MRF Stock | | | 124,492 105.00 0.08% |
MRF financial indicator trend analysis is infinitely more than just investigating MRF Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MRF Limited is a good investment. Please check the relationship between MRF Gross Profit and its Cost Of Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRF 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.
Gross Profit vs Cost Of Revenue
Gross Profit vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MRF Limited Gross Profit account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between MRF's Gross Profit and Cost Of Revenue is 0.65. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of MRF Limited, assuming nothing else is changed. The correlation between historical values of MRF's Gross Profit and Cost Of 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 Gross Profit of MRF Limited are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., MRF's Gross Profit and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of MRF Limited minus its cost of goods sold. It is profit before MRF 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.
Cost Of Revenue
Cost of Revenue is found on MRF Limited income statement and represents the costs associated with goods and services MRF provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from MRF's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MRF 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRF 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.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 656.3
M. In addition to that,
Tax Provision is expected to decline to about 4
BMRF fundamental ratios Correlations
Click cells to compare fundamentals
MRF Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MRF 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 MRF Stock
Balance Sheet is a snapshot of the
financial position of MRF Limited at a specified time, usually calculated after every quarter, six months, or one year. MRF Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MRF 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 MRF currently owns. An asset can also be divided into two categories, current and non-current.