Hangzhou Tax Provision vs Research Development Analysis

300710 Stock

20.62 0.33 1.63%

Hangzhou Prevail financial indicator trend analysis is much more than just examining Hangzhou Prevail Opt latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Prevail Opt is a good investment. Please check the relationship between Hangzhou Prevail Tax Provision and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Prevail Optoelectronic. 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.

Tax Provision vs Research Development

Tax Provision vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Prevail Opt Tax Provision account and Research Development. At this time, the significance of the direction appears to have no relationship.

The correlation between Hangzhou Prevail's Tax Provision and Research Development is 0.07. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Research Development in the same time period over historical financial statements of Hangzhou Prevail Optoelectronic, assuming nothing else is changed. The correlation between historical values of Hangzhou Prevail's Tax Provision and Research Development 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 Hangzhou Prevail Optoelectronic are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Tax Provision i.e., Hangzhou Prevail's Tax Provision and Research Development go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Research Development

Most indicators from Hangzhou Prevail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Prevail Opt 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 Hangzhou Prevail Optoelectronic. 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 34.8 M, whereas Tax Provision is forecasted to decline to about 6.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	150.1M	148.9M	96.6M	98.6M
Total Revenue	728.6M	530.6M	358.2M	502.7M

Gross Profit Total Revenue

Hangzhou Prevail fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.29	0.89	0.97	0.8	0.87	0.95	0.7	0.95	0.86	0.36	0.75	0.58	0.7	-0.12	0.73	0.88	0.51	0.8	-0.35	-0.18	0.85	0.92	0.82	0.42	0.85
Other Current Liab	0.29		0.38	0.19	-0.22	0.0	0.13	0.27	0.21	-0.01	0.19	0.32	0.66	0.16	0.25	0.09	0.37	-0.06	0.61	0.36	0.31	0.11	0.15	-0.09	-0.44	-0.1
Total Current Liabilities	0.89	0.38		0.75	0.77	0.59	0.87	0.84	0.83	0.74	0.44	0.79	0.65	0.84	0.09	0.47	1.0	0.53	0.74	-0.23	0.19	0.74	0.65	0.75	0.22	0.78
Total Stockholder Equity	0.97	0.19	0.75		0.78	0.95	0.93	0.57	0.94	0.84	0.28	0.62	0.48	0.58	-0.19	0.8	0.75	0.46	0.75	-0.39	-0.36	0.81	0.97	0.8	0.5	0.83
Other Liab	0.8	-0.22	0.77	0.78		0.76	0.86	0.58	0.79	0.88	0.16	0.56	0.16	0.72	-0.24	0.63	0.77	0.67	0.37	-0.6	-0.1	0.74	0.74	0.91	0.68	0.97
Net Tangible Assets	0.87	0.0	0.59	0.95	0.76		0.87	0.42	0.9	0.81	0.18	0.46	0.29	0.54	-0.22	0.84	0.59	0.45	0.63	-0.4	-0.48	0.69	0.96	0.8	0.6	0.8
