Pidilite Operating Income vs Total Operating Expenses Analysis

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 Operating Income and its Total Operating 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.

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pidilite Industries Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between Pidilite Industries' Operating Income and Total Operating Expenses is 0.7. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating 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' Operating Income and Total Operating 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 Operating Income of Pidilite Industries Limited are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Pidilite Industries' Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

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Operating Income

Operating Income is the amount of profit realized from Pidilite Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Pidilite Industries Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative 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

	2021	2022	2023	2024 (projected)
Gross Profit	43.9B	50.4B	45.8B	25.2B
Total Revenue	98.8B	118.0B	123.8B	130.0B

Gross Profit Total Revenue

Pidilite Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Retained Earnings	Current Deferred Revenue
Total Assets		0.85	0.89	0.99	1.0	0.97	-0.18	0.99	0.75	0.98	-0.09	0.73	0.97	0.93	-0.52	0.6	0.88	0.8	0.06	0.12	0.99	0.97	0.93	0.36	0.97	0.2
Short Long Term Debt Total	0.85		0.84	0.88	0.83	0.82	-0.19	0.88	0.78	0.89	-0.31	0.4	0.8	0.89	-0.18	0.21	0.94	0.88	-0.03	-0.18	0.89	0.75	0.89	0.24	0.85	0.37
Other Current Liab	0.89	0.84		0.92	0.87	0.89	-0.08	0.88	0.68	0.93	-0.36	0.54	0.78	0.94	-0.51	0.4	0.85	0.65	-0.18	-0.12	0.93	0.78	0.93	0.18	0.92	0.04
Total Current Liabilities	0.99	0.88	0.92		0.97	0.97	-0.22	0.99	0.78	0.99	-0.18	0.66	0.95	0.94	-0.49	0.51	0.89	0.8	0.02	0.05	1.0	0.93	0.95	0.41	0.96	0.24
Total Stockholder Equity	1.0	0.83	0.87	0.97		0.96	-0.17	0.98	0.73	0.97	-0.05	0.76	0.97	0.91	-0.53	0.64	0.87	0.79	0.08	0.15	0.98	0.97	0.92	0.35	0.96	0.18
Property Plant And Equipment Net	0.97	0.82	0.89	0.97	0.96		-0.21	0.95	0.75	0.96	-0.24	0.69	0.91	0.89	-0.53	0.56	0.82	0.75	-0.01	0.04	0.96	0.92	0.89	0.41	0.95	0.14
Net Debt	-0.18	-0.19	-0.08	-0.22	-0.17	-0.21		-0.15	-0.73	-0.11	0.23	-0.39	-0.2	0.02	0.15	-0.21	-0.01	0.06	-0.21	0.39	-0.18	-0.26	0.01	-0.22	-0.16	0.1
Accounts Payable	0.99	0.88	0.88	0.99	0.98	0.95	-0.15		0.74	0.99	-0.11	0.64	0.97	0.95	-0.46	0.5	0.91	0.84	0.02	0.1	0.99	0.93	0.96	0.37	0.95	0.3
Cash	0.75	0.78	0.68	0.78	0.73	0.75	-0.73	0.74		0.72	-0.36	0.59	0.71	0.64	-0.39	0.36	0.64	0.52	0.09	-0.35	0.77	0.73	0.64	0.28	0.74	0.12
