RHIM Stock | | | 513.60 19.60 3.68% |
RHI MAGNESITA financial indicator trend analysis is much more than just breaking down RHI MAGNESITA INDIA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RHI MAGNESITA INDIA is a good investment. Please check the relationship between RHI MAGNESITA Net Income and its Cost Of Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RHI MAGNESITA INDIA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Income vs Cost Of Revenue
Net Income vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
RHI MAGNESITA INDIA Net Income account and
Cost Of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between RHI MAGNESITA's Net Income and Cost Of Revenue is -0.48. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of RHI MAGNESITA INDIA, assuming nothing else is changed. The correlation between historical values of RHI MAGNESITA's Net Income and Cost Of 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 Net Income of RHI MAGNESITA INDIA are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., RHI MAGNESITA's Net Income and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in RHI MAGNESITA INDIA financial statement analysis. It represents the amount of money remaining after all of RHI MAGNESITA INDIA operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Cost Of Revenue
Cost of Revenue is found on RHI MAGNESITA INDIA income statement and represents the costs associated with goods and services RHI MAGNESITA 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.
Most indicators from RHI MAGNESITA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RHI MAGNESITA INDIA 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 RHI MAGNESITA INDIA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 524.5
M in 2024, whereas
Tax Provision is likely to drop slightly above 649.9
M in 2024.
RHI MAGNESITA fundamental ratios Correlations
Click cells to compare fundamentals
RHI MAGNESITA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RHI MAGNESITA fundamental ratios Accounts
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Additional Tools for RHI Stock Analysis
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measure RHI MAGNESITA's 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 RHI MAGNESITA is operating at the current time. Most of RHI MAGNESITA's value examination focuses on studying past and present price action to
predict the probability of RHI MAGNESITA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RHI MAGNESITA's price. Additionally, you may evaluate how the addition of RHI MAGNESITA to your portfolios can decrease your overall portfolio volatility.