Fujian Net Income vs Tax Provision Analysis

603345 Stock

87.78 4.07 4.86%

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

Net Income vs Tax Provision

Net Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fujian Anjoy Foods Net Income account and Tax Provision. At this time, the significance of the direction appears to have totally related.

The correlation between Fujian Anjoy's Net Income and Tax Provision is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Fujian Anjoy Foods, assuming nothing else is changed. The correlation between historical values of Fujian Anjoy's Net 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 Net Income of Fujian Anjoy Foods 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 Net Income i.e., Fujian Anjoy's Net Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Fujian Anjoy Foods financial statement analysis. It represents the amount of money remaining after all of Fujian Anjoy Foods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 Fujian Anjoy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fujian Anjoy Foods 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 Fujian Anjoy Foods. 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 456.8 M, whereas Selling General Administrative is forecasted to decline to about 636.8 M.

	2021	2022	2023	2024 (projected)
Operating Income	781.6M	1.3B	1.8B	1.9B
Total Revenue	9.3B	12.2B	14.0B	14.7B

Operating Income Total Revenue

Fujian Anjoy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets
Total Assets		0.52	0.83	0.99	0.99	0.99	0.81	0.97	0.97	0.94	0.95	0.57	0.99	0.34	0.82	0.98	0.78	0.99	-0.25	0.99	0.91	0.89	0.59	0.87	0.71	0.91
Other Current Liab	0.52		0.75	0.45	0.56	0.52	0.73	0.43	0.52	0.57	0.4	0.36	0.58	0.36	0.75	0.49	0.66	0.58	0.4	0.41	0.51	0.19	0.52	0.54	0.7	0.53
Total Current Liabilities	0.83	0.75		0.78	0.85	0.84	0.99	0.74	0.84	0.83	0.73	0.62	0.87	0.47	0.99	0.8	0.93	0.87	0.1	0.75	0.91	0.6	0.68	0.91	0.75	0.9
Total Stockholder Equity	0.99	0.45	0.78		0.97	0.98	0.76	0.98	0.95	0.93	0.97	0.54	0.97	0.29	0.76	0.98	0.74	0.97	-0.33	1.0	0.9	0.9	0.52	0.86	0.68	0.91
Other Liab	0.99	0.56	0.85	0.97		0.99	0.84	0.93	0.97	0.94	0.95	0.51	1.0	0.33	0.83	0.98	0.78	0.99	-0.23	0.96	0.92	0.86	0.58	0.88	0.69	0.89
Retained Earnings	0.99	0.52	0.84	0.98	0.99		0.84	0.93	0.99	0.93	0.93	0.59	0.99	0.34	0.84	0.97	0.8	1.0	-0.19	0.97	0.91	0.88	0.64	0.86	0.66	0.88
Accounts Payable	0.81	0.73	0.99	0.76	0.84	0.84		0.69	0.85	0.82	0.71	0.6	0.86	0.45	0.99	0.79	0.93	0.87	0.13	0.72	0.9	0.58	0.7	0.88	0.68	0.86
Cash	0.97	0.43	0.74	0.98	0.93	0.93	0.69		0.89	0.9	0.96	0.52	0.92	0.27	0.7	0.95	0.69	0.92	-0.39	0.98	0.87	0.88	0.44	0.84	0.7	0.91
