CICT Operating Income vs Gross Profit Analysis

688387 Stock

6.27 0.11 1.79%

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

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CICT Mobile Communication Operating Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between CICT Mobile's Operating Income and Gross Profit is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of CICT Mobile Communication, assuming nothing else is changed. The correlation between historical values of CICT Mobile's Operating 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 Operating Income of CICT Mobile Communication 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 Operating Income i.e., CICT Mobile's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from CICT Mobile Communication 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 CICT Mobile Communication 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CICT Mobile Communication minus its cost of goods sold. It is profit before CICT Mobile 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 CICT Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CICT Mobile Communication 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 CICT Mobile Communication. 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 438.6 M, whereas Tax Provision is forecasted to decline to about 7.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	122.4M	61.6M	56.9M	81.7M
Interest Income	22.2M	27.2M	49.2M	32.4M

Interest Expense Interest Income

CICT Mobile fundamental ratios Correlations

	Net Debt	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital
Net Debt		-0.64	-0.32	0.73	-0.58	0.77	0.82	-0.8	-0.34	0.93	-0.6	-0.35	-0.76	-0.69	-0.28	0.75	-0.62	-0.48	0.78	-0.59	0.88	0.57	-0.63	-0.64	-0.56	-0.56
Total Assets	-0.64		0.87	-0.75	0.97	-0.95	-0.93	0.95	0.82	-0.62	0.67	0.84	0.91	0.93	0.72	-0.95	1.0	0.94	-0.71	1.0	-0.85	-0.84	1.0	0.94	0.89	0.97
Other Current Liab	-0.32	0.87		-0.55	0.81	-0.75	-0.7	0.77	0.98	-0.46	0.33	0.93	0.61	0.66	0.92	-0.73	0.87	0.9	-0.47	0.87	-0.67	-0.66	0.87	0.71	0.87	0.83
Total Current Liabilities	0.73	-0.75	-0.55		-0.82	0.9	0.92	-0.89	-0.48	0.71	-0.29	-0.76	-0.84	-0.65	-0.64	0.9	-0.74	-0.48	0.99	-0.75	0.92	0.94	-0.74	-0.82	-0.89	-0.82
Total Stockholder Equity	-0.58	0.97	0.81	-0.82		-0.96	-0.94	0.93	0.72	-0.52	0.61	0.86	0.94	0.91	0.7	-0.97	0.98	0.85	-0.78	0.99	-0.82	-0.93	0.97	0.98	0.9	1.0
Property Plant And Equipment Net	0.77	-0.95	-0.75	0.9	-0.96		1.0	-0.99	-0.69	0.72	-0.61	-0.82	-0.96	-0.9	-0.68	1.0	-0.95	-0.79	0.89	-0.95	0.94	0.93	-0.95	-0.96	-0.92	-0.96
Retained Earnings	0.82	-0.93	-0.7	0.92	-0.94	1.0		-0.99	-0.64	0.76	-0.61	-0.77	-0.96	-0.89	-0.64	0.99	-0.92	-0.75	0.91	-0.92	0.96	0.92	-0.92	-0.94	-0.89	-0.93
Accounts Payable	-0.8	0.95	0.77	-0.89	0.93	-0.99	-0.99		0.73	-0.79	0.59	0.82	0.93	0.88	0.71	-0.98	0.94	0.81	-0.87	0.94	-0.97	-0.89	0.95	0.92	0.92	0.93
Cash	-0.34	0.82	0.98	-0.48	0.72	-0.69	-0.64	0.73		-0.52	0.29	0.87	0.52	0.6	0.91	-0.65	0.81	0.87	-0.4	0.8	-0.65	-0.54	0.82	0.61	0.81	0.74
Non Current Assets Total	0.93	-0.62	-0.46	0.71	-0.52	0.72	0.76	-0.79	-0.52		-0.37	-0.48	-0.61	-0.55	-0.49	0.68	-0.59	-0.49	0.74	-0.56	0.9	0.52	-0.61	-0.52	-0.64	-0.52
