601958 Stock | | | 10.51 0.06 0.57% |
Jinduicheng Molybdenum financial indicator trend analysis is infinitely more than just investigating Jinduicheng Molybdenum recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinduicheng Molybdenum is a good investment. Please check the relationship between Jinduicheng Molybdenum Total Revenue and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jinduicheng Molybdenum 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.
Total Revenue vs Tax Provision
Total Revenue vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jinduicheng Molybdenum Total Revenue account and
Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jinduicheng Molybdenum's Total Revenue and Tax Provision is 0.43. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Jinduicheng Molybdenum Co, assuming nothing else is changed. The correlation between historical values of Jinduicheng Molybdenum's Total Revenue 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 Total Revenue of Jinduicheng Molybdenum 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 Total Revenue i.e., Jinduicheng Molybdenum's Total Revenue and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Jinduicheng Molybdenum generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary 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 Jinduicheng Molybdenum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinduicheng Molybdenum 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 Jinduicheng Molybdenum 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 220.6
M. The current year's Tax Provision is expected to grow to about 644.7
MJinduicheng Molybdenum fundamental ratios Correlations
Click cells to compare fundamentals
Jinduicheng Molybdenum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jinduicheng Molybdenum fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Jinduicheng Stock
Balance Sheet is a snapshot of the
financial position of Jinduicheng Molybdenum at a specified time, usually calculated after every quarter, six months, or one year. Jinduicheng Molybdenum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jinduicheng Molybdenum 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 Jinduicheng currently owns. An asset can also be divided into two categories, current and non-current.