NMDC Tax Provision vs Cost Of Revenue Analysis

NMDC Stock

230.07 2.34 1.03%

NMDC financial indicator trend analysis is infinitely more than just investigating NMDC Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NMDC Limited is a good investment. Please check the relationship between NMDC Tax Provision and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NMDC 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.

Tax Provision vs Cost Of Revenue

Tax Provision vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NMDC Limited Tax Provision account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between NMDC's Tax Provision and Cost Of Revenue is 0.67. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of NMDC Limited, assuming nothing else is changed. The correlation between historical values of NMDC's Tax Provision 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 Tax Provision of NMDC 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 Tax Provision i.e., NMDC's Tax Provision and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Cost Of Revenue

Cost of Revenue is found on NMDC Limited income statement and represents the costs associated with goods and services NMDC 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 NMDC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NMDC 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 NMDC 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, NMDC's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 26 B in 2024, whereas Discontinued Operations is likely to drop (8.2 M) in 2024.

	2021	2022	2023	2024 (projected)
Operating Income	123.5B	57.2B	91.5B	58.1B
Total Revenue	258.8B	176.7B	213.1B	223.7B

Operating Income Total Revenue

NMDC fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		0.06	0.44	0.96	0.35	0.22	0.67	0.12	0.51	0.46	0.86	0.28	0.31	0.46	0.47	0.36	0.61	0.58	0.59	0.14	0.63	0.15	0.25	-0.07	0.51	-0.03
Other Current Liab	0.06		0.26	0.01	0.11	0.26	0.07	0.24	-0.13	0.44	0.07	0.4	0.3	0.01	0.25	0.16	0.07	-0.28	-0.28	-0.13	-0.22	-0.16	0.39	-0.33	0.19	0.17
Total Current Liabilities	0.44	0.26		0.25	0.87	0.25	0.66	-0.42	0.34	0.71	0.37	0.28	0.86	0.15	0.99	0.87	0.0	0.24	0.26	0.68	0.41	0.62	-0.05	-0.88	0.83	0.19
Total Stockholder Equity	0.96	0.01	0.25		0.15	0.15	0.49	0.29	0.41	0.35	0.87	0.33	0.13	0.48	0.27	0.18	0.74	0.54	0.54	-0.06	0.53	-0.01	0.36	0.07	0.3	-0.07
Other Liab	0.35	0.11	0.87	0.15		0.35	0.67	-0.66	0.54	0.67	0.32	-0.07	0.85	-0.17	0.9	0.94	-0.24	0.39	0.4	0.82	0.6	0.81	-0.41	-0.74	0.87	0.07
Retained Earnings	0.22	0.26	0.25	0.15	0.35		0.37	0.19	0.2	0.23	0.01	-0.29	0.41	-0.49	0.3	0.37	-0.21	0.15	0.16	-0.04	0.25	0.11	-0.15	-0.27	0.39	0.21
Accounts Payable	0.67	0.07	0.66	0.49	0.67	0.37		-0.31	0.47	0.56	0.38	0.05	0.69	0.22	0.74	0.68	-0.01	0.42	0.43	0.52	0.58	0.33	-0.11	-0.36	0.87	0.08
Cash	0.12	0.24	-0.42	0.29	-0.66	0.19	-0.31		-0.48	-0.14	0.11	0.38	-0.32	0.13	-0.46	-0.54	0.56	-0.35	-0.36	-0.93	-0.48	-0.63	0.74	0.3	-0.5	0.27
