Jiangyin Tax Provision vs Net Income From Continuing Ops Analysis

603078 Stock   17.50  0.31  1.80%   
Jiangyin Jianghua financial indicator trend analysis is infinitely more than just investigating Jiangyin Jianghua recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangyin Jianghua is a good investment. Please check the relationship between Jiangyin Jianghua Tax Provision and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangyin Jianghua Microelectronics. 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.

Tax Provision vs Net Income From Continuing Ops

Tax Provision vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangyin Jianghua Tax Provision account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jiangyin Jianghua's Tax Provision and Net Income From Continuing Ops is 0.48. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Jiangyin Jianghua Microelectronics, assuming nothing else is changed. The correlation between historical values of Jiangyin Jianghua's Tax Provision and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Jiangyin Jianghua Microelectronics are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Tax Provision i.e., Jiangyin Jianghua's Tax Provision and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Net Income From Continuing Ops

Most indicators from Jiangyin Jianghua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangyin Jianghua 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 Jiangyin Jianghua Microelectronics. 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 Tax Provision is expected to grow to about 18.1 M, whereas Selling General Administrative is forecasted to decline to about 30.7 M.
 2022 2023 2024 2025 (projected)
Gross Profit260.6M268.3M308.6M189.4M
Total Revenue939.2M1.0B1.2B671.9M

Jiangyin Jianghua fundamental ratios Correlations

0.080.920.990.650.990.990.80.940.980.440.440.90.890.910.970.540.950.160.970.850.860.920.990.820.99
0.080.240.05-0.420.05-0.010.080.070.150.380.410.23-0.290.15-0.12-0.170.210.47-0.010.140.15-0.070.12-0.190.11
0.920.240.870.450.860.870.920.770.970.650.640.980.770.860.850.360.970.440.80.870.830.810.960.630.94
0.990.050.870.661.00.990.730.950.950.410.40.860.90.860.980.50.890.070.980.840.880.920.960.860.96
0.65-0.420.450.660.670.720.330.690.56-0.31-0.320.340.860.530.740.40.5-0.410.730.270.260.670.640.870.67
0.990.050.861.00.670.990.720.960.950.380.380.850.90.860.980.50.890.070.990.820.860.90.960.870.96
0.99-0.010.870.990.720.990.730.950.950.370.340.850.930.850.990.50.90.030.980.830.840.940.960.890.97
0.80.080.920.730.330.720.730.580.880.670.690.930.660.840.720.440.920.610.650.80.760.70.850.40.82
0.940.070.770.950.690.960.950.580.880.240.250.750.830.840.940.610.83-0.070.980.760.760.890.90.880.92
0.980.150.970.950.560.950.950.880.880.550.540.960.840.920.930.490.980.310.910.880.870.890.990.740.98
0.440.380.650.41-0.310.380.370.670.240.550.970.720.20.410.340.00.560.710.270.740.730.350.450.030.42
0.440.410.640.4-0.320.380.340.690.250.540.970.710.160.450.330.10.580.810.270.690.710.260.46-0.020.41
0.90.230.980.860.340.850.850.930.750.960.720.710.710.840.830.410.950.470.780.930.890.80.930.560.9
0.89-0.290.770.90.860.90.930.660.830.840.20.160.710.710.960.380.77-0.110.90.660.680.870.880.930.88
0.910.150.860.860.530.860.850.840.840.920.410.450.840.710.820.730.960.360.860.750.720.820.920.590.92
0.97-0.120.850.980.740.980.990.720.940.930.340.330.830.960.820.50.870.00.970.810.820.910.950.90.95
0.54-0.170.360.50.40.50.50.440.610.490.00.10.410.380.730.50.540.070.580.440.370.520.50.310.52
0.950.210.970.890.50.890.90.920.830.980.560.580.950.770.960.870.540.420.850.850.810.840.970.630.96
0.160.470.440.07-0.410.070.030.61-0.070.310.710.810.47-0.110.360.00.070.42-0.030.290.3-0.070.25-0.360.18
0.97-0.010.80.980.730.990.980.650.980.910.270.270.780.90.860.970.580.85-0.030.760.810.910.930.890.95
0.850.140.870.840.270.820.830.80.760.880.740.690.930.660.750.810.440.850.290.760.930.840.830.570.83
0.860.150.830.880.260.860.840.760.760.870.730.710.890.680.720.820.370.810.30.810.930.790.820.590.81
0.92-0.070.810.920.670.90.940.70.890.890.350.260.80.870.820.910.520.84-0.070.910.840.790.880.820.93
0.990.120.960.960.640.960.960.850.90.990.450.460.930.880.920.950.50.970.250.930.830.820.880.780.99
0.82-0.190.630.860.870.870.890.40.880.740.03-0.020.560.930.590.90.310.63-0.360.890.570.590.820.780.81
0.990.110.940.960.670.960.970.820.920.980.420.410.90.880.920.950.520.960.180.950.830.810.930.990.81
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Jiangyin Jianghua Account Relationship Matchups

Jiangyin Jianghua fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.0B2.2B2.9B2.7B3.1B1.9B
Other Current Liab176.8M6.1M3.9M10.3K11.9K11.3K
Total Current Liabilities541.5M679.3M437.5M523.7M602.3M402.9M
Total Stockholder Equity1.1B1.2B1.6B1.6B1.9B1.1B
Other Liab17.8M17.6M23.1M26.8M30.9M22.7M
Net Tangible Assets708.2M1.0B1.1B1.6B1.8B954.8M
Retained Earnings404.2M442.7M530.8M535.8M616.2M439.5M
Accounts Payable173.1M375.4M210.6M166.8M191.8M177.0M
Cash550.9M292.7M998.6M845.2M972.0M492.5M
Non Current Assets Total1.2B1.5B1.4B1.4B1.6B993.1M
Non Currrent Assets Other117.2M114.7M8.6M40.9M47.0M74.1M
Other Assets146.5M122.3M125.0M35.2M40.5M38.5M
Long Term Debt314.0M392.7M274.4M280.3M322.4M242.6M
Net Receivables183.6M310.3M309.7M365.7M420.5M274.1M
Non Current Liabilities Total331.6M415.8M595.4M308.5M354.7M276.5M
Inventory30.5M50.3M68.2M75.6M87.0M43.9M
Other Current Assets3.7M5.6M16.4M4.4M5.1M6.4M
Total Liab873.1M1.1B1.0B832.2M957.0M679.4M
Short Long Term Debt175.2M235.2M70.1M5.0M4.5M4.3M
Total Current Assets803.9M773.7M1.5B1.3B1.5B880.3M
Intangible Assets84.3M83.5M85.6M85.7M98.5M83.8M
Common Stock109.2M150.7M196.0M296.6M341.1M358.2M
Property Plant Equipment516.9M977.8M1.3B1.3B1.5B746.7M
Net Invested Capital1.6B1.8B2.0B1.9B2.2B1.6B
Net Working Capital262.4M94.4M1.0B791.0M909.7M509.2M
Capital Stock150.7M196.0M296.6M385.6M443.5M224.1M
Property Plant And Equipment Net977.8M1.3B1.3B1.2B1.4B1.2B
Property Plant And Equipment Gross1.2B1.5B1.3B1.2B1.4B1.3B

Currently Active Assets on Macroaxis

Other Information on Investing in Jiangyin Stock

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