Golden Net Income vs Operating Income Analysis

GOLDENTOBC

40.02 0.08 0.20%

Golden Tobacco financial indicator trend analysis is much more than just examining Golden Tobacco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Tobacco is a good investment. Please check the relationship between Golden Tobacco Net Income and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Tobacco Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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 Golden Tobacco Net Income account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Golden Tobacco's Net Income and Operating Income is 0.8. 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 Golden Tobacco Limited, assuming nothing else is changed. The correlation between historical values of Golden Tobacco'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 Golden Tobacco Limited 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., Golden Tobacco's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	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 Golden Tobacco financial statement analysis. It represents the amount of money remaining after all of Golden Tobacco Limited 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 Golden Tobacco 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 Golden Tobacco Limited 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 Golden Tobacco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Tobacco 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Tobacco Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Selling General Administrative is likely to drop to about 1 M in 2024. Tax Provision is likely to drop to about 34.2 K in 2024

	2019	2020	2023	2024 (projected)
Gross Profit	13.8M	241.4M	277.6M	202.2M
Total Revenue	193.9M	417.9M	376.2M	685.0M

Gross Profit Total Revenue

Golden Tobacco fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Retained Earnings	Other Liab
Total Assets		0.86	-0.48	-0.43	0.56	0.41	-0.54	0.86	0.06	0.43	0.93	0.84	0.39	0.22	-0.27	0.01	0.9	0.88	-0.1	-0.02	0.8	0.62	0.48	-0.26	0.56	0.79
Short Long Term Debt Total	0.86		-0.5	-0.48	0.53	0.32	-0.43	1.0	-0.05	0.45	0.85	0.72	0.4	0.18	-0.25	0.25	0.88	0.65	-0.13	-0.08	0.67	0.47	0.54	-0.24	0.61	0.61
Other Current Liab	-0.48	-0.5		0.92	-0.92	-0.74	0.22	-0.47	-0.5	-0.83	-0.27	-0.21	-0.83	-0.73	0.26	-0.26	-0.6	-0.32	-0.34	0.35	0.1	-0.64	0.0	0.31	-0.9	-0.76
Total Current Liabilities	-0.43	-0.48	0.92		-0.86	-0.51	0.12	-0.46	-0.21	-0.7	-0.31	-0.35	-0.69	-0.5	0.13	-0.22	-0.67	-0.22	-0.12	0.39	0.1	-0.43	0.21	0.16	-0.88	-0.68
Total Stockholder Equity	0.56	0.53	-0.92	-0.86		0.84	-0.3	0.5	0.57	0.92	0.33	0.34	0.91	0.81	-0.2	0.11	0.64	0.46	0.44	-0.33	-0.02	0.78	0.0	-0.25	0.98	0.8
Property Plant And Equipment Net	0.41	0.32	-0.74	-0.51	0.84		-0.31	0.28	0.9	0.91	0.07	0.04	0.93	0.97	-0.44	0.06	0.33	0.52	0.74	-0.15	-0.12	0.94	0.18	-0.5	0.78	0.69
Current Deferred Revenue	-0.54	-0.43	0.22	0.12	-0.3	-0.31		-0.42	-0.14	-0.36	-0.44	-0.53	-0.34	-0.22	0.14	0.62	-0.41	-0.56	-0.15	-0.13	-0.44	-0.48	-0.42	0.14	-0.3	-0.46
