603919 Stock | | | 20.58 0.16 0.78% |
Jinhui Liquor financial indicator trend analysis is infinitely more than just investigating Jinhui Liquor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinhui Liquor is a good investment. Please check the relationship between Jinhui Liquor Income Tax Expense 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 Jinhui Liquor 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 board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jinhui Liquor Income Tax Expense account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jinhui Liquor's Income Tax Expense and Net Income From Continuing Ops is 0.85. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Jinhui Liquor Co, assuming nothing else is changed. The correlation between historical values of Jinhui Liquor's Income Tax Expense 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 Income Tax Expense of Jinhui Liquor Co 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 Income Tax Expense i.e., Jinhui Liquor's Income Tax Expense and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Jinhui Liquor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinhui Liquor 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 Jinhui Liquor 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 board of governors.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 313
M. In addition to that,
Tax Provision is expected to decline to about 52.3
MBalance Sheet is a snapshot of the
financial position of Jinhui Liquor at a specified time, usually calculated after every quarter, six months, or one year. Jinhui Liquor Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jinhui Liquor 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 Jinhui currently owns. An asset can also be divided into two categories, current and non-current.