| ITDC Stock | | | 619.95 27.50 4.64% |
India Tourism financial indicator trend analysis is infinitely more than just investigating India Tourism Development recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether India Tourism Development is a good investment. Please check the relationship between India Tourism Net Receivables and its Total Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in India Tourism Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Receivables vs Total Assets
Net Receivables vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
India Tourism Development Net Receivables account and
Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between India Tourism's Net Receivables and Total Assets is -0.23. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of India Tourism Development, assuming nothing else is changed. The correlation between historical values of India Tourism's Net Receivables and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of India Tourism Development are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., India Tourism's Net Receivables and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Receivables
Total Assets
Total assets refers to the total amount of India Tourism assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in India Tourism Development books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from India Tourism's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into India Tourism Development 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 India Tourism Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 390.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 12.5
M in 2024.
India Tourism fundamental ratios Correlations
Click cells to compare fundamentals
India Tourism Account Relationship Matchups
High Positive Relationship
High Negative Relationship
India Tourism fundamental ratios Accounts
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measure India Tourism'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 India Tourism is operating at the current time. Most of India Tourism's value examination focuses on studying past and present price action to
predict the probability of India Tourism's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move India Tourism's price. Additionally, you may evaluate how the addition of India Tourism to your portfolios can decrease your overall portfolio volatility.