| 605098 Stock | | | 34.26 0.18 0.53% |
Shanghai Action financial indicator trend analysis is much more than just breaking down Shanghai Action Education prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Action Education is a good investment. Please check the relationship between Shanghai Action Income Before Tax and its Total Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Action Education. 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 Total Operating Expenses
Income Before Tax vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Action Education Income Before Tax account and
Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai Action's Income Before Tax and Total Operating Expenses is 0.64. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Shanghai Action Education, assuming nothing else is changed. The correlation between historical values of Shanghai Action's Income Before Tax and Total 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 Income Before Tax of Shanghai Action Education are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Shanghai Action's Income Before Tax and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Shanghai Action income statement and is an important metric when analyzing Shanghai Action Education 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.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Shanghai Action's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Action Education 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 Action Education. 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
Selling General Administrative is expected to grow to about 211
M, whereas
Tax Provision is forecasted to decline to about 27.5
M.
Shanghai Action fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Action Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Action fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Action Education at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Action Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Action 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.