Mahindra Other Current Assets vs Accounts Payable Analysis
| MHID Stock | USD 35.90 0.90 2.57% |
Mahindra Mahindra financial indicator trend analysis is infinitely more than just investigating Mahindra Mahindra recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mahindra Mahindra is a good investment. Please check the relationship between Mahindra Mahindra Other Current Assets and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mahindra Mahindra 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 board of governors.
Other Current Assets vs Accounts Payable
Other Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mahindra Mahindra Other Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mahindra Mahindra's Other Current Assets and Accounts Payable is 0.45. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Mahindra Mahindra Limited, assuming nothing else is changed. The correlation between historical values of Mahindra Mahindra's Other Current Assets and Accounts Payable 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 Mahindra Mahindra Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Current Assets i.e., Mahindra Mahindra's Other Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.45 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
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.Accounts Payable
An accounting item on the balance sheet that represents Mahindra Mahindra obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mahindra Mahindra are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Mahindra Mahindra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mahindra Mahindra 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 Mahindra Mahindra 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 board of governors. At this time, Mahindra Mahindra's Issuance Of Capital Stock is quite stable compared to the past year. Enterprise Value is expected to rise to about 3 T this year, although the value of Discontinued Operations will most likely fall to (26.4 B).
| 2020 | 2021 | 2023 | 2024 (projected) | EBIT | 111.5B | 119.5B | 137.5B | 123.8B | Other Operating Expenses | 129.8B | 135.0B | 155.2B | 144.8B |
Mahindra Mahindra fundamental ratios Correlations
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Mahindra Mahindra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Mahindra Mahindra at a specified time, usually calculated after every quarter, six months, or one year. Mahindra Mahindra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mahindra Mahindra 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 Mahindra currently owns. An asset can also be divided into two categories, current and non-current.