| 603659 Stock | | | 17.20 0.17 1.00% |
Shanghai Putailai financial indicator trend analysis is much more than just breaking down Shanghai Putailai New prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Putailai New is a good investment. Please check the relationship between Shanghai Putailai Minority Interest and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Putailai New. 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.
Minority Interest vs Tax Provision
Minority Interest vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Putailai New Minority Interest account and
Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shanghai Putailai's Minority Interest and Tax Provision is -0.7. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Shanghai Putailai New, assuming nothing else is changed. The correlation between historical values of Shanghai Putailai's Minority Interest 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 Minority Interest of Shanghai Putailai New 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 Minority Interest i.e., Shanghai Putailai's Minority Interest and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Shanghai Putailai New whose combined shares represent less than 50% of the total outstanding shares issued by Shanghai Putailai have a minority interest in Shanghai Putailai.
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 Shanghai Putailai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Putailai New 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 Shanghai Putailai New. 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 December 22, 2024,
Selling General Administrative is expected to decline to about 204.5
M. In addition to that, Tax Provision is expected to decline to about 163.7
MShanghai Putailai fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Putailai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Putailai fundamental ratios Accounts
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Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Putailai New at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Putailai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Putailai 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.