Guobo Tax Provision vs Income Before Tax Analysis
| 688375 Stock | 48.24 0.75 1.58% |
Guobo Electronics financial indicator trend analysis is much more than just examining Guobo Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guobo Electronics is a good investment. Please check the relationship between Guobo Electronics Tax Provision and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guobo Electronics 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.
Tax Provision vs Income Before Tax
Tax Provision vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guobo Electronics Tax Provision account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Guobo Electronics' Tax Provision and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Guobo Electronics Co, assuming nothing else is changed. The correlation between historical values of Guobo Electronics' Tax Provision 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 Tax Provision of Guobo Electronics 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 Tax Provision i.e., Guobo Electronics' Tax Provision and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.98 |
| 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Guobo Electronics income statement and is an important metric when analyzing Guobo Electronics 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 Guobo Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guobo Electronics 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 Guobo Electronics 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. As of December 21, 2024, Tax Provision is expected to decline to about 34.6 M. In addition to that, Selling General Administrative is expected to decline to about 26.6 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.9M | 9.0M | 6.7M | 8.4M | Interest Income | 1.8M | 12.0M | 28.7M | 30.1M |
Guobo Electronics fundamental ratios Correlations
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Guobo Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Guobo Stock
Balance Sheet is a snapshot of the financial position of Guobo Electronics at a specified time, usually calculated after every quarter, six months, or one year. Guobo Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guobo Electronics 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 Guobo currently owns. An asset can also be divided into two categories, current and non-current.