SAIC Research Development vs Income Tax Expense Analysis
600104 Stock | 19.81 0.97 5.15% |
SAIC financial indicator trend analysis is much more than just breaking down SAIC Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SAIC Motor Corp is a good investment. Please check the relationship between SAIC Research Development and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SAIC Motor Corp. 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.
Research Development vs Income Tax Expense
Research Development vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SAIC Motor Corp Research Development account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between SAIC's Research Development and Income Tax Expense is 0.25. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of SAIC Motor Corp, assuming nothing else is changed. The correlation between historical values of SAIC's Research Development and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of SAIC Motor Corp are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Research Development i.e., SAIC's Research Development and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Research Development
Income Tax Expense
Most indicators from SAIC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SAIC Motor Corp 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 SAIC Motor Corp. 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 December 28, 2024, Selling General Administrative is expected to decline to about 36.3 B. In addition to that, Tax Provision is expected to decline to about 5.1 B
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 12.2B | 12.2B | 16.5B | 13.0B | Total Revenue | 777.6B | 744.1B | 744.7B | 449.6B |
SAIC fundamental ratios Correlations
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SAIC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SAIC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 849.3B | 919.4B | 916.9B | 990.1B | 1.0T | 1.1T | |
Other Current Liab | 118.6B | 193.7B | 109.1B | 93.0B | 3.1B | 3.0B | |
Total Current Liabilities | 462.8B | 510.9B | 480.5B | 544.0B | 547.4B | 574.8B | |
Total Stockholder Equity | 249.7B | 260.1B | 273.8B | 279.2B | 286.3B | 300.6B | |
Other Liab | 50.4B | 51.4B | 53.0B | 49.4B | 56.8B | 59.7B | |
Retained Earnings | 169.3B | 179.4B | 189.6B | 197.8B | 167.5B | 175.8B | |
Accounts Payable | 170.0B | 205.0B | 199.1B | 244.3B | 264.7B | 277.9B | |
Cash | 127.8B | 142.6B | 138.5B | 155.2B | 143.6B | 73.4B | |
Other Assets | 136.2B | 152.3B | 160.1B | 158.9B | 182.7B | 191.8B | |
Long Term Debt | 36.9B | 47.1B | 46.3B | 49.7B | 62.9B | 66.0B | |
Net Receivables | 203.8B | 43.6B | 47.5B | 62.9B | 68.0B | 61.7B | |
Short Term Investments | 49.8B | 64.1B | 53.9B | 45.2B | 46.7B | 49.0B | |
Inventory | 54.4B | 69.4B | 56.6B | 88.5B | 98.6B | 103.5B | |
Other Current Assets | 40.0B | 49.7B | 211.4B | 192.4B | 186.7B | 196.1B | |
Total Liab | 548.5B | 609.4B | 588.2B | 653.8B | 663.7B | 696.9B | |
Intangible Assets | 16.9B | 18.5B | 19.6B | 22.2B | 24.4B | 25.6B | |
Property Plant Equipment | 99.2B | 96.1B | 101.6B | 105.6B | 121.4B | 127.5B | |
Good Will | 1.5B | 1.5B | 1.3B | 1.2B | 1.2B | 1.1B | |
Net Tangible Assets | 232.9B | 242.6B | 255.7B | 259.1B | 297.9B | 243.2B | |
Other Stockholder Equity | 13.1B | 14.1B | 18.7B | 15.7B | 18.0B | 14.6B | |
Deferred Long Term Liab | 4.1B | 4.7B | 4.9B | 5.7B | 6.6B | 3.7B | |
Short Long Term Debt | 75.3B | 92.7B | 83.4B | 101.8B | 94.0B | 66.1B | |
Total Current Assets | 511.2B | 566.2B | 545.0B | 582.2B | 619.6B | 521.9B | |
Non Current Assets Total | 338.2B | 353.2B | 371.9B | 407.9B | 387.0B | 382.4B | |
Non Currrent Assets Other | (6.5B) | 7.4B | 9.1B | 13.2B | 10.5B | 16.7B | |
Non Current Liabilities Total | 85.7B | 98.5B | 107.7B | 109.8B | 116.3B | 99.0B | |
Non Current Liabilities Other | 13.5B | 15.4B | 19.3B | 20.8B | 23.2B | 18.2B | |
Net Invested Capital | 360.3B | 399.9B | 403.5B | 430.8B | 443.2B | 413.0B | |
Net Working Capital | 48.4B | 55.3B | 64.5B | 38.2B | 72.2B | 49.7B |
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Other Information on Investing in SAIC Stock
Balance Sheet is a snapshot of the financial position of SAIC Motor Corp at a specified time, usually calculated after every quarter, six months, or one year. SAIC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SAIC 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 SAIC currently owns. An asset can also be divided into two categories, current and non-current.