Shenzhen Tax Provision vs Total Operating Expenses Analysis

688518 Stock

15.21 0.63 3.98%

Shenzhen United financial indicator trend analysis is much more than just breaking down Shenzhen United Winners prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen United Winners is a good investment. Please check the relationship between Shenzhen United Tax Provision and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen United Winners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen United Winners Tax Provision account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shenzhen United's Tax Provision and Total Operating Expenses is 0.73. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Shenzhen United Winners, assuming nothing else is changed. The correlation between historical values of Shenzhen United's Tax Provision 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 Tax Provision of Shenzhen United Winners 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 Tax Provision i.e., Shenzhen United's Tax Provision and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

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 Shenzhen United's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen United Winners 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 Shenzhen United Winners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Selling General Administrative is expected to grow to about 325.6 M, whereas Tax Provision is forecasted to decline to about 19.7 M.

	2022	2024	2025 (projected)
Interest Expense	3.7M	8.5M	8.9M
Depreciation And Amortization	117.7M	135.3M	142.1M

Interest Expense Depreciation And Amortization

Shenzhen United fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Currrent Assets Other	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.91	0.06	0.99	0.98	0.99	0.14	0.99	1.0	0.94	1.0	0.55	0.88	-0.53	0.98	-0.57	0.82	0.99	1.0	0.9	0.86	0.82	0.41	-0.86	0.92	0.98
Short Long Term Debt Total	0.91		0.06	0.92	0.87	0.9	0.46	0.9	0.9	0.85	0.91	0.3	0.8	-0.61	0.91	-0.26	0.68	0.92	0.91	1.0	0.8	0.72	0.38	-0.67	0.76	0.92
Other Current Liab	0.06	0.06		0.15	-0.07	0.05	-0.23	-0.02	0.12	-0.28	0.09	0.33	0.22	-0.04	0.2	-0.12	0.34	0.15	0.05	0.05	0.2	0.31	0.68	-0.1	0.26	0.11
Total Current Liabilities	0.99	0.92	0.15		0.95	0.99	0.19	0.97	1.0	0.9	1.0	0.51	0.87	-0.49	1.0	-0.56	0.81	1.0	0.99	0.91	0.85	0.81	0.52	-0.83	0.92	0.99
Total Stockholder Equity	0.98	0.87	-0.07	0.95		0.97	0.08	0.99	0.96	0.97	0.97	0.59	0.88	-0.58	0.94	-0.59	0.82	0.95	0.99	0.87	0.86	0.83	0.26	-0.88	0.9	0.94
Property Plant And Equipment Net	0.99	0.9	0.05	0.99	0.97		0.18	0.99	1.0	0.94	1.0	0.49	0.84	-0.47	0.98	-0.58	0.79	0.99	0.99	0.9	0.84	0.77	0.46	-0.83	0.91	0.99
Net Debt	0.14	0.46	-0.23	0.19	0.08	0.18		0.14	0.16	0.18	0.17	-0.69	-0.04	0.0	0.19	0.34	-0.25	0.19	0.14	0.47	0.03	-0.19	0.17	0.3	-0.12	0.26
