Jiangsu Income Before Tax vs Tax Provision Analysis

603688 Stock

29.08 0.41 1.39%

Jiangsu Pacific financial indicator trend analysis is infinitely more than just investigating Jiangsu Pacific Quartz recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Pacific Quartz is a good investment. Please check the relationship between Jiangsu Pacific 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 Jiangsu Pacific Quartz. 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 Jiangsu Pacific Quartz Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have totally related.

The correlation between Jiangsu Pacific's Income Before Tax and Tax Provision is 1.0. 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 Jiangsu Pacific Quartz, assuming nothing else is changed. The correlation between historical values of Jiangsu Pacific'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 Jiangsu Pacific Quartz 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., Jiangsu Pacific's Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Jiangsu Pacific income statement and is an important metric when analyzing Jiangsu Pacific Quartz 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 Jiangsu Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Pacific Quartz 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 Jiangsu Pacific Quartz. 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 913.3 M, whereas Selling General Administrative is forecasted to decline to about 35.5 M.

	2021	2022	2023	2024 (projected)
Operating Income	295.1M	1.2B	5.9B	6.2B
Total Revenue	960.7M	2.0B	7.2B	7.5B

Operating Income Total Revenue

Jiangsu Pacific fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Net Tangible Assets	Short Term Investments	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.22	0.99	1.0	1.0	1.0	0.96	0.88	0.96	0.98	0.98	0.97	0.96	0.56	0.91	0.02	0.64	0.74	0.9	0.49	-0.91	0.99	-0.91	0.83	0.37	0.07
Other Current Liab	0.22		0.28	0.21	0.2	0.2	0.04	0.46	0.11	0.31	0.15	0.25	0.34	0.32	0.43	-0.07	0.5	0.58	0.19	0.35	0.01	0.17	0.01	0.43	0.97	-0.04
Total Current Liabilities	0.99	0.28		0.99	0.99	0.99	0.96	0.89	0.94	0.96	0.99	0.95	0.93	0.49	0.88	-0.04	0.62	0.73	0.88	0.42	-0.91	0.99	-0.91	0.82	0.43	-0.03
Total Stockholder Equity	1.0	0.21	0.99		1.0	1.0	0.96	0.88	0.96	0.98	0.98	0.97	0.96	0.56	0.91	0.02	0.63	0.73	0.89	0.48	-0.91	0.99	-0.91	0.83	0.37	0.05
Retained Earnings	1.0	0.2	0.99	1.0		1.0	0.97	0.88	0.96	0.97	0.99	0.96	0.94	0.52	0.89	-0.01	0.62	0.72	0.89	0.44	-0.92	1.0	-0.92	0.82	0.36	0.02
Accounts Payable	1.0	0.2	0.99	1.0	1.0		0.97	0.87	0.96	0.97	0.99	0.96	0.95	0.54	0.89	-0.01	0.61	0.72	0.88	0.47	-0.91	0.99	-0.91	0.82	0.36	0.02
Cash	0.96	0.04	0.96	0.96	0.97	0.97		0.8	0.93	0.9	0.98	0.9	0.86	0.38	0.77	-0.1	0.52	0.6	0.86	0.3	-0.94	0.98	-0.94	0.72	0.21	-0.06
Other Assets	0.88	0.46	0.89	0.88	0.88	0.87	0.8		0.86	0.87	0.85	0.82	0.85	0.51	0.84	0.12	0.59	0.74	0.75	0.38	-0.74	0.86	-0.74	0.77	0.62	-0.13
Net Receivables	0.96	0.11	0.94	0.96	0.96	0.96	0.93	0.86		0.9	0.94	0.92	0.89	0.57	0.87	0.24	0.46	0.63	0.81	0.46	-0.89	0.95	-0.89	0.75	0.28	0.03
Inventory	0.98	0.31	0.96	0.98	0.97	0.97	0.9	0.87	0.9		0.94	0.97	0.99	0.63	0.95	-0.02	0.73	0.81	0.9	0.58	-0.84	0.96	-0.84	0.87	0.44	0.15
Other Current Assets	0.98	0.15	0.99	0.98	0.99	0.99	0.98	0.85	0.94	0.94		0.95	0.9	0.43	0.83	-0.06	0.59	0.67	0.9	0.36	-0.93	1.0	-0.93	0.78	0.31	0.0
Total Liab	0.97	0.25	0.95	0.97	0.96	0.96	0.9	0.82	0.92	0.97	0.95		0.95	0.62	0.93	0.05	0.7	0.75	0.94	0.58	-0.85	0.96	-0.85	0.84	0.36	0.28
Intangible Assets	0.96	0.34	0.93	0.96	0.94	0.95	0.86	0.85	0.89	0.99	0.9	0.95		0.7	0.97	0.03	0.73	0.82	0.86	0.66	-0.8	0.93	-0.8	0.88	0.46	0.18
Common Stock	0.56	0.32	0.49	0.56	0.52	0.54	0.38	0.51	0.57	0.63	0.43	0.62	0.7		0.78	0.46	0.59	0.75	0.47	0.95	-0.25	0.48	-0.25	0.76	0.37	0.44
Property Plant Equipment	0.91	0.43	0.88	0.91	0.89	0.89	0.77	0.84	0.87	0.95	0.83	0.93	0.97	0.78		0.18	0.72	0.83	0.81	0.73	-0.71	0.86	-0.71	0.87	0.53	0.26
Long Term Debt	0.02	-0.07	-0.04	0.02	-0.01	-0.01	-0.1	0.12	0.24	-0.02	-0.06	0.05	0.03	0.46	0.18		-0.23	-0.01	-0.13	0.34	0.06	-0.04	0.06	0.02	-0.08	0.26
Other Liab	0.64	0.5	0.62	0.63	0.62	0.61	0.52	0.59	0.46	0.73	0.59	0.7	0.73	0.59	0.72	-0.23		0.91	0.71	0.63	-0.32	0.61	-0.32	0.88	0.53	0.33
Net Tangible Assets	0.74	0.58	0.73	0.73	0.72	0.72	0.6	0.74	0.63	0.81	0.67	0.75	0.82	0.75	0.83	-0.01	0.91		0.68	0.74	-0.39	0.7	-0.39	0.98	0.68	0.15
Short Term Investments	0.9	0.19	0.88	0.89	0.89	0.88	0.86	0.75	0.81	0.9	0.9	0.94	0.86	0.47	0.81	-0.13	0.71	0.68		0.44	-0.81	0.9	-0.81	0.76	0.29	0.31
Long Term Investments	0.49	0.35	0.42	0.48	0.44	0.47	0.3	0.38	0.46	0.58	0.36	0.58	0.66	0.95	0.73	0.34	0.63	0.74	0.44		-0.17	0.41	-0.17	0.74	0.36	0.55
Short Long Term Debt	-0.91	0.01	-0.91	-0.91	-0.92	-0.91	-0.94	-0.74	-0.89	-0.84	-0.93	-0.85	-0.8	-0.25	-0.71	0.06	-0.32	-0.39	-0.81	-0.17		-0.93	1.0	-0.53	-0.14	0.05
Total Current Assets	0.99	0.17	0.99	0.99	1.0	0.99	0.98	0.86	0.95	0.96	1.0	0.96	0.93	0.48	0.86	-0.04	0.61	0.7	0.9	0.41	-0.93		-0.93	0.8	0.33	0.03
Short Term Debt	-0.91	0.01	-0.91	-0.91	-0.92	-0.91	-0.94	-0.74	-0.89	-0.84	-0.93	-0.85	-0.8	-0.25	-0.71	0.06	-0.32	-0.39	-0.81	-0.17	1.0	-0.93		-0.53	-0.14	0.05
Non Current Assets Total	0.83	0.43	0.82	0.83	0.82	0.82	0.72	0.77	0.75	0.87	0.78	0.84	0.88	0.76	0.87	0.02	0.88	0.98	0.76	0.74	-0.53	0.8	-0.53		0.55	0.16
Non Currrent Assets Other	0.37	0.97	0.43	0.37	0.36	0.36	0.21	0.62	0.28	0.44	0.31	0.36	0.46	0.37	0.53	-0.08	0.53	0.68	0.29	0.36	-0.14	0.33	-0.14	0.55		-0.19
Non Current Liabilities Total	0.07	-0.04	-0.03	0.05	0.02	0.02	-0.06	-0.13	0.03	0.15	0.0	0.28	0.18	0.44	0.26	0.26	0.33	0.15	0.31	0.55	0.05	0.03	0.05	0.16	-0.19

