JTEKTINDIA | | | 165.47 1.52 0.91% |
Jtekt India financial indicator trend analysis is infinitely more than just investigating Jtekt India Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jtekt India Limited is a good investment. Please check the relationship between Jtekt India Total Operating Expenses and its Total Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jtekt 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 estimate.
Total Operating Expenses vs Total Revenue
Total Operating Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jtekt India Limited Total Operating Expenses account and
Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jtekt India's Total Operating Expenses and Total Revenue is 0.59. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Jtekt India Limited, assuming nothing else is changed. The correlation between historical values of Jtekt India's Total Operating Expenses and Total Revenue 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 Operating Expenses of Jtekt India Limited are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Operating Expenses i.e., Jtekt India's Total Operating Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Total Revenue
Total revenue comprises all receipts Jtekt India Limited 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.
Most indicators from Jtekt India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jtekt India 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 Jtekt 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 estimate.
As of the 28th of November 2024,
Selling General Administrative is likely to drop to about 117.4
M. In addition to that,
Tax Provision is likely to drop to about 264.7
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 4.1B | 6.0B | 6.3B | 4.3B | Total Revenue | 15.7B | 20.4B | 22.5B | 15.1B |
Jtekt India fundamental ratios Correlations
Click cells to compare fundamentals
Jtekt India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jtekt India 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 Jtekt Stock
Balance Sheet is a snapshot of the
financial position of Jtekt India Limited at a specified time, usually calculated after every quarter, six months, or one year. Jtekt India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jtekt India 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 Jtekt currently owns. An asset can also be divided into two categories, current and non-current.