3MINDIA Stock | | | 30,686 618.95 1.98% |
3M India financial indicator trend analysis is way more than just evaluating 3M India Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M India Limited is a good investment. Please check the relationship between 3M India Other Operating Expenses and its Interest Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 3M India Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Other Operating Expenses vs Interest Income
Other Operating Expenses vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
3M India Limited Other Operating Expenses account and
Interest Income. At this time, the significance of the direction appears to have no relationship.
The correlation between 3M India's Other Operating Expenses and Interest Income is 0.09. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Interest Income in the same time period over historical financial statements of 3M India Limited, assuming nothing else is changed. The correlation between historical values of 3M India's Other Operating Expenses and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of 3M India Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Other Operating Expenses i.e., 3M India's Other Operating Expenses and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of 3M India Limited. It is also known as 3M India overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from 3M India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M India Limited 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 3M India Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
As of November 24, 2024,
Selling General Administrative is expected to decline to about 221.8
M. In addition to that,
Tax Provision is expected to decline to about 1.5
B3M India fundamental ratios Correlations
Click cells to compare fundamentals
3M India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3M India fundamental ratios Accounts
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Other Information on Investing in 3MINDIA Stock
Balance Sheet is a snapshot of the
financial position of 3M India Limited at a specified time, usually calculated after every quarter, six months, or one year. 3M India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 3M India 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 3MINDIA currently owns. An asset can also be divided into two categories, current and non-current.