Hangzhou Income Tax Expense vs Interest Income Analysis

300478 Stock   10.60  0.04  0.38%   
Hangzhou Gaoxin financial indicator trend analysis is much more than just examining Hangzhou Gaoxin Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Gaoxin Rubber is a good investment. Please check the relationship between Hangzhou Gaoxin Income Tax Expense and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Gaoxin Rubber. 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.

Income Tax Expense vs Interest Income

Income Tax Expense vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Gaoxin Rubber Income Tax Expense account and Interest Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Hangzhou Gaoxin's Income Tax Expense and Interest Income is 0.18. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Interest Income in the same time period over historical financial statements of Hangzhou Gaoxin Rubber, assuming nothing else is changed. The correlation between historical values of Hangzhou Gaoxin's Income Tax Expense and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Hangzhou Gaoxin Rubber are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Tax Expense i.e., Hangzhou Gaoxin's Income Tax Expense and Interest Income go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Tax Expense

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Hangzhou Gaoxin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Gaoxin Rubber 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 Hangzhou Gaoxin Rubber. 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 27, 2024, Selling General Administrative is expected to decline to about 11.5 M. The current year's Tax Provision is expected to grow to -318.68
 2021 2022 2023 2024 (projected)
Gross Profit35.6M27.6M23.2M22.0M
Research Development22.0M19.6M23.9M25.5M

Hangzhou Gaoxin fundamental ratios Correlations

0.70.490.710.770.79-0.10.250.430.760.660.90.690.660.950.950.90.670.850.890.590.650.160.780.78-0.12
0.7-0.120.980.270.83-0.010.69-0.060.290.510.60.220.510.650.710.870.380.830.660.980.140.640.420.86-0.28
0.49-0.12-0.140.540.0-0.28-0.220.560.780.10.60.580.10.450.40.20.270.310.3-0.290.62-0.530.60.0-0.01
0.710.98-0.140.240.870.180.7-0.120.30.470.640.260.470.640.70.860.420.860.630.950.170.680.420.88-0.36
0.770.270.540.240.42-0.25-0.390.810.680.840.530.790.840.860.830.630.580.350.880.190.71-0.220.730.360.41
0.790.830.00.870.420.20.55-0.110.350.460.760.350.460.690.750.770.770.840.660.790.420.690.50.98-0.46
-0.1-0.01-0.280.18-0.250.20.11-0.45-0.13-0.190.050.02-0.19-0.17-0.12-0.10.190.13-0.2-0.01-0.040.41-0.130.12-0.43
0.250.69-0.220.7-0.390.550.11-0.64-0.03-0.260.42-0.24-0.260.080.130.350.10.65-0.020.69-0.120.70.010.62-0.76
0.43-0.060.56-0.120.81-0.11-0.45-0.640.640.680.180.680.680.60.530.350.010.010.63-0.130.47-0.690.58-0.160.76
0.760.290.780.30.680.35-0.13-0.030.640.40.790.840.40.770.750.580.290.640.620.130.67-0.320.840.310.04
0.660.510.10.470.840.46-0.19-0.260.680.40.30.561.00.780.790.760.40.320.920.490.330.010.540.420.53
0.90.60.60.640.530.760.050.420.180.790.30.610.30.770.80.720.650.920.620.460.640.210.710.75-0.46
0.690.220.580.260.790.350.02-0.240.680.840.560.610.560.790.730.50.410.460.680.110.8-0.260.790.250.19
0.660.510.10.470.840.46-0.19-0.260.680.41.00.30.560.780.790.760.40.320.920.490.330.010.540.420.53
0.950.650.450.640.860.69-0.170.080.60.770.780.770.790.780.960.880.570.730.950.560.70.060.810.650.12
0.950.710.40.70.830.75-0.120.130.530.750.790.80.730.790.960.910.60.780.940.620.60.140.770.720.06
0.90.870.20.860.630.77-0.10.350.350.580.760.720.50.760.880.910.470.820.90.810.330.30.660.8-0.02
0.670.380.270.420.580.770.190.10.010.290.40.650.410.40.570.60.470.50.550.320.60.460.430.73-0.37
0.850.830.310.860.350.840.130.650.010.640.320.920.460.320.730.780.820.50.610.720.410.430.60.85-0.5
0.890.660.30.630.880.66-0.2-0.020.630.620.920.620.680.920.950.940.90.550.610.60.540.070.720.630.27
0.590.98-0.290.950.190.79-0.010.69-0.130.130.490.460.110.490.560.620.810.320.720.60.040.70.30.82-0.24
0.650.140.620.170.710.42-0.04-0.120.470.670.330.640.80.330.70.60.330.60.410.540.04-0.130.740.32-0.04
0.160.64-0.530.68-0.220.690.410.7-0.69-0.320.010.21-0.260.010.060.140.30.460.430.070.7-0.13-0.120.71-0.63
0.780.420.60.420.730.5-0.130.010.580.840.540.710.790.540.810.770.660.430.60.720.30.74-0.120.450.06
0.780.860.00.880.360.980.120.62-0.160.310.420.750.250.420.650.720.80.730.850.630.820.320.710.45-0.49
-0.12-0.28-0.01-0.360.41-0.46-0.43-0.760.760.040.53-0.460.190.530.120.06-0.02-0.37-0.50.27-0.24-0.04-0.630.06-0.49
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Hangzhou Gaoxin Account Relationship Matchups

