Tangshan Operating Income vs Tax Provision Analysis

601000 Stock

4.52 0.13 2.96%

Tangshan Port financial indicator trend analysis is much more than just breaking down Tangshan Port Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tangshan Port Group is a good investment. Please check the relationship between Tangshan Port Operating Income and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tangshan Port Group. 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.

Operating Income vs Tax Provision

Operating Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tangshan Port Group Operating Income account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tangshan Port's Operating Income and Tax Provision is 0.7. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Tangshan Port Group, assuming nothing else is changed. The correlation between historical values of Tangshan Port's Operating 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 Operating Income of Tangshan Port Group 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 Operating Income i.e., Tangshan Port's Operating Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Tangshan Port Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Tangshan Port Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 Tangshan Port's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tangshan Port Group 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 Tangshan Port Group. 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 140.8 M, whereas Tax Provision is forecasted to decline to about 433.7 M.

	2022	2023	2024	2025 (projected)
Operating Income	1.7B	2.0B	2.3B	1.6B
Total Revenue	5.6B	5.8B	6.7B	6.6B

Operating Income Total Revenue

Tangshan Port fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Current Liabilities Total
Total Assets		0.35	0.38	0.96	0.87	0.96	-0.37	0.87	0.64	-0.57	0.33	0.18	0.16	-0.01	0.97	0.96	0.77	0.87	0.5	-0.01	0.92	-0.73	0.85	-0.73	0.74	-0.34
Other Current Liab	0.35		0.73	0.22	0.08	0.25	-0.24	0.1	-0.38	0.02	0.87	0.47	0.63	0.55	0.47	0.3	0.59	-0.03	-0.48	-0.68	0.31	-0.03	0.16	-0.03	-0.07	0.45
Total Current Liabilities	0.38	0.73		0.14	-0.01	0.17	0.23	-0.04	-0.26	0.26	0.76	0.66	0.7	0.85	0.47	0.21	0.83	-0.06	-0.36	-0.74	0.22	-0.06	0.1	-0.06	0.09	0.47
Total Stockholder Equity	0.96	0.22	0.14		0.94	0.98	-0.52	0.95	0.74	-0.73	0.17	-0.01	-0.02	-0.27	0.91	0.98	0.58	0.95	0.61	0.15	0.95	-0.79	0.9	-0.79	0.75	-0.49
Other Liab	0.87	0.08	-0.01	0.94		0.93	-0.49	0.92	0.75	-0.72	-0.06	-0.03	-0.02	-0.35	0.8	0.93	0.45	0.96	0.59	0.15	0.89	-0.73	0.88	-0.73	0.78	-0.52
Retained Earnings	0.96	0.25	0.17	0.98	0.93		-0.52	0.95	0.74	-0.71	0.16	0.0	-0.03	-0.23	0.91	0.96	0.59	0.93	0.59	0.13	0.92	-0.79	0.91	-0.79	0.69	-0.53
Accounts Payable	-0.37	-0.24	0.23	-0.52	-0.49	-0.52		-0.59	-0.42	0.84	-0.04	0.42	0.31	0.61	-0.36	-0.51	0.05	-0.53	-0.33	-0.07	-0.55	0.51	-0.63	0.51	-0.23	0.39
