Chongqing Income Tax Expense vs Income Before Tax Analysis

601077 Stock

5.66 0.12 2.08%

Chongqing Rural financial indicator trend analysis is way more than just evaluating Chongqing Rural Comm prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Rural Comm is a good investment. Please check the relationship between Chongqing Rural Income Tax Expense and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Rural Commercial. 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.

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Rural Comm Income Tax Expense account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Chongqing Rural's Income Tax Expense and Income Before Tax is -0.46. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Chongqing Rural Commercial, assuming nothing else is changed. The correlation between historical values of Chongqing Rural's Income Tax Expense and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Chongqing Rural Commercial are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Income Tax Expense i.e., Chongqing Rural's Income Tax Expense and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Income Tax Expense

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Chongqing Rural income statement and is an important metric when analyzing Chongqing Rural Comm profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Chongqing Rural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Rural Comm 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 Chongqing Rural Commercial. 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 1.6 B, whereas Selling General Administrative is forecasted to decline to about 2 B.

	2022	2023	2024	2025 (projected)
Net Interest Income	25.4B	23.5B	27.0B	25.2B
Tax Provision	1.1B	1.1B	963.6M	1.6B

Net Interest Income Tax Provision

Chongqing Rural fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Net Debt
Total Assets		-0.83	1.0	0.99	0.93	0.97	0.74	0.98	-0.82	0.98	-0.44	-0.94	-0.91	-0.37	1.0	0.99	-0.78	0.94	0.95	0.48	0.92	0.83	0.91	-0.58	0.91	-0.85
Other Current Liab	-0.83		-0.83	-0.81	-0.68	-0.78	-0.56	-0.84	0.93	-0.81	0.52	0.92	0.85	0.59	-0.83	-0.81	0.95	-0.84	-0.75	-0.58	-0.82	-0.73	-0.83	0.65	-0.82	0.8
Total Current Liabilities	1.0	-0.83		0.99	0.94	0.98	0.75	0.98	-0.82	0.99	-0.41	-0.94	-0.91	-0.36	1.0	0.99	-0.77	0.96	0.95	0.44	0.91	0.85	0.91	-0.56	0.89	-0.83
Total Stockholder Equity	0.99	-0.81	0.99		0.96	0.99	0.78	0.98	-0.8	0.99	-0.41	-0.93	-0.92	-0.29	0.99	0.99	-0.75	0.94	0.96	0.43	0.93	0.86	0.92	-0.55	0.87	-0.82
Other Liab	0.93	-0.68	0.94	0.96		0.97	0.86	0.91	-0.7	0.95	-0.39	-0.86	-0.85	-0.14	0.93	0.96	-0.6	0.85	0.96	0.3	0.88	0.91	0.87	-0.51	0.76	-0.69
Net Tangible Assets	0.97	-0.78	0.98	0.99	0.97		0.85	0.96	-0.74	0.99	-0.34	-0.91	-0.92	-0.2	0.97	0.98	-0.7	0.94	0.97	0.34	0.91	0.92	0.9	-0.48	0.8	-0.73
Retained Earnings	0.74	-0.56	0.75	0.78	0.86	0.85		0.77	-0.43	0.81	-0.34	-0.74	-0.77	0.08	0.73	0.77	-0.5	0.75	0.85	0.17	0.78	0.93	0.78	-0.4	0.53	-0.32
