Long Tax Provision vs Ebit Analysis

600491 Stock   3.83  0.03  0.78%   
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 Tax Provision and its Ebit 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.

Tax Provision vs Ebit

Tax Provision vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Long Yuan Construction Tax Provision account and Ebit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Long Yuan's Tax Provision and Ebit is -0.12. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Ebit 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 Tax Provision and Ebit 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 Long Yuan Construction are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Tax Provision i.e., Long Yuan's Tax Provision and Ebit go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Ebit

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 30, 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)
 2021 2022 2023 2024 (projected)
Operating Income2.7B1.7B948.8M817.8M
Total Revenue19.5B14.2B9.0B13.8B

Long Yuan fundamental ratios Correlations

0.390.891.00.930.860.730.470.170.56-0.280.621.00.960.90.4-0.670.950.940.860.90.520.890.960.790.91
0.390.50.370.470.550.640.470.31-0.310.24-0.210.40.280.390.17-0.120.260.250.060.190.250.240.370.280.28
0.890.50.870.950.990.840.550.420.260.050.270.90.840.790.36-0.530.740.820.750.780.370.850.860.670.88
1.00.370.870.910.830.730.460.130.58-0.320.650.990.940.90.43-0.690.960.950.870.910.530.890.950.790.91
0.930.470.950.910.930.770.510.140.3-0.220.380.930.860.760.4-0.590.850.90.780.870.490.840.910.780.88
0.860.550.990.830.930.890.620.480.170.130.180.870.810.750.29-0.480.690.770.680.70.330.830.850.630.86
0.730.640.840.730.770.890.760.540.030.240.060.730.610.680.3-0.40.550.650.470.530.380.730.750.430.75
0.470.470.550.460.510.620.760.37-0.150.210.010.470.330.360.09-0.110.370.430.290.280.60.490.580.010.53
0.170.310.420.130.140.480.540.37-0.120.87-0.290.180.180.33-0.060.09-0.120.00.05-0.09-0.160.30.15-0.150.27
0.56-0.310.260.580.30.170.03-0.15-0.12-0.460.910.550.60.610.28-0.480.650.590.730.630.260.470.440.450.47
-0.280.240.05-0.32-0.220.130.240.210.87-0.46-0.63-0.27-0.28-0.11-0.280.44-0.55-0.43-0.39-0.51-0.32-0.15-0.3-0.49-0.18
0.62-0.210.270.650.380.180.060.01-0.290.91-0.630.610.650.650.32-0.580.760.670.730.690.440.520.560.420.52
1.00.40.90.990.930.870.730.470.180.55-0.270.610.960.90.39-0.670.950.930.860.90.510.890.950.790.91
0.960.280.840.940.860.810.610.330.180.6-0.280.650.960.860.34-0.690.910.890.880.880.360.890.920.790.9
0.90.390.790.90.760.750.680.360.330.61-0.110.650.90.860.54-0.710.810.810.770.760.390.820.820.590.81
0.40.170.360.430.40.290.30.09-0.060.28-0.280.320.390.340.54-0.80.410.430.410.450.190.380.390.340.39
-0.67-0.12-0.53-0.69-0.59-0.48-0.4-0.110.09-0.480.44-0.58-0.67-0.69-0.71-0.8-0.68-0.65-0.65-0.67-0.1-0.64-0.65-0.6-0.64
0.950.260.740.960.850.690.550.37-0.120.65-0.550.760.950.910.810.41-0.680.950.880.940.60.810.920.80.84
0.940.250.820.950.90.770.650.430.00.59-0.430.670.930.890.810.43-0.650.950.920.980.560.890.930.750.93
0.860.060.750.870.780.680.470.290.050.73-0.390.730.860.880.770.41-0.650.880.920.940.380.860.840.690.9
0.90.190.780.910.870.70.530.28-0.090.63-0.510.690.90.880.760.45-0.670.940.980.940.480.840.870.80.88
0.520.250.370.530.490.330.380.6-0.160.26-0.320.440.510.360.390.19-0.10.60.560.380.480.330.530.210.38
0.890.240.850.890.840.830.730.490.30.47-0.150.520.890.890.820.38-0.640.810.890.860.840.330.950.640.99
0.960.370.860.950.910.850.750.580.150.44-0.30.560.950.920.820.39-0.650.920.930.840.870.530.950.720.96
0.790.280.670.790.780.630.430.01-0.150.45-0.490.420.790.790.590.34-0.60.80.750.690.80.210.640.720.67
0.910.280.880.910.880.860.750.530.270.47-0.180.520.910.90.810.39-0.640.840.930.90.880.380.990.960.67
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Long Yuan Account Relationship Matchups

Long Yuan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.4B62.5B67.0B66.7B57.8B60.7B
Other Current Liab6.6B6.4B8.2B2.6B2.2B3.7B
Total Current Liabilities34.7B32.3B35.8B34.8B28.6B17.1B
Total Stockholder Equity10.6B11.4B12.1B12.3B10.8B11.3B
Retained Earnings4.7B5.4B6.0B5.5B4.2B2.4B
Accounts Payable17.8B16.5B17.7B16.4B11.6B8.2B
Cash3.8B3.3B3.0B2.3B1.7B1.7B
Other Assets18.6B26.6B31.1B903.9M1.0B987.5M
Net Receivables12.9B3.7B4.5B4.4B5.1B5.8B
Inventory13.7B704.1M24.0M32.7M22.8M21.7M
Other Current Assets803.1M2.3B814.1M2.7B4.4B4.6B
Total Liab47.7B50.0B53.9B53.2B45.9B48.2B
Intangible Assets86.6M93.0M123.1M116.3M110.9M116.5M
Property Plant Equipment532.7M525.7M710.6M731.8M841.6M557.9M
Other Liab4.6M3.5M10.3M1.3M1.4M1.4M
Long Term Debt13.0B17.7B18.1B18.4B17.3B18.2B
Net Tangible Assets9.6B10.5B11.2B11.9B13.7B9.1B
Other Stockholder Equity357.8M367.3M412.3M506.3M582.3M353.1M
Deferred Long Term Liab8.6M16.7M15.6M11.1M12.7M12.3M
Short Long Term Debt4.0B4.7B4.4B3.6B3.6B3.4B
Total Current Assets31.3B29.7B54.4B50.6B32.1B37.4B
Non Current Assets Total28.1B32.8B12.6B16.0B25.8B20.2B
Non Currrent Assets Other10.5M7.3M10.5B14.0B23.5B24.7B
Non Current Liabilities Total13.0B17.7B18.1B18.4B17.3B13.6B
Net Debt13.2B19.0B19.5B19.7B19.2B16.2B
Net Invested Capital27.6B33.7B34.5B34.3B31.7B30.8B
Net Working Capital(3.4B)(2.6B)18.7B15.8B3.5B5.1B

Currently Active Assets on Macroaxis

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.