Cash	0.87	0.1	-0.04	0.95	0.92	0.95	-0.59		0.8	-0.78	-0.02	-0.19	-0.19	-0.42	0.79	0.92	0.4	0.95	0.69	0.33	0.9	-0.84	0.92	-0.84	0.63	-0.64
Other Assets	0.64	-0.38	-0.26	0.74	0.75	0.74	-0.42	0.8		-0.74	-0.36	-0.4	-0.49	-0.58	0.54	0.67	0.17	0.87	0.95	0.52	0.67	-0.72	0.79	-0.72	0.66	-0.76
Long Term Debt	-0.57	0.02	0.26	-0.73	-0.72	-0.71	0.84	-0.78	-0.74		0.14	0.5	0.45	0.72	-0.52	-0.67	-0.06	-0.81	-0.66	-0.22	-0.73	0.77	-0.8	0.77	-0.56	0.65
Net Receivables	0.33	0.87	0.76	0.17	-0.06	0.16	-0.04	-0.02	-0.36	0.14		0.54	0.62	0.6	0.46	0.22	0.6	-0.1	-0.37	-0.59	0.25	0.02	0.06	0.02	-0.03	0.54
Inventory	0.18	0.47	0.66	-0.01	-0.03	0.0	0.42	-0.19	-0.4	0.5	0.54		0.84	0.76	0.27	0.08	0.6	-0.19	-0.46	-0.58	-0.01	0.19	-0.16	0.19	0.07	0.68
Other Current Assets	0.16	0.63	0.7	-0.02	-0.02	-0.03	0.31	-0.19	-0.49	0.45	0.62	0.84		0.76	0.3	0.13	0.54	-0.18	-0.55	-0.73	0.1	0.22	-0.11	0.22	0.06	0.75
Total Liab	-0.01	0.55	0.85	-0.27	-0.35	-0.23	0.61	-0.42	-0.58	0.72	0.6	0.76	0.76		0.08	-0.18	0.57	-0.46	-0.63	-0.66	-0.22	0.37	-0.34	0.37	-0.24	0.67
Intangible Assets	0.97	0.47	0.47	0.91	0.8	0.91	-0.36	0.79	0.54	-0.52	0.46	0.27	0.3	0.08		0.93	0.79	0.79	0.4	-0.13	0.9	-0.65	0.78	-0.65	0.7	-0.2
Common Stock	0.96	0.3	0.21	0.98	0.93	0.96	-0.51	0.92	0.67	-0.67	0.22	0.08	0.13	-0.18	0.93		0.62	0.92	0.53	0.02	0.98	-0.77	0.9	-0.77	0.75	-0.36
Property Plant Equipment	0.77	0.59	0.83	0.58	0.45	0.59	0.05	0.4	0.17	-0.06	0.6	0.6	0.54	0.57	0.79	0.62		0.4	0.05	-0.46	0.57	-0.35	0.43	-0.35	0.53	0.17
Net Tangible Assets	0.87	-0.03	-0.06	0.95	0.96	0.93	-0.53	0.95	0.87	-0.81	-0.1	-0.19	-0.18	-0.46	0.79	0.92	0.4		0.75	0.27	0.92	-0.83	0.93	-0.83	0.8	-0.63
Other Stockholder Equity	0.5	-0.48	-0.36	0.61	0.59	0.59	-0.33	0.69	0.95	-0.66	-0.37	-0.46	-0.55	-0.63	0.4	0.53	0.05	0.75		0.63	0.55	-0.63	0.65	-0.63	0.59	-0.71
Deferred Long Term Liab	-0.01	-0.68	-0.74	0.15	0.15	0.13	-0.07	0.33	0.52	-0.22	-0.59	-0.58	-0.73	-0.66	-0.13	0.02	-0.46	0.27	0.63		-0.03	-0.14	0.1	-0.14	0.03	-0.68
Long Term Investments	0.92	0.31	0.22	0.95	0.89	0.92	-0.55	0.9	0.67	-0.73	0.25	-0.01	0.1	-0.22	0.9	0.98	0.57	0.92	0.55	-0.03		-0.8	0.92	-0.8	0.75	-0.34
Short Long Term Debt	-0.73	-0.03	-0.06	-0.79	-0.73	-0.79	0.51	-0.84	-0.72	0.77	0.02	0.19	0.22	0.37	-0.65	-0.77	-0.35	-0.83	-0.63	-0.14	-0.8		-0.87	1.0	-0.56	0.62
Total Current Assets	0.85	0.16	0.1	0.9	0.88	0.91	-0.63	0.92	0.79	-0.8	0.06	-0.16	-0.11	-0.34	0.78	0.9	0.43	0.93	0.65	0.1	0.92	-0.87		-0.87	0.62	-0.56
Short Term Debt	-0.73	-0.03	-0.06	-0.79	-0.73	-0.79	0.51	-0.84	-0.72	0.77	0.02	0.19	0.22	0.37	-0.65	-0.77	-0.35	-0.83	-0.63	-0.14	-0.8	1.0	-0.87		-0.56	0.62
Non Current Assets Total	0.74	-0.07	0.09	0.75	0.78	0.69	-0.23	0.63	0.66	-0.56	-0.03	0.07	0.06	-0.24	0.7	0.75	0.53	0.8	0.59	0.03	0.75	-0.56	0.62	-0.56		-0.25
Non Current Liabilities Total	-0.34	0.45	0.47	-0.49	-0.52	-0.53	0.39	-0.64	-0.76	0.65	0.54	0.68	0.75	0.67	-0.2	-0.36	0.17	-0.63	-0.71	-0.68	-0.34	0.62	-0.56	0.62	-0.25

