Xiangyang Net Income vs Income Tax Expense Analysis

000678 Stock

5.99 0.22 3.81%

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

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiangyang Automobile Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Xiangyang Automobile's Net Income and Income Tax Expense is 0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Xiangyang Automobile Bearing, assuming nothing else is changed. The correlation between historical values of Xiangyang Automobile's Net Income 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 Net Income of Xiangyang Automobile Bearing 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 Net Income i.e., Xiangyang Automobile's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Net Income

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

Income Tax Expense

Most indicators from Xiangyang Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiangyang Automobile 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 Xiangyang Automobile Bearing. 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 Selling General Administrative is expected to grow to about 59.1 M. The current year's Tax Provision is expected to grow to about 7 M

	2021	2022	2023	2024 (projected)
Cost Of Revenue	1.2B	1.1B	1.2B	768.2M
Total Revenue	1.3B	1.1B	1.4B	894.2M

Cost Of Revenue Total Revenue

Xiangyang Automobile fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Assets	Other Liab	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		-0.47	0.93	0.93	-0.2	0.6	0.61	0.28	0.64	-0.54	0.93	0.51	0.97	0.96	0.9	0.97	0.41	0.49	0.54	-0.03	-0.53	0.0	0.69	0.64	0.69	0.42
Other Current Liab	-0.47		-0.32	-0.52	0.21	-0.37	-0.11	-0.51	-0.77	0.17	-0.41	-0.5	-0.39	-0.51	-0.25	-0.41	-0.29	0.16	-0.46	-0.18	0.35	-0.16	-0.53	-0.44	-0.49	-0.32
Total Current Liabilities	0.93	-0.32		0.75	-0.41	0.72	0.57	0.0	0.44	-0.45	0.87	0.42	0.98	0.87	0.95	0.94	0.58	0.58	0.29	-0.25	-0.65	0.18	0.68	0.55	0.75	0.24
Total Stockholder Equity	0.93	-0.52	0.75		0.05	0.42	0.58	0.43	0.73	-0.49	0.91	0.53	0.82	0.93	0.76	0.86	0.19	0.33	0.7	0.19	-0.32	-0.17	0.6	0.61	0.53	0.52
Retained Earnings	-0.2	0.21	-0.41	0.05		-0.81	-0.07	0.48	0.06	0.24	-0.04	0.07	-0.33	-0.19	-0.35	-0.24	-0.93	-0.33	0.38	0.82	0.8	-0.8	-0.53	0.17	-0.65	0.6
Accounts Payable	0.6	-0.37	0.72	0.42	-0.81		0.36	-0.34	0.34	-0.34	0.54	0.32	0.67	0.56	0.7	0.61	0.96	0.53	0.0	-0.5	-0.8	0.64	0.71	0.14	0.76	-0.25
Cash	0.61	-0.11	0.57	0.58	-0.07	0.36		-0.06	0.43	-0.3	0.58	0.15	0.58	0.66	0.72	0.51	0.27	0.73	0.11	-0.1	-0.07	0.05	0.16	0.28	0.21	-0.01
Long Term Debt	0.28	-0.51	0.0	0.43	0.48	-0.34	-0.06		0.55	-0.28	0.18	0.43	0.17	0.23	-0.09	0.27	-0.46	-0.34	0.75	0.54	0.15	-0.51	0.22	0.59	0.1	0.71
