Winner Other Operating Expenses vs Income Before Tax Analysis

300888 Stock   35.20  0.10  0.28%   
Winner Medical Co financial indicator trend analysis is more than just analyzing Winner Medical Co current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Winner Medical Co is a good investment. Please check the relationship between Winner Medical Co Other Operating Expenses and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Winner Medical Co. 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.

Other Operating Expenses vs Income Before Tax

Other Operating Expenses vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Winner Medical Co Other Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Winner Medical Co's Other Operating Expenses and Income Before Tax is 0.77. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Winner Medical Co, assuming nothing else is changed. The correlation between historical values of Winner Medical Co's Other Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Winner Medical Co are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Other Operating Expenses i.e., Winner Medical Co's Other Operating Expenses and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Winner Medical Co. It is also known as Winner Medical Co overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Winner Medical Co income statement and is an important metric when analyzing Winner Medical Co profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Winner Medical Co's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Winner Medical Co 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 Winner Medical Co. 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 222.6 M, whereas Selling General Administrative is forecasted to decline to about 1.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit4.0B5.4B4.0B3.9B
Total Revenue8.0B11.4B8.2B7.5B

Winner Medical Co fundamental ratios Correlations

0.690.940.990.860.971.00.890.980.90.80.940.780.840.940.910.050.950.740.840.980.820.820.920.830.8
0.690.640.710.340.690.710.410.70.440.440.570.610.280.650.47-0.310.620.450.590.750.480.320.390.270.14
0.940.640.890.870.840.920.920.880.960.730.880.670.810.860.950.311.00.650.810.890.740.890.840.850.75
0.990.710.890.820.991.00.851.00.840.80.940.810.810.940.86-0.080.90.750.821.00.820.760.920.780.78
0.860.340.870.820.780.840.860.820.890.680.80.620.960.780.870.410.880.610.70.80.760.980.90.980.87
0.970.690.840.990.780.980.830.990.80.80.930.810.780.930.83-0.160.860.760.80.990.820.70.920.740.79
1.00.710.921.00.840.980.870.990.870.80.950.820.830.950.89-0.030.930.770.850.990.830.780.910.80.77
0.890.410.920.850.860.830.870.830.940.820.940.720.840.880.980.280.930.780.740.820.830.860.90.890.87
0.980.70.881.00.820.990.990.830.830.790.910.770.80.920.83-0.10.890.70.820.990.780.740.920.760.79
0.90.440.960.840.890.80.870.940.830.730.880.620.860.820.970.40.970.660.820.820.730.910.880.890.85
0.80.440.730.80.680.80.80.820.790.730.890.670.720.870.75-0.140.750.760.80.780.730.640.770.730.68
0.940.570.880.940.80.930.950.940.910.880.890.860.830.980.93-0.010.90.90.830.920.910.760.90.830.8
0.780.610.670.810.620.810.820.720.770.620.670.860.710.920.74-0.20.680.940.710.810.90.550.680.640.52
0.840.280.810.810.960.780.830.840.80.860.720.830.710.830.860.310.830.70.790.780.790.930.890.970.85
0.940.650.860.940.780.930.950.880.920.820.870.980.920.830.88-0.080.870.910.850.930.910.740.850.80.71
0.910.470.950.860.870.830.890.980.830.970.750.930.740.860.880.330.960.790.770.840.840.880.880.890.84
0.05-0.310.31-0.080.41-0.16-0.030.28-0.10.4-0.14-0.01-0.20.31-0.080.330.3-0.12-0.01-0.10.030.550.130.440.27
0.950.621.00.90.880.860.930.930.890.970.750.90.680.830.870.960.30.670.830.890.750.890.860.870.77
0.740.450.650.750.610.760.770.780.70.660.760.90.940.70.910.79-0.120.670.660.730.950.560.710.680.6
0.840.590.810.820.70.80.850.740.820.820.80.830.710.790.850.77-0.010.830.660.810.620.690.710.720.58
0.980.750.891.00.80.990.990.820.990.820.780.920.810.780.930.84-0.10.890.730.810.810.740.890.760.74
0.820.480.740.820.760.820.830.830.780.730.730.910.90.790.910.840.030.750.950.620.810.710.810.80.7
0.820.320.890.760.980.70.780.860.740.910.640.760.550.930.740.880.550.890.560.690.740.710.830.980.81
0.920.390.840.920.90.920.910.90.920.880.770.90.680.890.850.880.130.860.710.710.890.810.830.880.96
0.830.270.850.780.980.740.80.890.760.890.730.830.640.970.80.890.440.870.680.720.760.80.980.880.85
0.80.140.750.780.870.790.770.870.790.850.680.80.520.850.710.840.270.770.60.580.740.70.810.960.85
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Winner Medical Co Account Relationship Matchups

Winner Medical Co fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.5B13.0B13.3B18.2B17.1B10.4B
Other Current Liab205.5M1.3B816.2M1.5B19.7M18.7M
Total Current Liabilities1.2B2.4B2.1B5.5B4.3B2.6B
Total Stockholder Equity3.2B10.5B10.7B11.7B11.5B7.4B
Other Liab46.7M107.1M123.0M241.0M277.2M291.1M
Net Tangible Assets3.0B10.2B10.4B9.6B11.1B6.2B
Retained Earnings1.8B5.5B6.0B7.2B6.6B4.1B
Accounts Payable735.8M756.0M770.7M1.1B1.4B904.7M
Cash480.8M4.2B4.3B4.5B4.7B2.7B
Non Current Assets Total1.9B2.0B2.9B6.1B6.6B3.3B
Non Currrent Assets Other19.0M63.8M115.6M83.5M104.9M77.1M
Other Assets253.8M328.3M413.1M422.0M485.3M309.5M
Net Receivables1.0B844.3M1.1B932.6M768.6M827.7M
Non Current Liabilities Total180.9M107.1M504.8M567.5M730.7M767.2M
Inventory992.4M1.2B1.6B1.6B1.4B1.2B
Other Current Assets180.6M159.2M179.1M348.3M383.2M213.7M
Other Stockholder Equity44.6K(1.1M)(1.6M)782.8K704.5K739.7K
Total Liab1.4B2.5B2.6B6.1B5.0B2.9B
Deferred Long Term Liab165.5M121.3M174.8M132.7M152.6M133.6M
Short Long Term Debt294.6M120M150.1M2.3B1.5B755.6M
Total Current Assets2.7B11.0B10.3B12.1B10.6B7.1B
Intangible Assets131.7M208.3M265.7M1.0B995.2M1.0B
Property Plant Equipment1.5B1.5B2.2B3.6B4.1B4.3B
Net Invested Capital3.4B10.6B10.7B14.0B13.2B9.0B
Net Working Capital1.5B8.6B8.3B6.6B6.3B5.1B

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Other Information on Investing in Winner Stock

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