Guangzhou Net Income vs Tax Provision Analysis

300404 Stock

8.94 0.06 0.67%

Guangzhou Boji financial indicator trend analysis is much more than just examining Guangzhou Boji Medical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Boji Medical is a good investment. Please check the relationship between Guangzhou Boji Net Income and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Boji Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Guangzhou Boji Medical Net Income account and Tax Provision. At this time, the significance of the direction appears to have very week relationship.

The correlation between Guangzhou Boji's Net Income and Tax Provision is 0.22. 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 Guangzhou Boji Medical, assuming nothing else is changed. The correlation between historical values of Guangzhou Boji'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 Guangzhou Boji Medical 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., Guangzhou Boji's Net Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Guangzhou Boji Medical financial statement analysis. It represents the amount of money remaining after all of Guangzhou Boji Medical 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 Guangzhou Boji's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Boji Medical 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 Boji Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of November 29, 2024, Selling General Administrative is expected to decline to about 33.8 M. The current year's Tax Provision is expected to grow to about (9.1 M)

	2021	2022	2023	2024 (projected)
Gross Profit	140.1M	160.7M	185.3M	110.9M
Research Development	27.6M	43.7M	55.0M	57.7M

Gross Profit Research Development

Guangzhou Boji fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.03	0.97	0.99	0.82	0.9	0.82	0.78	0.87	0.88	0.89	0.17	0.87	0.55	0.9	0.88	0.87	-0.76	0.85	0.84	0.79	0.95	0.18	0.75	0.85	-0.35
Other Current Liab	0.03		0.12	0.01	0.35	0.08	-0.23	-0.19	0.11	-0.03	-0.12	0.92	-0.14	0.28	0.04	0.27	-0.17	-0.29	0.0	0.33	-0.26	-0.08	0.04	-0.48	0.29	0.45
Total Current Liabilities	0.97	0.12		0.93	0.89	0.83	0.84	0.74	0.91	0.79	0.87	0.26	0.88	0.5	0.88	0.89	0.81	-0.79	0.86	0.89	0.74	0.97	0.21	0.74	0.93	-0.34
Total Stockholder Equity	0.99	0.01	0.93		0.77	0.92	0.79	0.79	0.83	0.9	0.88	0.14	0.83	0.57	0.89	0.85	0.88	-0.74	0.81	0.8	0.79	0.92	0.16	0.73	0.79	-0.34
Other Liab	0.82	0.35	0.89	0.77		0.76	0.71	0.46	0.86	0.67	0.74	0.51	0.75	0.62	0.8	0.9	0.52	-0.83	0.81	0.97	0.4	0.83	0.0	0.54	0.88	-0.21
Retained Earnings	0.9	0.08	0.83	0.92	0.76		0.74	0.71	0.79	0.85	0.84	0.22	0.77	0.77	0.86	0.78	0.71	-0.72	0.74	0.73	0.63	0.79	0.14	0.64	0.72	-0.35
Accounts Payable	0.82	-0.23	0.84	0.79	0.71	0.74		0.85	0.91	0.73	0.96	-0.07	0.99	0.44	0.91	0.71	0.68	-0.74	0.9	0.69	0.68	0.9	0.1	0.96	0.79	-0.78
