Xiamen Tax Provision vs Selling General Administrative Analysis

603180 Stock   20.20  0.24  1.20%   
Xiamen Goldenhome financial indicator trend analysis is more than just analyzing Xiamen Goldenhome current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Goldenhome is a good investment. Please check the relationship between Xiamen Goldenhome Tax Provision and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Goldenhome 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.

Tax Provision vs Selling General Administrative

Tax Provision vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen Goldenhome Tax Provision account and Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xiamen Goldenhome's Tax Provision and Selling General Administrative is 0.41. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Xiamen Goldenhome Co, assuming nothing else is changed. The correlation between historical values of Xiamen Goldenhome's Tax Provision and Selling General Administrative 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 Xiamen Goldenhome Co are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Tax Provision i.e., Xiamen Goldenhome's Tax Provision and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.41
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.

Selling General Administrative

Most indicators from Xiamen Goldenhome's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Goldenhome 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 Xiamen Goldenhome 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 Tax Provision is expected to grow to about 20.2 M, whereas Selling General Administrative is forecasted to decline to about 355.6 M.
 2021 2022 2023 2024 (projected)
Operating Income335.2M275.5M276.1M193.1M
Total Revenue3.4B3.6B3.6B2.0B

Xiamen Goldenhome fundamental ratios Correlations

0.181.00.990.940.990.880.860.990.920.980.880.120.990.950.980.990.960.990.880.990.850.930.730.930.74
0.180.220.230.40.240.430.480.26-0.050.220.30.270.11-0.020.10.260.310.230.210.17-0.130.360.410.150.58
1.00.221.00.941.00.910.860.990.910.970.910.110.980.930.981.00.970.990.860.990.860.930.740.940.77
0.990.231.00.951.00.910.870.990.90.970.910.150.970.920.970.990.971.00.860.990.860.940.750.940.79
0.940.40.940.950.960.920.860.960.790.940.840.320.910.870.870.960.960.940.780.910.710.910.810.870.87
0.990.241.01.00.960.920.880.990.910.970.910.160.980.930.961.00.970.990.870.990.850.940.760.930.79
0.880.430.910.910.920.920.940.910.760.850.960.150.840.760.830.910.920.90.780.870.810.960.850.930.85
0.860.480.860.870.860.880.940.850.790.830.920.170.830.750.790.880.840.860.870.860.730.960.830.890.72
0.990.260.990.990.960.990.910.850.870.970.90.130.970.910.970.990.970.990.830.970.840.930.710.930.81
0.92-0.050.910.90.790.910.760.790.870.860.82-0.040.930.910.90.90.810.90.940.930.860.840.580.880.57
0.980.220.970.970.940.970.850.830.970.860.820.120.980.950.950.970.960.980.820.960.780.910.740.880.73
0.880.30.910.910.840.910.960.920.90.820.820.080.840.750.870.90.870.90.80.890.90.960.740.970.75
0.120.270.110.150.320.160.150.170.13-0.040.120.080.080.170.060.170.150.14-0.050.13-0.030.10.310.080.22
0.990.110.980.970.910.980.840.830.970.930.980.840.080.980.970.980.940.980.880.980.840.90.70.910.67
0.95-0.020.930.920.870.930.760.750.910.910.950.750.170.980.920.930.890.930.820.940.80.820.690.850.57
0.980.10.980.970.870.960.830.790.970.90.950.870.060.970.920.960.930.980.820.980.890.90.630.920.68
0.990.261.00.990.961.00.910.880.990.90.970.90.170.980.930.960.970.990.870.990.830.940.760.930.78
0.960.310.970.970.960.970.920.840.970.810.960.870.150.940.890.930.970.970.780.940.790.910.820.890.82
0.990.230.991.00.940.990.90.860.990.90.980.90.140.980.930.980.990.970.860.990.850.940.730.930.77
0.880.210.860.860.780.870.780.870.830.940.820.8-0.050.880.820.820.870.780.860.880.720.840.620.820.6
0.990.170.990.990.910.990.870.860.970.930.960.890.130.980.940.980.990.940.990.880.870.930.710.930.71
0.85-0.130.860.860.710.850.810.730.840.860.780.9-0.030.840.80.890.830.790.850.720.870.850.590.950.53
0.930.360.930.940.910.940.960.960.930.840.910.960.10.90.820.90.940.910.940.840.930.850.80.970.78
0.730.410.740.750.810.760.850.830.710.580.740.740.310.70.690.630.760.820.730.620.710.590.80.720.62
0.930.150.940.940.870.930.930.890.930.880.880.970.080.910.850.920.930.890.930.820.930.950.970.720.72
0.740.580.770.790.870.790.850.720.810.570.730.750.220.670.570.680.780.820.770.60.710.530.780.620.72
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Xiamen Goldenhome Account Relationship Matchups

Xiamen Goldenhome fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B3.5B4.5B4.9B6.0B6.3B
Other Current Liab460.1M632.4M778.8M48.9M53.4M50.7M
Total Current Liabilities1.1B1.6B2.0B2.2B2.4B2.5B
Total Stockholder Equity1.2B1.8B2.4B2.6B2.8B2.9B
Other Liab41.5M36.4M61.6M52.0M59.8M62.8M
Retained Earnings680.1M912.0M1.2B1.3B1.4B1.4B
Accounts Payable520.6M729.9M748.3M834.1M835.7M485.6M
Cash661.9M467.9M760.0M596.5M788.2M422.8M
Other Assets104.6M118.5M253.4M287.4M330.6M347.1M
Net Receivables109.0M52.1M89.8M146.7M150.9M158.4M
Short Term Investments479.5M904.1M956.8M821.5M1.4B1.4B
Inventory242.9M299.3M471.1M528.1M498.4M258.8M
Other Current Assets35.1M61.9M78.6M42.5M41.8M72.2M
Total Liab1.5B1.7B2.1B2.3B3.2B3.4B
Intangible Assets124.3M125.2M126.6M180.6M294.4M309.1M
Common Stock67.5M67.2M103.3M154.4M177.5M186.4M
Property Plant Equipment683.8M851.1M1.1B1.5B1.7B1.8B
Net Tangible Assets1.1B1.7B2.3B2.3B2.7B2.8B
Other Stockholder Equity(82.5K)61.4M17.2M46.0M52.9M55.5M
Deferred Long Term Liab33.3M41.8M44.6M76.0M87.4M91.8M
Total Current Assets1.5B1.9B2.5B2.3B3.0B1.7B
Non Current Assets Total1.1B1.6B2.0B2.6B3.0B1.7B
Non Currrent Assets Other70.2M198.4M131.2M136.8M65.3M97.4M
Non Current Liabilities Total359.5M62.6M79.9M74.5M844.5M886.7M
Common Stock Shares Outstanding131.7M144.6M154.4M154.3M154.3M157.6M
Net Invested Capital1.6B2.0B2.7B3.3B4.2B2.5B
Net Working Capital425.7M294.4M459.7M64.3M619.8M356.0M
Capital Stock67.2M103.3M154.4M154.3M154.3M128.5M
Non Current Liabilities Other323.0M19.5M4.5M4.9M1.6M1.5M

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Other Information on Investing in Xiamen Stock

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