Puyang Total Revenue vs Income Tax Expense Analysis

300481 Stock   16.14  0.02  0.12%   
Puyang Huicheng financial indicator trend analysis is much more than just breaking down Puyang Huicheng Elec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Puyang Huicheng Elec is a good investment. Please check the relationship between Puyang Huicheng Total Revenue and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Puyang Huicheng Electronic. 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.

Total Revenue vs Income Tax Expense

Total Revenue vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Puyang Huicheng Elec Total Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Puyang Huicheng's Total Revenue and Income Tax Expense is 0.94. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Puyang Huicheng Electronic, assuming nothing else is changed. The correlation between historical values of Puyang Huicheng's Total Revenue and Income Tax Expense 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 Revenue of Puyang Huicheng Electronic are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Total Revenue i.e., Puyang Huicheng's Total Revenue and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Puyang Huicheng Elec generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Tax Expense

Most indicators from Puyang Huicheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Puyang Huicheng Elec 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 Puyang Huicheng Electronic. 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 30.3 M, whereas Selling General Administrative is forecasted to decline to about 7.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense32.9K5.0M8.1M8.5M
Depreciation And Amortization40.8M52.7M57.1M59.9M

Puyang Huicheng fundamental ratios Correlations

-0.210.761.00.860.98-0.710.990.870.890.990.69-0.120.940.980.850.910.980.90.980.921.00.890.770.960.83
-0.21-0.13-0.210.18-0.15-0.13-0.17-0.4-0.06-0.140.050.91-0.1-0.180.12-0.27-0.25-0.4-0.33-0.23-0.24-0.050.18-0.05-0.32
0.76-0.130.730.540.68-0.240.730.790.560.710.65-0.070.580.740.740.710.820.860.710.880.770.830.680.670.84
1.0-0.210.730.880.98-0.730.990.840.890.990.69-0.120.940.980.850.890.970.890.980.891.00.890.780.970.79
0.860.180.540.880.87-0.830.880.60.840.890.750.210.870.890.870.720.830.640.80.690.850.810.860.910.54
0.98-0.150.680.980.87-0.790.990.840.951.00.61-0.090.970.930.830.930.930.810.930.890.960.830.740.970.82
-0.71-0.13-0.24-0.73-0.83-0.79-0.75-0.39-0.9-0.78-0.38-0.16-0.89-0.66-0.71-0.61-0.58-0.35-0.65-0.5-0.68-0.56-0.7-0.8-0.41
0.99-0.170.730.990.880.99-0.750.860.921.00.68-0.10.950.960.840.930.970.860.950.910.980.870.760.970.83
0.87-0.40.790.840.60.84-0.390.860.720.840.5-0.290.750.820.570.950.90.880.830.950.870.710.460.730.94
0.89-0.060.560.890.840.95-0.90.920.720.930.480.010.980.820.770.870.810.640.820.810.870.70.710.90.76
0.99-0.140.710.990.891.0-0.781.00.840.930.66-0.080.960.950.850.910.950.830.950.90.980.860.770.980.82
0.690.050.650.690.750.61-0.380.680.50.480.66-0.040.520.790.770.460.760.670.630.590.690.740.810.720.45
-0.120.91-0.07-0.120.21-0.09-0.16-0.1-0.290.01-0.08-0.040.0-0.130.11-0.16-0.2-0.26-0.19-0.13-0.140.00.16-0.02-0.22
0.94-0.10.580.940.870.97-0.890.950.750.980.960.520.00.880.790.880.860.710.90.820.920.770.730.940.74
0.98-0.180.740.980.890.93-0.660.960.820.820.950.79-0.130.880.850.830.980.890.960.860.980.910.810.950.74
0.850.120.740.850.870.83-0.710.840.570.770.850.770.110.790.850.640.810.730.790.720.840.90.970.910.6
0.91-0.270.710.890.720.93-0.610.930.950.870.910.46-0.160.880.830.640.90.810.850.950.90.710.530.820.94
0.98-0.250.820.970.830.93-0.580.970.90.810.950.76-0.20.860.980.810.90.920.950.930.980.890.750.920.85
0.9-0.40.860.890.640.81-0.350.860.880.640.830.67-0.260.710.890.730.810.920.920.890.920.850.640.790.83
0.98-0.330.710.980.80.93-0.650.950.830.820.950.63-0.190.90.960.790.850.950.920.860.980.870.720.930.77
0.92-0.230.880.890.690.89-0.50.910.950.810.90.59-0.130.820.860.720.950.930.890.860.920.790.630.820.97
1.0-0.240.771.00.850.96-0.680.980.870.870.980.69-0.140.920.980.840.90.980.920.980.920.890.770.950.83
0.89-0.050.830.890.810.83-0.560.870.710.70.860.740.00.770.910.90.710.890.850.870.790.890.860.880.67
0.770.180.680.780.860.74-0.70.760.460.710.770.810.160.730.810.970.530.750.640.720.630.770.860.840.48
0.96-0.050.670.970.910.97-0.80.970.730.90.980.72-0.020.940.950.910.820.920.790.930.820.950.880.840.72
0.83-0.320.840.790.540.82-0.410.830.940.760.820.45-0.220.740.740.60.940.850.830.770.970.830.670.480.72
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Puyang Huicheng Account Relationship Matchups