Net Receivables	0.64	-0.77	0.44	0.73	0.06	0.34	0.43	0.55		-0.44	0.59	0.49	0.54	0.68	0.44	0.58	0.17	0.22	0.55	0.39	-0.07	0.07	0.37	0.61	0.33	0.42
Short Term Investments	-0.54	0.17	-0.45	-0.49	0.24	-0.34	-0.3	-0.28	-0.44		-0.31	0.1	-0.54	-0.56	-0.35	-0.56	-0.28	-0.58	-0.17	0.13	0.3	-0.11	-0.34	-0.17	-0.34	-0.04
Inventory	0.93	-0.41	0.87	0.91	-0.04	0.54	0.58	0.18	0.59	-0.31		0.63	0.88	0.88	0.87	0.9	0.31	0.4	0.58	0.13	-0.41	-0.11	0.61	0.64	0.59	0.49
Other Current Assets	0.51	-0.5	0.42	0.53	0.07	0.32	0.15	0.43	0.49	0.1	0.63		0.46	0.36	0.37	0.49	0.15	-0.16	0.72	0.27	-0.25	-0.19	0.61	0.73	0.52	0.52
Total Liab	0.97	-0.39	0.98	0.82	-0.33	0.67	0.58	0.17	0.54	-0.54	0.88	0.46		0.91	0.93	0.98	0.51	0.55	0.41	-0.16	-0.61	0.1	0.7	0.61	0.75	0.34
Intangible Assets	0.96	-0.51	0.87	0.93	-0.19	0.56	0.66	0.23	0.68	-0.56	0.88	0.36	0.91		0.86	0.89	0.38	0.51	0.41	-0.04	-0.42	0.03	0.55	0.5	0.56	0.32
Common Stock	0.9	-0.25	0.95	0.76	-0.35	0.7	0.72	-0.09	0.44	-0.35	0.87	0.37	0.93	0.86		0.89	0.55	0.64	0.27	-0.23	-0.54	0.23	0.59	0.5	0.66	0.17
Property Plant Equipment	0.97	-0.41	0.94	0.86	-0.24	0.61	0.51	0.27	0.58	-0.56	0.9	0.49	0.98	0.89	0.89		0.42	0.49	0.53	-0.03	-0.58	0.07	0.72	0.66	0.74	0.44
Other Assets	0.41	-0.29	0.58	0.19	-0.93	0.96	0.27	-0.46	0.17	-0.28	0.31	0.15	0.51	0.38	0.55	0.42		0.48	-0.21	-0.67	-0.8	0.75	0.62	-0.03	0.71	-0.46
Other Liab	0.49	0.16	0.58	0.33	-0.33	0.53	0.73	-0.34	0.22	-0.58	0.4	-0.16	0.55	0.51	0.64	0.49	0.48		-0.21	-0.25	-0.26	0.33	0.14	0.04	0.24	-0.17
Net Tangible Assets	0.54	-0.46	0.29	0.7	0.38	0.0	0.11	0.75	0.55	-0.17	0.58	0.72	0.41	0.41	0.27	0.53	-0.21	-0.21		0.5	-0.12	-0.45	0.56	0.7	0.4	0.75
Other Stockholder Equity	-0.03	-0.18	-0.25	0.19	0.82	-0.5	-0.1	0.54	0.39	0.13	0.13	0.27	-0.16	-0.04	-0.23	-0.03	-0.67	-0.25	0.5		0.57	-0.54	-0.29	0.28	-0.42	0.74
Deferred Long Term Liab	-0.53	0.35	-0.65	-0.32	0.8	-0.8	-0.07	0.15	-0.07	0.3	-0.41	-0.25	-0.61	-0.42	-0.54	-0.58	-0.8	-0.26	-0.12	0.57		-0.46	-0.87	-0.17	-0.91	0.06
Long Term Investments	0.0	-0.16	0.18	-0.17	-0.8	0.64	0.05	-0.51	0.07	-0.11	-0.11	-0.19	0.1	0.03	0.23	0.07	0.75	0.33	-0.45	-0.54	-0.46		0.23	-0.22	0.36	-0.61
Short Long Term Debt	0.69	-0.53	0.68	0.6	-0.53	0.71	0.16	0.22	0.37	-0.34	0.61	0.61	0.7	0.55	0.59	0.72	0.62	0.14	0.56	-0.29	-0.87	0.23		0.5	0.96	0.22
Total Current Assets	0.64	-0.44	0.55	0.61	0.17	0.14	0.28	0.59	0.61	-0.17	0.64	0.73	0.61	0.5	0.5	0.66	-0.03	0.04	0.7	0.28	-0.17	-0.22	0.5		0.53	0.68
Short Term Debt	0.69	-0.49	0.75	0.53	-0.65	0.76	0.21	0.1	0.33	-0.34	0.59	0.52	0.75	0.56	0.66	0.74	0.71	0.24	0.4	-0.42	-0.91	0.36	0.96	0.53		0.13
Non Current Assets Total	0.42	-0.32	0.24	0.52	0.6	-0.25	-0.01	0.71	0.42	-0.04	0.49	0.52	0.34	0.32	0.17	0.44	-0.46	-0.17	0.75	0.74	0.06	-0.61	0.22	0.68	0.13

