ZJBC Income Before Tax vs Tax Provision Analysis

000889 Stock

2.28 0.12 5.00%

ZJBC Information financial indicator trend analysis is more than just analyzing ZJBC Information Tec current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZJBC Information Tec is a good investment. Please check the relationship between ZJBC Information Income Before Tax and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ZJBC Information Technology. 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 Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZJBC Information Tec Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.

The correlation between ZJBC Information's Income Before Tax and Tax Provision is 0.67. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of ZJBC Information Technology, assuming nothing else is changed. The correlation between historical values of ZJBC Information's Income Before Tax and Tax Provision 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 ZJBC Information Technology are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., ZJBC Information's Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on ZJBC Information income statement and is an important metric when analyzing ZJBC Information Tec 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.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from ZJBC Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZJBC Information Tec 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 ZJBC Information Technology. 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 Selling General Administrative is expected to grow to about 103.8 M, whereas Tax Provision is forecasted to decline to about 3.8 M.

	2021	2022	2023	2024 (projected)
Research Development	66.4M	60.1M	50.2M	63.9M
Minority Interest	48.6K	136.3K	180.6K	313.2K

Research Development Minority Interest

ZJBC Information fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Good Will	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets
Total Assets		0.47	0.42	0.96	0.61	0.72	0.28	0.77	-0.16	0.25	0.73	-0.32	0.49	0.53	0.27	-0.03	-0.14	0.27	0.96	0.66	-0.43	0.81	-0.03	0.68	0.7	0.87
Other Current Liab	0.47		0.67	0.3	0.4	0.24	0.3	0.65	0.25	-0.02	0.19	0.14	0.07	0.65	-0.03	-0.02	0.16	-0.18	0.34	0.04	-0.15	0.48	-0.22	0.47	0.66	0.58
Total Current Liabilities	0.42	0.67		0.19	0.73	-0.15	0.67	0.78	-0.24	-0.5	0.47	-0.35	0.2	0.91	-0.32	0.34	-0.36	0.28	0.3	-0.18	0.37	0.14	-0.77	0.66	0.89	0.7
Total Stockholder Equity	0.96	0.3	0.19		0.49	0.82	0.14	0.63	-0.12	0.37	0.63	-0.26	0.48	0.29	0.29	-0.11	-0.04	0.24	0.95	0.79	-0.55	0.83	0.16	0.55	0.51	0.77
Other Liab	0.61	0.4	0.73	0.49		0.03	0.77	0.79	-0.39	-0.15	0.6	-0.49	0.28	0.66	-0.06	0.47	-0.28	0.59	0.47	0.02	0.27	0.22	-0.65	0.59	0.8	0.71
Retained Earnings	0.72	0.24	-0.15	0.82	0.03		-0.39	0.33	0.37	0.52	0.17	0.26	0.38	-0.03	0.28	-0.6	0.35	-0.31	0.79	0.88	-0.89	0.94	0.63	0.28	0.15	0.54
