Hengerda Income Before Tax vs Total Revenue Analysis

300946 Stock   30.05  0.12  0.40%   
Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Income Before Tax and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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 Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hengerda New's Income Before Tax and Total Revenue is 0.63. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Income Before Tax 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 Income Before Tax of Hengerda New Materials 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 Income Before Tax i.e., Hengerda New's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Hengerda New income statement and is an important metric when analyzing Hengerda New Materials 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.

Total Revenue

Total revenue comprises all receipts Hengerda New Materials 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 Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New 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 Hengerda New Materials. 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.
As of December 13, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M
 2021 2022 2023 2024 (projected)
Interest Expense80.6K330.4K499.4K474.4K
Interest Income2.0M747.9K507.3K859.0K

Hengerda New fundamental ratios Correlations

-0.440.870.990.990.970.860.950.870.990.990.740.960.340.851.0-0.330.950.930.880.860.9-0.570.91-0.840.71
-0.44-0.27-0.47-0.53-0.39-0.23-0.33-0.54-0.43-0.35-0.02-0.25-0.5-0.21-0.450.44-0.51-0.24-0.53-0.81-0.17-0.02-0.180.11-0.01
0.87-0.270.810.880.970.770.940.510.870.90.870.930.071.00.850.180.710.880.570.70.94-0.690.94-0.850.94
0.99-0.470.810.980.940.840.920.910.990.980.690.940.390.791.0-0.420.970.90.920.870.86-0.540.87-0.810.64
0.99-0.530.880.980.960.880.960.840.990.960.740.950.270.850.98-0.280.910.930.830.910.9-0.580.91-0.850.71
0.97-0.390.970.940.960.830.970.720.960.980.820.970.240.950.96-0.080.860.920.760.820.94-0.640.95-0.860.85
0.86-0.230.770.840.880.830.930.690.90.830.750.91-0.160.780.86-0.140.690.970.60.70.93-0.560.93-0.920.67
0.95-0.330.940.920.960.970.930.70.960.950.820.990.040.930.94-0.060.80.990.690.780.99-0.60.99-0.910.82
0.87-0.540.510.910.840.720.690.70.860.830.410.730.560.470.89-0.750.950.710.980.810.61-0.330.62-0.60.29
0.99-0.430.870.990.990.960.90.960.860.980.760.970.260.850.99-0.310.920.950.850.860.92-0.590.93-0.880.72
0.99-0.350.90.980.960.980.830.950.830.980.780.980.330.880.99-0.260.930.930.860.80.92-0.610.92-0.850.77
0.74-0.020.870.690.740.820.750.820.410.760.780.83-0.090.870.720.230.580.780.450.570.87-0.940.87-0.940.94
0.96-0.250.930.940.950.970.910.990.730.970.980.830.110.920.96-0.110.840.980.740.740.98-0.640.98-0.920.83
0.34-0.50.070.390.270.24-0.160.040.560.260.33-0.090.110.010.35-0.660.6-0.020.680.41-0.070.02-0.050.13-0.09
0.85-0.211.00.790.850.950.780.930.470.850.880.870.920.010.820.230.670.880.520.650.95-0.670.95-0.850.95
1.0-0.450.851.00.980.960.860.940.890.990.990.720.960.350.82-0.360.950.920.890.860.89-0.560.9-0.830.68
-0.330.440.18-0.42-0.28-0.08-0.14-0.06-0.75-0.31-0.260.23-0.11-0.660.23-0.36-0.56-0.11-0.7-0.40.05-0.180.04-0.020.39
0.95-0.510.710.970.910.860.690.80.950.920.930.580.840.60.670.95-0.560.770.980.850.72-0.480.73-0.680.52
0.93-0.240.880.90.930.920.970.990.710.950.930.780.98-0.020.880.92-0.110.770.670.710.98-0.550.98-0.910.76
0.88-0.530.570.920.830.760.60.690.980.850.860.450.740.680.520.89-0.70.980.670.810.6-0.380.61-0.570.37
0.86-0.810.70.870.910.820.70.780.810.860.80.570.740.410.650.86-0.40.850.710.810.68-0.480.68-0.660.5
0.9-0.170.940.860.90.940.930.990.610.920.920.870.98-0.070.950.890.050.720.980.60.68-0.661.0-0.940.88
-0.57-0.02-0.69-0.54-0.58-0.64-0.56-0.6-0.33-0.59-0.61-0.94-0.640.02-0.67-0.56-0.18-0.48-0.55-0.38-0.48-0.66-0.670.83-0.82
0.91-0.180.940.870.910.950.930.990.620.930.920.870.98-0.050.950.90.040.730.980.610.681.0-0.67-0.940.88
-0.840.11-0.85-0.81-0.85-0.86-0.92-0.91-0.6-0.88-0.85-0.94-0.920.13-0.85-0.83-0.02-0.68-0.91-0.57-0.66-0.940.83-0.94-0.84
0.71-0.010.940.640.710.850.670.820.290.720.770.940.83-0.090.950.680.390.520.760.370.50.88-0.820.88-0.84
Click cells to compare fundamentals

Hengerda New Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Hengerda Stock

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