Vibhor Property Plant And Equipment Net vs Other Current Assets 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 Property Plant And Equipment Net and its Other Current Assets 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.

Property Plant And Equipment Net vs Other Current Assets

Property Plant And Equipment Net vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vibhor Steel Tubes Property Plant And Equipment Net account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Vibhor Steel's Property Plant And Equipment Net and Other Current Assets is 0.35. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Other Current Assets 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 Property Plant And Equipment Net and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Vibhor Steel Tubes are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Property Plant And Equipment Net i.e., Vibhor Steel's Property Plant And Equipment Net and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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.
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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