Guangzhou Income Tax Expense vs Interest Income Analysis

002461 Stock   8.89  0.08  0.91%   
Guangzhou Zhujiang financial indicator trend analysis is much more than just examining Guangzhou Zhujiang latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Zhujiang is a good investment. Please check the relationship between Guangzhou Zhujiang Income Tax Expense and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Zhujiang Brewery. 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 Tax Expense vs Interest Income

Income Tax Expense vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangzhou Zhujiang Income Tax Expense account and Interest Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Guangzhou Zhujiang's Income Tax Expense and Interest Income is 0.91. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Interest Income in the same time period over historical financial statements of Guangzhou Zhujiang Brewery, assuming nothing else is changed. The correlation between historical values of Guangzhou Zhujiang's Income Tax Expense and Interest 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 Income Tax Expense of Guangzhou Zhujiang Brewery are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Tax Expense i.e., Guangzhou Zhujiang's Income Tax Expense and Interest Income go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Tax Expense

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Guangzhou Zhujiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Zhujiang 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 Guangzhou Zhujiang Brewery. 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 27, 2024, Selling General Administrative is expected to decline to about 303.2 M. In addition to that, Tax Provision is expected to decline to about 92.6 M
 2021 2022 2023 2024 (projected)
Operating Income490.7M487.3M563.9M299.1M
Total Revenue4.5B4.9B5.4B4.2B

Guangzhou Zhujiang fundamental ratios Correlations

0.6-0.180.841.00.320.78-0.830.77-0.270.790.710.60.30.79-0.850.480.70.260.930.960.90.610.620.860.51
0.6-0.20.750.59-0.270.45-0.720.69-0.650.780.130.68-0.160.79-0.42-0.070.75-0.30.40.560.670.940.30.67-0.16
-0.18-0.20.11-0.180.03-0.240.19-0.150.04-0.22-0.040.010.28-0.210.25-0.38-0.04-0.11-0.2-0.13-0.25-0.08-0.08-0.26-0.27
0.840.750.110.830.150.64-0.770.78-0.360.770.510.660.080.78-0.640.010.680.060.710.810.810.850.480.790.12
1.00.59-0.180.830.270.78-0.820.75-0.320.780.690.590.320.78-0.830.440.680.280.950.930.90.610.630.860.46
0.32-0.270.030.150.270.3-0.110.230.720.050.750.050.220.05-0.370.620.070.270.340.480.16-0.20.230.160.74
0.780.45-0.240.640.780.3-0.790.78-0.140.770.590.440.10.76-0.870.410.470.230.740.750.860.430.480.860.42
-0.83-0.720.19-0.77-0.82-0.11-0.79-0.950.44-0.99-0.56-0.8-0.07-0.990.82-0.34-0.80.19-0.65-0.82-0.91-0.69-0.62-0.95-0.32
0.770.69-0.150.780.750.230.78-0.95-0.290.960.580.810.010.96-0.780.260.73-0.170.60.780.890.70.550.910.31
-0.27-0.650.04-0.36-0.320.72-0.140.44-0.29-0.480.2-0.360.1-0.480.020.34-0.420.31-0.18-0.09-0.35-0.55-0.3-0.40.49
0.790.78-0.220.770.780.050.77-0.990.96-0.480.490.81-0.011.0-0.770.260.79-0.220.610.780.90.740.560.940.22
0.710.13-0.040.510.690.750.59-0.560.580.20.490.340.380.48-0.650.580.380.110.640.750.510.170.80.590.67
0.60.680.010.660.590.050.44-0.80.81-0.360.810.340.270.83-0.580.150.83-0.340.420.620.70.680.360.690.16
0.3-0.160.280.080.320.220.1-0.070.010.1-0.010.380.270.0-0.30.30.170.270.390.240.12-0.130.340.050.32
0.790.79-0.210.780.780.050.76-0.990.96-0.481.00.480.830.0-0.770.260.79-0.230.60.780.90.750.560.940.22
-0.85-0.420.25-0.64-0.83-0.37-0.870.82-0.780.02-0.77-0.65-0.58-0.3-0.77-0.6-0.55-0.25-0.78-0.87-0.86-0.44-0.48-0.84-0.65
0.48-0.07-0.380.010.440.620.41-0.340.260.340.260.580.150.30.26-0.60.310.20.460.590.34-0.180.250.30.91
0.70.75-0.040.680.680.070.47-0.80.73-0.420.790.380.830.170.79-0.550.31-0.370.490.730.660.630.390.620.21
0.26-0.3-0.110.060.280.270.230.19-0.170.31-0.220.11-0.340.27-0.23-0.250.2-0.370.540.170.2-0.18-0.170.040.32
0.930.4-0.20.710.950.340.74-0.650.6-0.180.610.640.420.390.6-0.780.460.490.540.840.850.420.510.750.49
0.960.56-0.130.810.930.480.75-0.820.78-0.090.780.750.620.240.78-0.870.590.730.170.840.850.570.530.820.63
0.90.67-0.250.810.90.160.86-0.910.89-0.350.90.510.70.120.9-0.860.340.660.20.850.850.670.460.950.35
0.610.94-0.080.850.61-0.20.43-0.690.7-0.550.740.170.68-0.130.75-0.44-0.180.63-0.180.420.570.670.310.68-0.13
0.620.3-0.080.480.630.230.48-0.620.55-0.30.560.80.360.340.56-0.480.250.39-0.170.510.530.460.310.610.27
0.860.67-0.260.790.860.160.86-0.950.91-0.40.940.590.690.050.94-0.840.30.620.040.750.820.950.680.610.32
0.51-0.16-0.270.120.460.740.42-0.320.310.490.220.670.160.320.22-0.650.910.210.320.490.630.35-0.130.270.32
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Guangzhou Zhujiang Account Relationship Matchups

