China Income Before Tax vs Tax Provision Analysis

601995 Stock

34.95 0.07 0.20%

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

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China International Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between China International's Income Before Tax and Tax Provision is 0.83. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of China International Capital, assuming nothing else is changed. The correlation between historical values of China International's Income Before Tax 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 Income Before Tax of China International Capital 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 Income Before Tax i.e., China International's Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on China International income statement and is an important metric when analyzing China International 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.

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 China International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China International 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 China International Capital. 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.

As of November 29, 2024, Tax Provision is expected to decline to about 626.4 M. In addition to that, Selling General Administrative is expected to decline to about 227.1 M

	2021	2022	2023	2024 (projected)
Gross Profit	26.0B	23.2B	21.5B	20.1B
Total Revenue	41.5B	36.5B	33.0B	31.7B

Gross Profit Total Revenue

China International fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets
Total Assets		0.03	1.0	0.98	-0.87	0.98	0.99	0.99	0.98	0.98	0.99	-0.98	0.98	0.96	0.97	0.62	0.93	1.0	0.96	0.83	0.92	0.95	1.0	0.99	0.95	1.0
Other Current Liab	0.03		0.02	-0.13	-0.19	0.01	0.01	0.01	0.09	-0.14	0.0	0.01	0.11	0.23	0.2	-0.49	-0.09	0.04	0.21	-0.31	-0.28	-0.19	0.06	-0.06	-0.21	-0.03
Total Current Liabilities	1.0	0.02		0.98	-0.88	0.97	0.98	0.99	0.98	0.98	0.99	-0.98	0.97	0.94	0.96	0.59	0.91	0.99	0.94	0.82	0.93	0.94	1.0	0.99	0.95	1.0
Total Stockholder Equity	0.98	-0.13	0.98		-0.84	0.99	0.98	0.98	0.94	0.99	0.99	-0.96	0.97	0.91	0.92	0.72	0.96	0.98	0.91	0.87	0.95	0.95	0.97	1.0	0.98	0.99
Other Liab	-0.87	-0.19	-0.88	-0.84		-0.85	-0.89	-0.87	-0.84	-0.8	-0.9	0.82	-0.91	-0.84	-0.86	-0.53	-0.86	-0.89	-0.84	-0.8	-0.72	-0.8	-0.88	-0.86	-0.82	-0.86
Net Tangible Assets	0.98	0.01	0.97	0.99	-0.85		0.98	0.99	0.95	0.96	0.98	-0.95	0.99	0.94	0.94	0.67	0.95	0.98	0.95	0.82	0.91	0.92	0.98	0.99	0.94	0.98
Net Debt	0.99	0.01	0.98	0.98	-0.89	0.98		0.99	0.95	0.96	0.99	-0.96	0.98	0.94	0.94	0.68	0.97	1.0	0.95	0.87	0.89	0.95	0.98	0.99	0.96	0.98
Retained Earnings	0.99	0.01	0.99	0.98	-0.87	0.99	0.99		0.98	0.97	0.99	-0.97	0.98	0.96	0.95	0.68	0.95	0.99	0.96	0.85	0.91	0.95	0.99	0.99	0.94	0.99
Accounts Payable	0.98	0.09	0.98	0.94	-0.84	0.95	0.95	0.98		0.95	0.95	-0.97	0.94	0.96	0.97	0.54	0.86	0.97	0.96	0.77	0.91	0.93	0.99	0.95	0.89	0.98
Cash	0.98	-0.14	0.98	0.99	-0.8	0.96	0.96	0.97	0.95		0.97	-0.96	0.94	0.88	0.92	0.63	0.9	0.97	0.89	0.81	0.98	0.94	0.97	0.98	0.97	0.99
Non Current Assets Total	0.99	0.0	0.99	0.99	-0.9	0.98	0.99	0.99	0.95	0.97		-0.97	0.99	0.94	0.95	0.65	0.95	0.99	0.94	0.86	0.91	0.94	0.99	1.0	0.96	0.99
Non Currrent Assets Other	-0.98	0.01	-0.98	-0.96	0.82	-0.95	-0.96	-0.97	-0.97	-0.96	-0.97		-0.94	-0.95	-0.97	-0.62	-0.91	-0.97	-0.95	-0.84	-0.9	-0.97	-0.98	-0.97	-0.91	-0.98
Other Assets	0.98	0.11	0.97	0.97	-0.91	0.99	0.98	0.98	0.94	0.94	0.99	-0.94		0.95	0.95	0.62	0.95	0.98	0.95	0.81	0.86	0.9	0.97	0.98	0.93	0.97
Long Term Debt	0.96	0.23	0.94	0.91	-0.84	0.94	0.94	0.96	0.96	0.88	0.94	-0.95	0.95		0.98	0.58	0.9	0.96	1.0	0.77	0.79	0.9	0.96	0.93	0.82	0.94
Net Receivables	0.97	0.2	0.96	0.92	-0.86	0.94	0.94	0.95	0.97	0.92	0.95	-0.97	0.95	0.98		0.52	0.88	0.96	0.98	0.75	0.83	0.9	0.98	0.94	0.85	0.96
Good Will	0.62	-0.49	0.59	0.72	-0.53	0.67	0.68	0.68	0.54	0.63	0.65	-0.62	0.62	0.58	0.52		0.83	0.64	0.6	0.89	0.61	0.77	0.6	0.68	0.67	0.64
Common Stock Shares Outstanding	0.93	-0.09	0.91	0.96	-0.86	0.95	0.97	0.95	0.86	0.9	0.95	-0.91	0.95	0.9	0.88	0.83		0.95	0.91	0.93	0.82	0.94	0.92	0.95	0.92	0.93
Short Term Investments	1.0	0.04	0.99	0.98	-0.89	0.98	1.0	0.99	0.97	0.97	0.99	-0.97	0.98	0.96	0.96	0.64	0.95		0.96	0.85	0.9	0.95	1.0	0.99	0.95	0.99
Non Current Liabilities Total	0.96	0.21	0.94	0.91	-0.84	0.95	0.95	0.96	0.96	0.89	0.94	-0.95	0.95	1.0	0.98	0.6	0.91	0.96		0.78	0.79	0.91	0.96	0.93	0.83	0.94
Capital Lease Obligations	0.83	-0.31	0.82	0.87	-0.8	0.82	0.87	0.85	0.77	0.81	0.86	-0.84	0.81	0.77	0.75	0.89	0.93	0.85	0.78		0.77	0.94	0.82	0.86	0.85	0.84
Other Current Assets	0.92	-0.28	0.93	0.95	-0.72	0.91	0.89	0.91	0.91	0.98	0.91	-0.9	0.86	0.79	0.83	0.61	0.82	0.9	0.79	0.77		0.9	0.91	0.93	0.95	0.94
Other Stockholder Equity	0.95	-0.19	0.94	0.95	-0.8	0.92	0.95	0.95	0.93	0.94	0.94	-0.97	0.9	0.9	0.9	0.77	0.94	0.95	0.91	0.94	0.9		0.95	0.95	0.92	0.95
Total Liab	1.0	0.06	1.0	0.97	-0.88	0.98	0.98	0.99	0.99	0.97	0.99	-0.98	0.97	0.96	0.98	0.6	0.92	1.0	0.96	0.82	0.91	0.95		0.99	0.94	0.99
Net Invested Capital	0.99	-0.06	0.99	1.0	-0.86	0.99	0.99	0.99	0.95	0.98	1.0	-0.97	0.98	0.93	0.94	0.68	0.95	0.99	0.93	0.86	0.93	0.95	0.99		0.98	0.99
Short Long Term Debt	0.95	-0.21	0.95	0.98	-0.82	0.94	0.96	0.94	0.89	0.97	0.96	-0.91	0.93	0.82	0.85	0.67	0.92	0.95	0.83	0.85	0.95	0.92	0.94	0.98		0.96
Total Current Assets	1.0	-0.03	1.0	0.99	-0.86	0.98	0.98	0.99	0.98	0.99	0.99	-0.98	0.97	0.94	0.96	0.64	0.93	0.99	0.94	0.84	0.94	0.95	0.99	0.99	0.96

