605388 Stock | | | 7.15 0.15 2.14% |
JuneYao Dairy financial indicator trend analysis is infinitely more than just investigating JuneYao Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JuneYao Dairy is a good investment. Please check the relationship between JuneYao Dairy Depreciation And Amortization and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in JuneYao Dairy 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.
Depreciation And Amortization vs Income Before Tax
Depreciation And Amortization vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JuneYao Dairy Depreciation And Amortization account and
Income Before Tax. At this time, the significance of the direction appears to have pay attention.
The correlation between JuneYao Dairy's Depreciation And Amortization and Income Before Tax is -0.82. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of JuneYao Dairy Co, assuming nothing else is changed. The correlation between historical values of JuneYao Dairy's Depreciation And Amortization and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of JuneYao Dairy Co are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Depreciation And Amortization i.e., JuneYao Dairy's Depreciation And Amortization and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on JuneYao Dairy income statement and is an important metric when analyzing JuneYao Dairy 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.
Most indicators from JuneYao Dairy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JuneYao Dairy 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 JuneYao Dairy 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
Selling General Administrative is expected to grow to about 307.8
M, whereas
Tax Provision is forecasted to decline to about 18.1
M.
JuneYao Dairy fundamental ratios Correlations
Click cells to compare fundamentals
JuneYao Dairy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JuneYao Dairy fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in JuneYao Stock
Balance Sheet is a snapshot of the
financial position of JuneYao Dairy at a specified time, usually calculated after every quarter, six months, or one year. JuneYao Dairy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JuneYao Dairy 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 JuneYao currently owns. An asset can also be divided into two categories, current and non-current.