Jinhui Net Income From Continuing Ops vs Tax Provision Analysis

603132 Stock   11.80  0.13  1.09%   
Jinhui Mining financial indicator trend analysis is infinitely more than just investigating Jinhui Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinhui Mining is a good investment. Please check the relationship between Jinhui Mining Net Income From Continuing Ops and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jinhui Mining 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 nation.

Net Income From Continuing Ops vs Tax Provision

Net Income From Continuing Ops vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jinhui Mining Net Income From Continuing Ops account and Tax Provision. At this time, the significance of the direction appears to have totally related.
The correlation between Jinhui Mining's Net Income From Continuing Ops and Tax Provision is 0.99. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Jinhui Mining Co, assuming nothing else is changed. The correlation between historical values of Jinhui Mining's Net Income From Continuing Ops 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 Net Income From Continuing Ops of Jinhui Mining Co 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 Net Income From Continuing Ops i.e., Jinhui Mining's Net Income From Continuing Ops and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income From Continuing Ops

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 Jinhui Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinhui Mining 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 Jinhui Mining 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 nation.
The current year's Tax Provision is expected to grow to about 54.1 M, whereas Selling General Administrative is forecasted to decline to about 26.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense120.3M75.0M68.0M103.7M
Interest Income4.7M15.7M12.8M11.2M

Jinhui Mining fundamental ratios Correlations

-0.54-0.430.790.940.770.96-0.890.560.30.930.970.88-0.53-0.380.020.980.97-0.57-0.590.49-0.65-0.660.950.85-0.56
-0.54-0.380.01-0.320.01-0.730.250.17-0.63-0.41-0.65-0.85-0.060.910.72-0.63-0.420.940.58-0.870.01-0.12-0.33-0.080.21
-0.43-0.38-0.84-0.55-0.78-0.30.77-0.910.67-0.43-0.36-0.060.84-0.63-0.6-0.43-0.49-0.440.270.520.870.96-0.56-0.820.46
0.790.01-0.840.910.990.64-0.950.92-0.230.850.670.44-0.860.180.420.750.87-0.05-0.5-0.01-0.92-0.940.810.96-0.39
0.94-0.32-0.550.910.920.83-0.910.720.180.990.830.7-0.67-0.210.160.880.99-0.42-0.530.38-0.75-0.740.880.88-0.35
0.770.01-0.780.990.920.6-0.910.9-0.180.870.620.41-0.850.140.40.70.87-0.09-0.480.06-0.89-0.880.760.91-0.25
0.96-0.73-0.30.640.830.6-0.820.440.350.830.990.97-0.44-0.51-0.220.990.88-0.68-0.650.58-0.57-0.540.860.73-0.59
-0.890.250.77-0.95-0.91-0.91-0.82-0.860.14-0.85-0.84-0.660.830.0-0.18-0.9-0.90.230.61-0.130.910.92-0.87-0.950.53
0.560.17-0.910.920.720.90.44-0.86-0.520.630.450.23-0.940.390.350.560.650.17-0.46-0.23-0.96-0.950.560.81-0.23
0.3-0.630.67-0.230.18-0.180.350.14-0.520.290.320.520.57-0.8-0.460.230.25-0.750.110.820.490.490.19-0.180.04
0.93-0.41-0.430.850.990.870.83-0.850.630.290.820.73-0.6-0.340.090.860.99-0.54-0.570.51-0.68-0.640.840.82-0.26
0.97-0.65-0.360.670.830.620.99-0.840.450.320.820.94-0.43-0.43-0.10.980.89-0.6-0.580.49-0.57-0.590.920.78-0.69
0.88-0.85-0.060.440.70.410.97-0.660.230.520.730.94-0.23-0.67-0.420.920.77-0.8-0.570.71-0.36-0.320.750.54-0.53
-0.53-0.060.84-0.86-0.67-0.85-0.440.83-0.940.57-0.6-0.43-0.23-0.27-0.32-0.56-0.61-0.060.680.150.980.9-0.49-0.780.18
-0.380.91-0.630.18-0.210.14-0.510.00.39-0.8-0.34-0.43-0.67-0.270.66-0.4-0.30.970.44-0.97-0.23-0.38-0.160.12-0.07
0.020.72-0.60.420.160.4-0.22-0.180.35-0.460.09-0.1-0.42-0.320.66-0.110.110.630.17-0.62-0.32-0.460.270.46-0.23
0.98-0.63-0.430.750.880.70.99-0.90.560.230.860.980.92-0.56-0.4-0.110.92-0.59-0.670.48-0.68-0.660.90.81-0.6
0.97-0.42-0.490.870.990.870.88-0.90.650.250.990.890.77-0.61-0.30.110.92-0.5-0.560.45-0.71-0.70.910.87-0.41
-0.570.94-0.44-0.05-0.42-0.09-0.680.230.17-0.75-0.54-0.6-0.8-0.060.970.63-0.59-0.50.55-0.98-0.01-0.17-0.33-0.090.01
-0.590.580.27-0.5-0.53-0.48-0.650.61-0.460.11-0.57-0.58-0.570.680.440.17-0.67-0.560.55-0.440.670.47-0.41-0.510.16
0.49-0.870.52-0.010.380.060.58-0.13-0.230.820.510.490.710.15-0.97-0.620.480.45-0.98-0.440.110.260.250.00.14
-0.650.010.87-0.92-0.75-0.89-0.570.91-0.960.49-0.68-0.57-0.360.98-0.23-0.32-0.68-0.71-0.010.670.110.95-0.63-0.870.33
-0.66-0.120.96-0.94-0.74-0.88-0.540.92-0.950.49-0.64-0.59-0.320.9-0.38-0.46-0.66-0.7-0.170.470.260.95-0.72-0.930.51
0.95-0.33-0.560.810.880.760.86-0.870.560.190.840.920.75-0.49-0.160.270.90.91-0.33-0.410.25-0.63-0.720.92-0.73
0.85-0.08-0.820.960.880.910.73-0.950.81-0.180.820.780.54-0.780.120.460.810.87-0.09-0.510.0-0.87-0.930.92-0.61
-0.560.210.46-0.39-0.35-0.25-0.590.53-0.230.04-0.26-0.69-0.530.18-0.07-0.23-0.6-0.410.010.160.140.330.51-0.73-0.61
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Other Information on Investing in Jinhui Stock

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