PIDILITIND | | | 2,957 26.00 0.89% |
Pidilite Industries financial indicator trend analysis is much more than just breaking down Pidilite Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pidilite Industries is a good investment. Please check the relationship between Pidilite Industries Cost Of Revenue and its Selling And Marketing Expenses accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pidilite Industries 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 bureau of economic analysis.
Cost Of Revenue vs Selling And Marketing Expenses
Cost Of Revenue vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pidilite Industries Cost Of Revenue account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Pidilite Industries' Cost Of Revenue and Selling And Marketing Expenses is 0.89. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Pidilite Industries Limited, assuming nothing else is changed. The correlation between historical values of Pidilite Industries' Cost Of Revenue and Selling And Marketing Expenses 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 Pidilite Industries Limited are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Cost Of Revenue i.e., Pidilite Industries' Cost Of Revenue and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cost Of Revenue
Cost of Revenue is found on Pidilite Industries income statement and represents the costs associated with goods and services Pidilite Industries 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.
Selling And Marketing Expenses
Most indicators from Pidilite Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pidilite Industries 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 Pidilite Industries 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 bureau of economic analysis.
Selling General Administrative is likely to drop to about 1.2
B in 2024.
Tax Provision is likely to drop to about 4.6
B in 2024
Pidilite Industries fundamental ratios Correlations
Click cells to compare fundamentals
Pidilite Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pidilite Industries fundamental ratios Accounts
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Additional Tools for Pidilite Stock Analysis
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measure Pidilite Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pidilite Industries is operating at the current time. Most of Pidilite Industries' value examination focuses on studying past and present price action to
predict the probability of Pidilite Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pidilite Industries' price. Additionally, you may evaluate how the addition of Pidilite Industries to your portfolios can decrease your overall portfolio volatility.