Kweichow Net Income vs Tax Provision Analysis

600519 Stock   1,486  25.55  1.75%   
Kweichow Moutai financial indicator trend analysis is infinitely more than just investigating Kweichow Moutai recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kweichow Moutai is a good investment. Please check the relationship between Kweichow Moutai Net Income and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kweichow Moutai Co. 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.

Net Income vs Tax Provision

Net Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kweichow Moutai Net Income account and Tax Provision. At this time, the significance of the direction appears to have almost identical trend.
Net IncomeTax ProvisionDiversified AwayNet IncomeTax ProvisionDiversified Away100%
The correlation between Kweichow Moutai's Net Income and Tax Provision is 0.92. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Kweichow Moutai Co, assuming nothing else is changed. The correlation between historical values of Kweichow Moutai's Net Income 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 Net Income of Kweichow Moutai Co 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 Net Income i.e., Kweichow Moutai's Net Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Kweichow Moutai financial statement analysis. It represents the amount of money remaining after all of Kweichow Moutai Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 Kweichow Moutai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kweichow Moutai 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 Kweichow Moutai Co. 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 11.1 B, whereas Tax Provision is forecasted to decline to about 17.5 B.
 2022 2023 2024 2025 (projected)
Operating Income86.4B101.8B117.1B123.0B
Total Revenue127.6B150.6B173.1B181.8B

Kweichow Moutai fundamental ratios Correlations

0.160.951.00.990.960.610.93-0.280.98-0.490.950.960.530.92-0.180.910.23-0.71-0.580.940.78-0.060.090.86-0.58
0.160.40.10.27-0.080.22-0.070.070.00.050.40.00.440.230.30.20.57-0.420.420.22-0.23-0.150.53-0.170.42
0.950.40.930.950.860.70.81-0.240.9-0.511.00.880.610.91-0.050.850.38-0.77-0.450.890.64-0.070.250.72-0.45
1.00.10.930.980.970.580.95-0.280.98-0.470.930.960.510.91-0.210.910.19-0.69-0.60.930.81-0.050.050.88-0.6
0.990.270.950.980.920.560.91-0.260.94-0.440.960.930.540.91-0.160.930.27-0.73-0.50.940.74-0.090.130.83-0.5
0.96-0.080.860.970.920.590.96-0.260.99-0.50.860.980.440.89-0.250.850.04-0.56-0.690.870.84-0.02-0.10.92-0.69
0.610.220.70.580.560.590.5-0.140.63-0.370.70.590.520.690.080.430.31-0.38-0.380.490.370.390.240.41-0.38
0.93-0.070.810.950.910.960.5-0.330.95-0.430.820.930.370.83-0.450.87-0.05-0.51-0.640.870.870.11-0.220.95-0.64
-0.280.07-0.24-0.28-0.26-0.26-0.14-0.33-0.230.07-0.24-0.160.18-0.050.13-0.37-0.020.230.2-0.37-0.33-0.050.05-0.380.2
0.980.00.90.980.940.990.630.95-0.23-0.460.90.980.530.94-0.230.850.11-0.6-0.660.880.820.0-0.030.89-0.66
-0.490.05-0.51-0.47-0.44-0.5-0.37-0.430.07-0.46-0.51-0.530.06-0.320.19-0.43-0.180.510.38-0.48-0.41-0.02-0.15-0.390.38
0.950.41.00.930.960.860.70.82-0.240.9-0.510.880.60.91-0.050.860.38-0.77-0.450.90.64-0.070.250.72-0.45
0.960.00.880.960.930.980.590.93-0.160.98-0.530.880.490.92-0.240.840.09-0.58-0.640.860.8-0.03-0.040.88-0.64
0.530.440.610.510.540.440.520.370.180.530.060.60.490.730.190.470.35-0.29-0.010.490.36-0.090.250.25-0.01
0.920.230.910.910.910.890.690.83-0.050.94-0.320.910.920.73-0.090.760.24-0.6-0.530.790.65-0.040.110.73-0.53
-0.180.3-0.05-0.21-0.16-0.250.08-0.450.13-0.230.19-0.05-0.240.19-0.09-0.220.48-0.070.25-0.19-0.43-0.510.61-0.420.25
0.910.20.850.910.930.850.430.87-0.370.85-0.430.860.840.470.76-0.220.24-0.57-0.311.00.87-0.070.070.82-0.31
0.230.570.380.190.270.040.31-0.05-0.020.11-0.180.380.090.350.240.480.24-0.40.240.28-0.12-0.30.94-0.240.24
-0.71-0.42-0.77-0.69-0.73-0.56-0.38-0.510.23-0.60.51-0.77-0.58-0.29-0.6-0.07-0.57-0.40.5-0.62-0.240.21-0.42-0.420.5
-0.580.42-0.45-0.6-0.5-0.69-0.38-0.640.2-0.660.38-0.45-0.64-0.01-0.530.25-0.310.240.5-0.34-0.41-0.070.21-0.641.0
0.940.220.890.930.940.870.490.87-0.370.88-0.480.90.860.490.79-0.191.00.28-0.62-0.340.85-0.080.110.81-0.34
0.78-0.230.640.810.740.840.370.87-0.330.82-0.410.640.80.360.65-0.430.87-0.12-0.24-0.410.850.1-0.290.87-0.41
-0.06-0.15-0.07-0.05-0.09-0.020.390.11-0.050.0-0.02-0.07-0.03-0.09-0.04-0.51-0.07-0.30.21-0.07-0.080.1-0.360.05-0.07
0.090.530.250.050.13-0.10.24-0.220.05-0.03-0.150.25-0.040.250.110.610.070.94-0.420.210.11-0.29-0.36-0.370.21
0.86-0.170.720.880.830.920.410.95-0.380.89-0.390.720.880.250.73-0.420.82-0.24-0.42-0.640.810.870.05-0.37-0.64
-0.580.42-0.45-0.6-0.5-0.69-0.38-0.640.2-0.660.38-0.45-0.64-0.01-0.530.25-0.310.240.51.0-0.34-0.41-0.070.21-0.64
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Kweichow Moutai Account Relationship Matchups

