Vishnu Change To Account Receivables vs Depreciation Analysis

VISHNU Stock   397.80  2.05  0.51%   
Vishnu Chemicals financial indicator trend analysis is much more than just breaking down Vishnu Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vishnu Chemicals is a good investment. Please check the relationship between Vishnu Chemicals Change To Account Receivables and its Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vishnu Chemicals 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.

Change To Account Receivables vs Depreciation

Change To Account Receivables vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vishnu Chemicals Change To Account Receivables account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Vishnu Chemicals' Change To Account Receivables and Depreciation is -0.36. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Depreciation in the same time period over historical financial statements of Vishnu Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Vishnu Chemicals' Change To Account Receivables and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Vishnu Chemicals Limited are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Account Receivables i.e., Vishnu Chemicals' Change To Account Receivables and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Account Receivables

Depreciation

Depreciation indicates how much of Vishnu Chemicals value has been used up. For tax purposes Vishnu Chemicals can deduct the cost of the tangible assets it purchases as business expenses. However, Vishnu Chemicals Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Vishnu Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vishnu Chemicals 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 Vishnu Chemicals 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.
At present, Vishnu Chemicals' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 447.7 M, whereas Issuance Of Capital Stock is forecasted to decline to about 1.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit3.9B4.9B3.0B2.3B
Total Revenue10.7B13.9B12.1B12.7B

Vishnu Chemicals fundamental ratios Correlations

0.71-0.420.710.910.840.710.670.830.090.760.720.730.690.970.35-0.710.740.99-0.530.750.730.420.90.820.75
0.71-0.660.890.390.810.970.00.81-0.190.110.770.090.960.680.47-0.220.970.7-0.620.780.090.780.450.830.94
-0.42-0.66-0.38-0.26-0.38-0.65-0.07-0.370.36-0.09-0.43-0.16-0.6-0.45-0.170.25-0.5-0.450.51-0.34-0.14-0.55-0.29-0.45-0.63
0.710.89-0.380.410.860.840.130.870.060.20.790.120.810.690.34-0.20.970.7-0.370.850.160.640.420.840.85
0.910.39-0.260.410.670.430.860.670.230.940.550.890.370.880.24-0.830.420.91-0.40.550.90.080.970.640.46
0.840.81-0.380.860.670.820.331.00.150.460.850.320.770.760.46-0.460.870.8-0.50.840.40.420.720.880.74
0.710.97-0.650.840.430.820.010.83-0.020.170.750.090.930.650.59-0.190.920.69-0.560.770.080.690.510.790.88
0.670.0-0.070.130.860.330.010.320.250.960.220.95-0.030.72-0.12-0.810.070.7-0.10.240.98-0.120.750.350.18
0.830.81-0.370.870.671.00.830.320.150.450.860.310.770.750.46-0.450.870.79-0.490.850.390.430.710.880.74
0.09-0.190.360.060.230.15-0.020.250.150.360.030.07-0.330.030.190.09-0.10.060.580.180.12-0.440.21-0.04-0.24
0.760.11-0.090.20.940.460.170.960.450.360.310.930.080.760.12-0.810.160.77-0.180.330.96-0.130.870.440.23
0.720.77-0.430.790.550.850.750.220.860.030.310.220.740.630.14-0.270.810.72-0.410.890.280.450.580.810.67
0.730.09-0.160.120.890.320.090.950.310.070.930.220.10.76-0.04-0.850.120.75-0.30.240.980.00.810.390.27
0.690.96-0.60.810.370.770.93-0.030.77-0.330.080.740.10.640.48-0.230.930.67-0.680.70.080.790.450.770.91
0.970.68-0.450.690.880.760.650.720.750.030.760.630.760.640.27-0.740.70.98-0.50.650.760.430.840.790.77
0.350.47-0.170.340.240.460.59-0.120.460.190.120.14-0.040.480.27-0.140.410.3-0.380.25-0.060.130.370.360.35
-0.71-0.220.25-0.2-0.83-0.46-0.19-0.81-0.450.09-0.81-0.27-0.85-0.23-0.74-0.14-0.23-0.720.48-0.25-0.88-0.09-0.76-0.43-0.35
0.740.97-0.50.970.420.870.920.070.87-0.10.160.810.120.930.70.41-0.230.72-0.520.830.140.740.450.850.91
0.990.7-0.450.70.910.80.690.70.790.060.770.720.750.670.980.3-0.720.72-0.520.720.750.420.890.820.75
-0.53-0.620.51-0.37-0.4-0.5-0.56-0.1-0.490.58-0.18-0.41-0.3-0.68-0.5-0.380.48-0.52-0.52-0.32-0.29-0.52-0.49-0.69-0.65
0.750.78-0.340.850.550.840.770.240.850.180.330.890.240.70.650.25-0.250.830.72-0.320.270.520.590.810.71
0.730.09-0.140.160.90.40.080.980.390.120.960.280.980.080.76-0.06-0.880.140.75-0.290.27-0.050.810.450.26
0.420.78-0.550.640.080.420.69-0.120.43-0.44-0.130.450.00.790.430.13-0.090.740.42-0.520.52-0.050.080.530.85
0.90.45-0.290.420.970.720.510.750.710.210.870.580.810.450.840.37-0.760.450.89-0.490.590.810.080.680.47
0.820.83-0.450.840.640.880.790.350.88-0.040.440.810.390.770.790.36-0.430.850.82-0.690.810.450.530.680.84
0.750.94-0.630.850.460.740.880.180.74-0.240.230.670.270.910.770.35-0.350.910.75-0.650.710.260.850.470.84
Click cells to compare fundamentals

