GRWRHITECH | | | 4,937 3.05 0.06% |
Garware Hi financial indicator trend analysis is much more than just examining Garware Hi Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garware Hi Tech is a good investment. Please check the relationship between Garware Hi Total Revenue and its Property Plant Equipment accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garware Hi Tech Films. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Total Revenue vs Property Plant Equipment
Total Revenue vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Garware Hi Tech Total Revenue account and
Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Garware Hi's Total Revenue and Property Plant Equipment is 0.93. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Garware Hi Tech Films, assuming nothing else is changed. The correlation between historical values of Garware Hi's Total Revenue and Property Plant Equipment 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 Revenue of Garware Hi Tech Films are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Revenue i.e., Garware Hi's Total Revenue and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Garware Hi Tech 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.
Property Plant Equipment
Most indicators from Garware Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garware Hi Tech 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 Garware Hi Tech Films. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Selling General Administrative is likely to drop to about 786.2
M in 2024.
Tax Provision is likely to drop to about 615.5
M in 2024
Garware Hi fundamental ratios Correlations
Click cells to compare fundamentals
Garware Hi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Garware Hi fundamental ratios Accounts
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Additional Tools for Garware Stock Analysis
When running Garware Hi's price analysis, check to
measure Garware Hi's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garware Hi is operating at the current time. Most of Garware Hi's value examination focuses on studying past and present price action to
predict the probability of Garware Hi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garware Hi's price. Additionally, you may evaluate how the addition of Garware Hi to your portfolios can decrease your overall portfolio volatility.