Orissa Reconciled Depreciation vs Research Development Analysis
ORISSAMINE | 7,552 97.85 1.31% |
Orissa Minerals financial indicator trend analysis is much more than just breaking down Orissa Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orissa Minerals is a good investment. Please check the relationship between Orissa Minerals Reconciled Depreciation and its Research Development accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in The Orissa Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Reconciled Depreciation vs Research Development
Reconciled Depreciation vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orissa Minerals Reconciled Depreciation account and Research Development. At this time, the significance of the direction appears to have weak relationship.
The correlation between Orissa Minerals' Reconciled Depreciation and Research Development is 0.36. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Research Development in the same time period over historical financial statements of The Orissa Minerals, assuming nothing else is changed. The correlation between historical values of Orissa Minerals' Reconciled Depreciation and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of The Orissa Minerals are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Reconciled Depreciation i.e., Orissa Minerals' Reconciled Depreciation and Research Development go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Reconciled Depreciation
Research Development
Most indicators from Orissa Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orissa Minerals 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in The Orissa Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. As of the 22nd of November 2024, Selling General Administrative is likely to drop to about 28.5 M. In addition to that, Tax Provision is likely to drop to about (85.3 M)
Orissa Minerals fundamental ratios Correlations
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Orissa Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orissa Minerals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 4.2B | 4.7B | 4.0B | 3.4B | 6.4B | |
Other Current Liab | 1.8M | 771.2M | 1.0B | 816.0M | 2.5B | 2.7B | |
Total Current Liabilities | 4.2B | 1.2B | 3.3B | 4.0B | 3.4B | 2.9B | |
Total Stockholder Equity | 570.8M | 180.7M | 35.3M | (128.0M) | (107.3M) | (101.9M) | |
Property Plant And Equipment Net | 282.9M | 171.9M | 346.7M | 163.5M | 131.8M | 247.2M | |
Net Debt | 2.7B | 3.0B | 2.9B | 1.8B | 41.6M | 43.7M | |
Cash | 389.5M | 120.2M | 432.8M | 64.5M | 46.1M | 43.8M | |
Non Current Assets Total | 2.5B | 2.4B | 2.5B | 2.6B | 2.6B | 1.5B | |
Non Currrent Assets Other | 539.8M | 434.2M | 267.1M | 435.8M | 2.3B | 2.4B | |
Cash And Short Term Investments | 873.0M | 1.2B | 432.8M | 836.4M | 247.2M | 234.9M | |
Net Receivables | 77.7M | 38.7M | 38.4M | 25.9M | 67K | 63.7K | |
Liabilities And Stockholders Equity | 4.8B | 4.2B | 4.7B | 4.0B | 3.4B | 6.4B | |
Inventory | 281.3M | 280.3M | 213.5M | 218.2M | 237.8M | 263.9M | |
Other Current Assets | 1.1B | 1.3B | 1.5B | 1.1B | 324.1M | 571.5M | |
Total Liab | 4.2B | 4.0B | 4.6B | 4.1B | 3.5B | 3.3B | |
Total Current Assets | 2.3B | 1.7B | 2.2B | 1.4B | 809.2M | 768.8M | |
Short Long Term Debt Total | 5.4B | 3.1B | 3.3B | 1.8B | 87.7M | 83.3M | |
Non Current Liabilities Total | 32.9M | 2.8B | 1.3B | 114.3M | 136.5M | 129.7M | |
Intangible Assets | 124.1M | 112.4M | 178.5M | 160.5M | 149.6M | 254.7M | |
Retained Earnings | (2.7B) | 174.7M | (3.2B) | (134.0M) | (120.6M) | (114.6M) | |
Accounts Payable | 44.0M | 33.9M | 29.4M | 31.9M | 22.3M | 33.0M | |
Short Term Investments | 483.5M | 1.0B | 1.2B | 771.8M | 201.2M | 191.1M | |
Other Liab | 32.9M | 30.6M | 41.5M | 43.8M | 39.4M | 37.5M | |
Net Tangible Assets | 446.7M | 68.3M | (143.2M) | (288.5M) | (259.6M) | (246.7M) | |
Other Assets | 2.5B | 2.2B | 1.7B | 2.2B | 2.6B | 2.7B | |
Property Plant Equipment | 158.7M | 171.9M | 168.1M | 163.5M | 147.2M | 152.3M | |
Current Deferred Revenue | 1.0B | 771.2M | 1.1B | 795.5M | 807.1M | 1.1B | |
Short Term Debt | 3.1B | 340.0M | 2.1B | 1.8B | 17.3M | 16.4M | |
Net Invested Capital | 3.7B | 3.3B | 3.4B | 1.6B | (107.3M) | (101.9M) | |
Short Long Term Debt | 1.2B | 3.1B | 340.0M | 2.1B | 1.7B | 0.0 | |
Net Working Capital | (1.9B) | 580.6M | (1.1B) | (2.6B) | (2.6B) | (2.4B) |
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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 Orissa Stock
Balance Sheet is a snapshot of the financial position of Orissa Minerals at a specified time, usually calculated after every quarter, six months, or one year. Orissa Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Orissa Minerals 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 Orissa currently owns. An asset can also be divided into two categories, current and non-current.