NAHARINDUS | | | 132.26 0.01 0.01% |
Nahar Industrial financial indicator trend analysis is infinitely more than just investigating Nahar Industrial Ent recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nahar Industrial Ent is a good investment. Please check the relationship between Nahar Industrial Net Income and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nahar Industrial Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nahar Industrial Ent Net Income account and
Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nahar Industrial's Net Income and Operating Income is 0.89. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Nahar Industrial Enterprises, assuming nothing else is changed. The correlation between historical values of Nahar Industrial's Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Nahar Industrial Enterprises are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Nahar Industrial's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Nahar Industrial Ent financial statement analysis. It represents the amount of money remaining after all of Nahar Industrial Enterprises operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Operating Income
Operating Income is the amount of profit realized from Nahar Industrial Ent operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Nahar Industrial Enterprises is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Nahar Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nahar Industrial Ent 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 Nahar Industrial Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
As of the 26th of November 2024,
Selling General Administrative is likely to grow to about 263.2
M, while
Tax Provision is likely to drop about 19.4
M.
Nahar Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Nahar Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nahar Industrial fundamental ratios Accounts
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Other Information on Investing in Nahar Stock
Balance Sheet is a snapshot of the
financial position of Nahar Industrial Ent at a specified time, usually calculated after every quarter, six months, or one year. Nahar Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nahar Industrial 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 Nahar currently owns. An asset can also be divided into two categories, current and non-current.