CENTUM Stock | | | 1,511 15.75 1.05% |
Centum Electronics financial indicator trend analysis is way more than just evaluating Centum Electronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centum Electronics is a good investment. Please check the relationship between Centum Electronics Total Current Assets and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Centum Electronics 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 employment.
Total Current Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Centum Electronics Total Current Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have totally related.
The correlation between Centum Electronics' Total Current Assets and Total Current Liabilities is 0.99. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Centum Electronics Limited, assuming nothing else is changed. The correlation between historical values of Centum Electronics' Total Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Centum Electronics Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Current Assets i.e., Centum Electronics' Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Current Liabilities
Total Current Liabilities is an item on Centum Electronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Centum Electronics Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Centum Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centum Electronics 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 Centum Electronics 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 employment.
The current year's
Selling General Administrative is expected to grow to about 194.8
M, whereas
Tax Provision is forecasted to decline to about 62.8
M.
Centum Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Centum Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Centum Electronics fundamental ratios Accounts
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Other Information on Investing in Centum Stock
Balance Sheet is a snapshot of the
financial position of Centum Electronics at a specified time, usually calculated after every quarter, six months, or one year. Centum Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Centum Electronics 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 Centum currently owns. An asset can also be divided into two categories, current and non-current.