600491 Stock | | | 3.87 0.03 0.77% |
Long Yuan financial indicator trend analysis is infinitely more than just investigating Long Yuan Construction recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Long Yuan Construction is a good investment. Please check the relationship between Long Yuan Income Before Tax and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Long Yuan Construction. 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.
Income Before Tax vs Selling General Administrative
Income Before Tax vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Long Yuan Construction Income Before Tax account and
Selling General Administrative. At this time, the significance of the direction appears to have no relationship.
The correlation between Long Yuan's Income Before Tax and Selling General Administrative is 0.05. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Long Yuan Construction, assuming nothing else is changed. The correlation between historical values of Long Yuan's Income Before Tax and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Long Yuan Construction are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., Long Yuan's Income Before Tax and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Long Yuan income statement and is an important metric when analyzing Long Yuan Construction 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.
Selling General Administrative
Most indicators from Long Yuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Long Yuan Construction 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 Long Yuan Construction. 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.
As of November 26, 2024, Selling General Administrative is expected to decline to about 120.9
M. The current year's
Tax Provision is expected to grow to about (83.8
M)
Long Yuan fundamental ratios Correlations
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Long Yuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Long Yuan fundamental ratios Accounts
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Other Information on Investing in Long Stock
Balance Sheet is a snapshot of the
financial position of Long Yuan Construction at a specified time, usually calculated after every quarter, six months, or one year. Long Yuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Long Yuan 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 Long currently owns. An asset can also be divided into two categories, current and non-current.