Shanghai Tax Provision vs Net Income Analysis
| 301099 Stock | 42.80 1.29 3.11% |
Shanghai Yct financial indicator trend analysis is much more than just breaking down Shanghai Yct Electronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Yct Electronics is a good investment. Please check the relationship between Shanghai Yct Tax Provision and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Yct Electronics. 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
Tax Provision vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Yct Electronics Tax Provision account and Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Shanghai Yct's Tax Provision and Net Income is 0.99. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of Shanghai Yct Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Yct's Tax Provision and Net 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 Tax Provision of Shanghai Yct Electronics are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., Shanghai Yct's Tax Provision and Net Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
| 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shanghai Yct Electronics financial statement analysis. It represents the amount of money remaining after all of Shanghai Yct Electronics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Shanghai Yct's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Yct Electronics 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 Shanghai Yct Electronics. 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 Tax Provision is expected to grow to about 24.3 M, whereas Selling General Administrative is forecasted to decline to about 79.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 13.4M | 17.5M | 29.9M | 25.6M | Interest Income | 205.0K | 1.6M | 3.2M | 3.3M |
Shanghai Yct fundamental ratios Correlations
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Shanghai Yct Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the financial position of Shanghai Yct Electronics at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Yct Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Yct 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.