Zhejiang Gross Profit vs Income Tax Expense Analysis

000913 Stock

16.48 0.14 0.84%

Zhejiang Qianjiang financial indicator trend analysis is more than just analyzing Zhejiang Qianjiang current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Qianjiang is a good investment. Please check the relationship between Zhejiang Qianjiang 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 Zhejiang Qianjiang Motorcycle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Zhejiang Qianjiang Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Zhejiang Qianjiang's Gross Profit and Income Tax Expense is 0.53. 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 Zhejiang Qianjiang Motorcycle, assuming nothing else is changed. The correlation between historical values of Zhejiang Qianjiang'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 Zhejiang Qianjiang Motorcycle 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., Zhejiang Qianjiang's Gross Profit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Zhejiang Qianjiang Motorcycle minus its cost of goods sold. It is profit before Zhejiang Qianjiang 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 Zhejiang Qianjiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Qianjiang 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 Zhejiang Qianjiang Motorcycle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about 58.3 M, whereas Selling General Administrative is forecasted to decline to about 308 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.5B	1.4B	980.5M
Research Development	215.9M	316.1M	324.2M	192.1M

Gross Profit Research Development

Zhejiang Qianjiang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		-0.63	0.76	0.97	0.94	0.95	0.95	0.93	0.05	-0.36	0.56	-0.27	0.97	0.84	0.66	0.53	0.09	-0.8	0.64	0.81	-0.07	-0.47	0.69	0.83	0.82	-0.39
Other Current Liab	-0.63		-0.4	-0.53	-0.58	-0.63	-0.64	-0.51	-0.06	0.39	-0.27	0.23	-0.68	-0.72	-0.32	-0.03	-0.41	0.55	-0.24	-0.55	-0.24	0.26	-0.62	-0.58	-0.74	0.13
Total Current Liabilities	0.76	-0.4		0.75	0.78	0.84	0.69	0.82	0.02	-0.37	0.78	-0.02	0.74	0.63	0.57	0.65	0.03	-0.26	0.68	0.87	-0.02	-0.42	0.59	0.9	0.7	-0.02
Total Stockholder Equity	0.97	-0.53	0.75		0.93	0.92	0.92	0.92	0.16	-0.41	0.5	-0.2	0.88	0.85	0.68	0.57	-0.12	-0.75	0.66	0.84	0.04	-0.51	0.76	0.82	0.78	-0.36
Retained Earnings	0.94	-0.58	0.78	0.93		0.97	0.95	0.97	0.16	-0.54	0.46	-0.32	0.9	0.8	0.49	0.38	-0.06	-0.72	0.75	0.91	0.0	-0.55	0.77	0.88	0.8	-0.3
Accounts Payable	0.95	-0.63	0.84	0.92	0.97		0.92	0.97	0.04	-0.44	0.56	-0.21	0.92	0.78	0.52	0.45	0.0	-0.67	0.77	0.89	0.01	-0.42	0.74	0.88	0.79	-0.22
Cash	0.95	-0.64	0.69	0.92	0.95	0.92		0.89	0.09	-0.55	0.34	-0.48	0.92	0.85	0.44	0.3	-0.01	-0.85	0.68	0.83	-0.12	-0.5	0.7	0.86	0.83	-0.48
