MAPMYINDIA | | | 1,748 4.10 0.23% |
CE Info financial indicator trend analysis is way more than just evaluating CE Info Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CE Info Systems is a good investment. Please check the relationship between CE Info Income Before Tax and its Gross Profit accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CE Info Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CE Info Systems Income Before Tax account and
Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CE Info's Income Before Tax and Gross Profit is 0.97. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of CE Info Systems, assuming nothing else is changed. The correlation between historical values of CE Info's Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of CE Info Systems are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., CE Info's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on CE Info income statement and is an important metric when analyzing CE Info Systems profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of CE Info Systems minus its cost of goods sold. It is profit before CE Info 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.
Most indicators from CE Info's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CE Info Systems 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 CE Info Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
As of the 1st of December 2024,
Selling General Administrative is likely to drop to about 117.9
M. In addition to that,
Tax Provision is likely to drop to about 259
MCE Info fundamental ratios Correlations
Click cells to compare fundamentals
CE Info Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CE Info 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 MAPMYINDIA Stock
Balance Sheet is a snapshot of the
financial position of CE Info Systems at a specified time, usually calculated after every quarter, six months, or one year. CE Info Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CE Info 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 MAPMYINDIA currently owns. An asset can also be divided into two categories, current and non-current.