Qiming Tax Provision vs Income Tax Expense Analysis

002232 Stock

19.87 0.05 0.25%

Qiming Information financial indicator trend analysis is much more than just breaking down Qiming Information prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qiming Information is a good investment. Please check the relationship between Qiming Information Tax Provision and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qiming Information 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 Income Tax Expense

Tax Provision vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qiming Information Tax Provision account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Qiming Information's Tax Provision and Income Tax Expense is 0.86. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Qiming Information Technology, assuming nothing else is changed. The correlation between historical values of Qiming Information's Tax Provision and Income Tax Expense 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 Qiming Information Technology are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Tax Provision i.e., Qiming Information's Tax Provision and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Income Tax Expense

Most indicators from Qiming Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qiming Information 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 Qiming Information 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 Selling General Administrative is expected to grow to about 23.3 M. The current year's Tax Provision is expected to grow to about 10.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	234.6M	275.7M	145.5M	233.1M
Total Revenue	1.1B	1.5B	1.2B	1.4B

Gross Profit Total Revenue

Qiming Information fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total
Total Assets		0.46	0.97	0.99	0.72	0.32	-0.68	0.9	0.84	0.76	0.36	0.37	-0.12	0.76	0.74	0.87	0.36	0.57	0.31	0.75	0.98	0.94	-0.04	0.9	0.35	-0.19
Other Current Liab	0.46		0.49	0.43	0.35	-0.03	-0.64	0.46	0.5	0.53	-0.1	-0.02	-0.26	0.53	0.56	0.49	-0.22	-0.14	0.44	0.25	0.47	0.53	-0.16	0.35	0.03	-0.36
Total Current Liabilities	0.97	0.49		0.96	0.65	0.17	-0.66	0.92	0.82	0.72	0.23	0.48	-0.18	0.72	0.8	0.78	0.3	0.61	0.33	0.65	0.99	0.96	-0.14	0.8	0.2	-0.24
Total Stockholder Equity	0.99	0.43	0.96		0.67	0.25	-0.67	0.93	0.82	0.74	0.33	0.35	-0.16	0.74	0.76	0.87	0.28	0.57	0.38	0.71	0.95	0.94	-0.06	0.89	0.29	-0.21
Other Liab	0.72	0.35	0.65	0.67		0.64	-0.42	0.46	0.48	0.55	0.64	0.29	0.31	0.55	0.25	0.73	0.69	0.4	0.05	0.72	0.72	0.53	0.41	0.79	0.67	0.1
Property Plant And Equipment Net	0.32	-0.03	0.17	0.25	0.64		-0.08	-0.12	0.25	0.2	0.87	-0.22	0.61	0.2	-0.22	0.5	0.66	0.05	-0.27	0.79	0.26	0.01	0.66	0.61	0.98	0.29
Net Debt	-0.68	-0.64	-0.66	-0.67	-0.42	-0.08		-0.65	-0.76	-0.94	0.17	-0.34	0.52	-0.94	-0.5	-0.59	-0.08	-0.13	-0.26	-0.46	-0.66	-0.79	0.49	-0.55	-0.05	0.59
