Sanxiang Operating Income vs Cost Of Revenue Analysis

603663 Stock

16.55 0.05 0.30%

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

Operating Income vs Cost Of Revenue

Operating Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sanxiang Advanced Operating Income account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sanxiang Advanced's Operating Income and Cost Of Revenue is 0.93. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Sanxiang Advanced Materials, assuming nothing else is changed. The correlation between historical values of Sanxiang Advanced's Operating Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Sanxiang Advanced Materials are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Operating Income i.e., Sanxiang Advanced's Operating Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Sanxiang Advanced 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 Sanxiang Advanced Materials 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.

Cost Of Revenue

Cost of Revenue is found on Sanxiang Advanced income statement and represents the costs associated with goods and services Sanxiang Advanced provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Sanxiang Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanxiang Advanced 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 Sanxiang Advanced 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 nation.

The current year's Tax Provision is expected to grow to about 14.5 M, whereas Selling General Administrative is forecasted to decline to about 20 M.

	2021	2022	2023	2024 (projected)
Gross Profit	244.9M	332.0M	297.0M	178.7M
Total Revenue	789.2M	972.3M	1.1B	618.9M

Gross Profit Total Revenue

Sanxiang Advanced fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.7	0.24	0.94	0.98	0.81	0.99	0.6	0.69	1.0	0.93	0.69	1.0	0.41	0.63	0.7	0.8	0.87	0.53	0.85	-0.01	0.92	0.94	0.89	0.75	0.86
Short Long Term Debt Total	0.7		-0.06	0.64	0.58	0.72	0.74	0.89	0.91	0.66	0.51	0.5	0.73	0.32	0.56	0.46	0.77	0.64	0.93	0.72	-0.09	0.43	0.82	0.69	0.84	0.86
Other Current Liab	0.24	-0.06		0.2	0.28	0.12	0.23	-0.16	-0.14	0.26	0.24	0.24	0.23	0.31	0.53	0.14	0.49	0.43	-0.07	0.39	0.1	0.25	0.14	0.34	0.03	0.19
Total Current Liabilities	0.94	0.64	0.2		0.88	0.64	0.92	0.61	0.75	0.94	0.97	0.42	0.93	0.17	0.63	0.45	0.67	0.73	0.42	0.82	-0.18	0.79	0.96	0.77	0.78	0.7
Total Stockholder Equity	0.98	0.58	0.28	0.88		0.81	0.96	0.47	0.54	0.99	0.91	0.75	0.97	0.46	0.58	0.77	0.77	0.87	0.42	0.81	0.08	0.97	0.86	0.89	0.67	0.83
Other Liab	0.81	0.72	0.12	0.64	0.81		0.84	0.64	0.57	0.79	0.59	0.79	0.84	0.72	0.55	0.89	0.78	0.78	0.62	0.79	-0.06	0.79	0.73	0.86	0.74	0.94
Property Plant And Equipment Net	0.99	0.74	0.23	0.92	0.96	0.84		0.63	0.73	0.98	0.9	0.67	1.0	0.44	0.63	0.7	0.83	0.85	0.59	0.85	-0.08	0.89	0.95	0.87	0.77	0.89
