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 Total Other Income Expense Net and its Tax Provision 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.
Total Other Income Expense Net vs Tax Provision
Total Other Income Expense Net vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiangsu Yanghe Brewery Total Other Income Expense Net account and
Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Jiangsu Yanghe's Total Other Income Expense Net and Tax Provision is -0.64. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Tax Provision 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 Total Other Income Expense Net 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 Total Other Income Expense Net of Jiangsu Yanghe Brewery 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 Total Other Income Expense Net i.e., Jiangsu Yanghe's Total Other Income Expense Net and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Other Income Expense Net
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 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.