| 603219 Stock | | | 14.68 0.24 1.61% |
Ningbo Fujia financial indicator trend analysis is infinitely more than just investigating Ningbo Fujia Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fujia Industrial is a good investment. Please check the relationship between Ningbo Fujia Tax Provision and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fujia Industrial. 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 Other Operating Expenses
Tax Provision vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo Fujia Industrial Tax Provision account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ningbo Fujia's Tax Provision and Other Operating Expenses is 0.94. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Ningbo Fujia Industrial, assuming nothing else is changed. The correlation between historical values of Ningbo Fujia's Tax Provision and Other Operating Expenses 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 Ningbo Fujia Industrial are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Tax Provision i.e., Ningbo Fujia's Tax Provision and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ningbo Fujia Industrial. It is also known as Ningbo Fujia overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Ningbo Fujia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fujia Industrial 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 Ningbo Fujia Industrial. 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.
As of December 27, 2024,
Selling General Administrative is expected to decline to about 32.4
M. In addition to that, Tax Provision is expected to decline to about 34.7
MNingbo Fujia fundamental ratios Correlations
Click cells to compare fundamentals
Ningbo Fujia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningbo Fujia fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Balance Sheet is a snapshot of the
financial position of Ningbo Fujia Industrial at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Fujia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Fujia 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.