ARVIND Stock | | | 352.15 6.95 2.01% |
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 Income Tax Expense and its Operating Income 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.
Income Tax Expense vs Operating Income
Income Tax Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Arvind Limited Income Tax Expense account and
Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Arvind's Income Tax Expense and Operating Income is 0.53. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income 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 Income Tax Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Arvind Limited are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., Arvind's Income Tax Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Income Tax Expense
Operating Income
Operating Income is the amount of profit realized from Arvind Limited operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Arvind Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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)
Arvind fundamental ratios Correlations
Click cells to compare fundamentals
Arvind Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arvind fundamental ratios Accounts
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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.