Wankai Total Revenue vs Net Income Analysis

301216 Stock   10.73  0.03  0.28%   
Wankai New financial indicator trend analysis is more than just analyzing Wankai New Materials current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wankai New Materials is a good investment. Please check the relationship between Wankai New Total Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wankai 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 board of governors.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wankai New Materials Total Revenue account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Wankai New's Total Revenue and Net Income is 0.81. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Wankai New Materials, assuming nothing else is changed. The correlation between historical values of Wankai New's Total Revenue and Net 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 Total Revenue of Wankai New Materials are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Wankai New's Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Total Revenue

Total revenue comprises all receipts Wankai 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Wankai New Materials financial statement analysis. It represents the amount of money remaining after all of Wankai New Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Wankai New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wankai 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 Wankai 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 board of governors.
The current year's Tax Provision is expected to grow to about 117.3 M, whereas Selling General Administrative is forecasted to decline to about 73.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense90.4M141.0M101.3M139.8M
Interest Income4.2M40.0M70.0M54.6M

Wankai New fundamental ratios Correlations

-0.810.990.990.390.94-0.320.820.960.70.130.890.950.660.970.90.981.00.970.990.89-0.10.940.970.970.97
-0.81-0.81-0.76-0.68-0.590.78-0.49-0.81-0.6-0.46-0.89-0.93-0.76-0.85-0.74-0.85-0.82-0.84-0.78-0.67-0.36-0.7-0.71-0.83-0.82
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0.99-0.760.960.270.95-0.290.870.930.670.030.840.930.60.940.910.950.990.950.990.89-0.090.971.00.940.94
0.39-0.680.420.270.23-0.48-0.180.550.520.930.570.540.840.570.180.530.380.410.280.430.190.080.190.550.53
0.94-0.590.920.950.230.00.810.920.670.020.740.820.570.910.810.910.930.880.930.91-0.340.890.950.910.92
-0.320.78-0.3-0.29-0.480.0-0.11-0.3-0.16-0.38-0.49-0.55-0.43-0.35-0.35-0.34-0.34-0.37-0.31-0.16-0.82-0.31-0.24-0.3-0.29
0.82-0.490.810.87-0.180.81-0.110.630.34-0.460.680.670.120.650.920.730.830.830.890.59-0.230.950.890.680.69
0.96-0.810.920.930.550.92-0.30.630.810.370.820.950.841.00.750.960.950.890.90.97-0.050.820.910.980.99
0.7-0.60.650.670.520.67-0.160.340.810.50.530.730.820.780.410.720.670.590.610.85-0.030.530.660.810.82
0.13-0.460.130.030.930.02-0.38-0.460.370.50.240.330.80.37-0.160.270.120.10.00.330.3-0.18-0.040.320.32
0.89-0.890.940.840.570.74-0.490.680.820.530.240.890.60.870.910.940.910.960.90.66-0.060.790.790.890.88
0.95-0.930.920.930.540.82-0.550.670.950.730.330.890.790.970.820.950.950.920.920.880.180.860.90.950.95
0.66-0.760.620.60.840.57-0.430.120.840.820.80.60.790.820.330.730.640.580.540.820.230.410.550.780.78
0.97-0.850.950.940.570.91-0.350.651.00.780.370.870.970.820.790.980.960.920.920.94-0.040.830.910.990.99
0.9-0.740.930.910.180.81-0.350.920.750.41-0.160.910.820.330.790.880.920.960.960.62-0.140.940.890.820.81
0.98-0.850.990.950.530.91-0.340.730.960.720.270.940.950.730.980.880.980.980.960.88-0.120.870.920.990.99
1.0-0.820.990.990.380.93-0.340.830.950.670.120.910.950.640.960.920.980.980.990.87-0.080.950.970.970.97
0.97-0.840.990.950.410.88-0.370.830.890.590.10.960.920.580.920.960.980.980.980.78-0.120.920.920.940.94
0.99-0.780.980.990.280.93-0.310.890.90.610.00.90.920.540.920.960.960.990.980.82-0.120.970.980.930.93
0.89-0.670.830.890.430.91-0.160.590.970.850.330.660.880.820.940.620.880.870.780.82-0.080.770.880.920.93
-0.1-0.36-0.18-0.090.19-0.34-0.82-0.23-0.05-0.030.3-0.060.180.23-0.04-0.14-0.12-0.08-0.12-0.12-0.08-0.04-0.1-0.12-0.12
0.94-0.70.910.970.080.89-0.310.950.820.53-0.180.790.860.410.830.940.870.950.920.970.77-0.040.980.840.84
0.97-0.710.941.00.190.95-0.240.890.910.66-0.040.790.90.550.910.890.920.970.920.980.88-0.10.980.910.92
0.97-0.830.970.940.550.91-0.30.680.980.810.320.890.950.780.990.820.990.970.940.930.92-0.120.840.911.0
0.97-0.820.960.940.530.92-0.290.690.990.820.320.880.950.780.990.810.990.970.940.930.93-0.120.840.921.0
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Wankai New Account Relationship Matchups

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Other Information on Investing in Wankai Stock

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