Jiangsu Tax Provision vs Selling General Administrative Analysis

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 Tax Provision and its Selling General Administrative 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.

Tax Provision vs Selling General Administrative

Tax Provision vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Yanghe Brewery Tax Provision account and Selling General Administrative. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jiangsu Yanghe's Tax Provision and Selling General Administrative is 0.81. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Selling General Administrative 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 Tax Provision and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Jiangsu Yanghe Brewery are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Tax Provision i.e., Jiangsu Yanghe's Tax Provision and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Selling General Administrative

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.
 2021 2022 2023 2024 (projected)
Operating Income9.4B11.8B12.3B6.9B
Total Revenue25.4B30.1B33.1B17.5B

Jiangsu Yanghe fundamental ratios Correlations

-0.060.160.950.870.870.570.83-0.620.860.10.590.930.520.580.710.290.660.980.08-0.310.950.88-0.250.730.83
-0.06-0.46-0.080.11-0.10.01-0.14-0.290.110.320.33-0.05-0.290.350.180.21-0.26-0.04-0.290.12-0.090.080.260.05-0.14
0.16-0.460.160.12-0.10.44-0.040.370.11-0.04-0.370.240.13-0.26-0.24-0.09-0.030.210.650.320.160.1-0.750.370.49
0.95-0.080.160.780.750.550.92-0.580.770.110.550.880.550.560.680.270.680.90.08-0.21.00.83-0.250.710.81
0.870.110.120.780.760.470.68-0.771.00.060.770.790.360.720.830.490.560.850.0-0.340.780.99-0.160.610.7
0.87-0.1-0.10.750.760.350.66-0.570.77-0.020.540.790.610.570.730.310.80.83-0.18-0.60.760.760.00.510.63
0.570.010.440.550.470.350.47-0.020.450.690.010.810.14-0.020.06-0.260.340.710.450.250.540.4-0.30.930.85
0.83-0.14-0.040.920.680.660.47-0.620.670.210.590.780.420.510.650.240.640.78-0.03-0.130.920.74-0.010.60.68
-0.62-0.290.37-0.58-0.77-0.57-0.02-0.62-0.770.02-1.0-0.42-0.13-0.85-0.91-0.72-0.33-0.530.430.23-0.58-0.81-0.32-0.25-0.29
0.860.110.110.771.00.770.450.67-0.770.040.770.780.370.720.840.490.570.85-0.01-0.370.780.99-0.160.590.69
0.10.32-0.040.110.06-0.020.690.210.020.04-0.020.35-0.16-0.19-0.1-0.260.010.250.040.430.11-0.010.240.580.39
0.590.33-0.370.550.770.540.010.59-1.00.77-0.020.40.10.860.90.730.30.5-0.43-0.220.550.80.320.230.27
0.93-0.050.240.880.790.790.810.78-0.420.780.350.40.490.420.540.070.670.970.18-0.170.890.77-0.270.890.92
0.52-0.290.130.550.360.610.140.42-0.130.37-0.160.10.490.350.510.080.780.45-0.32-0.590.560.4-0.250.280.36
0.580.35-0.260.560.720.57-0.020.51-0.850.72-0.190.860.420.350.90.730.430.46-0.5-0.280.560.750.110.240.29
0.710.18-0.240.680.830.730.060.65-0.910.84-0.10.90.540.510.90.690.570.61-0.51-0.460.680.870.150.310.38
0.290.21-0.090.270.490.31-0.260.24-0.720.49-0.260.730.070.080.730.690.130.18-0.44-0.030.270.540.21-0.060.09
0.66-0.26-0.030.680.560.80.340.64-0.330.570.010.30.670.780.430.570.130.61-0.17-0.550.690.58-0.010.460.57
0.98-0.040.210.90.850.830.710.78-0.530.850.250.50.970.450.460.610.180.610.17-0.250.90.84-0.260.820.88
0.08-0.290.650.080.0-0.180.45-0.030.43-0.010.04-0.430.18-0.32-0.5-0.51-0.44-0.170.170.290.07-0.03-0.620.270.36
-0.310.120.32-0.2-0.34-0.60.25-0.130.23-0.370.43-0.22-0.17-0.59-0.28-0.46-0.03-0.55-0.250.29-0.21-0.340.030.180.07
0.95-0.090.161.00.780.760.540.92-0.580.780.110.550.890.560.560.680.270.690.90.07-0.210.83-0.250.710.81
0.880.080.10.830.990.760.40.74-0.810.99-0.010.80.770.40.750.870.540.580.84-0.03-0.340.83-0.160.570.68
-0.250.26-0.75-0.25-0.160.0-0.3-0.01-0.32-0.160.240.32-0.27-0.250.110.150.21-0.01-0.26-0.620.03-0.25-0.16-0.24-0.32
0.730.050.370.710.610.510.930.6-0.250.590.580.230.890.280.240.31-0.060.460.820.270.180.710.57-0.240.91
0.83-0.140.490.810.70.630.850.68-0.290.690.390.270.920.360.290.380.090.570.880.360.070.810.68-0.320.91
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Jiangsu Yanghe Account Relationship Matchups

