ARVIND Stock | | | 363.90 11.75 3.34% |
Arvind financial indicator trend analysis is way more than just evaluating Arvind Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arvind Limited is a good investment. Please check the relationship between Arvind 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 Arvind 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 board of governors.
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
Arvind Limited Gross Profit account and
Depreciation And Amortization. At this time, the significance of the direction appears to have weak relationship.
The correlation between Arvind's Gross Profit and Depreciation And Amortization is 0.38. 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 Arvind Limited, assuming nothing else is changed. The correlation between historical values of Arvind'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 Arvind Limited 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., Arvind's Gross Profit and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Arvind Limited minus its cost of goods sold. It is profit before Arvind 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 Arvind's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arvind 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 Arvind 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 board of governors.
As of November 22, 2024,
Selling General Administrative is expected to decline to about 518.5
M. The current year's
Discontinued Operations is expected to grow to about (225.3
M)
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 28.8B | 39.1B | 24.4B | 27.4B | Total Revenue | 76.0B | 83.8B | 74.7B | 60.1B |
Arvind fundamental ratios Correlations
Click cells to compare fundamentals
Arvind Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arvind fundamental ratios Accounts
Also Currently Popular
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 Arvind Stock
Balance Sheet is a snapshot of the
financial position of Arvind Limited at a specified time, usually calculated after every quarter, six months, or one year. Arvind Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Arvind 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 Arvind currently owns. An asset can also be divided into two categories, current and non-current.