Konfoong Income Tax Expense vs Operating Income Analysis

300666 Stock

75.12 0.17 0.23%

Konfoong Materials financial indicator trend analysis is infinitely more than just investigating Konfoong Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Konfoong Materials is a good investment. Please check the relationship between Konfoong Materials 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 Konfoong Materials International. 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 Konfoong Materials Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Konfoong Materials' Income Tax Expense and Operating Income is 0.6. 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 Konfoong Materials International, assuming nothing else is changed. The correlation between historical values of Konfoong Materials' 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 Konfoong Materials International 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., Konfoong Materials' Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

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Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from Konfoong Materials 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 Konfoong Materials International 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 Konfoong Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Konfoong Materials 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 Konfoong Materials International. 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 72.5 M, whereas Selling General Administrative is forecasted to decline to about 83.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	407.4M	695.6M	759.7M	406.2M
Total Revenue	1.6B	2.3B	2.6B	1.4B

Gross Profit Total Revenue

Konfoong Materials fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.32	0.79	0.99	0.69	0.99	0.9	0.97	0.84	0.99	0.87	0.86	0.88	0.99	0.9	0.89	0.88	0.14	0.83	0.95	0.24	0.89	-0.63	0.8	0.99	0.87
Other Current Liab	0.32		0.18	0.41	0.29	0.36	0.5	0.09	0.67	0.2	0.44	0.45	-0.06	0.21	-0.02	0.55	0.45	0.03	0.15	0.34	-0.07	0.56	-0.25	0.24	0.38	0.34
Total Current Liabilities	0.79	0.18		0.71	0.84	0.71	0.87	0.72	0.77	0.76	0.92	0.9	0.63	0.79	0.67	0.84	0.87	0.25	0.96	0.69	0.68	0.83	-0.9	0.94	0.7	0.88
Total Stockholder Equity	0.99	0.41	0.71		0.62	1.0	0.89	0.94	0.87	0.97	0.85	0.83	0.84	0.96	0.86	0.89	0.87	0.07	0.77	0.94	0.13	0.9	-0.57	0.73	1.0	0.85
Other Liab	0.69	0.29	0.84	0.62		0.61	0.82	0.6	0.65	0.66	0.81	0.87	0.62	0.74	0.68	0.79	0.79	0.62	0.87	0.73	0.55	0.75	-0.71	0.81	0.61	0.75
Net Tangible Assets	0.99	0.36	0.71	1.0	0.61		0.87	0.96	0.85	0.98	0.84	0.82	0.86	0.97	0.87	0.88	0.86	0.05	0.77	0.94	0.13	0.88	-0.56	0.73	1.0	0.84
Retained Earnings	0.9	0.5	0.87	0.89	0.82	0.87		0.79	0.94	0.85	0.97	0.99	0.71	0.88	0.75	1.0	0.98	0.27	0.92	0.87	0.29	0.99	-0.72	0.81	0.87	0.94