Retained Earnings	0.95	0.13	0.87	0.93	0.86	0.87		0.79	0.97	0.81	0.46	0.6	0.56	0.78	0.02	0.6	0.87	0.41	0.76	-0.34	-0.2	0.79	0.85	0.85	0.39	0.84
Accounts Payable	0.7	0.27	0.84	0.57	0.58	0.42	0.79		0.75	0.43	0.8	0.53	0.8	0.82	0.4	0.07	0.85	0.04	0.74	-0.06	0.09	0.56	0.41	0.54	-0.13	0.48
Cash	0.95	0.21	0.83	0.94	0.79	0.9	0.97	0.75		0.75	0.45	0.61	0.59	0.8	0.06	0.66	0.83	0.35	0.83	-0.32	-0.31	0.7	0.88	0.78	0.33	0.78
Non Current Assets Total	0.86	-0.01	0.74	0.84	0.88	0.81	0.81	0.43	0.75		0.11	0.61	0.25	0.52	-0.47	0.79	0.73	0.77	0.42	-0.43	0.01	0.9	0.84	0.96	0.79	0.94
Non Currrent Assets Other	0.36	0.19	0.44	0.28	0.16	0.18	0.46	0.8	0.45	0.11		0.28	0.84	0.5	0.42	-0.19	0.45	-0.35	0.59	0.26	0.03	0.39	0.15	0.25	-0.33	0.04
Other Assets	0.75	0.32	0.79	0.62	0.56	0.46	0.6	0.53	0.61	0.61	0.28		0.47	0.6	-0.09	0.59	0.78	0.6	0.62	-0.3	-0.02	0.66	0.61	0.53	0.21	0.65
Net Receivables	0.58	0.66	0.65	0.48	0.16	0.29	0.56	0.8	0.59	0.25	0.84	0.47		0.52	0.36	0.05	0.64	-0.18	0.84	0.28	0.13	0.5	0.36	0.29	-0.34	0.14
Non Current Liabilities Total	0.7	0.16	0.84	0.58	0.72	0.54	0.78	0.82	0.8	0.52	0.5	0.6	0.52		0.35	0.35	0.86	0.37	0.65	-0.2	0.05	0.43	0.5	0.65	0.1	0.64
Inventory	-0.12	0.25	0.09	-0.19	-0.24	-0.22	0.02	0.4	0.06	-0.47	0.42	-0.09	0.36	0.35		-0.52	0.11	-0.45	0.37	0.58	0.05	-0.44	-0.36	-0.32	-0.76	-0.35
Other Current Assets	0.73	0.09	0.47	0.8	0.63	0.84	0.6	0.07	0.66	0.79	-0.19	0.59	0.05	0.35	-0.52		0.47	0.71	0.42	-0.5	-0.35	0.61	0.9	0.69	0.73	0.77
Total Liab	0.88	0.37	1.0	0.75	0.77	0.59	0.87	0.85	0.83	0.73	0.45	0.78	0.64	0.86	0.11	0.47		0.52	0.74	-0.23	0.18	0.73	0.65	0.75	0.21	0.78
Short Long Term Debt	0.51	-0.06	0.53	0.46	0.67	0.45	0.41	0.04	0.35	0.77	-0.35	0.6	-0.18	0.37	-0.45	0.71	0.52		0.07	-0.38	0.21	0.53	0.51	0.69	0.75	0.79
Total Current Assets	0.8	0.61	0.74	0.75	0.37	0.63	0.76	0.74	0.83	0.42	0.59	0.62	0.84	0.65	0.37	0.42	0.74	0.07		0.1	-0.2	0.5	0.65	0.42	-0.15	0.4
Non Current Liabilities Other	-0.35	0.36	-0.23	-0.39	-0.6	-0.4	-0.34	-0.06	-0.32	-0.43	0.26	-0.3	0.28	-0.2	0.58	-0.5	-0.23	-0.38	0.1		0.39	-0.33	-0.49	-0.36	-0.55	-0.59
Short Term Debt	-0.18	0.31	0.19	-0.36	-0.1	-0.48	-0.2	0.09	-0.31	0.01	0.03	-0.02	0.13	0.05	0.05	-0.35	0.18	0.21	-0.2	0.39		0.04	-0.41	0.05	-0.09	-0.09
Intangible Assets	0.85	0.11	0.74	0.81	0.74	0.69	0.79	0.56	0.7	0.9	0.39	0.66	0.5	0.43	-0.44	0.61	0.73	0.53	0.5	-0.33	0.04		0.78	0.85	0.59	0.79
Common Stock	0.92	0.15	0.65	0.97	0.74	0.96	0.85	0.41	0.88	0.84	0.15	0.61	0.36	0.5	-0.36	0.9	0.65	0.51	0.65	-0.49	-0.41	0.78		0.78	0.6	0.82
Property Plant Equipment	0.82	-0.09	0.75	0.8	0.91	0.8	0.85	0.54	0.78	0.96	0.25	0.53	0.29	0.65	-0.32	0.69	0.75	0.69	0.42	-0.36	0.05	0.85	0.78		0.74	0.92
Common Stock Shares Outstanding	0.42	-0.44	0.22	0.5	0.68	0.6	0.39	-0.13	0.33	0.79	-0.33	0.21	-0.34	0.1	-0.76	0.73	0.21	0.75	-0.15	-0.55	-0.09	0.59	0.6	0.74		0.74
Net Invested Capital	0.85	-0.1	0.78	0.83	0.97	0.8	0.84	0.48	0.78	0.94	0.04	0.65	0.14	0.64	-0.35	0.77	0.78	0.79	0.4	-0.59	-0.09	0.79	0.82	0.92	0.74

