| PATANJALI | | | 1,810 17.25 0.96% |
Patanjali Foods financial indicator trend analysis is much more than just breaking down Patanjali Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patanjali Foods is a good investment. Please check the relationship between Patanjali Foods Cost Of Revenue and its Total Other Income Expense Net accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patanjali Foods 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.
Cost Of Revenue vs Total Other Income Expense Net
Cost Of Revenue vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Patanjali Foods Cost Of Revenue account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Patanjali Foods' Cost Of Revenue and Total Other Income Expense Net is -0.39. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Patanjali Foods Limited, assuming nothing else is changed. The correlation between historical values of Patanjali Foods' Cost Of Revenue and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Patanjali Foods Limited are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Cost Of Revenue i.e., Patanjali Foods' Cost Of Revenue and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Patanjali Foods income statement and represents the costs associated with goods and services Patanjali Foods 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.
Total Other Income Expense Net
Most indicators from Patanjali Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patanjali Foods 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 Patanjali Foods 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.
The current year's
Selling General Administrative is expected to grow to about 4.4
B, whereas
Tax Provision is forecasted to decline to about 1.5
B.
Patanjali Foods fundamental ratios Correlations
Click cells to compare fundamentals
Patanjali Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patanjali Foods fundamental ratios Accounts
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Other Information on Investing in Patanjali Stock
Balance Sheet is a snapshot of the
financial position of Patanjali Foods at a specified time, usually calculated after every quarter, six months, or one year. Patanjali Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Patanjali Foods 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 Patanjali currently owns. An asset can also be divided into two categories, current and non-current.