YiDong Income Before Tax vs Total Operating Expenses 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 Total Operating Expenses 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 Total Operating Expenses

Income Before Tax vs Total Operating Expenses 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 Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between YiDong Electronics' Income Before Tax and Total Operating Expenses is -0.36. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses 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 Total Operating Expenses 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 Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., YiDong Electronics' Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
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 Expense7.2M2.0M1.4M1.4M
Interest Income698.2K42.8M34.5M18.7M

YiDong Electronics fundamental ratios Correlations

-0.850.741.0-0.20.820.970.970.980.820.840.97-0.350.890.890.990.81.0-0.950.990.970.980.840.960.570.96
-0.85-0.71-0.85-0.18-0.54-0.8-0.9-0.79-0.72-0.56-0.82-0.1-0.65-0.69-0.79-0.72-0.860.75-0.88-0.82-0.86-0.52-0.8-0.47-0.8
0.74-0.710.710.040.430.850.620.830.350.530.86-0.080.770.550.810.990.72-0.660.660.860.60.530.880.850.88
1.0-0.850.71-0.220.830.960.980.970.830.840.96-0.360.880.90.980.781.0-0.950.990.960.990.840.950.540.95
-0.2-0.180.04-0.22-0.41-0.18-0.14-0.22-0.12-0.45-0.20.77-0.22-0.28-0.23-0.02-0.20.45-0.19-0.2-0.2-0.44-0.21-0.37-0.22
0.82-0.540.430.83-0.410.810.750.790.910.990.71-0.750.890.980.810.550.82-0.880.820.710.830.990.720.350.74
0.97-0.80.850.96-0.180.810.880.990.750.850.97-0.40.960.880.990.910.96-0.920.930.970.90.860.980.680.99
0.97-0.90.620.98-0.140.750.880.910.820.740.91-0.210.760.830.920.680.98-0.90.990.910.990.730.890.440.89
0.98-0.790.830.97-0.220.790.990.910.720.830.99-0.380.930.861.00.890.97-0.920.940.990.910.840.990.660.99
0.82-0.720.350.83-0.120.910.750.820.720.870.66-0.460.780.940.750.460.83-0.820.870.660.880.850.650.160.66
0.84-0.560.530.84-0.450.990.850.740.830.870.76-0.760.930.980.840.640.84-0.910.830.760.831.00.780.490.79
0.97-0.820.860.96-0.20.710.970.910.990.660.76-0.280.870.790.980.90.96-0.90.931.00.90.751.00.710.99
-0.35-0.1-0.08-0.360.77-0.75-0.4-0.21-0.38-0.46-0.76-0.28-0.58-0.62-0.39-0.2-0.340.54-0.32-0.28-0.33-0.77-0.32-0.28-0.34
0.89-0.650.770.88-0.220.890.960.760.930.780.930.87-0.580.930.930.850.88-0.870.840.870.820.940.90.610.91
0.89-0.690.550.9-0.280.980.880.830.860.940.980.79-0.620.930.870.660.89-0.910.90.790.90.970.80.410.82
0.99-0.790.810.98-0.230.810.990.921.00.750.840.98-0.390.930.870.870.98-0.930.950.980.930.850.990.640.99
0.8-0.720.990.78-0.020.550.910.680.890.460.640.9-0.20.850.660.870.79-0.730.730.90.670.640.920.830.92
1.0-0.860.721.0-0.20.820.960.980.970.830.840.96-0.340.880.890.980.79-0.950.990.960.980.830.950.540.95
-0.950.75-0.66-0.950.45-0.88-0.92-0.9-0.92-0.82-0.91-0.90.54-0.87-0.91-0.93-0.73-0.95-0.94-0.9-0.93-0.89-0.9-0.65-0.91
0.99-0.880.660.99-0.190.820.930.990.940.870.830.93-0.320.840.90.950.730.99-0.940.931.00.810.910.480.92
0.97-0.820.860.96-0.20.710.970.910.990.660.761.0-0.280.870.790.980.90.96-0.90.930.90.751.00.710.99
0.98-0.860.60.99-0.20.830.90.990.910.880.830.9-0.330.820.90.930.670.98-0.931.00.90.810.880.430.89
0.84-0.520.530.84-0.440.990.860.730.840.851.00.75-0.770.940.970.850.640.83-0.890.810.750.810.780.460.79
0.96-0.80.880.95-0.210.720.980.890.990.650.781.0-0.320.90.80.990.920.95-0.90.911.00.880.780.741.0
0.57-0.470.850.54-0.370.350.680.440.660.160.490.71-0.280.610.410.640.830.54-0.650.480.710.430.460.740.74
0.96-0.80.880.95-0.220.740.990.890.990.660.790.99-0.340.910.820.990.920.95-0.910.920.990.890.791.00.74
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YiDong Electronics Account Relationship Matchups

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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.