Tianjin Other Operating Expenses vs Income Tax Expense Analysis

300828 Stock   17.10  0.23  1.33%   
Tianjin Ruixin financial indicator trend analysis is much more than just breaking down Tianjin Ruixin Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianjin Ruixin Technology is a good investment. Please check the relationship between Tianjin Ruixin Other Operating Expenses and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianjin Ruixin 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.

Other Operating Expenses vs Income Tax Expense

Other Operating Expenses vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianjin Ruixin Technology Other Operating Expenses account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tianjin Ruixin's Other Operating Expenses and Income Tax Expense is 0.91. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Tianjin Ruixin Technology, assuming nothing else is changed. The correlation between historical values of Tianjin Ruixin's Other Operating Expenses 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 Other Operating Expenses of Tianjin Ruixin 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 Other Operating Expenses i.e., Tianjin Ruixin's Other Operating Expenses and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tianjin Ruixin Technology. It is also known as Tianjin Ruixin 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.

Income Tax Expense

Most indicators from Tianjin Ruixin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Ruixin Technology 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 Tianjin Ruixin 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 Tax Provision is expected to grow to about 10.3 M, whereas Selling General Administrative is forecasted to decline to about 11.3 M.
 2021 2023 2024 (projected)
Tax Provision9.5M8.1M10.3M
Income Tax Expense9.5M10.9M9.9M

Tianjin Ruixin fundamental ratios Correlations

0.23-0.310.60.990.950.360.070.970.70.750.950.750.240.90.930.98-0.040.860.530.980.250.770.890.890.18
0.23-0.320.740.090.340.20.960.280.53-0.270.330.04-0.17-0.030.330.280.03-0.150.910.170.850.240.190.020.75
-0.31-0.32-0.13-0.29-0.340.42-0.21-0.39-0.28-0.12-0.35-0.390.27-0.17-0.31-0.330.09-0.23-0.21-0.27-0.23-0.39-0.3-0.18-0.25
0.60.74-0.130.490.60.480.680.580.610.160.590.4-0.090.480.590.65-0.070.280.890.590.70.370.590.530.32
0.990.09-0.290.490.910.32-0.080.950.620.810.920.760.260.930.910.96-0.060.910.40.980.140.760.890.910.07
0.950.34-0.340.60.910.30.210.910.850.591.00.670.330.770.840.90.00.770.630.880.210.80.770.770.38
0.360.20.420.480.320.30.170.30.110.170.310.39-0.320.230.450.46-0.070.260.40.370.280.250.420.250.08
0.070.96-0.210.68-0.080.210.170.120.44-0.470.19-0.13-0.2-0.180.180.110.07-0.330.860.010.790.140.02-0.140.74
0.970.28-0.390.580.950.910.30.120.70.690.910.70.190.850.930.950.080.810.540.960.280.720.830.840.24
0.70.53-0.280.610.620.850.110.440.70.30.820.30.460.490.590.630.180.470.750.60.210.560.380.510.62
0.75-0.27-0.120.160.810.590.17-0.470.690.30.610.620.330.820.70.71-0.050.850.00.8-0.110.540.730.79-0.25
0.950.33-0.350.590.921.00.310.190.910.820.610.690.30.770.860.91-0.020.780.610.890.210.840.80.770.37
0.750.04-0.390.40.760.670.39-0.130.70.30.620.69-0.130.70.70.76-0.270.860.250.750.140.630.820.75-0.08
0.24-0.170.27-0.090.260.33-0.32-0.20.190.460.330.3-0.130.30.080.060.260.280.00.2-0.30.20.00.280.13
0.9-0.03-0.170.480.930.770.23-0.180.850.490.820.770.70.30.760.87-0.220.880.270.940.120.540.850.99-0.17
0.930.33-0.310.590.910.840.450.180.930.590.70.860.70.080.760.940.050.760.580.930.420.790.860.750.3
0.980.28-0.330.650.960.90.460.110.950.630.710.910.760.060.870.94-0.120.820.550.970.330.740.910.870.15
-0.040.030.09-0.07-0.060.0-0.070.070.080.18-0.05-0.02-0.270.26-0.220.05-0.12-0.140.06-0.05-0.14-0.01-0.22-0.240.23
0.86-0.15-0.230.280.910.770.26-0.330.810.470.850.780.860.280.880.760.82-0.140.160.87-0.060.660.780.89-0.09
0.530.91-0.210.890.40.630.40.860.540.750.00.610.250.00.270.580.550.060.160.470.750.450.410.320.72
0.980.17-0.270.590.980.880.370.010.960.60.80.890.750.20.940.930.97-0.050.870.470.270.70.910.930.07
0.250.85-0.230.70.140.210.280.790.280.21-0.110.210.14-0.30.120.420.33-0.14-0.060.750.270.210.360.160.49
0.770.24-0.390.370.760.80.250.140.720.560.540.840.630.20.540.790.74-0.010.660.450.70.210.730.530.37
0.890.19-0.30.590.890.770.420.020.830.380.730.80.820.00.850.860.91-0.220.780.410.910.360.730.85-0.04
0.890.02-0.180.530.910.770.25-0.140.840.510.790.770.750.280.990.750.87-0.240.890.320.930.160.530.85-0.14
0.180.75-0.250.320.070.380.080.740.240.62-0.250.37-0.080.13-0.170.30.150.23-0.090.720.070.490.37-0.04-0.14
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Tianjin Ruixin Account Relationship Matchups