Accounts Payable	0.28	0.3	0.67	0.14	0.77	-0.39		0.63	-0.68	-0.41	0.57	-0.7	-0.01	0.55	-0.2	0.84	-0.55	0.71	0.12	-0.22	0.64	-0.24	-0.85	0.33	0.66	0.39
Cash	0.77	0.65	0.78	0.63	0.79	0.33	0.63		-0.26	-0.25	0.62	-0.35	0.33	0.73	-0.18	0.2	-0.29	0.24	0.69	0.35	-0.04	0.52	-0.44	0.62	0.9	0.9
Other Assets	-0.16	0.25	-0.24	-0.12	-0.39	0.37	-0.68	-0.26		0.34	-0.72	0.97	-0.23	-0.28	-0.03	-0.72	0.91	-0.83	-0.16	0.08	-0.55	0.38	0.6	-0.12	-0.28	-0.11
Long Term Debt	0.25	-0.02	-0.5	0.37	-0.15	0.52	-0.41	-0.25	0.34		-0.02	0.32	-0.09	-0.31	0.7	-0.35	0.54	-0.13	0.22	0.28	-0.58	0.39	0.6	-0.07	-0.25	-0.05
Net Receivables	0.73	0.19	0.47	0.63	0.6	0.17	0.57	0.62	-0.72	-0.02		-0.81	0.37	0.67	0.34	0.42	-0.69	0.68	0.69	0.23	0.11	0.26	-0.46	0.58	0.66	0.62
Inventory	-0.32	0.14	-0.35	-0.26	-0.49	0.26	-0.7	-0.35	0.97	0.32	-0.81		-0.38	-0.4	-0.09	-0.71	0.89	-0.89	-0.29	0.01	-0.49	0.25	0.62	-0.25	-0.39	-0.23
Other Current Assets	0.49	0.07	0.2	0.48	0.28	0.38	-0.01	0.33	-0.23	-0.09	0.37	-0.38		0.23	0.07	-0.07	-0.3	0.24	0.54	0.4	-0.21	0.37	0.06	0.22	0.24	0.35
Total Liab	0.53	0.65	0.91	0.29	0.66	-0.03	0.55	0.73	-0.28	-0.31	0.67	-0.4	0.23		0.04	0.25	-0.42	0.3	0.43	-0.16	0.24	0.24	-0.67	0.71	0.87	0.71
Intangible Assets	0.27	-0.03	-0.32	0.29	-0.06	0.28	-0.2	-0.18	-0.03	0.7	0.34	-0.09	0.07	0.04		-0.06	0.1	0.2	0.21	0.06	-0.29	0.18	0.34	-0.11	-0.18	-0.08
Common Stock	-0.03	-0.02	0.34	-0.11	0.47	-0.6	0.84	0.2	-0.72	-0.35	0.42	-0.71	-0.07	0.25	-0.06		-0.58	0.75	-0.15	-0.41	0.78	-0.52	-0.76	0.05	0.29	-0.07
Property Plant Equipment	-0.14	0.16	-0.36	-0.04	-0.28	0.35	-0.55	-0.29	0.91	0.54	-0.69	0.89	-0.3	-0.42	0.1	-0.58		-0.64	-0.19	0.1	-0.52	0.3	0.61	-0.22	-0.34	-0.15
Short Term Investments	0.27	-0.18	0.28	0.24	0.59	-0.31	0.71	0.24	-0.83	-0.13	0.68	-0.89	0.24	0.3	0.2	0.75	-0.64		0.16	-0.12	0.52	-0.31	-0.6	0.21	0.32	0.15
Good Will	0.96	0.34	0.3	0.95	0.47	0.79	0.12	0.69	-0.16	0.22	0.69	-0.29	0.54	0.43	0.21	-0.15	-0.19	0.16		0.75	-0.51	0.85	0.08	0.65	0.6	0.83
Net Tangible Assets	0.66	0.04	-0.18	0.79	0.02	0.88	-0.22	0.35	0.08	0.28	0.23	0.01	0.4	-0.16	0.06	-0.41	0.1	-0.12	0.75		-0.73	0.76	0.54	0.14	0.09	0.49
Deferred Long Term Liab	-0.43	-0.15	0.37	-0.55	0.27	-0.89	0.64	-0.04	-0.55	-0.58	0.11	-0.49	-0.21	0.24	-0.29	0.78	-0.52	0.52	-0.51	-0.73		-0.78	-0.82	-0.1	0.11	-0.24
Non Current Assets Total	0.81	0.48	0.14	0.83	0.22	0.94	-0.24	0.52	0.38	0.39	0.26	0.25	0.37	0.24	0.18	-0.52	0.3	-0.31	0.85	0.76	-0.78		0.41	0.53	0.41	0.71
Non Currrent Assets Other	-0.03	-0.22	-0.77	0.16	-0.65	0.63	-0.85	-0.44	0.6	0.6	-0.46	0.62	0.06	-0.67	0.34	-0.76	0.61	-0.6	0.08	0.54	-0.82	0.41		-0.42	-0.64	-0.28
Non Current Liabilities Total	0.68	0.47	0.66	0.55	0.59	0.28	0.33	0.62	-0.12	-0.07	0.58	-0.25	0.22	0.71	-0.11	0.05	-0.22	0.21	0.65	0.14	-0.1	0.53	-0.42		0.84	0.75
Short Long Term Debt	0.7	0.66	0.89	0.51	0.8	0.15	0.66	0.9	-0.28	-0.25	0.66	-0.39	0.24	0.87	-0.18	0.29	-0.34	0.32	0.6	0.09	0.11	0.41	-0.64	0.84		0.86
Total Current Assets	0.87	0.58	0.7	0.77	0.71	0.54	0.39	0.9	-0.11	-0.05	0.62	-0.23	0.35	0.71	-0.08	-0.07	-0.15	0.15	0.83	0.49	-0.24	0.71	-0.28	0.75	0.86

