Tilaknagar Cost Of Revenue vs Tax Provision Analysis

TI Stock   409.00  8.50  2.04%   
Tilaknagar Industries financial indicator trend analysis is much more than just breaking down Tilaknagar Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tilaknagar Industries is a good investment. Please check the relationship between Tilaknagar Industries Cost Of Revenue and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilaknagar 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 board of governors.

Cost Of Revenue vs Tax Provision

Cost Of Revenue vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tilaknagar Industries Cost Of Revenue account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tilaknagar Industries' Cost Of Revenue and Tax Provision is -0.26. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Tilaknagar Industries Limited, assuming nothing else is changed. The correlation between historical values of Tilaknagar Industries' Cost Of Revenue and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Tilaknagar Industries Limited are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Cost Of Revenue i.e., Tilaknagar Industries' Cost Of Revenue and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cost Of Revenue

Cost of Revenue is found on Tilaknagar Industries income statement and represents the costs associated with goods and services Tilaknagar Industries 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.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Tilaknagar Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tilaknagar 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tilaknagar 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 board of governors.
The current year's Issuance Of Capital Stock is expected to grow to about 593.3 M, whereas Selling General Administrative is forecasted to decline to about 133.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.0B5.5B6.2B3.3B
Total Revenue7.8B11.6B13.9B14.6B

Tilaknagar Industries fundamental ratios Correlations

0.170.280.60.270.940.690.360.210.89-0.05-0.130.79-0.190.23-0.130.130.750.050.680.630.910.710.41-0.240.1
0.170.360.63-0.70.340.570.590.250.440.46-0.14-0.050.21-0.13-0.230.18-0.290.560.270.69-0.1-0.09-0.030.42-0.69
0.280.360.59-0.180.330.280.160.60.370.780.26-0.04-0.29-0.050.15-0.40.10.640.450.380.150.19-0.01-0.42-0.18
0.60.630.59-0.470.660.860.550.560.70.550.00.3-0.29-0.06-0.11-0.160.240.670.670.880.390.340.10.16-0.47
0.27-0.7-0.18-0.470.0-0.42-0.51-0.44-0.11-0.530.070.46-0.360.30.21-0.250.6-0.620.16-0.570.560.380.22-0.650.85
0.940.340.330.660.00.790.520.350.990.09-0.140.610.040.12-0.190.320.550.20.550.780.720.590.34-0.09-0.14
0.690.570.280.86-0.420.790.520.370.810.22-0.170.46-0.02-0.16-0.230.250.270.390.480.940.460.510.040.2-0.35
0.360.590.160.55-0.510.520.520.480.60.35-0.360.140.20.35-0.530.33-0.080.480.40.690.07-0.190.460.38-0.77
0.210.250.60.56-0.440.350.370.480.420.550.27-0.21-0.060.170.06-0.020.130.740.190.53-0.02-0.130.29-0.06-0.48
0.890.440.370.7-0.110.990.810.60.420.2-0.140.520.110.12-0.220.340.480.320.540.830.620.50.34-0.04-0.27
-0.050.460.780.55-0.530.090.220.350.550.20.09-0.35-0.05-0.13-0.05-0.35-0.240.860.290.36-0.26-0.25-0.13-0.04-0.55
-0.13-0.140.260.00.07-0.14-0.17-0.360.27-0.140.09-0.51-0.21-0.060.97-0.340.210.15-0.03-0.16-0.09-0.080.0-0.130.09
0.79-0.05-0.040.30.460.610.460.14-0.210.52-0.35-0.51-0.30.21-0.420.090.6-0.350.540.330.880.750.27-0.250.39
-0.190.21-0.29-0.29-0.360.04-0.020.2-0.060.11-0.05-0.21-0.3-0.04-0.230.83-0.36-0.07-0.530.12-0.42-0.30.00.38-0.34
0.23-0.13-0.05-0.060.30.12-0.160.350.170.12-0.13-0.060.21-0.04-0.110.060.42-0.010.41-0.030.3-0.170.96-0.05-0.15
-0.13-0.230.15-0.110.21-0.19-0.23-0.530.06-0.22-0.050.97-0.42-0.23-0.11-0.340.25-0.03-0.06-0.27-0.030.0-0.06-0.170.26
0.130.18-0.4-0.16-0.250.320.250.33-0.020.34-0.35-0.340.090.830.06-0.34-0.13-0.27-0.410.33-0.080.010.180.32-0.23
0.75-0.290.10.240.60.550.27-0.080.130.48-0.240.210.6-0.360.420.25-0.13-0.10.510.170.860.540.52-0.430.43
0.050.560.640.67-0.620.20.390.480.740.320.860.15-0.35-0.07-0.01-0.03-0.27-0.10.340.51-0.21-0.280.040.12-0.67
0.680.270.450.670.160.550.480.40.190.540.29-0.030.54-0.530.41-0.06-0.410.510.340.450.670.360.46-0.13-0.12
0.630.690.380.88-0.570.780.940.690.530.830.36-0.160.330.12-0.03-0.270.330.170.510.450.340.340.180.31-0.56
0.91-0.10.150.390.560.720.460.07-0.020.62-0.26-0.090.88-0.420.3-0.03-0.080.86-0.210.670.340.770.4-0.380.42
0.71-0.090.190.340.380.590.51-0.19-0.130.5-0.25-0.080.75-0.3-0.170.00.010.54-0.280.360.340.77-0.07-0.40.51
0.41-0.03-0.010.10.220.340.040.460.290.34-0.130.00.270.00.96-0.060.180.520.040.460.180.4-0.070.0-0.22
-0.240.42-0.420.16-0.65-0.090.20.38-0.06-0.04-0.04-0.13-0.250.38-0.05-0.170.32-0.430.12-0.130.31-0.38-0.40.0-0.66
0.1-0.69-0.18-0.470.85-0.14-0.35-0.77-0.48-0.27-0.550.090.39-0.34-0.150.26-0.230.43-0.67-0.12-0.560.420.51-0.22-0.66
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Tilaknagar Industries Account Relationship Matchups

