Shanghai Selling General Administrative vs Tax Provision Analysis

900918 Stock   0.36  0.01  2.70%   
Shanghai Yaohua financial indicator trend analysis is much more than just breaking down Shanghai Yaohua Pilk prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Yaohua Pilk is a good investment. Please check the relationship between Shanghai Yaohua Selling General Administrative and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Yaohua Pilkington. 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.

Selling General Administrative vs Tax Provision

Selling General Administrative vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Yaohua Pilk Selling General Administrative account and Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shanghai Yaohua's Selling General Administrative and Tax Provision is 0.48. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Shanghai Yaohua Pilkington, assuming nothing else is changed. The correlation between historical values of Shanghai Yaohua's Selling General Administrative 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 Selling General Administrative of Shanghai Yaohua Pilkington 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 Selling General Administrative i.e., Shanghai Yaohua's Selling General Administrative and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Selling General Administrative

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 Shanghai Yaohua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Yaohua Pilk 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 Shanghai Yaohua Pilkington. 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 current year's Tax Provision is expected to grow to about 26.5 M, whereas Selling General Administrative is forecasted to decline to about 116 M.
 2021 2022 2023 2024 (projected)
Gross Profit901.0M664.6M684.9M781.3M
Research Development211.2M222.8M263.0M169.4M

Shanghai Yaohua fundamental ratios Correlations

0.040.910.760.590.520.27-0.030.510.70.30.840.670.90.970.390.130.450.470.28-0.290.1-0.290.30.02-0.2
0.040.150.020.2-0.5-0.22-0.170.25-0.090.420.090.24-0.12-0.070.01-0.20.27-0.06-0.440.120.160.14-0.310.550.34
0.910.150.520.410.320.03-0.180.620.50.480.910.750.740.850.440.010.550.390.01-0.080.08-0.070.10.170.09
0.760.020.520.810.580.19-0.080.030.81-0.110.290.670.920.71-0.21-0.210.340.680.61-0.630.25-0.640.49-0.18-0.56
0.590.20.410.810.35-0.110.040.070.590.110.20.680.680.54-0.12-0.460.390.570.43-0.610.43-0.60.18-0.2-0.46
0.52-0.50.320.580.350.160.4-0.10.8-0.290.220.330.630.5-0.080.060.10.640.84-0.710.09-0.730.84-0.65-0.73
0.27-0.220.030.19-0.110.160.160.240.120.050.27-0.450.220.340.40.69-0.48-0.230.090.13-0.140.120.14-0.05-0.12
-0.03-0.17-0.18-0.080.040.40.16-0.070.380.05-0.07-0.26-0.06-0.010.140.16-0.470.190.46-0.340.28-0.360.37-0.19-0.44
0.510.250.620.030.07-0.10.24-0.070.010.650.780.180.240.550.760.310.19-0.21-0.490.30.270.31-0.360.290.46
0.7-0.090.50.810.590.80.120.380.01-0.070.30.590.820.64-0.18-0.110.180.760.77-0.70.3-0.720.73-0.18-0.63
0.30.420.48-0.110.11-0.290.050.050.65-0.070.560.230.040.260.59-0.030.18-0.2-0.490.290.280.3-0.380.330.54
0.840.090.910.290.20.220.27-0.070.780.30.560.430.560.840.760.350.380.1-0.170.12-0.020.13-0.040.190.24
0.670.240.750.670.680.33-0.45-0.260.180.590.230.430.70.57-0.16-0.530.720.650.24-0.420.29-0.410.220.03-0.14
0.9-0.120.740.920.680.630.22-0.060.240.820.040.560.70.890.06-0.090.420.670.53-0.540.24-0.540.46-0.09-0.38
0.97-0.070.850.710.540.50.34-0.010.550.640.260.840.570.890.470.220.410.410.26-0.280.12-0.270.250.03-0.15
0.390.010.44-0.21-0.12-0.080.40.140.76-0.180.590.76-0.160.060.470.540.01-0.33-0.440.35-0.030.36-0.360.160.43
0.13-0.20.01-0.21-0.460.060.690.160.31-0.11-0.030.35-0.53-0.090.220.54-0.27-0.52-0.150.4-0.470.390.050.060.13
0.450.270.550.340.390.1-0.48-0.470.190.180.180.380.720.420.410.01-0.270.230.0-0.2-0.08-0.180.110.090.11
0.47-0.060.390.680.570.64-0.230.19-0.210.76-0.20.10.650.670.41-0.33-0.520.230.69-0.830.43-0.830.59-0.21-0.54
0.28-0.440.010.610.430.840.090.46-0.490.77-0.49-0.170.240.530.26-0.44-0.150.00.69-0.790.09-0.810.87-0.53-0.91
-0.290.12-0.08-0.63-0.61-0.710.13-0.340.3-0.70.290.12-0.42-0.54-0.280.350.4-0.2-0.83-0.79-0.491.0-0.690.470.67
0.10.160.080.250.430.09-0.140.280.270.30.28-0.020.290.240.12-0.03-0.47-0.080.430.09-0.49-0.48-0.050.0-0.04
-0.290.14-0.07-0.64-0.6-0.730.12-0.360.31-0.720.30.13-0.41-0.54-0.270.360.39-0.18-0.83-0.811.0-0.48-0.710.490.7
0.3-0.310.10.490.180.840.140.37-0.360.73-0.38-0.040.220.460.25-0.360.050.110.590.87-0.69-0.05-0.71-0.47-0.73
0.020.550.17-0.18-0.2-0.65-0.05-0.190.29-0.180.330.190.03-0.090.030.160.060.09-0.21-0.530.470.00.49-0.470.63
-0.20.340.09-0.56-0.46-0.73-0.12-0.440.46-0.630.540.24-0.14-0.38-0.150.430.130.11-0.54-0.910.67-0.040.7-0.730.63
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Shanghai Yaohua Account Relationship Matchups

