Yonghui Income Before Tax vs Tax Provision Analysis

601933 Stock

5.04 0.46 10.04%

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

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yonghui Superstores Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Yonghui Superstores' Income Before Tax and Tax Provision is 0.95. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Yonghui Superstores Co, assuming nothing else is changed. The correlation between historical values of Yonghui Superstores' Income Before Tax 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 Income Before Tax of Yonghui Superstores 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 Income Before Tax i.e., Yonghui Superstores' Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Yonghui Superstores income statement and is an important metric when analyzing Yonghui Superstores 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.

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 Yonghui Superstores' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yonghui Superstores 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 Yonghui Superstores 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 nation.

The current year's Selling General Administrative is expected to grow to about 8.1 B. The current year's Tax Provision is expected to grow to about 164.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	17.0B	17.7B	16.7B	16.6B
Minority Interest	550.7M	236.5M	135.7M	200.2M

Gross Profit Minority Interest

Yonghui Superstores fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Long Term Debt	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.77	0.97	0.48	-0.29	0.97	0.87	0.86	0.18	0.44	0.96	0.9	0.88	0.93	0.81	0.65	0.71	0.73	0.34	-0.04	0.88	0.91	0.86	0.88	-0.67	0.64
Other Current Liab	0.77		0.82	0.55	0.25	0.81	0.75	0.43	0.36	0.31	0.82	0.88	0.51	0.74	0.46	0.13	0.66	0.67	0.51	0.35	0.53	0.62	0.75	0.52	-0.39	0.17
Total Current Liabilities	0.97	0.82		0.47	-0.19	0.97	0.86	0.82	0.25	0.31	0.98	0.92	0.85	0.91	0.74	0.56	0.82	0.64	0.5	0.01	0.9	0.91	0.89	0.83	-0.66	0.53
Total Stockholder Equity	0.48	0.55	0.47		0.49	0.61	0.65	0.42	0.61	0.67	0.59	0.67	0.15	0.45	0.7	-0.12	0.5	0.58	0.47	0.74	0.42	0.41	0.67	0.06	-0.18	-0.21
Retained Earnings	-0.29	0.25	-0.19	0.49		-0.13	-0.03	-0.51	0.49	0.1	-0.12	0.06	-0.65	-0.23	-0.25	-0.88	0.05	-0.08	0.35	0.9	-0.39	-0.3	-0.07	-0.67	0.45	-0.89
Accounts Payable	0.97	0.81	0.97	0.61	-0.13		0.87	0.84	0.35	0.47	0.99	0.93	0.8	0.9	0.83	0.52	0.75	0.73	0.49	0.12	0.88	0.9	0.89	0.77	-0.61	0.48
Cash	0.87	0.75	0.86	0.65	-0.03	0.87		0.72	0.12	0.33	0.86	0.85	0.69	0.91	0.78	0.4	0.83	0.71	0.38	0.19	0.71	0.69	0.87	0.64	-0.58	0.38