Other Assets	0.51	-0.13	0.34	0.41	0.54	0.2	0.47	-0.48		0.11	0.34	-0.52	0.11	-0.16	0.43	0.38	-0.2	0.94	0.94	0.58	0.96	0.53	-0.62	0.0	0.65	-0.22
Net Receivables	0.46	0.44	0.71	0.35	0.67	0.23	0.56	-0.14	0.11		0.51	0.44	0.82	0.23	0.71	0.76	0.23	-0.02	0.0	0.31	0.18	0.39	0.22	-0.6	0.6	0.06
Good Will	0.86	0.07	0.37	0.87	0.32	0.01	0.38	0.11	0.34	0.51		0.45	0.29	0.37	0.36	0.34	0.77	0.37	0.38	0.07	0.45	0.28	0.37	-0.1	0.28	0.02
Short Term Investments	0.28	0.4	0.28	0.33	-0.07	-0.29	0.05	0.38	-0.52	0.44	0.45		0.3	0.6	0.2	0.05	0.74	-0.48	-0.47	-0.24	-0.45	-0.2	0.89	-0.33	-0.08	0.23
Inventory	0.31	0.3	0.86	0.13	0.85	0.41	0.69	-0.32	0.11	0.82	0.29	0.3		-0.04	0.87	0.89	-0.05	-0.04	-0.02	0.51	0.19	0.57	0.02	-0.84	0.77	0.27
Other Current Assets	0.46	0.01	0.15	0.48	-0.17	-0.49	0.22	0.13	-0.16	0.23	0.37	0.6	-0.04		0.11	-0.07	0.58	0.0	0.0	-0.03	-0.05	-0.38	0.53	0.05	-0.03	-0.24
Total Liab	0.47	0.25	0.99	0.27	0.9	0.3	0.74	-0.46	0.43	0.71	0.36	0.2	0.87	0.11		0.88	-0.06	0.32	0.34	0.72	0.49	0.64	-0.12	-0.83	0.9	0.18
Intangible Assets	0.36	0.16	0.87	0.18	0.94	0.37	0.68	-0.54	0.38	0.76	0.34	0.05	0.89	-0.07	0.88		-0.13	0.25	0.27	0.71	0.47	0.67	-0.27	-0.78	0.8	0.12
Common Stock	0.61	0.07	0.0	0.74	-0.24	-0.21	-0.01	0.56	-0.2	0.23	0.77	0.74	-0.05	0.58	-0.06	-0.13		-0.04	-0.04	-0.43	-0.09	-0.26	0.79	0.09	-0.23	0.05
Property Plant Equipment	0.58	-0.28	0.24	0.54	0.39	0.15	0.42	-0.35	0.94	-0.02	0.37	-0.48	-0.04	0.0	0.32	0.25	-0.04		1.0	0.47	0.96	0.35	-0.53	0.11	0.51	-0.3
Property Plant And Equipment Net	0.59	-0.28	0.26	0.54	0.4	0.16	0.43	-0.36	0.94	0.0	0.38	-0.47	-0.02	0.0	0.34	0.27	-0.04	1.0		0.49	0.96	0.36	-0.53	0.09	0.53	-0.29
Net Debt	0.14	-0.13	0.68	-0.06	0.82	-0.04	0.52	-0.93	0.58	0.31	0.07	-0.24	0.51	-0.03	0.72	0.71	-0.43	0.47	0.49		0.61	0.69	-0.63	-0.51	0.72	-0.18
Non Current Assets Total	0.63	-0.22	0.41	0.53	0.6	0.25	0.58	-0.48	0.96	0.18	0.45	-0.45	0.19	-0.05	0.49	0.47	-0.09	0.96	0.96	0.61		0.52	-0.57	-0.04	0.67	-0.24
Non Currrent Assets Other	0.15	-0.16	0.62	-0.01	0.81	0.11	0.33	-0.63	0.53	0.39	0.28	-0.2	0.57	-0.38	0.64	0.67	-0.26	0.35	0.36	0.69	0.52		-0.48	-0.51	0.62	0.26
Cash And Short Term Investments	0.25	0.39	-0.05	0.36	-0.41	-0.15	-0.11	0.74	-0.62	0.22	0.37	0.89	0.02	0.53	-0.12	-0.27	0.79	-0.53	-0.53	-0.63	-0.57	-0.48		-0.03	-0.33	0.27
Common Stock Shares Outstanding	-0.07	-0.33	-0.88	0.07	-0.74	-0.27	-0.36	0.3	0.0	-0.6	-0.1	-0.33	-0.84	0.05	-0.83	-0.78	0.09	0.11	0.09	-0.51	-0.04	-0.51	-0.03		-0.58	-0.31
Non Current Liabilities Total	0.51	0.19	0.83	0.3	0.87	0.39	0.87	-0.5	0.65	0.6	0.28	-0.08	0.77	-0.03	0.9	0.8	-0.23	0.51	0.53	0.72	0.67	0.62	-0.33	-0.58		0.11
Other Stockholder Equity	-0.03	0.17	0.19	-0.07	0.07	0.21	0.08	0.27	-0.22	0.06	0.02	0.23	0.27	-0.24	0.18	0.12	0.05	-0.3	-0.29	-0.18	-0.24	0.26	0.27	-0.31	0.11

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NMDC Account Relationship Matchups