Current Deferred Revenue	0.6	0.89	-0.16	0.61	0.47	0.64	0.63		0.87	0.56	0.42	0.33	0.62	0.33	0.54	0.34	0.66	0.51	0.76	0.68	-0.21	0.31	0.75	0.58	0.88	0.72
Net Debt	0.69	0.91	-0.14	0.75	0.54	0.57	0.73	0.87		0.65	0.6	0.22	0.72	0.08	0.47	0.22	0.63	0.48	0.81	0.64	-0.35	0.37	0.87	0.53	0.82	0.7
Retained Earnings	1.0	0.66	0.26	0.94	0.99	0.79	0.98	0.56	0.65		0.94	0.67	0.99	0.39	0.63	0.69	0.79	0.87	0.48	0.85	0.0	0.92	0.92	0.89	0.74	0.84
Accounts Payable	0.93	0.51	0.24	0.97	0.91	0.59	0.9	0.42	0.6	0.94		0.45	0.91	0.12	0.57	0.47	0.61	0.74	0.29	0.76	-0.09	0.85	0.89	0.76	0.65	0.64
Cash	0.69	0.5	0.24	0.42	0.75	0.79	0.67	0.33	0.22	0.67	0.45		0.67	0.74	0.47	0.94	0.67	0.79	0.49	0.55	0.51	0.78	0.5	0.79	0.39	0.78
Non Current Assets Total	1.0	0.73	0.23	0.93	0.97	0.84	1.0	0.62	0.72	0.99	0.91	0.67		0.43	0.63	0.69	0.82	0.85	0.57	0.85	-0.08	0.9	0.95	0.87	0.76	0.88
Non Currrent Assets Other	0.41	0.32	0.31	0.17	0.46	0.72	0.44	0.33	0.08	0.39	0.12	0.74	0.43		0.48	0.77	0.59	0.59	0.39	0.41	0.14	0.5	0.26	0.51	0.27	0.62
Other Assets	0.63	0.56	0.53	0.63	0.58	0.55	0.63	0.54	0.47	0.63	0.57	0.47	0.63	0.48		0.39	0.73	0.84	0.46	0.76	0.08	0.47	0.67	0.72	0.56	0.64
Cash And Short Term Investments	0.7	0.46	0.14	0.45	0.77	0.89	0.7	0.34	0.22	0.69	0.47	0.94	0.69	0.77	0.39		0.62	0.74	0.4	0.59	0.31	0.83	0.5	0.8	0.46	0.8
Net Receivables	0.8	0.77	0.49	0.67	0.77	0.78	0.83	0.66	0.63	0.79	0.61	0.67	0.82	0.59	0.73	0.62		0.85	0.68	0.85	0.01	0.65	0.77	0.84	0.75	0.9
Common Stock Shares Outstanding	0.87	0.64	0.43	0.73	0.87	0.78	0.85	0.51	0.48	0.87	0.74	0.79	0.85	0.59	0.84	0.74	0.85		0.52	0.84	0.26	0.81	0.77	0.93	0.62	0.86
Non Current Liabilities Total	0.53	0.93	-0.07	0.42	0.42	0.62	0.59	0.76	0.81	0.48	0.29	0.49	0.57	0.39	0.46	0.4	0.68	0.52		0.48	-0.02	0.29	0.66	0.5	0.59	0.77
Inventory	0.85	0.72	0.39	0.82	0.81	0.79	0.85	0.68	0.64	0.85	0.76	0.55	0.85	0.41	0.76	0.59	0.85	0.84	0.48		-0.09	0.71	0.83	0.93	0.89	0.85
Other Current Assets	-0.01	-0.09	0.1	-0.18	0.08	-0.06	-0.08	-0.21	-0.35	0.0	-0.09	0.51	-0.08	0.14	0.08	0.31	0.01	0.26	-0.02	-0.09		0.14	-0.16	0.18	-0.25	0.01
Other Stockholder Equity	0.92	0.43	0.25	0.79	0.97	0.79	0.89	0.31	0.37	0.92	0.85	0.78	0.9	0.5	0.47	0.83	0.65	0.81	0.29	0.71	0.14		0.74	0.84	0.53	0.75
Total Liab	0.94	0.82	0.14	0.96	0.86	0.73	0.95	0.75	0.87	0.92	0.89	0.5	0.95	0.26	0.67	0.5	0.77	0.77	0.66	0.83	-0.16	0.74		0.8	0.83	0.82
Total Current Assets	0.89	0.69	0.34	0.77	0.89	0.86	0.87	0.58	0.53	0.89	0.76	0.79	0.87	0.51	0.72	0.8	0.84	0.93	0.5	0.93	0.18	0.84	0.8		0.79	0.91
Short Term Debt	0.75	0.84	0.03	0.78	0.67	0.74	0.77	0.88	0.82	0.74	0.65	0.39	0.76	0.27	0.56	0.46	0.75	0.62	0.59	0.89	-0.25	0.53	0.83	0.79		0.8
Intangible Assets	0.86	0.86	0.19	0.7	0.83	0.94	0.89	0.72	0.7	0.84	0.64	0.78	0.88	0.62	0.64	0.8	0.9	0.86	0.77	0.85	0.01	0.75	0.82	0.91	0.8

