Chongqing Tax Provision vs Operating Income Analysis

601077 Stock

5.68 0.02 0.35%

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 Tax Provision and its Operating Income 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.

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

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

The correlation between Chongqing Rural's Tax Provision and Operating Income is 0.47. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income 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 Tax Provision and Operating Income 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 Chongqing Rural Commercial are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Tax Provision i.e., Chongqing Rural's Tax Provision and Operating Income go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

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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.

Operating Income

Operating Income is the amount of profit realized from Chongqing Rural Comm operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Chongqing Rural Commercial is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.

	2021	2022	2023	2024 (projected)
Net Interest Income	26.2B	25.4B	23.5B	25.2B
Tax Provision	1.5B	1.1B	1.1B	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		-0.82	0.99	0.99	0.95	0.98	0.75	0.97	-0.78	0.99	-0.5	-0.96	-0.92	-0.27	1.0	0.99	-0.76	0.94	0.96	0.46	0.92	0.86	0.92	-0.45	0.88	-0.79
Other Current Liab	-0.82		-0.8	-0.79	-0.65	-0.75	-0.51	-0.82	0.92	-0.79	0.59	0.91	0.84	0.55	-0.82	-0.78	0.96	-0.82	-0.74	-0.66	-0.83	-0.7	-0.83	0.58	-0.89	0.76
Total Current Liabilities	0.99	-0.8		0.98	0.94	0.98	0.69	0.99	-0.77	0.99	-0.47	-0.93	-0.9	-0.29	0.99	0.98	-0.76	0.93	0.95	0.51	0.93	0.8	0.92	-0.38	0.87	-0.81
Total Stockholder Equity	0.99	-0.79	0.98		0.96	0.99	0.79	0.96	-0.74	0.99	-0.46	-0.93	-0.92	-0.18	0.99	0.99	-0.72	0.93	0.97	0.42	0.93	0.89	0.92	-0.42	0.84	-0.75
Other Liab	0.95	-0.65	0.94	0.96		0.97	0.81	0.9	-0.64	0.94	-0.43	-0.85	-0.84	-0.07	0.94	0.97	-0.58	0.82	0.96	0.34	0.88	0.86	0.88	-0.35	0.75	-0.67
Net Tangible Assets	0.98	-0.75	0.98	0.99	0.97		0.81	0.96	-0.69	0.99	-0.39	-0.9	-0.91	-0.12	0.98	0.98	-0.68	0.92	0.97	0.39	0.92	0.88	0.91	-0.32	0.79	-0.69
Retained Earnings	0.75	-0.51	0.69	0.79	0.81	0.81		0.69	-0.36	0.77	-0.3	-0.71	-0.74	0.17	0.74	0.76	-0.43	0.73	0.78	0.07	0.69	0.92	0.69	-0.32	0.52	-0.22
Accounts Payable	0.97	-0.82	0.99	0.96	0.9	0.96	0.69		-0.74	0.98	-0.51	-0.92	-0.89	-0.28	0.97	0.94	-0.81	0.94	0.96	0.59	0.95	0.77	0.94	-0.39	0.88	-0.78
Cash	-0.78	0.92	-0.77	-0.74	-0.64	-0.69	-0.36	-0.74		-0.72	0.52	0.86	0.72	0.71	-0.78	-0.77	0.83	-0.7	-0.65	-0.57	-0.71	-0.62	-0.71	0.53	-0.85	0.82
Other Assets	0.99	-0.79	0.99	0.99	0.94	0.99	0.77	0.98	-0.72		-0.39	-0.92	-0.92	-0.21	0.98	0.98	-0.72	0.95	0.95	0.43	0.91	0.86	0.9	-0.31	0.81	-0.72
Good Will	-0.5	0.59	-0.47	-0.46	-0.43	-0.39	-0.3	-0.51	0.52	-0.39		0.62	0.46	0.39	-0.5	-0.43	0.72	-0.36	-0.55	-0.74	-0.66	-0.35	-0.69	0.9	-0.81	0.65
Inventory	-0.96	0.91	-0.93	-0.93	-0.85	-0.9	-0.71	-0.92	0.86	-0.92	0.62		0.91	0.46	-0.96	-0.93	0.85	-0.92	-0.88	-0.51	-0.88	-0.86	-0.89	0.61	-0.95	0.8
Other Current Assets	-0.92	0.84	-0.9	-0.92	-0.84	-0.91	-0.74	-0.89	0.72	-0.92	0.46	0.91		0.25	-0.91	-0.91	0.75	-0.9	-0.87	-0.47	-0.88	-0.88	-0.88	0.43	-0.82	0.69
Other Stockholder Equity	-0.27	0.55	-0.29	-0.18	-0.07	-0.12	0.17	-0.28	0.71	-0.21	0.39	0.46	0.25		-0.28	-0.24	0.53	-0.29	-0.07	-0.44	-0.18	-0.08	-0.19	0.36	-0.55	0.53
Total Liab	1.0	-0.82	0.99	0.99	0.94	0.98	0.74	0.97	-0.78	0.98	-0.5	-0.96	-0.91	-0.28		0.99	-0.77	0.94	0.95	0.46	0.92	0.86	0.92	-0.46	0.88	-0.8
Long Term Investments	0.99	-0.78	0.98	0.99	0.97	0.98	0.76	0.94	-0.77	0.98	-0.43	-0.93	-0.91	-0.24	0.99		-0.69	0.91	0.94	0.38	0.89	0.89	0.88	-0.4	0.83	-0.75
Total Current Assets	-0.76	0.96	-0.76	-0.72	-0.58	-0.68	-0.43	-0.81	0.83	-0.72	0.72	0.85	0.75	0.53	-0.77	-0.69		-0.75	-0.73	-0.81	-0.84	-0.56	-0.85	0.65	-0.92	0.78
Intangible Assets	0.94	-0.82	0.93	0.93	0.82	0.92	0.73	0.94	-0.7	0.95	-0.36	-0.92	-0.9	-0.29	0.94	0.91	-0.75		0.85	0.37	0.83	0.84	0.82	-0.35	0.8	-0.68
Common Stock	0.96	-0.74	0.95	0.97	0.96	0.97	0.78	0.96	-0.65	0.95	-0.55	-0.88	-0.87	-0.07	0.95	0.94	-0.73	0.85		0.54	0.97	0.81	0.97	-0.43	0.83	-0.72
Property Plant Equipment	0.46	-0.66	0.51	0.42	0.34	0.39	0.07	0.59	-0.57	0.43	-0.74	-0.51	-0.47	-0.44	0.46	0.38	-0.81	0.37	0.54		0.7	0.12	0.7	-0.47	0.72	-0.68
Common Stock Shares Outstanding	0.92	-0.83	0.93	0.93	0.88	0.92	0.69	0.95	-0.71	0.91	-0.66	-0.88	-0.88	-0.18	0.92	0.89	-0.84	0.83	0.97	0.7		0.75	1.0	-0.52	0.89	-0.77
Net Invested Capital	0.86	-0.7	0.8	0.89	0.86	0.88	0.92	0.77	-0.62	0.86	-0.35	-0.86	-0.88	-0.08	0.86	0.89	-0.56	0.84	0.81	0.12	0.75		0.75	-0.43	0.67	-0.46
Capital Stock	0.92	-0.83	0.92	0.92	0.88	0.91	0.69	0.94	-0.71	0.9	-0.69	-0.89	-0.88	-0.19	0.92	0.88	-0.85	0.82	0.97	0.7	1.0	0.75		-0.55	0.9	-0.78
Property Plant And Equipment Net	-0.45	0.58	-0.38	-0.42	-0.35	-0.32	-0.32	-0.39	0.53	-0.31	0.9	0.61	0.43	0.36	-0.46	-0.4	0.65	-0.35	-0.43	-0.47	-0.52	-0.43	-0.55		-0.74	0.58
Property Plant And Equipment Gross	0.88	-0.89	0.87	0.84	0.75	0.79	0.52	0.88	-0.85	0.81	-0.81	-0.95	-0.82	-0.55	0.88	0.83	-0.92	0.8	0.83	0.72	0.89	0.67	0.9	-0.74		-0.89
Net Debt	-0.79	0.76	-0.81	-0.75	-0.67	-0.69	-0.22	-0.78	0.82	-0.72	0.65	0.8	0.69	0.53	-0.8	-0.75	0.78	-0.68	-0.72	-0.68	-0.77	-0.46	-0.78	0.58	-0.89

