| EROSMEDIA | | | 14.38 0.39 2.64% |
Eros International financial indicator trend analysis is much more than just examining Eros International Media latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eros International Media is a good investment. Please check the relationship between Eros International Net Receivables and its Accounts Payable accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eros International Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Net Receivables vs Accounts Payable
Net Receivables vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eros International Media Net Receivables account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eros International's Net Receivables and Accounts Payable is 0.67. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Eros International Media, assuming nothing else is changed. The correlation between historical values of Eros International's Net Receivables and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Eros International Media are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., Eros International's Net Receivables and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Receivables
Accounts Payable
An accounting item on the balance sheet that represents Eros International obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Eros International Media are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Eros International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eros International Media 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 Eros International Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 60
M. In addition to that,
Tax Provision is expected to decline to about 855
KEros International fundamental ratios Correlations
Click cells to compare fundamentals
Eros International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eros International fundamental ratios Accounts
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Other Information on Investing in Eros Stock
Balance Sheet is a snapshot of the
financial position of Eros International Media at a specified time, usually calculated after every quarter, six months, or one year. Eros International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eros 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 Eros currently owns. An asset can also be divided into two categories, current and non-current.