Agarwal Non Current Assets Total vs Property Plant And Equipment Net 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 Non Current Assets Total and its Property Plant And Equipment Net 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.
Non Current Assets Total vs Property Plant And Equipment Net
Non Current Assets Total vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agarwal Industrial Non Current Assets Total account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have totally related.
The correlation between Agarwal Industrial's Non Current Assets Total and Property Plant And Equipment Net is 1.0. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant And Equipment Net 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 Non Current Assets Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Agarwal Industrial are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Assets Total i.e., Agarwal Industrial's Non Current Assets Total and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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.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 Profit | 1.4B | 3.5B | 2.1B | 2.2B | Total Revenue | 16.0B | 20.2B | 21.3B | 22.3B |
Agarwal Industrial fundamental ratios Correlations
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Agarwal Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 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.