Retained Earnings	0.99	0.9	-0.02	0.97	0.99	0.99	0.14		0.98	0.96	0.99	0.55	0.87	-0.57	0.96	-0.6	0.81	0.97	0.99	0.89	0.87	0.81	0.33	-0.87	0.9	0.97
Accounts Payable	1.0	0.9	0.12	1.0	0.96	1.0	0.16	0.98		0.91	1.0	0.53	0.86	-0.48	0.99	-0.59	0.81	1.0	0.99	0.9	0.85	0.8	0.5	-0.84	0.92	0.99
Cash	0.94	0.85	-0.28	0.9	0.97	0.94	0.18	0.96	0.91		0.92	0.45	0.77	-0.51	0.88	-0.51	0.68	0.9	0.94	0.84	0.76	0.7	0.16	-0.82	0.8	0.9
Non Current Assets Total	1.0	0.91	0.09	1.0	0.97	1.0	0.17	0.99	1.0	0.92		0.52	0.86	-0.5	0.99	-0.59	0.81	1.0	1.0	0.9	0.86	0.8	0.47	-0.84	0.92	0.99
Cash And Short Term Investments	0.55	0.3	0.33	0.51	0.59	0.49	-0.69	0.55	0.53	0.45	0.52		0.72	-0.52	0.51	-0.58	0.83	0.51	0.56	0.29	0.64	0.83	0.08	-0.82	0.73	0.43
Common Stock Shares Outstanding	0.88	0.8	0.22	0.87	0.88	0.84	-0.04	0.87	0.86	0.77	0.86	0.72		-0.6	0.87	-0.52	0.96	0.86	0.88	0.79	0.96	0.98	0.27	-0.79	0.92	0.81
Non Current Liabilities Total	-0.53	-0.61	-0.04	-0.49	-0.58	-0.47	0.0	-0.57	-0.48	-0.51	-0.5	-0.52	-0.6		-0.47	0.23	-0.55	-0.49	-0.54	-0.61	-0.59	-0.67	0.15	0.66	-0.47	-0.44
Inventory	0.98	0.91	0.2	1.0	0.94	0.98	0.19	0.96	0.99	0.88	0.99	0.51	0.87	-0.47		-0.54	0.81	1.0	0.98	0.91	0.84	0.81	0.56	-0.81	0.92	0.99
Other Current Assets	-0.57	-0.26	-0.12	-0.56	-0.59	-0.58	0.34	-0.6	-0.59	-0.51	-0.59	-0.58	-0.52	0.23	-0.54		-0.59	-0.56	-0.57	-0.25	-0.54	-0.52	-0.31	0.65	-0.65	-0.56
Other Stockholder Equity	0.82	0.68	0.34	0.81	0.82	0.79	-0.25	0.81	0.81	0.68	0.81	0.83	0.96	-0.55	0.81	-0.59		0.81	0.82	0.67	0.95	0.97	0.31	-0.83	0.94	0.75
Total Liab	0.99	0.92	0.15	1.0	0.95	0.99	0.19	0.97	1.0	0.9	1.0	0.51	0.86	-0.49	1.0	-0.56	0.81		0.99	0.91	0.85	0.8	0.52	-0.82	0.92	0.99
Total Current Assets	1.0	0.91	0.05	0.99	0.99	0.99	0.14	0.99	0.99	0.94	1.0	0.56	0.88	-0.54	0.98	-0.57	0.82	0.99		0.9	0.87	0.83	0.4	-0.86	0.92	0.98
Short Term Debt	0.9	1.0	0.05	0.91	0.87	0.9	0.47	0.89	0.9	0.84	0.9	0.29	0.79	-0.61	0.91	-0.25	0.67	0.91	0.9		0.79	0.71	0.37	-0.67	0.75	0.91
Intangible Assets	0.86	0.8	0.2	0.85	0.86	0.84	0.03	0.87	0.85	0.76	0.86	0.64	0.96	-0.59	0.84	-0.54	0.95	0.85	0.87	0.79		0.93	0.27	-0.76	0.91	0.82
Common Stock	0.82	0.72	0.31	0.81	0.83	0.77	-0.19	0.81	0.8	0.7	0.8	0.83	0.98	-0.67	0.81	-0.52	0.97	0.8	0.83	0.71	0.93		0.23	-0.83	0.9	0.74
Non Currrent Assets Other	0.41	0.38	0.68	0.52	0.26	0.46	0.17	0.33	0.5	0.16	0.47	0.08	0.27	0.15	0.56	-0.31	0.31	0.52	0.4	0.37	0.27	0.23		-0.25	0.48	0.54
Other Liab	-0.86	-0.67	-0.1	-0.83	-0.88	-0.83	0.3	-0.87	-0.84	-0.82	-0.84	-0.82	-0.79	0.66	-0.81	0.65	-0.83	-0.82	-0.86	-0.67	-0.76	-0.83	-0.25		-0.88	-0.79
Net Tangible Assets	0.92	0.76	0.26	0.92	0.9	0.91	-0.12	0.9	0.92	0.8	0.92	0.73	0.92	-0.47	0.92	-0.65	0.94	0.92	0.92	0.75	0.91	0.9	0.48	-0.88		0.89
Other Assets	0.98	0.92	0.11	0.99	0.94	0.99	0.26	0.97	0.99	0.9	0.99	0.43	0.81	-0.44	0.99	-0.56	0.75	0.99	0.98	0.91	0.82	0.74	0.54	-0.79	0.89