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Xiangyang Automobile Account Relationship Matchups

Xiangyang Automobile fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	2.6B	2.5B	2.4B	2.4B	1.8B
Other Current Liab	35.1M	128.7M	181.8M	133.0M	86.5M	96.9M
Total Current Liabilities	1.2B	1.2B	1.2B	1.3B	1.3B	772.2M
Total Stockholder Equity	1.2B	1.1B	1.0B	872.5M	838.8M	802.1M
Retained Earnings	(32.1M)	(123.4M)	(173.0M)	(297.6M)	(425.4M)	(404.1M)
Accounts Payable	432.7M	441.6M	400.5M	592.2M	674.1M	707.8M
Cash	152.7M	94.4M	134.4M	198.8M	178.1M	112.1M
Long Term Debt	152.4M	159.8M	71.8M	34.2M	10M	9.5M
Net Receivables	342.7M	288.0M	210.8M	262.6M	336.3M	286.6M
Inventory	494.5M	418.6M	443.7M	434.0M	407.9M	341.6M
Other Current Assets	27.0M	23.8M	22.1M	28.7M	17.6M	21.2M
Total Liab	1.4B	1.4B	1.4B	1.4B	1.5B	919.5M
Intangible Assets	310.1M	300.3M	289.1M	260.0M	284.2M	171.6M
Property Plant Equipment	1.3B	1.2B	1.1B	1.1B	1.2B	742.4M
Other Assets	35.5M	41.3M	37.6M	73.8M	84.9M	89.1M
Other Liab	70.6M	52.6M	69.0M	95.0M	109.2M	73.4M
Net Tangible Assets	889.3M	790.4M	747.3M	612.5M	551.3M	640.7M
Other Stockholder Equity	2.7M	(14.8M)	(19.5M)	(22.7M)	(20.4M)	(19.4M)
Short Long Term Debt	571.7M	525.7M	516.6M	434.5M	396.5M	492.4M
Total Current Assets	1.0B	1.0B	997.9M	1.0B	1.0B	832.9M
Non Current Assets Total	1.7B	1.6B	1.5B	1.4B	1.4B	1.2B
Non Currrent Assets Other	1.7B	1.7B	1.7B	540.9K	486.8K	462.5K
Non Current Liabilities Total	223.1M	244.4M	151.8M	137.7M	114.4M	167.0M
Non Current Liabilities Other	66.3M	134.9M	116.2M	566.1K	509.5K	484.1K
Net Debt	535.1M	591.1M	454.0M	270.0M	228.4M	349.1M
Net Invested Capital	1.9B	1.8B	1.6B	1.3B	1.2B	1.3B
Net Working Capital	(184.3M)	(178.9M)	(206.3M)	(284.3M)	(313.6M)	(329.3M)

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

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Xiangyang Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Xiangyang Automobile fundamental ratios Correlations

Xiangyang Automobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xiangyang Automobile fundamental ratios Accounts

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Other Information on Investing in Xiangyang Stock

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Total Liab	+ 0.98	Total Current Liabilities
Property Plant Equipment	+ 0.98	Total Liab
Total Liab	+ 0.97	Total Assets
Property Plant Equipment	+ 0.97	Total Assets
Intangible Assets	+ 0.96	Total Assets
Other Assets	+ 0.96	Accounts Payable

Other Assets	- 0.93	Retained Earnings
Short Term Debt	- 0.91	Deferred Long Term Liab
Short Long Term Debt	- 0.87	Deferred Long Term Liab
Accounts Payable	- 0.81	Retained Earnings
Deferred Long Term Liab	- 0.8	Other Assets
Deferred Long Term Liab	- 0.8	Accounts Payable