Other Assets	0.93	-0.51	0.82	0.92	0.97	0.97	0.89		0.12	-0.41	0.6	-0.21	0.89	0.73	0.59	0.52	-0.01	-0.64	0.78	0.88	-0.04	-0.47	0.71	0.85	0.73	-0.21
Long Term Debt	0.05	-0.06	0.02	0.16	0.16	0.04	0.09	0.12		-0.27	-0.19	-0.16	-0.06	0.16	0.17	0.03	-0.15	0.06	0.14	0.26	0.29	-0.34	0.3	0.1	0.0	-0.02
Net Receivables	-0.36	0.39	-0.37	-0.41	-0.54	-0.44	-0.55	-0.41	-0.27		0.05	0.31	-0.29	-0.63	0.13	0.28	0.32	0.29	-0.39	-0.68	-0.1	0.58	-0.55	-0.64	-0.52	0.15
Inventory	0.56	-0.27	0.78	0.5	0.46	0.56	0.34	0.6	-0.19	0.05		0.32	0.58	0.39	0.71	0.77	0.36	-0.05	0.26	0.51	-0.1	-0.27	0.25	0.56	0.49	0.23
Other Current Assets	-0.27	0.23	-0.02	-0.2	-0.32	-0.21	-0.48	-0.21	-0.16	0.31	0.32		-0.32	-0.25	0.21	0.29	-0.06	0.49	-0.26	-0.2	0.37	0.13	-0.05	-0.28	-0.36	0.41
Total Liab	0.97	-0.68	0.74	0.88	0.9	0.92	0.92	0.89	-0.06	-0.29	0.58	-0.32		0.77	0.62	0.48	0.28	-0.78	0.6	0.74	-0.18	-0.4	0.59	0.8	0.79	-0.4
Intangible Assets	0.84	-0.72	0.63	0.85	0.8	0.78	0.85	0.73	0.16	-0.63	0.39	-0.25	0.77		0.49	0.27	-0.03	-0.66	0.47	0.76	0.04	-0.51	0.66	0.77	0.83	-0.22
Common Stock	0.66	-0.32	0.57	0.68	0.49	0.52	0.44	0.59	0.17	0.13	0.71	0.21	0.62	0.49		0.89	0.29	-0.33	0.31	0.46	0.1	-0.27	0.45	0.44	0.39	-0.2
Property Plant Equipment	0.53	-0.03	0.65	0.57	0.38	0.45	0.3	0.52	0.03	0.28	0.77	0.29	0.48	0.27	0.89		0.14	-0.11	0.29	0.39	0.04	-0.22	0.31	0.4	0.31	-0.06
Other Liab	0.09	-0.41	0.03	-0.12	-0.06	0.0	-0.01	-0.01	-0.15	0.32	0.36	-0.06	0.28	-0.03	0.29	0.14		0.01	-0.22	-0.12	-0.19	0.05	-0.2	-0.01	0.08	-0.02
Good Will	-0.8	0.55	-0.26	-0.75	-0.72	-0.67	-0.85	-0.64	0.06	0.29	-0.05	0.49	-0.78	-0.66	-0.33	-0.11	0.01		-0.41	-0.46	0.19	0.28	-0.49	-0.49	-0.61	0.65
Short Term Investments	0.64	-0.24	0.68	0.66	0.75	0.77	0.68	0.78	0.14	-0.39	0.26	-0.26	0.6	0.47	0.31	0.29	-0.22	-0.41		0.73	-0.1	-0.08	0.54	0.69	0.34	-0.31
Net Tangible Assets	0.81	-0.55	0.87	0.84	0.91	0.89	0.83	0.88	0.26	-0.68	0.51	-0.2	0.74	0.76	0.46	0.39	-0.12	-0.46	0.73		0.15	-0.6	0.84	0.96	0.79	-0.15
Other Stockholder Equity	-0.07	-0.24	-0.02	0.04	0.0	0.01	-0.12	-0.04	0.29	-0.1	-0.1	0.37	-0.18	0.04	0.1	0.04	-0.19	0.19	-0.1	0.15		-0.22	0.58	-0.03	0.1	0.35
Deferred Long Term Liab	-0.47	0.26	-0.42	-0.51	-0.55	-0.42	-0.5	-0.47	-0.34	0.58	-0.27	0.13	-0.4	-0.51	-0.27	-0.22	0.05	0.28	-0.08	-0.6	-0.22		-0.53	-0.52	-0.58	0.08
Long Term Investments	0.69	-0.62	0.59	0.76	0.77	0.74	0.7	0.71	0.3	-0.55	0.25	-0.05	0.59	0.66	0.45	0.31	-0.2	-0.49	0.54	0.84	0.58	-0.53		0.73	0.69	-0.17
Total Current Assets	0.83	-0.58	0.9	0.82	0.88	0.88	0.86	0.85	0.1	-0.64	0.56	-0.28	0.8	0.77	0.44	0.4	-0.01	-0.49	0.69	0.96	-0.03	-0.52	0.73		0.84	-0.24
Non Current Assets Total	0.82	-0.74	0.7	0.78	0.8	0.79	0.83	0.73	0.0	-0.52	0.49	-0.36	0.79	0.83	0.39	0.31	0.08	-0.61	0.34	0.79	0.1	-0.58	0.69	0.84		-0.09
Non Currrent Assets Other	-0.39	0.13	-0.02	-0.36	-0.3	-0.22	-0.48	-0.21	-0.02	0.15	0.23	0.41	-0.4	-0.22	-0.2	-0.06	-0.02	0.65	-0.31	-0.15	0.35	0.08	-0.17	-0.24	-0.09