Jiangsu Yanghe fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.5B53.9B67.8B68.0B69.8B36.7B
Short Long Term Debt Total72.7K36.4K19.2M27.4M417.4M438.3M
Other Current Liab15.2B4.7B2.0B4.8B4.3B6.3B
Total Current Liabilities16.5B14.7B24.7B19.9B17.2B11.5B
Total Stockholder Equity36.5B38.5B42.5B47.5B51.9B54.5B
Other Liab310.9M426.6M739.4M573.3M659.3M330.7M
Property Plant And Equipment Net7.5B7.1B6.8B6.6B6.9B5.8B
Net Debt(4.3B)(7.2B)(20.9B)(24.3B)(25.4B)(24.1B)
Retained Earnings33.5B36.5B39.5B44.4B48.7B51.2B
Accounts Payable1.3B1.2B1.5B1.4B1.4B1.4B
Cash4.3B7.2B21.0B24.4B25.8B27.1B
Non Current Assets Total15.6B16.6B18.0B16.5B17.3B10.9B
Non Currrent Assets Other18.2B14.5B11.2B8.2B211.7M201.1M
Other Assets1.01.0B1.1B1.6B1.8B1.9B
Cash And Short Term Investments22.3B21.5B31.9B32.4B31.7B33.2B
Net Receivables913.0M657.4M908.8M1.3B1.9B1.9B
Liabilities And Stockholders Equity53.5B53.9B67.8B68.0B69.8B36.7B
Non Current Liabilities Total426.7M739.4M584.1M511.5M283.1M361.8M
Inventory14.4B14.9B16.8B17.7B19.0B10.1B
Other Current Assets183.1M182.8M143.0M129.7M61.8M58.7M
Other Stockholder Equity1.4B741.5M(260.6M)685.2M930.5M960.6M
Total Liab17.0B15.4B25.3B20.4B17.5B11.9B
Total Current Assets37.8B37.2B49.8B51.5B52.5B55.2B
Intangible Assets1.7B1.7B1.7B1.7B1.8B1.4B
Property Plant Equipment8.0B7.5B7.1B6.8B7.8B5.8B
Long Term Debt145.5K198.5M197.7M36.4K41.8K39.7K
Short Term Investments18.0B14.3B11.0B8.0B5.9B5.1B
Net Tangible Assets31.6B34.5B36.5B40.5B46.6B33.9B
Deferred Long Term Liab907.6K254.1K127.1K16.1M18.5M19.4M
Net Invested Capital36.5B38.5B42.5B47.5B51.9B44.0B
Net Working Capital21.3B22.6B25.0B31.6B35.4B26.9B

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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.