Tilaknagar Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.8B10.1B10.1B10.1B10.3B12.2B
Short Long Term Debt Total941.9B11.9B13.4B18.4B1.2B1.2B
Other Current Liab113.4M127.6M129.1M122.4M778.0M591.2M
Total Current Liabilities3.6B3.9B4.4B4.3B2.6B2.4B
Total Stockholder Equity(173.7M)(557.2M)1.3B3.0B6.5B6.9B
Property Plant And Equipment Net6.0B5.7B5.4B4.2B4.0B5.8B
Net Debt5.6B5.6B5.4B2.2B1.1B1.1B
Accounts Payable1.6B1.5B1.7B1.3B1.2B1.3B
Cash184.2M259.4M427.4M348.1M103.2M98.0M
Non Current Assets Total7.1B6.7B5.9B4.6B4.4B6.4B
Non Currrent Assets Other(4K)708.6M1K64.6M424.6M510.8M
Cash And Short Term Investments206.7M292.4M874.0M739.5M427.6M756.1M
Net Receivables2.4B1.8B2.4B3.4B4.2B3.0B
Common Stock Shares Outstanding125.5M125.2M146.7M175.1M192.9M132.2M
Short Term Investments22.5M32.9M446.6M391.4M324.4M591.4M
Liabilities And Stockholders Equity10.8B10.1B10.1B10.1B10.3B12.2B
Non Current Liabilities Total7.4B6.8B4.4B2.8B1.2B1.2B
Inventory601.0M720.8M723.2M1.2B1.0B1.0B
Other Current Assets302.9M375.9M233.2M224.9M264.4M251.1M
Other Stockholder Equity2.0B2.0B3.0B2.6B5.1B3.6B
Total Liab11.0B10.7B8.8B7.1B3.8B3.6B
Total Current Assets3.7B3.4B4.2B5.5B5.9B5.8B
Accumulated Other Comprehensive Income(2.9B)192.8M330.4M311.0M243.2M255.3M
Intangible Assets4.0M3.6M3.4M3.1M4.5M4.3M
Retained Earnings(3.6B)(4.0B)(3.6B)(1.8B)(743.9M)(781.1M)
Short Term Debt886.8M1.2B2.0B2.3B565.2M536.9M
Other Liab1.5B2.5B2.2B594.5M683.6M649.4M
Net Tangible Assets(3.1B)(177.8M)(560.8M)1.3B1.2B736.2M
Other Assets1.0B1.0B362.3M3.2B2.9B2.8B
Long Term Debt882.1B724.1B20M240.1M631.0M599.5M
Short Long Term Debt881.8M558.1M2.0B2.3B561.5M533.4M
Property Plant Equipment6.0B5.7B5.4B27.6B24.8B23.6B
Long Term Debt Total941.0B10.7B11.4B16.1B14.5B13.7B
Capital Surpluse277.8B309.7B1.4B1.4B1.3B1.2B
Capital Lease Obligations10.7M5.6M2.0M24.2M21.9M23.0M

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Other Information on Investing in Tilaknagar Stock

Balance Sheet is a snapshot of the financial position of Tilaknagar Industries at a specified time, usually calculated after every quarter, six months, or one year. Tilaknagar Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tilaknagar Industries 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 Tilaknagar currently owns. An asset can also be divided into two categories, current and non-current.