HeidelbergCement Income Before Tax vs Selling General Administrative Analysis

HEIDELBERG

225.98 5.18 2.35%

HeidelbergCement financial indicator trend analysis is much more than just examining HeidelbergCement India latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HeidelbergCement India is a good investment. Please check the relationship between HeidelbergCement Income Before Tax and its Selling General Administrative accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HeidelbergCement India 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.

Income Before Tax vs Selling General Administrative

Income Before Tax vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HeidelbergCement India Income Before Tax account and Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between HeidelbergCement's Income Before Tax and Selling General Administrative is -0.08. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of HeidelbergCement India Limited, assuming nothing else is changed. The correlation between historical values of HeidelbergCement's Income Before Tax and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of HeidelbergCement India Limited are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., HeidelbergCement's Income Before Tax and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on HeidelbergCement income statement and is an important metric when analyzing HeidelbergCement India profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Selling General Administrative

Most indicators from HeidelbergCement's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HeidelbergCement India 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 HeidelbergCement India 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.

At present, HeidelbergCement's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 767.1 M, whereas Discontinued Operations is forecasted to decline to (378 K).

	2020	2021	2022	2023 (projected)
Gross Profit	16.4B	17.3B	18.4B	18.1B
Total Revenue	20.9B	22.4B	22.4B	23.7B