Non Current Assets Total	0.98	0.89	0.93	0.99	0.97	0.96	-0.11	0.99	0.72		-0.22	0.6	0.93	0.98	-0.48	0.45	0.92	0.82	-0.04	0.06	0.99	0.89	0.98	0.3	0.96	0.27
Non Currrent Assets Other	-0.09	-0.31	-0.36	-0.18	-0.05	-0.24	0.23	-0.11	-0.36	-0.22		0.26	0.07	-0.28	0.14	0.42	-0.17	-0.02	0.51	0.72	-0.19	0.1	-0.23	0.26	-0.21	0.05
Cash And Short Term Investments	0.73	0.4	0.54	0.66	0.76	0.69	-0.39	0.64	0.59	0.6	0.26		0.74	0.46	-0.59	0.96	0.44	0.32	0.28	0.22	0.65	0.87	0.48	0.3	0.7	-0.3
Net Receivables	0.97	0.8	0.78	0.95	0.97	0.91	-0.2	0.97	0.71	0.93	0.07	0.74		0.85	-0.46	0.62	0.85	0.81	0.09	0.23	0.94	0.97	0.87	0.43	0.91	0.27
Good Will	0.93	0.89	0.94	0.94	0.91	0.89	0.02	0.95	0.64	0.98	-0.28	0.46	0.85		-0.44	0.33	0.93	0.81	-0.15	0.03	0.96	0.8	1.0	0.19	0.92	0.29
Common Stock Shares Outstanding	-0.52	-0.18	-0.51	-0.49	-0.53	-0.53	0.15	-0.46	-0.39	-0.48	0.14	-0.59	-0.46	-0.44		-0.55	-0.15	0.02	0.04	0.02	-0.49	-0.53	-0.43	0.06	-0.55	0.33
Short Term Investments	0.6	0.21	0.4	0.51	0.64	0.56	-0.21	0.5	0.36	0.45	0.42	0.96	0.62	0.33	-0.55		0.3	0.2	0.3	0.37	0.5	0.76	0.35	0.26	0.57	-0.39
Non Current Liabilities Total	0.88	0.94	0.85	0.89	0.87	0.82	-0.01	0.91	0.64	0.92	-0.17	0.44	0.85	0.93	-0.15	0.3		0.91	-0.07	0.03	0.91	0.78	0.93	0.22	0.87	0.39
Inventory	0.8	0.88	0.65	0.8	0.79	0.75	0.06	0.84	0.52	0.82	-0.02	0.32	0.81	0.81	0.02	0.2	0.91		0.09	0.14	0.8	0.72	0.82	0.44	0.74	0.6
Other Current Assets	0.06	-0.03	-0.18	0.02	0.08	-0.01	-0.21	0.02	0.09	-0.04	0.51	0.28	0.09	-0.15	0.04	0.3	-0.07	0.09		0.21	-0.01	0.19	-0.12	0.28	-0.02	0.11
Other Stockholder Equity	0.12	-0.18	-0.12	0.05	0.15	0.04	0.39	0.1	-0.35	0.06	0.72	0.22	0.23	0.03	0.02	0.37	0.03	0.14	0.21		0.04	0.2	0.07	0.32	-0.07	0.16
Total Liab	0.99	0.89	0.93	1.0	0.98	0.96	-0.18	0.99	0.77	0.99	-0.19	0.65	0.94	0.96	-0.49	0.5	0.91	0.8	-0.01	0.04		0.92	0.96	0.36	0.97	0.23
Total Current Assets	0.97	0.75	0.78	0.93	0.97	0.92	-0.26	0.93	0.73	0.89	0.1	0.87	0.97	0.8	-0.53	0.76	0.78	0.72	0.19	0.2	0.92		0.82	0.41	0.92	0.09
Intangible Assets	0.93	0.89	0.93	0.95	0.92	0.89	0.01	0.96	0.64	0.98	-0.23	0.48	0.87	1.0	-0.43	0.35	0.93	0.82	-0.12	0.07	0.96	0.82		0.21	0.92	0.32
Common Stock	0.36	0.24	0.18	0.41	0.35	0.41	-0.22	0.37	0.28	0.3	0.26	0.3	0.43	0.19	0.06	0.26	0.22	0.44	0.28	0.32	0.36	0.41	0.21		0.24	0.29
Retained Earnings	0.97	0.85	0.92	0.96	0.96	0.95	-0.16	0.95	0.74	0.96	-0.21	0.7	0.91	0.92	-0.55	0.57	0.87	0.74	-0.02	-0.07	0.97	0.92	0.92	0.24		0.08
Current Deferred Revenue	0.2	0.37	0.04	0.24	0.18	0.14	0.1	0.3	0.12	0.27	0.05	-0.3	0.27	0.29	0.33	-0.39	0.39	0.6	0.11	0.16	0.23	0.09	0.32	0.29	0.08

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Pidilite Industries Account Relationship Matchups