Vishnu Chemicals Account Relationship Matchups

Vishnu Chemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.5B7.7B9.1B10.5B13.3B13.9B
Short Long Term Debt Total3.5B3.4B3.6B3.8B3.2B2.6B
Other Current Liab776K21.7M41.7M192.4M90.0M85.5M
Total Current Liabilities3.4B3.3B3.7B3.7B4.2B2.6B
Total Stockholder Equity1.6B2.0B2.8B4.1B7.0B7.4B
Property Plant And Equipment Net3.7B4.1B4.7B5.6B6.5B3.5B
Net Debt2.6B2.6B2.9B3.8B2.5B2.2B
Cash39.0M3.2M3.4M6.6M605.0M635.2M
Non Current Assets Total3.9B4.2B5.0B5.8B6.7B3.6B
Cash And Short Term Investments39.0M3.2M28.0M234.7M617.1M647.9M
Net Receivables918.4M1.6B2.5B1.8B2.3B1.3B
Liabilities And Stockholders Equity7.5B7.7B9.1B10.5B13.3B13.9B
Non Current Liabilities Total2.5B2.5B2.7B2.7B2.1B2.0B
Inventory2.1B1.9B1.7B2.1B3.4B3.5B
Other Current Assets1.5B1K13.3M2.6B250.7M322.8M
Other Stockholder Equity(1.4B)(1K)272.3M1K(4.7B)(4.5B)
Total Liab5.9B5.8B6.4B6.4B6.2B4.6B
Total Current Assets3.6B3.5B4.2B4.7B6.6B6.9B
Accumulated Other Comprehensive Income(2.1B)267.0M272.3M305.6M6.9B7.2B
Other Assets139.8M120.7M284.7M198.5M228.3M153.0M
Current Deferred Revenue355.3M279.3M366.8M173.4M141.0M259.6M
Retained Earnings1.2B1.6B2.4B3.7B4.7B4.9B
Accounts Payable1.4B1.4B1.7B1.8B2.3B1.5B
Short Term Debt1.7B1.6B1.6B1.6B1.7B1.6B
Other Liab772.4M735.7M740.9M608.9M548.0M599.9M
Net Tangible Assets1.4B1.6B2.0B2.8B3.2B3.3B
Long Term Debt1.7B1.7B2.1B2.2B1.5B1.6B
Short Long Term Debt1.7B1.3B1.6B1.6B1.6B1.5B
Property Plant Equipment3.7B4.1B4.7B5.6B6.5B4.0B
Long Term Debt Total1.7B1.7B2.1B2.2B2.6B1.9B
Capital Lease Obligations36.8M26.9M14.5M8.6M2.1M2.0M
Non Current Liabilities Other289.2M333.8M152.4M(1K)2.1M2.0M

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Other Information on Investing in Vishnu Stock

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