Shijiazhuang Gross Profit vs Total Revenue Analysis

300491 Stock

17.17 0.97 5.35%

Shijiazhuang Tonhe financial indicator trend analysis is much more than just breaking down Shijiazhuang Tonhe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shijiazhuang Tonhe is a good investment. Please check the relationship between Shijiazhuang Tonhe Gross Profit and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shijiazhuang Tonhe Electronics. 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.

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shijiazhuang Tonhe Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shijiazhuang Tonhe's Gross Profit and Total Revenue is 0.98. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Shijiazhuang Tonhe Electronics, assuming nothing else is changed. The correlation between historical values of Shijiazhuang Tonhe's Gross Profit and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Shijiazhuang Tonhe Electronics are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Shijiazhuang Tonhe's Gross Profit and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Shijiazhuang Tonhe Electronics minus its cost of goods sold. It is profit before Shijiazhuang Tonhe 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.

Total Revenue

Total revenue comprises all receipts Shijiazhuang Tonhe generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Shijiazhuang Tonhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shijiazhuang Tonhe 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 Shijiazhuang Tonhe Electronics. 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 120.2 M. The current year's Tax Provision is expected to grow to about 4.9 M

	2021	2022	2023	2024 (projected)
Operating Income	41.8M	52.9M	150.5M	158.1M
Total Revenue	421.1M	639.2M	1.0B	1.1B

