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 Total Other Income Expense Net and its Income Tax Expense 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Long Yuan Construction Total Other Income Expense Net account and
Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Long Yuan's Total Other Income Expense Net and Income Tax Expense is 0.74. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Income Tax Expense 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 Total Other Income Expense Net 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 Total Other Income Expense Net of Long Yuan Construction 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 Total Other Income Expense Net i.e., Long Yuan's Total Other Income Expense Net and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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)
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.