Godrej Depreciation vs Issuance Of Capital Stock Analysis

GODREJAGRO   750.55  1.00  0.13%   
Godrej Agrovet financial indicator trend analysis is much more than just examining Godrej Agrovet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Godrej Agrovet is a good investment. Please check the relationship between Godrej Agrovet Depreciation and its Issuance Of Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godrej Agrovet 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 income.

Depreciation vs Issuance Of Capital Stock

Depreciation vs Issuance Of Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Godrej Agrovet Depreciation account and Issuance Of Capital Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Godrej Agrovet's Depreciation and Issuance Of Capital Stock is -0.84. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Issuance Of Capital Stock in the same time period over historical financial statements of Godrej Agrovet Limited, assuming nothing else is changed. The correlation between historical values of Godrej Agrovet's Depreciation and Issuance Of Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Godrej Agrovet Limited are associated (or correlated) with its Issuance Of Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Issuance Of Capital Stock has no effect on the direction of Depreciation i.e., Godrej Agrovet's Depreciation and Issuance Of Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.84
Relationship DirectionNegative 
Relationship StrengthSignificant

Depreciation

Depreciation indicates how much of Godrej Agrovet value has been used up. For tax purposes Godrej Agrovet can deduct the cost of the tangible assets it purchases as business expenses. However, Godrej Agrovet Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Issuance Of Capital Stock

Most indicators from Godrej Agrovet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Godrej Agrovet 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godrej Agrovet 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 income.
As of December 1, 2024, Selling General Administrative is expected to decline to about 72.3 M. In addition to that, Tax Provision is expected to decline to about 1.1 B
 2021 2022 2023 2024 (projected)
Interest Expense618.6M991.2M1.1B577.8M
Depreciation And Amortization1.7B1.9B2.1B1.2B

Godrej Agrovet fundamental ratios Correlations

0.680.750.970.980.990.760.680.970.710.030.990.70.190.770.860.120.20.810.980.79-0.090.990.990.660.95
0.680.770.710.640.650.351.00.710.020.010.660.740.380.320.560.180.470.60.750.790.010.720.70.980.7
0.750.770.660.790.750.480.760.830.19-0.010.740.650.080.340.560.490.070.720.80.970.160.70.740.690.71
0.970.710.660.910.940.80.710.90.710.010.950.650.240.830.850.110.290.70.940.73-0.140.990.980.730.93
0.980.640.790.910.990.730.640.990.670.020.980.70.130.690.820.130.130.840.970.83-0.070.940.960.590.92
0.990.650.750.940.990.710.650.980.70.051.00.730.20.720.860.120.20.870.970.78-0.080.970.960.610.96
0.760.350.480.80.730.710.350.660.760.010.710.210.090.90.690.080.090.330.70.52-0.060.760.820.420.62
0.681.00.760.710.640.650.350.710.02-0.050.660.750.340.320.540.180.480.590.750.790.020.720.70.980.7
0.970.710.830.90.990.980.660.710.590.040.970.750.160.620.80.140.160.860.980.86-0.070.930.950.650.93
0.710.020.190.710.670.70.760.020.590.040.70.22-0.010.850.67-0.01-0.060.440.60.26-0.250.70.70.060.65
0.030.01-0.010.010.020.050.01-0.050.040.040.03-0.190.660.020.29-0.09-0.210.24-0.01-0.05-0.130.040.02-0.05-0.02
0.990.660.740.950.981.00.710.660.970.70.030.740.20.720.850.110.210.860.970.78-0.080.970.960.620.97
0.70.740.650.650.70.730.210.750.750.22-0.190.740.280.180.530.170.560.730.760.70.040.690.630.680.79
0.190.380.080.240.130.20.090.340.16-0.010.660.20.280.090.48-0.020.590.290.150.06-0.140.250.170.360.19
0.770.320.340.830.690.720.90.320.620.850.020.720.180.090.730.080.090.370.660.39-0.30.790.820.40.66
0.860.560.560.850.820.860.690.540.80.670.290.850.530.480.730.120.290.740.810.59-0.060.870.850.540.75
0.120.180.490.110.130.120.080.180.14-0.01-0.090.110.17-0.020.080.12-0.030.140.120.470.020.120.130.160.12
0.20.470.070.290.130.20.090.480.16-0.06-0.210.210.560.590.090.29-0.030.10.20.09-0.060.270.180.520.26
0.810.60.720.70.840.870.330.590.860.440.240.860.730.290.370.740.140.10.810.690.060.770.730.470.84
0.980.750.80.940.970.970.70.750.980.6-0.010.970.760.150.660.810.120.20.810.86-0.010.960.970.720.94
0.790.790.970.730.830.780.520.790.860.26-0.050.780.70.060.390.590.470.090.690.860.10.750.790.730.75
-0.090.010.16-0.14-0.07-0.08-0.060.02-0.07-0.25-0.13-0.080.04-0.14-0.3-0.060.02-0.060.06-0.010.1-0.12-0.11-0.01-0.07
0.990.720.70.990.940.970.760.720.930.70.040.970.690.250.790.870.120.270.770.960.75-0.120.980.720.95
0.990.70.740.980.960.960.820.70.950.70.020.960.630.170.820.850.130.180.730.970.79-0.110.980.70.92
0.660.980.690.730.590.610.420.980.650.06-0.050.620.680.360.40.540.160.520.470.720.73-0.010.720.70.67
0.950.70.710.930.920.960.620.70.930.65-0.020.970.790.190.660.750.120.260.840.940.75-0.070.950.920.67
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Godrej Agrovet Account Relationship Matchups