Operating Income Total Revenue

Shijiazhuang Tonhe fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Long Term Debt	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Deferred Long Term Liab	Total Current Assets	Treasury Stock	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.67	0.96	0.86	0.98	0.96	0.63	0.78	0.99	0.98	0.55	0.97	0.91	0.75	0.66	-0.65	0.75	0.82	0.87	-0.68	0.37	-0.46	0.86	0.64	0.94	0.9
Other Current Liab	0.67		0.77	0.34	0.71	0.74	0.29	0.32	0.68	0.65	0.3	0.78	0.84	0.27	0.37	-0.27	0.55	0.36	0.47	-0.41	0.7	-0.46	0.46	0.09	0.46	0.42
Total Current Liabilities	0.96	0.77		0.73	0.95	1.0	0.49	0.67	0.97	0.98	0.5	1.0	0.94	0.59	0.5	-0.65	0.74	0.77	0.83	-0.68	0.46	-0.55	0.85	0.49	0.88	0.85
Total Stockholder Equity	0.86	0.34	0.73		0.84	0.74	0.75	0.8	0.83	0.79	0.61	0.73	0.65	0.91	0.81	-0.62	0.72	0.9	0.88	-0.58	0.25	-0.26	0.87	0.77	0.85	0.91
Retained Earnings	0.98	0.71	0.95	0.84		0.94	0.61	0.78	0.98	0.95	0.58	0.95	0.88	0.72	0.7	-0.6	0.73	0.78	0.84	-0.69	0.4	-0.42	0.82	0.63	0.9	0.86
Accounts Payable	0.96	0.74	1.0	0.74	0.94		0.51	0.67	0.96	0.99	0.47	1.0	0.93	0.61	0.51	-0.65	0.75	0.77	0.83	-0.69	0.42	-0.55	0.86	0.51	0.88	0.85
Cash	0.63	0.29	0.49	0.75	0.61	0.51		0.43	0.56	0.55	0.09	0.5	0.44	0.64	0.68	-0.32	0.66	0.67	0.44	-0.52	0.09	-0.47	0.62	0.46	0.58	0.6
Other Assets	0.78	0.32	0.67	0.8	0.78	0.67	0.43		0.8	0.71	0.57	0.66	0.62	0.89	0.78	-0.62	0.44	0.61	0.73	-0.43	0.08	0.12	0.59	0.95	0.75	0.7
Net Receivables	0.99	0.68	0.97	0.83	0.98	0.96	0.56	0.8		0.98	0.61	0.97	0.92	0.73	0.62	-0.67	0.7	0.81	0.88	-0.67	0.42	-0.43	0.85	0.64	0.94	0.9
Inventory	0.98	0.65	0.98	0.79	0.95	0.99	0.55	0.71	0.98		0.51	0.98	0.9	0.65	0.52	-0.68	0.75	0.83	0.87	-0.72	0.37	-0.55	0.89	0.55	0.94	0.91
Other Current Assets	0.55	0.3	0.5	0.61	0.58	0.47	0.09	0.57	0.61	0.51		0.49	0.49	0.53	0.4	-0.51	0.23	0.62	0.8	-0.27	0.53	-0.05	0.58	0.48	0.63	0.68
Total Liab	0.97	0.78	1.0	0.73	0.95	1.0	0.5	0.66	0.97	0.98	0.49		0.95	0.6	0.51	-0.62	0.74	0.76	0.83	-0.68	0.47	-0.55	0.84	0.48	0.88	0.84
Intangible Assets	0.91	0.84	0.94	0.65	0.88	0.93	0.44	0.62	0.92	0.9	0.49	0.95		0.58	0.48	-0.51	0.64	0.67	0.76	-0.6	0.59	-0.5	0.74	0.42	0.8	0.76
Common Stock	0.75	0.27	0.59	0.91	0.72	0.61	0.64	0.89	0.73	0.65	0.53	0.6	0.58		0.88	-0.48	0.57	0.71	0.75	-0.42	0.14	0.05	0.67	0.89	0.69	0.74
Property Plant Equipment	0.66	0.37	0.5	0.81	0.7	0.51	0.68	0.78	0.62	0.52	0.4	0.51	0.48	0.88		-0.27	0.56	0.52	0.57	-0.29	0.08	0.11	0.49	0.76	0.51	0.54
Other Liab	-0.65	-0.27	-0.65	-0.62	-0.6	-0.65	-0.32	-0.62	-0.67	-0.68	-0.51	-0.62	-0.51	-0.48	-0.27		-0.35	-0.74	-0.72	0.52	-0.3	0.35	-0.73	-0.56	-0.73	-0.76
Long Term Debt	0.75	0.55	0.74	0.72	0.73	0.75	0.66	0.44	0.7	0.75	0.23	0.74	0.64	0.57	0.56	-0.35		0.68	0.67	-0.49	0.3	-0.43	0.75	0.35	0.6	0.68
Net Tangible Assets	0.82	0.36	0.77	0.9	0.78	0.77	0.67	0.61	0.81	0.83	0.62	0.76	0.67	0.71	0.52	-0.74	0.68		0.9	-0.7	0.45	-0.57	0.98	0.56	0.87	0.97
Non Current Assets Total	0.87	0.47	0.83	0.88	0.84	0.83	0.44	0.73	0.88	0.87	0.8	0.83	0.76	0.75	0.57	-0.72	0.67	0.9		-0.57	0.48	-0.33	0.91	0.61	0.89	0.96
Non Currrent Assets Other	-0.68	-0.41	-0.68	-0.58	-0.69	-0.69	-0.52	-0.43	-0.67	-0.72	-0.27	-0.68	-0.6	-0.42	-0.29	0.52	-0.49	-0.7	-0.57		-0.32	0.61	-0.72	-0.35	-0.69	-0.7
Non Current Liabilities Total	0.37	0.7	0.46	0.25	0.4	0.42	0.09	0.08	0.42	0.37	0.53	0.47	0.59	0.14	0.08	-0.3	0.3	0.45	0.48	-0.32		-0.45	0.45	-0.08	0.29	0.4
Deferred Long Term Liab	-0.46	-0.46	-0.55	-0.26	-0.42	-0.55	-0.47	0.12	-0.43	-0.55	-0.05	-0.55	-0.5	0.05	0.11	0.35	-0.43	-0.57	-0.33	0.61	-0.45		-0.61	0.22	-0.49	-0.51
Total Current Assets	0.86	0.46	0.85	0.87	0.82	0.86	0.62	0.59	0.85	0.89	0.58	0.84	0.74	0.67	0.49	-0.73	0.75	0.98	0.91	-0.72	0.45	-0.61		0.51	0.87	0.97
Treasury Stock	0.64	0.09	0.49	0.77	0.63	0.51	0.46	0.95	0.64	0.55	0.48	0.48	0.42	0.89	0.76	-0.56	0.35	0.56	0.61	-0.35	-0.08	0.22	0.51		0.63	0.61
Common Stock Shares Outstanding	0.94	0.46	0.88	0.85	0.9	0.88	0.58	0.75	0.94	0.94	0.63	0.88	0.8	0.69	0.51	-0.73	0.6	0.87	0.89	-0.69	0.29	-0.49	0.87	0.63		0.95
Net Invested Capital	0.9	0.42	0.85	0.91	0.86	0.85	0.6	0.7	0.9	0.91	0.68	0.84	0.76	0.74	0.54	-0.76	0.68	0.97	0.96	-0.7	0.4	-0.51	0.97	0.61	0.95

