Zhejiang Net Income vs Operating Income Analysis

688298 Stock

32.39 0.27 0.83%

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

Net Income vs Operating Income Correlation Analysis

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

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

Correlation Coefficient

1.0

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 Zhejiang Orient Gene financial statement analysis. It represents the amount of money remaining after all of Zhejiang Orient Gene operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from Zhejiang Orient Gene 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 Zhejiang Orient Gene 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 Zhejiang Orient's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Orient Gene 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 Zhejiang Orient Gene. 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 339.8 M, whereas Tax Provision is forecasted to decline to about 13.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	7.5B	4.5B	352.8M	335.1M
Total Revenue	10.2B	8.8B	820.2M	779.1M

Gross Profit Total Revenue

Zhejiang Orient 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	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.64	0.95	0.94	0.85	0.91	0.94	0.95	0.99	0.75	0.93	0.85	0.67	0.57	0.94	0.92	0.55	0.98	0.76	0.16	0.99	0.8	0.91	0.83	0.89	1.0
Other Current Liab	0.64		0.81	0.5	0.27	0.41	0.49	0.72	0.72	0.1	0.73	0.26	0.89	-0.1	0.82	0.73	-0.2	0.76	0.1	-0.48	0.73	0.15	0.38	0.21	0.31	0.57
Total Current Liabilities	0.95	0.81		0.89	0.74	0.83	0.89	0.98	0.98	0.6	0.97	0.74	0.79	0.39	0.96	0.92	0.37	0.99	0.62	-0.05	0.98	0.67	0.77	0.71	0.74	0.92
Total Stockholder Equity	0.94	0.5	0.89		0.96	0.99	1.0	0.88	0.93	0.9	0.86	0.96	0.62	0.76	0.88	0.86	0.69	0.92	0.89	0.39	0.93	0.91	0.86	0.95	0.89	0.96
Other Liab	0.85	0.27	0.74	0.96		0.98	0.96	0.75	0.8	0.97	0.72	0.98	0.44	0.89	0.76	0.73	0.83	0.79	0.96	0.57	0.81	0.96	0.86	0.99	0.9	0.88
Net Tangible Assets	0.91	0.41	0.83	0.99	0.98		0.99	0.81	0.87	0.94	0.79	0.98	0.58	0.84	0.84	0.82	0.74	0.86	0.92	0.5	0.88	0.93	0.86	0.97	0.9	0.93
Retained Earnings	0.94	0.49	0.89	1.0	0.96	0.99		0.89	0.93	0.9	0.87	0.96	0.61	0.76	0.87	0.86	0.7	0.91	0.89	0.4	0.93	0.92	0.86	0.95	0.88	0.96
Accounts Payable	0.95	0.72	0.98	0.88	0.75	0.81	0.89		0.98	0.61	1.0	0.75	0.68	0.38	0.9	0.89	0.44	0.98	0.65	-0.05	0.97	0.71	0.76	0.73	0.73	0.92
Cash	0.99	0.72	0.98	0.93	0.8	0.87	0.93	0.98		0.68	0.97	0.8	0.74	0.48	0.94	0.95	0.45	0.99	0.69	0.05	1.0	0.74	0.83	0.77	0.8	0.97
Non Current Assets Total	0.75	0.1	0.6	0.9	0.97	0.94	0.9	0.61	0.68		0.58	0.98	0.29	0.96	0.63	0.59	0.9	0.66	0.98	0.73	0.69	0.97	0.82	0.99	0.89	0.8
Non Currrent Assets Other	0.93	0.73	0.97	0.86	0.72	0.79	0.87	1.0	0.97	0.58		0.73	0.7	0.35	0.88	0.9	0.4	0.96	0.61	-0.08	0.96	0.68	0.72	0.7	0.68	0.9
Other Assets	0.85	0.26	0.74	0.96	0.98	0.98	0.96	0.75	0.8	0.98	0.73		0.41	0.89	0.75	0.71	0.85	0.79	0.97	0.6	0.81	0.98	0.86	1.0	0.91	0.89
Net Receivables	0.67	0.89	0.79	0.62	0.44	0.58	0.61	0.68	0.74	0.29	0.7	0.41		0.15	0.83	0.86	-0.12	0.75	0.22	-0.17	0.75	0.25	0.39	0.36	0.36	0.63
Non Current Liabilities Total	0.57	-0.1	0.39	0.76	0.89	0.84	0.76	0.38	0.48	0.96	0.35	0.89	0.15		0.46	0.42	0.88	0.46	0.92	0.87	0.49	0.89	0.71	0.91	0.79	0.64
Inventory	0.94	0.82	0.96	0.88	0.76	0.84	0.87	0.9	0.94	0.63	0.88	0.75	0.83	0.46		0.9	0.36	0.97	0.63	0.03	0.96	0.66	0.81	0.72	0.78	0.91
Other Current Assets	0.92	0.73	0.92	0.86	0.73	0.82	0.86	0.89	0.95	0.59	0.9	0.71	0.86	0.42	0.9		0.27	0.93	0.55	0.05	0.94	0.6	0.7	0.67	0.68	0.9
Other Stockholder Equity	0.55	-0.2	0.37	0.69	0.83	0.74	0.7	0.44	0.45	0.9	0.4	0.85	-0.12	0.88	0.36	0.27		0.44	0.94	0.72	0.46	0.93	0.72	0.88	0.78	0.6
Total Liab	0.98	0.76	0.99	0.92	0.79	0.86	0.91	0.98	0.99	0.66	0.96	0.79	0.75	0.46	0.97	0.93	0.44		0.68	0.02	1.0	0.73	0.83	0.76	0.8	0.96
Deferred Long Term Liab	0.76	0.1	0.62	0.89	0.96	0.92	0.89	0.65	0.69	0.98	0.61	0.97	0.22	0.92	0.63	0.55	0.94	0.68		0.66	0.69	0.99	0.85	0.99	0.9	0.8
Short Long Term Debt	0.16	-0.48	-0.05	0.39	0.57	0.5	0.4	-0.05	0.05	0.73	-0.08	0.6	-0.17	0.87	0.03	0.05	0.72	0.02	0.66		0.06	0.61	0.37	0.62	0.48	0.25
Total Current Assets	0.99	0.73	0.98	0.93	0.81	0.88	0.93	0.97	1.0	0.69	0.96	0.81	0.75	0.49	0.96	0.94	0.46	1.0	0.69	0.06		0.74	0.84	0.78	0.82	0.97
Intangible Assets	0.8	0.15	0.67	0.91	0.96	0.93	0.92	0.71	0.74	0.97	0.68	0.98	0.25	0.89	0.66	0.6	0.93	0.73	0.99	0.61	0.74		0.85	0.99	0.9	0.84
Common Stock	0.91	0.38	0.77	0.86	0.86	0.86	0.86	0.76	0.83	0.82	0.72	0.86	0.39	0.71	0.81	0.7	0.72	0.83	0.85	0.37	0.84	0.85		0.87	0.99	0.93
Property Plant Equipment	0.83	0.21	0.71	0.95	0.99	0.97	0.95	0.73	0.77	0.99	0.7	1.0	0.36	0.91	0.72	0.67	0.88	0.76	0.99	0.62	0.78	0.99	0.87		0.91	0.87
Common Stock Shares Outstanding	0.89	0.31	0.74	0.89	0.9	0.9	0.88	0.73	0.8	0.89	0.68	0.91	0.36	0.79	0.78	0.68	0.78	0.8	0.9	0.48	0.82	0.9	0.99	0.91		0.92
Net Invested Capital	1.0	0.57	0.92	0.96	0.88	0.93	0.96	0.92	0.97	0.8	0.9	0.89	0.63	0.64	0.91	0.9	0.6	0.96	0.8	0.25	0.97	0.84	0.93	0.87	0.92