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Shenzhen United Account Relationship Matchups

Shenzhen United fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.5B	4.0B	5.7B	7.0B	8.0B	8.4B
Short Long Term Debt Total	42.5M	3.4M	40.1M	242.6M	278.9M	292.9M
Other Current Liab	597.9M	1.4B	2.0B	62.2M	71.6M	68.0M
Total Current Liabilities	1.1B	2.5B	3.9B	3.9B	4.5B	4.8B
Total Stockholder Equity	1.4B	1.5B	1.8B	3.0B	3.5B	3.6B
Property Plant And Equipment Net	119.5M	323.8M	579.7M	731.2M	840.9M	882.9M
Net Debt	(58.1M)	(305.9M)	(209.1M)	(34.3M)	(30.9M)	(32.4M)
Retained Earnings	329.0M	378.7M	580.7M	801.3M	921.5M	967.6M
Accounts Payable	486.0M	1.1B	1.6B	1.7B	2.0B	2.1B
Cash	309.3M	249.2M	276.9M	986.3M	1.1B	1.2B
Non Current Assets Total	213.8M	490.5M	831.0M	951.8M	1.1B	1.1B
Cash And Short Term Investments	219.4M	864.7M	653.5M	372.2M	428.0M	387.2M
Common Stock Shares Outstanding	257.6M	296.8M	300.9M	339.0M	389.8M	270.1M
Liabilities And Stockholders Equity	1.6B	2.5B	4.0B	5.7B	6.5B	6.8B
Non Current Liabilities Total	12.8M	22.5M	15.6M	17.8M	16.0M	13.8M
Inventory	775.1M	1.8B	2.6B	2.5B	2.9B	3.0B
Other Current Assets	20.5M	50.4M	77.2M	22.8M	20.5M	19.5M
Other Stockholder Equity	387.7M	812.8M	841.0M	898.3M	1.0B	546.9M
Total Liab	1.1B	2.5B	3.9B	4.0B	4.6B	4.8B
Total Current Assets	2.3B	3.5B	4.8B	6.0B	6.9B	7.3B
Short Term Debt	41.2M	717.1K	30.2M	238.8M	274.6M	288.3M
Intangible Assets	67.5M	68.1M	104.6M	113.1M	130.0M	71.8M
Non Currrent Assets Other	12.0M	67.4M	107.9M	42.3M	48.6M	51.6M
Long Term Debt	2.7M	1.9M	1.4M	1.7M	1.5M	1.4M
Net Receivables	354.8M	542.4M	1.1B	1.5B	1.7B	1.8B
Short Term Investments	555.4M	404.3M	95.3M	392.2M	451.0M	344.5M
Net Invested Capital	1.4B	1.6B	2.0B	3.3B	3.7B	2.0B
Short Long Term Debt	717.1K	30.2M	238.8M	241.9M	278.2M	292.2M
Net Working Capital	1.2B	1.1B	964.9M	2.1B	2.4B	1.3B

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

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Shenzhen Tax Provision vs Total Operating Expenses Analysis

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Tax Provision

Total Operating Expenses

Shenzhen United fundamental ratios Correlations

Shenzhen United Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen United fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities

Net Tangible Assets	- 0.88	Other Liab
Other Liab	- 0.88	Total Stockholder Equity
Other Liab	- 0.87	Retained Earnings
Other Liab	- 0.86	Total Current Assets
Other Liab	- 0.86	Total Assets
Other Liab	- 0.84	Non Current Assets Total