Ajanta Net Income vs Capital Expenditures Analysis

AJANTPHARM

3,027 30.05 1.00%

Ajanta Pharma financial indicator trend analysis is way more than just evaluating Ajanta Pharma Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ajanta Pharma Limited is a good investment. Please check the relationship between Ajanta Pharma Net Income and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ajanta Pharma 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 estimate.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ajanta Pharma Limited Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have weak relationship.

The correlation between Ajanta Pharma's Net Income and Capital Expenditures is 0.39. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Ajanta Pharma Limited, assuming nothing else is changed. The correlation between historical values of Ajanta Pharma's Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Ajanta Pharma Limited are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Ajanta Pharma's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Ajanta Pharma Limited financial statement analysis. It represents the amount of money remaining after all of Ajanta Pharma Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Ajanta Pharma Limited to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Ajanta Pharma operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Ajanta Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ajanta Pharma 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 Ajanta Pharma 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 estimate.

The Ajanta Pharma's current Selling General Administrative is estimated to increase to about 9.5 B, while Tax Provision is projected to decrease to under 2 B.

	2021	2022	2023	2024 (projected)
Interest Expense	102M	58.4M	72.1M	83.5M
Depreciation And Amortization	1.2B	1.3B	1.4B	1.4B

Interest Expense Depreciation And Amortization

Ajanta Pharma fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Retained Earnings	Net Receivables	Intangible Assets	Accounts Payable	Short Term Debt	Other Liab	Net Tangible Assets
Total Assets		-0.65	0.7	0.94	1.0	0.97	-0.85	0.73	0.98	0.27	0.88	-0.58	0.61	0.98	0.29	-0.29	0.94	0.99	0.72	0.97	0.92	0.14	0.91	-0.65	0.97	0.93
Short Long Term Debt Total	-0.65		-0.37	-0.47	-0.7	-0.7	0.69	-0.39	-0.7	-0.3	-0.57	0.25	-0.12	-0.59	-0.02	-0.03	-0.44	-0.6	-0.46	-0.59	-0.58	-0.07	-0.53	0.9	-0.55	-0.68
Other Current Liab	0.7	-0.37		0.84	0.64	0.57	-0.64	0.61	0.59	0.12	0.82	-0.45	0.67	0.74	-0.12	-0.06	0.84	0.76	0.6	0.75	0.63	0.19	0.66	-0.49	0.7	0.6
Total Current Liabilities	0.94	-0.47	0.84		0.9	0.86	-0.82	0.78	0.88	0.22	0.93	-0.59	0.7	0.94	0.2	-0.25	1.0	0.97	0.75	0.94	0.86	0.15	0.88	-0.53	0.92	0.83
Total Stockholder Equity	1.0	-0.7	0.64	0.9		0.99	-0.85	0.71	0.99	0.28	0.85	-0.55	0.57	0.97	0.32	-0.29	0.9	0.97	0.71	0.96	0.91	0.12	0.89	-0.67	0.96	0.94
Property Plant And Equipment Net	0.97	-0.7	0.57	0.86	0.99		-0.85	0.72	1.0	0.24	0.8	-0.48	0.52	0.93	0.43	-0.38	0.85	0.93	0.68	0.91	0.9	0.09	0.88	-0.63	0.92	0.94
