WuXi Income Before Tax vs Operating Income Analysis

603259 Stock

55.79 0.12 0.21%

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

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WuXi AppTec Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between WuXi AppTec's Income Before Tax and Operating Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of WuXi AppTec Co, assuming nothing else is changed. The correlation between historical values of WuXi AppTec's Income Before Tax 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 Before Tax of WuXi AppTec Co 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 Before Tax i.e., WuXi AppTec's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from WuXi AppTec 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 WuXi AppTec Co 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 WuXi AppTec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WuXi AppTec 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 WuXi AppTec Co. 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 Selling General Administrative is expected to grow to about 1.3 B. The current year's Tax Provision is expected to grow to about 2.2 B

	2021	2022	2023	2024 (projected)
Operating Income	4.7B	9.7B	11.8B	12.4B
Total Revenue	22.9B	39.4B	40.3B	42.4B

Operating Income Total Revenue

WuXi AppTec fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Cash	Short Term Investments	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Stockholder Equity	Deferred Long Term Liab	Short Long Term Debt
Total Assets		0.9	0.9	1.0	0.77	0.97	0.71	0.98	0.41	0.85	0.87	0.87	0.86	0.9	0.91	0.98	0.98	0.89	-0.15	1.0	0.94	0.48	0.74	-0.51	0.91	0.86
Other Current Liab	0.9		0.8	0.91	0.48	0.96	0.42	0.92	0.18	0.81	0.66	0.73	0.77	0.73	0.79	0.85	0.96	0.71	-0.47	0.91	0.82	0.21	0.44	-0.45	0.73	0.84
Total Current Liabilities	0.9	0.8		0.89	0.77	0.84	0.76	0.86	0.38	0.9	0.92	0.98	0.94	0.97	0.98	0.91	0.88	0.88	-0.23	0.89	0.99	0.62	0.71	-0.6	0.94	0.95
Total Stockholder Equity	1.0	0.91	0.89		0.75	0.97	0.69	0.98	0.38	0.85	0.86	0.86	0.85	0.89	0.9	0.98	0.98	0.9	-0.15	1.0	0.93	0.46	0.71	-0.51	0.91	0.85
Other Liab	0.77	0.48	0.77	0.75		0.61	0.8	0.69	0.7	0.65	0.87	0.75	0.73	0.87	0.76	0.83	0.65	0.88	0.36	0.74	0.78	0.69	0.94	-0.23	0.85	0.65
Retained Earnings	0.97	0.96	0.84	0.97	0.61		0.54	0.98	0.29	0.84	0.76	0.79	0.8	0.81	0.85	0.92	0.99	0.81	-0.31	0.97	0.88	0.29	0.59	-0.47	0.84	0.85
Accounts Payable	0.71	0.42	0.76	0.69	0.8	0.54		0.58	0.43	0.57	0.83	0.84	0.65	0.8	0.76	0.77	0.59	0.73	0.13	0.68	0.74	0.88	0.73	-0.72	0.75	0.56
Other Assets	0.98	0.92	0.86	0.98	0.69	0.98	0.58		0.39	0.83	0.84	0.8	0.83	0.85	0.86	0.95	0.98	0.85	-0.25	0.97	0.9	0.32	0.68	-0.44	0.9	0.87
