Qijing Operating Income vs Interest Income Analysis

603677 Stock   14.01  0.29  2.03%   
Qijing Machinery financial indicator trend analysis is much more than just breaking down Qijing Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qijing Machinery is a good investment. Please check the relationship between Qijing Machinery Operating Income and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qijing Machinery. 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 Interest Income

Operating Income vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qijing Machinery Operating Income account and Interest Income. At this time, the significance of the direction appears to have no relationship.
The correlation between Qijing Machinery's Operating Income and Interest Income is 0.06. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Qijing Machinery, assuming nothing else is changed. The correlation between historical values of Qijing Machinery's Operating Income and Interest 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 Operating Income of Qijing Machinery are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Operating Income i.e., Qijing Machinery's Operating Income and Interest Income go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from Qijing Machinery 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 Qijing Machinery 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.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Qijing Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qijing Machinery 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 Qijing Machinery. 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 45.6 M, whereas Tax Provision is forecasted to decline to about 4.3 M.
 2021 2022 2023 2024 (projected)
Operating Income123.2M81.3M103.5M117.2M
Total Revenue2.0B1.8B1.8B1.5B

Qijing Machinery fundamental ratios Correlations

-0.550.150.960.820.920.860.83-0.190.850.180.960.390.770.50.960.970.980.98-0.130.780.060.98-0.25-0.230.89
-0.550.29-0.63-0.69-0.55-0.52-0.530.59-0.31-0.56-0.590.0-0.17-0.89-0.64-0.61-0.56-0.60.3-0.460.23-0.570.440.36-0.56
0.150.29-0.070.22-0.020.280.370.450.08-0.350.10.120.63-0.35-0.040.120.130.1-0.4-0.250.380.210.13-0.10.07
0.96-0.63-0.070.770.940.790.75-0.370.870.330.920.330.560.640.990.950.960.94-0.050.75-0.040.94-0.3-0.210.82
0.82-0.690.220.770.750.90.96-0.320.60.250.82-0.010.680.50.740.830.850.86-0.550.54-0.210.88-0.58-0.620.8
0.92-0.55-0.020.940.750.840.72-0.240.850.250.870.310.580.480.890.910.910.9-0.070.73-0.060.89-0.32-0.210.79
0.86-0.520.280.790.90.840.88-0.080.660.130.830.020.750.340.770.910.850.83-0.460.62-0.190.86-0.55-0.290.72
0.83-0.530.370.750.960.720.88-0.210.630.030.80.140.760.380.720.80.850.86-0.550.49-0.010.9-0.41-0.60.81
-0.190.590.45-0.37-0.32-0.24-0.08-0.21-0.32-0.56-0.170.110.31-0.68-0.37-0.22-0.28-0.250.03-0.010.28-0.240.310.4-0.17
0.85-0.310.080.870.60.850.660.63-0.320.250.780.360.520.390.850.80.880.820.080.540.050.84-0.16-0.230.7
0.18-0.56-0.350.330.250.250.130.03-0.560.250.19-0.37-0.230.620.350.320.290.210.120.05-0.610.18-0.52-0.110.01
0.96-0.590.10.920.820.870.830.8-0.170.780.190.260.720.530.920.940.950.94-0.230.78-0.040.95-0.36-0.250.86
0.390.00.120.33-0.010.310.020.140.110.36-0.370.260.390.10.360.20.290.370.480.380.840.350.770.110.5
0.77-0.170.630.560.680.580.750.760.310.52-0.230.720.390.00.580.710.70.75-0.280.580.270.76-0.07-0.210.76
0.5-0.89-0.350.640.50.480.340.38-0.680.390.620.530.10.00.670.530.530.5-0.110.32-0.10.52-0.25-0.20.41
0.96-0.64-0.040.990.740.890.770.72-0.370.850.350.920.360.580.670.950.950.93-0.010.75-0.010.93-0.26-0.150.81
0.97-0.610.120.950.830.910.910.8-0.220.80.320.940.20.710.530.950.960.93-0.190.76-0.140.94-0.42-0.160.8
0.98-0.560.130.960.850.910.850.85-0.280.880.290.950.290.70.530.950.960.97-0.150.7-0.050.99-0.35-0.340.86
0.98-0.60.10.940.860.90.830.86-0.250.820.210.940.370.750.50.930.930.97-0.130.790.010.98-0.29-0.40.95
-0.130.3-0.4-0.05-0.55-0.07-0.46-0.550.030.080.12-0.230.48-0.28-0.11-0.01-0.19-0.15-0.130.120.2-0.230.540.43-0.12
0.78-0.46-0.250.750.540.730.620.49-0.010.540.050.780.380.580.320.750.760.70.790.12-0.040.69-0.170.010.81
0.060.230.38-0.04-0.21-0.06-0.19-0.010.280.05-0.61-0.040.840.27-0.1-0.01-0.14-0.050.010.2-0.040.060.890.160.18
0.98-0.570.210.940.880.890.860.9-0.240.840.180.950.350.760.520.930.940.990.98-0.230.690.06-0.29-0.40.9
-0.250.440.13-0.3-0.58-0.32-0.55-0.410.31-0.16-0.52-0.360.77-0.07-0.25-0.26-0.42-0.35-0.290.54-0.170.89-0.290.36-0.12
-0.230.36-0.1-0.21-0.62-0.21-0.29-0.60.4-0.23-0.11-0.250.11-0.21-0.2-0.15-0.16-0.34-0.40.430.010.16-0.40.36-0.45
0.89-0.560.070.820.80.790.720.81-0.170.70.010.860.50.760.410.810.80.860.95-0.120.810.180.9-0.12-0.45
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Qijing Machinery Account Relationship Matchups