Cash	0.78	-0.19	0.74	0.79	0.46	0.71	0.85		0.79	0.75	0.87	-0.16	0.87	0.26	0.82	0.52	0.83	-0.53	0.79	0.45	0.87	0.78	0.35	0.83	0.68	-0.69
Other Assets	0.87	0.11	0.91	0.83	0.86	0.79	0.91	0.79		0.7	0.94	0.27	0.96	0.53	0.97	0.82	0.66	-0.85	0.95	0.84	0.62	0.92	0.25	0.81	0.94	-0.57
Net Receivables	0.88	-0.03	0.79	0.9	0.67	0.85	0.73	0.75	0.7		0.81	0.05	0.73	0.5	0.76	0.75	0.84	-0.63	0.79	0.7	0.75	0.82	-0.15	0.66	0.62	-0.37
Inventory	0.89	-0.12	0.87	0.88	0.74	0.84	0.96	0.87	0.94	0.81		0.06	0.98	0.55	0.97	0.8	0.73	-0.82	0.93	0.76	0.69	0.92	0.11	0.91	0.81	-0.69
Other Current Assets	0.17	0.92	0.26	0.14	0.51	0.22	-0.07	-0.16	0.27	0.05	0.06		0.02	0.46	0.22	0.49	-0.16	-0.54	0.14	0.52	-0.29	0.07	-0.03	-0.32	0.44	0.35
Total Liab	0.87	-0.14	0.88	0.83	0.75	0.77	0.99	0.87	0.96	0.73	0.98	0.02		0.46	0.95	0.76	0.71	-0.78	0.93	0.74	0.7	0.93	0.19	0.93	0.85	-0.72
Intangible Assets	0.55	0.28	0.5	0.57	0.62	0.77	0.44	0.26	0.53	0.5	0.55	0.46	0.46		0.6	0.64	0.19	-0.67	0.43	0.59	0.07	0.42	-0.09	0.3	0.48	-0.17
Common Stock	0.9	0.04	0.88	0.89	0.8	0.86	0.91	0.82	0.97	0.76	0.97	0.22	0.95	0.6		0.82	0.68	-0.86	0.92	0.8	0.64	0.9	0.2	0.83	0.89	-0.61
Property Plant Equipment	0.88	0.27	0.89	0.85	0.9	0.78	0.71	0.52	0.82	0.75	0.8	0.49	0.76	0.64	0.82		0.6	-0.93	0.77	0.96	0.45	0.85	-0.09	0.57	0.84	-0.23
Net Tangible Assets	0.87	-0.17	0.81	0.88	0.52	0.71	0.68	0.83	0.66	0.84	0.73	-0.16	0.71	0.19	0.68	0.6		-0.43	0.69	0.56	0.97	0.83	0.28	0.69	0.63	-0.3
Short Term Investments	-0.76	-0.29	-0.79	-0.74	-0.83	-0.72	-0.74	-0.53	-0.85	-0.63	-0.82	-0.54	-0.78	-0.67	-0.86	-0.93	-0.43		-0.78	-0.89	-0.3	-0.76	0.07	-0.59	-0.84	0.42
Deferred Long Term Liab	0.85	0.0	0.86	0.81	0.81	0.74	0.9	0.79	0.95	0.79	0.93	0.14	0.93	0.43	0.92	0.77	0.69	-0.78		0.81	0.66	0.92	0.06	0.83	0.86	-0.6
Long Term Investments	0.84	0.33	0.89	0.8	0.97	0.73	0.69	0.45	0.84	0.7	0.76	0.52	0.74	0.59	0.8	0.96	0.56	-0.89	0.81		0.41	0.85	-0.06	0.54	0.86	-0.19
Total Current Assets	0.79	-0.26	0.74	0.79	0.4	0.63	0.68	0.87	0.62	0.75	0.69	-0.29	0.7	0.07	0.64	0.45	0.97	-0.3	0.66	0.41		0.78	0.38	0.72	0.58	-0.39
Non Current Assets Total	0.95	-0.08	0.97	0.92	0.83	0.79	0.9	0.78	0.92	0.82	0.92	0.07	0.93	0.42	0.9	0.85	0.83	-0.76	0.92	0.85	0.78		0.15	0.86	0.88	-0.47
Non Currrent Assets Other	0.18	0.04	0.21	0.16	0.0	0.14	0.1	0.35	0.25	-0.15	0.11	-0.03	0.19	-0.09	0.2	-0.09	0.28	0.07	0.06	-0.06	0.38	0.15		0.14	0.27	0.02
Non Current Liabilities Total	0.75	-0.48	0.74	0.73	0.54	0.64	0.96	0.83	0.81	0.66	0.91	-0.32	0.93	0.3	0.83	0.57	0.69	-0.59	0.83	0.54	0.72	0.86	0.14		0.65	-0.8
Short Long Term Debt	0.85	0.29	0.93	0.79	0.88	0.72	0.79	0.68	0.94	0.62	0.81	0.44	0.85	0.48	0.89	0.84	0.63	-0.84	0.86	0.86	0.58	0.88	0.27	0.65		-0.39
Non Current Liabilities Other	-0.35	0.45	-0.34	-0.34	-0.21	-0.35	-0.78	-0.69	-0.57	-0.37	-0.69	0.35	-0.72	-0.17	-0.61	-0.23	-0.3	0.42	-0.6	-0.19	-0.39	-0.47	0.02	-0.8	-0.39

