CSSC Tax Provision vs Gross Profit Analysis

600685 Stock

25.07 0.59 2.41%

CSSC Offshore financial indicator trend analysis is way more than just evaluating CSSC Offshore Marine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CSSC Offshore Marine is a good investment. Please check the relationship between CSSC Offshore Tax Provision and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSSC Offshore Marine. 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 CSSC Offshore Marine Tax Provision account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between CSSC Offshore's Tax Provision and Gross Profit is -0.02. 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 CSSC Offshore Marine, assuming nothing else is changed. The correlation between historical values of CSSC Offshore's 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 CSSC Offshore Marine 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., CSSC Offshore's Tax Provision and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CSSC Offshore Marine minus its cost of goods sold. It is profit before CSSC Offshore 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 CSSC Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CSSC Offshore Marine 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 CSSC Offshore Marine. 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 Selling General Administrative is expected to grow to about 341.7 M, whereas Tax Provision is projected to grow to (108 K).

	2021	2022	2023	2024 (projected)
Cost Of Revenue	10.5B	11.9B	15.1B	13.9B
Research Development	617.5M	576.3M	658.5M	577.0M

Cost Of Revenue Research Development

CSSC Offshore fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.46	0.88	-0.4	0.48	-0.32	-0.27	0.49	0.75	-0.21	0.41	0.32	-0.11	0.31	0.41	-0.46	0.8	-0.37	0.32	0.83	-0.39	0.52	0.46	0.48	-0.17	0.24
Other Current Liab	0.46		0.6	-0.59	0.71	-0.58	0.07	-0.17	0.48	-0.63	0.47	-0.05	0.28	0.57	0.88	-0.63	0.63	-0.62	0.15	0.59	-0.75	0.61	0.82	0.51	-0.61	0.52
Total Current Liabilities	0.88	0.6		-0.68	0.71	-0.62	-0.28	0.45	0.86	-0.57	0.6	0.28	-0.18	0.56	0.45	-0.67	0.96	-0.66	0.2	0.96	-0.63	0.78	0.39	0.7	-0.45	0.4
Total Stockholder Equity	-0.4	-0.59	-0.68		-0.66	0.99	0.55	-0.21	-0.37	0.79	-0.84	-0.47	0.22	-0.67	-0.56	0.94	-0.79	0.49	-0.27	-0.75	0.78	-0.99	-0.43	-0.96	0.78	-0.12
Other Liab	0.48	0.71	0.71	-0.66		-0.65	0.11	0.09	0.66	-0.82	0.73	-0.12	0.14	0.85	0.38	-0.59	0.82	-0.58	-0.31	0.76	-0.88	0.73	0.35	0.59	-0.65	0.79
Net Tangible Assets	-0.32	-0.58	-0.62	0.99	-0.65		0.55	-0.21	-0.32	0.79	-0.82	-0.47	0.21	-0.64	-0.55	0.9	-0.75	0.49	-0.27	-0.69	0.75	-0.97	-0.37	-0.95	0.75	-0.12
Retained Earnings	-0.27	0.07	-0.28	0.55	0.11	0.55		-0.38	0.16	-0.02	-0.28	-0.95	0.43	0.13	-0.24	0.46	-0.27	-0.13	-0.71	-0.24	-0.01	-0.53	-0.05	-0.67	0.04	0.67
