TTK Research Development vs Net Income Analysis

TTKHLTCARE   1,454  4.35  0.30%   
TTK Healthcare financial indicator trend analysis is much more than just breaking down TTK Healthcare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TTK Healthcare is a good investment. Please check the relationship between TTK Healthcare Research Development and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TTK Healthcare 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.

Research Development vs Net Income

Research Development vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TTK Healthcare Research Development account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TTK Healthcare's Research Development and Net Income is -0.06. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Net Income in the same time period over historical financial statements of TTK Healthcare Limited, assuming nothing else is changed. The correlation between historical values of TTK Healthcare's Research Development and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of TTK Healthcare Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Research Development i.e., TTK Healthcare's Research Development and Net Income go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Research Development

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in TTK Healthcare financial statement analysis. It represents the amount of money remaining after all of TTK Healthcare Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from TTK Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TTK Healthcare 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 TTK Healthcare 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.
As of November 28, 2024, Selling General Administrative is expected to decline to about 92.5 M. In addition to that, Tax Provision is expected to decline to about 113 M
 2021 2022 2023 2024 (projected)
Gross Profit3.1B3.8B2.7B2.5B
Total Revenue6.0B7.3B7.5B4.8B

TTK Healthcare fundamental ratios Correlations

-0.110.390.591.00.10.520.980.6-0.550.280.770.990.750.99-0.670.910.870.270.571.0-0.740.62-0.120.160.1
-0.11-0.020.1-0.140.630.1-0.16-0.060.160.53-0.1-0.18-0.17-0.190.23-0.09-0.02-0.380.15-0.160.40.010.12-0.420.8
0.39-0.020.710.330.36-0.120.310.290.120.340.170.350.250.32-0.170.520.30.430.750.37-0.440.320.160.26-0.04
0.590.10.710.520.550.510.450.86-0.480.690.160.50.210.52-0.590.780.730.20.990.55-0.40.850.530.370.27
1.0-0.140.330.520.040.50.990.55-0.540.230.790.990.770.99-0.650.880.840.260.51.0-0.740.58-0.180.140.08
0.10.630.360.550.040.29-0.020.34-0.120.93-0.05-0.04-0.07-0.02-0.110.320.370.190.580.020.110.430.39-0.250.69
0.520.1-0.120.510.50.290.440.82-0.970.530.30.440.270.51-0.630.610.76-0.120.470.48-0.340.80.330.150.36
0.98-0.160.310.450.99-0.020.440.48-0.490.150.80.990.780.99-0.60.830.790.270.430.99-0.750.5-0.250.130.04
0.6-0.060.290.860.550.340.820.48-0.820.570.160.520.180.57-0.70.760.80.040.820.57-0.430.940.570.460.2
-0.550.160.12-0.48-0.54-0.12-0.97-0.49-0.82-0.39-0.34-0.49-0.32-0.570.69-0.64-0.770.01-0.42-0.530.45-0.79-0.28-0.25-0.16
0.280.530.340.690.230.930.530.150.57-0.390.10.140.10.17-0.310.510.560.120.70.2-0.030.70.42-0.190.64
0.77-0.10.170.160.79-0.050.30.80.16-0.340.10.760.970.75-0.490.660.590.370.140.77-0.540.32-0.65-0.180.06
0.99-0.180.350.50.99-0.040.440.990.52-0.490.140.760.751.0-0.610.840.790.250.471.0-0.770.52-0.190.20.01
0.75-0.170.250.210.77-0.070.270.780.18-0.320.10.970.750.74-0.460.640.560.380.180.75-0.570.36-0.64-0.15-0.03
0.99-0.190.320.520.99-0.020.510.990.57-0.570.170.751.00.74-0.650.860.830.240.491.0-0.780.57-0.150.210.02
-0.670.23-0.17-0.59-0.65-0.11-0.63-0.6-0.70.69-0.31-0.49-0.61-0.46-0.65-0.71-0.84-0.16-0.49-0.660.32-0.74-0.13-0.15-0.3
0.91-0.090.520.780.880.320.610.830.76-0.640.510.660.840.640.86-0.710.920.370.770.88-0.690.790.10.210.15
0.87-0.020.30.730.840.370.760.790.8-0.770.560.590.790.560.83-0.840.920.280.680.83-0.550.830.150.130.36
0.27-0.380.430.20.260.19-0.120.270.040.010.120.370.250.380.24-0.160.370.280.210.27-0.390.06-0.320.28-0.17
0.570.150.750.990.50.580.470.430.82-0.420.70.140.470.180.49-0.490.770.680.210.53-0.410.80.530.370.26
1.0-0.160.370.551.00.020.480.990.57-0.530.20.771.00.751.0-0.660.880.830.270.53-0.760.58-0.150.190.05
-0.740.4-0.44-0.4-0.740.11-0.34-0.75-0.430.45-0.03-0.54-0.77-0.57-0.780.32-0.69-0.55-0.39-0.41-0.76-0.360.11-0.370.31
0.620.010.320.850.580.430.80.50.94-0.790.70.320.520.360.57-0.740.790.830.060.80.58-0.360.430.20.26
-0.120.120.160.53-0.180.390.33-0.250.57-0.280.42-0.65-0.19-0.64-0.15-0.130.10.15-0.320.53-0.150.110.430.310.15
0.16-0.420.260.370.14-0.250.150.130.46-0.25-0.19-0.180.2-0.150.21-0.150.210.130.280.370.19-0.370.20.31-0.38
0.10.8-0.040.270.080.690.360.040.2-0.160.640.060.01-0.030.02-0.30.150.36-0.170.260.050.310.260.15-0.38
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TTK Healthcare Account Relationship Matchups

