002461 Stock | | | 9.14 0.06 0.66% |
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 Tax Provision and its Total Revenue 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.
Tax Provision vs Total Revenue
Tax Provision vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangzhou Zhujiang Tax Provision account and
Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangzhou Zhujiang's Tax Provision and Total Revenue is 0.84. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Revenue 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 Tax Provision and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Guangzhou Zhujiang Brewery are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Tax Provision i.e., Guangzhou Zhujiang's Tax Provision and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Total Revenue
Total revenue comprises all receipts Guangzhou Zhujiang generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 30, 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 Income | 490.7M | 487.3M | 563.9M | 299.1M | Total Revenue | 4.5B | 4.9B | 5.4B | 4.2B |
Guangzhou Zhujiang fundamental ratios Correlations
Click cells to compare fundamentals
Guangzhou Zhujiang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangzhou Zhujiang fundamental ratios Accounts
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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.