Long Term Debt	0.41	0.18	0.38	0.38	0.7	0.29	0.43	0.39		0.33	0.53	0.33	0.33	0.56	0.39	0.48	0.33	0.47	0.37	0.36	0.38	0.26	0.87	0.15	0.5	0.36
Net Receivables	0.85	0.81	0.9	0.85	0.65	0.84	0.57	0.83	0.33		0.79	0.84	0.85	0.87	0.94	0.8	0.85	0.85	-0.19	0.85	0.92	0.39	0.61	-0.45	0.88	0.89
Good Will	0.87	0.66	0.92	0.86	0.87	0.76	0.83	0.84	0.53	0.79		0.91	0.87	0.95	0.92	0.91	0.8	0.9	-0.02	0.84	0.92	0.64	0.81	-0.55	0.97	0.83
Inventory	0.87	0.73	0.98	0.86	0.75	0.79	0.84	0.8	0.33	0.84	0.91		0.93	0.95	0.97	0.88	0.84	0.84	-0.18	0.86	0.96	0.74	0.68	-0.69	0.91	0.9
Other Current Assets	0.86	0.77	0.94	0.85	0.73	0.8	0.65	0.83	0.33	0.85	0.87	0.93		0.92	0.94	0.85	0.84	0.81	-0.14	0.85	0.95	0.6	0.66	-0.47	0.9	0.93
Total Liab	0.9	0.73	0.97	0.89	0.87	0.81	0.8	0.85	0.56	0.87	0.95	0.95	0.92		0.97	0.93	0.85	0.91	-0.06	0.88	0.97	0.65	0.85	-0.5	0.96	0.92
Intangible Assets	0.91	0.79	0.98	0.9	0.76	0.85	0.76	0.86	0.39	0.94	0.92	0.97	0.94	0.97		0.9	0.88	0.89	-0.17	0.9	0.99	0.6	0.72	-0.6	0.96	0.93
Common Stock	0.98	0.85	0.91	0.98	0.83	0.92	0.77	0.95	0.48	0.8	0.91	0.88	0.85	0.93	0.9		0.95	0.91	-0.12	0.97	0.93	0.54	0.78	-0.52	0.93	0.84
Property Plant Equipment	0.98	0.96	0.88	0.98	0.65	0.99	0.59	0.98	0.33	0.85	0.8	0.84	0.84	0.85	0.88	0.95		0.83	-0.31	0.98	0.91	0.37	0.63	-0.51	0.87	0.88
Cash	0.89	0.71	0.88	0.9	0.88	0.81	0.73	0.85	0.47	0.85	0.9	0.84	0.81	0.91	0.89	0.91	0.83		0.11	0.89	0.92	0.52	0.79	-0.38	0.95	0.78
Short Term Investments	-0.15	-0.47	-0.23	-0.15	0.36	-0.31	0.13	-0.25	0.37	-0.19	-0.02	-0.18	-0.14	-0.06	-0.17	-0.12	-0.31	0.11		-0.15	-0.16	0.22	0.34	0.46	-0.02	-0.38
Net Tangible Assets	1.0	0.91	0.89	1.0	0.74	0.97	0.68	0.97	0.36	0.85	0.84	0.86	0.85	0.88	0.9	0.97	0.98	0.89	-0.15		0.93	0.47	0.7	-0.51	0.9	0.84
Non Current Assets Total	0.94	0.82	0.99	0.93	0.78	0.88	0.74	0.9	0.38	0.92	0.92	0.96	0.95	0.97	0.99	0.93	0.91	0.92	-0.16	0.93		0.58	0.73	-0.56	0.96	0.94
Non Currrent Assets Other	0.48	0.21	0.62	0.46	0.69	0.29	0.88	0.32	0.26	0.39	0.64	0.74	0.6	0.65	0.6	0.54	0.37	0.52	0.22	0.47	0.58		0.56	-0.6	0.54	0.44
Non Current Liabilities Total	0.74	0.44	0.71	0.71	0.94	0.59	0.73	0.68	0.87	0.61	0.81	0.68	0.66	0.85	0.72	0.78	0.63	0.79	0.34	0.7	0.73	0.56		-0.15	0.81	0.64
Other Stockholder Equity	-0.51	-0.45	-0.6	-0.51	-0.23	-0.47	-0.72	-0.44	0.15	-0.45	-0.55	-0.69	-0.47	-0.5	-0.6	-0.52	-0.51	-0.38	0.46	-0.51	-0.56	-0.6	-0.15		-0.48	-0.47
Deferred Long Term Liab	0.91	0.73	0.94	0.91	0.85	0.84	0.75	0.9	0.5	0.88	0.97	0.91	0.9	0.96	0.96	0.93	0.87	0.95	-0.02	0.9	0.96	0.54	0.81	-0.48		0.87
Short Long Term Debt	0.86	0.84	0.95	0.85	0.65	0.85	0.56	0.87	0.36	0.89	0.83	0.9	0.93	0.92	0.93	0.84	0.88	0.78	-0.38	0.84	0.94	0.44	0.64	-0.47	0.87

