ITDC Stock | | | 641.20 0.80 0.12% |
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 Total Revenue and its Non Current Assets Total 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.
Total Revenue vs Non Current Assets Total
Total Revenue vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
India Tourism Development Total Revenue account and
Non Current Assets Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between India Tourism's Total Revenue and Non Current Assets Total is -0.43. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total 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 Total Revenue and Non Current Assets Total 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 India Tourism Development are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Revenue i.e., India Tourism's Total Revenue and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts India Tourism Development 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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and 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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