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Chongqing Rural Account Relationship Matchups

Chongqing Rural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0T	1.1T	1.3T	1.4T	1.4T	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	88.2B	93.7B	105.0B	113.7B	122.2B	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	56.3B	62.1B	69.1B	44.7B	50.0B	55.9B
Accounts Payable	639.7B	682.9B	760.4B	788.7B	907.0B	761.2B
Cash	223.4B	264.3B	169.4B	147.6B	164.4B	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	940.4B	1.0T	1.2T	1.2T	1.3T	1.1T
Long Term Investments	377.4B	369.0B	522.1B	573.5B	599.3B	433.8B
Total Current Assets	278.1B	247.4B	234.4B	219.1B	197.1B	197.2B
Intangible Assets	109.3M	542.8M	615.7M	615.0M	614.0M	383.2M
Property Plant Equipment	4.8B	5.2B	5.1B	5.1B	5.9B	5.6B
Net Invested Capital	259.5B	266.9B	330.2B	285.3B	242.6B	280.1B

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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 Tax Provision vs Operating Income Analysis

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

Correlation Coefficient

Tax Provision

Operating Income

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

Total Liab	- 0.96	Inventory
Inventory	- 0.96	Total Assets
Property Plant And Equipment Gross	- 0.95	Inventory
Long Term Investments	- 0.93	Inventory
Inventory	- 0.93	Total Stockholder Equity
Inventory	- 0.93	Total Current Liabilities