Zhejiang Tax Provision vs Net Income From Continuing Ops Analysis

002648 Stock

20.63 0.50 2.37%

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

Tax Provision vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Satellite Tax Provision account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Zhejiang Satellite's Tax Provision and Net Income From Continuing Ops is 0.92. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Zhejiang Satellite Petrochemical, assuming nothing else is changed. The correlation between historical values of Zhejiang Satellite's Tax Provision and Net Income From Continuing Ops 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 Zhejiang Satellite Petrochemical are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Tax Provision i.e., Zhejiang Satellite's Tax Provision and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Net Income From Continuing Ops

Most indicators from Zhejiang Satellite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Satellite 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 Satellite Petrochemical. 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 February 26, 2025, Selling General Administrative is expected to decline to about 305.9 M. In addition to that, Discontinued Operations is expected to decline to about 10.1 M

	2024	2025 (projected)
Discontinued Operations	19.8M	10.1M
Research Development	1.9B	2.0B

Discontinued Operations Research Development

Zhejiang Satellite fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Good Will	Treasury Stock	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets
Total Assets		0.3	0.95	1.0	0.99	0.98	0.88	0.96	-0.2	0.99	0.3	1.0	0.97	0.97	0.99	0.94	0.94	0.67	0.62	0.99	-0.11	-0.51	0.97	0.84	0.05	0.86
Other Current Liab	0.3		0.32	0.29	0.21	0.33	0.55	0.39	0.02	0.27	0.83	0.3	0.17	0.22	0.3	0.48	0.44	-0.22	0.52	0.4	0.02	-0.74	0.25	0.48	0.22	0.61
Total Current Liabilities	0.95	0.32		0.96	0.93	0.96	0.88	0.97	-0.09	0.91	0.39	0.95	0.97	0.93	0.93	0.87	0.96	0.63	0.76	0.95	-0.1	-0.51	0.86	0.93	0.3	0.85
Total Stockholder Equity	1.0	0.29	0.96		0.99	0.97	0.89	0.95	-0.14	0.98	0.29	0.99	0.98	0.97	0.98	0.93	0.93	0.68	0.65	0.99	-0.06	-0.52	0.95	0.86	0.1	0.87
Retained Earnings	0.99	0.21	0.93	0.99		0.95	0.84	0.93	-0.18	0.99	0.22	0.99	0.98	0.97	0.99	0.91	0.91	0.71	0.58	0.97	-0.11	-0.46	0.97	0.81	0.02	0.82
Accounts Payable	0.98	0.33	0.96	0.97	0.95		0.88	0.97	-0.27	0.95	0.37	0.98	0.96	0.94	0.97	0.94	0.95	0.63	0.65	0.97	-0.14	-0.51	0.93	0.85	0.08	0.85
Cash	0.88	0.55	0.88	0.89	0.84	0.88		0.91	-0.17	0.84	0.58	0.87	0.82	0.76	0.84	0.94	0.93	0.47	0.69	0.92	-0.07	-0.82	0.8	0.88	0.21	0.95
Other Assets	0.96	0.39	0.97	0.95	0.93	0.97	0.91		-0.27	0.93	0.43	0.96	0.95	0.91	0.95	0.92	0.99	0.58	0.69	0.96	-0.11	-0.57	0.9	0.88	0.2	0.87
