Agarwal Common Stock Shares Outstanding vs Other Current Assets Analysis

AGARIND Stock   1,172  89.15  8.24%   
Agarwal Industrial financial indicator trend analysis is way more than just evaluating Agarwal Industrial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agarwal Industrial is a good investment. Please check the relationship between Agarwal Industrial Common Stock Shares Outstanding and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agarwal Industrial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Common Stock Shares Outstanding vs Other Current Assets

Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agarwal Industrial Common Stock Shares Outstanding account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Agarwal Industrial's Common Stock Shares Outstanding and Other Current Assets is 0.61. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Agarwal Industrial, assuming nothing else is changed. The correlation between historical values of Agarwal Industrial's Common Stock Shares Outstanding and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Agarwal Industrial are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Agarwal Industrial's Common Stock Shares Outstanding and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Agarwal Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agarwal Industrial 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 Agarwal Industrial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
The current year's Selling General Administrative is expected to grow to about 216.1 M, whereas Tax Provision is forecasted to decline to about 100.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B3.5B2.1B2.2B
Total Revenue16.0B20.2B21.3B22.3B

Agarwal Industrial fundamental ratios Correlations

0.720.660.20.70.770.640.650.730.640.64-0.130.690.820.570.760.610.860.670.790.960.640.660.720.770.92
0.720.980.321.00.990.990.971.00.880.990.030.980.960.970.980.140.891.00.990.760.970.940.930.770.66
0.660.980.310.990.960.981.00.970.870.980.050.970.950.970.940.020.840.990.970.710.930.940.960.690.64
0.20.320.310.320.330.30.30.320.320.3-0.070.320.260.280.36-0.120.470.310.340.380.290.30.210.220.28
0.71.00.990.320.990.990.980.990.860.99-0.010.970.970.960.970.110.881.00.990.740.970.930.940.740.65
0.770.990.960.330.990.970.951.00.880.980.010.980.970.940.990.230.930.981.00.80.960.930.920.80.7
0.640.990.980.30.990.970.970.990.871.00.060.980.930.990.970.040.831.00.960.690.990.930.90.750.56
0.650.971.00.30.980.950.970.960.830.970.020.950.950.960.930.00.820.980.960.690.930.910.960.660.64
0.731.00.970.320.991.00.990.960.890.990.040.980.960.960.990.170.890.990.990.760.980.940.910.790.65
0.640.880.870.320.860.880.870.830.890.870.160.950.820.860.870.140.810.870.870.680.810.950.820.820.54
0.640.990.980.30.990.981.00.970.990.870.060.980.930.990.970.050.831.00.960.690.990.930.90.760.57
-0.130.030.05-0.07-0.010.010.060.020.040.160.060.11-0.090.160.07-0.32-0.070.04-0.01-0.10.020.11-0.060.13-0.32
0.690.980.970.320.970.980.980.950.980.950.980.110.930.970.960.10.870.980.970.730.940.970.910.80.61
0.820.960.950.260.970.970.930.950.960.820.93-0.090.930.880.950.280.920.950.990.830.90.890.960.710.8
0.570.970.970.280.960.940.990.960.960.860.990.160.970.880.94-0.080.760.980.930.620.960.910.880.710.49
0.760.980.940.360.970.990.970.930.990.870.970.070.960.950.940.240.920.970.980.790.970.90.870.80.67
0.610.140.02-0.120.110.230.040.00.170.140.05-0.320.10.28-0.080.240.460.050.240.490.10.140.120.370.58
0.860.890.840.470.880.930.830.820.890.810.83-0.070.870.920.760.920.460.850.940.90.820.850.830.770.83
0.671.00.990.311.00.981.00.980.990.871.00.040.980.950.980.970.050.850.970.710.980.930.930.740.61
0.790.990.970.340.991.00.960.960.990.870.96-0.010.970.990.930.980.240.940.970.820.940.930.940.770.75
0.960.760.710.380.740.80.690.690.760.680.69-0.10.730.830.620.790.490.90.710.820.680.710.730.820.89
0.640.970.930.290.970.960.990.930.980.810.990.020.940.90.960.970.10.820.980.940.680.870.840.760.54
0.660.940.940.30.930.930.930.910.940.950.930.110.970.890.910.90.140.850.930.930.710.870.910.810.6
0.720.930.960.210.940.920.90.960.910.820.9-0.060.910.960.880.870.120.830.930.940.730.840.910.630.74
0.770.770.690.220.740.80.750.660.790.820.760.130.80.710.710.80.370.770.740.770.820.760.810.630.54
0.920.660.640.280.650.70.560.640.650.540.57-0.320.610.80.490.670.580.830.610.750.890.540.60.740.54
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Agarwal Industrial Account Relationship Matchups

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Other Information on Investing in Agarwal Stock

Balance Sheet is a snapshot of the financial position of Agarwal Industrial at a specified time, usually calculated after every quarter, six months, or one year. Agarwal Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Agarwal Industrial 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 Agarwal currently owns. An asset can also be divided into two categories, current and non-current.