| 601816 Stock | | | 5.54 0.06 1.07% |
Beijing-Shanghai financial indicator trend analysis is way more than just evaluating Beijing Shanghai High prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Shanghai High is a good investment. Please check the relationship between Beijing-Shanghai Gross Profit and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Shanghai High Speed. 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.
Gross Profit vs Tax Provision
Gross Profit vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Shanghai High Gross Profit account and
Tax Provision. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beijing-Shanghai's Gross Profit and Tax Provision is 0.94. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Beijing Shanghai High Speed, assuming nothing else is changed. The correlation between historical values of Beijing-Shanghai's Gross Profit 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 Gross Profit of Beijing Shanghai High Speed 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 Gross Profit i.e., Beijing-Shanghai's Gross Profit and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Beijing Shanghai High Speed minus its cost of goods sold. It is profit before Beijing-Shanghai operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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.
Most indicators from Beijing-Shanghai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Shanghai High 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 Beijing Shanghai High Speed. 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.
The current year's
Selling General Administrative is expected to grow to about 28.2
M, whereas Tax Provision is forecasted to decline to about 2.1
B.
| 2022 | 2023 | 2024 | 2025 (projected) |
Gross Profit | 2.6B | 18.6B | 16.8B | 9.6B | Total Revenue | 19.3B | 40.7B | 46.8B | 32.2B |
Beijing-Shanghai fundamental ratios Correlations
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Beijing-Shanghai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing-Shanghai fundamental ratios Accounts
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Other Information on Investing in Beijing-Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Beijing Shanghai High at a specified time, usually calculated after every quarter, six months, or one year. Beijing-Shanghai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing-Shanghai 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 Beijing-Shanghai currently owns. An asset can also be divided into two categories, current and non-current.