KPIT Other Current Assets vs Net Receivables Analysis

KPITTECH   1,197  17.50  1.44%   
KPIT Technologies financial indicator trend analysis is infinitely more than just investigating KPIT Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KPIT Technologies is a good investment. Please check the relationship between KPIT Technologies Other Current Assets and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KPIT Technologies 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 main economic indicators.

Other Current Assets vs Net Receivables

Other Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of KPIT Technologies Other Current Assets account and Net Receivables. At this time, the significance of the direction appears to have no relationship.
The correlation between KPIT Technologies' Other Current Assets and Net Receivables is 0.08. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of KPIT Technologies Limited, assuming nothing else is changed. The correlation between historical values of KPIT Technologies' Other Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of KPIT Technologies Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Assets i.e., KPIT Technologies' Other Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Receivables

Most indicators from KPIT Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KPIT Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KPIT Technologies 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 main economic indicators.
At present, KPIT Technologies' Selling General Administrative is projected to increase significantly based on the last few years of reporting.

KPIT Technologies fundamental ratios Correlations

0.750.710.80.980.58-0.1-0.680.790.90.760.82-0.080.490.680.630.760.070.310.80.370.370.590.970.960.27
0.750.480.60.780.28-0.44-0.430.690.690.610.690.180.140.470.570.65-0.30.120.60.380.210.470.680.70.67
0.710.480.970.680.530.19-0.960.940.540.950.92-0.410.390.840.390.920.320.230.510.560.180.90.730.690.04
0.80.60.970.760.620.14-0.90.960.680.950.97-0.270.490.870.470.930.320.330.620.50.270.830.810.770.17
0.980.780.680.760.48-0.21-0.670.80.880.760.780.020.380.660.680.72-0.060.280.720.370.370.60.910.980.31
0.580.280.530.620.480.54-0.530.520.510.540.56-0.130.930.77-0.150.460.790.750.51-0.140.450.380.670.55-0.18
-0.1-0.440.190.14-0.210.54-0.15-0.06-0.24-0.03-0.01-0.310.460.18-0.440.020.860.39-0.14-0.210.160.080.04-0.1-0.37
-0.68-0.43-0.96-0.9-0.67-0.53-0.15-0.93-0.47-0.95-0.870.3-0.4-0.86-0.29-0.86-0.29-0.26-0.43-0.46-0.26-0.91-0.65-0.670.12
0.790.690.940.960.80.52-0.06-0.930.680.990.95-0.150.390.880.480.910.150.280.560.470.310.890.750.780.19
0.90.690.540.680.880.51-0.24-0.470.680.640.710.150.480.630.640.60.020.40.820.160.450.430.870.90.28
0.760.610.950.950.760.54-0.03-0.950.990.640.93-0.210.40.910.410.880.20.330.540.50.230.890.720.760.07
0.820.690.920.970.780.56-0.01-0.870.950.710.93-0.220.470.810.480.980.20.220.730.510.250.790.840.750.18
-0.080.18-0.41-0.270.02-0.13-0.310.3-0.150.15-0.21-0.22-0.16-0.120.04-0.29-0.340.25-0.06-0.530.47-0.22-0.190.00.14
0.490.140.390.490.380.930.46-0.40.390.480.40.47-0.160.64-0.170.360.790.590.51-0.270.490.180.590.43-0.26
0.680.470.840.870.660.770.18-0.860.880.630.910.81-0.120.640.130.710.490.640.490.170.410.810.680.71-0.1
0.630.570.390.470.68-0.15-0.44-0.290.480.640.410.480.04-0.170.130.47-0.47-0.240.420.540.080.280.540.660.63
0.760.650.920.930.720.460.02-0.860.910.60.880.98-0.290.360.710.470.140.080.70.590.160.790.780.660.17
0.07-0.30.320.32-0.060.790.86-0.290.150.020.20.2-0.340.790.49-0.470.140.60.08-0.260.250.150.210.06-0.43
0.310.120.230.330.280.750.39-0.260.280.40.330.220.250.590.64-0.240.080.60.26-0.270.330.250.340.42-0.24
0.80.60.510.620.720.51-0.14-0.430.560.820.540.73-0.060.510.490.420.70.080.260.310.160.320.860.680.08
0.370.380.560.50.37-0.14-0.21-0.460.470.160.50.51-0.53-0.270.170.540.59-0.26-0.270.31-0.610.410.350.320.33
0.370.210.180.270.370.450.16-0.260.310.450.230.250.470.490.410.080.160.250.330.16-0.610.280.340.39-0.05
0.590.470.90.830.60.380.08-0.910.890.430.890.79-0.220.180.810.280.790.150.250.320.410.280.550.61-0.01
0.970.680.730.810.910.670.04-0.650.750.870.720.84-0.190.590.680.540.780.210.340.860.350.340.550.910.2
0.960.70.690.770.980.55-0.1-0.670.780.90.760.750.00.430.710.660.660.060.420.680.320.390.610.910.27
0.270.670.040.170.31-0.18-0.370.120.190.280.070.180.14-0.26-0.10.630.17-0.43-0.240.080.33-0.05-0.010.20.27
Click cells to compare fundamentals

