Xilinmen Tax Provision vs Total Revenue Analysis

603008 Stock   18.95  0.45  2.43%   
Xilinmen Furniture financial indicator trend analysis is more than just analyzing Xilinmen Furniture current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xilinmen Furniture is a good investment. Please check the relationship between Xilinmen Furniture Tax Provision and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xilinmen Furniture Co. 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.

Tax Provision vs Total Revenue

Tax Provision vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xilinmen Furniture Tax Provision account and Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xilinmen Furniture's Tax Provision and Total Revenue is 0.3. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Xilinmen Furniture Co, assuming nothing else is changed. The correlation between historical values of Xilinmen Furniture's Tax Provision and Total Revenue 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 Xilinmen Furniture Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Tax Provision i.e., Xilinmen Furniture's Tax Provision and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Total Revenue

Total revenue comprises all receipts Xilinmen Furniture 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.
Most indicators from Xilinmen Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xilinmen Furniture 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 Xilinmen Furniture Co. 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 1.6 B, whereas Tax Provision is forecasted to decline to about 72.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.5B2.5B3.0B1.9B
Research Development183.2M191.5M179.8M122.9M

Xilinmen Furniture fundamental ratios Correlations

0.380.990.980.830.890.860.750.810.960.580.990.970.850.90.30.170.940.83-0.83-0.580.870.930.950.830.34
0.380.440.360.10.160.12-0.140.390.310.710.390.360.410.240.650.230.21-0.03-0.230.120.050.350.38-0.140.82
0.990.440.950.80.880.840.720.820.970.621.00.980.820.890.370.160.930.8-0.83-0.550.860.940.960.80.4
0.980.360.950.830.850.870.730.80.930.530.950.930.910.890.240.140.940.79-0.77-0.560.820.890.910.790.31
0.830.10.80.830.960.970.950.570.750.430.810.790.680.93-0.040.140.910.83-0.86-0.80.820.770.870.890.22
0.890.160.880.850.960.950.930.710.860.460.890.860.70.960.130.090.920.87-0.87-0.740.880.880.930.910.23
0.860.120.840.870.970.950.920.570.80.510.850.810.670.910.010.010.940.84-0.89-0.790.850.810.920.890.28
0.75-0.140.720.730.950.930.920.510.710.230.750.730.560.86-0.210.060.850.89-0.82-0.860.830.720.790.940.0
0.810.390.820.80.570.710.570.510.90.250.810.810.820.770.480.20.660.66-0.42-0.170.590.850.720.560.08
0.960.310.970.930.750.860.80.710.90.440.960.950.810.860.380.120.880.83-0.72-0.450.850.940.910.80.21
0.580.710.620.530.430.460.510.230.250.440.590.550.430.470.490.050.550.17-0.65-0.320.410.530.670.280.93
0.990.391.00.950.810.890.850.750.810.960.590.980.810.890.320.20.930.83-0.84-0.590.890.930.950.830.35
0.970.360.980.930.790.860.810.730.810.950.550.980.830.890.360.220.90.8-0.8-0.550.870.890.910.810.3
0.850.410.820.910.680.70.670.560.820.810.430.810.830.840.350.240.740.59-0.54-0.330.610.770.730.590.24
0.90.240.890.890.930.960.910.860.770.860.470.890.890.840.240.220.880.79-0.8-0.630.810.850.90.830.24
0.30.650.370.24-0.040.130.01-0.210.480.380.490.320.360.350.240.110.1-0.1-0.080.430.120.360.31-0.10.5
0.170.230.160.140.140.090.010.060.20.120.050.20.220.240.220.110.010.02-0.02-0.010.03-0.020.010.02-0.02
0.940.210.930.940.910.920.940.850.660.880.550.930.90.740.880.10.010.85-0.89-0.720.910.890.950.90.32
0.83-0.030.80.790.830.870.840.890.660.830.170.830.80.590.79-0.10.020.85-0.8-0.770.910.770.810.93-0.05
-0.83-0.23-0.83-0.77-0.86-0.87-0.89-0.82-0.42-0.72-0.65-0.84-0.8-0.54-0.8-0.08-0.02-0.89-0.80.84-0.91-0.74-0.9-0.86-0.46
-0.580.12-0.55-0.56-0.8-0.74-0.79-0.86-0.17-0.45-0.32-0.59-0.55-0.33-0.630.43-0.01-0.72-0.770.84-0.72-0.47-0.64-0.81-0.13
0.870.050.860.820.820.880.850.830.590.850.410.890.870.610.810.120.030.910.91-0.91-0.720.820.870.950.17
0.930.350.940.890.770.880.810.720.850.940.530.930.890.770.850.36-0.020.890.77-0.74-0.470.820.930.790.34
0.950.380.960.910.870.930.920.790.720.910.670.950.910.730.90.310.010.950.81-0.9-0.640.870.930.830.47
0.83-0.140.80.790.890.910.890.940.560.80.280.830.810.590.83-0.10.020.90.93-0.86-0.810.950.790.830.0
0.340.820.40.310.220.230.280.00.080.210.930.350.30.240.240.5-0.020.32-0.05-0.46-0.130.170.340.470.0
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Xilinmen Furniture Account Relationship Matchups

Xilinmen Furniture fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.7B7.6B8.3B9.0B8.9B4.9B
Other Current Liab294.9M980.4M402.1M35.1M24.4M23.2M
Total Current Liabilities3.5B4.2B4.3B4.6B4.4B2.4B
Total Stockholder Equity2.7B2.9B3.2B3.5B3.7B2.1B
Retained Earnings899.3M1.2B1.7B1.6B2.0B2.1B
Accounts Payable1.5B1.7B2.4B2.1B2.5B2.7B
Cash1.0B1.5B1.7B2.0B1.9B2.0B
Other Assets258.3M287.3M222.5M862.1M991.4M1.0B
Net Receivables1.4B745.4M1.2B874.1M944.3M761.1M
Inventory1.2B798.5M1.1B1.2B1.0B630.4M
Other Current Assets147.1M1.7B152.8M704.8M427.4M304.9M
Total Liab3.8B4.4B4.9B5.3B5.0B2.7B
Intangible Assets249.2M257.4M286.7M328.0M317.6M165.4M
Common Stock394.3M394.9M391.1M387.4M445.5M332.4M
Property Plant Equipment1.6B1.7B1.7B1.9B2.2B2.3B
Short Term Investments88.1M81.5M773.9K567.2K652.3K619.7K
Other Liab51.0M71.7M55.6M64.4M58.0M61.0M
Net Tangible Assets1.9B2.5B2.7B3.1B3.6B2.2B
Long Term Debt188.0M90.2M430.2M331.3M321.6M221.3M
Other Stockholder Equity140.7K4.4M(2.6M)(8.1M)(7.3M)(7.0M)
Deferred Long Term Liab131.4M165.4M150.5M215.1M247.4M141.9M
Total Current Assets3.8B5.1B4.7B5.1B4.7B4.1B
Non Current Assets Total2.8B2.4B3.6B4.0B4.2B3.3B
Non Currrent Assets Other19.2M1.7B113.4M134.0M100.0M95.0M
Non Current Liabilities Total247.3M145.8M644.6M693.1M609.1M386.1M
Short Long Term Debt1.6B1.4B1.2B1.7B1.1B1.4B
Net Invested Capital4.4B4.4B4.9B5.5B5.1B5.1B
Net Working Capital300.9M872.3M428.6M457.5M329.8M437.6M

Currently Active Assets on Macroaxis

Other Information on Investing in Xilinmen Stock

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