Shanghai Income Before Tax vs Gross Profit Analysis

603057 Stock

18.67 0.07 0.37%

Shanghai Ziyan financial indicator trend analysis is much more than just breaking down Shanghai Ziyan Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Ziyan Foods is a good investment. Please check the relationship between Shanghai Ziyan 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 Shanghai Ziyan Foods. 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 Shanghai Ziyan Foods Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Shanghai Ziyan's Income Before Tax and Gross Profit is 0.19. 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 Shanghai Ziyan Foods, assuming nothing else is changed. The correlation between historical values of Shanghai Ziyan's 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 Shanghai Ziyan Foods 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., Shanghai Ziyan's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Shanghai Ziyan income statement and is an important metric when analyzing Shanghai Ziyan Foods 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 Shanghai Ziyan Foods minus its cost of goods sold. It is profit before Shanghai Ziyan 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 Shanghai Ziyan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Ziyan Foods 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 Shanghai Ziyan Foods. 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 4, 2024, Tax Provision is expected to decline to about 77.9 M. In addition to that, Selling General Administrative is expected to decline to about 176.6 M

	2021	2022	2023	2024 (projected)
Interest Expense	5.8M	3.2M	2.8M	4.2M
Interest Income	6.0M	6.4M	6.7M	6.6M

Interest Expense Interest Income

Shanghai Ziyan fundamental ratios Correlations

	Good Will	Short Long Term Debt	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Short Term Investments
Good Will		0.99	-0.79	-0.8	0.92	-0.82	0.81	-0.82	-0.05	-0.17	0.7	0.86	-0.95	-0.75	-0.96	0.79	-0.93	0.28	0.84	-0.81	-0.58	-0.79	-0.75	-0.85	0.72	-0.63
Short Long Term Debt	0.99		-0.8	-0.81	0.87	-0.83	0.72	-0.81	-0.07	-0.21	0.6	0.83	-0.93	-0.75	-0.93	0.7	-0.91	0.29	0.76	-0.81	-0.51	-0.8	-0.75	-0.83	0.62	-0.6
Total Assets	-0.79	-0.8		0.94	-0.82	0.99	-0.78	0.99	-0.25	0.63	-0.74	-0.97	0.86	0.96	0.83	-0.78	0.9	-0.74	-0.76	1.0	0.78	0.99	0.96	0.98	-0.59	0.81
Other Current Liab	-0.8	-0.81	0.94		-0.73	0.93	-0.71	0.9	-0.39	0.38	-0.63	-0.93	0.84	0.98	0.82	-0.68	0.82	-0.71	-0.63	0.94	0.71	0.94	0.98	0.9	-0.43	0.9
Total Current Liabilities	0.92	0.87	-0.82	-0.73		-0.85	0.9	-0.87	-0.13	-0.32	0.83	0.9	-0.96	-0.71	-0.96	0.91	-0.97	0.29	0.97	-0.83	-0.68	-0.8	-0.71	-0.91	0.89	-0.58
Total Stockholder Equity	-0.82	-0.83	0.99	0.93	-0.85		-0.76	0.99	-0.15	0.62	-0.7	-0.96	0.9	0.93	0.86	-0.76	0.93	-0.67	-0.77	1.0	0.72	1.0	0.93	0.98	-0.6	0.75
Property Plant And Equipment Net	0.81	0.72	-0.78	-0.71	0.9	-0.76		-0.81	0.23	-0.29	0.98	0.9	-0.79	-0.75	-0.83	0.99	-0.82	0.48	0.95	-0.76	-0.9	-0.72	-0.75	-0.88	0.92	-0.75
Retained Earnings	-0.82	-0.81	0.99	0.9	-0.87	0.99	-0.81		-0.16	0.64	-0.77	-0.98	0.89	0.92	0.86	-0.82	0.93	-0.68	-0.82	0.99	0.77	0.98	0.92	0.99	-0.66	0.75
Accounts Payable	-0.05	-0.07	-0.25	-0.39	-0.13	-0.15	0.23	-0.16		-0.07	0.29	0.26	0.12	-0.48	0.09	0.18	0.12	0.74	-0.06	-0.2	-0.57	-0.21	-0.48	-0.19	-0.11	-0.71