Accounts Payable	0.98	-0.84	0.98	0.98	0.91	0.96	0.77		-0.79	0.98	-0.47	-0.93	-0.9	-0.33	0.98	0.96	-0.82	0.96	0.96	0.53	0.94	0.84	0.94	-0.6	0.91	-0.79
Cash	-0.82	0.93	-0.82	-0.8	-0.7	-0.74	-0.43	-0.79		-0.78	0.48	0.88	0.77	0.73	-0.83	-0.82	0.85	-0.76	-0.7	-0.55	-0.75	-0.66	-0.75	0.62	-0.83	0.86
Other Assets	0.98	-0.81	0.99	0.99	0.95	0.99	0.81	0.98	-0.78		-0.33	-0.93	-0.93	-0.28	0.98	0.99	-0.73	0.97	0.95	0.37	0.9	0.9	0.89	-0.48	0.83	-0.76
Good Will	-0.44	0.52	-0.41	-0.41	-0.39	-0.34	-0.34	-0.47	0.48	-0.33		0.54	0.41	0.35	-0.44	-0.38	0.68	-0.32	-0.51	-0.75	-0.63	-0.38	-0.66	0.97	-0.66	0.53
Inventory	-0.94	0.92	-0.94	-0.93	-0.86	-0.91	-0.74	-0.93	0.88	-0.93	0.54		0.92	0.51	-0.94	-0.93	0.86	-0.93	-0.87	-0.44	-0.87	-0.87	-0.88	0.68	-0.86	0.82
Other Current Assets	-0.91	0.85	-0.91	-0.92	-0.85	-0.92	-0.77	-0.9	0.77	-0.93	0.41	0.92		0.31	-0.9	-0.91	0.76	-0.91	-0.87	-0.41	-0.88	-0.9	-0.88	0.55	-0.79	0.73
Other Stockholder Equity	-0.37	0.59	-0.36	-0.29	-0.14	-0.2	0.08	-0.33	0.73	-0.28	0.35	0.51	0.31		-0.38	-0.34	0.56	-0.37	-0.13	-0.4	-0.21	-0.15	-0.22	0.42	-0.54	0.58
Total Liab	1.0	-0.83	1.0	0.99	0.93	0.97	0.73	0.98	-0.83	0.98	-0.44	-0.94	-0.9	-0.38		0.99	-0.78	0.94	0.94	0.48	0.92	0.83	0.91	-0.59	0.92	-0.85
Long Term Investments	0.99	-0.81	0.99	0.99	0.96	0.98	0.77	0.96	-0.82	0.99	-0.38	-0.93	-0.91	-0.34	0.99		-0.72	0.93	0.94	0.38	0.9	0.87	0.89	-0.53	0.85	-0.82
Total Current Assets	-0.78	0.95	-0.77	-0.75	-0.6	-0.7	-0.5	-0.82	0.85	-0.73	0.68	0.86	0.76	0.56	-0.78	-0.72		-0.78	-0.74	-0.76	-0.85	-0.63	-0.85	0.78	-0.86	0.77
Intangible Assets	0.94	-0.84	0.96	0.94	0.85	0.94	0.75	0.96	-0.76	0.97	-0.32	-0.93	-0.91	-0.37	0.94	0.93	-0.78		0.87	0.36	0.84	0.84	0.83	-0.48	0.81	-0.75
Common Stock	0.95	-0.75	0.95	0.96	0.96	0.97	0.85	0.96	-0.7	0.95	-0.51	-0.87	-0.87	-0.13	0.94	0.94	-0.74	0.87		0.5	0.97	0.88	0.97	-0.62	0.84	-0.72
Property Plant Equipment	0.48	-0.58	0.44	0.43	0.3	0.34	0.17	0.53	-0.55	0.37	-0.75	-0.44	-0.41	-0.4	0.48	0.38	-0.76	0.36	0.5		0.67	0.23	0.67	-0.74	0.76	-0.55
Common Stock Shares Outstanding	0.92	-0.82	0.91	0.93	0.88	0.91	0.78	0.94	-0.75	0.9	-0.63	-0.87	-0.88	-0.21	0.92	0.9	-0.85	0.84	0.97	0.67		0.83	1.0	-0.73	0.89	-0.75
Net Invested Capital	0.83	-0.73	0.85	0.86	0.91	0.92	0.93	0.84	-0.66	0.9	-0.38	-0.87	-0.9	-0.15	0.83	0.87	-0.63	0.84	0.88	0.23	0.83		0.83	-0.49	0.63	-0.53
Capital Stock	0.91	-0.83	0.91	0.92	0.87	0.9	0.78	0.94	-0.75	0.89	-0.66	-0.88	-0.88	-0.22	0.91	0.89	-0.85	0.83	0.97	0.67	1.0	0.83		-0.75	0.89	-0.75
Property Plant And Equipment Net	-0.58	0.65	-0.56	-0.55	-0.51	-0.48	-0.4	-0.6	0.62	-0.48	0.97	0.68	0.55	0.42	-0.59	-0.53	0.78	-0.48	-0.62	-0.74	-0.73	-0.49	-0.75		-0.76	0.69
Property Plant And Equipment Gross	0.91	-0.82	0.89	0.87	0.76	0.8	0.53	0.91	-0.83	0.83	-0.66	-0.86	-0.79	-0.54	0.92	0.85	-0.86	0.81	0.84	0.76	0.89	0.63	0.89	-0.76		-0.89
Net Debt	-0.85	0.8	-0.83	-0.82	-0.69	-0.73	-0.32	-0.79	0.86	-0.76	0.53	0.82	0.73	0.58	-0.85	-0.82	0.77	-0.75	-0.72	-0.55	-0.75	-0.53	-0.75	0.69	-0.89

