	990.5M	1.1B	1.2B	1.0B
Net Working Capital	544.4M	638.4M	691.2M	746.2M	795.0M	684.7M

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Other Information on Investing in Ningbo Stock

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

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Ningbo Net Income vs Ebitda Analysis

Net Income vs Ebitda

Net Income vs Ebitda Correlation Analysis

Correlation Coefficient

Net Income

Ebitda

Ningbo David fundamental ratios Correlations

Ningbo David Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo David fundamental ratios Accounts

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COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Net Tangible Assets
Retained Earnings	+ 0.97	Total Assets
Net Tangible Assets	+ 0.97	Inventory
Total Current Assets	+ 0.96	Inventory

Total Current Assets	- 0.88	Long Term Investments
Long Term Investments	- 0.86	Retained Earnings
Long Term Investments	- 0.85	Net Tangible Assets
Long Term Investments	- 0.85	Inventory
Long Term Investments	- 0.83	Other Liab
Long Term Investments	- 0.83	Total Current Liabilities