China Price to Sales Ratio vs Operating Income Analysis

CYD Stock  USD 8.70  0.05  0.58%   
China Yuchai financial indicator trend analysis is way more than just evaluating China Yuchai Interna prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Yuchai Interna is a good investment. Please check the relationship between China Yuchai Price To Sales Ratio and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Yuchai International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

Price To Sales Ratio vs Operating Income

Price to Sales Ratio vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Yuchai Interna Price to Sales Ratio account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Yuchai's Price to Sales Ratio and Operating Income is -0.43. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of China Yuchai International, assuming nothing else is changed. The correlation between historical values of China Yuchai's Price to Sales Ratio 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 Price to Sales Ratio of China Yuchai International 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 Price to Sales Ratio i.e., China Yuchai's Price to Sales Ratio and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing China Yuchai Interna stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on China Yuchai sales, a figure that is much harder to manipulate than other China Yuchai International multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Operating Income

Operating Income is the amount of profit realized from China Yuchai Interna 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 China Yuchai International 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 China Yuchai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Yuchai Interna 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 China Yuchai International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
The current year's Enterprise Value Multiple is expected to grow to 10.83, whereas Selling General Administrative is forecasted to decline to about 1.2 B.
 2021 2022 2023 2024 (projected)
Gross Profit3.0B2.6B3.0B2.6B
Total Revenue21.3B16.0B18.4B11.2B

China Yuchai fundamental ratios Correlations

0.870.51-0.020.720.840.09-0.140.860.790.30.1-0.370.30.880.58-0.27-0.40.810.490.520.430.040.320.960.73
0.870.39-0.270.580.74-0.240.060.970.970.08-0.17-0.490.080.620.88-0.53-0.40.950.760.330.330.190.570.930.75
0.510.39-0.110.450.340.070.160.210.360.140.130.260.110.540.28-0.060.340.580.170.240.890.00.350.37-0.08
-0.02-0.27-0.110.510.090.94-0.87-0.21-0.340.830.930.50.840.31-0.520.89-0.11-0.36-0.690.76-0.170.45-0.87-0.12-0.05
0.720.580.450.510.70.58-0.620.550.550.760.660.160.750.810.330.31-0.330.540.060.890.380.6-0.240.630.48
0.840.740.340.090.70.07-0.280.790.680.340.11-0.430.350.850.55-0.24-0.510.610.420.430.310.270.150.770.72
0.09-0.240.070.940.580.07-0.8-0.23-0.310.830.980.570.820.41-0.540.91-0.06-0.28-0.680.80.010.37-0.84-0.04-0.06
-0.140.060.16-0.87-0.62-0.28-0.8-0.020.13-0.95-0.82-0.39-0.96-0.340.32-0.760.150.180.55-0.820.04-0.50.76-0.07-0.1
0.860.970.21-0.210.550.79-0.23-0.020.920.1-0.17-0.630.110.620.83-0.53-0.550.850.740.320.170.170.480.930.86
0.790.970.36-0.340.550.68-0.310.130.920.0-0.21-0.450.00.540.94-0.57-0.360.950.810.260.290.270.610.860.69
0.30.080.140.830.760.340.83-0.950.10.00.870.481.00.48-0.220.74-0.040.02-0.490.920.220.51-0.640.20.08
0.1-0.170.130.930.660.110.98-0.82-0.17-0.210.870.620.860.41-0.420.9-0.02-0.19-0.610.850.070.53-0.8-0.02-0.07
-0.37-0.490.260.50.16-0.430.57-0.39-0.63-0.450.480.620.46-0.16-0.510.770.66-0.31-0.670.350.290.3-0.48-0.49-0.74
0.30.080.110.840.750.350.82-0.960.110.01.00.860.460.48-0.220.74-0.070.01-0.490.920.190.5-0.650.210.1
0.880.620.540.310.810.850.41-0.340.620.540.480.41-0.160.480.290.05-0.390.560.160.640.380.16-0.010.760.59
0.580.880.28-0.520.330.55-0.540.320.830.94-0.22-0.42-0.51-0.220.29-0.71-0.290.870.910.010.240.280.710.680.58
-0.27-0.53-0.060.890.31-0.240.91-0.76-0.53-0.570.740.90.770.740.05-0.710.21-0.53-0.840.61-0.050.34-0.88-0.38-0.4
-0.4-0.40.34-0.11-0.33-0.51-0.060.15-0.55-0.36-0.04-0.020.66-0.07-0.39-0.290.21-0.15-0.32-0.190.45-0.180.15-0.45-0.88
0.810.950.58-0.360.540.61-0.280.180.850.950.02-0.19-0.310.010.560.87-0.53-0.150.740.270.50.150.680.850.54
0.490.760.17-0.690.060.42-0.680.550.740.81-0.49-0.61-0.67-0.490.160.91-0.84-0.320.74-0.250.140.030.780.610.57
0.520.330.240.760.890.430.8-0.820.320.260.920.850.350.920.640.010.61-0.190.27-0.250.20.53-0.480.450.29
0.430.330.89-0.170.380.310.010.040.170.290.220.070.290.190.380.24-0.050.450.50.140.20.00.310.32-0.16
0.040.190.00.450.60.270.37-0.50.170.270.510.530.30.50.160.280.34-0.180.150.030.530.0-0.350.030.12
0.320.570.35-0.87-0.240.15-0.840.760.480.61-0.64-0.8-0.48-0.65-0.010.71-0.880.150.680.78-0.480.31-0.350.410.16
0.960.930.37-0.120.630.77-0.04-0.070.930.860.2-0.02-0.490.210.760.68-0.38-0.450.850.610.450.320.030.410.8
0.730.75-0.08-0.050.480.72-0.06-0.10.860.690.08-0.07-0.740.10.590.58-0.4-0.880.540.570.29-0.160.120.160.8
Click cells to compare fundamentals

