Sichuan Net Income vs Gross Profit Analysis

603327 Stock

13.60 0.48 3.41%

Sichuan Furong financial indicator trend analysis is much more than just breaking down Sichuan Furong Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Furong Technology is a good investment. Please check the relationship between Sichuan Furong Net Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Furong 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.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Furong Technology Net Income account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between Sichuan Furong's Net Income and Gross Profit is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Sichuan Furong Technology, assuming nothing else is changed. The correlation between historical values of Sichuan Furong's Net Income 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 Net Income of Sichuan Furong Technology 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 Net Income i.e., Sichuan Furong's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sichuan Furong Technology financial statement analysis. It represents the amount of money remaining after all of Sichuan Furong Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sichuan Furong Technology minus its cost of goods sold. It is profit before Sichuan Furong 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 Sichuan Furong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Furong Technology 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 Sichuan Furong 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 Selling General Administrative is expected to grow to about 66 M, whereas Tax Provision is forecasted to decline to about 47.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	455.7M	513.8M	388.4M	421.7M
Total Revenue	1.9B	2.3B	1.9B	1.6B

Gross Profit Total Revenue

Sichuan Furong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Net Debt	Common Stock Shares Outstanding
Total Assets		-0.67	-0.4	0.92	-0.79	0.9	0.9	0.59	0.87	0.83	0.52	-0.71	0.69	0.65	0.67	0.89	0.56	0.89	0.43	-0.85	0.95	0.82	0.95	0.95	-0.84	0.95
Other Current Liab	-0.67		0.32	-0.65	0.52	-0.6	-0.67	-0.38	-0.74	-0.7	-0.61	0.82	-0.55	-0.54	-0.54	-0.41	-0.47	-0.68	-0.39	0.49	-0.62	-0.71	-0.6	-0.67	0.57	-0.66
Total Current Liabilities	-0.4	0.32		-0.7	0.81	-0.73	-0.72	0.18	-0.32	-0.25	-0.48	0.35	-0.11	-0.85	-0.07	-0.48	-0.34	-0.72	0.31	0.7	-0.63	-0.13	-0.58	-0.61	0.79	-0.15
Total Stockholder Equity	0.92	-0.65	-0.7		-0.94	0.99	0.99	0.33	0.77	0.7	0.67	-0.68	0.49	0.87	0.47	0.84	0.55	0.98	0.14	-0.93	0.99	0.69	0.94	0.96	-0.97	0.8
Other Liab	-0.79	0.52	0.81	-0.94		-0.95	-0.92	-0.14	-0.66	-0.54	-0.69	0.46	-0.36	-0.84	-0.32	-0.7	-0.66	-0.92	0.03	0.86	-0.93	-0.5	-0.89	-0.84	0.99	-0.61
Net Tangible Assets	0.9	-0.6	-0.73	0.99	-0.95		0.99	0.24	0.7	0.63	0.64	-0.63	0.42	0.86	0.4	0.84	0.57	0.99	0.05	-0.9	0.98	0.6	0.93	0.96	-0.98	0.76
