Punjab Other Operating Expenses vs Tax Provision Analysis

PSB Stock   50.02  0.29  0.58%   
Punjab Sind financial indicator trend analysis is much more than just breaking down Punjab Sind Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Punjab Sind Bank is a good investment. Please check the relationship between Punjab Sind Other Operating Expenses and its Tax Provision accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Punjab Sind Bank. 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.

Other Operating Expenses vs Tax Provision

Other Operating Expenses vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Punjab Sind Bank Other Operating Expenses account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Punjab Sind's Other Operating Expenses and Tax Provision is -0.2. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Punjab Sind Bank, assuming nothing else is changed. The correlation between historical values of Punjab Sind's Other Operating Expenses 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 Other Operating Expenses of Punjab Sind Bank 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 Other Operating Expenses i.e., Punjab Sind's Other Operating Expenses and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Punjab Sind Bank. It is also known as Punjab Sind overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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 Punjab Sind's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Punjab Sind Bank 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Punjab Sind Bank. 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 3.6 B, whereas Selling General Administrative is forecasted to decline to about 282.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit36.6B39.1B109.2B114.6B
Total Revenue36.6B39.1B35.3B26.4B

Punjab Sind fundamental ratios Correlations

0.590.30.320.720.94-0.280.790.590.290.150.340.15-0.180.340.571.00.130.560.66-0.180.70.450.590.50.64
0.590.530.530.820.510.160.30.090.440.420.03-0.090.140.580.240.55-0.130.760.290.140.840.650.810.890.76
0.30.531.00.670.31-0.430.250.10.970.98-0.690.270.071.00.080.280.210.630.20.150.60.470.760.840.55
0.320.531.00.680.32-0.440.270.120.970.98-0.680.280.061.00.090.30.220.630.210.150.60.460.760.840.55
0.720.820.670.680.75-0.230.350.320.570.540.02-0.120.050.710.380.68-0.160.950.44-0.030.840.620.980.830.86
0.940.510.310.320.75-0.40.650.680.230.170.39-0.06-0.070.340.60.92-0.10.670.73-0.420.660.520.640.450.66
-0.280.16-0.43-0.44-0.23-0.4-0.45-0.79-0.4-0.420.19-0.220.22-0.41-0.52-0.31-0.19-0.2-0.590.47-0.070.05-0.23-0.13-0.12
0.790.30.250.270.350.65-0.450.630.330.160.110.55-0.560.270.60.830.540.130.67-0.090.370.020.240.330.26
0.590.090.10.120.320.68-0.790.630.040.020.360.01-0.230.120.760.61-0.020.260.82-0.650.220.050.230.120.25
0.290.440.970.970.570.23-0.40.330.040.96-0.770.48-0.070.960.070.280.430.470.110.280.50.340.640.780.43
0.150.420.980.980.540.17-0.420.160.020.96-0.790.290.10.97-0.010.130.230.520.110.180.50.410.660.770.44
0.340.03-0.69-0.680.020.390.190.110.36-0.77-0.79-0.530.0-0.660.310.34-0.490.020.37-0.45-0.04-0.06-0.14-0.350.0
0.15-0.090.270.28-0.12-0.06-0.220.550.010.480.29-0.53-0.610.260.230.190.99-0.29-0.130.42-0.01-0.17-0.110.1-0.03
-0.180.140.070.060.05-0.070.22-0.56-0.23-0.070.10.0-0.610.07-0.55-0.21-0.640.2-0.11-0.180.230.530.10.110.12
0.340.581.01.00.710.34-0.410.270.120.960.97-0.660.260.070.10.320.20.650.220.150.630.490.790.870.58
0.570.240.080.090.380.6-0.520.60.760.07-0.010.310.23-0.550.10.580.20.310.52-0.40.220.110.30.210.34
1.00.550.280.30.680.92-0.310.830.610.280.130.340.19-0.210.320.580.180.50.68-0.190.650.40.540.470.58
0.13-0.130.210.22-0.16-0.1-0.190.54-0.020.430.23-0.490.99-0.640.20.20.18-0.35-0.150.43-0.07-0.24-0.170.05-0.1
0.560.760.630.630.950.67-0.20.130.260.470.520.02-0.290.20.650.310.5-0.350.37-0.150.810.70.970.770.89
0.660.290.20.210.440.73-0.590.670.820.110.110.37-0.13-0.110.220.520.68-0.150.37-0.590.390.130.360.30.27
-0.180.140.150.15-0.03-0.420.47-0.09-0.650.280.18-0.450.42-0.180.15-0.4-0.190.43-0.15-0.590.06-0.150.020.170.01
0.70.840.60.60.840.66-0.070.370.220.50.5-0.04-0.010.230.630.220.65-0.070.810.390.060.790.840.820.93
0.450.650.470.460.620.520.050.020.050.340.41-0.06-0.170.530.490.110.4-0.240.70.13-0.150.790.650.640.74
0.590.810.760.760.980.64-0.230.240.230.640.66-0.14-0.110.10.790.30.54-0.170.970.360.020.840.650.880.88
0.50.890.840.840.830.45-0.130.330.120.780.77-0.350.10.110.870.210.470.050.770.30.170.820.640.880.72
0.640.760.550.550.860.66-0.120.260.250.430.440.0-0.030.120.580.340.58-0.10.890.270.010.930.740.880.72
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Punjab Sind Account Relationship Matchups