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Hangzhou Prevail Account Relationship Matchups

Hangzhou Prevail fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	933.1M	1.0B	1.0B	887.5M	894.2M	909.3M
Other Current Liab	54.3M	42.4M	25.0M	5.1M	3.5M	3.3M
Total Current Liabilities	253.8M	336.0M	295.3M	216.1M	204.3M	233.9M
Total Stockholder Equity	586.2M	643.9M	671.4M	649.8M	659.0M	640.5M
Other Liab	151.0K	2.4M	11.6M	11.3M	13.0M	13.7M
Net Tangible Assets	471.3M	410.7M	536.3M	550.8M	633.5M	520.1M
Retained Earnings	187.5M	245.1M	272.6M	219.8M	209.9M	222.8M
Accounts Payable	118.2M	159.3M	221.2M	81.3M	57.1M	113.3M
Cash	76.5M	127.4M	134.9M	78.6M	98.9M	97.7M
Non Current Assets Total	250.7M	271.2M	283.2M	417.1M	464.5M	264.3M
Non Currrent Assets Other	1.3M	704.5K	2.3M	160.5K	184.6K	175.4K
Other Assets	14.6M	26.1M	24.7M	17.0M	19.6M	20.6M
Net Receivables	352.1M	298.9M	377.0M	233.0M	224.2M	227.2M
Non Current Liabilities Total	2.4M	18.5M	13.9M	98.5K	7.3M	5.9M
Inventory	90.5M	144.4M	126.2M	90.1M	58.3M	83.7M
Other Current Assets	5.7M	6.5M	2.4M	5.8M	10.3M	6.1M
Total Liab	256.2M	354.5M	309.2M	216.2M	211.6M	239.8M
Short Long Term Debt	61.6M	98.5M	15.0M	95.6M	113.1M	64.5M
Total Current Assets	682.5M	763.9M	720.1M	470.4M	429.8M	469.1M
Intangible Assets	24.3M	8.9M	21.7M	22.3M	20.7M	14.8M
Property Plant Equipment	30.8M	37.0M	48.7M	55.9M	64.3M	41.1M
Net Invested Capital	647.8M	742.4M	686.4M	745.5M	772.1M	753.3M
Net Working Capital	428.6M	427.8M	424.8M	254.3M	225.5M	312.7M

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Other Information on Investing in Hangzhou Stock

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

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Hangzhou Tax Provision vs Research Development Analysis

Tax Provision vs Research Development

Tax Provision vs Research Development Correlation Analysis

Correlation Coefficient

Tax Provision

Research Development

Hangzhou Prevail fundamental ratios Correlations

Hangzhou Prevail Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hangzhou Prevail fundamental ratios Accounts

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Other Information on Investing in Hangzhou Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.97	Total Assets
Common Stock	+ 0.97	Total Stockholder Equity
Net Invested Capital	+ 0.97	Other Liab
Cash	+ 0.97	Retained Earnings
Common Stock	+ 0.96	Net Tangible Assets

Common Stock Shares Outstanding	- 0.76	Inventory
Non Current Liabilities Other	- 0.6	Other Liab
Net Invested Capital	- 0.59	Non Current Liabilities Other
Common Stock Shares Outstanding	- 0.55	Non Current Liabilities Other
Other Current Assets	- 0.52	Inventory
Non Current Liabilities Other	- 0.5	Other Current Assets