| 000622 Stock | | | 2.30 0.03 1.29% |
Hengli Industrial financial indicator trend analysis is much more than just examining Hengli Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengli Industrial is a good investment. Please check the relationship between Hengli Industrial Gross Profit and its Income Tax Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengli Industrial Development. 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.
Gross Profit vs Income Tax Expense
Gross Profit vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hengli Industrial Gross Profit account and
Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Hengli Industrial's Gross Profit and Income Tax Expense is -0.55. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Hengli Industrial Development, assuming nothing else is changed. The correlation between historical values of Hengli Industrial's Gross Profit 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 Gross Profit of Hengli Industrial Development 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 Gross Profit i.e., Hengli Industrial's Gross Profit and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Hengli Industrial Development minus its cost of goods sold. It is profit before Hengli Industrial 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.
Income Tax Expense
Most indicators from Hengli Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Industrial 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 Hengli Industrial Development. 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.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 5.9
M. The current year's
Tax Provision is expected to grow to about (813.1
K)
Hengli Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Hengli Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hengli Industrial fundamental ratios Accounts
Also Currently Popular
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 Hengli Stock
Balance Sheet is a snapshot of the
financial position of Hengli Industrial at a specified time, usually calculated after every quarter, six months, or one year. Hengli Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengli Industrial 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 Hengli currently owns. An asset can also be divided into two categories, current and non-current.