Other Assets	0.86	0.43	0.82	0.42	-0.51	0.84	0.72		0.11	0.43	0.82	0.72	0.91	0.79	0.9	0.81	0.6	0.56	0.24	-0.24	0.91	0.83	0.79	0.83	-0.71	0.73
Net Receivables	0.18	0.36	0.25	0.61	0.49	0.35	0.12	0.11		0.44	0.4	0.36	-0.07	-0.03	0.28	-0.3	0.11	0.22	0.75	0.65	0.24	0.27	0.35	-0.12	0.05	-0.36
Short Term Investments	0.44	0.31	0.31	0.67	0.1	0.47	0.33	0.43	0.44		0.42	0.51	0.25	0.3	0.65	0.17	0.07	0.55	-0.04	0.37	0.38	0.46	0.44	0.23	0.08	0.13
Inventory	0.96	0.82	0.98	0.59	-0.12	0.99	0.86	0.82	0.4	0.42		0.92	0.8	0.87	0.8	0.5	0.76	0.71	0.56	0.12	0.88	0.89	0.9	0.76	-0.61	0.47
Other Current Assets	0.9	0.88	0.92	0.67	0.06	0.93	0.85	0.72	0.36	0.51	0.92		0.71	0.85	0.75	0.4	0.72	0.64	0.48	0.27	0.77	0.8	0.91	0.68	-0.54	0.36
Total Liab	0.88	0.51	0.85	0.15	-0.65	0.8	0.69	0.91	-0.07	0.25	0.8	0.71		0.82	0.73	0.91	0.57	0.55	0.16	-0.44	0.86	0.81	0.75	0.98	-0.74	0.89
Intangible Assets	0.93	0.74	0.91	0.45	-0.23	0.9	0.91	0.79	-0.03	0.3	0.87	0.85	0.82		0.75	0.58	0.77	0.7	0.25	-0.05	0.78	0.79	0.8	0.8	-0.66	0.57
Common Stock	0.81	0.46	0.74	0.7	-0.25	0.83	0.78	0.9	0.28	0.65	0.8	0.75	0.73	0.75		0.59	0.59	0.67	0.27	0.12	0.84	0.78	0.83	0.65	-0.58	0.5
Property Plant Equipment	0.65	0.13	0.56	-0.12	-0.88	0.52	0.4	0.81	-0.3	0.17	0.5	0.4	0.91	0.58	0.59		0.25	0.32	-0.15	-0.71	0.68	0.6	0.45	0.9	-0.64	0.98
Other Liab	0.71	0.66	0.82	0.5	0.05	0.75	0.83	0.6	0.11	0.07	0.76	0.72	0.57	0.77	0.59	0.25		0.44	0.54	0.2	0.75	0.72	0.82	0.51	-0.55	0.19
Long Term Debt	0.73	0.67	0.64	0.58	-0.08	0.73	0.71	0.56	0.22	0.55	0.71	0.64	0.55	0.7	0.67	0.32	0.44		0.2	0.15	0.52	0.58	0.64	0.53	-0.39	0.37
Good Will	0.34	0.51	0.5	0.47	0.35	0.49	0.38	0.24	0.75	-0.04	0.56	0.48	0.16	0.25	0.27	-0.15	0.54	0.2		0.44	0.43	0.38	0.55	0.11	-0.36	-0.2
Net Tangible Assets	-0.04	0.35	0.01	0.74	0.9	0.12	0.19	-0.24	0.65	0.37	0.12	0.27	-0.44	-0.05	0.12	-0.71	0.2	0.15	0.44		-0.09	-0.02	0.22	-0.47	0.26	-0.74
Deferred Long Term Liab	0.88	0.53	0.9	0.42	-0.39	0.88	0.71	0.91	0.24	0.38	0.88	0.77	0.86	0.78	0.84	0.68	0.75	0.52	0.43	-0.09		0.96	0.85	0.83	-0.69	0.61
Long Term Investments	0.91	0.62	0.91	0.41	-0.3	0.9	0.69	0.83	0.27	0.46	0.89	0.8	0.81	0.79	0.78	0.6	0.72	0.58	0.38	-0.02	0.96		0.81	0.82	-0.59	0.56
Total Current Assets	0.86	0.75	0.89	0.67	-0.07	0.89	0.87	0.79	0.35	0.44	0.9	0.91	0.75	0.8	0.83	0.45	0.82	0.64	0.55	0.22	0.85	0.81		0.68	-0.62	0.4
Non Current Assets Total	0.88	0.52	0.83	0.06	-0.67	0.77	0.64	0.83	-0.12	0.23	0.76	0.68	0.98	0.8	0.65	0.9	0.51	0.53	0.11	-0.47	0.83	0.82	0.68		-0.72	0.91
Non Currrent Assets Other	-0.67	-0.39	-0.66	-0.18	0.45	-0.61	-0.58	-0.71	0.05	0.08	-0.61	-0.54	-0.74	-0.66	-0.58	-0.64	-0.55	-0.39	-0.36	0.26	-0.69	-0.59	-0.62	-0.72		-0.62
Non Current Liabilities Total	0.64	0.17	0.53	-0.21	-0.89	0.48	0.38	0.73	-0.36	0.13	0.47	0.36	0.89	0.57	0.5	0.98	0.19	0.37	-0.2	-0.74	0.61	0.56	0.4	0.91	-0.62

