ABBOTINDIA | | | 27,723 345.10 1.26% |
Abbott India financial indicator trend analysis is way more than just evaluating Abbott India Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abbott India Limited is a good investment. Please check the relationship between Abbott India Net Income and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott India 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 estimate.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Abbott India Limited Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Abbott India's Net Income and Capital Expenditures is 0.88. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Abbott India Limited, assuming nothing else is changed. The correlation between historical values of Abbott India's Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Abbott India Limited are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Abbott India's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Abbott India Limited financial statement analysis. It represents the amount of money remaining after all of Abbott India Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by Abbott India Limited to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Abbott India operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Abbott India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abbott India Limited 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott India 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 estimate.
As of the 1st of December 2024,
Selling General Administrative is likely to drop to about 751.7
M. In addition to that,
Tax Provision is likely to drop to about 2.7
BAbbott India fundamental ratios Correlations
Click cells to compare fundamentals
Abbott India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abbott India fundamental ratios Accounts
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Other Information on Investing in Abbott Stock
Balance Sheet is a snapshot of the
financial position of Abbott India Limited at a specified time, usually calculated after every quarter, six months, or one year. Abbott India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Abbott India 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 Abbott currently owns. An asset can also be divided into two categories, current and non-current.