| 688036 Stock | | | 94.72 9.67 11.37% |
Shenzhen Transsion financial indicator trend analysis is much more than just breaking down Shenzhen Transsion prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Transsion is a good investment. Please check the relationship between Shenzhen Transsion Income Tax Expense and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Transsion Holdings. 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 Tax Expense vs Other Operating Expenses
Income Tax Expense vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Transsion Income Tax Expense account and
Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shenzhen Transsion's Income Tax Expense and Other Operating Expenses is -0.48. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Shenzhen Transsion Holdings, assuming nothing else is changed. The correlation between historical values of Shenzhen Transsion's Income Tax Expense 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 Tax Expense of Shenzhen Transsion Holdings 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 Tax Expense i.e., Shenzhen Transsion's Income Tax Expense and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.48 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Income Tax Expense
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shenzhen Transsion. It is also known as Shenzhen Transsion 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 Shenzhen Transsion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Transsion 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 Shenzhen Transsion Holdings. 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 1.2
B, whereas
Selling General Administrative is forecasted to decline to about 3.7
B.
Shenzhen Transsion fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Transsion Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Transsion fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Transsion at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Transsion Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Transsion 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.