CIMC Tax Provision vs Gross Profit Analysis

301039 Stock   9.91  0.20  1.98%   
CIMC Vehicles financial indicator trend analysis is way more than just evaluating CIMC Vehicles prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CIMC Vehicles is a good investment. Please check the relationship between CIMC Vehicles Tax Provision and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CIMC Vehicles 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 nation.

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

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

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CIMC Vehicles Co minus its cost of goods sold. It is profit before CIMC Vehicles operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from CIMC Vehicles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CIMC Vehicles 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 CIMC Vehicles 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 nation.
As of December 4, 2024, Tax Provision is expected to decline to about 408.2 M. In addition to that, Selling General Administrative is expected to decline to about 1.7 B
 2021 2022 2023 2024 (projected)
Interest Expense44.8M46.8M11.1M10.6M
Interest Income62.0M73.3M121.7M90.6M

CIMC Vehicles fundamental ratios Correlations

-0.490.970.920.870.980.950.550.760.97-0.730.69-0.970.820.980.940.93-0.170.97-0.970.990.970.94-0.69-0.790.92
-0.49-0.48-0.49-0.27-0.39-0.410.0-0.06-0.460.74-0.20.34-0.12-0.34-0.39-0.180.93-0.530.48-0.51-0.47-0.440.960.75-0.55
0.97-0.480.970.750.960.860.450.630.97-0.60.62-0.910.70.950.920.86-0.190.99-0.930.990.990.99-0.69-0.730.85
0.92-0.490.970.640.940.760.270.550.97-0.50.66-0.830.630.90.820.77-0.230.96-0.90.960.970.99-0.7-0.650.73
0.87-0.270.750.640.850.970.690.960.78-0.790.74-0.950.970.90.850.960.090.73-0.90.80.730.68-0.42-0.730.89
0.98-0.390.960.940.850.910.510.780.97-0.630.75-0.950.840.990.870.92-0.060.94-0.960.980.960.95-0.61-0.660.84
0.95-0.410.860.760.970.910.680.880.86-0.820.68-0.990.90.950.930.96-0.070.86-0.940.90.850.8-0.58-0.810.96
0.550.00.450.270.690.510.680.590.34-0.490.08-0.670.570.560.620.690.20.48-0.430.480.50.37-0.14-0.320.7
0.76-0.060.630.550.960.780.880.590.71-0.640.82-0.870.990.840.720.920.30.59-0.830.70.610.58-0.21-0.560.73
0.97-0.460.970.970.780.970.860.340.71-0.610.78-0.910.780.960.860.86-0.150.95-0.970.980.950.97-0.67-0.720.8
-0.730.74-0.6-0.5-0.79-0.63-0.82-0.49-0.64-0.61-0.50.72-0.66-0.65-0.69-0.640.49-0.630.75-0.67-0.58-0.510.760.9-0.87
0.69-0.20.620.660.740.750.680.080.820.78-0.5-0.690.860.760.520.720.120.56-0.830.680.580.62-0.32-0.50.5
-0.970.34-0.91-0.83-0.95-0.95-0.99-0.67-0.87-0.910.72-0.69-0.9-0.98-0.95-0.99-0.01-0.90.95-0.94-0.9-0.870.540.75-0.94
0.82-0.120.70.630.970.840.90.570.990.78-0.660.86-0.90.890.750.940.240.66-0.880.760.680.65-0.28-0.60.76
0.98-0.340.950.90.90.990.950.560.840.96-0.650.76-0.980.890.920.970.00.93-0.970.970.940.93-0.55-0.70.87
0.94-0.390.920.820.850.870.930.620.720.86-0.690.52-0.950.750.920.92-0.10.92-0.890.910.90.88-0.59-0.820.94
0.93-0.180.860.770.960.920.960.690.920.86-0.640.72-0.990.940.970.920.180.84-0.920.880.850.82-0.39-0.660.88
-0.170.93-0.19-0.230.09-0.06-0.070.20.3-0.150.490.12-0.010.240.0-0.10.18-0.260.13-0.21-0.2-0.170.830.51-0.26
0.97-0.530.990.960.730.940.860.480.590.95-0.630.56-0.90.660.930.920.84-0.26-0.910.990.990.98-0.74-0.750.87
-0.970.48-0.93-0.9-0.9-0.96-0.94-0.43-0.83-0.970.75-0.830.95-0.88-0.97-0.89-0.920.13-0.91-0.96-0.9-0.90.650.8-0.88
0.99-0.510.990.960.80.980.90.480.70.98-0.670.68-0.940.760.970.910.88-0.210.99-0.960.990.98-0.72-0.750.88
0.97-0.470.990.970.730.960.850.50.610.95-0.580.58-0.90.680.940.90.85-0.20.99-0.90.990.99-0.69-0.680.84
0.94-0.440.990.990.680.950.80.370.580.97-0.510.62-0.870.650.930.880.82-0.170.98-0.90.980.99-0.66-0.660.78
-0.690.96-0.69-0.7-0.42-0.61-0.58-0.14-0.21-0.670.76-0.320.54-0.28-0.55-0.59-0.390.83-0.740.65-0.72-0.69-0.660.81-0.69
-0.790.75-0.73-0.65-0.73-0.66-0.81-0.32-0.56-0.720.9-0.50.75-0.6-0.7-0.82-0.660.51-0.750.8-0.75-0.68-0.660.81-0.88
0.92-0.550.850.730.890.840.960.70.730.8-0.870.5-0.940.760.870.940.88-0.260.87-0.880.880.840.78-0.69-0.88
Click cells to compare fundamentals

CIMC Vehicles Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in CIMC Stock

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