China Income Tax Expense vs Operating Income Analysis

600111 Stock

23.35 0.50 2.19%

China Northern financial indicator trend analysis is way more than just evaluating China Northern Rare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Northern Rare is a good investment. Please check the relationship between China Northern Income Tax Expense and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Northern Rare. 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.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Northern Rare Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between China Northern's Income Tax Expense and Operating Income is 0.86. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of China Northern Rare, assuming nothing else is changed. The correlation between historical values of China Northern's Income Tax Expense and Operating 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 Income Tax Expense of China Northern Rare are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., China Northern's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from China Northern Rare operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of China Northern Rare is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from China Northern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Northern Rare 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 China Northern Rare. 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 Selling General Administrative is expected to grow to about 327.4 M, whereas Tax Provision is forecasted to decline to about 504.8 M.

	2021	2022	2023	2024 (projected)
Operating Income	7.2B	8.9B	3.8B	4.0B
Total Revenue	30.4B	37.3B	33.5B	35.2B

Operating Income Total Revenue

China Northern fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Long Term Debt	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.83	0.67	0.97	0.95	0.88	0.85	0.1	0.78	0.97	0.37	0.93	0.44	0.76	0.98	0.88	0.48	0.71	0.8	0.79	0.58	0.75	0.3	0.88	0.68	0.86
Other Current Liab	0.83		0.59	0.81	0.83	0.83	0.71	0.27	0.37	0.85	0.18	0.7	0.16	0.4	0.81	0.58	0.19	0.54	0.71	0.52	0.66	0.48	-0.01	0.7	0.38	0.75
Total Current Liabilities	0.67	0.59		0.59	0.6	0.73	0.7	0.55	0.46	0.66	0.42	0.7	0.41	0.51	0.57	0.45	0.25	0.4	0.65	0.5	0.56	0.47	0.1	0.6	0.39	0.55
Total Stockholder Equity	0.97	0.81	0.59		0.99	0.87	0.78	0.08	0.7	0.94	0.31	0.82	0.31	0.74	0.97	0.85	0.31	0.63	0.81	0.73	0.65	0.66	0.22	0.86	0.62	0.89
Retained Earnings	0.95	0.83	0.6	0.99		0.87	0.76	0.06	0.67	0.92	0.3	0.8	0.3	0.66	0.94	0.82	0.29	0.65	0.85	0.73	0.69	0.66	0.16	0.88	0.6	0.9
Accounts Payable	0.88	0.83	0.73	0.87	0.87		0.73	0.44	0.54	0.87	0.14	0.76	0.17	0.56	0.84	0.62	0.13	0.48	0.71	0.51	0.68	0.42	-0.06	0.67	0.34	0.72
