| 002969 Stock | | | 3.34 0.08 2.45% |
Jiamei Food financial indicator trend analysis is infinitely more than just investigating Jiamei Food Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiamei Food Packaging is a good investment. Please check the relationship between Jiamei Food Net Income and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiamei Food Packaging. 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.
Net Income vs Tax Provision
Net Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiamei Food Packaging Net Income account and
Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jiamei Food's Net Income and Tax Provision is 0.88. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Jiamei Food Packaging, assuming nothing else is changed. The correlation between historical values of Jiamei Food's Net Income 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 Net Income of Jiamei Food Packaging 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 Net Income i.e., Jiamei Food's Net Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Jiamei Food Packaging financial statement analysis. It represents the amount of money remaining after all of Jiamei Food Packaging operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 Jiamei Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiamei Food Packaging 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 Jiamei Food Packaging. 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 69.4
M, whereas Tax Provision is forecasted to decline to about 34.2
M.
Jiamei Food fundamental ratios Correlations
Click cells to compare fundamentals
Jiamei Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiamei Food fundamental ratios Accounts
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Other Information on Investing in Jiamei Stock
Balance Sheet is a snapshot of the
financial position of Jiamei Food Packaging at a specified time, usually calculated after every quarter, six months, or one year. Jiamei Food Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiamei Food 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 Jiamei currently owns. An asset can also be divided into two categories, current and non-current.