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Yonghui Superstores Account Relationship Matchups

Yonghui Superstores fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.4B	56.2B	71.3B	62.1B	52.1B	30.9B
Other Current Liab	6.8B	7.7B	7.9B	6.4B	563.9M	535.8M
Total Current Liabilities	31.5B	34.9B	34.1B	29.1B	24.7B	15.4B
Total Stockholder Equity	20.1B	19.4B	10.7B	7.5B	5.9B	10.4B
Retained Earnings	4.4B	4.9B	(2.7B)	(6.8B)	(8.1B)	(7.7B)
Accounts Payable	13.0B	12.5B	12.6B	12.2B	9.8B	6.8B
Cash	7.1B	12.0B	9.2B	7.6B	5.8B	4.8B
Other Assets	3.9B	4.6B	4.7B	5.2B	5.9B	6.2B
Net Receivables	6.3B	447.4M	477.0M	530.6M	421.7M	400.7M
Short Term Investments	1.0B	241.4M	1.6B	890.8M	736.0M	1.0B
Inventory	12.3B	10.9B	10.8B	10.5B	8.3B	5.9B
Other Current Assets	4.3B	4.6B	5.4B	2.9B	2.0B	2.2B
Total Liab	31.9B	35.8B	60.2B	54.5B	46.1B	48.4B
Intangible Assets	812.4M	1.6B	1.5B	1.3B	1.0B	628.1M
Property Plant Equipment	5.3B	5.5B	27.0B	23.9B	27.5B	28.9B
Other Liab	244.2M	411.6M	871.5M	294.9M	339.1M	223.2M
Net Tangible Assets	19.0B	17.6B	9.1B	6.1B	5.5B	5.3B
Deferred Long Term Liab	3.3B	3.7B	3.7B	3.5B	4.0B	3.4B
Total Current Assets	31.1B	33.2B	28.7B	24.5B	19.0B	26.1B
Non Current Assets Total	21.3B	23.0B	42.6B	37.6B	33.0B	26.8B
Non Current Liabilities Total	411.6M	871.5M	26.1B	25.4B	21.4B	22.5B
Other Stockholder Equity	1.5M	(584.1K)	1.5M	440.3K	506.3K	732.7K
Non Current Liabilities Other	6.8M	123.7M	3.6M	7.4M	84.7M	89.0M
Net Invested Capital	30.9B	33.2B	22.6B	16.1B	11.4B	18.0B
Net Working Capital	(420.9M)	(1.7B)	(5.4B)	(4.5B)	(5.7B)	(5.4B)
Short Long Term Debt	10.8B	13.9B	10.9B	6.5B	5.1B	6.8B

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Other Information on Investing in Yonghui Stock

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

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Yonghui Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

Yonghui Superstores fundamental ratios Correlations

Yonghui Superstores Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Yonghui Superstores fundamental ratios Accounts

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Other Information on Investing in Yonghui Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 0.99	Accounts Payable
Inventory	+ 0.98	Total Current Liabilities
Non Current Assets Total	+ 0.98	Total Liab
Non Current Liabilities Total	+ 0.98	Property Plant Equipment
Total Current Liabilities	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Total Assets

Non Current Liabilities Total	- 0.89	Retained Earnings
Property Plant Equipment	- 0.88	Retained Earnings
Non Current Liabilities Total	- 0.74	Net Tangible Assets
Non Currrent Assets Other	- 0.74	Total Liab
Non Currrent Assets Other	- 0.72	Non Current Assets Total
Net Tangible Assets	- 0.71	Property Plant Equipment