Cash	0.85	0.71	0.7	0.78	0.76	0.73		0.12	0.63	0.77	0.27	0.89	0.39	0.69	0.77	0.74	0.5	0.64	0.69	0.71	0.45	0.61	0.33	0.76	0.64	0.65
Other Assets	0.1	0.27	0.55	0.08	0.06	0.44	0.12		-0.19	0.2	-0.1	0.07	-0.09	0.07	0.07	-0.18	-0.31	-0.25	0.02	-0.24	0.25	-0.25	-0.38	-0.14	-0.32	-0.02
Net Receivables	0.78	0.37	0.46	0.7	0.67	0.54	0.63	-0.19		0.7	0.4	0.85	0.75	0.79	0.77	0.85	0.71	0.72	0.57	0.75	0.22	0.78	0.52	0.73	0.75	0.63
Inventory	0.97	0.85	0.66	0.94	0.92	0.87	0.77	0.2	0.7		0.41	0.89	0.39	0.71	0.97	0.81	0.41	0.62	0.73	0.74	0.53	0.71	0.28	0.82	0.62	0.83
Other Current Assets	0.37	0.18	0.42	0.31	0.3	0.14	0.27	-0.1	0.4	0.41		0.44	0.55	0.58	0.37	0.5	0.38	0.25	0.24	0.56	-0.1	0.57	0.64	0.43	0.62	0.28
Total Liab	0.93	0.7	0.7	0.82	0.8	0.76	0.89	0.07	0.85	0.89	0.44		0.6	0.77	0.88	0.85	0.69	0.77	0.7	0.82	0.38	0.81	0.44	0.84	0.75	0.73
Intangible Assets	0.44	0.16	0.41	0.31	0.3	0.17	0.39	-0.09	0.75	0.39	0.55	0.6		0.62	0.41	0.63	0.77	0.59	0.34	0.6	-0.08	0.68	0.57	0.5	0.67	0.32
Common Stock	0.76	0.4	0.51	0.74	0.66	0.56	0.69	0.07	0.79	0.71	0.58	0.77	0.62		0.78	0.88	0.5	0.52	0.48	0.66	0.16	0.64	0.61	0.63	0.76	0.56
Property Plant Equipment	0.98	0.81	0.57	0.97	0.94	0.84	0.77	0.07	0.77	0.97	0.37	0.88	0.41	0.78		0.89	0.46	0.69	0.77	0.77	0.54	0.74	0.32	0.86	0.69	0.88
Other Liab	0.88	0.58	0.45	0.85	0.82	0.62	0.74	-0.18	0.85	0.81	0.5	0.85	0.63	0.88	0.89		0.65	0.76	0.72	0.86	0.33	0.84	0.59	0.87	0.89	0.79
Long Term Debt	0.48	0.19	0.25	0.31	0.29	0.13	0.5	-0.31	0.71	0.41	0.38	0.69	0.77	0.5	0.46	0.65		0.78	0.42	0.74	-0.05	0.84	0.59	0.62	0.75	0.44
Short Term Investments	0.71	0.54	0.4	0.63	0.65	0.48	0.64	-0.25	0.72	0.62	0.25	0.77	0.59	0.52	0.69	0.76	0.78		0.72	0.7	0.39	0.79	0.27	0.83	0.67	0.7
Net Tangible Assets	0.8	0.71	0.65	0.81	0.85	0.71	0.69	0.02	0.57	0.73	0.24	0.7	0.34	0.48	0.77	0.72	0.42	0.72		0.78	0.84	0.76	0.1	0.94	0.61	0.95
Other Stockholder Equity	0.79	0.52	0.5	0.73	0.73	0.51	0.71	-0.24	0.75	0.74	0.56	0.82	0.6	0.66	0.77	0.86	0.74	0.7	0.78		0.37	0.95	0.56	0.92	0.87	0.81
Deferred Long Term Liab	0.58	0.66	0.56	0.65	0.69	0.68	0.45	0.25	0.22	0.53	-0.1	0.38	-0.08	0.16	0.54	0.33	-0.05	0.39	0.84	0.37		0.34	-0.34	0.64	0.13	0.78
Long Term Investments	0.75	0.48	0.47	0.66	0.66	0.42	0.61	-0.25	0.78	0.71	0.57	0.81	0.68	0.64	0.74	0.84	0.84	0.79	0.76	0.95	0.34		0.58	0.9	0.88	0.81
Short Long Term Debt	0.3	-0.01	0.1	0.22	0.16	-0.06	0.33	-0.38	0.52	0.28	0.64	0.44	0.57	0.61	0.32	0.59	0.59	0.27	0.1	0.56	-0.34	0.58		0.36	0.84	0.2
Total Current Assets	0.88	0.7	0.6	0.86	0.88	0.67	0.76	-0.14	0.73	0.82	0.43	0.84	0.5	0.63	0.86	0.87	0.62	0.83	0.94	0.92	0.64	0.9	0.36		0.8	0.94
Short Term Debt	0.68	0.38	0.39	0.62	0.6	0.34	0.64	-0.32	0.75	0.62	0.62	0.75	0.67	0.76	0.69	0.89	0.75	0.67	0.61	0.87	0.13	0.88	0.84	0.8		0.66
Non Current Assets Total	0.86	0.75	0.55	0.89	0.9	0.72	0.65	-0.02	0.63	0.83	0.28	0.73	0.32	0.56	0.88	0.79	0.44	0.7	0.95	0.81	0.78	0.81	0.2	0.94	0.66