TTK Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.3B4.9B5.6B11.7B12.0B12.6B
Short Long Term Debt Total298.4M191.4M222.1M273.3M228.1M261.3M
Other Current Liab556.9M710.1M931.1M709.0M880.6M556.6M
Total Current Liabilities1.7B1.9B2.2B2.1B2.0B1.3B
Total Stockholder Equity2.5B2.9B3.3B9.5B10.0B10.5B
Property Plant And Equipment Net973.5M861.2M804.8M739.4M755.9M697.3M
Net Debt223.1M95.9M73.5M180.1M118.5M124.4M
Retained Earnings1.3B1.7B2.0B8.3B8.7B9.2B
Accounts Payable865.1M976.1M1.0B1.1B857.4M589.4M
Cash75.3M95.5M148.6M93.2M109.6M104.1M
Non Current Assets Total1.3B1.2B1.1B1.0B1.2B910.6M
Non Currrent Assets Other230.0M135.1M70.3M128.5M8.4B8.8B
Cash And Short Term Investments1.3B2.3B2.7B8.7B8.5B8.9B
Short Term Investments1.2B2.2B2.6B8.6B8.3B8.8B
Liabilities And Stockholders Equity4.3B4.9B5.6B11.7B12.0B12.6B
Non Current Liabilities Total107.1M108.6M83.8M59.5M38.6M36.7M
Inventory716.4M703.0M789.2M845.1M969.9M1.0B
Other Current Assets946.0M774.2M966.0M1.3B1.4B1.4B
Total Liab1.8B2.0B2.3B2.2B2.0B1.5B
Total Current Assets3.0B3.7B4.5B10.7B10.8B11.3B
Accumulated Other Comprehensive Income(595.6M)1.0B1.0B1.0B1.0B1.1B
Intangible Assets2.4M1.5M863K366K58K55.1K
Net Receivables824.3M667.4M858.5M921.0M(4.5M)(4.3M)
Current Deferred Revenue(285.8M)684.7M908.1M565.7M6.1M5.8M
Short Term Debt285.8M179.9M208.7M261.1M220.1M280.1M
Other Liab69.7M94.5M97.0M70.4M63.4M70.3M
Net Tangible Assets2.5B2.5B2.9B3.3B3.8B2.6B
Other Assets273.3M204.4M144.4M46.9M53.9M51.2M
Long Term Debt Total12.6M11.6M13.4M12.1M14.0M10.8M
Short Long Term Debt281.3M176.0M203.8M255.3M214.7M199.5M
Property Plant Equipment971.8M856.4M803.7M739.4M665.5M751.6M
Capital Lease Obligations17.1M15.5M18.3M18.0M13.4M14.9M
Net Invested Capital2.8B3.1B3.5B9.8B10.2B5.5B
Net Working Capital1.3B1.9B2.3B8.6B8.8B9.3B

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Other Information on Investing in TTK Stock

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