Jiayin Ebitda vs Income Tax Expense Analysis
| JFIN Stock | USD 5.87 0.09 1.56% |
Jiayin financial indicator trend analysis is infinitely more than just investigating Jiayin Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiayin Group is a good investment. Please check the relationship between Jiayin Ebitda and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jiayin Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Ebitda vs Income Tax Expense
Ebitda vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiayin Group Ebitda account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Jiayin's Ebitda and Income Tax Expense is 0.97. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Jiayin Group, assuming nothing else is changed. The correlation between historical values of Jiayin's Ebitda and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Jiayin Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Ebitda i.e., Jiayin's Ebitda and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Ebitda
Income Tax Expense
Most indicators from Jiayin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiayin Group 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jiayin Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Jiayin's Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value is likely to grow to about 3.1 B, while Selling General Administrative is likely to drop about 172.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 2.7B | 3.5B | 2.1B | Total Revenue | 1.8B | 3.3B | 5.5B | 5.7B |
Jiayin fundamental ratios Correlations
Click cells to compare fundamentals
Jiayin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiayin fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 701.1M | 525.4M | 971.4M | 3.0B | 5.6B | 5.9B | |
| Short Long Term Debt Total | 35.2M | 5.2M | 35.2M | 27.5M | 48.0M | 50.4M | |
| Other Current Liab | 180.1M | 704.6M | 501.4M | 817.6M | (157.8M) | (149.9M) | |
| Total Current Liabilities | 1.4B | 983.9M | 910.4M | 1.8B | 1.3B | 1.8B | |
| Total Stockholder Equity | (741.9M) | (461.6M) | 27.9M | 1.2B | 2.4B | 2.5B | |
| Other Liab | 1.6B | 1.1B | 566.5M | 322.0M | 289.8M | 275.3M | |
| Net Tangible Assets | (741.9M) | (461.6M) | 27.9M | 1.2B | 1.4B | 1.5B | |
| Property Plant And Equipment Net | 76.3M | 26.4M | 44.6M | 46.5M | 90.0M | 47.0M | |
| Net Debt | (86.9M) | (112.1M) | (147.3M) | (263.6M) | (322.2M) | (338.3M) | |
| Retained Earnings | (1.5B) | (1.3B) | (794.8M) | 384.9M | 1.5B | 1.6B | |
| Cash | 122.1M | 117.3M | 182.6M | 291.0M | 370.2M | 265.3M | |
| Non Current Assets Total | 148.4M | 154.9M | 184.8M | 209.5M | 254.9M | 168.9M | |
| Non Currrent Assets Other | (80.1M) | (113.9M) | 1.2M | 1.8M | 63.4M | 66.6M | |
| Other Assets | 701.1M | 40.9M | 49.7M | 72.5M | 65.3M | 62.0M | |
| Cash And Short Term Investments | 191.8M | 117.3M | 182.6M | 291.0M | 370.2M | 199.9M | |
| Net Receivables | 269.9M | 158.1M | 502.4M | 2.0B | 4.0B | 4.2B | |
| Liabilities And Stockholders Equity | 701.1M | 525.4M | 971.4M | 3.0B | 5.6B | 5.9B | |
| Non Current Liabilities Total | 35.2M | 5.2M | 35.2M | 27.5M | 2.0B | 2.0B | |
| Capital Lease Obligations | 35.2M | 5.2M | 35.2M | 27.5M | 48.0M | 50.4M | |
| Inventory | (130.7M) | (31.8M) | (37.3M) | 2.0M | 1.0 | 0.95 | |
| Other Current Assets | 221.7M | 63.3M | 64.3M | 474.9M | 987.3M | 1.0B | |
| Other Stockholder Equity | 777.4M | 818.0M | 840.6M | 861.3M | (1.5B) | (1.4B) | |
| Total Liab | 1.4B | 989.1M | 945.7M | 1.8B | 3.3B | 2.0B | |
| Long Term Investments | 3.8M | 87.6M | 90.5M | 90.5M | 101.5M | 51.4M | |
| Property Plant And Equipment Gross | 76.3M | 26.4M | 44.6M | 46.5M | 174.8M | 183.5M | |
| Total Current Assets | 552.7M | 370.5M | 786.6M | 2.8B | 5.4B | 5.7B | |
| Accumulated Other Comprehensive Income | 469K | (12.8M) | (18.0M) | (3.1M) | (10.2M) | (10.7M) | |
| Short Term Debt | 35.2M | 3.3M | 16.9M | 4.0M | (928.8M) | (882.4M) | |
| Property Plant Equipment | 76.3M | 26.4M | 44.6M | 46.5M | 53.5M | 39.6M | |
| Net Invested Capital | (741.9M) | (461.6M) | 27.9M | 1.2B | 2.4B | 2.5B | |
| Net Working Capital | (789.2M) | (572.5M) | (123.8M) | 1.1B | 3.1B | 3.3B |
Pair Trading with Jiayin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jiayin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jiayin will appreciate offsetting losses from the drop in the long position's value.Moving together with Jiayin Stock
Moving against Jiayin Stock
The ability to find closely correlated positions to Jiayin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiayin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jiayin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jiayin Group to buy it.
The correlation of Jiayin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jiayin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jiayin Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jiayin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jiayin Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Jiayin. If investors know Jiayin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Jiayin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Earnings Share 2.99 | Revenue Per Share 112.933 | Quarterly Revenue Growth 0.155 | Return On Assets 0.1433 |
The market value of Jiayin Group is measured differently than its book value, which is the value of Jiayin that is recorded on the company's balance sheet. Investors also form their own opinion of Jiayin's value that differs from its market value or its book value, called intrinsic value, which is Jiayin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Jiayin's market value can be influenced by many factors that don't directly affect Jiayin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Jiayin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiayin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiayin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.