DEVYANI Stock | | | 165.23 0.41 0.25% |
Devyani International financial indicator trend analysis is much more than just examining Devyani International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devyani International is a good investment. Please check the relationship between Devyani International Short Term Debt and its Good Will accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devyani International 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 nation.
Short Term Debt vs Good Will
Short Term Debt vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Devyani International Short Term Debt account and
Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between Devyani International's Short Term Debt and Good Will is 0.74. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Devyani International Limited, assuming nothing else is changed. The correlation between historical values of Devyani International's Short Term Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Devyani International Limited are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Short Term Debt i.e., Devyani International's Short Term Debt and Good Will go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Debt
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Devyani International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devyani International 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devyani International 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 nation.
As of now, Devyani International's
Discontinued Operations is increasing as compared to previous years. The Devyani International's current
Tax Provision is estimated to increase to about 139.9
M, while
Selling General Administrative is projected to decrease to under 285.3
M.
Devyani International fundamental ratios Correlations
Click cells to compare fundamentals
Devyani International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Devyani International fundamental ratios Accounts
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Other Information on Investing in Devyani Stock
Balance Sheet is a snapshot of the
financial position of Devyani International at a specified time, usually calculated after every quarter, six months, or one year. Devyani International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Devyani International 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 Devyani currently owns. An asset can also be divided into two categories, current and non-current.