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Zhejiang Orient Account Relationship Matchups

Zhejiang Orient fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	361.5M	3.6B	9.0B	10.7B	9.0B	4.6B
Other Current Liab	8.5M	643.4M	751.1M	476.1M	1.2M	1.2M
Total Current Liabilities	91.5M	1.1B	2.1B	2.3B	1.1B	962.8M
Total Stockholder Equity	251.7M	2.4B	6.9B	8.2B	7.4B	7.8B
Other Liab	9.3M	8.8M	17.0M	23.6M	27.2M	28.5M
Net Tangible Assets	237.1M	2.4B	6.7B	7.7B	8.8B	9.3B
Retained Earnings	132.4M	1.8B	6.2B	7.5B	6.7B	7.0B
Accounts Payable	49.2M	372.0M	1.2B	1.6B	600.5M	537.7M
Cash	85.4M	2.0B	6.1B	6.6B	4.2B	2.6B
Non Current Assets Total	101.8M	253.9M	850.5M	2.0B	3.1B	3.3B
Non Currrent Assets Other	69.0K	26.8M	129.4M	158.9M	51.3M	51.8M
Other Assets	9.3M	77.4M	216.9M	365.2M	420.0M	441.0M
Net Receivables	87.1M	625.8M	1.2B	309.4M	206.2M	352.8M
Non Current Liabilities Total	15.9M	8.8M	29.7M	102.3M	360.4M	378.5M
Inventory	78.0M	381.6M	470.6M	431.9M	346.8M	258.4M
Other Current Assets	9.2M	30.5M	151.2M	86.0M	75.4M	49.6M
Other Stockholder Equity	899.1K	(7.8M)	(12.7M)	28.3M	32.5M	34.1M
Total Liab	107.4M	1.1B	2.1B	2.4B	1.4B	1.0B
Deferred Long Term Liab	4.5M	5.1M	7.4M	36.3M	41.8M	43.9M
Short Long Term Debt	20.4M	2.4M	5.8M	3.6M	264.4M	277.6M
Total Current Assets	259.7M	3.3B	8.1B	8.7B	5.9B	3.7B
Intangible Assets	372.7K	14.1M	111.5M	458.0M	455.6M	478.3M
Property Plant Equipment	77.9M	162.4M	481.3M	1.1B	1.2B	1.3B
Net Invested Capital	278.7M	2.4B	6.9B	8.2B	8.0B	4.1B
Net Working Capital	168.2M	2.2B	6.1B	6.5B	4.8B	3.1B

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Other Information on Investing in Zhejiang Stock

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

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Zhejiang Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Zhejiang Orient fundamental ratios Correlations

Zhejiang Orient Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Orient fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Currrent Assets Other	+ 1.0	Accounts Payable
Total Current Assets	+ 1.0	Cash
Property Plant Equipment	+ 1.0	Other Assets
Total Current Assets	+ 1.0	Total Liab

Short Long Term Debt	- 0.48	Other Current Liab
Other Stockholder Equity	- 0.2	Other Current Liab
Short Long Term Debt	- 0.17	Net Receivables
Other Stockholder Equity	- 0.12	Net Receivables
Non Current Liabilities Total	- 0.1	Other Current Liab
Short Long Term Debt	- 0.08	Non Currrent Assets Other