ULTRACEMCO | | | 11,202 136.15 1.23% |
UltraTech Cement financial indicator trend analysis is much more than just breaking down UltraTech Cement prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UltraTech Cement is a good investment. Please check the relationship between UltraTech Cement Selling General Administrative and its Cost Of Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in UltraTech Cement 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 nation.
Selling General Administrative vs Cost Of Revenue
Selling General Administrative vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
UltraTech Cement Selling General Administrative account and
Cost Of Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between UltraTech Cement's Selling General Administrative and Cost Of Revenue is -0.06. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of UltraTech Cement Limited, assuming nothing else is changed. The correlation between historical values of UltraTech Cement's Selling General Administrative 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 Selling General Administrative of UltraTech Cement Limited 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 Selling General Administrative i.e., UltraTech Cement's Selling General Administrative and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling General Administrative
Cost Of Revenue
Cost of Revenue is found on UltraTech Cement income statement and represents the costs associated with goods and services UltraTech Cement 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 UltraTech Cement's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UltraTech Cement 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 UltraTech Cement 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 nation.
As of November 30, 2024, Selling General Administrative is expected to decline to about 1.7
B. In addition to that,
Tax Provision is expected to decline to about 14.9
BUltraTech Cement fundamental ratios Correlations
Click cells to compare fundamentals
UltraTech Cement Account Relationship Matchups
High Positive Relationship
High Negative Relationship
UltraTech Cement fundamental ratios Accounts
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Other Information on Investing in UltraTech Stock
Balance Sheet is a snapshot of the
financial position of UltraTech Cement at a specified time, usually calculated after every quarter, six months, or one year. UltraTech Cement Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of UltraTech Cement 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 UltraTech currently owns. An asset can also be divided into two categories, current and non-current.