Accounts Payable	0.97	0.09	0.72	0.94	0.6	0.96	0.79		0.69	0.99	0.76	0.75	0.94	0.98	0.94	0.78	0.79	0.06	0.79	0.9	0.18	0.78	-0.52	0.71	0.95	0.79
Cash	0.84	0.67	0.77	0.87	0.65	0.85	0.94	0.69		0.77	0.93	0.91	0.55	0.78	0.59	0.95	0.9	0.13	0.77	0.8	0.24	0.97	-0.73	0.76	0.84	0.88
Non Current Assets Total	0.99	0.2	0.76	0.97	0.66	0.98	0.85	0.99	0.77		0.82	0.81	0.93	0.99	0.94	0.85	0.84	0.12	0.82	0.94	0.21	0.84	-0.58	0.76	0.98	0.83
Non Currrent Assets Other	0.87	0.44	0.92	0.85	0.81	0.84	0.97	0.76	0.93	0.82		0.98	0.66	0.85	0.69	0.95	0.97	0.25	0.92	0.82	0.44	0.96	-0.86	0.9	0.82	0.97
Other Assets	0.86	0.45	0.9	0.83	0.87	0.82	0.99	0.75	0.91	0.81	0.98		0.69	0.85	0.73	0.97	0.96	0.38	0.94	0.85	0.36	0.97	-0.79	0.85	0.81	0.94
Long Term Debt	0.88	-0.06	0.63	0.84	0.62	0.86	0.71	0.94	0.55	0.93	0.66	0.69		0.93	1.0	0.69	0.67	0.31	0.76	0.91	0.09	0.67	-0.41	0.62	0.86	0.68
Net Receivables	0.99	0.21	0.79	0.96	0.74	0.97	0.88	0.98	0.78	0.99	0.85	0.85	0.93		0.95	0.86	0.86	0.22	0.85	0.96	0.26	0.85	-0.63	0.81	0.96	0.86
Non Current Liabilities Total	0.9	-0.02	0.67	0.86	0.68	0.87	0.75	0.94	0.59	0.94	0.69	0.73	1.0	0.95		0.72	0.71	0.35	0.79	0.93	0.14	0.7	-0.45	0.66	0.87	0.72
Inventory	0.89	0.55	0.84	0.89	0.79	0.88	1.0	0.78	0.95	0.85	0.95	0.97	0.69	0.86	0.72		0.97	0.22	0.89	0.87	0.24	0.99	-0.69	0.78	0.88	0.91
Other Current Assets	0.88	0.45	0.87	0.87	0.79	0.86	0.98	0.79	0.9	0.84	0.97	0.96	0.67	0.86	0.71	0.97		0.15	0.9	0.81	0.33	0.96	-0.73	0.82	0.85	0.97
Other Stockholder Equity	0.14	0.03	0.25	0.07	0.62	0.05	0.27	0.06	0.13	0.12	0.25	0.38	0.31	0.22	0.35	0.22	0.15		0.36	0.37	0.19	0.19	-0.28	0.28	0.05	0.17
Total Liab	0.83	0.15	0.96	0.77	0.87	0.77	0.92	0.79	0.77	0.82	0.92	0.94	0.76	0.85	0.79	0.89	0.9	0.36		0.8	0.48	0.87	-0.79	0.86	0.76	0.89
Deferred Long Term Liab	0.95	0.34	0.69	0.94	0.73	0.94	0.87	0.9	0.8	0.94	0.82	0.85	0.91	0.96	0.93	0.87	0.81	0.37	0.8		0.1	0.86	-0.55	0.72	0.94	0.79
Short Long Term Debt	0.24	-0.07	0.68	0.13	0.55	0.13	0.29	0.18	0.24	0.21	0.44	0.36	0.09	0.26	0.14	0.24	0.33	0.19	0.48	0.1		0.24	-0.77	0.72	0.1	0.36
Total Current Assets	0.89	0.56	0.83	0.9	0.75	0.88	0.99	0.78	0.97	0.84	0.96	0.97	0.67	0.85	0.7	0.99	0.96	0.19	0.87	0.86	0.24		-0.71	0.79	0.88	0.92
Non Current Liabilities Other	-0.63	-0.25	-0.9	-0.57	-0.71	-0.56	-0.72	-0.52	-0.73	-0.58	-0.86	-0.79	-0.41	-0.63	-0.45	-0.69	-0.73	-0.28	-0.79	-0.55	-0.77	-0.71		-0.95	-0.52	-0.77
Short Term Debt	0.8	0.24	0.94	0.73	0.81	0.73	0.81	0.71	0.76	0.76	0.9	0.85	0.62	0.81	0.66	0.78	0.82	0.28	0.86	0.72	0.72	0.79	-0.95		0.7	0.83
Intangible Assets	0.99	0.38	0.7	1.0	0.61	1.0	0.87	0.95	0.84	0.98	0.82	0.81	0.86	0.96	0.87	0.88	0.85	0.05	0.76	0.94	0.1	0.88	-0.52	0.7		0.81
Common Stock	0.87	0.34	0.88	0.85	0.75	0.84	0.94	0.79	0.88	0.83	0.97	0.94	0.68	0.86	0.72	0.91	0.97	0.17	0.89	0.79	0.36	0.92	-0.77	0.83	0.81