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China International Account Relationship Matchups

China International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	345.0B	521.6B	649.8B	648.8B	624.3B	519.0B
Other Current Liab	35.6B	49.5B	44.5B	1.1B	1.2B	1.1B
Total Current Liabilities	236.7B	343.1B	436.6B	458.7B	407.2B	348.3B
Total Stockholder Equity	48.3B	71.6B	84.4B	99.2B	104.6B	76.5B
Other Liab	3.2B	1.1B	1.4B	1.4B	1.3B	1.6B
Net Tangible Assets	39.2B	46.4B	69.7B	82.4B	94.7B	59.7B
Net Debt	125.5B	167.0B	185.2B	188.7B	203.8B	167.4B
Retained Earnings	15.7B	22.9B	32.4B	29.4B	32.8B	24.3B
Accounts Payable	96.5B	149.4B	235.5B	201.2B	177.8B	156.7B
Cash	24.0B	47.2B	66.1B	85.8B	72.1B	52.6B
Non Current Assets Total	19.2B	27.8B	31.0B	34.3B	34.7B	26.8B
Non Currrent Assets Other	1.2B	360.8M	86.1M	90.8M	240.8M	228.7M
Other Assets	5.3B	8.9B	14.1B	14.6B	16.8B	10.3B
Long Term Debt	57.6B	104.6B	125.8B	87.3B	106.9B	90.5B
Net Receivables	41.1B	77.4B	85.2B	73.4B	69.8B	64.2B
Short Term Investments	207.5B	295.6B	360.9B	353.0B	359.8B	294.1B
Non Current Liabilities Total	59.7B	106.7B	128.5B	90.6B	112.2B	93.9B
Capital Lease Obligations	1.5B	1.2B	2.0B	2.4B	4.4B	4.6B
Other Current Assets	231.2M	401.1M	928.2M	1.4B	1.0B	699.8M
Other Stockholder Equity	1.0B	1.3B	4.5B	7.7B	8.9B	9.4B
Total Liab	296.4B	449.8B	565.1B	549.3B	519.4B	442.2B
Net Invested Capital	197.7B	285.8B	335.8B	373.7B	380.5B	296.6B
Short Long Term Debt	91.8B	109.5B	125.6B	187.3B	169.0B	129.5B
Total Current Assets	297.0B	457.5B	576.1B	614.4B	589.6B	467.0B
Net Working Capital	89.0B	150.8B	182.2B	155.7B	182.5B	143.9B
Intangible Assets	285.1M	310.8M	432.7M	803.9M	1.1B	1.1B
Property Plant Equipment	597.2M	3.3B	3.0B	4.1B	4.7B	2.5B

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

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China Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

China International fundamental ratios Correlations

China International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China International fundamental ratios Accounts

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Other Information on Investing in China Stock

COMMON DESTINATIONS

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COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities

Total Current Assets	- 0.98	Non Currrent Assets Other
Total Liab	- 0.98	Non Currrent Assets Other
Non Currrent Assets Other	- 0.98	Total Current Liabilities
Non Currrent Assets Other	- 0.98	Total Assets
Net Invested Capital	- 0.97	Non Currrent Assets Other
Other Stockholder Equity	- 0.97	Non Currrent Assets Other