Cash	-0.17	-0.21	0.63	0.38	-0.32	0.62	-0.29	0.64	-0.07		-0.39	-0.5	0.29	0.48	0.2	-0.37	0.42	-0.68	-0.37	0.62	0.48	0.63	0.48	0.56	-0.28	0.26
Non Current Assets Total	0.7	0.6	-0.74	-0.63	0.83	-0.7	0.98	-0.77	0.29	-0.39		0.85	-0.68	-0.7	-0.71	0.99	-0.73	0.54	0.92	-0.71	-0.94	-0.66	-0.7	-0.84	0.91	-0.72
Non Currrent Assets Other	0.86	0.83	-0.97	-0.93	0.9	-0.96	0.9	-0.98	0.26	-0.5	0.85		-0.9	-0.94	-0.89	0.89	-0.92	0.68	0.86	-0.97	-0.85	-0.95	-0.94	-0.99	0.73	-0.84
Net Receivables	-0.95	-0.93	0.86	0.84	-0.96	0.9	-0.79	0.89	0.12	0.29	-0.68	-0.9		0.78	0.99	-0.78	0.99	-0.32	-0.85	0.88	0.57	0.87	0.78	0.91	-0.71	0.61
Common Stock Shares Outstanding	-0.75	-0.75	0.96	0.98	-0.71	0.93	-0.75	0.92	-0.48	0.48	-0.7	-0.94	0.78		0.77	-0.73	0.79	-0.81	-0.65	0.95	0.81	0.95	1.0	0.92	-0.47	0.93
Non Current Liabilities Total	-0.96	-0.93	0.83	0.82	-0.96	0.86	-0.83	0.86	0.09	0.2	-0.71	-0.89	0.99	0.77		-0.81	0.97	-0.28	-0.87	0.84	0.58	0.82	0.77	0.89	-0.74	0.63
Capital Lease Obligations	0.79	0.7	-0.78	-0.68	0.91	-0.76	0.99	-0.82	0.18	-0.37	0.99	0.89	-0.78	-0.73	-0.81		-0.82	0.49	0.97	-0.76	-0.9	-0.72	-0.73	-0.88	0.94	-0.71
Inventory	-0.93	-0.91	0.9	0.82	-0.97	0.93	-0.82	0.93	0.12	0.42	-0.73	-0.92	0.99	0.79	0.97	-0.82		-0.38	-0.89	0.91	0.62	0.89	0.79	0.94	-0.76	0.6
Other Current Assets	0.28	0.29	-0.74	-0.71	0.29	-0.67	0.48	-0.68	0.74	-0.68	0.54	0.68	-0.32	-0.81	-0.28	0.49	-0.38		0.33	-0.71	-0.78	-0.72	-0.81	-0.66	0.19	-0.81
Total Liab	0.84	0.76	-0.76	-0.63	0.97	-0.77	0.95	-0.82	-0.06	-0.37	0.92	0.86	-0.85	-0.65	-0.87	0.97	-0.89	0.33		-0.76	-0.77	-0.72	-0.65	-0.87	0.97	-0.56
Net Invested Capital	-0.81	-0.81	1.0	0.94	-0.83	1.0	-0.76	0.99	-0.2	0.62	-0.71	-0.97	0.88	0.95	0.84	-0.76	0.91	-0.71	-0.76		0.74	1.0	0.95	0.98	-0.58	0.78
Property Plant And Equipment Gross	-0.58	-0.51	0.78	0.71	-0.68	0.72	-0.9	0.77	-0.57	0.48	-0.94	-0.85	0.57	0.81	0.58	-0.9	0.62	-0.78	-0.77	0.74		0.71	0.81	0.83	-0.72	0.86
Total Current Assets	-0.79	-0.8	0.99	0.94	-0.8	1.0	-0.72	0.98	-0.21	0.63	-0.66	-0.95	0.87	0.95	0.82	-0.72	0.89	-0.72	-0.72	1.0	0.71		0.95	0.96	-0.53	0.77
Capital Stock	-0.75	-0.75	0.96	0.98	-0.71	0.93	-0.75	0.92	-0.48	0.48	-0.7	-0.94	0.78	1.0	0.77	-0.73	0.79	-0.81	-0.65	0.95	0.81	0.95		0.92	-0.47	0.93
Net Working Capital	-0.85	-0.83	0.98	0.9	-0.91	0.98	-0.88	0.99	-0.19	0.56	-0.84	-0.99	0.91	0.92	0.89	-0.88	0.94	-0.66	-0.87	0.98	0.83	0.96	0.92		-0.74	0.79
Intangible Assets	0.72	0.62	-0.59	-0.43	0.89	-0.6	0.92	-0.66	-0.11	-0.28	0.91	0.73	-0.71	-0.47	-0.74	0.94	-0.76	0.19	0.97	-0.58	-0.72	-0.53	-0.47	-0.74		-0.43
Short Term Investments	-0.63	-0.6	0.81	0.9	-0.58	0.75	-0.75	0.75	-0.71	0.26	-0.72	-0.84	0.61	0.93	0.63	-0.71	0.6	-0.81	-0.56	0.78	0.86	0.77	0.93	0.79	-0.43

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Other Information on Investing in Shanghai Stock

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

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Shanghai 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

Shanghai Ziyan fundamental ratios Correlations

Shanghai Ziyan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Total Current Assets	+ 1.0	Net Invested Capital
Short Long Term Debt	+ 0.99	Good Will

Net Working Capital	- 0.99	Non Currrent Assets Other
Non Currrent Assets Other	- 0.98	Retained Earnings
Net Invested Capital	- 0.97	Non Currrent Assets Other
Inventory	- 0.97	Total Current Liabilities
Non Currrent Assets Other	- 0.97	Total Assets
Non Currrent Assets Other	- 0.96	Total Stockholder Equity