Net Debt	-0.85	0.69	-0.64	-0.82	-0.85	-0.85		-0.93	-0.85	-0.07	-0.89	0.24	-0.5	-0.81	-0.21	0.18	-0.79	-0.84	-0.72	-0.77	-0.84	0.05	-0.81	0.68	-0.77	-0.86
Cash	0.73	-0.39	0.61	0.78	0.71	0.72	-0.93		0.71	-0.08	0.83	-0.09	0.57	0.71	0.26	-0.23	0.76	0.73	0.69	0.66	0.79	-0.1	0.77	-0.42	0.67	0.76
Non Current Assets Total	0.98	-0.7	0.59	0.88	0.99	1.0	-0.85	0.71		0.26	0.81	-0.5	0.53	0.94	0.41	-0.37	0.86	0.94	0.68	0.92	0.9	0.1	0.89	-0.64	0.94	0.94
Non Currrent Assets Other	0.27	-0.3	0.12	0.22	0.28	0.24	-0.07	-0.08	0.26		0.16	-0.36	0.1	0.25	-0.23	0.14	0.23	0.28	0.16	0.29	0.22	0.03	0.23	-0.35	0.29	0.19
Cash And Short Term Investments	0.88	-0.57	0.82	0.93	0.85	0.8	-0.89	0.83	0.81	0.16		-0.46	0.55	0.84	0.06	-0.07	0.91	0.9	0.82	0.85	0.81	-0.01	0.81	-0.64	0.8	0.79
Common Stock Shares Outstanding	-0.58	0.25	-0.45	-0.59	-0.55	-0.48	0.24	-0.09	-0.5	-0.36	-0.46		-0.21	-0.58	-0.01	0.13	-0.61	-0.62	-0.19	-0.66	-0.29	-0.13	-0.31	0.34	-0.62	-0.26
Non Current Liabilities Total	0.61	-0.12	0.67	0.7	0.57	0.52	-0.5	0.57	0.53	0.1	0.55	-0.21		0.71	0.03	-0.29	0.74	0.66	0.39	0.7	0.71	0.57	0.79	-0.32	0.74	0.67
Inventory	0.98	-0.59	0.74	0.94	0.97	0.93	-0.81	0.71	0.94	0.25	0.84	-0.58	0.71		0.21	-0.25	0.94	0.98	0.65	0.98	0.9	0.22	0.91	-0.64	0.98	0.91
Other Current Assets	0.29	-0.02	-0.12	0.2	0.32	0.43	-0.21	0.26	0.41	-0.23	0.06	-0.01	0.03	0.21		-0.8	0.18	0.21	0.17	0.19	0.32	0.08	0.33	0.28	0.26	0.34
Other Stockholder Equity	-0.29	-0.03	-0.06	-0.25	-0.29	-0.38	0.18	-0.23	-0.37	0.14	-0.07	0.13	-0.29	-0.25	-0.8		-0.27	-0.23	-0.08	-0.28	-0.29	-0.27	-0.35	-0.17	-0.36	-0.3
Total Liab	0.94	-0.44	0.84	1.0	0.9	0.85	-0.79	0.76	0.86	0.23	0.91	-0.61	0.74	0.94	0.18	-0.27		0.96	0.72	0.95	0.86	0.2	0.88	-0.52	0.93	0.82
Total Current Assets	0.99	-0.6	0.76	0.97	0.97	0.93	-0.84	0.73	0.94	0.28	0.9	-0.62	0.66	0.98	0.21	-0.23	0.96		0.74	0.99	0.91	0.16	0.9	-0.64	0.97	0.9
Common Stock	0.72	-0.46	0.6	0.75	0.71	0.68	-0.72	0.69	0.68	0.16	0.82	-0.19	0.39	0.65	0.17	-0.08	0.72	0.74		0.67	0.8	-0.18	0.72	-0.43	0.6	0.74
Retained Earnings	0.97	-0.59	0.75	0.94	0.96	0.91	-0.77	0.66	0.92	0.29	0.85	-0.66	0.7	0.98	0.19	-0.28	0.95	0.99	0.67		0.89	0.26	0.89	-0.65	0.99	0.88
Net Receivables	0.92	-0.58	0.63	0.86	0.91	0.9	-0.84	0.79	0.9	0.22	0.81	-0.29	0.71	0.9	0.32	-0.29	0.86	0.91	0.8	0.89		0.2	0.96	-0.58	0.89	0.97
Intangible Assets	0.14	-0.07	0.19	0.15	0.12	0.09	0.05	-0.1	0.1	0.03	-0.01	-0.13	0.57	0.22	0.08	-0.27	0.2	0.16	-0.18	0.26	0.2		0.35	-0.15	0.31	0.22
Accounts Payable	0.91	-0.53	0.66	0.88	0.89	0.88	-0.81	0.77	0.89	0.23	0.81	-0.31	0.79	0.91	0.33	-0.35	0.88	0.9	0.72	0.89	0.96	0.35		-0.54	0.91	0.95
Short Term Debt	-0.65	0.9	-0.49	-0.53	-0.67	-0.63	0.68	-0.42	-0.64	-0.35	-0.64	0.34	-0.32	-0.64	0.28	-0.17	-0.52	-0.64	-0.43	-0.65	-0.58	-0.15	-0.54		-0.61	-0.65
Other Liab	0.97	-0.55	0.7	0.92	0.96	0.92	-0.77	0.67	0.94	0.29	0.8	-0.62	0.74	0.98	0.26	-0.36	0.93	0.97	0.6	0.99	0.89	0.31	0.91	-0.61		0.89
Net Tangible Assets	0.93	-0.68	0.6	0.83	0.94	0.94	-0.86	0.76	0.94	0.19	0.79	-0.26	0.67	0.91	0.34	-0.3	0.82	0.9	0.74	0.88	0.97	0.22	0.95	-0.65	0.89

