| RDY Stock | | | USD 14.20 0.21 1.50% |
Dr Reddys financial indicator trend analysis is much more than just examining Dr Reddys Laboratories latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dr Reddys Laboratories is a good investment. Please check the relationship between Dr Reddys Net Income and its Gross Profit accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Dr Reddys Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dr Reddys Laboratories Net Income account and
Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Dr Reddys' Net Income and Gross Profit is 0.9. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Dr Reddys Laboratories, assuming nothing else is changed. The correlation between historical values of Dr Reddys' Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Dr Reddys Laboratories are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., Dr Reddys' Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Dr Reddys Laboratories financial statement analysis. It represents the amount of money remaining after all of Dr Reddys Laboratories operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Dr Reddys Laboratories minus its cost of goods sold. It is profit before Dr Reddys operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Dr Reddys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dr Reddys Laboratories 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 Dr Reddys Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, Dr Reddys'
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 845.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 73.3
B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 113.8B | 203.0B | 163.6B | 171.8B | Total Revenue | 214.4B | 245.9B | 279.2B | 293.1B |
Dr Reddys fundamental ratios Correlations
Click cells to compare fundamentals
Dr Reddys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dr Reddys fundamental ratios Accounts
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Additional Tools for RDY Stock Analysis
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measure Dr Reddys' 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 Dr Reddys is operating at the current time. Most of Dr Reddys' value examination focuses on studying past and present price action to
predict the probability of Dr Reddys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dr Reddys' price. Additionally, you may evaluate how the addition of Dr Reddys to your portfolios can decrease your overall portfolio volatility.