| 002999 Stock | | | 6.46 0.04 0.62% |
Guangdong Tianhe financial indicator trend analysis is much more than just examining Guangdong Tianhe Agr latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Tianhe Agr is a good investment. Please check the relationship between Guangdong Tianhe Other Operating Expenses and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Tianhe Agricultural. 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.
Other Operating Expenses vs Tax Provision
Other Operating Expenses vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Tianhe Agr Other Operating Expenses account and
Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangdong Tianhe's Other Operating Expenses and Tax Provision is 0.68. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Guangdong Tianhe Agricultural, assuming nothing else is changed. The correlation between historical values of Guangdong Tianhe's Other Operating Expenses 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 Other Operating Expenses of Guangdong Tianhe Agricultural 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 Other Operating Expenses i.e., Guangdong Tianhe's Other Operating Expenses and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Guangdong Tianhe Agr. It is also known as Guangdong Tianhe 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.
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 Guangdong Tianhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Tianhe Agr 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 Guangdong Tianhe Agricultural. 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 560.7
M, whereas Tax Provision is forecasted to decline to about 36.7
M.
Guangdong Tianhe fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Tianhe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Tianhe fundamental ratios Accounts
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Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Tianhe Agr at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Tianhe Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Tianhe 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.