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Ajanta Pharma Account Relationship Matchups

Ajanta Pharma fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.2B	37.8B	40.6B	46.8B	46.4B	48.7B
Short Long Term Debt Total	749.6M	313.6M	250.3M	356.3M	352.8M	335.2M
Other Current Liab	3.3M	1.9B	2.5B	6.6B	3.4B	3.5B
Total Current Liabilities	6.1B	6.5B	6.5B	11.4B	9.0B	9.4B
Total Stockholder Equity	26.0B	30.0B	32.6B	33.9B	35.7B	37.5B
Property Plant And Equipment Net	15.8B	16.3B	16.5B	17.0B	17.2B	18.1B
Net Debt	(1.3B)	(1.5B)	(1.8B)	(2.9B)	(942.1M)	(895.0M)
Cash	2.0B	1.8B	2.1B	3.3B	1.3B	910.1M
Non Current Assets Total	16.8B	17.5B	17.9B	18.5B	19.1B	20.0B
Non Currrent Assets Other	410.4M	566.8M	497.1M	133.4M	1.5B	1.6B
Cash And Short Term Investments	2.7B	3.8B	3.3B	8.4B	4.6B	4.8B
Common Stock Shares Outstanding	130.9M	130.6M	129.7M	128.1M	126.0M	104.9M
Liabilities And Stockholders Equity	33.2B	37.8B	40.6B	46.8B	46.4B	48.7B
Non Current Liabilities Total	1.1B	1.3B	1.4B	1.5B	1.8B	973.4M
Inventory	5.0B	7.7B	7.9B	8.2B	8.3B	8.7B
Other Current Assets	8.8B	1.4B	1.3B	1.2B	2.0B	1.8B
Other Stockholder Equity	(25.9B)	8.2B	5.3B	2.2B	(2.1B)	(2.0B)
Total Liab	7.2B	7.8B	7.9B	12.9B	10.7B	11.2B
Total Current Assets	16.4B	20.3B	22.6B	28.3B	27.3B	28.7B
Accumulated Other Comprehensive Income	(4.9B)	8.2B	5.3B	2.2B	2.3B	2.4B
Retained Earnings	16.2B	21.6B	27.2B	31.4B	35.3B	37.0B
Net Receivables	8.3B	7.4B	10.2B	10.6B	12.5B	6.5B
Intangible Assets	117.1M	107.9M	90.2M	77.5M	146.6M	95.3M
Accounts Payable	3.6B	3.7B	3.3B	4.2B	4.6B	2.8B
Short Term Debt	622.5M	115.9M	64.6M	94.3M	117.6M	111.7M
Other Liab	726.7M	1.0B	1.1B	1.3B	1.4B	1.5B
Net Tangible Assets	22.4B	25.9B	29.8B	32.6B	37.4B	21.1B
Other Assets	664.4M	1.1B	1.1B	1.1B	1.3B	797.3M
Long Term Debt	6.6M	7.4M	16M	16.4M	12.5M	0.0
Short Term Investments	671.4M	2.0B	1.2B	5.1B	3.3B	1.8B
Short Long Term Debt	449.4M	900K	2.7M	1.8M	14.9M	14.2M
Property Plant Equipment	15.8B	16.3B	16.5B	17.0B	19.5B	12.7B
Current Deferred Revenue	1.8B	2.3B	2.5B	6.8B	393.2M	373.5M
Long Term Debt Total	127.1M	197.7M	185.7M	262M	301.3M	316.4M
Net Invested Capital	26.4B	30.0B	32.7B	33.9B	35.7B	31.7B
Net Working Capital	10.4B	13.8B	16.2B	16.9B	18.4B	14.5B

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Other Information on Investing in Ajanta Stock

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

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Ajanta Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Ajanta Pharma fundamental ratios Correlations

Ajanta Pharma Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ajanta Pharma fundamental ratios Accounts

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Other Information on Investing in Ajanta Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Cash	- 0.93	Net Debt
Cash And Short Term Investments	- 0.89	Net Debt
Net Tangible Assets	- 0.86	Net Debt
Non Current Assets Total	- 0.85	Net Debt
Net Debt	- 0.85	Property Plant And Equipment Net
Net Debt	- 0.85	Total Stockholder Equity