| 300293 Stock | | | 20.95 1.09 4.95% |
Shenyang Blue financial indicator trend analysis is much more than just breaking down Shenyang Blue Silver prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenyang Blue Silver is a good investment. Please check the relationship between Shenyang Blue Tax Provision and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenyang Blue Silver. 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 Gross Profit
Tax Provision vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenyang Blue Silver Tax Provision account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shenyang Blue's Tax Provision and Gross Profit is -0.32. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Shenyang Blue Silver, assuming nothing else is changed. The correlation between historical values of Shenyang Blue's Tax Provision and Gross Profit 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 Shenyang Blue Silver are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Tax Provision i.e., Shenyang Blue's Tax Provision and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shenyang Blue Silver minus its cost of goods sold. It is profit before Shenyang Blue operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Shenyang Blue's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenyang Blue Silver 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 Shenyang Blue Silver. 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 122
M, whereas Tax Provision is forecasted to decline to (4.5
M).
Shenyang Blue fundamental ratios Correlations
Click cells to compare fundamentals
Shenyang Blue Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenyang Blue fundamental ratios Accounts
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Other Information on Investing in Shenyang Stock
Balance Sheet is a snapshot of the
financial position of Shenyang Blue Silver at a specified time, usually calculated after every quarter, six months, or one year. Shenyang Blue Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenyang Blue 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 Shenyang currently owns. An asset can also be divided into two categories, current and non-current.