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WuXi AppTec Account Relationship Matchups

WuXi AppTec fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.2B	46.3B	55.1B	64.7B	73.7B	77.4B
Other Current Liab	1.3B	2.0B	3.7B	6.8B	7.8B	8.2B
Total Current Liabilities	6.6B	7.9B	13.0B	14.5B	14.8B	8.2B
Total Stockholder Equity	17.3B	32.5B	38.5B	46.6B	55.1B	57.9B
Other Liab	1.5B	2.8B	1.8B	1.5B	1.7B	1.2B
Retained Earnings	5.9B	8.3B	12.5B	19.8B	25.8B	27.1B
Accounts Payable	1.5B	2.4B	4.2B	1.7B	1.6B	1.6B
Other Assets	1.6B	1.7B	2.0B	3.3B	3.8B	4.0B
Long Term Debt	2.6B	1.8B	607.1M	781.1M	687.0M	985.6M
Net Receivables	3.4B	3.7B	4.6B	6.0B	7.9B	4.0B
Good Will	1.4B	1.4B	1.9B	1.8B	1.8B	1.2B
Inventory	1.7B	2.7B	5.9B	5.7B	4.7B	2.6B
Other Current Assets	628.9M	1.3B	1.5B	3.1B	1.9B	1.1B
Total Liab	11.8B	13.6B	16.4B	17.8B	18.2B	10.8B
Intangible Assets	918.0M	997.7M	1.6B	1.8B	1.9B	1.0B
Common Stock	1.7B	2.4B	3.0B	3.0B	3.4B	3.6B
Property Plant Equipment	7.9B	10.3B	16.1B	23.6B	27.1B	28.5B
Cash	5.2B	10.2B	8.2B	8.0B	13.8B	7.0B
Short Term Investments	1.7B	4.6B	527.3M	2M	11.0M	10.5M
Net Tangible Assets	15.0B	30.1B	35.0B	43.0B	49.4B	51.9B
Non Current Assets Total	16.6B	23.2B	33.1B	40.7B	43.2B	24.7B
Non Currrent Assets Other	50.3M	1.4B	2.2B	1.0B	98.2M	93.2M
Non Current Liabilities Total	5.2B	5.7B	3.4B	3.3B	3.4B	3.2B
Other Stockholder Equity	156.2M	236.9M	(271.4M)	24.0M	21.6M	20.5M
Deferred Long Term Liab	1.3B	1.4B	1.5B	1.8B	2.1B	1.2B
Short Long Term Debt	1.6B	1.2B	2.3B	3.9B	3.7B	2.0B
Total Current Assets	12.7B	23.1B	22.0B	24.0B	30.4B	18.6B
Non Current Liabilities Other	554.6M	1.8B	664.5M	148.0M	(2.0B)	(1.9B)
Common Stock Shares Outstanding	2.8B	2.9B	3.0B	3.0B	3.0B	3.1B
Net Invested Capital	21.6B	35.5B	41.4B	51.2B	59.5B	36.9B
Net Working Capital	6.0B	15.1B	9.0B	9.5B	15.7B	10.1B
Capital Stock	1.7B	2.4B	3.0B	3.0B	3.0B	2.6B

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Other Information on Investing in WuXi Stock

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

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WuXi Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

WuXi AppTec fundamental ratios Correlations

WuXi AppTec Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WuXi AppTec fundamental ratios Accounts

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Other Information on Investing in WuXi Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Retained Earnings
Non Current Assets Total	+ 0.99	Intangible Assets

Other Stockholder Equity	- 0.72	Accounts Payable
Other Stockholder Equity	- 0.69	Inventory
Other Stockholder Equity	- 0.6	Non Currrent Assets Other
Other Stockholder Equity	- 0.6	Intangible Assets
Other Stockholder Equity	- 0.6	Total Current Liabilities
Other Stockholder Equity	- 0.56	Non Current Assets Total