000555 Stock | | | 11.78 0.10 0.84% |
Digital China financial indicator trend analysis is much more than just examining Digital China Information latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital China Information is a good investment. Please check the relationship between Digital China Income Before Tax and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital China Information. 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.
Income Before Tax vs Selling General Administrative
Income Before Tax vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Digital China Information Income Before Tax account and
Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Digital China's Income Before Tax and Selling General Administrative is 0.58. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Digital China Information, assuming nothing else is changed. The correlation between historical values of Digital China's Income Before Tax and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Digital China Information are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., Digital China's Income Before Tax and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Digital China income statement and is an important metric when analyzing Digital China Information profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Selling General Administrative
Most indicators from Digital China's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital China Information 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 Digital China Information. 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
Tax Provision is expected to grow to about 30.8
M, whereas Selling General Administrative is forecasted to decline to about 545.8
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Income Before Tax | 411.2M | 187.0M | 231.8M | 223.5M | Total Revenue | 11.4B | 12.0B | 12.1B | 12.7B |
Digital China fundamental ratios Correlations
Click cells to compare fundamentals
Digital China Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digital China fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Digital Stock
Balance Sheet is a snapshot of the
financial position of Digital China Information at a specified time, usually calculated after every quarter, six months, or one year. Digital China Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Digital China 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 Digital currently owns. An asset can also be divided into two categories, current and non-current.