Accounts Payable	0.49	-0.17	0.45	-0.21	0.09	-0.21	-0.38		0.37	0.09	0.17	0.51	-0.15	-0.1	-0.17	-0.14	0.38	-0.18	0.41	0.42	0.16	0.28	-0.19	0.27	0.15	-0.13
Cash	0.75	0.48	0.86	-0.37	0.66	-0.32	0.16	0.37		-0.54	0.47	-0.16	-0.13	0.59	0.19	-0.4	0.82	-0.73	-0.13	0.86	-0.54	0.49	0.22	0.38	-0.39	0.65
Other Assets	-0.21	-0.63	-0.57	0.79	-0.82	0.79	-0.02	0.09	-0.54		-0.84	0.15	0.04	-0.94	-0.36	0.76	-0.73	0.67	0.29	-0.7	0.94	-0.79	-0.33	-0.69	0.93	-0.59
Long Term Debt	0.41	0.47	0.6	-0.84	0.73	-0.82	-0.28	0.17	0.47	-0.84		0.17	-0.16	0.88	0.35	-0.78	0.8	-0.38	-0.07	0.77	-0.85	0.86	0.32	0.85	-0.81	0.33
Net Receivables	0.32	-0.05	0.28	-0.47	-0.12	-0.47	-0.95	0.51	-0.16	0.15	0.17		-0.41	-0.26	0.27	-0.4	0.23	0.19	0.81	0.2	0.11	0.46	0.08	0.58	0.1	-0.67
Short Term Investments	-0.11	0.28	-0.18	0.22	0.14	0.21	0.43	-0.15	-0.13	0.04	-0.16	-0.41		0.0	0.13	0.24	-0.16	-0.23	-0.19	-0.15	-0.03	-0.21	0.29	-0.33	-0.01	0.34
Inventory	0.31	0.57	0.56	-0.67	0.85	-0.64	0.13	-0.1	0.59	-0.94	0.88	-0.26	0.0		0.27	-0.65	0.75	-0.54	-0.43	0.72	-0.94	0.71	0.31	0.61	-0.87	0.68
Other Current Assets	0.41	0.88	0.45	-0.56	0.38	-0.55	-0.24	-0.17	0.19	-0.36	0.35	0.27	0.13	0.27		-0.62	0.44	-0.34	0.53	0.41	-0.52	0.54	0.88	0.53	-0.44	0.08
Other Stockholder Equity	-0.46	-0.63	-0.67	0.94	-0.59	0.9	0.46	-0.14	-0.4	0.76	-0.78	-0.4	0.24	-0.65	-0.62		-0.76	0.48	-0.31	-0.74	0.79	-0.92	-0.61	-0.88	0.84	-0.1
Total Liab	0.8	0.63	0.96	-0.79	0.82	-0.75	-0.27	0.38	0.82	-0.73	0.8	0.23	-0.16	0.75	0.44	-0.76		-0.63	0.08	0.99	-0.79	0.88	0.4	0.81	-0.62	0.47
Long Term Investments	-0.37	-0.62	-0.66	0.49	-0.58	0.49	-0.13	-0.18	-0.73	0.67	-0.38	0.19	-0.23	-0.54	-0.34	0.48	-0.63		0.05	-0.67	0.56	-0.53	-0.32	-0.38	0.57	-0.55
Short Long Term Debt	0.32	0.15	0.2	-0.27	-0.31	-0.27	-0.71	0.41	-0.13	0.29	-0.07	0.81	-0.19	-0.43	0.53	-0.31	0.08	0.05		0.1	0.23	0.24	0.38	0.35	0.15	-0.67
Total Current Assets	0.83	0.59	0.96	-0.75	0.76	-0.69	-0.24	0.42	0.86	-0.7	0.77	0.2	-0.15	0.72	0.41	-0.74	0.99	-0.67	0.1		-0.75	0.83	0.41	0.76	-0.62	0.44
Short Term Debt	-0.39	-0.75	-0.63	0.78	-0.88	0.75	-0.01	0.16	-0.54	0.94	-0.85	0.11	-0.03	-0.94	-0.52	0.79	-0.79	0.56	0.23	-0.75		-0.8	-0.55	-0.7	0.9	-0.61
Intangible Assets	0.52	0.61	0.78	-0.99	0.73	-0.97	-0.53	0.28	0.49	-0.79	0.86	0.46	-0.21	0.71	0.54	-0.92	0.88	-0.53	0.24	0.83	-0.8		0.42	0.97	-0.75	0.2
Common Stock	0.46	0.82	0.39	-0.43	0.35	-0.37	-0.05	-0.19	0.22	-0.33	0.32	0.08	0.29	0.31	0.88	-0.61	0.4	-0.32	0.38	0.41	-0.55	0.42		0.35	-0.52	0.15
Property Plant Equipment	0.48	0.51	0.7	-0.96	0.59	-0.95	-0.67	0.27	0.38	-0.69	0.85	0.58	-0.33	0.61	0.53	-0.88	0.81	-0.38	0.35	0.76	-0.7	0.97	0.35		-0.66	0.02
Non Current Assets Total	-0.17	-0.61	-0.45	0.78	-0.65	0.75	0.04	0.15	-0.39	0.93	-0.81	0.1	-0.01	-0.87	-0.44	0.84	-0.62	0.57	0.15	-0.62	0.9	-0.75	-0.52	-0.66		-0.39
Non Currrent Assets Other	0.24	0.52	0.4	-0.12	0.79	-0.12	0.67	-0.13	0.65	-0.59	0.33	-0.67	0.34	0.68	0.08	-0.1	0.47	-0.55	-0.67	0.44	-0.61	0.2	0.15	0.02	-0.39