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Konfoong Materials Account Relationship Matchups

Konfoong Materials fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	2.4B	2.9B	5.1B	6.3B	6.6B
Other Current Liab	17.2M	16.4M	17.7M	123.0M	799.5K	759.5K
Total Current Liabilities	668.5M	1.1B	840.9M	792.8M	1.3B	807.8M
Total Stockholder Equity	682.6M	1.1B	1.5B	4.0B	4.2B	4.4B
Other Liab	63.0M	82.2M	107.3M	69.7M	80.2M	62.7M
Net Tangible Assets	648.3M	967.8M	1.3B	3.6B	4.2B	4.4B
Retained Earnings	256.3M	391.1M	467.2M	709.6M	777.4M	420.4M
Accounts Payable	178.7M	261.6M	283.5M	420.5M	836.0M	877.8M
Cash	250.7M	406.2M	482.1M	1.3B	958.9M	572.1M
Non Current Assets Total	641.7M	1.2B	1.4B	2.2B	3.4B	3.6B
Non Currrent Assets Other	51.0M	53.5M	64.0M	92.7M	102.0M	61.8M
Other Assets	110.7M	126.5M	180.0M	205.6M	236.5M	128.1M
Long Term Debt	43.9M	110.9M	464.1M	209.2M	750.0M	787.5M
Net Receivables	215.1M	260.6M	384.6M	442.0M	665.3M	698.6M
Non Current Liabilities Total	106.9M	199.2M	594.7M	306.4M	864.5M	907.7M
Inventory	325.1M	502.1M	588.7M	1.1B	1.1B	559.5M
Other Current Assets	33.1M	37.3M	33.0M	60.3M	71.6M	38.6M
Other Stockholder Equity	1.8M	1.2M	145.7M	3.1M	3.6M	3.4M
Total Liab	775.4M	1.3B	1.4B	1.1B	2.1B	1.1B
Deferred Long Term Liab	9.8M	10.0M	51.7M	56.1M	64.5M	67.7M
Short Long Term Debt	450.7M	738.0M	376.4M	151.6M	185.2M	359.2M
Total Current Assets	823.9M	1.2B	1.5B	2.9B	2.9B	1.5B
Intangible Assets	34.3M	105.6M	130.6M	393.1M	436.9M	458.7M
Property Plant Equipment	470.4M	677.9M	852.2M	1.2B	1.4B	1.5B
Net Invested Capital	1.2B	1.9B	2.3B	4.4B	5.1B	2.6B
Net Working Capital	155.4M	135.7M	647.4M	2.1B	1.6B	1.7B

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Other Information on Investing in Konfoong Stock

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

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Konfoong Income Tax Expense vs Operating Income Analysis

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Income

Konfoong Materials fundamental ratios Correlations

Konfoong Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Konfoong Materials fundamental ratios Accounts

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Other Information on Investing in Konfoong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Intangible Assets	+ 1.0	Total Stockholder Equity
Intangible Assets	+ 1.0	Net Tangible Assets
Inventory	+ 1.0	Retained Earnings
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Stockholder Equity	+ 0.99	Total Assets

Short Term Debt	- 0.95	Non Current Liabilities Other
Non Current Liabilities Other	- 0.9	Total Current Liabilities
Non Current Liabilities Other	- 0.86	Non Currrent Assets Other
Non Current Liabilities Other	- 0.79	Total Liab
Non Current Liabilities Other	- 0.79	Other Assets
Common Stock	- 0.77	Non Current Liabilities Other