| 603677 Stock | | | 14.14 0.47 3.44% |
Qijing Machinery financial indicator trend analysis is much more than just breaking down Qijing Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qijing Machinery is a good investment. Please check the relationship between Qijing Machinery Income Before Tax and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Qijing Machinery. 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.
Income Before Tax vs Other Operating Expenses
Income Before Tax vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Qijing Machinery Income Before Tax account and
Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Qijing Machinery's Income Before Tax and Other Operating Expenses is -0.4. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Qijing Machinery, assuming nothing else is changed. The correlation between historical values of Qijing Machinery's Income Before Tax and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Qijing Machinery are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Before Tax i.e., Qijing Machinery's Income Before Tax and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.4 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Qijing Machinery income statement and is an important metric when analyzing Qijing Machinery 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Qijing Machinery. It is also known as Qijing Machinery overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Qijing Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qijing Machinery 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 Qijing Machinery. 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 45.6
M, whereas
Tax Provision is forecasted to decline to about 4.3
M.
Qijing Machinery fundamental ratios Correlations
Click cells to compare fundamentals
Qijing Machinery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qijing Machinery fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Qijing Stock
Balance Sheet is a snapshot of the
financial position of Qijing Machinery at a specified time, usually calculated after every quarter, six months, or one year. Qijing Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qijing Machinery 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 Qijing currently owns. An asset can also be divided into two categories, current and non-current.