NMDC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	312.9B	369.3B	448.5B	282.5B	356.6B	238.5B
Other Current Liab	17.9B	34.0B	21.0B	25.0B	44.0B	46.2B
Total Current Liabilities	27.8B	55.4B	69.3B	42.0B	84.0B	88.3B
Total Stockholder Equity	276.7B	298.8B	349.9B	226.2B	256.6B	205.1B
Other Liab	7.7B	8.3B	9.5B	12.4B	14.3B	15.0B
Retained Earnings	15.2B	16.2B	16.8B	18.6B	19.2B	12.7B
Accounts Payable	2.3B	3.6B	6.6B	4.3B	4.1B	2.7B
Cash	1.1B	4.6B	1.2B	930M	1.1B	1.0B
Other Assets	41.2B	43.6B	50.2B	14.2B	16.3B	15.3B
Net Receivables	26.1B	24.4B	29.5B	43.6B	35.1B	36.8B
Short Term Investments	23.3B	32.6B	67.0B	75.0B	121.7B	127.7B
Inventory	7.2B	9.2B	21.6B	26.6B	27.7B	29.1B
Other Current Assets	15.7B	35.5B	38.6B	12.0B	30.0B	20.2B
Total Liab	36.1B	70.3B	98.5B	56.1B	99.9B	104.9B
Intangible Assets	4.8B	5.7B	5.4B	7.2B	7.7B	8.0B
Property Plant Equipment	187.6B	204.3B	224.9B	43.8B	50.4B	80.4B
Property Plant And Equipment Net	187.6B	204.3B	224.9B	43.8B	57.5B	83.5B
Net Debt	10.9B	20.2B	37.8B	3.3B	32.5B	34.1B
Non Current Assets Total	239.5B	263.3B	290.4B	124.4B	141.1B	112.3B
Non Currrent Assets Other	33.0B	39.6B	44.9B	60.1B	65.5B	68.8B
Cash And Short Term Investments	24.3B	37.2B	68.2B	75.9B	122.8B	99.0B
Liabilities And Stockholders Equity	312.9B	369.3B	448.5B	282.5B	356.6B	259.1B
Non Current Liabilities Total	8.3B	15.0B	29.2B	14.1B	15.8B	16.6B
Other Stockholder Equity	(541.2B)	279.7B	1.0	204.7B	230.2B	241.7B
Total Current Assets	73.5B	106.0B	158.1B	158.1B	215.5B	146.8B
Accumulated Other Comprehensive Income	(9.8B)	279.7B	159.6B	204.7B	234.4B	246.1B
Net Tangible Assets	257.3B	270.9B	292.2B	343.5B	395.1B	309.7B
Short Long Term Debt Total	11.9B	24.8B	39.1B	4.2B	33.6B	19.8B
Current Deferred Revenue	11.5B	13.9B	10.9B	10.2B	1.4B	1.3B
Short Long Term Debt	5.7B	14.5B	18.2B	4.2B	33.6B	35.2B
Short Term Debt	3.6B	17.8B	17.9B	4.2B	33.6B	35.2B
Long Term Debt Total	58.3M	5.5B	16.7B	50.2M	57.7M	54.8M
Cash And Equivalents	69.8M	60.8M	412.4M	523.8M	348.6M	0.0
Net Invested Capital	282.4B	318.8B	384.7B	230.4B	290.1B	317.4B
Net Working Capital	45.7B	50.6B	88.8B	116.1B	131.4B	84.1B
Capital Lease Obligations	58.3M	47M	74.4M	66.8M	22.4M	21.3M

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NMDC Tax Provision vs Cost Of Revenue Analysis

Tax Provision vs Cost Of Revenue

Tax Provision vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Tax Provision

Cost Of Revenue

NMDC fundamental ratios Correlations

NMDC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NMDC fundamental ratios Accounts

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Additional Tools for NMDC Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Property Plant Equipment
Total Liab	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.96	Total Assets
Non Current Assets Total	+ 0.96	Other Assets
Non Current Assets Total	+ 0.96	Property Plant Equipment
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net

Net Debt	- 0.93	Cash
Common Stock Shares Outstanding	- 0.88	Total Current Liabilities
Common Stock Shares Outstanding	- 0.84	Inventory
Common Stock Shares Outstanding	- 0.83	Total Liab
Common Stock Shares Outstanding	- 0.78	Intangible Assets
Common Stock Shares Outstanding	- 0.74	Other Liab