Shenzhen Interest Income vs Tax Provision Analysis

002869 Stock   29.22  1.23  4.04%   
Shenzhen Genvict financial indicator trend analysis is much more than just breaking down Shenzhen Genvict Tec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Genvict Tec is a good investment. Please check the relationship between Shenzhen Genvict Interest Income and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Genvict Technologies. 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.

Interest Income vs Tax Provision

Interest Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Genvict Tec Interest Income account and Tax Provision. At this time, the significance of the direction appears to have no relationship.
The correlation between Shenzhen Genvict's Interest Income and Tax Provision is 0.01. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Shenzhen Genvict Technologies, assuming nothing else is changed. The correlation between historical values of Shenzhen Genvict's Interest Income 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 Interest Income of Shenzhen Genvict Technologies 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 Interest Income i.e., Shenzhen Genvict's Interest Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

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 Shenzhen Genvict's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Genvict Tec 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 Shenzhen Genvict Technologies. 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 Selling General Administrative is expected to grow to about 135.6 M, whereas Tax Provision is projected to grow to (6.9 M).
 2021 2022 2023 2024 (projected)
Interest Income21.9M20.7M28.3M17.6M
Net Interest Income20.0M17.8M25.2M17.3M

Shenzhen Genvict fundamental ratios Correlations

0.690.720.7-0.240.820.580.45-0.37-0.290.69-0.320.30.79-0.250.00.98-0.2-0.3-0.220.30.890.290.490.780.73
0.690.970.820.270.950.950.920.130.280.990.290.820.92-0.330.620.790.360.230.360.850.88-0.010.570.960.9
0.720.970.820.220.920.910.920.180.330.980.330.860.91-0.360.640.780.410.090.40.860.9-0.080.540.980.96
0.70.820.82-0.060.860.740.75-0.090.120.840.10.60.85-0.260.430.810.110.080.230.660.770.080.810.880.79
-0.240.270.22-0.060.090.520.40.490.50.270.560.410.220.420.59-0.180.580.830.470.430.03-0.12-0.160.140.1
0.820.950.920.860.090.870.77-0.150.020.940.020.640.91-0.270.380.890.080.130.10.670.930.020.660.930.85
0.580.950.910.740.520.870.890.170.310.950.330.790.91-0.090.660.690.410.460.380.810.810.060.480.890.81
0.450.920.920.750.40.770.890.480.620.930.620.960.82-0.40.870.560.680.270.690.980.68-0.080.50.890.86
-0.370.130.18-0.090.49-0.150.170.480.960.130.960.590.02-0.280.8-0.320.940.190.930.59-0.22-0.2-0.160.090.14
-0.290.280.330.120.50.020.310.620.960.291.00.710.14-0.320.9-0.220.960.260.990.73-0.09-0.270.070.250.29
0.690.990.980.840.270.940.950.930.130.290.290.840.93-0.330.640.780.370.220.370.850.880.010.560.970.91
-0.320.290.330.10.560.020.330.620.961.00.290.720.13-0.290.91-0.240.970.320.980.74-0.08-0.290.060.240.29
0.30.820.860.60.410.640.790.960.590.710.840.720.66-0.50.920.390.790.20.770.990.59-0.190.390.80.84
0.790.920.910.850.220.910.910.820.020.140.930.130.66-0.150.480.880.210.190.220.690.860.220.490.930.81
-0.25-0.33-0.36-0.260.42-0.27-0.09-0.4-0.28-0.32-0.33-0.29-0.5-0.15-0.34-0.25-0.350.54-0.36-0.45-0.27-0.05-0.35-0.36-0.5
0.00.620.640.430.590.380.660.870.80.90.640.910.920.48-0.340.110.930.390.930.930.28-0.180.290.580.6
0.980.790.780.81-0.180.890.690.56-0.32-0.220.78-0.240.390.88-0.250.11-0.14-0.17-0.130.410.910.320.580.850.76
-0.20.360.410.110.580.080.410.680.940.960.370.970.790.21-0.350.93-0.140.250.960.770.04-0.180.030.340.41
-0.30.230.090.080.830.130.460.270.190.260.220.320.20.190.540.39-0.170.250.260.28-0.06-0.090.050.04-0.09
-0.220.360.40.230.470.10.380.690.930.990.370.980.770.22-0.360.93-0.130.960.260.790.0-0.230.170.340.38
0.30.850.860.660.430.670.810.980.590.730.850.740.990.69-0.450.930.410.770.280.790.57-0.180.470.810.81
0.890.880.90.770.030.930.810.68-0.22-0.090.88-0.080.590.86-0.270.280.910.04-0.060.00.570.050.550.920.91
0.29-0.01-0.080.08-0.120.020.06-0.08-0.2-0.270.01-0.29-0.190.22-0.05-0.180.32-0.18-0.09-0.23-0.180.050.090.05-0.04
0.490.570.540.81-0.160.660.480.5-0.160.070.560.060.390.49-0.350.290.580.030.050.170.470.550.090.610.6
0.780.960.980.880.140.930.890.890.090.250.970.240.80.93-0.360.580.850.340.040.340.810.920.050.610.97
0.730.90.960.790.10.850.810.860.140.290.910.290.840.81-0.50.60.760.41-0.090.380.810.91-0.040.60.97
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Shenzhen Genvict Account Relationship Matchups

Shenzhen Genvict fundamental ratios Accounts

201920202021202220232024 (projected)
Other Liab11.9M64.7M85.7M65.4M75.3M42.5M
Net Tangible Assets1.9B2.3B2.2B2.0B2.3B1.5B
Retained Earnings1.1B1.5B1.2B1.3B1.2B890.0M
Other Assets86.0M86.0M140.3M176.0M202.4M212.5M
Deferred Long Term Liab19.7M14.8M10.8M5.1M5.9M5.6M
Common Stock120.5M180.6M180.1M179.6M206.5M147.5M
Property Plant Equipment296.9M353.7M354.1M255.6M294.0M244.4M
Total Assets3.9B2.9B2.7B2.6B2.7B2.5B
Other Current Liab782.9M98.9M91.7M81.5M23.5M22.3M
Total Current Liabilities2.0B463.3M283.5M453.2M489.2M483.2M
Total Stockholder Equity1.9B2.4B2.3B2.1B2.1B1.8B
Accounts Payable1.0B275.7M131.4M208.7M239.7M248.3M
Cash1.9B1.5B875.3M969.6M963.6M1.0B
Non Current Assets Total480.7M590.7M960.4M725.1M629.0M552.1M
Non Currrent Assets Other45.4M82.9M121.4M155.4M57.6M94.3M
Net Receivables863.9M448.0M335.3M328.3M358.1M428.5M
Non Current Liabilities Total11.9M64.7M102.9M74.2M88.9M54.1M
Inventory623.0M258.1M149.3M100.8M122.6M159.6M
Other Current Assets89.0M28.0M36.6M11.3M36.2M44.6M
Total Liab2.0B528.1M386.4M527.4M578.1M718.3M
Total Current Assets3.5B2.3B1.7B1.9B2.1B2.0B
Non Current Liabilities Other3.6M54.0M38.8M34.8M40.9M23.8M
Intangible Assets34.2M33.7M47.7M30.2M36.5M40.0M
Common Stock Shares Outstanding180.8M180.6M180.1M179.6M206.5M197.1M
Net Invested Capital1.9B2.4B2.3B2.2B2.3B2.0B
Net Working Capital1.4B1.8B1.4B1.4B1.6B1.5B
Capital Stock120.5M180.6M180.1M179.6M206.5M175.7M

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Other Information on Investing in Shenzhen Stock

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