| LIKHITHA | | | 322.70 1.95 0.60% |
Likhitha Infrastructure financial indicator trend analysis is infinitely more than just investigating Likhitha Infrastructure recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Likhitha Infrastructure is a good investment. Please check the relationship between Likhitha Infrastructure Gross Profit and its Tax Provision accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Likhitha Infrastructure 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 gross domestic product.
Gross Profit vs Tax Provision
Gross Profit vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Likhitha Infrastructure Gross Profit account and
Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Likhitha Infrastructure's Gross Profit and Tax Provision is 0.86. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Likhitha Infrastructure Limited, assuming nothing else is changed. The correlation between historical values of Likhitha Infrastructure's Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Likhitha Infrastructure Limited are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., Likhitha Infrastructure's Gross Profit and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Likhitha Infrastructure Limited minus its cost of goods sold. It is profit before Likhitha Infrastructure operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Likhitha Infrastructure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Likhitha Infrastructure 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 Likhitha Infrastructure 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 gross domestic product.
The Likhitha Infrastructure's current
Selling General Administrative is estimated to increase to about 34
M. The Likhitha Infrastructure's current Tax Provision is estimated to increase to about 295.2
M | 2022 | 2023 | 2024 | 2025 (projected) |
Gross Profit | 1.2B | 960.7M | 1.1B | 767.3M | Total Revenue | 3.6B | 4.2B | 4.8B | 5.1B |
Likhitha Infrastructure fundamental ratios Correlations
Click cells to compare fundamentals
Likhitha Infrastructure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Likhitha Infrastructure fundamental ratios Accounts
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Other Information on Investing in Likhitha Stock
Balance Sheet is a snapshot of the
financial position of Likhitha Infrastructure at a specified time, usually calculated after every quarter, six months, or one year. Likhitha Infrastructure Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Likhitha Infrastructure 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 Likhitha currently owns. An asset can also be divided into two categories, current and non-current.