Retained Earnings	0.9	0.46	0.92	0.93	0.46	-0.12	-0.65		0.76	0.67	0.02	0.45	-0.36	0.67	0.87	0.69	0.06	0.57	0.49	0.41	0.88	0.95	-0.31	0.67	-0.07	-0.36
Accounts Payable	0.84	0.5	0.82	0.82	0.48	0.25	-0.76	0.76		0.74	0.15	0.14	-0.34	0.74	0.77	0.68	0.22	0.22	0.16	0.67	0.81	0.84	-0.28	0.71	0.23	-0.57
Cash	0.76	0.53	0.72	0.74	0.55	0.2	-0.94	0.67	0.74		-0.04	0.37	-0.35	1.0	0.46	0.67	0.29	0.2	0.11	0.57	0.73	0.83	-0.32	0.68	0.19	-0.34
Non Current Assets Total	0.36	-0.1	0.23	0.33	0.64	0.87	0.17	0.02	0.15	-0.04		-0.22	0.71	-0.04	-0.07	0.55	0.53	0.25	-0.03	0.72	0.3	0.01	0.83	0.64	0.91	0.45
Non Currrent Assets Other	0.37	-0.02	0.48	0.35	0.29	-0.22	-0.34	0.45	0.14	0.37	-0.22		-0.23	0.37	0.16	0.05	0.34	0.74	0.08	0.0	0.5	0.48	-0.41	0.1	-0.26	-0.18
Other Assets	-0.12	-0.26	-0.18	-0.16	0.31	0.61	0.52	-0.36	-0.34	-0.35	0.71	-0.23		-0.35	-0.46	0.07	0.41	0.11	-0.19	0.19	-0.12	-0.39	0.82	0.15	0.66	0.66
Cash And Short Term Investments	0.76	0.53	0.72	0.74	0.55	0.2	-0.94	0.67	0.74	1.0	-0.04	0.37	-0.35		0.46	0.67	0.29	0.2	0.11	0.57	0.73	0.83	-0.32	0.68	0.19	-0.34
Net Receivables	0.74	0.56	0.8	0.76	0.25	-0.22	-0.5	0.87	0.77	0.46	-0.07	0.16	-0.46	0.46		0.52	-0.12	0.27	0.38	0.31	0.74	0.82	-0.33	0.49	-0.18	-0.44
Common Stock Shares Outstanding	0.87	0.49	0.78	0.87	0.73	0.5	-0.59	0.69	0.68	0.67	0.55	0.05	0.07	0.67	0.52		0.2	0.35	0.45	0.84	0.78	0.72	0.29	0.96	0.58	0.0
Non Current Liabilities Total	0.36	-0.22	0.3	0.28	0.69	0.66	-0.08	0.06	0.22	0.29	0.53	0.34	0.41	0.29	-0.12	0.2		0.34	-0.59	0.5	0.4	0.18	0.29	0.42	0.59	0.22
Inventory	0.57	-0.14	0.61	0.57	0.4	0.05	-0.13	0.57	0.22	0.2	0.25	0.74	0.11	0.2	0.27	0.35	0.34		0.35	0.28	0.63	0.51	-0.05	0.4	0.06	0.09
Other Current Assets	0.31	0.44	0.33	0.38	0.05	-0.27	-0.26	0.49	0.16	0.11	-0.03	0.08	-0.19	0.11	0.38	0.45	-0.59	0.35		0.04	0.27	0.35	-0.09	0.23	-0.16	-0.19
Other Stockholder Equity	0.75	0.25	0.65	0.71	0.72	0.79	-0.46	0.41	0.67	0.57	0.72	0.0	0.19	0.57	0.31	0.84	0.5	0.28	0.04		0.7	0.54	0.36	0.91	0.8	0.06
Total Liab	0.98	0.47	0.99	0.95	0.72	0.26	-0.66	0.88	0.81	0.73	0.3	0.5	-0.12	0.73	0.74	0.78	0.4	0.63	0.27	0.7		0.93	-0.1	0.82	0.28	-0.2
Total Current Assets	0.94	0.53	0.96	0.94	0.53	0.01	-0.79	0.95	0.84	0.83	0.01	0.48	-0.39	0.83	0.82	0.72	0.18	0.51	0.35	0.54	0.93		-0.35	0.73	0.03	-0.38
Intangible Assets	-0.04	-0.16	-0.14	-0.06	0.41	0.66	0.49	-0.31	-0.28	-0.32	0.83	-0.41	0.82	-0.32	-0.33	0.29	0.29	-0.05	-0.09	0.36	-0.1	-0.35		0.31	0.75	0.69
Common Stock	0.9	0.35	0.8	0.89	0.79	0.61	-0.55	0.67	0.71	0.68	0.64	0.1	0.15	0.68	0.49	0.96	0.42	0.4	0.23	0.91	0.82	0.73	0.31		0.66	0.05
Property Plant Equipment	0.35	0.03	0.2	0.29	0.67	0.98	-0.05	-0.07	0.23	0.19	0.91	-0.26	0.66	0.19	-0.18	0.58	0.59	0.06	-0.16	0.8	0.28	0.03	0.75	0.66		0.35
Short Long Term Debt Total	-0.19	-0.36	-0.24	-0.21	0.1	0.29	0.59	-0.36	-0.57	-0.34	0.45	-0.18	0.66	-0.34	-0.44	0.0	0.22	0.09	-0.19	0.06	-0.2	-0.38	0.69	0.05	0.35

