INDOAMIN | | | 167.74 3.39 2.06% |
Indo Amines financial indicator trend analysis is infinitely more than just investigating Indo Amines Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indo Amines Limited is a good investment. Please check the relationship between Indo Amines Current Deferred Revenue and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indo Amines 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 nation.
Current Deferred Revenue vs Accounts Payable
Current Deferred Revenue vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indo Amines Limited Current Deferred Revenue account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Indo Amines' Current Deferred Revenue and Accounts Payable is -0.23. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Indo Amines Limited, assuming nothing else is changed. The correlation between historical values of Indo Amines' Current Deferred Revenue and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Indo Amines Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Current Deferred Revenue i.e., Indo Amines' Current Deferred Revenue and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Accounts Payable
An accounting item on the balance sheet that represents Indo Amines obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Indo Amines Limited are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Indo Amines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indo Amines Limited 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 Indo Amines 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 nation.
The current
Selling General Administrative is estimated to decrease to about 76.2
M. The current
Tax Provision is estimated to decrease to about 131.1
MIndo Amines fundamental ratios Correlations
Click cells to compare fundamentals
Indo Amines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indo Amines fundamental ratios Accounts
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Other Information on Investing in Indo Stock
Balance Sheet is a snapshot of the
financial position of Indo Amines Limited at a specified time, usually calculated after every quarter, six months, or one year. Indo Amines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indo Amines 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 Indo currently owns. An asset can also be divided into two categories, current and non-current.