Kangping Minority Interest vs Income Before Tax Analysis
| 300907 Stock | 23.80 0.26 1.08% |
Kangping Technology financial indicator trend analysis is infinitely more than just investigating Kangping Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kangping Technology is a good investment. Please check the relationship between Kangping Technology Minority Interest and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kangping Technology Co. 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.
Minority Interest vs Income Before Tax
Minority Interest vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kangping Technology Minority Interest account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kangping Technology's Minority Interest and Income Before Tax is -0.23. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Kangping Technology Co, assuming nothing else is changed. The correlation between historical values of Kangping Technology's Minority Interest 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 Minority Interest of Kangping Technology Co 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 Minority Interest i.e., Kangping Technology's Minority Interest and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Kangping Technology Co whose combined shares represent less than 50% of the total outstanding shares issued by Kangping Technology have a minority interest in Kangping Technology.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Kangping Technology income statement and is an important metric when analyzing Kangping Technology 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 Kangping Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kangping 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 Kangping Technology Co. 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 Tax Provision is expected to grow to about 5.1 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.3M | 5.7M | 3.3M | 3.9M | Interest Income | 1.6M | 1.1M | 2.9M | 1.7M |
Kangping Technology fundamental ratios Correlations
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Kangping Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Kangping Technology at a specified time, usually calculated after every quarter, six months, or one year. Kangping Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kangping 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 Kangping currently owns. An asset can also be divided into two categories, current and non-current.