Punjab Sind fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0T1.1T1.2T1.4T1.5T979.8B
Short Long Term Debt Total27.7B26.4B35.3B161.5B97.7B102.6B
Other Current Liab(8.8B)(7.4B)(6.9B)(8.1B)460.5B483.5B
Total Current Liabilities8.8B7.4B6.9B8.1B470.8B494.3B
Total Stockholder Equity56.0B83.6B140.1B151.1B155.3B163.1B
Property Plant And Equipment Net12.4B15.8B15.8B15.2B17.6B11.4B
Net Debt(97.8B)(90.1B)(66.0B)27.2B(90.6B)(86.0B)
Accounts Payable8.8B7.4B6.9B8.1B10.3B7.8B
Cash125.6B116.6B90.5B63.0B90.6B72.2B
Non Current Assets Total12.4B15.8B15.8B15.2B1.5T1.5T
Non Currrent Assets Other(245.5B)(320.2B)(417.7B)(448.4B)1.0T1.1T
Other Assets988.7B1.1T1.2T1.3T(85.5B)(81.2B)
Cash And Short Term Investments3.9B13.8B4.3B3.9B90.6B49.7B
Liabilities And Stockholders Equity1.0T1.1T1.2T1.4T1.5T979.8B
Non Current Liabilities Total32.1B26.4B24.4B90.2B851.3B893.9B
Other Stockholder Equity19.4B26.9B48.4B31.3B31.3B27.4B
Total Liab949.1B1.0T1.1T1.2T1.3T910.0B
Total Current Assets3.9B13.8B4.3B3.9B88.8B53.6B
Other Current Assets133.5B98.0B73.7B75.1B88.8B70.5B
Retained Earnings(7.5B)(35.8B)6.3B13.6B13.9B14.6B
Net Receivables9.8B9.8B12.4B16.5B18.4B12.1B
Accumulated Other Comprehensive Income(4.2B)30.5B34.7B38.4B42.3B44.4B
Other Liab9.4B23.0B13.8B26.6B30.6B15.3B
Net Tangible Assets56.0B83.6B140.1B151.1B173.7B182.4B
Long Term Debt32.1B26.4B24.4B90.2B103.7B108.9B
Long Term Investments245.5B320.2B422.8B448.4B496.0B357.7B
Short Term Debt8.7B650M10.8B71.3B74.4B78.1B
Property Plant Equipment12.4B15.8B15.8B15.2B17.5B13.7B
Short Term Investments(121.6B)(102.8B)(86.2B)(59.0B)(53.1B)(50.5B)
Long Term Debt Total32.1B26.4B24.4B90.2B103.7B108.9B
Inventory(143.3B)(107.8B)(86.1B)(91.7B)(92.2B)(96.8B)
Earning Assets336.8B277.5B245.5B320.2B368.3B319.7B
Net Invested Capital85.5B110.1B164.5B241.3B253.0B162.5B
Capital Stock7.0B40.5B67.8B67.8B77.9B47.0B

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Other Information on Investing in Punjab Stock

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