Other Assets	0.97	0.52	0.84	0.95	0.97	0.99	0.85	0.89		0.95	0.9	0.59	0.98	0.37	0.85	0.95	0.78	0.98	-0.17	0.94	0.91	0.84	0.73	0.84	0.64	0.88
Net Receivables	0.94	0.57	0.83	0.93	0.94	0.93	0.82	0.9	0.95		0.94	0.43	0.94	0.26	0.82	0.97	0.72	0.93	-0.31	0.91	0.93	0.72	0.63	0.85	0.65	0.9
Good Will	0.95	0.4	0.73	0.97	0.95	0.93	0.71	0.96	0.9	0.94		0.35	0.93	0.22	0.7	0.99	0.66	0.92	-0.5	0.96	0.9	0.83	0.41	0.85	0.63	0.88
Short Term Investments	0.57	0.36	0.62	0.54	0.51	0.59	0.6	0.52	0.59	0.43	0.35		0.55	0.33	0.66	0.43	0.74	0.58	0.34	0.54	0.54	0.54	0.66	0.48	0.42	0.61
Inventory	0.99	0.58	0.87	0.97	1.0	0.99	0.86	0.92	0.98	0.94	0.93	0.55		0.35	0.85	0.97	0.8	1.0	-0.18	0.96	0.91	0.86	0.62	0.88	0.7	0.89
Other Current Assets	0.34	0.36	0.47	0.29	0.33	0.34	0.45	0.27	0.37	0.26	0.22	0.33	0.35		0.51	0.26	0.45	0.36	0.11	0.27	0.33	0.4	0.57	0.44	0.75	0.35
Total Liab	0.82	0.75	0.99	0.76	0.83	0.84	0.99	0.7	0.85	0.82	0.7	0.66	0.85	0.51		0.78	0.92	0.86	0.15	0.73	0.9	0.59	0.76	0.88	0.74	0.88
Intangible Assets	0.98	0.49	0.8	0.98	0.98	0.97	0.79	0.95	0.95	0.97	0.99	0.43	0.97	0.26	0.78		0.73	0.96	-0.38	0.96	0.93	0.83	0.53	0.87	0.65	0.9
Common Stock	0.78	0.66	0.93	0.74	0.78	0.8	0.93	0.69	0.78	0.72	0.66	0.74	0.8	0.45	0.92	0.73		0.82	0.12	0.71	0.84	0.61	0.61	0.87	0.67	0.83
Property Plant Equipment	0.99	0.58	0.87	0.97	0.99	1.0	0.87	0.92	0.98	0.93	0.92	0.58	1.0	0.36	0.86	0.96	0.82		-0.15	0.95	0.91	0.86	0.64	0.87	0.68	0.88
Long Term Debt	-0.25	0.4	0.1	-0.33	-0.23	-0.19	0.13	-0.39	-0.17	-0.31	-0.5	0.34	-0.18	0.11	0.15	-0.38	0.12	-0.15		-0.35	-0.26	-0.34	0.28	-0.24	-0.05	-0.24
Net Tangible Assets	0.99	0.41	0.75	1.0	0.96	0.97	0.72	0.98	0.94	0.91	0.96	0.54	0.96	0.27	0.73	0.96	0.71	0.95	-0.35		0.89	0.92	0.5	0.84	0.66	0.9
Non Current Assets Total	0.91	0.51	0.91	0.9	0.92	0.91	0.9	0.87	0.91	0.93	0.9	0.54	0.91	0.33	0.9	0.93	0.84	0.91	-0.26	0.89		0.73	0.59	0.95	0.67	0.97
Non Currrent Assets Other	0.89	0.19	0.6	0.9	0.86	0.88	0.58	0.88	0.84	0.72	0.83	0.54	0.86	0.4	0.59	0.83	0.61	0.86	-0.34	0.92	0.73		0.44	0.73	0.6	0.74
Non Current Liabilities Total	0.59	0.52	0.68	0.52	0.58	0.64	0.7	0.44	0.73	0.63	0.41	0.66	0.62	0.57	0.76	0.53	0.61	0.64	0.28	0.5	0.59	0.44		0.48	0.51	0.57
Deferred Long Term Liab	0.87	0.54	0.91	0.86	0.88	0.86	0.88	0.84	0.84	0.85	0.85	0.48	0.88	0.44	0.88	0.87	0.87	0.87	-0.24	0.84	0.95	0.73	0.48		0.75	0.95
Short Long Term Debt	0.71	0.7	0.75	0.68	0.69	0.66	0.68	0.7	0.64	0.65	0.63	0.42	0.7	0.75	0.74	0.65	0.67	0.68	-0.05	0.66	0.67	0.6	0.51	0.75		0.73
Total Current Assets	0.91	0.53	0.9	0.91	0.89	0.88	0.86	0.91	0.88	0.9	0.88	0.61	0.89	0.35	0.88	0.9	0.83	0.88	-0.24	0.9	0.97	0.74	0.57	0.95	0.73

