NIIT Property Plant And Equipment Net vs Net Receivables Analysis

NIITMTS Stock   470.10  4.45  0.96%   
NIIT LEARNING financial indicator trend analysis is infinitely more than just investigating NIIT LEARNING SYSTEMS recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT LEARNING SYSTEMS is a good investment. Please check the relationship between NIIT LEARNING Property Plant And Equipment Net and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT LEARNING 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 population.

Property Plant And Equipment Net vs Net Receivables

Property Plant And Equipment Net vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT LEARNING SYSTEMS Property Plant And Equipment Net account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NIIT LEARNING's Property Plant And Equipment Net and Net Receivables is 0.87. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Receivables in the same time period over historical financial statements of NIIT LEARNING SYSTEMS, assuming nothing else is changed. The correlation between historical values of NIIT LEARNING's Property Plant And Equipment Net and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of NIIT LEARNING SYSTEMS are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant And Equipment Net i.e., NIIT LEARNING's Property Plant And Equipment Net and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Receivables

Most indicators from NIIT LEARNING's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT LEARNING 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 NIIT LEARNING 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 population.
Selling General Administrative is likely to gain to about 3.5 B in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses3.0B2.9B3.3B2.1B
Cost Of Revenue5.8B6.9B7.0B4.4B

NIIT LEARNING fundamental ratios Correlations

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NIIT LEARNING Account Relationship Matchups

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