Net Receivables	-0.2	0.02	-0.09	-0.14	-0.18	-0.27	-0.17	-0.27		-0.2	-0.01	-0.23	-0.14	-0.08	-0.22	-0.33	-0.27	-0.07	0.27	-0.16	0.3	0.11	-0.3	0.06	0.39	-0.15
Inventory	0.99	0.27	0.91	0.98	0.99	0.95	0.84	0.93	-0.2		0.25	0.99	0.96	0.97	0.99	0.92	0.9	0.67	0.57	0.97	-0.1	-0.47	0.99	0.78	-0.03	0.83
Other Current Assets	0.3	0.83	0.39	0.29	0.22	0.37	0.58	0.43	-0.01	0.25		0.31	0.22	0.19	0.28	0.49	0.47	-0.13	0.47	0.37	-0.14	-0.79	0.21	0.49	0.25	0.56
Total Liab	1.0	0.3	0.95	0.99	0.99	0.98	0.87	0.96	-0.23	0.99	0.31		0.97	0.97	1.0	0.94	0.93	0.67	0.6	0.98	-0.14	-0.51	0.98	0.82	0.02	0.86
Intangible Assets	0.97	0.17	0.97	0.98	0.98	0.96	0.82	0.95	-0.14	0.96	0.22	0.97		0.97	0.96	0.86	0.93	0.71	0.67	0.95	-0.07	-0.41	0.92	0.85	0.17	0.8
Common Stock	0.97	0.22	0.93	0.97	0.97	0.94	0.76	0.91	-0.08	0.97	0.19	0.97	0.97		0.98	0.85	0.87	0.69	0.62	0.95	-0.05	-0.34	0.95	0.79	0.04	0.76
Property Plant Equipment	0.99	0.3	0.93	0.98	0.99	0.97	0.84	0.95	-0.22	0.99	0.28	1.0	0.96	0.98		0.93	0.92	0.66	0.59	0.98	-0.13	-0.46	0.98	0.81	0.0	0.84
Long Term Debt	0.94	0.48	0.87	0.93	0.91	0.94	0.94	0.92	-0.33	0.92	0.49	0.94	0.86	0.85	0.93		0.92	0.54	0.55	0.95	-0.13	-0.72	0.92	0.78	-0.06	0.92
Other Liab	0.94	0.44	0.96	0.93	0.91	0.95	0.93	0.99	-0.27	0.9	0.47	0.93	0.93	0.87	0.92	0.92		0.54	0.69	0.95	-0.12	-0.63	0.86	0.9	0.26	0.89
Good Will	0.67	-0.22	0.63	0.68	0.71	0.63	0.47	0.58	-0.07	0.67	-0.13	0.67	0.71	0.69	0.66	0.54	0.54		0.24	0.62	-0.08	-0.1	0.67	0.47	-0.06	0.42
Treasury Stock	0.62	0.52	0.76	0.65	0.58	0.65	0.69	0.69	0.27	0.57	0.47	0.6	0.67	0.62	0.59	0.55	0.69	0.24		0.68	0.28	-0.53	0.46	0.81	0.58	0.71
Net Tangible Assets	0.99	0.4	0.95	0.99	0.97	0.97	0.92	0.96	-0.16	0.97	0.37	0.98	0.95	0.95	0.98	0.95	0.95	0.62	0.68		-0.04	-0.59	0.95	0.88	0.12	0.91
Short Term Investments	-0.11	0.02	-0.1	-0.06	-0.11	-0.14	-0.07	-0.11	0.3	-0.1	-0.14	-0.14	-0.07	-0.05	-0.13	-0.13	-0.12	-0.08	0.28	-0.04		-0.02	-0.15	-0.11	0.09	-0.01
Other Stockholder Equity	-0.51	-0.74	-0.51	-0.52	-0.46	-0.51	-0.82	-0.57	0.11	-0.47	-0.79	-0.51	-0.41	-0.34	-0.46	-0.72	-0.63	-0.1	-0.53	-0.59	-0.02		-0.44	-0.61	-0.16	-0.8
Deferred Long Term Liab	0.97	0.25	0.86	0.95	0.97	0.93	0.8	0.9	-0.3	0.99	0.21	0.98	0.92	0.95	0.98	0.92	0.86	0.67	0.46	0.95	-0.15	-0.44		0.7	-0.16	0.8
Long Term Investments	0.84	0.48	0.93	0.86	0.81	0.85	0.88	0.88	0.06	0.78	0.49	0.82	0.85	0.79	0.81	0.78	0.9	0.47	0.81	0.88	-0.11	-0.61	0.7		0.54	0.85
Short Long Term Debt	0.05	0.22	0.3	0.1	0.02	0.08	0.21	0.2	0.39	-0.03	0.25	0.02	0.17	0.04	0.0	-0.06	0.26	-0.06	0.58	0.12	0.09	-0.16	-0.16	0.54		0.16
Total Current Assets	0.86	0.61	0.85	0.87	0.82	0.85	0.95	0.87	-0.15	0.83	0.56	0.86	0.8	0.76	0.84	0.92	0.89	0.42	0.71	0.91	-0.01	-0.8	0.8	0.85	0.16