Puyang Huicheng fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets976.4M1.1B2.1B2.8B2.8B3.0B
Other Current Liab57.6M23.7M1.1M1.7M793.0K753.4K
Total Current Liabilities81.7M51.4M96.0M336.4M202.3M107.5M
Total Stockholder Equity866.0M999.8M2.0B2.3B2.4B2.6B
Other Liab10.9M26.1M26.0M24.5M28.2M29.6M
Property Plant And Equipment Net268.6M319.0M435.6M559.9M733.2M769.9M
Net Debt(257.3M)(226.6M)(243.4M)(10.0M)(421.7M)(400.6M)
Retained Earnings350.7M462.3M643.1M921.8M1.0B1.1B
Accounts Payable13.4M21.9M29.0M105.5M84.5M88.7M
Cash262.7M227.4M243.8M289.2M647.3M679.7M
Non Current Assets Total382.1M445.9M620.5M786.7M928.7M975.1M
Non Currrent Assets Other15.0M32.0M23.9M36.7M10.7M17.6M
Cash And Short Term Investments349.9M230.1M473.6M420.5M828.4M869.8M
Net Receivables182.2M291.7M447.4M530.6M452.9M475.6M
Common Stock Shares Outstanding254.8M256.6M277.7M295.3M293.9M256.5M
Liabilities And Stockholders Equity976.4M1.1B2.1B2.8B2.8B3.0B
Non Current Liabilities Total26.1M26.0M24.5M148.3M173.6M182.2M
Inventory55.0M102.8M134.9M221.5M175.6M184.3M
Other Current Assets7.2M8.3M438.7M845.2M436.2M458.0M
Other Stockholder Equity202.7M203.3M976.6M986.6M993.5M1.0B
Total Liab107.9M77.4M120.5M484.7M375.8M394.6M
Total Current Assets594.3M632.9M1.5B2.0B1.9B2.0B
Intangible Assets89.2M85.3M148.3M178.5M172.9M86.6M
Property Plant Equipment230.4M268.6M319.0M435.6M500.9M526.0M
Short Long Term Debt Total5.4M853.5K433.1K279.3M225.6M236.9M
Current Deferred Revenue5.3M5.4M65.4M75.0M42.4M27.5M
Short Term Debt5.4M420.3K433.1K154.2M74.6M45.9M
Net Tangible Assets773.8M911.5M1.8B2.0B2.3B2.4B
Short Term Investments87.1M2.7M229.8M131.2M181.0M127.5M
Deferred Long Term Liab1.7M1.0M1.8M4.8M5.5M5.8M
Net Invested Capital866.0M999.8M2.0B2.6B2.7B1.7B
Net Working Capital512.6M581.6M1.4B1.7B1.7B1.0B

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Other Information on Investing in Puyang Stock

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