Chongqing Total Revenue vs Income Tax Expense Analysis

601077 Stock   5.75  0.09  1.59%   
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 Total Revenue and its Income Tax Expense 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.

Total Revenue vs Income Tax Expense

Total Revenue vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Rural Comm Total Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between Chongqing Rural's Total Revenue and Income Tax Expense is -0.92. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Tax Expense 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 Total Revenue 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 Total Revenue of Chongqing Rural Commercial 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 Total Revenue i.e., Chongqing Rural's Total Revenue and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Revenue

Total revenue comprises all receipts Chongqing Rural Comm generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Tax Expense

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 Income26.2B25.4B23.5B25.2B
Tax Provision1.5B1.1B1.1B1.6B

Chongqing Rural fundamental ratios Correlations

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-0.450.58-0.38-0.42-0.35-0.32-0.32-0.390.53-0.310.90.610.430.36-0.46-0.40.65-0.35-0.43-0.47-0.52-0.43-0.55-0.740.58
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Chongqing Rural Account Relationship Matchups

Chongqing Rural fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0T1.1T1.3T1.4T1.4T1.2T
Other Current Liab2.2B1.4B1.4B525.1M472.6M448.9M
Total Current Liabilities916.2B1.0T1.1T1.2T1.4T1.1T
Total Stockholder Equity88.2B93.7B105.0B113.7B122.2B97.6B
Other Liab6.4B7.1B6.4B7.4B8.5B6.9B
Net Tangible Assets69.8B87.2B92.7B103.9B119.5B85.8B
Retained Earnings56.3B62.1B69.1B44.7B50.0B55.9B
Accounts Payable639.7B682.9B760.4B788.7B907.0B761.2B
Cash223.4B264.3B169.4B147.6B164.4B170.4B
Other Assets369.4B423.0B495.6B567.4B652.5B453.8B
Inventory103.9M101.0M79.5M39.0M35.1M33.4M
Other Current Assets67.1B62.8B54.6B48.9B44.0B53.0B
Other Stockholder Equity12.2B20.6B20.2B4.0B4.6B4.4B
Total Liab940.4B1.0T1.2T1.2T1.3T1.1T
Long Term Investments377.4B369.0B522.1B573.5B599.3B433.8B
Total Current Assets278.1B247.4B234.4B219.1B197.1B197.2B
Intangible Assets109.3M542.8M615.7M615.0M614.0M383.2M
Property Plant Equipment4.8B5.2B5.1B5.1B5.9B5.6B
Net Invested Capital259.5B266.9B330.2B285.3B242.6B280.1B

Currently Active Assets on Macroaxis

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.