KPIT Technologies Account Relationship Matchups

KPIT Technologies fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets16.4B19.7B23.4B34.0B50.3B25.4B
Short Long Term Debt Total2.0B2.3B2.3B2.9B3.4B2.8B
Other Current Liab477.3M1.8B3.3B6.0B12.4B13.0B
Total Stockholder Equity10.5B12.1B13.1B16.5B29.1B14.7B
Property Plant And Equipment Net3.8B4.6B4.4B4.8B6.0B4.4B
Current Deferred Revenue2.8B1.4B1.7B2.6B3.0B2.1B
Net Debt(722.1M)(558.0M)(1.1B)(1.7B)(7.3B)(6.9B)
Retained Earnings5.9B7.4B8.5B11.2B22.6B23.8B
Accounts Payable846.7M1.4B1.4B1.6B1.8B1.3B
Cash2.9B3.4B4.9B4.5B10.7B11.3B
Non Current Assets Total6.2B6.7B8.2B19.0B23.2B24.4B
Non Currrent Assets Other5.7B951.5M359.4M342.0M467.2M443.9M
Other Assets803.6M1.3B706.7M1.2B1.1B768.4M
Cash And Short Term Investments8.3B8.3B10.0B5.9B16.2B17.1B
Good Will987.8M1.0B1.7B10.1B11.7B12.3B
Common Stock Shares Outstanding269.6M270.5M272.9M273.1M273.5M283.3M
Short Term Investments5.4B1.3B5.1B862.9M3.5B2.1B
Liabilities And Stockholders Equity16.4B19.7B23.4B34.0B50.3B25.4B
Inventory(1.3B)(1.1B)587.5M637.5M846.9M889.2M
Other Current Assets1.6B1.4B(230.0M)488.3M1.1B700.8M
Other Stockholder Equity2.0B1.9B2.6B(1.0)26.4B27.7B
Total Liab5.8B7.6B10.1B17.4B21.2B10.7B
Accumulated Other Comprehensive Income(1.2B)2.0B1.9B2.6B3.8B3.9B
Common Stock2.7B2.7B2.7B2.7B2.7B2.2B
Net Tangible Assets9.0B10.8B11.1B4.1B4.8B7.9B
Long Term Debt370.9M29.7M24.0M18.7M2.3M590K
Long Term Debt Total1.9B1.9B1.9B2.2B2.7B1.7B
Capital Lease Obligations2.3B2.2B2.4B2.8B3.4B2.0B
Net Invested Capital12.0B13.1B17.0B21.9B29.1B15.8B
Short Long Term Debt7.3M7.2M489.8M446.8M15.4M14.6M
Net Working Capital7.7B8.1B3.3B5.0B9.9B6.2B
Intangible Assets520.1M285.0M289.8M2.3B2.1B2.2B
Property Plant Equipment4.6B4.4B4.8B5.4B6.0B4.4B
Other Liab120.9M377.0M1.2B3.8B4.4B4.6B
Capital Stock2.7B2.7B2.7B2.7B2.7B3.0B

Also Currently Popular

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 KPIT Stock

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