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ZJBC Information Account Relationship Matchups

ZJBC Information fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.9B	3.7B	1.5B	1.3B	904.9M	859.7M
Other Current Liab	527.5M	525.5M	477.0M	475.7M	32.2M	30.6M
Total Current Liabilities	1.5B	1.4B	1.1B	1.0B	754.3M	963.7M
Total Stockholder Equity	2.3B	2.3B	337.9M	261.3M	135.7M	129.0M
Other Liab	9.7M	11.3M	10.3M	4.6M	5.3M	5.4M
Retained Earnings	(101.1M)	(80.9M)	(2.1B)	(2.3B)	(2.4B)	(2.3B)
Accounts Payable	478.4M	502.8M	467.8M	429.6M	392.6M	322.3M
Cash	830.1M	725.8M	383.7M	267.8M	137.6M	130.7M
Other Assets	32.3M	39.5M	26.9M	10.5M	9.4M	8.9M
Net Receivables	956.9M	841.9M	516.9M	439.0M	450.1M	467.6M
Inventory	31.7M	29.4M	53.6M	50.5M	38.7M	36.8M
Other Current Assets	120.0M	127.8M	55.1M	39.7M	38.8M	69.8M
Total Liab	1.6B	1.4B	1.1B	1.0B	769.0M	1.1B
Intangible Assets	68.3M	56.1M	19.6M	10.6M	3.1M	3.0M
Property Plant Equipment	77.3M	98.9M	88.5M	49.0M	44.1M	41.9M
Net Tangible Assets	550.6M	485.0M	517.3M	191.1M	172.0M	163.4M
Deferred Long Term Liab	894.2K	2.8M	3.4M	10.8M	12.4M	13.0M
Non Current Assets Total	2.0B	2.0B	466.6M	419.1M	195.9M	186.1M
Non Current Liabilities Total	77.6M	10.3M	6.0M	10.4M	14.7M	14.0M
Short Long Term Debt	301.7M	206.0M	152.0M	55.9M	30.0M	28.5M
Total Current Assets	1.9B	1.8B	1.0B	879.0M	709.1M	1.1B
Net Invested Capital	2.7B	2.5B	489.9M	322.2M	165.8M	157.5M
Net Working Capital	431.2M	400.2M	(122.2M)	(147.1M)	(45.2M)	(43.0M)

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Other Information on Investing in ZJBC Stock

Balance Sheet is a snapshot of the financial position of ZJBC Information Tec at a specified time, usually calculated after every quarter, six months, or one year. ZJBC Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ZJBC Information 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 ZJBC currently owns. An asset can also be divided into two categories, current and non-current.

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ZJBC Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

ZJBC Information fundamental ratios Correlations

ZJBC Information Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ZJBC Information fundamental ratios Accounts

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Other Information on Investing in ZJBC Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 0.97	Other Assets
Total Stockholder Equity	+ 0.96	Total Assets
Good Will	+ 0.96	Total Assets
Good Will	+ 0.95	Total Stockholder Equity
Non Current Assets Total	+ 0.94	Retained Earnings
Total Liab	+ 0.91	Total Current Liabilities

Short Term Investments	- 0.89	Inventory
Deferred Long Term Liab	- 0.89	Retained Earnings
Non Currrent Assets Other	- 0.85	Accounts Payable
Short Term Investments	- 0.83	Other Assets
Non Currrent Assets Other	- 0.82	Deferred Long Term Liab
Inventory	- 0.81	Net Receivables