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 Other Operating Expenses and its Total Revenue 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.
Other Operating Expenses vs Total Revenue
Other Operating Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pidilite Industries Other Operating Expenses account and
Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Pidilite Industries' Other Operating Expenses and Total Revenue is 1.0. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Revenue 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' Other Operating Expenses and Total 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 Other Operating Expenses of Pidilite Industries Limited are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Other Operating Expenses i.e., Pidilite Industries' Other Operating Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Pidilite Industries. It is also known as Pidilite Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Total Revenue
Total revenue comprises all receipts Pidilite Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 |
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
Also Currently Popular
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.
Additional Tools for Pidilite Stock Analysis
When running Pidilite Industries' price analysis, check to
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.