| 300274 Stock | | | 81.28 0.96 1.20% |
Sungrow Power financial indicator trend analysis is much more than just breaking down Sungrow Power Supply prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sungrow Power Supply is a good investment. Please check the relationship between Sungrow Power Tax Provision and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sungrow Power Supply. 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 Gross Profit
Tax Provision vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sungrow Power Supply Tax Provision account and
Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sungrow Power's Tax Provision and Gross Profit is 0.98. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Sungrow Power Supply, assuming nothing else is changed. The correlation between historical values of Sungrow Power's Tax Provision and Gross Profit 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 Sungrow Power Supply are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Tax Provision i.e., Sungrow Power's Tax Provision and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sungrow Power Supply minus its cost of goods sold. It is profit before Sungrow Power 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.
Most indicators from Sungrow Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sungrow Power Supply 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 Sungrow Power Supply. 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 4
B. The current year's Tax Provision is expected to grow to about 1.9
BSungrow Power fundamental ratios Correlations
Click cells to compare fundamentals
Sungrow Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sungrow Power fundamental ratios Accounts
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Other Information on Investing in Sungrow Stock
Balance Sheet is a snapshot of the
financial position of Sungrow Power Supply at a specified time, usually calculated after every quarter, six months, or one year. Sungrow Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sungrow Power 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 Sungrow currently owns. An asset can also be divided into two categories, current and non-current.