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Zhejiang Qianjiang Account Relationship Matchups

Zhejiang Qianjiang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7B	4.6B	5.1B	6.7B	8.5B	8.9B
Other Current Liab	213.8M	335.4M	352.4M	33.0M	16.0M	15.2M
Total Current Liabilities	1.9B	1.8B	2.0B	2.8B	2.9B	1.6B
Total Stockholder Equity	2.7B	2.7B	3.0B	3.5B	4.4B	4.7B
Retained Earnings	772.9M	812.9M	1.1B	1.2B	1.5B	1.6B
Accounts Payable	1.6B	1.3B	1.5B	2.2B	2.3B	2.5B
Cash	1.2B	1.1B	1.5B	2.8B	4.6B	4.8B
Other Assets	120.1M	158.1M	141.2M	208.3M	239.6M	251.5M
Long Term Debt	13.6M	457.0K	11.8M	10.3M	9.0M	6.1M
Net Receivables	856.7M	524.8M	648.4M	452.1M	380.6M	659.7M
Inventory	865.9M	927.0M	1.1B	1.3B	1.2B	842.2M
Other Current Assets	85.3M	152.4M	66.4M	80.9M	26.1M	24.8M
Total Liab	2.0B	1.9B	2.1B	3.2B	4.0B	4.2B
Intangible Assets	121.8M	122.9M	129.0M	363.0M	350.1M	367.6M
Property Plant Equipment	884.6M	894.3M	907.4M	940.9M	1.1B	846.9M
Other Liab	128.2M	138.1M	97.0M	436.3M	392.6M	238.0M
Net Tangible Assets	2.6B	2.6B	2.9B	3.1B	3.6B	2.7B
Other Stockholder Equity	116.9M	102.4M	102.5M	100.9M	90.8M	88.6M
Deferred Long Term Liab	10.1M	16.2M	3.8M	4.2M	3.8M	6.5M
Total Current Assets	3.2B	3.1B	3.3B	4.7B	6.3B	3.6B
Non Current Assets Total	1.6B	1.5B	1.8B	2.0B	2.1B	1.9B
Non Currrent Assets Other	34.8M	15.6M	64.8M	66.9M	5.4M	5.1M
Non Current Liabilities Total	128.2M	138.1M	123.9M	453.0M	1.1B	1.2B
Short Long Term Debt	30.5M	3.0M	1M	13.1M	11.8M	11.9M
Non Current Liabilities Other	457.0K	5.4M	17.5M	337.8M	964.9M	1.0B
Net Invested Capital	2.7B	2.7B	3.0B	3.5B	4.5B	3.4B
Net Working Capital	1.2B	1.3B	1.4B	2.0B	3.4B	1.8B

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Other Information on Investing in Zhejiang Stock

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

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Zhejiang Gross Profit vs Income Tax Expense Analysis

Gross Profit vs Income Tax Expense

Gross Profit vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Gross Profit

Income Tax Expense

Zhejiang Qianjiang fundamental ratios Correlations

Zhejiang Qianjiang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Qianjiang fundamental ratios Accounts

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Total Stockholder Equity	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Retained Earnings
Other Assets	+ 0.97	Retained Earnings
Other Assets	+ 0.97	Accounts Payable
Total Current Assets	+ 0.96	Net Tangible Assets

Good Will	- 0.85	Cash
Good Will	- 0.8	Total Assets
Good Will	- 0.78	Total Liab
Good Will	- 0.75	Total Stockholder Equity
Non Current Assets Total	- 0.74	Other Current Liab
Good Will	- 0.72	Retained Earnings