Hangzhou Gaoxin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets813.6M402.9M411.4M333.9M341.2M615.5M
Short Long Term Debt Total348.6M200.3M140.2M155.2M225.4M189.3M
Other Current Liab703.2K142.4K15.1K310.1K5.7M5.6M
Total Current Liabilities406.5M244.8M267.2M265.2M249.0M257.6M
Total Stockholder Equity256.1M66.7M83.1M68.6M92.3M87.7M
Property Plant And Equipment Net230.1M189.5M165.4M140.6M135.5M152.1M
Current Deferred Revenue12.5M13.1M95.4M90.3M47.7K45.3K
Net Debt235.9M199.3M116.9M138.4M221.0M232.0M
Retained Earnings(93.8M)(283.2M)(268.4M)(290.0M)(266.4M)(253.0M)
Accounts Payable44.8M31.3M31.6M19.5M17.8M16.9M
Cash112.7M995.6K23.2M16.8M4.4M4.2M
Non Current Assets Total354.7M222.7M197.8M167.8M159.5M241.8M
Non Currrent Assets Other2.3M2.1M2.1M2.5M225.9K214.6K
Cash And Short Term Investments112.7M995.6K23.2M16.8M4.4M4.2M
Net Receivables258.2M150.0M169.8M124.7M156.0M165.3M
Liabilities And Stockholders Equity813.6M402.9M411.4M333.9M341.2M615.5M
Inventory82.2M29.0M19.7M24.1M20.0M19.0M
Other Current Assets5.8M98.7K924.5K465.7K1.4M2.6M
Total Liab527.9M338.6M328.3M265.2M249.0M320.5M
Total Current Assets458.9M180.1M213.6M166.1M181.8M271.8M
Short Term Debt348.6M200.3M140.2M155.2M225.4M180.6M
Intangible Assets31.9M31.1M30.3M24.6M24.0M27.4M
Other Assets11.1M7.7M1.02.1M0.90.86
Property Plant Equipment230.1M189.5M165.4M140.6M161.7M188.6M
Net Tangible Assets224.1M35.6M52.7M44.0M39.6M37.6M
Short Long Term Debt348.6M200.3M140.2M155.2M215.2M224.5M
Net Invested Capital604.6M267.0M223.3M223.8M307.5M384.8M
Net Working Capital52.4M(64.7M)(53.6M)(99.1M)(67.2M)(63.8M)

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Other Information on Investing in Hangzhou Stock

Balance Sheet is a snapshot of the financial position of Hangzhou Gaoxin Rubber at a specified time, usually calculated after every quarter, six months, or one year. Hangzhou Gaoxin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hangzhou Gaoxin 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 Hangzhou currently owns. An asset can also be divided into two categories, current and non-current.