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Jiangsu Pacific Account Relationship Matchups

Jiangsu Pacific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.2B	2.4B	3.7B	8.4B	8.8B
Other Current Liab	15.5M	14.8M	28.9M	198.5M	20.3M	31.4M
Total Current Liabilities	82.4M	91.8M	129.4M	368.9M	783.1M	822.3M
Total Stockholder Equity	1.5B	1.9B	2.2B	3.3B	7.5B	7.9B
Retained Earnings	722.9M	860.5M	1.1B	2.0B	5.6B	5.8B
Accounts Payable	55.2M	65.2M	83.1M	122.4M	292.2M	306.9M
Cash	168.2M	381.9M	189.3M	454.2M	2.6B	2.8B
Other Assets	6.1M	11.6M	29.7M	97.6M	112.3M	117.9M
Net Receivables	238.3M	139.4M	202.0M	269.4M	674.3M	708.0M
Inventory	219.6M	305.7M	359.7M	447.1M	748.4M	785.8M
Other Current Assets	49.3M	29.1M	46.1M	124.0M	426.9M	448.3M
Total Liab	399.4M	226.9M	266.5M	401.1M	827.5M	868.8M
Intangible Assets	48.3M	76.2M	78.1M	97.8M	149.7M	157.1M
Property Plant Equipment	611.7M	635.7M	723.5M	918.8M	1.1B	1.1B
Other Liab	21.5M	27.0M	23.4M	32.2M	37.0M	20.3M
Net Tangible Assets	1.5B	1.9B	2.1B	3.1B	3.6B	1.8B
Short Term Investments	520M	300M	382.9M	445.7M	858.2M	901.1M
Total Current Assets	1.2B	1.3B	1.5B	2.3B	6.4B	6.7B
Non Current Assets Total	742.7M	870.0M	977.4M	1.4B	2.0B	1.1B
Non Currrent Assets Other	3.8M	9.2M	20.0M	86.7M	27.6M	26.6M
Non Current Liabilities Total	317.0M	135.1M	137.1M	32.2M	44.3M	42.1M
Net Invested Capital	1.8B	2.1B	2.3B	3.3B	7.5B	7.9B
Net Working Capital	1.1B	1.2B	1.3B	2.0B	5.6B	5.9B

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Other Information on Investing in Jiangsu Stock

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

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Jiangsu 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

Jiangsu Pacific fundamental ratios Correlations

Jiangsu Pacific Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Jiangsu Pacific fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Jiangsu Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Accounts Payable	+ 1.0	Total Stockholder Equity
Accounts Payable	+ 1.0	Retained Earnings

Short Term Debt	- 0.94	Cash
Short Long Term Debt	- 0.94	Cash
Short Term Debt	- 0.93	Total Current Assets
Total Current Assets	- 0.93	Short Long Term Debt
Short Term Debt	- 0.93	Other Current Assets
Short Long Term Debt	- 0.93	Other Current Assets