Pidilite Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	65.4B	88.3B	95.2B	105.3B	121.0B	127.1B
Short Long Term Debt Total	2.9B	3.3B	4.2B	3.9B	3.8B	2.6B
Other Current Liab	2.1B	11.4B	9.4B	10.6B	14.1B	14.8B
Total Current Liabilities	16.1B	24.3B	23.3B	24.1B	28.0B	29.4B
Total Stockholder Equity	44.6B	55.9B	64.0B	72.1B	84.1B	88.3B
Property Plant And Equipment Net	15.5B	17.4B	19.8B	24.1B	27.0B	28.4B
Net Debt	(4.0B)	(1.1B)	637.6M	803.7M	(1.3B)	(1.3B)
Accounts Payable	6.4B	10.1B	10.5B	10.6B	11.5B	12.0B
Cash	6.9B	4.4B	3.5B	3.1B	5.2B	5.4B
Non Current Assets Total	27.7B	53.2B	55.0B	59.6B	62.7B	65.8B
Non Currrent Assets Other	2.3B	2.4B	2.6B	2.7B	2.0B	1.9B
Cash And Short Term Investments	14.2B	6.3B	5.3B	9.4B	24.0B	25.2B
Net Receivables	11.8B	13.9B	15.0B	16.0B	17.5B	18.3B
Good Will	1.8B	12.8B	12.9B	12.9B	12.8B	13.5B
Common Stock Shares Outstanding	508.2M	508.6M	508.5M	508.7M	509.0M	409.1M
Short Term Investments	7.3B	1.8B	1.7B	6.3B	18.7B	19.6B
Liabilities And Stockholders Equity	65.4B	88.3B	95.2B	105.3B	121.0B	127.1B
Non Current Liabilities Total	2.5B	5.6B	5.9B	6.7B	6.9B	3.8B
Inventory	9.3B	12.3B	17.0B	18.2B	14.1B	7.8B
Other Current Assets	9.6B	2.6B	2.9B	2.9B	2.8B	3.1B
Other Stockholder Equity	648.7M	14.1B	14.2B	14.5B	15.4B	14.1B
Total Liab	18.6B	30.0B	29.1B	30.8B	34.9B	36.6B
Total Current Assets	37.6B	35.2B	40.2B	45.6B	58.4B	61.3B
Accumulated Other Comprehensive Income	(11.3B)	13.8B	13.8B	14.0B	83.6B	87.7B
Intangible Assets	3.3B	16.9B	16.6B	16.2B	16.1B	17.0B
Common Stock	508M	508.1M	508.2M	508.3M	508.6M	491.3M
Retained Earnings	30.0B	41.3B	49.3B	57.1B	68.2B	71.6B
Current Deferred Revenue	5.9B	9.5B	6.9B	10.2B	278.6M	264.7M
Short Term Debt	1.8B	2.4B	3.2B	2.1B	1.9B	1.5B
Other Liab	1.4B	4.7B	4.9B	4.9B	5.7B	6.0B
Net Tangible Assets	39.4B	26.2B	34.6B	43.0B	49.4B	32.9B
Other Assets	2.4B	2.5B	2.8B	1.7B	2.0B	1.9B
Short Long Term Debt	1.5B	2.0B	2.9B	1.6B	1.3B	1.4B
Property Plant Equipment	15.5B	17.4B	19.8B	24.1B	27.7B	15.3B
Long Term Debt	71.1M	85.1M	251.3M	123.9M	17.2M	0.0
Long Term Debt Total	1.1B	930.7M	977.6M	1.8B	2.0B	2.1B
Capital Surpluse	232.1M	260.4M	465.1M	500.5M	450.5M	288.1M
Cash And Equivalents	5.1B	1.9B	1.1B	575.3M	661.6M	628.5M
Net Invested Capital	46.3B	58.1B	66.9B	73.8B	85.4B	64.4B

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Pidilite Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

Pidilite Industries fundamental ratios Correlations

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Intangible Assets	+ 1.0	Good Will
Total Current Liabilities	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Cash	- 0.73	Net Debt
Common Stock Shares Outstanding	- 0.59	Cash And Short Term Investments
Retained Earnings	- 0.55	Common Stock Shares Outstanding
Short Term Investments	- 0.55	Common Stock Shares Outstanding
Total Current Assets	- 0.53	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.53	Property Plant And Equipment Net