Sichuan Tax Provision vs Income Before Tax Analysis

002466 Stock   34.84  0.36  1.04%   
Sichuan Tianqi financial indicator trend analysis is much more than just breaking down Sichuan Tianqi Lithium prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Tianqi Lithium is a good investment. Please check the relationship between Sichuan Tianqi Tax Provision and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Tianqi Lithium. 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.

Tax Provision vs Income Before Tax

Tax Provision vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Tianqi Lithium Tax Provision account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sichuan Tianqi's Tax Provision and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Sichuan Tianqi Lithium, assuming nothing else is changed. The correlation between historical values of Sichuan Tianqi's Tax Provision 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 Tax Provision of Sichuan Tianqi Lithium 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 Tax Provision i.e., Sichuan Tianqi's Tax Provision and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Sichuan Tianqi income statement and is an important metric when analyzing Sichuan Tianqi Lithium 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 Sichuan Tianqi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Tianqi Lithium 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 Sichuan Tianqi Lithium. 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 Tax Provision is expected to grow to about 11.1 B, whereas Selling General Administrative is forecasted to decline to about 154.9 M.
 2021 2022 2023 2024 (projected)
Operating Income4.2B33.7B33.8B35.5B
Total Revenue7.7B40.4B40.5B42.5B

Sichuan Tianqi fundamental ratios Correlations

0.190.50.870.940.790.980.850.280.820.890.760.670.00.920.960.6-0.480.90.62-0.090.950.310.850.770.83
0.190.61-0.150.4-0.330.04-0.150.310.06-0.11-0.20.560.620.40.40.3-0.40.24-0.250.020.370.69-0.130.520.47
0.50.610.10.63-0.070.430.150.770.120.210.020.860.480.650.710.4-0.270.230.0-0.120.670.850.130.690.69
0.87-0.150.10.780.980.910.94-0.090.90.970.920.24-0.360.70.740.27-0.370.860.780.00.7-0.170.970.450.54
0.940.40.630.780.660.890.750.370.750.820.690.680.150.960.970.47-0.630.850.570.050.910.410.760.790.84
0.79-0.33-0.070.980.660.850.92-0.180.860.940.910.11-0.450.590.610.23-0.310.80.790.020.59-0.30.940.340.43
0.980.040.430.910.890.850.920.220.860.910.780.58-0.120.870.910.51-0.380.880.64-0.050.880.20.920.70.76
0.85-0.150.150.940.750.920.92-0.010.920.880.770.28-0.260.730.720.28-0.370.830.610.190.65-0.090.980.560.56
0.280.310.77-0.090.37-0.180.22-0.01-0.130.03-0.120.70.650.470.420.4-0.34-0.01-0.1-0.060.40.79-0.090.470.51
0.820.060.120.90.750.860.860.92-0.130.810.690.27-0.230.690.690.29-0.460.860.480.040.64-0.090.960.530.59
0.89-0.110.210.970.820.940.910.880.030.810.960.3-0.290.740.790.26-0.350.830.86-0.040.74-0.080.90.440.55
0.76-0.20.020.920.690.910.780.77-0.120.690.960.13-0.390.60.650.17-0.290.770.94-0.020.61-0.220.80.260.39
0.670.560.860.240.680.110.580.280.70.270.30.130.510.760.780.82-0.370.480.09-0.190.840.860.240.860.87
0.00.620.48-0.360.15-0.45-0.12-0.260.65-0.23-0.29-0.390.510.280.140.38-0.48-0.04-0.370.180.120.72-0.340.410.35
0.920.40.650.70.960.590.870.730.470.690.740.60.760.280.940.6-0.640.840.490.120.90.550.70.870.91
0.960.40.710.740.970.610.910.720.420.690.790.650.780.140.940.57-0.490.820.54-0.090.970.50.720.820.86
0.60.30.40.270.470.230.510.280.40.290.260.170.820.380.60.57-0.320.560.12-0.210.720.610.250.730.74
-0.48-0.4-0.27-0.37-0.63-0.31-0.38-0.37-0.34-0.46-0.35-0.29-0.37-0.48-0.64-0.49-0.32-0.54-0.21-0.34-0.42-0.3-0.36-0.56-0.58
0.90.240.230.860.850.80.880.83-0.010.860.830.770.48-0.040.840.820.56-0.540.630.120.820.150.840.730.72
0.62-0.250.00.780.570.790.640.61-0.10.480.860.940.09-0.370.490.540.12-0.210.630.010.5-0.20.630.160.33
-0.090.02-0.120.00.050.02-0.050.19-0.060.04-0.04-0.02-0.190.180.12-0.09-0.21-0.340.120.01-0.22-0.080.090.24-0.07
0.950.370.670.70.910.590.880.650.40.640.740.610.840.120.90.970.72-0.420.820.5-0.220.520.660.820.88
0.310.690.85-0.170.41-0.30.2-0.090.79-0.09-0.08-0.220.860.720.550.50.61-0.30.15-0.2-0.080.52-0.150.660.68
0.85-0.130.130.970.760.940.920.98-0.090.960.90.80.24-0.340.70.720.25-0.360.840.630.090.66-0.150.510.55
0.770.520.690.450.790.340.70.560.470.530.440.260.860.410.870.820.73-0.560.730.160.240.820.660.510.86
0.830.470.690.540.840.430.760.560.510.590.550.390.870.350.910.860.74-0.580.720.33-0.070.880.680.550.86
Click cells to compare fundamentals