Kweichow Moutai fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets213.4B255.2B254.4B272.7B313.6B329.3B
Other Current Liab34.9B45.5B34.9B1.8B2.1B2.0B
Total Current Liabilities45.7B57.9B49.1B48.7B56.0B58.8B
Total Stockholder Equity161.3B189.5B197.5B215.7B248.0B260.4B
Retained Earnings158.7B186.9B194.9B173.0B198.9B208.9B
Accounts Payable1.3B2.0B2.4B3.1B3.6B3.7B
Cash36.1B51.8B58.3B69.1B79.4B83.4B
Other Assets1.6B4.2B5.8B7.9B9.1B9.6B
Net Receivables1.5B33.2M20.9M60.4M69.4M66.0M
Inventory28.9B33.4B38.8B46.4B53.4B56.1B
Other Current Assets925.2M460.6M3.2B71.4M82.1M78.0M
Total Liab45.7B58.2B49.4B49.0B56.4B59.2B
Intangible Assets4.8B6.2B7.3B8.8B10.1B10.6B
Property Plant Equipment17.7B18.7B20.2B22.4B25.7B27.0B
Net Tangible Assets131.3B156.5B183.3B190.4B219.0B135.9B
Other Stockholder Equity(7.2M)(5.3M)(13.0M)(10.8M)(12.4M)(13.0M)
Deferred Long Term Liab158.3M147.7M139.3M190.5M171.5M136.9M
Total Current Assets185.7B220.8B216.6B225.2B258.9B172.6B
Non Current Assets Total27.7B34.4B37.8B47.5B54.7B32.8B
Non Currrent Assets Other(117.4B)20.1M2.1B109.6M98.6M103.5M
Non Current Liabilities Total1.5M296.5M334.4M345.6M397.4M417.3M
Net Invested Capital161.3B189.5B197.5B215.7B248.0B173.5B
Net Working Capital140.0B162.9B167.5B176.5B202.9B146.8B
Property Plant And Equipment Net18.7B20.2B22.4B22.4B25.7B22.3B
Property Plant And Equipment Gross27.6B30.3B22.4B22.4B20.1B20.5B

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Other Information on Investing in Kweichow Stock

Balance Sheet is a snapshot of the financial position of Kweichow Moutai at a specified time, usually calculated after every quarter, six months, or one year. Kweichow Moutai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kweichow Moutai 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 Kweichow currently owns. An asset can also be divided into two categories, current and non-current.