YiDong Income Before Tax vs Gross Profit Analysis

301123 Stock

21.03 0.23 1.08%

YiDong Electronics financial indicator trend analysis is more than just analyzing YiDong Electronics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YiDong Electronics is a good investment. Please check the relationship between YiDong Electronics Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in YiDong Electronics Technology. 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 Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YiDong Electronics Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between YiDong Electronics' Income Before Tax and Gross Profit is 0.95. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of YiDong Electronics Technology, assuming nothing else is changed. The correlation between historical values of YiDong Electronics' Income Before Tax and Gross Profit 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 YiDong Electronics Technology are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., YiDong Electronics' Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Gross Profit

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

Most indicators from YiDong Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YiDong Electronics 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 YiDong Electronics Technology. 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 (16.6 M). In addition to that, Selling General Administrative is expected to decline to about 57.2 M

	2021	2022	2023	2024 (projected)
Interest Expense	7.2M	2.0M	1.4M	1.4M
Interest Income	698.2K	42.8M	34.5M	18.7M

Interest Expense Interest Income

YiDong Electronics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		-0.85	0.74	1.0	-0.2	0.82	0.97	0.97	0.98	0.82	0.84	0.97	-0.35	0.89	0.89	0.99	0.8	1.0	-0.95	0.99	0.97	0.98	0.84	0.96	0.57	0.96
Other Current Liab	-0.85		-0.71	-0.85	-0.18	-0.54	-0.8	-0.9	-0.79	-0.72	-0.56	-0.82	-0.1	-0.65	-0.69	-0.79	-0.72	-0.86	0.75	-0.88	-0.82	-0.86	-0.52	-0.8	-0.47	-0.8
Total Current Liabilities	0.74	-0.71		0.71	0.04	0.43	0.85	0.62	0.83	0.35	0.53	0.86	-0.08	0.77	0.55	0.81	0.99	0.72	-0.66	0.66	0.86	0.6	0.53	0.88	0.85	0.88
Total Stockholder Equity	1.0	-0.85	0.71		-0.22	0.83	0.96	0.98	0.97	0.83	0.84	0.96	-0.36	0.88	0.9	0.98	0.78	1.0	-0.95	0.99	0.96	0.99	0.84	0.95	0.54	0.95
Net Debt	-0.2	-0.18	0.04	-0.22		-0.41	-0.18	-0.14	-0.22	-0.12	-0.45	-0.2	0.77	-0.22	-0.28	-0.23	-0.02	-0.2	0.45	-0.19	-0.2	-0.2	-0.44	-0.21	-0.37	-0.22
Retained Earnings	0.82	-0.54	0.43	0.83	-0.41		0.81	0.75	0.79	0.91	0.99	0.71	-0.75	0.89	0.98	0.81	0.55	0.82	-0.88	0.82	0.71	0.83	0.99	0.72	0.35	0.74
Accounts Payable	0.97	-0.8	0.85	0.96	-0.18	0.81		0.88	0.99	0.75	0.85	0.97	-0.4	0.96	0.88	0.99	0.91	0.96	-0.92	0.93	0.97	0.9	0.86	0.98	0.68	0.99
Cash	0.97	-0.9	0.62	0.98	-0.14	0.75	0.88		0.91	0.82	0.74	0.91	-0.21	0.76	0.83	0.92	0.68	0.98	-0.9	0.99	0.91	0.99	0.73	0.89	0.44	0.89
Non Current Assets Total	0.98	-0.79	0.83	0.97	-0.22	0.79	0.99	0.91		0.72	0.83	0.99	-0.38	0.93	0.86	1.0	0.89	0.97	-0.92	0.94	0.99	0.91	0.84	0.99	0.66	0.99
Non Currrent Assets Other	0.82	-0.72	0.35	0.83	-0.12	0.91	0.75	0.82	0.72		0.87	0.66	-0.46	0.78	0.94	0.75	0.46	0.83	-0.82	0.87	0.66	0.88	0.85	0.65	0.16	0.66
Net Receivables	0.84	-0.56	0.53	0.84	-0.45	0.99	0.85	0.74	0.83	0.87		0.76	-0.76	0.93	0.98	0.84	0.64	0.84	-0.91	0.83	0.76	0.83	1.0	0.78	0.49	0.79