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Qiming Information Account Relationship Matchups

Qiming Information fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.2B	2.1B	2.2B	2.2B	1.6B
Other Current Liab	77.3M	109.2M	1.1M	93.5M	123.2M	129.4M
Total Current Liabilities	571.6M	826.1M	714.8M	783.4M	739.4M	511.0M
Total Stockholder Equity	1.2B	1.3B	1.3B	1.4B	1.4B	991.1M
Other Liab	84.2M	82.3M	108.4M	74.7M	85.9M	72.6M
Property Plant And Equipment Net	276.4M	233.1M	205.4M	187.2M	168.8M	266.6M
Net Debt	(977.2M)	(1.0B)	(651.1M)	(520.8M)	(862.6M)	(819.5M)
Retained Earnings	438.0M	521.6M	539.8M	585.4M	589.3M	323.8M
Accounts Payable	494.3M	453.1M	455.7M	544.4M	509.7M	356.5M
Cash	977.2M	1.0B	652.9M	524.5M	865.3M	589.4M
Non Current Assets Total	362.2M	331.0M	440.7M	492.1M	381.0M	459.5M
Non Currrent Assets Other	(137.0)	233.1M	154.3M	8.7M	2.0	1.9
Cash And Short Term Investments	977.2M	1.0B	652.9M	524.5M	865.3M	589.4M
Net Receivables	458.0M	528.8M	481.2M	957.7M	732.0M	393.0M
Liabilities And Stockholders Equity	1.9B	2.2B	2.1B	2.2B	2.2B	1.6B
Non Current Liabilities Total	82.3M	108.4M	75.9M	59.0M	17.2M	16.3M
Inventory	134.6M	353.3M	523.8M	240.2M	168.4M	180.8M
Other Current Assets	1.8M	3.2M	21.2M	10.2M	30.4M	31.9M
Other Stockholder Equity	322.9M	328.5M	245.6M	270.3M	270.3M	273.3M
Total Liab	653.8M	934.4M	790.6M	842.4M	756.6M	590.5M
Total Current Assets	1.6B	1.9B	1.7B	1.7B	1.8B	1.2B
Intangible Assets	56.2M	45.9M	31.7M	90.0M	167.1M	110.9M
Property Plant Equipment	305.1M	276.4M	233.1M	205.4M	236.3M	288.5M
Net Tangible Assets	1.0B	1.1B	1.3B	1.3B	1.5B	1.2B
Non Current Liabilities Other	11.0M	39.0M	10.4M	7.0M	7.0M	11.1M
Net Invested Capital	1.2B	1.3B	1.3B	1.4B	1.4B	1.4B
Net Working Capital	1.0B	1.1B	964.2M	949.3M	1.1B	1.1B

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

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Qiming Tax Provision vs Income Tax Expense Analysis

Tax Provision vs Income Tax Expense

Tax Provision vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Tax Provision

Income Tax Expense

Qiming Information fundamental ratios Correlations

Qiming Information Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qiming Information fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Property Plant And Equipment Net
Total Current Liabilities	+ 0.97	Total Assets

Cash And Short Term Investments	- 0.94	Net Debt
Cash	- 0.94	Net Debt
Total Current Assets	- 0.79	Net Debt
Accounts Payable	- 0.76	Net Debt
Net Debt	- 0.68	Total Assets
Net Debt	- 0.67	Total Stockholder Equity