EROSMEDIA | | | 15.73 0.29 1.88% |
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 Tax Provision and its Total Revenue 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.
Tax Provision vs Total Revenue
Tax Provision vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eros International Media Tax Provision account and
Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Eros International's Tax Provision and Total Revenue is 0.37. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Revenue 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 Tax Provision and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Eros International Media are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Tax Provision i.e., Eros International's Tax Provision and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Total Revenue
Total revenue comprises all receipts Eros International Media generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 29, 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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.