QUESS Stock | | | 651.60 3.55 0.55% |
Quess Corp financial indicator trend analysis is much more than just breaking down Quess Corp Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quess Corp Limited is a good investment. Please check the relationship between Quess Corp Retained Earnings and its Current Deferred Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quess Corp 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 state.
Retained Earnings vs Current Deferred Revenue
Retained Earnings vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Quess Corp Limited Retained Earnings account and
Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Quess Corp's Retained Earnings and Current Deferred Revenue is 0.41. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Quess Corp Limited, assuming nothing else is changed. The correlation between historical values of Quess Corp's Retained Earnings and Current Deferred 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 Retained Earnings of Quess Corp Limited are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Retained Earnings i.e., Quess Corp's Retained Earnings and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Quess Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quess Corp Limited 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 Quess Corp 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 state.
As of the 27th of November 2024,
Selling General Administrative is likely to grow to about 1.1
B, while
Tax Provision is likely to drop about 140.7
M.
Quess Corp fundamental ratios Correlations
Click cells to compare fundamentals
Quess Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quess Corp fundamental ratios Accounts
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Other Information on Investing in Quess Stock
Balance Sheet is a snapshot of the
financial position of Quess Corp Limited at a specified time, usually calculated after every quarter, six months, or one year. Quess Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Quess Corp 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 Quess currently owns. An asset can also be divided into two categories, current and non-current.