Non Currrent Assets Other	-0.6	0.67	0.33	-0.29	0.61	-0.61	-0.61	0.59	0.29	-0.37		0.17	0.75	0.88	0.0	-0.62	0.68	0.71	-0.32	0.66	-0.47	-0.4	0.68	0.7	0.28	0.6
Long Term Debt	-0.35	0.84	0.93	-0.76	0.86	-0.82	-0.77	0.82	0.87	-0.48	0.17		0.67	0.61	0.96	-0.8	0.84	0.74	-0.69	0.86	-0.74	-0.84	0.84	0.76	0.97	0.87
Net Receivables	-0.76	0.91	0.61	-0.84	0.94	-0.96	-0.96	0.93	0.52	-0.61	0.75	0.67		0.95	0.47	-0.98	0.91	0.75	-0.84	0.91	-0.86	-0.9	0.91	0.98	0.79	0.93
Common Stock Shares Outstanding	-0.69	0.93	0.66	-0.65	0.91	-0.9	-0.89	0.88	0.6	-0.55	0.88	0.61	0.95		0.43	-0.91	0.94	0.88	-0.64	0.93	-0.76	-0.76	0.94	0.95	0.7	0.9
Non Current Liabilities Total	-0.28	0.72	0.92	-0.64	0.7	-0.68	-0.64	0.71	0.91	-0.49	0.0	0.96	0.47	0.43		-0.65	0.72	0.66	-0.56	0.72	-0.67	-0.67	0.72	0.57	0.9	0.72
Capital Lease Obligations	0.75	-0.95	-0.73	0.9	-0.97	1.0	0.99	-0.98	-0.65	0.68	-0.62	-0.8	-0.98	-0.91	-0.65		-0.95	-0.78	0.88	-0.95	0.92	0.94	-0.95	-0.97	-0.9	-0.97
Inventory	-0.62	1.0	0.87	-0.74	0.98	-0.95	-0.92	0.94	0.81	-0.59	0.68	0.84	0.91	0.94	0.72	-0.95		0.94	-0.7	1.0	-0.83	-0.84	1.0	0.95	0.88	0.98
Other Current Assets	-0.48	0.94	0.9	-0.48	0.85	-0.79	-0.75	0.81	0.87	-0.49	0.71	0.74	0.75	0.88	0.66	-0.78	0.94		-0.43	0.93	-0.67	-0.61	0.94	0.81	0.73	0.86
Total Liab	0.78	-0.71	-0.47	0.99	-0.78	0.89	0.91	-0.87	-0.4	0.74	-0.32	-0.69	-0.84	-0.64	-0.56	0.88	-0.7	-0.43		-0.71	0.92	0.91	-0.7	-0.8	-0.84	-0.77
Net Invested Capital	-0.59	1.0	0.87	-0.75	0.99	-0.95	-0.92	0.94	0.8	-0.56	0.66	0.86	0.91	0.93	0.72	-0.95	1.0	0.93	-0.71		-0.82	-0.86	1.0	0.96	0.89	0.99
Property Plant And Equipment Gross	0.88	-0.85	-0.67	0.92	-0.82	0.94	0.96	-0.97	-0.65	0.9	-0.47	-0.74	-0.86	-0.76	-0.67	0.92	-0.83	-0.67	0.92	-0.82		0.83	-0.84	-0.82	-0.88	-0.82
Short Long Term Debt	0.57	-0.84	-0.66	0.94	-0.93	0.93	0.92	-0.89	-0.54	0.52	-0.4	-0.84	-0.9	-0.76	-0.67	0.94	-0.84	-0.61	0.91	-0.86	0.83		-0.84	-0.93	-0.91	-0.93
Total Current Assets	-0.63	1.0	0.87	-0.74	0.97	-0.95	-0.92	0.95	0.82	-0.61	0.68	0.84	0.91	0.94	0.72	-0.95	1.0	0.94	-0.7	1.0	-0.84	-0.84		0.94	0.88	0.97
Capital Stock	-0.64	0.94	0.71	-0.82	0.98	-0.96	-0.94	0.92	0.61	-0.52	0.7	0.76	0.98	0.95	0.57	-0.97	0.95	0.81	-0.8	0.96	-0.82	-0.93	0.94		0.84	0.98
Non Current Liabilities Other	-0.56	0.89	0.87	-0.89	0.9	-0.92	-0.89	0.92	0.81	-0.64	0.28	0.97	0.79	0.7	0.9	-0.9	0.88	0.73	-0.84	0.89	-0.88	-0.91	0.88	0.84		0.91
Net Working Capital	-0.56	0.97	0.83	-0.82	1.0	-0.96	-0.93	0.93	0.74	-0.52	0.6	0.87	0.93	0.9	0.72	-0.97	0.98	0.86	-0.77	0.99	-0.82	-0.93	0.97	0.98	0.91

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Other Information on Investing in CICT Stock

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

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CICT Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

CICT Mobile fundamental ratios Correlations

CICT Mobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in CICT Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Property Plant And Equipment Net
Capital Lease Obligations	+ 1.0	Property Plant And Equipment Net

Accounts Payable	- 0.99	Retained Earnings
Accounts Payable	- 0.99	Property Plant And Equipment Net
Capital Lease Obligations	- 0.98	Net Receivables
Capital Lease Obligations	- 0.98	Accounts Payable
Net Working Capital	- 0.97	Capital Lease Obligations
Capital Stock	- 0.97	Capital Lease Obligations