Common Stock Shares Outstanding	0.97	-0.82	0.86	0.96	-0.2	0.71	0.97	0.91	0.99	0.66	0.76		-0.28	0.87	0.79	0.98	0.9	0.96	-0.9	0.93	1.0	0.9	0.75	1.0	0.71	0.99
Short Term Investments	-0.35	-0.1	-0.08	-0.36	0.77	-0.75	-0.4	-0.21	-0.38	-0.46	-0.76	-0.28		-0.58	-0.62	-0.39	-0.2	-0.34	0.54	-0.32	-0.28	-0.33	-0.77	-0.32	-0.28	-0.34
Non Current Liabilities Total	0.89	-0.65	0.77	0.88	-0.22	0.89	0.96	0.76	0.93	0.78	0.93	0.87	-0.58		0.93	0.93	0.85	0.88	-0.87	0.84	0.87	0.82	0.94	0.9	0.61	0.91
Inventory	0.89	-0.69	0.55	0.9	-0.28	0.98	0.88	0.83	0.86	0.94	0.98	0.79	-0.62	0.93		0.87	0.66	0.89	-0.91	0.9	0.79	0.9	0.97	0.8	0.41	0.82
Other Current Assets	0.99	-0.79	0.81	0.98	-0.23	0.81	0.99	0.92	1.0	0.75	0.84	0.98	-0.39	0.93	0.87		0.87	0.98	-0.93	0.95	0.98	0.93	0.85	0.99	0.64	0.99
Total Liab	0.8	-0.72	0.99	0.78	-0.02	0.55	0.91	0.68	0.89	0.46	0.64	0.9	-0.2	0.85	0.66	0.87		0.79	-0.73	0.73	0.9	0.67	0.64	0.92	0.83	0.92
Net Invested Capital	1.0	-0.86	0.72	1.0	-0.2	0.82	0.96	0.98	0.97	0.83	0.84	0.96	-0.34	0.88	0.89	0.98	0.79		-0.95	0.99	0.96	0.98	0.83	0.95	0.54	0.95
Short Long Term Debt	-0.95	0.75	-0.66	-0.95	0.45	-0.88	-0.92	-0.9	-0.92	-0.82	-0.91	-0.9	0.54	-0.87	-0.91	-0.93	-0.73	-0.95		-0.94	-0.9	-0.93	-0.89	-0.9	-0.65	-0.91
Total Current Assets	0.99	-0.88	0.66	0.99	-0.19	0.82	0.93	0.99	0.94	0.87	0.83	0.93	-0.32	0.84	0.9	0.95	0.73	0.99	-0.94		0.93	1.0	0.81	0.91	0.48	0.92
Capital Stock	0.97	-0.82	0.86	0.96	-0.2	0.71	0.97	0.91	0.99	0.66	0.76	1.0	-0.28	0.87	0.79	0.98	0.9	0.96	-0.9	0.93		0.9	0.75	1.0	0.71	0.99
Net Working Capital	0.98	-0.86	0.6	0.99	-0.2	0.83	0.9	0.99	0.91	0.88	0.83	0.9	-0.33	0.82	0.9	0.93	0.67	0.98	-0.93	1.0	0.9		0.81	0.88	0.43	0.89
Intangible Assets	0.84	-0.52	0.53	0.84	-0.44	0.99	0.86	0.73	0.84	0.85	1.0	0.75	-0.77	0.94	0.97	0.85	0.64	0.83	-0.89	0.81	0.75	0.81		0.78	0.46	0.79
Property Plant And Equipment Net	0.96	-0.8	0.88	0.95	-0.21	0.72	0.98	0.89	0.99	0.65	0.78	1.0	-0.32	0.9	0.8	0.99	0.92	0.95	-0.9	0.91	1.0	0.88	0.78		0.74	1.0
Capital Lease Obligations	0.57	-0.47	0.85	0.54	-0.37	0.35	0.68	0.44	0.66	0.16	0.49	0.71	-0.28	0.61	0.41	0.64	0.83	0.54	-0.65	0.48	0.71	0.43	0.46	0.74		0.74
Property Plant And Equipment Gross	0.96	-0.8	0.88	0.95	-0.22	0.74	0.99	0.89	0.99	0.66	0.79	0.99	-0.34	0.91	0.82	0.99	0.92	0.95	-0.91	0.92	0.99	0.89	0.79	1.0	0.74

Click cells to compare fundamentals

YiDong Electronics 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.

C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in YiDong Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

YiDong Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

YiDong Electronics fundamental ratios Correlations

YiDong Electronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Also Currently Popular

Other Information on Investing in YiDong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Other Current Assets	+ 1.0	Non Current Assets Total
Intangible Assets	+ 1.0	Net Receivables
Capital Stock	+ 1.0	Common Stock Shares Outstanding

Short Long Term Debt	- 0.95	Net Invested Capital
Short Long Term Debt	- 0.95	Total Stockholder Equity
Short Long Term Debt	- 0.95	Total Assets
Total Current Assets	- 0.94	Short Long Term Debt
Net Working Capital	- 0.93	Short Long Term Debt
Short Long Term Debt	- 0.93	Other Current Assets