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Zhejiang Satellite Account Relationship Matchups

Zhejiang Satellite fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.3B	48.7B	56.4B	64.6B	74.3B	78.0B
Other Current Liab	1.2B	2.1B	2.0B	126.7M	145.7M	138.4M
Total Current Liabilities	9.2B	8.8B	10.1B	11.9B	13.7B	14.4B
Total Stockholder Equity	13.6B	19.4B	21.1B	25.5B	29.3B	30.7B
Retained Earnings	5.4B	11.2B	12.8B	16.8B	19.3B	20.3B
Accounts Payable	4.6B	4.0B	5.6B	5.7B	6.5B	6.8B
Cash	7.2B	9.6B	5.5B	6.4B	7.4B	7.7B
Other Assets	1.3B	1.5B	1.8B	2.0B	2.3B	2.4B
Net Receivables	407.8M	608.2M	675.9M	639.4M	735.4M	905.2M
Inventory	1.2B	3.3B	3.9B	4.2B	4.9B	5.1B
Other Current Assets	953.7M	1.2B	753.5M	194.5M	223.7M	419.0M
Total Liab	18.7B	29.3B	35.2B	39.1B	45.0B	47.2B
Intangible Assets	857.1M	998.2M	1.3B	1.8B	2.1B	2.2B
Common Stock	1.1B	1.2B	1.7B	3.4B	3.9B	4.1B
Property Plant Equipment	8.7B	16.6B	27.1B	39.1B	45.0B	47.2B
Long Term Debt	9.2B	14.1B	10.5B	10.8B	12.5B	13.1B
Other Liab	244.3M	278.2M	333.5M	313.4M	360.4M	378.4M
Net Tangible Assets	8.4B	12.7B	18.3B	19.8B	22.8B	23.9B
Short Term Investments	126.8M	55.4M	27.6M	43.0M	38.7M	36.8M
Other Stockholder Equity	47.5M	(16.8M)	(83.9M)	28.0M	25.2M	14.6M
Deferred Long Term Liab	256.3M	637.9M	1.4B	1.8B	2.1B	2.2B
Short Long Term Debt	2.4B	1.4B	1.1B	1.2B	1.1B	1.7B
Total Current Assets	11.1B	16.6B	11.7B	12.7B	14.6B	9.1B
Non Current Assets Total	21.3B	32.1B	44.7B	51.8B	59.6B	62.6B
Non Currrent Assets Other	812.2M	269.4M	1.6M	36.7M	33.0M	31.4M
Non Current Liabilities Total	9.5B	20.5B	25.2B	27.2B	31.3B	32.8B
Non Current Liabilities Other	39.2M	85.7M	56.5M	42.2M	48.5M	38.5M
Net Debt	4.5B	5.8B	6.1B	5.7B	6.5B	4.0B
Common Stock Shares Outstanding	1.7B	1.7B	3.4B	3.4B	3.9B	2.3B
Net Invested Capital	25.3B	34.8B	32.7B	37.5B	43.2B	26.1B
Net Working Capital	1.9B	7.8B	1.7B	818.3M	941.0M	894.0M
Capital Stock	1.2B	1.7B	3.4B	3.4B	3.9B	2.2B
Property Plant And Equipment Net	16.6B	27.1B	39.1B	45.4B	52.2B	30.1B
Property Plant And Equipment Gross	19.8B	31.3B	39.1B	45.4B	52.2B	32.3B

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Balance Sheet is a snapshot of the financial position of Zhejiang Satellite at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Satellite Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Satellite 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 Tax Provision vs Net Income From Continuing Ops Analysis

Tax Provision vs Net Income From Continuing Ops

Tax Provision vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Tax Provision

Net Income From Continuing Ops

Zhejiang Satellite fundamental ratios Correlations

Zhejiang Satellite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Satellite fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Liab
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Assets

Other Stockholder Equity	- 0.82	Cash
Total Current Assets	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.79	Other Current Assets
Other Stockholder Equity	- 0.74	Other Current Liab
Other Stockholder Equity	- 0.72	Long Term Debt
Other Stockholder Equity	- 0.63	Other Liab