002304 Stock | | | 85.09 0.34 0.40% |
Jiangsu Yanghe financial indicator trend analysis is infinitely more than just investigating Jiangsu Yanghe Brewery recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Yanghe Brewery is a good investment. Please check the relationship between Jiangsu Yanghe Ebitda and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Yanghe Brewery. 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.
Ebitda vs Income Before Tax
Ebitda vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiangsu Yanghe Brewery Ebitda account and
Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jiangsu Yanghe's Ebitda and Income Before Tax is 0.7. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Jiangsu Yanghe Brewery, assuming nothing else is changed. The correlation between historical values of Jiangsu Yanghe's Ebitda and Income Before Tax 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 Jiangsu Yanghe Brewery are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Ebitda i.e., Jiangsu Yanghe's Ebitda and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Ebitda
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Jiangsu Yanghe income statement and is an important metric when analyzing Jiangsu Yanghe Brewery profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Jiangsu Yanghe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Yanghe Brewery 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 Jiangsu Yanghe Brewery. 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
Selling General Administrative is expected to grow to about 6.2
B, whereas
Tax Provision is forecasted to decline to about 2.8
B.
Jiangsu Yanghe fundamental ratios Correlations
Click cells to compare fundamentals
Jiangsu Yanghe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiangsu Yanghe fundamental ratios Accounts
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Other Information on Investing in Jiangsu Stock
Balance Sheet is a snapshot of the
financial position of Jiangsu Yanghe Brewery at a specified time, usually calculated after every quarter, six months, or one year. Jiangsu Yanghe Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangsu Yanghe 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 Jiangsu currently owns. An asset can also be divided into two categories, current and non-current.