ABSLAMC Stock | | | 865.20 9.75 1.11% |
Aditya Birla financial indicator trend analysis is way more than just evaluating Aditya Birla Sun prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aditya Birla Sun is a good investment. Please check the relationship between Aditya Birla Gross Profit and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aditya Birla Sun. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Gross Profit vs Depreciation And Amortization
Gross Profit vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aditya Birla Sun Gross Profit account and
Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Aditya Birla's Gross Profit and Depreciation And Amortization is 0.45. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Aditya Birla Sun, assuming nothing else is changed. The correlation between historical values of Aditya Birla's Gross Profit and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Aditya Birla Sun are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Gross Profit i.e., Aditya Birla's Gross Profit and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Aditya Birla Sun minus its cost of goods sold. It is profit before Aditya Birla 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.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Aditya Birla's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aditya Birla Sun 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 Aditya Birla Sun. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 62.2
M. In addition to that,
Tax Provision is expected to decline to about 2.2
B | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 10.9B | 9.3B | 12.7B | 8.9B | Total Revenue | 12.9B | 12.3B | 16.4B | 11.3B |
Aditya Birla fundamental ratios Correlations
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Aditya Birla Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aditya Birla fundamental ratios Accounts
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Other Information on Investing in Aditya Stock
Balance Sheet is a snapshot of the
financial position of Aditya Birla Sun at a specified time, usually calculated after every quarter, six months, or one year. Aditya Birla Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aditya Birla 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 Aditya currently owns. An asset can also be divided into two categories, current and non-current.