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CSSC Offshore Account Relationship Matchups

CSSC Offshore fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.3B	38.9B	44.3B	46.5B	50.9B	37.3B
Other Current Liab	9.1B	6.9B	11.0B	13.6B	167.1M	158.7M
Total Current Liabilities	29.4B	18.5B	21.0B	24.4B	26.5B	20.1B
Total Stockholder Equity	10.1B	14.4B	15.5B	15.6B	16.4B	13.8B
Other Liab	1.2B	673.6M	1.2B	1.0B	920.6M	1.1B
Net Tangible Assets	7.9B	13.5B	14.6B	14.7B	16.9B	11.5B
Retained Earnings	(642.9M)	3.0B	2.9B	3.3B	2.3B	1.8B
Accounts Payable	11.8B	6.7B	7.2B	6.3B	8.8B	8.4B
Cash	14.3B	8.8B	9.6B	14.8B	16.4B	10.3B
Other Assets	3.3B	2.9B	3.7B	3.4B	3.9B	2.6B
Long Term Debt	6.0B	2.1B	3.2B	2.2B	3.3B	3.9B
Net Receivables	11.8B	1.2B	1.1B	1.1B	2.1B	3.3B
Short Term Investments	48.8M	1.1B	3.3B	29.9M	9.1M	8.7M
Inventory	4.3B	4.2B	4.9B	4.4B	5.4B	5.5B
Other Current Assets	2.7B	1.8B	2.3B	3.0B	445.7M	423.4M
Other Stockholder Equity	(41.3M)	699.0M	1.9B	1.5B	1.7B	1.8B
Total Liab	36.8B	21.4B	25.6B	27.7B	31.3B	25.1B
Short Long Term Debt	6.1B	2.0B	1.9B	2.9B	780.5M	741.5M
Total Current Assets	33.2B	21.8B	24.1B	25.8B	29.8B	23.0B
Intangible Assets	2.1B	918.9M	933.6M	910.4M	886.4M	1.2B
Property Plant Equipment	12.8B	4.4B	5.2B	5.8B	5.2B	7.6B
Non Current Assets Total	19.1B	17.1B	20.2B	20.6B	21.0B	20.2B
Non Currrent Assets Other	78.0M	389.9M	728.1M	736.4M	596.5M	523.8M
Non Current Liabilities Total	7.3B	2.9B	4.6B	3.4B	4.8B	4.8B
Non Current Liabilities Other	694.9M	146.7M	314.5M	302.8M	267.8M	357.4M
Deferred Long Term Liab	75.6M	21.2M	51.2M	49.6M	44.6M	48.7M
Net Invested Capital	22.3B	18.6B	20.6B	20.7B	20.5B	22.4B
Net Working Capital	3.8B	3.3B	3.1B	1.5B	3.3B	2.6B

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Other Information on Investing in CSSC Stock

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

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CSSC Tax Provision vs Gross Profit Analysis

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

Correlation Coefficient

Tax Provision

Gross Profit

CSSC Offshore fundamental ratios Correlations

CSSC Offshore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CSSC Offshore fundamental ratios Accounts

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Other Information on Investing in CSSC Stock

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Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Liab
Property Plant Equipment	+ 0.97	Intangible Assets
Total Liab	+ 0.96	Total Current Liabilities
Total Current Assets	+ 0.96	Total Current Liabilities
Other Stockholder Equity	+ 0.94	Total Stockholder Equity

Intangible Assets	- 0.99	Total Stockholder Equity
Intangible Assets	- 0.97	Net Tangible Assets
Property Plant Equipment	- 0.96	Total Stockholder Equity
Net Receivables	- 0.95	Retained Earnings
Property Plant Equipment	- 0.95	Net Tangible Assets
Short Term Debt	- 0.94	Inventory