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Chongqing Rural Account Relationship Matchups

Chongqing Rural fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.1T	1.3T	1.4T	1.4T	1.7T	1.2T
Other Current Liab	2.2B	1.4B	1.4B	525.1M	472.6M	448.9M
Total Current Liabilities	916.2B	1.0T	1.1T	1.2T	1.4T	1.1T
Total Stockholder Equity	93.7B	105.0B	113.7B	122.2B	140.5B	97.6B
Other Liab	6.4B	7.1B	6.4B	7.4B	8.5B	6.9B
Net Tangible Assets	69.8B	87.2B	92.7B	103.9B	119.5B	85.8B
Retained Earnings	62.1B	69.1B	44.7B	50.0B	57.5B	55.9B
Accounts Payable	639.7B	682.9B	760.4B	788.7B	907.0B	761.2B
Cash	264.3B	169.4B	147.6B	164.4B	148.0B	170.4B
Other Assets	369.4B	423.0B	495.6B	567.4B	652.5B	453.8B
Inventory	103.9M	101.0M	79.5M	39.0M	35.1M	33.4M
Other Current Assets	67.1B	62.8B	54.6B	48.9B	44.0B	53.0B
Other Stockholder Equity	12.2B	20.6B	20.2B	4.0B	4.6B	4.4B
Total Liab	1.0T	1.2T	1.2T	1.3T	1.5T	1.1T
Long Term Investments	369.0B	522.1B	573.5B	599.3B	689.2B	433.8B
Total Current Assets	278.1B	247.4B	234.4B	219.1B	197.1B	197.2B
Intangible Assets	542.8M	615.7M	615.0M	614.0M	706.1M	383.2M
Property Plant Equipment	4.8B	5.2B	5.1B	5.1B	5.9B	5.6B
Net Invested Capital	266.9B	330.2B	285.3B	242.6B	279.0B	280.1B
Property Plant And Equipment Net	5.1B	5.1B	4.9B	5.0B	4.5B	4.0B
Property Plant And Equipment Gross	10.4B	11.0B	11.3B	11.9B	13.7B	12.0B

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Other Information on Investing in Chongqing Stock

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

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Chongqing Income Tax Expense vs Income Before Tax Analysis

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

Correlation Coefficient

Income Tax Expense

Income Before Tax

Chongqing Rural fundamental ratios Correlations

Chongqing Rural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Rural fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Chongqing Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.99	Total Assets
Long Term Investments	+ 0.99	Total Assets

Total Liab	- 0.94	Inventory
Inventory	- 0.94	Total Current Liabilities
Inventory	- 0.94	Total Assets
Intangible Assets	- 0.93	Inventory
Long Term Investments	- 0.93	Inventory
Other Current Assets	- 0.93	Other Assets