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Tangshan Port Account Relationship Matchups

Tangshan Port fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	24.6B	23.7B	23.3B	23.8B	27.4B	20.2B
Other Current Liab	2.1B	1.5B	1.4B	23.8M	27.3M	26.0M
Total Current Liabilities	4.1B	3.3B	2.1B	1.7B	2.0B	3.6B
Total Stockholder Equity	18.4B	18.5B	19.2B	20.0B	23.0B	13.7B
Other Liab	615.8M	686.3M	634.6M	653.1M	751.0M	400.6M
Retained Earnings	8.8B	8.8B	9.3B	8.3B	9.6B	5.8B
Accounts Payable	399.7M	193.9M	213.9M	884.4M	796.0M	761.7M
Cash	5.1B	5.3B	6.8B	5.6B	6.5B	3.6B
Other Assets	230.8M	378.8M	643.2M	806.6M	927.5M	973.9M
Net Receivables	458.1M	910.0M	387.0M	250.1M	287.6M	273.2M
Inventory	218.0M	105.5M	103.5M	87.1M	100.2M	95.2M
Other Current Assets	274.6M	110.8M	97.1M	32.1M	37.0M	35.1M
Total Liab	4.9B	3.9B	2.8B	2.4B	2.2B	3.9B
Intangible Assets	1.9B	1.6B	1.7B	1.7B	1.9B	1.3B
Property Plant Equipment	13.2B	12.6B	9.9B	9.4B	10.8B	11.2B
Net Tangible Assets	15.2B	16.6B	16.9B	17.5B	20.1B	15.7B
Other Stockholder Equity	53.9M	33.0M	115.7M	227.5M	261.7M	274.7M
Deferred Long Term Liab	10.6M	13.9M	23.6M	34.0M	39.1M	21.7M
Total Current Assets	7.1B	8.7B	8.1B	6.7B	7.6B	7.3B
Non Current Assets Total	17.5B	15.1B	15.2B	17.2B	19.8B	17.9B
Non Currrent Assets Other	181.1M	429.1M	584.1M	2.9B	3.3B	3.5B
Non Current Liabilities Total	819.8M	636.6M	654.7M	663.0M	596.7M	904.3M
Net Invested Capital	18.6B	18.5B	19.2B	20.0B	23.0B	20.1B
Net Working Capital	3.0B	5.4B	6.0B	4.9B	5.6B	3.8B
Property Plant And Equipment Net	12.6B	9.9B	9.4B	8.8B	7.9B	8.6B
Property Plant And Equipment Gross	18.9B	15.9B	9.4B	8.8B	7.9B	11.5B

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Other Information on Investing in Tangshan Stock

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

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Tangshan Operating Income vs Tax Provision Analysis

Operating Income vs Tax Provision

Operating Income vs Tax Provision Correlation Analysis

Correlation Coefficient

Operating Income

Tax Provision

Tangshan Port fundamental ratios Correlations

Tangshan Port Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tangshan Port fundamental ratios Accounts

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Other Information on Investing in Tangshan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Debt	+ 1.0	Short Long Term Debt
Retained Earnings	+ 0.98	Total Stockholder Equity
Common Stock	+ 0.98	Total Stockholder Equity
Long Term Investments	+ 0.98	Common Stock
Intangible Assets	+ 0.97	Total Assets
Total Stockholder Equity	+ 0.96	Total Assets

Short Term Debt	- 0.87	Total Current Assets
Total Current Assets	- 0.87	Short Long Term Debt
Short Term Debt	- 0.84	Cash
Short Long Term Debt	- 0.84	Cash
Short Term Debt	- 0.83	Net Tangible Assets
Short Long Term Debt	- 0.83	Net Tangible Assets