| 002516 Stock | | | 5.29 0.07 1.34% |
Kuangda Technology financial indicator trend analysis is infinitely more than just investigating Kuangda Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kuangda Technology is a good investment. Please check the relationship between Kuangda Technology Income Tax Expense and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Kuangda Technology Group. 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.
Income Tax Expense vs Operating Income
Income Tax Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kuangda Technology Income Tax Expense account and
Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Kuangda Technology's Income Tax Expense and Operating Income is 0.86. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Kuangda Technology Group, assuming nothing else is changed. The correlation between historical values of Kuangda Technology's Income Tax Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Kuangda Technology Group are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., Kuangda Technology's Income Tax Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Tax Expense
Operating Income
Operating Income is the amount of profit realized from Kuangda Technology operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Kuangda Technology Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Kuangda Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kuangda Technology 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 Kuangda Technology Group. 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.
At present, Kuangda Technology's
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 43
M, whereas
Discontinued Operations is projected to grow to
(506.16).
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 251.7M | 259.9M | 239.7M | 267.4M | Total Revenue | 1.7B | 1.8B | 1.8B | 1.6B |
Kuangda Technology fundamental ratios Correlations
Click cells to compare fundamentals
Kuangda Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kuangda Technology fundamental ratios Accounts
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Other Information on Investing in Kuangda Stock
Balance Sheet is a snapshot of the
financial position of Kuangda Technology at a specified time, usually calculated after every quarter, six months, or one year. Kuangda Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kuangda Technology 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 Kuangda currently owns. An asset can also be divided into two categories, current and non-current.