Qijing Machinery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B1.8B2.1B2.0B2.1B1.6B
Other Current Liab18.4M4.6M3.9M1.4M1.3M1.3M
Total Current Liabilities427.3M473.4M630.6M554.5M951.5M657.9M
Total Stockholder Equity1.1B1.0B1.1B1.1B1.2B773.0M
Other Liab11.8M15.6M23.8M29.6M34.1M35.8M
Retained Earnings359.2M323.2M392.8M326.6M359.7M267.0M
Accounts Payable361.9M417.3M483.3M434.0M487.8M385.7M
Cash85.2M226.8M315.5M299.7M360.3M378.4M
Other Assets22.7M18.3M20.0M22.1M19.9M16.8M
Net Receivables531.3M396.9M448.4M427.1M504.7M439.1M
Short Term Investments104.1M70M2.7M40.6M80.6M47.5M
Inventory372.1M330.5M446.1M407.3M393.7M327.3M
Other Current Assets12.9M30.6M35.5M4.7M5.7M5.4M
Total Liab701.0M770.3M949.1M893.0M987.5M789.4M
Intangible Assets84.3M82.6M81.1M81.7M95.5M82.5M
Common Stock196.2M193.6M192.1M192.1M221.0M117.0M
Property Plant Equipment459.0M546.8M569.4M609.2M700.6M372.2M
Net Tangible Assets965.5M989.7M955.2M1.0B1.2B939.4M
Non Current Assets Total669.3M672.3M712.4M702.5M699.9M678.0M
Non Currrent Assets Other669.3M570.7M2.1M626.6K580.9K551.8K
Non Current Liabilities Total273.6M296.9M318.4M338.5M36.0M34.2M
Short Long Term Debt15.0M16.0M99.7M68.0M95.1M76.2M
Total Current Assets1.1B1.1B1.3B1.3B1.4B1.3B
Common Stock Shares Outstanding193.6M192.1M192.1M192.1M192.1M154.8M
Net Invested Capital1.3B1.3B1.5B1.5B1.3B1.5B
Net Working Capital678.3M662.5M712.9M752.1M493.2M681.1M
Net Debt187.8M62.3M71.9M70.2M63.2M116.6M
Long Term Debt258.1M273.1M287.8M301.9M347.2M300.1M
Capital Stock193.6M192.1M192.1M192.1M192.1M154.4M

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Other Information on Investing in Qijing Stock

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