Net Debt	0.86	1.0	-0.47	-0.46	0.5	0.28	-0.42		-0.09	0.41	0.86	0.73	0.36	0.14	-0.23	0.25	0.88	0.65	-0.17	-0.07	0.69	0.44	0.55	-0.22	0.58	0.59
Accounts Payable	0.06	-0.05	-0.5	-0.21	0.57	0.9	-0.14	-0.09		0.73	-0.3	-0.34	0.76	0.93	-0.39	0.04	-0.09	0.25	0.86	-0.03	-0.37	0.78	0.12	-0.45	0.49	0.39
Cash	0.43	0.45	-0.83	-0.7	0.92	0.91	-0.36	0.41	0.73		0.14	0.14	1.0	0.91	-0.34	0.11	0.46	0.42	0.66	-0.34	-0.14	0.85	0.09	-0.4	0.93	0.67
Non Current Assets Total	0.93	0.85	-0.27	-0.31	0.33	0.07	-0.44	0.86	-0.3	0.14		0.91	0.09	-0.13	-0.07	0.03	0.88	0.73	-0.42	-0.03	0.9	0.3	0.46	-0.04	0.35	0.61
Non Currrent Assets Other	0.84	0.72	-0.21	-0.35	0.34	0.04	-0.53	0.73	-0.34	0.14	0.91		0.09	-0.15	0.01	-0.23	0.85	0.69	-0.39	0.01	0.81	0.27	0.3	0.03	0.36	0.6
Cash And Short Term Investments	0.39	0.4	-0.83	-0.69	0.91	0.93	-0.34	0.36	0.76	1.0	0.09	0.09		0.93	-0.34	0.11	0.41	0.39	0.7	-0.33	-0.19	0.85	0.07	-0.4	0.91	0.65
Net Receivables	0.22	0.18	-0.73	-0.5	0.81	0.97	-0.22	0.14	0.93	0.91	-0.13	-0.15	0.93		-0.38	0.08	0.17	0.31	0.82	-0.17	-0.33	0.85	0.06	-0.44	0.76	0.54
Common Stock Shares Outstanding	-0.27	-0.25	0.26	0.13	-0.2	-0.44	0.14	-0.23	-0.39	-0.34	-0.07	0.01	-0.34	-0.38		-0.12	-0.21	-0.43	-0.27	-0.03	-0.02	-0.49	-0.21	1.0	-0.21	-0.33
Short Term Investments	0.01	0.25	-0.26	-0.22	0.11	0.06	0.62	0.25	0.04	0.11	0.03	-0.23	0.11	0.08	-0.12		0.12	-0.15	0.04	-0.33	-0.08	-0.03	0.11	-0.12	0.17	0.01
Non Current Liabilities Total	0.9	0.88	-0.6	-0.67	0.64	0.33	-0.41	0.88	-0.09	0.46	0.88	0.85	0.41	0.17	-0.21	0.12		0.74	-0.23	-0.17	0.65	0.49	0.27	-0.2	0.67	0.83
Inventory	0.88	0.65	-0.32	-0.22	0.46	0.52	-0.56	0.65	0.25	0.42	0.73	0.69	0.39	0.31	-0.43	-0.15	0.74		0.05	0.14	0.72	0.76	0.45	-0.42	0.44	0.78
Other Current Assets	-0.1	-0.13	-0.34	-0.12	0.44	0.74	-0.15	-0.17	0.86	0.66	-0.42	-0.39	0.7	0.82	-0.27	0.04	-0.23	0.05		0.0	-0.46	0.63	-0.02	-0.33	0.4	0.14
Other Stockholder Equity	-0.02	-0.08	0.35	0.39	-0.33	-0.15	-0.13	-0.07	-0.03	-0.34	-0.03	0.01	-0.33	-0.17	-0.03	-0.33	-0.17	0.14	0.0		0.19	-0.02	0.13	-0.01	-0.35	-0.21
Total Liab	0.8	0.67	0.1	0.1	-0.02	-0.12	-0.44	0.69	-0.37	-0.14	0.9	0.81	-0.19	-0.33	-0.02	-0.08	0.65	0.72	-0.46	0.19		0.18	0.57	0.02	-0.01	0.38
Total Current Assets	0.62	0.47	-0.64	-0.43	0.78	0.94	-0.48	0.44	0.78	0.85	0.3	0.27	0.85	0.85	-0.49	-0.03	0.49	0.76	0.63	-0.02	0.18		0.29	-0.53	0.74	0.77
Short Term Debt	0.48	0.54	0.0	0.21	0.0	0.18	-0.42	0.55	0.12	0.09	0.46	0.3	0.07	0.06	-0.21	0.11	0.27	0.45	-0.02	0.13	0.57	0.29		-0.19	0.01	0.23
Common Stock	-0.26	-0.24	0.31	0.16	-0.25	-0.5	0.14	-0.22	-0.45	-0.4	-0.04	0.03	-0.4	-0.44	1.0	-0.12	-0.2	-0.42	-0.33	-0.01	0.02	-0.53	-0.19		-0.25	-0.35
Retained Earnings	0.56	0.61	-0.9	-0.88	0.98	0.78	-0.3	0.58	0.49	0.93	0.35	0.36	0.91	0.76	-0.21	0.17	0.67	0.44	0.4	-0.35	-0.01	0.74	0.01	-0.25		0.75
Other Liab	0.79	0.61	-0.76	-0.68	0.8	0.69	-0.46	0.59	0.39	0.67	0.61	0.6	0.65	0.54	-0.33	0.01	0.83	0.78	0.14	-0.21	0.38	0.77	0.23	-0.35	0.75

