| UMESLTD Stock | | | 7.19 0.32 4.26% |
Usha Martin financial indicator trend analysis is much more than just breaking down Usha Martin Education prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Usha Martin Education is a good investment. Please check the relationship between Usha Martin Tax Provision and its Net Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Usha Martin Education. 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.
Tax Provision vs Net Income
Tax Provision vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Usha Martin Education Tax Provision account and
Net Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Usha Martin's Tax Provision and Net Income is 0.23. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of Usha Martin Education, assuming nothing else is changed. The correlation between historical values of Usha Martin's Tax Provision 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 Tax Provision of Usha Martin Education 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 Tax Provision i.e., Usha Martin's Tax Provision and Net Income go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Usha Martin Education financial statement analysis. It represents the amount of money remaining after all of Usha Martin Education operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Usha Martin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Usha Martin Education 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 Usha Martin Education. 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.
The current year's Tax Provision is expected to grow to about 2
M, whereas
Selling General Administrative is forecasted to decline to about 2.3
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Income | 1.6M | 520.1K | 598.1K | 856.1K | Tax Provision | 38K | 151.9K | 1.9M | 2.0M |
Usha Martin fundamental ratios Correlations
Click cells to compare fundamentals
Usha Martin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Usha Martin fundamental ratios Accounts
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Other Information on Investing in Usha Stock
Balance Sheet is a snapshot of the
financial position of Usha Martin Education at a specified time, usually calculated after every quarter, six months, or one year. Usha Martin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Usha Martin 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 Usha currently owns. An asset can also be divided into two categories, current and non-current.