Click cells to compare fundamentals

China Northern Account Relationship Matchups

China Northern fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.2B	25.5B	34.7B	36.6B	40.5B	42.5B
Other Current Liab	669.6M	875.1M	1.5B	1.9B	1.8B	1.9B
Total Current Liabilities	5.7B	4.6B	10.0B	9.3B	9.2B	4.7B
Total Stockholder Equity	9.6B	10.4B	15.3B	19.8B	21.6B	22.7B
Retained Earnings	5.8B	6.6B	11.6B	15.8B	15.2B	15.9B
Accounts Payable	1.3B	1.3B	2.3B	2.4B	2.6B	2.8B
Cash	2.5B	4.0B	6.5B	4.4B	5.3B	5.6B
Other Assets	937.4M	1.1B	1.2B	1.7B	1.9B	985.2M
Net Receivables	3.4B	3.4B	3.8B	2.2B	3.5B	3.7B
Inventory	9.3B	9.0B	10.3B	14.5B	14.8B	15.6B
Other Current Assets	1.2B	236.9M	618.2M	1.1B	425.7M	383.9M
Total Liab	10.3B	11.7B	15.5B	11.6B	13.6B	14.3B
Intangible Assets	795.5M	817.3M	789.0M	582.8M	568.7M	409.6M
Property Plant Equipment	3.8B	4.4B	4.5B	5.7B	6.6B	6.9B
Other Liab	413.1M	461.6M	487.9M	465.4M	535.2M	562.0M
Long Term Debt	4.2B	7.2B	4.9B	1.8B	3.3B	1.7B
Short Term Investments	438M	142.1M	734.0M	505.1M	384.1M	403.3M
Net Tangible Assets	8.5B	8.8B	10.4B	14.5B	16.7B	10.4B
Other Stockholder Equity	227.9M	177.1M	230.4M	235.1M	270.3M	172.5M
Deferred Long Term Liab	240.5M	226.8M	238.6M	306.4M	352.3M	273.0M
Short Long Term Debt	3.5B	2.2B	1.6B	1.4B	2.0B	2.0B
Total Current Assets	16.8B	19.3B	26.7B	27.2B	29.0B	21.0B
Non Current Assets Total	6.4B	7.0B	8.0B	9.5B	11.5B	8.1B
Non Currrent Assets Other	129.1M	187.4M	158.3M	229.2M	785.4M	824.7M
Non Current Liabilities Total	4.6B	7.7B	5.4B	2.3B	4.3B	4.6B
Net Debt	5.6B	5.2B	5.4B	27.7M	24.9M	23.7M
Net Invested Capital	17.3B	19.9B	21.9B	23.1B	26.9B	22.6B
Non Current Liabilities Other	4.8B	4.2B	16.4M	2.6M	2.1M	2.0M
Net Working Capital	11.0B	14.4B	16.7B	17.8B	19.7B	15.7B

Currently Active Assets on Macroaxis

TITAN	Titan Company Limited
U	Unity Software
PAYC	Paycom Soft
HBI	Hanesbrands
STLD	Steel Dynamics

Other Information on Investing in China Stock

Balance Sheet is a snapshot of the financial position of China Northern Rare at a specified time, usually calculated after every quarter, six months, or one year. China Northern Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Northern 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 China 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

China Income Tax Expense vs Operating Income Analysis

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Income

China Northern fundamental ratios Correlations

China Northern Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Northern fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.97	Total Assets
Inventory	+ 0.97	Total Assets
Property Plant Equipment	+ 0.97	Total Stockholder Equity
Property Plant Equipment	+ 0.97	Inventory

Short Long Term Debt	- 0.38	Other Assets
Short Long Term Debt	- 0.34	Deferred Long Term Liab
Short Term Debt	- 0.32	Other Assets
Long Term Debt	- 0.31	Other Assets
Long Term Investments	- 0.25	Other Assets
Short Term Investments	- 0.25	Other Assets