Retained Earnings	0.9	-0.67	-0.72	0.99	-0.92	0.99		0.29	0.74	0.68	0.67	-0.71	0.46	0.89	0.44	0.83	0.5	0.99	0.1	-0.92	0.97	0.66	0.91	0.97	-0.96	0.78
Accounts Payable	0.59	-0.38	0.18	0.33	-0.14	0.24	0.29		0.79	0.87	0.06	-0.54	0.91	0.1	0.92	0.54	0.19	0.23	0.94	-0.49	0.42	0.85	0.52	0.41	-0.2	0.7
Cash	0.87	-0.74	-0.32	0.77	-0.66	0.7	0.74	0.79		0.98	0.52	-0.72	0.88	0.52	0.87	0.7	0.53	0.7	0.7	-0.78	0.81	0.94	0.86	0.78	-0.69	0.86
Non Current Assets Total	0.83	-0.7	-0.25	0.7	-0.54	0.63	0.68	0.87	0.98		0.39	-0.76	0.94	0.48	0.93	0.73	0.41	0.64	0.79	-0.76	0.75	0.95	0.81	0.75	-0.59	0.84
Non Currrent Assets Other	0.52	-0.61	-0.48	0.67	-0.69	0.64	0.67	0.06	0.52	0.39		-0.35	0.11	0.59	0.09	0.22	0.3	0.66	-0.1	-0.55	0.59	0.52	0.49	0.53	-0.69	0.52
Other Assets	-0.71	0.82	0.35	-0.68	0.46	-0.63	-0.71	-0.54	-0.72	-0.76	-0.35		-0.61	-0.69	-0.61	-0.67	-0.27	-0.7	-0.44	0.66	-0.66	-0.77	-0.63	-0.76	0.55	-0.71
Long Term Debt	0.69	-0.55	-0.11	0.49	-0.36	0.42	0.46	0.91	0.88	0.94	0.11	-0.61		0.25	1.0	0.64	0.41	0.43	0.91	-0.59	0.58	0.82	0.7	0.58	-0.4	0.69
Net Receivables	0.65	-0.54	-0.85	0.87	-0.84	0.86	0.89	0.1	0.52	0.48	0.59	-0.69	0.25		0.22	0.68	0.39	0.87	-0.12	-0.86	0.8	0.47	0.71	0.79	-0.87	0.5
Non Current Liabilities Total	0.67	-0.54	-0.07	0.47	-0.32	0.4	0.44	0.92	0.87	0.93	0.09	-0.61	1.0	0.22		0.63	0.36	0.4	0.92	-0.58	0.55	0.82	0.68	0.57	-0.36	0.68
Inventory	0.89	-0.41	-0.48	0.84	-0.7	0.84	0.83	0.54	0.7	0.73	0.22	-0.67	0.64	0.68	0.63		0.4	0.82	0.36	-0.88	0.89	0.64	0.89	0.91	-0.76	0.79
Other Current Assets	0.56	-0.47	-0.34	0.55	-0.66	0.57	0.5	0.19	0.53	0.41	0.3	-0.27	0.41	0.39	0.36	0.4		0.53	0.19	-0.38	0.62	0.33	0.68	0.46	-0.64	0.45
Other Stockholder Equity	0.89	-0.68	-0.72	0.98	-0.92	0.99	0.99	0.23	0.7	0.64	0.66	-0.7	0.43	0.87	0.4	0.82	0.53		0.06	-0.88	0.96	0.61	0.9	0.97	-0.96	0.76
Total Liab	0.43	-0.39	0.31	0.14	0.03	0.05	0.1	0.94	0.7	0.79	-0.1	-0.44	0.91	-0.12	0.92	0.36	0.19	0.06		-0.26	0.24	0.72	0.38	0.26	-0.01	0.54
Short Long Term Debt	-0.85	0.49	0.7	-0.93	0.86	-0.9	-0.92	-0.49	-0.78	-0.76	-0.55	0.66	-0.59	-0.86	-0.58	-0.88	-0.38	-0.88	-0.26		-0.92	-0.72	-0.89	-0.89	0.89	-0.74
Total Current Assets	0.95	-0.62	-0.63	0.99	-0.93	0.98	0.97	0.42	0.81	0.75	0.59	-0.66	0.58	0.8	0.55	0.89	0.62	0.96	0.24	-0.92		0.71	0.98	0.96	-0.96	0.84
Intangible Assets	0.82	-0.71	-0.13	0.69	-0.5	0.6	0.66	0.85	0.94	0.95	0.52	-0.77	0.82	0.47	0.82	0.64	0.33	0.61	0.72	-0.72	0.71		0.72	0.71	-0.55	0.9
Common Stock	0.95	-0.6	-0.58	0.94	-0.89	0.93	0.91	0.52	0.86	0.81	0.49	-0.63	0.7	0.71	0.68	0.89	0.68	0.9	0.38	-0.89	0.98	0.72		0.93	-0.91	0.83
Property Plant Equipment	0.95	-0.67	-0.61	0.96	-0.84	0.96	0.97	0.41	0.78	0.75	0.53	-0.76	0.58	0.79	0.57	0.91	0.46	0.97	0.26	-0.89	0.96	0.71	0.93		-0.89	0.84
Net Debt	-0.84	0.57	0.79	-0.97	0.99	-0.98	-0.96	-0.2	-0.69	-0.59	-0.69	0.55	-0.4	-0.87	-0.36	-0.76	-0.64	-0.96	-0.01	0.89	-0.96	-0.55	-0.91	-0.89		-0.68
Common Stock Shares Outstanding	0.95	-0.66	-0.15	0.8	-0.61	0.76	0.78	0.7	0.86	0.84	0.52	-0.71	0.69	0.5	0.68	0.79	0.45	0.76	0.54	-0.74	0.84	0.9	0.83	0.84	-0.68