Tianjin Ruixin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets569.4M782.9M825.6M979.6M862.1M515.4M
Short Long Term Debt Total128.4M199.4K607.3K88.9M32.4M41.6M
Other Current Liab952.1K13.5M3.2M5.6M1.3M1.3M
Total Current Liabilities106.7M43.6M42.9M135.8M65.3M55.3M
Total Stockholder Equity389.0M733.2M775.8M835.0M789.0M446.9M
Property Plant And Equipment Net289.2M293.5M281.8M279.9M307.7M193.1M
Net Debt116.4M(38.0M)(34.7M)51.3M(1.5M)(1.4M)
Retained Earnings211.0M242.8M278.9M324.3M259.8M188.0M
Accounts Payable38.5M28.7M22.8M21.3M14.1M15.3M
Cash12.0M38.2M35.3M37.6M33.9M26.5M
Non Current Assets Total323.9M333.6M325.5M325.6M377.6M227.0M
Other Assets1.6M1.5M7.0M1.01.151.09
Cash And Short Term Investments12.0M214.2M171.7M251.9M152.8M81.6M
Net Receivables102.7M102.5M139.8M183.7M155.4M96.8M
Liabilities And Stockholders Equity569.4M782.9M825.6M979.6M862.1M515.4M
Inventory106.3M117.3M176.0M214.7M170.6M95.7M
Other Current Assets24.5M15.3M12.6M3.7M5.7M5.4M
Other Stockholder Equity95.3M12.3M332.1M279.9M289.3M303.8M
Total Liab180.4M49.7M49.8M144.6M73.1M68.5M
Total Current Assets245.5M449.3M500.1M654.0M484.5M288.3M
Intangible Assets33.2M33.1M32.4M31.9M50.8M29.2M
Non Current Liabilities Total73.7M6.1M6.9M8.8M7.9M15.3M
Other Liab1.5M1.7M6.1M6.6M7.6M8.0M
Net Tangible Assets313.1M355.7M700.1M743.4M854.9M443.4M
Property Plant Equipment160.4M289.2M293.5M281.8M324.1M212.9M
Net Invested Capital491.0M733.2M775.8M923.6M821.4M702.7M
Net Working Capital138.8M405.7M457.2M518.2M419.2M361.7M

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Other Information on Investing in Tianjin Stock

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