Bank of Nanjing financial indicator trend analysis is way more than just evaluating Bank of Nanjing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nanjing is a good investment. Please check the relationship between Bank of Nanjing Reconciled Depreciation and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nanjing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Reconciled Depreciation vs Tax Provision
Reconciled Depreciation vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nanjing Reconciled Depreciation account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bank of Nanjing's Reconciled Depreciation and Tax Provision is 0.69. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Bank of Nanjing, assuming nothing else is changed. The correlation between historical values of Bank of Nanjing's Reconciled Depreciation 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 Reconciled Depreciation of Bank of Nanjing 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 Reconciled Depreciation i.e., Bank of Nanjing's Reconciled Depreciation 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 Bank of Nanjing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nanjing 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 Bank of Nanjing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of December 27, 2024, Selling General Administrative is expected to decline to about 3.5 B. In addition to that, Tax Provision is expected to decline to about 2.8 B
Balance Sheet is a snapshot of the financial position of Bank of Nanjing at a specified time, usually calculated after every quarter, six months, or one year. Bank of Nanjing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Nanjing 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.