Liaoning Selling General Administrative vs Tax Provision Analysis
603255 Stock | 32.21 1.07 3.44% |
Liaoning Dingjide financial indicator trend analysis is infinitely more than just investigating Liaoning Dingjide recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Dingjide is a good investment. Please check the relationship between Liaoning Dingjide Selling General Administrative and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Dingjide Petrochemical. 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.
Selling General Administrative vs Tax Provision
Selling General Administrative vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Dingjide Selling General Administrative account and Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Liaoning Dingjide's Selling General Administrative and Tax Provision is -0.7. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Liaoning Dingjide Petrochemical, assuming nothing else is changed. The correlation between historical values of Liaoning Dingjide's Selling General Administrative and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Liaoning Dingjide Petrochemical are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Selling General Administrative i.e., Liaoning Dingjide's Selling General Administrative and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Selling General Administrative
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.Most indicators from Liaoning Dingjide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Dingjide 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 Liaoning Dingjide Petrochemical. 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 10.7 M, whereas Selling General Administrative is forecasted to decline to about 36.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.3M | 8.4M | 6.2M | 7.4M | Interest Income | 116.0K | 3.9M | 8.1M | 8.5M |
Liaoning Dingjide fundamental ratios Correlations
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Liaoning Dingjide Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Liaoning Dingjide at a specified time, usually calculated after every quarter, six months, or one year. Liaoning Dingjide Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Liaoning Dingjide 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 Liaoning currently owns. An asset can also be divided into two categories, current and non-current.