Sichuan Tianqi Account Relationship Matchups

Sichuan Tianqi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets46.6B42.0B44.2B70.8B73.2B76.9B
Other Current Liab886.1M1.3B2.8B185.3M40.4M38.4M
Total Current Liabilities22.3B26.8B13.8B7.6B6.7B5.9B
Total Stockholder Equity7.0B5.2B12.8B48.5B51.5B54.1B
Other Liab655.9M986.4M1.5B1.4B1.6B1.7B
Retained Earnings(495.9M)(2.3B)(255.2M)23.0B25.4B26.7B
Accounts Payable1.8B1.0B1.0B2.7B2.5B2.6B
Cash4.4B994.1M2.0B12.5B9.6B10.1B
Other Assets508.1M896.6M959.9M213.0M244.9M346.4M
Net Receivables984.9M232.7M3.3B7.4B4.3B4.5B
Inventory917.0M851.0M871.8M2.1B3.2B3.3B
Other Current Assets54.3M41.1M316.2M737.7M2.1B2.3B
Total Liab37.7B34.6B26.0B17.8B19.0B12.1B
Intangible Assets3.1B3.3B3.1B202.1M308.3M292.8M
Property Plant Equipment6.4B10.5B11.0B10.7B12.3B12.9B
Long Term Debt14.4B6.3B10.6B8.3B9.5B6.6B
Short Term Investments13.6M47.9M4.1M14.8M13.3M13.9M
Net Tangible Assets6.7B3.4B1.5B9.2B10.6B11.2B
Other Stockholder Equity(875.1M)(789.0M)(710.6M)(749.1M)(674.2M)(707.9M)
Short Long Term Debt3.2B2.7B2.2B98.9M337.4M320.5M
Total Current Assets6.4B2.9B6.5B26.0B19.6B20.6B
Non Current Assets Total40.2B39.2B37.7B44.9B53.6B37.6B
Non Currrent Assets Other78.6M70.3M92.9M76.8M62.0M98.8M
Non Current Liabilities Total15.4B7.8B12.3B10.2B12.3B12.8B
Non Current Liabilities Other326.9M408.6M340.5M259.9M324.0M298.3M
Net Invested Capital24.5B14.3B25.6B56.9B61.4B37.1B
Net Working Capital(15.9B)(24.0B)(7.3B)18.4B13.0B13.6B
Net Debt13.1B8.1B10.8B293.6M264.2M251.0M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Sichuan Stock

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