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 Total Revenue and its Gross Profit 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.
Total Revenue vs Gross Profit
Total Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
3M India Limited Total Revenue account and
Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 3M India's Total Revenue and Gross Profit is 0.98. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Gross Profit 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 Total Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of 3M India Limited are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Revenue i.e., 3M India's Total Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts 3M India Limited generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of 3M India Limited minus its cost of goods sold. It is profit before 3M India operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.