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Shijiazhuang Tonhe Account Relationship Matchups

Shijiazhuang Tonhe fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	860.1M	929.7M	1.3B	1.6B	2.0B	2.1B
Other Current Liab	3.7M	5.8M	13.1M	403.4K	88.8M	93.3M
Total Current Liabilities	163.9M	214.4M	283.7M	529.5M	829.8M	871.3M
Total Stockholder Equity	676.6M	695.1M	967.9M	1.0B	1.1B	561.3M
Retained Earnings	141.5M	183.0M	211.6M	224.7M	307.3M	322.7M
Accounts Payable	103.4M	137.4M	178.3M	386.3M	527.6M	554.0M
Cash	92.2M	91.1M	340.1M	303.6M	198.9M	166.1M
Other Assets	14.6M	14.7M	15.0M	12.8M	14.7M	15.4M
Net Receivables	286.2M	293.9M	409.3M	441.0M	655.7M	688.5M
Inventory	77.9M	94.8M	132.8M	227.4M	269.8M	283.3M
Other Current Assets	9.9M	8.6M	9.0M	3.9M	12.3M	6.3M
Total Liab	183.6M	234.7M	309.7M	545.0M	865.9M	909.2M
Intangible Assets	23.4M	22.9M	34.2M	30.7M	70.1M	73.6M
Common Stock	145.8M	145.2M	160.8M	173.5M	199.5M	113.2M
Property Plant Equipment	156.6M	164.6M	158.0M	160.9M	185.0M	122.5M
Other Liab	20.8M	19.7M	20.3M	16.5M	14.8M	17.4M
Net Tangible Assets	395.9M	467.2M	494.9M	753.9M	867.0M	535.6M
Non Current Assets Total	393.8M	378.5M	387.6M	421.1M	632.5M	385.4M
Non Currrent Assets Other	200.1M	194.1M	393.8M	10.7M	9.6M	9.1M
Non Current Liabilities Total	19.7M	20.3M	26.0M	15.5M	36.0M	25.1M
Deferred Long Term Liab	3.5M	3.7M	3.4M	589.6K	530.6K	504.1K
Total Current Assets	466.3M	551.3M	891.2M	1.1B	1.4B	754.7M
Net Invested Capital	721.6M	755.2M	1.1B	1.1B	1.3B	911.2M
Net Working Capital	302.4M	336.9M	607.5M	606.2M	520.2M	450.3M

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Other Information on Investing in Shijiazhuang Stock

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

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Shijiazhuang Gross Profit vs Total Revenue Analysis

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

Correlation Coefficient

Gross Profit

Total Revenue

Shijiazhuang Tonhe fundamental ratios Correlations

Shijiazhuang Tonhe Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shijiazhuang Tonhe fundamental ratios Accounts

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COMMON DESTINATIONS

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Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable
Net Receivables	+ 0.99	Total Assets
Inventory	+ 0.99	Accounts Payable
Retained Earnings	+ 0.98	Total Assets

Net Invested Capital	- 0.76	Other Liab
Net Tangible Assets	- 0.74	Other Liab
Common Stock Shares Outstanding	- 0.73	Other Liab
Total Current Assets	- 0.73	Other Liab
Total Current Assets	- 0.72	Non Currrent Assets Other
Non Current Assets Total	- 0.72	Other Liab