| 600202 Stock | | | 4.99 0.05 0.99% |
Harbin Air financial indicator trend analysis is much more than just examining Harbin Air Conditioning latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harbin Air Conditioning is a good investment. Please check the relationship between Harbin Air Gross Profit and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Air Conditioning. 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.
Gross Profit vs Tax Provision
Gross Profit vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Harbin Air Conditioning Gross Profit account and
Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Harbin Air's Gross Profit and Tax Provision is 0.57. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Harbin Air Conditioning, assuming nothing else is changed. The correlation between historical values of Harbin Air's Gross Profit 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 Gross Profit of Harbin Air Conditioning 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 Gross Profit i.e., Harbin Air's Gross Profit and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.57 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Harbin Air Conditioning minus its cost of goods sold. It is profit before Harbin Air operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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 Harbin Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harbin Air Conditioning 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 Harbin Air Conditioning. 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
Selling General Administrative is expected to grow to about 60.1
M, whereas Tax Provision is forecasted to decline to (482.9
K).
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 62.9M | 161.6M | 233.4M | 145.6M | Research Development | 32.4M | 35.6M | 46.6M | 31.5M |
Harbin Air fundamental ratios Correlations
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Harbin Air Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harbin Air fundamental ratios Accounts
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Other Information on Investing in Harbin Stock
Balance Sheet is a snapshot of the
financial position of Harbin Air Conditioning at a specified time, usually calculated after every quarter, six months, or one year. Harbin Air Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Harbin Air 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 Harbin currently owns. An asset can also be divided into two categories, current and non-current.