China Yuchai Account Relationship Matchups

China Yuchai fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets23.9B26.3B25.1B24.9B28.6B30.1B
Short Long Term Debt Total2.1B2.3B2.2B2.4B2.8B1.6B
Other Current Liab3.0B3.0B2.6B(2.8B)(3.2B)(3.0B)
Total Current Liabilities11.2B13.1B12.6B6.9B8.0B6.2B
Total Stockholder Equity8.8B9.0B8.9B9.0B10.4B5.3B
Property Plant And Equipment Net4.6B4.6B4.5B27K31.1K29.5K
Net Debt(3.6B)(3.6B)(2.5B)2.4B2.2B2.3B
Retained Earnings6.5B6.8B6.6B6.7B7.7B8.0B
Accounts Payable5.7B7.5B7.4B6.9B8.0B8.4B
Cash5.8B5.9B4.8B16K18.4K17.5K
Non Current Assets Total6.5B7.0B7.1B47K54.1K51.3K
Non Currrent Assets Other143.0M133.5M152.6M(175.0M)(157.5M)(149.6M)
Cash And Short Term Investments6.1B6.1B5.1B16K18.4K17.5K
Net Receivables8.1B8.4B7.5B7.2B8.3B4.6B
Liabilities And Stockholders Equity23.9B26.3B25.1B24.9B28.6B30.1B
Inventory2.8B4.5B5.2B4.9B5.7B6.0B
Other Current Assets321.1M255.8M164.2M(7.2B)(6.5B)(6.2B)
Other Stockholder Equity(105.4M)(161.4M)(140.8M)(65.0M)(58.5M)(55.6M)
Total Liab12.3B14.5B13.5B13.8B15.9B16.7B
Property Plant And Equipment Gross4.6B4.6B9.9B10.1B11.7B12.2B
Total Current Assets17.4B19.3B18.0B4.9B5.7B9.1B
Accumulated Other Comprehensive Income335.0M337.9M339.9M331.5M381.3M400.3M
Short Term Debt2.1B1.8B2.1B2.2B2.5B1.3B
Intangible Assets741.5M1.3B1.5B12K13.8K13.1K
Non Current Liabilities Total1.1B1.4B848.5M6.9B8.0B8.4B
Current Deferred Revenue383.2M868.5M573.6M618.0M710.7M746.2M
Other Assets1.1B1.6B1.5B20.0B23.0B24.1B
Long Term Debt0.0500M100M200M230M241.5M
Short Term Investments365.8M265.0M357.9M351.6M404.3M265.7M
Property Plant Equipment3.8B4.6B4.6B4.5B5.2B5.5B
Other Liab936.0M1.0B889.4M735.1M845.4M443.4M
Net Tangible Assets8.2B8.4B8.6B8.1B9.3B7.7B
Deferred Long Term Liab195.9M699.0M1.2B1.1B1.3B1.4B
Long Term Investments325.9M369.5M263.6M175.0M157.5M216.5M
Short Long Term Debt2.1B1.7B2.1B2.1B2.5B1.8B
Long Term Debt Total15.1M31.4M517.0M113.4M130.4M113.1M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Yuchai in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Yuchai's short interest history, or implied volatility extrapolated from China Yuchai options trading.

Pair Trading with China Yuchai

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Yuchai position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Yuchai will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

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The ability to find closely correlated positions to China Yuchai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Yuchai when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Yuchai - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Yuchai International to buy it.
The correlation of China Yuchai is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Yuchai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Yuchai Interna moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Yuchai can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether China Yuchai Interna is a strong investment it is important to analyze China Yuchai's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact China Yuchai's future performance. For an informed investment choice regarding China Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Yuchai International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is China Yuchai'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 China Yuchai. If investors know China 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 China Yuchai listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
0.98
Revenue Per Share
441.681
Quarterly Revenue Growth
0.189
Return On Assets
0.01
The market value of China Yuchai Interna is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Yuchai's value that differs from its market value or its book value, called intrinsic value, which is China Yuchai'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 China Yuchai's market value can be influenced by many factors that don't directly affect China Yuchai'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 China Yuchai's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Yuchai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Yuchai'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.