Zhejiang Longsheng financial indicator trend analysis is more than just analyzing Zhejiang Longsheng current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Longsheng is a good investment. Please check the relationship between Zhejiang Longsheng Net Income From Continuing Ops and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Longsheng Group. 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.
Net Income From Continuing Ops vs Tax Provision
Net Income From Continuing Ops vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Longsheng Net Income From Continuing Ops account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Longsheng's Net Income From Continuing Ops and Tax Provision is 0.68. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Zhejiang Longsheng Group, assuming nothing else is changed. The correlation between historical values of Zhejiang Longsheng's Net Income From Continuing Ops 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 Net Income From Continuing Ops of Zhejiang Longsheng Group 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 Net Income From Continuing Ops i.e., Zhejiang Longsheng's Net Income From Continuing Ops and Tax Provision go up and down completely randomly.
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 Zhejiang Longsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Longsheng 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 Zhejiang Longsheng Group. 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 980.4 M, whereas Tax Provision is forecasted to decline to about 205.5 M.
Balance Sheet is a snapshot of the financial position of Zhejiang Longsheng at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Longsheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Longsheng 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.