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Golden Tobacco Account Relationship Matchups

Golden Tobacco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	1.9B	1.7B	1.5B	1.3B	2.6B
Other Current Liab	3.4B	3.4B	3.2B	3.4B	3.9B	2.6B
Total Current Liabilities	5.0B	4.0B	3.9B	3.5B	4.1B	3.1B
Total Stockholder Equity	(2.3B)	(2.1B)	(2.1B)	(2.0B)	(1.8B)	(1.7B)
Property Plant And Equipment Net	157.8M	151.5M	81.2M	77.7M	69.9M	66.4M
Current Deferred Revenue	136.8M	3.6B	1.1B	980.8M	1.1B	697.4M
Net Debt	1.1B	124.0M	10.8M	8.4M	7.6M	7.2M
Accounts Payable	312.2M	298.7M	55.8M	56.9M	51.3M	48.7M
Cash	16.9M	3.5M	9.2M	11.6M	10.4M	9.9M
Non Current Assets Total	2.2B	1.6B	1.4B	1.3B	1.5B	2.2B
Non Currrent Assets Other	469.7M	118.7M	131.9M	1.2B	1.4B	1.5B
Cash And Short Term Investments	16.9M	3.5M	9.2M	11.6M	10.4M	9.9M
Net Receivables	96.3M	77.8M	32.5M	6.2M	5.6M	5.3M
Short Term Investments	52.7M	113.7M	22.5M	3.6M	4.2M	3.9M
Liabilities And Stockholders Equity	2.7B	1.9B	1.7B	1.5B	1.3B	2.6B
Inventory	300.6M	265.8M	239.8M	107.5M	96.7M	91.9M
Other Current Assets	61.8M	27.3M	35.2M	30.9M	27.8M	26.4M
Other Stockholder Equity	785.0M	782.1M	689.2M	713.9M	642.5M	931.7M
Total Liab	5.0B	4.0B	3.9B	3.5B	4.1B	4.4B
Total Current Assets	475.6M	374.4M	314.2M	153.0M	137.7M	130.8M
Accumulated Other Comprehensive Income	(16.1M)	(22.4M)	(29.4M)	180.2M	207.3M	217.6M
Short Term Debt	1.2B	127.6M	(442.8M)	20M	18M	17.1M
Retained Earnings	(3.3B)	(3.0B)	(3.0B)	(2.9B)	(2.6B)	(2.8B)
Net Tangible Assets	(2.4B)	(2.1B)	(2.1B)	(2.0B)	(1.8B)	(1.9B)
Other Assets	1.9B	1.3B	1.3B	1.2B	1.1B	1.5B
Property Plant Equipment	157.8M	151.5M	81.2M	77.7M	69.9M	128.6M
Cash And Equivalents	16.9M	3.5M	9.2M	11.6M	13.3M	10.3M
Intangible Assets	1.6B	1.1B	1.1B	1.6M	1.8M	1.7M

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Golden Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Golden Tobacco fundamental ratios Correlations

Golden Tobacco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Golden Tobacco fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Shares Outstanding
Retained Earnings	+ 0.98	Total Stockholder Equity
Net Receivables	+ 0.97	Property Plant And Equipment Net
Total Current Assets	+ 0.94	Property Plant And Equipment Net

Total Stockholder Equity	- 0.92	Other Current Liab
Retained Earnings	- 0.9	Other Current Liab
Retained Earnings	- 0.88	Total Current Liabilities
Total Stockholder Equity	- 0.86	Total Current Liabilities
Cash And Short Term Investments	- 0.83	Other Current Liab
Cash	- 0.83	Other Current Liab