Godrej Agrovet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets47.0B48.0B55.8B54.9B57.0B41.2B
Short Long Term Debt Total6.6B10.2B16.0B14.3B14.2B9.9B
Other Current Liab133.3M3.1B3.5B3.1B3.5B3.6B
Total Current Liabilities22.1B19.7B26.4B23.8B21.9B19.3B
Total Stockholder Equity18.4B20.5B22.7B23.4B25.2B16.0B
Property Plant And Equipment Net19.8B20.9B21.4B23.9B26.5B17.0B
Current Deferred Revenue3.1B3.6B3.9B2.9B1.4B2.7B
Net Debt6.1B9.7B15.7B14.1B13.7B9.4B
Retained Earnings13.1B15.2B17.6B18.8B20.5B11.8B
Accounts Payable12.9B7.5B6.9B7.0B6.3B7.4B
Cash487.5M486.3M313.6M267.2M497.6M330.8M
Non Current Assets Total25.7B26.6B27.9B31.8B34.2B22.7B
Non Currrent Assets Other1.0B963.4M1.2B2.4B2.1B1.3B
Cash And Short Term Investments654.6M681.4M343.2M954.3M578.5M504.7M
Net Receivables10.8B8.9B9.5B5.7B5.2B7.3B
Common Stock Shares Outstanding192.1M192.1M192.2M192.2M192.3M210.3M
Short Term Investments167.1M195.1M29.6M687.1M80.9M76.9M
Liabilities And Stockholders Equity47.0B48.0B55.8B54.9B57.0B41.2B
Non Current Liabilities Total2.7B3.7B2.6B3.6B5.9B3.0B
Inventory9.4B10.4B15.1B14.4B14.6B9.6B
Other Current Assets417.3M1.6B3.0B2.6B2.5B2.6B
Other Stockholder Equity(15.2B)4.3B1.9B1.0B2.8B2.9B
Total Liab24.8B23.4B29.0B27.4B27.8B22.3B
Total Current Assets21.3B21.4B28.0B23.1B22.8B18.5B
Accumulated Other Comprehensive Income(4.3B)(872.2M)(1.2B)(1.7B)23.2B24.4B
Short Term Debt6.0B8.6B15.3B12.9B10.4B8.7B
Intangible Assets662.9M661.8M714.9M856.5M871M631.3M
Common Stock1.9B1.9B1.9B1.9B1.9B1.6B
Other Liab2.4B2.1B2.0B1.9B2.2B1.9B
Net Tangible Assets13.2B15.1B17.2B19.3B22.2B12.3B
Other Assets1.3B1.1B1.5B1.0B1.2B1.1B
Long Term Debt427.8M1.5B472.6M547M2.9B3.1B
Short Long Term Debt5.9B7.9B15.2B12.7B10.2B7.3B
Property Plant Equipment19.8B20.9B21.4B24.2B27.8B17.2B
Long Term Debt Total637.8M1.7B675M1.5B1.7B855.2M
Capital Surpluse4.3B4.3B4.3B4.3B5.0B4.3B
Non Current Liabilities Other211.9M170.5M159.3M146.5M137.9M132.3M
Net Invested Capital24.7B29.9B38.3B36.6B38.3B32.4B

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Other Information on Investing in Godrej Stock

Balance Sheet is a snapshot of the financial position of Godrej Agrovet at a specified time, usually calculated after every quarter, six months, or one year. Godrej Agrovet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Godrej Agrovet 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 Godrej currently owns. An asset can also be divided into two categories, current and non-current.