Gross Profit Total Revenue

HeidelbergCement fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Short Term Investments	Intangible Assets	Net Receivables	Current Deferred Revenue
Total Assets		0.11	0.23	0.87	0.82	0.89	-0.05	0.58	0.44	0.88	0.22	0.36	0.92	0.27	0.85	0.42	-0.06	0.77	0.69	0.08	0.9	0.51	0.04	-0.04	0.37	0.21
Short Long Term Debt Total	0.11		-0.39	-0.13	-0.44	0.45	0.97	-0.63	-0.63	0.49	0.4	-0.59	0.03	0.94	0.26	-0.62	0.56	0.69	-0.52	0.37	0.0	-0.17	-0.2	0.49	0.38	0.26
Other Current Liab	0.23	-0.39		0.14	0.42	0.02	-0.43	0.64	0.36	0.02	-0.18	0.48	0.36	-0.21	0.25	0.23	-0.13	-0.08	0.44	-0.53	0.38	-0.46	0.2	-0.04	0.09	-0.61
Total Current Liabilities	0.87	-0.13	0.14		0.8	0.72	-0.24	0.55	0.47	0.7	-0.12	0.34	0.78	-0.06	0.7	0.57	-0.2	0.58	0.71	0.26	0.77	0.69	0.06	0.08	0.22	0.34
Total Stockholder Equity	0.82	-0.44	0.42	0.8		0.51	-0.58	0.87	0.78	0.49	0.09	0.7	0.78	-0.29	0.61	0.77	-0.44	0.27	0.94	-0.14	0.78	0.5	0.15	-0.35	0.08	0.01
Property Plant And Equipment Net	0.89	0.45	0.02	0.72	0.51		0.33	0.23	0.01	0.99	0.18	-0.04	0.83	0.59	0.76	0.06	0.29	0.93	0.29	0.15	0.8	0.44	-0.07	0.18	0.48	0.34
Net Debt	-0.05	0.97	-0.43	-0.24	-0.58	0.33		-0.77	-0.79	0.37	0.25	-0.75	-0.14	0.87	0.13	-0.66	0.64	0.56	-0.68	0.33	-0.17	-0.24	-0.23	0.52	0.4	0.25
Retained Earnings	0.58	-0.63	0.64	0.55	0.87	0.23	-0.77		0.84	0.2	0.08	0.86	0.66	-0.42	0.34	0.68	-0.56	0.0	0.89	-0.29	0.68	0.23	0.26	-0.35	-0.14	-0.27
Cash	0.44	-0.63	0.36	0.47	0.78	0.01	-0.79	0.84		0.0	0.12	0.95	0.46	-0.53	0.22	0.65	-0.69	-0.14	0.91	-0.15	0.47	0.35	0.29	-0.48	-0.31	-0.08
Non Current Assets Total	0.88	0.49	0.02	0.7	0.49	0.99	0.37	0.2	0.0		0.22	-0.07	0.8	0.62	0.79	0.05	0.3	0.95	0.27	0.19	0.78	0.41	-0.12	0.18	0.48	0.34
Non Currrent Assets Other	0.22	0.4	-0.18	-0.12	0.09	0.18	0.25	0.08	0.12	0.22		0.16	0.19	0.44	0.29	0.07	-0.19	0.28	0.12	0.2	0.19	0.02	-0.12	-0.09	0.02	-0.19
Cash And Short Term Investments	0.36	-0.59	0.48	0.34	0.7	-0.04	-0.75	0.86	0.95	-0.07	0.16		0.42	-0.48	0.12	0.58	-0.67	-0.18	0.85	-0.25	0.43	0.12	0.43	-0.41	-0.31	-0.22
Common Stock Shares Outstanding	0.92	0.03	0.36	0.78	0.78	0.83	-0.14	0.66	0.46	0.8	0.19	0.42		0.23	0.73	0.31	-0.06	0.67	0.65	-0.04	1.0	0.43	0.05	0.06	0.21	0.02
Non Current Liabilities Total	0.27	0.94	-0.21	-0.06	-0.29	0.59	0.87	-0.42	-0.53	0.62	0.44	-0.48	0.23		0.39	-0.62	0.64	0.78	-0.4	0.17	0.21	-0.14	-0.17	0.35	0.48	0.16
Inventory	0.85	0.26	0.25	0.7	0.61	0.76	0.13	0.34	0.22	0.79	0.29	0.12	0.73	0.39		0.3	0.11	0.75	0.52	0.11	0.72	0.35	-0.07	0.1	0.53	-0.06
Other Current Assets	0.42	-0.62	0.23	0.57	0.77	0.06	-0.66	0.68	0.65	0.05	0.07	0.58	0.31	-0.62	0.3		-0.73	-0.15	0.79	0.07	0.31	0.43	0.05	-0.29	-0.1	-0.1
Other Stockholder Equity	-0.06	0.56	-0.13	-0.2	-0.44	0.29	0.64	-0.56	-0.69	0.3	-0.19	-0.67	-0.06	0.64	0.11	-0.73		0.4	-0.58	-0.29	-0.07	-0.18	0.02	0.13	0.62	0.14
Total Liab	0.77	0.69	-0.08	0.58	0.27	0.93	0.56	0.0	-0.14	0.95	0.28	-0.18	0.67	0.78	0.75	-0.15	0.4		0.12	0.3	0.65	0.31	-0.1	0.34	0.53	0.35
Total Current Assets	0.69	-0.52	0.44	0.71	0.94	0.29	-0.68	0.89	0.91	0.27	0.12	0.85	0.65	-0.4	0.52	0.79	-0.58	0.12		-0.11	0.65	0.42	0.27	-0.35	0.01	-0.09
Short Term Debt	0.08	0.37	-0.53	0.26	-0.14	0.15	0.33	-0.29	-0.15	0.19	0.2	-0.25	-0.04	0.17	0.11	0.07	-0.29	0.3	-0.11		-0.05	0.35	-0.25	0.55	-0.23	0.44
Common Stock	0.9	0.0	0.38	0.77	0.78	0.8	-0.17	0.68	0.47	0.78	0.19	0.43	1.0	0.21	0.72	0.31	-0.07	0.65	0.65	-0.05		0.43	0.04	0.06	0.19	-0.01
Accounts Payable	0.51	-0.17	-0.46	0.69	0.5	0.44	-0.24	0.23	0.35	0.41	0.02	0.12	0.43	-0.14	0.35	0.43	-0.18	0.31	0.42	0.35	0.43		-0.08	-0.16	-0.01	0.5
Short Term Investments	0.04	-0.2	0.2	0.06	0.15	-0.07	-0.23	0.26	0.29	-0.12	-0.12	0.43	0.05	-0.17	-0.07	0.05	0.02	-0.1	0.27	-0.25	0.04	-0.08		-0.19	-0.01	0.06
Intangible Assets	-0.04	0.49	-0.04	0.08	-0.35	0.18	0.52	-0.35	-0.48	0.18	-0.09	-0.41	0.06	0.35	0.1	-0.29	0.13	0.34	-0.35	0.55	0.06	-0.16	-0.19		-0.01	-0.07
Net Receivables	0.37	0.38	0.09	0.22	0.08	0.48	0.4	-0.14	-0.31	0.48	0.02	-0.31	0.21	0.48	0.53	-0.1	0.62	0.53	0.01	-0.23	0.19	-0.01	-0.01	-0.01		-0.01
Current Deferred Revenue	0.21	0.26	-0.61	0.34	0.01	0.34	0.25	-0.27	-0.08	0.34	-0.19	-0.22	0.02	0.16	-0.06	-0.1	0.14	0.35	-0.09	0.44	-0.01	0.5	0.06	-0.07	-0.01