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Sanxiang Advanced Account Relationship Matchups

Sanxiang Advanced fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.3B	1.5B	1.8B	2.0B	2.1B
Short Long Term Debt Total	236.9M	368.1M	167.2M	190.0M	218.5M	141.2M
Other Current Liab	5.5M	2.0M	108.1K	98.9M	12.4M	11.7M
Total Current Liabilities	345.8M	302.8M	237.8M	431.0M	619.5M	650.5M
Total Stockholder Equity	527.8M	655.5M	1.1B	1.2B	1.3B	1.3B
Other Liab	14.1M	17.1M	28.0M	19.3M	22.2M	12.4M
Property Plant And Equipment Net	432.2M	632.3M	693.6M	792.8M	859.7M	902.7M
Net Debt	194.1M	302.8M	53.5M	117.3M	183.8M	193.0M
Retained Earnings	256.4M	298.1M	372.0M	488.0M	533.5M	560.2M
Accounts Payable	90.9M	110.2M	99.0M	199.5M	306.8M	322.2M
Cash	42.9M	65.3M	113.8M	72.7M	64.4M	53.2M
Non Current Assets Total	582.7M	847.2M	950.3M	1.1B	1.2B	1.3B
Non Currrent Assets Other	30.9M	16.8M	85.7M	38.3M	3.3M	3.2M
Other Assets	39.8M	25.1M	15.1M	30.3M	34.8M	17.6M
Cash And Short Term Investments	42.9M	65.3M	194.1M	97.8M	112.4M	61.4M
Net Receivables	195.5M	225.9M	194.1M	303.2M	182.3M	166.0M
Common Stock Shares Outstanding	368.4M	373.8M	390.8M	422.4M	423.9M	370.6M
Liabilities And Stockholders Equity	1.0B	1.3B	1.5B	1.8B	2.1B	2.2B
Non Current Liabilities Total	120.4M	280.3M	111.9M	76.7M	55.7M	60.8M
Inventory	201.5M	173.7M	169.6M	297.1M	304.8M	153.2M
Other Current Assets	13.2M	20.9M	29.4M	12.1M	7.4M	7.0M
Other Stockholder Equity	81.4M	164.9M	496.2M	417.9M	480.6M	504.7M
Total Liab	466.2M	583.1M	349.7M	507.7M	675.2M	708.9M
Total Current Assets	453.1M	485.8M	587.1M	710.2M	801.9M	426.1M
Short Term Debt	130.7M	104.9M	83.4M	132.6M	152.5M	76.7M
Intangible Assets	72.7M	116.0M	118.0M	114.5M	110.5M	58.3M
Common Stock	190.0M	192.5M	215.0M	302.3M	347.6M	365.0M
Property Plant Equipment	432.2M	632.3M	693.6M	792.8M	911.7M	957.3M
Net Tangible Assets	417.9M	502.3M	928.0M	1.1B	1.2B	660.7M
Deferred Long Term Liab	1.2M	1.2M	1.1M	1.3M	1.5M	761.0K
Net Invested Capital	745.7M	1.0B	1.2B	1.4B	1.5B	1.1B
Net Working Capital	107.3M	183.0M	349.4M	279.2M	182.4M	234.9M
Long Term Debt	106.3M	263.2M	83.7M	57.4M	34.7M	33.0M
Short Long Term Debt	111.6M	91.9M	67.1M	106.0M	213.5M	112.1M
Capital Stock	190.0M	192.5M	215.0M	302.3M	423.9M	267.5M

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

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Sanxiang Operating Income vs Cost Of Revenue Analysis

Operating Income vs Cost Of Revenue

Operating Income vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Cost Of Revenue

Sanxiang Advanced fundamental ratios Correlations

Sanxiang Advanced Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sanxiang Advanced fundamental ratios Accounts

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Other Information on Investing in Sanxiang Stock

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Retained Earnings	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Retained Earnings

Other Current Assets	- 0.35	Net Debt
Short Term Debt	- 0.25	Other Current Assets
Other Current Assets	- 0.21	Current Deferred Revenue
Other Current Assets	- 0.18	Total Current Liabilities
Total Liab	- 0.16	Other Current Assets
Current Deferred Revenue	- 0.16	Other Current Liab