HUTCHMED Operating Income vs Income Tax Expense Analysis
HCM Stock | USD 21.55 0.15 0.70% |
HUTCHMED DRC financial indicator trend analysis is much more than just examining HUTCHMED DRC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HUTCHMED DRC is a good investment. Please check the relationship between HUTCHMED DRC Operating Income and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HUTCHMED DRC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HUTCHMED Stock, please use our How to Invest in HUTCHMED DRC guide.
Operating Income vs Income Tax Expense
Operating Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HUTCHMED DRC Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between HUTCHMED DRC's Operating Income and Income Tax Expense is -0.32. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of HUTCHMED DRC, assuming nothing else is changed. The correlation between historical values of HUTCHMED DRC's Operating Income and Income Tax Expense 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 HUTCHMED DRC are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., HUTCHMED DRC's Operating Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from HUTCHMED DRC 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 HUTCHMED DRC 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.Income Tax Expense
Most indicators from HUTCHMED DRC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HUTCHMED DRC 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 HUTCHMED DRC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HUTCHMED Stock, please use our How to Invest in HUTCHMED DRC guide.At this time, HUTCHMED DRC's Discontinued Operations is very stable compared to the past year. As of the 16th of May 2024, Tax Provision is likely to grow to about 4.5 M, while Selling General Administrative is likely to drop about 48.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 592K | 652K | 759K | 879.4K | Depreciation And Amortization | 7.2M | 8.7M | 8.2M | 4.9M |
HUTCHMED DRC fundamental ratios Correlations
Click cells to compare fundamentals
HUTCHMED DRC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HUTCHMED DRC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 465.1M | 724.1M | 1.4B | 1.0B | 1.3B | 1.3B | |
Short Long Term Debt Total | 33.1M | 35.7M | 34.1M | 23.3M | 86.1M | 90.4M | |
Other Current Liab | 445K | 374K | 17.2M | 4.8M | 274.0M | 287.7M | |
Total Current Liabilities | 113.1M | 158.4M | 311.7M | 353.9M | 403.0M | 423.2M | |
Total Stockholder Equity | 288.0M | 484.1M | 986.9M | 610.4M | 730.5M | 767.1M | |
Property Plant And Equipment Net | 27.5M | 45.3M | 66.3M | 84.7M | 104.4M | 109.6M | |
Current Deferred Revenue | 85.5M | 123.6M | 226.4M | 13.3M | 57.6M | 31.5M | |
Net Debt | (88.1M) | (199.9M) | (343.5M) | (290.0M) | (197.5M) | (187.6M) | |
Retained Earnings | (289.7M) | (415.6M) | (610.3M) | (971.5M) | (870.9M) | (827.3M) | |
Accounts Payable | 24.0M | 31.6M | 41.2M | 71.1M | 36.3M | 24.7M | |
Cash | 121.2M | 235.6M | 377.5M | 313.3M | 283.6M | 297.8M | |
Non Current Assets Total | 148.1M | 193.4M | 160.6M | 189.6M | 182.9M | 122.5M | |
Non Currrent Assets Other | 113.5M | 203.1M | 639.0M | 327.1M | 11.6M | 11.0M | |
Cash And Short Term Investments | 217.2M | 435.2M | 1.0B | 631.0M | 886.3M | 930.7M | |
Common Stock Shares Outstanding | 133.1M | 139.6M | 158.5M | 169.4M | 173.8M | 130.7M | |
Liabilities And Stockholders Equity | 465.1M | 724.1M | 1.4B | 1.0B | 1.3B | 1.3B | |
Inventory | 16.2M | 19.8M | 35.8M | 56.7M | 50.3M | 52.8M | |
Other Current Assets | 42.2M | 29.2M | 81.0M | 152.2M | 9.8M | 9.3M | |
Other Stockholder Equity | 511.1M | 822.5M | 1.5B | 1.5B | 1.5B | 1.6B | |
Total Liab | 152.2M | 205.2M | 333.1M | 392.6M | 536.4M | 563.2M | |
Property Plant And Equipment Gross | 60.3M | 45.3M | 99.2M | 121.5M | 151.0M | 158.5M | |
Total Current Assets | 317.0M | 530.7M | 1.2B | 839.9M | 1.1B | 1.2B | |
Accumulated Other Comprehensive Income | (3.8M) | 4.5M | 5.6M | (1.9M) | (8.2M) | (8.6M) | |
Short Term Debt | 3.2M | 2.8M | 26.9M | 264.6M | 35.1M | 33.9M | |
Intangible Assets | 275K | 227K | 163K | 3.2M | 2.9M | 4.6M | |
Short Term Investments | 96.0M | 199.5M | 634.2M | 317.7M | 602.7M | 632.9M | |
Common Stock | 66.7M | 72.8M | 86.5M | 86.5M | 87.1M | 68.2M | |
Net Receivables | 41.4M | 46.6M | 83.6M | 98.0M | 150.5M | 158.0M | |
Non Current Liabilities Total | 39.1M | 46.8M | 21.5M | 38.7M | 133.4M | 140.0M | |
Good Will | 3.2M | 3.1M | 3.3M | 3.4M | 3.1M | 2.6M | |
Other Liab | 8.7M | 13.3M | 14.3M | 15.4M | 17.7M | 10.1M | |
Net Tangible Assets | 284.6M | 480.6M | 983.4M | 610.4M | 701.9M | 394.5M | |
Other Assets | 24.2M | 18.2M | 27.4M | 31.1M | 1.0 | 0.95 | |
Property Plant Equipment | 26.4M | 32.2M | 53.2M | 84.7M | 97.4M | 102.2M | |
Long Term Debt | 26.7M | 26.8M | 26.9M | 18.1M | 48.2M | 25.3M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HUTCHMED DRC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HUTCHMED Stock, please use our How to Invest in HUTCHMED DRC guide.Note that the HUTCHMED DRC information on this page should be used as a complementary analysis to other HUTCHMED DRC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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Is HUTCHMED DRC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HUTCHMED DRC. If investors know HUTCHMED will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HUTCHMED DRC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.6 | Revenue Per Share 4.93 | Quarterly Revenue Growth 0.36 | Return On Assets 0.01 | Return On Equity 0.1465 |
The market value of HUTCHMED DRC is measured differently than its book value, which is the value of HUTCHMED that is recorded on the company's balance sheet. Investors also form their own opinion of HUTCHMED DRC's value that differs from its market value or its book value, called intrinsic value, which is HUTCHMED DRC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HUTCHMED DRC's market value can be influenced by many factors that don't directly affect HUTCHMED DRC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HUTCHMED DRC's value and its price as these two are different measures arrived at by different means. Investors typically determine if HUTCHMED DRC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HUTCHMED DRC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.