Shenzhen Total Revenue vs Income Before Tax Analysis
301308 Stock | 86.26 2.00 2.27% |
Shenzhen Longsys financial indicator trend analysis is much more than just breaking down Shenzhen Longsys Ele prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Longsys Ele is a good investment. Please check the relationship between Shenzhen Longsys Total Revenue and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Longsys 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 board of governors.
Total Revenue vs Income Before Tax
Total Revenue vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Longsys Ele Total Revenue account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shenzhen Longsys' Total Revenue and Income Before Tax is -0.3. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Shenzhen Longsys Electronics, assuming nothing else is changed. The correlation between historical values of Shenzhen Longsys' Total Revenue and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Shenzhen Longsys Electronics are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Revenue i.e., Shenzhen Longsys' Total Revenue and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Shenzhen Longsys Ele generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Shenzhen Longsys income statement and is an important metric when analyzing Shenzhen Longsys Ele profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Shenzhen Longsys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Longsys Ele 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 Shenzhen Longsys 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 board of governors. The current year's Tax Provision is expected to grow to about (210 M). In addition to that, Selling General Administrative is expected to decline to about 420.2 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 12.0M | 30.4M | 82.2M | 47.5M | Interest Income | 3.1M | 21.5M | 34.1M | 35.8M |
Shenzhen Longsys fundamental ratios Correlations
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Shenzhen Longsys 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 Shenzhen Stock
Balance Sheet is a snapshot of the financial position of Shenzhen Longsys Ele at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Longsys Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Longsys 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.