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Fujian Anjoy Account Relationship Matchups

Fujian Anjoy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.7B	7.1B	8.8B	16.2B	17.3B	18.2B
Other Current Liab	1.0B	639.2M	771.7M	1.1B	331.4M	553.3M
Total Current Liabilities	2.7B	2.5B	3.2B	3.9B	4.0B	2.1B
Total Stockholder Equity	2.7B	3.7B	5.1B	11.7B	12.6B	13.3B
Other Liab	196.0M	168.4M	331.1M	428.1M	492.4M	517.0M
Retained Earnings	1.4B	2.0B	2.5B	3.4B	4.2B	4.4B
Accounts Payable	1.2B	1.3B	1.7B	1.7B	1.9B	1.0B
Cash	755.8M	832.1M	1.1B	5.5B	5.0B	5.2B
Other Assets	89.9M	208.5M	224.0M	272.6M	313.5M	329.2M
Net Receivables	176.2M	349.7M	541.0M	736.8M	569.4M	597.8M
Inventory	1.7B	1.7B	2.4B	3.1B	3.6B	3.7B
Other Current Assets	106.3M	154.7M	180.0M	212.7M	187.6M	139.4M
Total Liab	2.9B	3.4B	3.6B	4.3B	4.4B	2.4B
Intangible Assets	149.5M	202.3M	500.1M	702.9M	682.7M	716.9M
Common Stock	236.4M	236.7M	244.4M	293.3M	337.3M	213.3M
Property Plant Equipment	2.0B	2.4B	3.2B	4.1B	4.7B	5.0B
Net Tangible Assets	2.6B	3.5B	4.1B	10.2B	11.7B	12.3B
Non Current Assets Total	2.4B	2.9B	4.4B	5.9B	6.9B	3.7B
Non Currrent Assets Other	19.2M	21.3M	21.2M	39.8M	79.1M	83.1M
Non Current Liabilities Total	196.0M	903.5M	477.3M	431.8M	393.8M	411.0M
Deferred Long Term Liab	21.3M	14.9M	28.6M	38.6M	44.3M	24.5M
Short Long Term Debt	340.1M	207.9M	256.3M	489.0M	325.4M	329.3M
Total Current Assets	3.3B	4.2B	4.4B	10.3B	10.4B	5.3B
Common Stock Shares Outstanding	230.1M	236.7M	244.4M	293.3M	337.3M	271.8M
Net Invested Capital	3.1B	4.6B	5.5B	12.2B	13.0B	6.8B
Net Working Capital	586.5M	1.6B	1.2B	6.4B	6.4B	6.7B
Capital Stock	236.4M	236.7M	244.4M	293.3M	337.3M	278.7M

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Other Information on Investing in Fujian Stock

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

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Fujian Net Income vs Tax Provision Analysis

Net Income vs Tax Provision

Net Income vs Tax Provision Correlation Analysis

Correlation Coefficient

Net Income

Tax Provision

Fujian Anjoy fundamental ratios Correlations

Fujian Anjoy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fujian Anjoy fundamental ratios Accounts

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Other Information on Investing in Fujian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Other Liab
Property Plant Equipment	+ 1.0	Retained Earnings
Property Plant Equipment	+ 1.0	Inventory
Total Stockholder Equity	+ 0.99	Total Assets
Other Liab	+ 0.99	Total Assets

Long Term Debt	- 0.5	Good Will
Long Term Debt	- 0.39	Cash
Long Term Debt	- 0.38	Intangible Assets
Net Tangible Assets	- 0.35	Long Term Debt
Non Currrent Assets Other	- 0.34	Long Term Debt
Long Term Debt	- 0.33	Total Stockholder Equity