Rajdarshan Net Income vs Change To Inventory Analysis

ARENTERP   47.43  0.74  1.58%   
Rajdarshan Industries financial indicator trend analysis is much more than just breaking down Rajdarshan Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rajdarshan Industries is a good investment. Please check the relationship between Rajdarshan Industries Net Income and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Rajdarshan Industries 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 Change To Inventory

Net Income vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rajdarshan Industries Net Income account and Change To Inventory. At this time, the significance of the direction appears to have very week relationship.
The correlation between Rajdarshan Industries' Net Income and Change To Inventory is 0.22. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Rajdarshan Industries Limited, assuming nothing else is changed. The correlation between historical values of Rajdarshan Industries' Net Income and Change To Inventory 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 Rajdarshan Industries Limited are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Income i.e., Rajdarshan Industries' Net Income and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Income

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

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Rajdarshan Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rajdarshan Industries 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 Rajdarshan Industries 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.
As of 11/25/2024, Tax Provision is likely to grow to about 1.9 M, while Selling General Administrative is likely to drop slightly above 178.4 K.
 2021 2022 2023 2024 (projected)
Interest Expense4.8M72.0K53.7K51.0K
Depreciation And Amortization110.1K87.2K81.1K77.1K

Rajdarshan Industries fundamental ratios Correlations

0.390.010.170.740.34-0.340.390.35-0.310.28-0.01-0.09-0.41-0.210.150.2-0.30.46-0.17-0.85-0.170.140.20.740.03
0.390.190.20.40.99-0.460.060.7-0.050.830.140.02-0.41-0.26-0.090.69-0.190.16-0.21-0.340.170.35-0.060.080.27
0.010.19-0.26-0.20.19-0.530.56-0.2-0.60.09-0.37-0.220.290.12-0.380.18-0.69-0.090.150.090.070.270.41-0.270.14
0.170.2-0.260.480.120.150.120.04-0.1-0.21-0.04-0.070.20.240.350.340.20.520.66-0.060.13-0.160.20.30.5
0.740.4-0.20.480.3-0.090.320.17-0.240.060.04-0.02-0.230.050.430.34-0.240.820.22-0.730.22-0.170.330.790.22
0.340.990.190.120.3-0.510.010.72-0.010.870.130.07-0.46-0.36-0.170.69-0.170.03-0.29-0.310.150.44-0.09-0.010.22
-0.34-0.46-0.530.15-0.09-0.51-0.38-0.270.45-0.380.44-0.30.210.570.47-0.290.450.260.140.33-0.08-0.73-0.410.22-0.17
0.390.060.560.120.320.01-0.38-0.4-0.99-0.21-0.4-0.520.520.3-0.06-0.1-0.720.430.34-0.370.07-0.20.60.420.28
0.350.7-0.20.040.170.72-0.27-0.40.420.780.280.4-0.58-0.380.00.310.39-0.09-0.47-0.220.010.45-0.42-0.040.08
-0.31-0.05-0.6-0.1-0.24-0.010.45-0.990.420.20.440.47-0.53-0.230.120.080.73-0.32-0.340.3-0.110.13-0.63-0.3-0.29
0.280.830.09-0.210.060.87-0.38-0.210.780.20.360.11-0.6-0.47-0.180.52-0.06-0.22-0.68-0.190.00.45-0.35-0.110.04
-0.010.14-0.37-0.040.040.130.44-0.40.280.440.36-0.11-0.190.040.210.20.320.06-0.450.03-0.04-0.16-0.770.11-0.2
-0.090.02-0.22-0.07-0.020.07-0.3-0.520.40.470.11-0.11-0.46-0.530.150.130.4-0.32-0.160.060.340.620.11-0.460.08
-0.41-0.410.290.2-0.23-0.460.210.52-0.58-0.53-0.6-0.19-0.460.70.03-0.48-0.160.220.620.40.08-0.560.17-0.040.24
-0.21-0.260.120.240.05-0.360.570.3-0.38-0.23-0.470.04-0.530.70.35-0.34-0.020.620.530.2-0.05-0.750.030.30.31
0.15-0.09-0.380.350.43-0.170.47-0.060.00.12-0.180.210.150.030.35-0.060.160.540.16-0.140.22-0.340.120.390.27
0.20.690.180.340.340.69-0.29-0.10.310.080.520.20.13-0.48-0.34-0.06-0.160.070.01-0.10.320.450.09-0.090.15
-0.3-0.19-0.690.2-0.24-0.170.45-0.720.390.73-0.060.320.4-0.16-0.020.16-0.16-0.2-0.070.290.020.05-0.57-0.23-0.14
0.460.16-0.090.520.820.030.260.43-0.09-0.32-0.220.06-0.320.220.620.540.07-0.20.48-0.460.14-0.570.280.790.36
-0.17-0.210.150.660.22-0.290.140.34-0.47-0.34-0.68-0.45-0.160.620.530.160.01-0.070.480.220.28-0.350.490.10.29
-0.85-0.340.09-0.06-0.73-0.310.33-0.37-0.220.3-0.190.030.060.40.2-0.14-0.10.29-0.460.220.16-0.12-0.19-0.73-0.03
-0.170.170.070.130.220.15-0.080.070.01-0.110.0-0.040.340.08-0.050.220.320.020.140.280.160.070.34-0.18-0.03
0.140.350.27-0.16-0.170.44-0.73-0.20.450.130.45-0.160.62-0.56-0.75-0.340.450.05-0.57-0.35-0.120.070.08-0.51-0.03
0.2-0.060.410.20.33-0.09-0.410.6-0.42-0.63-0.35-0.770.110.170.030.120.09-0.570.280.49-0.190.340.080.110.39
0.740.08-0.270.30.79-0.010.220.42-0.04-0.3-0.110.11-0.46-0.040.30.39-0.09-0.230.790.1-0.73-0.18-0.510.110.02
0.030.270.140.50.220.22-0.170.280.08-0.290.04-0.20.080.240.310.270.15-0.140.360.29-0.03-0.03-0.030.390.02
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Rajdarshan Industries Account Relationship Matchups

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