| GUJRAFFIA | | | 44.13 1.76 3.84% |
Gujarat Raffia financial indicator trend analysis is much more than just examining Gujarat Raffia Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gujarat Raffia Industries is a good investment. Please check the relationship between Gujarat Raffia Cost Of Revenue and its Gross Profit accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gujarat Raffia Industries. 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.
Cost Of Revenue vs Gross Profit
Cost Of Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gujarat Raffia Industries Cost Of Revenue account and
Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gujarat Raffia's Cost Of Revenue and Gross Profit is -0.18. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Gujarat Raffia Industries, assuming nothing else is changed. The correlation between historical values of Gujarat Raffia's Cost Of Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Gujarat Raffia Industries are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Cost Of Revenue i.e., Gujarat Raffia's Cost Of Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Gujarat Raffia Industries income statement and represents the costs associated with goods and services Gujarat Raffia provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Gujarat Raffia Industries minus its cost of goods sold. It is profit before Gujarat Raffia operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Gujarat Raffia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gujarat Raffia Industries 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 Gujarat Raffia Industries. 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.
The current
Selling General Administrative is estimated to decrease to about 17.2
M. The current
Tax Provision is estimated to decrease to about 1.6
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 32.1M | 28.0M | 20.5M | 19.5M | Total Revenue | 379.8M | 392.4M | 309.1M | 405.7M |
Gujarat Raffia fundamental ratios Correlations
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Gujarat Raffia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gujarat Raffia fundamental ratios Accounts
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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 Gujarat Stock
Balance Sheet is a snapshot of the
financial position of Gujarat Raffia Industries at a specified time, usually calculated after every quarter, six months, or one year. Gujarat Raffia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gujarat Raffia 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 Gujarat currently owns. An asset can also be divided into two categories, current and non-current.