BAJAJHIND | | | 33.54 0.45 1.36% |
Bajaj Hindusthan financial indicator trend analysis is way more than just evaluating Bajaj Hindusthan Sugar prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bajaj Hindusthan Sugar is a good investment. Please check the relationship between Bajaj Hindusthan Interest Income and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bajaj Hindusthan Sugar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Interest Income vs Gross Profit
Interest Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bajaj Hindusthan Sugar Interest Income account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Bajaj Hindusthan's Interest Income and Gross Profit is -0.32. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Bajaj Hindusthan Sugar, assuming nothing else is changed. The correlation between historical values of Bajaj Hindusthan's Interest Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Bajaj Hindusthan Sugar are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Interest Income i.e., Bajaj Hindusthan's Interest Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Bajaj Hindusthan Sugar minus its cost of goods sold. It is profit before Bajaj Hindusthan 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.
Most indicators from Bajaj Hindusthan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bajaj Hindusthan Sugar 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 Bajaj Hindusthan Sugar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
The Bajaj Hindusthan's current
Selling General Administrative is estimated to increase to about 192.2
M, while
Tax Provision is forecasted to increase to (77.2
M).
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 9.1B | 11.6B | 10.7B | 7.8B | Total Revenue | 55.0B | 63.4B | 61.0B | 45.7B |
Bajaj Hindusthan fundamental ratios Correlations
Click cells to compare fundamentals
Bajaj Hindusthan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bajaj Hindusthan fundamental ratios Accounts
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Other Information on Investing in Bajaj Stock
Balance Sheet is a snapshot of the
financial position of Bajaj Hindusthan Sugar at a specified time, usually calculated after every quarter, six months, or one year. Bajaj Hindusthan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bajaj Hindusthan 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 Bajaj currently owns. An asset can also be divided into two categories, current and non-current.