Gansu Tax Provision vs Total Revenue Analysis
600307 Stock | 1.63 0.06 3.55% |
Gansu Jiu financial indicator trend analysis is much more than just examining Gansu Jiu Steel latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gansu Jiu Steel is a good investment. Please check the relationship between Gansu Jiu Tax Provision and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Gansu Jiu Steel. 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.
Tax Provision vs Total Revenue
Tax Provision vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gansu Jiu Steel Tax Provision account and Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Gansu Jiu's Tax Provision and Total Revenue is 0.32. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Gansu Jiu Steel, assuming nothing else is changed. The correlation between historical values of Gansu Jiu's Tax Provision and Total Revenue 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 Gansu Jiu Steel are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Tax Provision i.e., Gansu Jiu's Tax Provision and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Total Revenue
Total revenue comprises all receipts Gansu Jiu Steel 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.Most indicators from Gansu Jiu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gansu Jiu Steel 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 Gansu Jiu Steel. 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 2.1 B, whereas Tax Provision is forecasted to decline to about 7 M.
Gansu Jiu fundamental ratios Correlations
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Gansu Jiu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gansu Jiu fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.6B | 41.4B | 41.9B | 40.4B | 44.4B | 31.0B | |
Other Current Liab | 727.9M | 1.0B | 1.5B | 1.7B | 101.8M | 96.7M | |
Total Current Liabilities | 26.4B | 27.2B | 23.9B | 23.0B | 24.5B | 18.3B | |
Total Stockholder Equity | 11.8B | 12.3B | 13.8B | 11.2B | 10.1B | 9.4B | |
Retained Earnings | (1.3B) | (798.5M) | 689.1M | (3.3B) | (4.3B) | (4.1B) | |
Accounts Payable | 8.3B | 10.4B | 11.3B | 11.3B | 14.0B | 14.7B | |
Cash | 4.1B | 4.4B | 4.8B | 4.5B | 4.3B | 4.3B | |
Other Assets | 165.0M | 154.5M | 174.8M | 307.9M | 354.1M | 237.8M | |
Long Term Debt | 1.0B | 1.3B | 3.9B | 5.8B | 9.4B | 9.9B | |
Net Receivables | 1.8B | 164.2M | 242.3M | 161.9M | 320.3M | 304.3M | |
Inventory | 5.4B | 6.6B | 8.1B | 5.4B | 5.6B | 4.9B | |
Other Current Assets | 594.4M | 421.1M | 758.0M | 346.3M | 101.2M | 96.1M | |
Total Liab | 27.7B | 29.1B | 28.1B | 29.2B | 34.2B | 21.5B | |
Property Plant Equipment | 23.8B | 24.0B | 23.9B | 24.0B | 27.6B | 16.5B | |
Intangible Assets | 2.8B | 2.7B | 2.6B | 2.6B | 3.4B | 1.7B | |
Other Liab | 326.8M | 301.5M | 293.3M | 320.3M | 368.3M | 235.5M | |
Net Tangible Assets | 9.0B | 9.6B | 11.2B | 8.5B | 9.8B | 8.9B | |
Other Stockholder Equity | 106.6M | 142.2M | 142.4M | 122.8M | 141.2M | 124.1M | |
Deferred Long Term Liab | 8.5M | 8.0M | 7.5M | 7.0M | 6.3M | 6.8M | |
Short Long Term Debt | 16.7B | 14.3B | 9.5B | 7.3B | 8.0B | 9.9B | |
Total Current Assets | 11.9B | 13.9B | 14.2B | 10.7B | 10.8B | 12.5B | |
Non Current Assets Total | 27.6B | 27.5B | 27.7B | 29.7B | 33.6B | 31.8B | |
Non Currrent Assets Other | 97.8M | 105.7M | 215.9M | 9.3M | 201.2M | 128.9M | |
Non Current Liabilities Total | 1.3B | 1.9B | 4.3B | 6.2B | 9.8B | 10.2B | |
Non Current Liabilities Other | 960M | 1.0B | 18.0M | 17.9M | 15.8M | 15.0M | |
Net Debt | 13.6B | 11.3B | 8.6B | 8.6B | 13.1B | 9.8B | |
Net Invested Capital | 29.5B | 28.0B | 27.2B | 24.3B | 27.6B | 22.3B | |
Net Working Capital | (14.4B) | (13.2B) | (9.6B) | (12.3B) | (13.7B) | (14.4B) |
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Other Information on Investing in Gansu Stock
Balance Sheet is a snapshot of the financial position of Gansu Jiu Steel at a specified time, usually calculated after every quarter, six months, or one year. Gansu Jiu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gansu Jiu 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 Gansu currently owns. An asset can also be divided into two categories, current and non-current.