YY Minority Interest vs Tax Provision Analysis
YY Stock | USD 33.96 0.15 0.44% |
YY financial indicator trend analysis is more than just analyzing YY Inc Class current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YY Inc Class is a good investment. Please check the relationship between YY Minority Interest and its Tax Provision accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YY Inc Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Minority Interest vs Tax Provision
Minority Interest vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YY Inc Class Minority Interest account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between YY's Minority Interest and Tax Provision is 0.75. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Tax Provision in the same time period over historical financial statements of YY Inc Class, assuming nothing else is changed. The correlation between historical values of YY's Minority Interest 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 Minority Interest of YY Inc Class 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 Minority Interest i.e., YY's Minority Interest and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of YY Inc Class whose combined shares represent less than 50% of the total outstanding shares issued by YY have a minority interest in YY.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 YY's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YY Inc Class 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YY Inc Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. Selling General Administrative is likely to drop to about 97.6 M in 2024. Tax Provision is likely to drop to about 17.9 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.5M | 12.8M | 10.4M | 15.5M | Depreciation And Amortization | 90.9M | 108.0M | 132.5M | 139.1M |
YY fundamental ratios Correlations
Click cells to compare fundamentals
YY Account Relationship Matchups
High Positive Relationship
High Negative Relationship
YY fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 77.2M | 80.0M | 78.1M | 73.6M | 73.1M | 69.0M | |
Total Assets | 7.5B | 8.1B | 9.1B | 9.1B | 8.5B | 8.9B | |
Other Current Liab | 764.2M | 727.3M | 2.4B | 2.4B | 2.5B | 2.6B | |
Total Current Liabilities | 1.1B | 942.9M | 2.5B | 3.1B | 3.1B | 3.2B | |
Total Stockholder Equity | 4.7B | 6.2B | 5.5B | 5.2B | 5.2B | 2.6B | |
Property Plant And Equipment Net | 361.9M | 422.7M | 382.0M | 376.4M | 420.9M | 441.9M | |
Current Deferred Revenue | 213.4M | 67.9M | 64.3M | 89.5M | 79.7M | 85.3M | |
Net Debt | 278.8M | (827.5M) | (896.3M) | (306.9M) | (575.4M) | (546.7M) | |
Retained Earnings | 1.5B | 3.0B | 2.7B | 2.7B | 2.9B | 3.1B | |
Accounts Payable | 17.8M | 20.9M | 18.0M | 56M | 66.8M | 70.1M | |
Cash | 556.5M | 1.7B | 1.8B | 1.2B | 1.1B | 657.5M | |
Non Current Assets Total | 3.3B | 4.2B | 4.0B | 4.4B | 4.4B | 4.6B | |
Non Currrent Assets Other | 74.8M | 36.2M | 4.9M | 12.6M | 16.8M | 15.9M | |
Other Assets | 651.0M | 365.2M | 4.9M | 12.6M | 14.5M | 13.8M | |
Cash And Short Term Investments | 3.8B | 3.6B | 4.4B | 3.9B | 3.3B | 2.0B | |
Net Receivables | 126.4M | 143.6M | 171.4M | 119.7M | 291.7M | 306.3M | |
Good Will | 1.9B | 1.9B | 2.0B | 2.6B | 2.6B | 2.8B | |
Liabilities And Stockholders Equity | 7.5B | 8.1B | 9.1B | 9.1B | 8.5B | 8.9B | |
Non Current Liabilities Total | 812.9M | 836.2M | 979.8M | 497.2M | 107.4M | 102.1M | |
Other Current Assets | 138.8M | 102.7M | 213.7M | 236.2M | 79.6M | 79.3M | |
Other Stockholder Equity | 3.1B | 3.4B | 2.7B | 2.6B | 2.4B | 1.5B | |
Total Liab | 1.9B | 1.8B | 3.5B | 3.6B | 3.2B | 3.4B | |
Property Plant And Equipment Gross | 361.9M | 2.8B | 382.0M | 376.4M | 735.5M | 469.6M | |
Total Current Assets | 4.1B | 3.9B | 5.1B | 4.6B | 4.1B | 2.3B | |
Accumulated Other Comprehensive Income | 148.7M | (113.4M) | 96.0M | (129.7M) | (159.3M) | (151.3M) | |
Short Term Debt | 96.2M | 126.7M | 11.0M | 484.8M | 470.1M | 493.6M | |
Intangible Assets | 702.7M | 602.2M | 682.1M | 728.3M | 649.8M | 334.6M | |
Common Stock | 11.6K | 14.9K | 15.6K | 16K | 12K | 13.3K | |
Property Plant Equipment | 2.5B | 2.8B | 382.0M | 376.4M | 432.9M | 857.1M | |
Other Liab | 982.7M | 799.9M | 115.8M | 165.4M | 190.2M | 300.1M | |
Short Term Investments | 3.2B | 1.8B | 2.6B | 2.7B | 2.2B | 1.4B | |
Inventory | 94.0M | 97.6M | 297.3M | 351.1M | 392.1M | 411.8M | |
Net Tangible Assets | 15.2B | 24.5B | 2.9B | 1.8B | 2.1B | 2.0B | |
Long Term Debt | 5.0B | 5.1B | 924.1M | 401.2M | 461.3M | 438.3M | |
Long Term Investments | 2.4B | 8.1B | 1.0B | 660.4M | 544.5M | 517.3M | |
Short Long Term Debt | 6.9M | 557.2M | 734.4M | 472.4M | 457.7M | 838.5M | |
Short Long Term Debt Total | 835.3M | 913.1M | 940.9M | 907.6M | 488.5M | 590.8M |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YY Inc Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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Is YY's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of YY. If investors know YY will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about YY listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 4.8 | Revenue Per Share 34.658 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0025 |
The market value of YY Inc Class is measured differently than its book value, which is the value of YY that is recorded on the company's balance sheet. Investors also form their own opinion of YY's value that differs from its market value or its book value, called intrinsic value, which is YY's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because YY's market value can be influenced by many factors that don't directly affect YY's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between YY's value and its price as these two are different measures arrived at by different means. Investors typically determine if YY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YY's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.