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Sichuan Furong Account Relationship Matchups

Sichuan Furong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.7B	1.8B	2.4B	3.3B	2.0B
Other Current Liab	34.0M	66.4M	45.3M	7.2M	5.0M	4.7M
Total Current Liabilities	327.4M	195.4M	136.1M	440.7M	490.8M	310.9M
Total Stockholder Equity	1.3B	1.5B	1.6B	1.9B	2.0B	1.4B
Other Liab	22.0M	4.8M	5.1M	8.1M	7.3M	11.7M
Net Tangible Assets	633.0M	1.2B	1.4B	1.6B	1.8B	1.1B
Retained Earnings	492.3M	710.1M	859.0M	927.2M	970.9M	610.0M
Accounts Payable	29.4M	26.1M	32.8M	214.5M	384.4M	403.6M
Cash	254.8M	224.8M	130.8M	465.6M	650.9M	683.5M
Non Current Assets Total	555.1M	637.5M	631.3M	1.2B	1.8B	1.9B
Other Assets	28.0M	45.2M	52.3M	14.3M	12.8M	12.2M
Net Receivables	400.7M	395.2M	554.5M	477.0M	388.7M	431.8M
Non Current Liabilities Total	4.8M	43.1M	13.1M	120.2M	829.2M	870.6M
Inventory	178.6M	245.6M	321.2M	252.1M	393.8M	256.4M
Other Current Assets	115.0M	9.4M	27.2M	19.3M	76.2M	38.8M
Other Stockholder Equity	13.1M	16.9M	21.1M	25.5M	29.3M	16.3M
Total Liab	332.2M	238.5M	149.2M	560.9M	1.3B	1.4B
Short Long Term Debt	346M	235M	67M	15M	26.0M	0.0
Total Current Assets	1.0B	1.1B	1.2B	1.2B	1.5B	1.1B
Intangible Assets	50.0M	48.8M	47.6M	249.2M	244.2M	256.4M
Property Plant Equipment	447.6M	459.9M	536.4M	569.5M	654.9M	526.1M
Net Invested Capital	1.5B	1.6B	1.7B	2.0B	2.8B	1.8B
Net Working Capital	721.9M	899.8M	1.0B	806.4M	1.1B	747.8M

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Other Information on Investing in Sichuan Stock

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

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Sichuan Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

Sichuan Furong fundamental ratios Correlations

Sichuan Furong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sichuan Furong fundamental ratios Accounts

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Other Information on Investing in Sichuan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Debt	+ 0.99	Other Liab
Retained Earnings	+ 0.99	Net Tangible Assets

Net Debt	- 0.98	Net Tangible Assets
Net Debt	- 0.97	Total Stockholder Equity
Net Debt	- 0.96	Total Current Assets
Net Debt	- 0.96	Other Stockholder Equity
Net Debt	- 0.96	Retained Earnings
Net Tangible Assets	- 0.95	Other Liab