Vibhor Other Current Assets vs Total Stockholder Equity Analysis

VSTL Stock   224.05  1.50  0.67%   
Vibhor Steel financial indicator trend analysis is much more than just breaking down Vibhor Steel Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vibhor Steel Tubes is a good investment. Please check the relationship between Vibhor Steel Other Current Assets and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vibhor Steel Tubes. 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.

Other Current Assets vs Total Stockholder Equity

Other Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vibhor Steel Tubes Other Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vibhor Steel's Other Current Assets and Total Stockholder Equity is 0.53. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Vibhor Steel Tubes, assuming nothing else is changed. The correlation between historical values of Vibhor Steel's Other Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Vibhor Steel Tubes are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Current Assets i.e., Vibhor Steel's Other Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Vibhor Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vibhor Steel Tubes 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 Vibhor Steel Tubes. 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.
Selling General Administrative is likely to gain to about 222.3 M in 2024, whereas Tax Provision is likely to drop slightly above 53.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit560.9M1.0B1.1B833.1M
Total Revenue8.2B11.1B10.7B9.0B

Vibhor Steel fundamental ratios Correlations

0.87-0.220.920.960.890.770.870.980.980.650.90.80.80.790.87-0.460.980.670.930.990.870.870.90.810.96
0.87-0.30.930.70.590.761.00.850.80.780.590.550.750.920.54-0.380.870.840.990.920.920.540.870.790.88
-0.22-0.3-0.52-0.180.08-0.76-0.28-0.38-0.13-0.420.060.0-0.74-0.090.040.86-0.07-0.67-0.26-0.29-0.590.04-0.54-0.35-0.47
0.920.93-0.520.80.650.930.930.940.860.80.660.660.930.80.65-0.670.860.860.950.950.990.650.980.820.98
0.960.7-0.180.80.960.690.70.950.960.480.970.840.740.630.95-0.470.930.530.790.920.750.950.810.750.9
0.890.590.080.650.960.480.60.850.910.31.00.850.540.590.97-0.260.890.350.690.830.580.970.640.690.77
0.770.76-0.760.930.690.480.750.850.710.740.50.581.00.580.53-0.890.650.850.770.810.950.530.940.730.91
0.871.0-0.280.930.70.60.750.850.790.740.610.550.740.940.54-0.360.880.840.990.920.910.540.850.820.88
0.980.85-0.380.940.950.850.850.850.930.60.860.790.880.770.83-0.610.920.770.90.970.910.830.910.880.99
0.980.8-0.130.860.960.910.710.790.930.670.910.860.740.680.92-0.430.970.520.880.960.80.920.880.680.91
0.650.78-0.420.80.480.30.740.740.60.670.310.420.710.510.37-0.490.630.560.780.720.790.370.860.330.71
0.90.590.060.660.971.00.50.610.860.910.310.850.560.590.97-0.280.890.370.70.840.590.970.660.70.78
0.80.550.00.660.840.850.580.550.790.860.420.850.620.560.94-0.470.750.360.650.760.60.940.690.640.73
0.80.75-0.740.930.740.541.00.740.880.740.710.560.620.580.59-0.880.680.840.770.830.950.590.940.760.93
0.790.92-0.090.80.630.590.580.940.770.680.510.590.560.580.51-0.220.80.80.90.810.780.510.670.870.76
0.870.540.040.650.950.970.530.540.830.920.370.970.940.590.51-0.370.850.30.660.810.581.00.680.620.76
-0.46-0.380.86-0.67-0.47-0.26-0.89-0.36-0.61-0.43-0.49-0.28-0.47-0.88-0.22-0.37-0.29-0.65-0.4-0.5-0.7-0.37-0.71-0.51-0.66
0.980.87-0.070.860.930.890.650.880.920.970.630.890.750.680.80.85-0.290.590.930.970.80.850.840.750.9
0.670.84-0.670.860.530.350.850.840.770.520.560.370.360.840.80.3-0.650.590.790.740.910.30.760.870.81
0.930.99-0.260.950.790.690.770.990.90.880.780.70.650.770.90.66-0.40.930.790.960.920.660.90.790.92
0.990.92-0.290.950.920.830.810.920.970.960.720.840.760.830.810.81-0.50.970.740.960.920.810.930.820.98
0.870.92-0.590.990.750.580.950.910.910.80.790.590.60.950.780.58-0.70.80.910.920.920.580.960.820.96
0.870.540.040.650.950.970.530.540.830.920.370.970.940.590.511.0-0.370.850.30.660.810.580.680.620.76
0.90.87-0.540.980.810.640.940.850.910.880.860.660.690.940.670.68-0.710.840.760.90.930.960.680.70.96
0.810.79-0.350.820.750.690.730.820.880.680.330.70.640.760.870.62-0.510.750.870.790.820.820.620.70.84
0.960.88-0.470.980.90.770.910.880.990.910.710.780.730.930.760.76-0.660.90.810.920.980.960.760.960.84
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Vibhor Steel Account Relationship Matchups

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