Shanghai Yaohua fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.1B7.0B7.2B7.8B8.0B6.4B
Other Current Liab291.5M211.7M255.2M406.6M12.4M11.8M
Total Current Liabilities2.4B2.1B2.3B2.7B2.8B2.1B
Total Stockholder Equity3.3B3.4B3.5B3.5B3.4B2.8B
Retained Earnings1.2B1.3B1.4B869.1M739.2M740.1M
Accounts Payable1.1B925.0M1.3B1.5B1.8B1.9B
Cash566.3M699.8M557.0M804.0M786.8M664.2M
Other Assets162.0M125.1M144.6M146.7M168.8M115.3M
Net Receivables946.6M481.3M596.8M664.4M617.7M685.7M
Inventory972.7M830.4M1.0B1.3B1.3B723.1M
Other Current Assets84.4M94.0M47.5M40.2M19.0M18.1M
Total Liab3.1B2.6B2.7B3.4B3.5B3.1B
Intangible Assets391.8M390.0M369.5M402.7M388.3M255.2M
Property Plant Equipment3.7B3.5B3.6B3.7B4.2B3.3B
Other Liab665.0M599.7M460.7M397.1M456.6M676.5M
Long Term Debt102.8M50.0M79.9M372.2M287.8M287.2M
Short Term Investments261M229.3M320.0M354.0M391.0M359.7M
Net Tangible Assets2.9B3.1B3.1B3.1B3.5B3.1B
Deferred Long Term Liab84.0M77.2M44.7M22.5M25.8M24.5M
Total Current Assets2.9B2.9B3.1B3.6B3.7B3.3B
Non Current Assets Total4.2B4.1B4.1B4.3B4.3B3.4B
Non Currrent Assets Other4.3B15M43.6M41.7M89.4M84.9M
Non Current Liabilities Total649.7M460.7M476.9M729.6M671.0M544.3M
Short Long Term Debt851.1M620.7M527.0M497.1M260.2M247.2M
Net Debt596.0M334.8M49.9M65.3M58.8M55.8M
Net Invested Capital4.2B4.1B4.1B4.3B3.9B3.4B
Net Working Capital433.1M745.3M823.0M893.5M872.0M626.7M

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Other Information on Investing in Shanghai Stock

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