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HeidelbergCement Account Relationship Matchups

HeidelbergCement fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.9B	28.5B	28.2B	26.6B	26.6B	22.6B
Short Long Term Debt Total	4.2B	3.1B	2.0B	1.8B	1.4B	1.3B
Total Current Liabilities	9.3B	9.2B	8.4B	8.5B	9.0B	6.9B
Total Stockholder Equity	13.1B	14.9B	15.7B	14.6B	14.7B	10.3B
Property Plant And Equipment Net	17.1B	16.4B	15.9B	15.0B	14.4B	14.2B
Net Debt	(501.7M)	(1.2B)	(1.7B)	(2.9B)	(4.0B)	(3.8B)
Retained Earnings	5.7B	7.4B	8.9B	7.8B	7.9B	8.3B
Cash	4.7B	4.3B	3.7B	4.7B	5.3B	2.8B
Non Current Assets Total	17.7B	18.5B	16.4B	15.5B	15.2B	15.1B
Non Currrent Assets Other	596.8M	174.6M	1.4B	556M	681.1M	634.5M
Cash And Short Term Investments	4.7B	4.3B	5.0B	5.8B	5.3B	3.3B
Liabilities And Stockholders Equity	27.9B	28.5B	28.2B	26.6B	26.6B	22.6B
Non Current Liabilities Total	5.5B	4.3B	4.2B	3.5B	2.9B	5.4B
Inventory	1.5B	1.6B	1.7B	1.8B	1.8B	1.4B
Other Current Assets	3.0B	3.7B	6.0B	4.3B	3.8B	1.9B
Total Liab	14.8B	13.5B	12.6B	12.0B	11.9B	12.3B
Total Current Assets	10.2B	10.0B	11.8B	11.1B	11.4B	7.4B
Accumulated Other Comprehensive Income	1.5B	1.5B	806.5M	815.8M	809M	849.5M
Short Term Debt	1.3B	1.2B	364.7M	661.8M	722.5M	900.6M
Accounts Payable	4.4B	1.9B	2.0B	2.6B	3.1B	2.5B
Short Term Investments	8.8M	822.6M	1.3B	1.1B	278.4M	264.5M
Intangible Assets	2.3M	2.1M	3.4M	11.2M	20.9M	16.2M
Net Receivables	1.1B	333.2M	2.9B	311.2M	550.2M	522.7M
Current Deferred Revenue	3.6B	3.3B	342M	282.2M	270.2M	256.7M
Other Liab	2.6B	2.5B	2.6B	2.4B	2.7B	2.0B
Net Tangible Assets	13.1B	14.9B	15.6B	14.6B	16.8B	13.2B
Other Assets	596.8M	2.1B	460M	508M	584.2M	839.6M
Long Term Debt	2.8B	1.7B	1.6B	1.1B	556.8M	529.0M
Short Long Term Debt	1.3B	1.2B	335.8M	629.5M	694M	1.2B
Property Plant Equipment	17.1B	16.4B	15.9B	15.0B	13.5B	14.0B
Long Term Debt Total	2.9B	1.8B	1.6B	1.2B	1.0B	987.4M
Net Invested Capital	15.9B	16.7B	17.6B	16.4B	15.9B	13.3B
Net Working Capital	950.9M	781.9M	3.5B	2.6B	2.4B	1.3B

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Other Information on Investing in HeidelbergCement Stock

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

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HeidelbergCement Income Before Tax vs Selling General Administrative Analysis

Income Before Tax vs Selling General Administrative

Income Before Tax vs Selling General Administrative Correlation Analysis

Correlation Coefficient

Income Before Tax

Selling General Administrative

HeidelbergCement fundamental ratios Correlations

HeidelbergCement Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HeidelbergCement fundamental ratios Accounts

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Other Information on Investing in HeidelbergCement Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Net Debt	+ 0.97	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.95	Cash
Total Liab	+ 0.95	Non Current Assets Total
Non Current Liabilities Total	+ 0.94	Short Long Term Debt Total

Cash	- 0.79	Net Debt
Retained Earnings	- 0.77	Net Debt
Cash And Short Term Investments	- 0.75	Net Debt
Other Stockholder Equity	- 0.73	Other Current Assets
Other Stockholder Equity	- 0.69	Cash
Total Current Assets	- 0.68	Net Debt