3MINDIA Stock | | | 31,743 4.45 0.01% |
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 Property Plant And Equipment Net and its Net Receivables 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.
Property Plant And Equipment Net vs Net Receivables
Property Plant And Equipment Net vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
3M India Limited Property Plant And Equipment Net account and
Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between 3M India's Property Plant And Equipment Net and Net Receivables is 0.25. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Receivables 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 Property Plant And Equipment Net and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of 3M India Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant And Equipment Net i.e., 3M India's Property Plant And Equipment Net and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Net Receivables
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 28, 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.