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Guangzhou Boji Account Relationship Matchups

Guangzhou Boji fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	633.1M	749.6M	1.1B	1.3B	1.4B	758.3M
Other Current Liab	94.8M	153.9M	175.9M	6.3M	6.7M	6.4M
Total Current Liabilities	160.9M	245.9M	270.8M	300.2M	357.5M	187.5M
Total Stockholder Equity	422.7M	444.2M	814.0M	855.0M	955.9M	528.3M
Other Liab	17.2M	16.1M	18.7M	16.3M	18.8M	11.4M
Retained Earnings	123.6M	131.8M	170.6M	167.5M	186.5M	142.9M
Accounts Payable	42.6M	50.9M	55.8M	79.0M	101.4M	106.5M
Cash	57.4M	146.4M	384.5M	306.9M	397.2M	417.0M
Other Assets	39.7M	45.0M	84.2M	80.4M	92.4M	97.0M
Net Receivables	83.2M	42.6M	108.3M	91.5M	114.4M	77.9M
Inventory	91.5M	93.2M	148.3M	168.4M	199.1M	209.0M
Other Current Assets	34.4M	46.4M	39.0M	3.8M	1.9M	1.8M
Total Liab	177.0M	264.6M	291.8M	376.7M	448.8M	471.3M
Intangible Assets	24.1M	23.4M	22.5M	22.4M	21.9M	22.8M
Common Stock	133.9M	173.3M	226.6M	261.5M	300.7M	315.7M
Property Plant Equipment	200.2M	204.5M	185.9M	225.8M	259.6M	154.3M
Net Tangible Assets	360.5M	370.5M	392.7M	763.4M	877.9M	483.8M
Short Term Investments	29.0M	49.5M	20M	45.7M	7.4M	7.0M
Deferred Long Term Liab	1.9M	4.1M	3.1M	4.8M	5.5M	5.7M
Total Current Assets	286.4M	374.9M	700.1M	701.2M	815.2M	514.5M
Non Current Assets Total	346.6M	374.8M	438.1M	564.2M	613.7M	428.2M
Non Currrent Assets Other	928.1K	11.4M	8.2M	10.1M	5.3M	7.0M
Non Current Liabilities Total	16.1M	18.7M	21.0M	76.5M	91.3M	95.9M
Short Long Term Debt	15M	32.0M	25.2M	20.2M	29.9M	19.4M
Common Stock Shares Outstanding	225.3M	226.6M	261.5M	368.4M	382.0M	301.3M
Net Invested Capital	437.7M	476.2M	839.2M	929.5M	1.1B	719.5M
Net Working Capital	125.5M	128.9M	429.3M	401.0M	457.7M	287.3M
Capital Stock	173.3M	226.6M	261.5M	368.4M	382.0M	283.4M

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Other Information on Investing in Guangzhou Stock

Balance Sheet is a snapshot of the financial position of Guangzhou Boji Medical at a specified time, usually calculated after every quarter, six months, or one year. Guangzhou Boji Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangzhou Boji 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.

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Guangzhou Net Income vs Tax Provision Analysis

Net Income vs Tax Provision

Net Income vs Tax Provision Correlation Analysis

Correlation Coefficient

Net Income

Tax Provision

Guangzhou Boji fundamental ratios Correlations

Guangzhou Boji Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangzhou Boji fundamental ratios Accounts

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Other Information on Investing in Guangzhou Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Accounts Payable
Total Liab	+ 0.98	Inventory
Total Current Liabilities	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Current Liabilities
Long Term Investments	+ 0.97	Other Liab

Short Term Investments	- 0.93	Property Plant Equipment
Long Term Investments	- 0.89	Short Term Investments
Short Term Investments	- 0.86	Common Stock
Short Term Investments	- 0.85	Other Assets
Short Long Term Debt	- 0.84	Short Term Investments
Short Term Investments	- 0.83	Other Liab