YiDong Tax Provision vs Minority Interest Analysis
| 301123 Stock | 21.03 0.23 1.08% |
YiDong Electronics financial indicator trend analysis is more than just analyzing YiDong Electronics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YiDong Electronics is a good investment. Please check the relationship between YiDong Electronics Tax Provision and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in YiDong Electronics Technology. 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 Minority Interest
Tax Provision vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YiDong Electronics Tax Provision account and Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between YiDong Electronics' Tax Provision and Minority Interest is -0.38. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Minority Interest in the same time period over historical financial statements of YiDong Electronics Technology, assuming nothing else is changed. The correlation between historical values of YiDong Electronics' Tax Provision and Minority Interest 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 YiDong Electronics Technology are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Tax Provision i.e., YiDong Electronics' Tax Provision and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.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 YiDong Electronics Technology whose combined shares represent less than 50% of the total outstanding shares issued by YiDong Electronics have a minority interest in YiDong Electronics.Most indicators from YiDong Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YiDong Electronics 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 YiDong Electronics Technology. 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 (16.6 M). In addition to that, Selling General Administrative is expected to decline to about 57.2 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.2M | 2.0M | 1.4M | 1.4M | Interest Income | 698.2K | 42.8M | 34.5M | 18.7M |
YiDong Electronics fundamental ratios Correlations
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YiDong Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of YiDong Electronics at a specified time, usually calculated after every quarter, six months, or one year. YiDong Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of YiDong Electronics 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 YiDong currently owns. An asset can also be divided into two categories, current and non-current.