Guangzhou Zhujiang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.0B13.0B13.5B13.9B14.5B8.8B
Short Long Term Debt Total500M1.3B1.4B1.5B1.6B975.1M
Other Current Liab49.2M5.3M7.9M662.0M8.6M8.2M
Total Current Liabilities2.3B2.4B2.7B3.3B3.5B2.3B
Total Stockholder Equity8.6B8.9B9.3B9.6B10.0B5.6B
Property Plant And Equipment Net3.2B3.0B3.0B3.1B3.5B3.3B
Current Deferred Revenue1.1B1.2B1.3B635.9M1.3B1.4B
Net Debt(3.3B)(4.9B)(5.4B)(5.2B)(5.5B)(5.2B)
Retained Earnings1.7B2.0B2.3B2.6B3.0B3.1B
Accounts Payable586.6M514.9M490.9M516.1M624.1M695.1M
Cash3.8B6.2B6.8B6.7B7.1B7.4B
Non Current Assets Total6.1B4.4B5.0B5.0B5.4B4.5B
Non Currrent Assets Other42.2M268.8M63.8M342.8M212.2M222.9M
Other Assets372.3M1.0389.9M382.7M407.7M0.95
Cash And Short Term Investments3.8B6.4B6.8B7.0B7.3B7.6B
Net Receivables95.4M36.1M34.3M47.4M50.0M47.5M
Liabilities And Stockholders Equity12.0B13.0B13.5B13.9B14.5B8.8B
Non Current Liabilities Total1.1B1.6B1.5B968.1M938.1M876.3M
Inventory535.0M2.1B1.7B1.8B1.8B927.7M
Other Current Assets1.5B21.5M30.2M53.0M26.2M24.9M
Other Stockholder Equity5.7B4.6B4.4B4.4B4.4B2.9B
Total Liab3.4B4.0B4.2B4.3B4.5B3.2B
Total Current Assets5.9B8.6B8.6B8.9B9.1B9.6B
Short Term Debt500M763.7M896.5M1.5B1.6B829.9M
Intangible Assets2.4B948.7M1.4B1.4B1.3B911.6M
Other Liab1.2B1.1B1.1B1.0B1.2B796.3M
Property Plant Equipment3.2B3.0B3.0B3.1B3.6B3.7B
Net Tangible Assets6.2B8.0B7.9B8.2B9.5B7.0B
Short Term Investments35.1M258.5M50.1M293.3M157.3M149.4M
Short Long Term Debt500M763.2M893.8M991.6M1.6B822.3M
Net Invested Capital9.1B10.2B10.7B10.6B11.6B10.9B
Net Working Capital3.7B6.1B5.9B5.6B5.6B5.8B

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Other Information on Investing in Guangzhou Stock

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