Apollo Current Deferred Revenue vs Total Stockholder Equity Analysis

APOLLOTYRE   541.35  0.15  0.03%   
Apollo Tyres financial indicator trend analysis is way more than just evaluating Apollo Tyres Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apollo Tyres Limited is a good investment. Please check the relationship between Apollo Tyres Current Deferred Revenue and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollo Tyres 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 bureau of economic analysis.

Current Deferred Revenue vs Total Stockholder Equity

Current Deferred Revenue vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apollo Tyres Limited Current Deferred Revenue account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Apollo Tyres' Current Deferred Revenue and Total Stockholder Equity is 0.57. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Apollo Tyres Limited, assuming nothing else is changed. The correlation between historical values of Apollo Tyres' Current Deferred Revenue 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 Current Deferred Revenue of Apollo Tyres Limited 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 Current Deferred Revenue i.e., Apollo Tyres' Current Deferred Revenue and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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 Apollo Tyres' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apollo Tyres 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 Apollo Tyres 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 bureau of economic analysis.
Selling General Administrative is likely to gain to about 31.6 B in 2024. Tax Provision is likely to gain to about 8.6 B in 2024
 2021 2022 2023 2024 (projected)
Interest Expense4.3B5.3B5.1B5.3B
Depreciation And Amortization14.0B14.2B14.8B15.5B

Apollo Tyres fundamental ratios Correlations

0.920.60.970.860.910.90.740.960.840.920.280.770.640.390.890.570.950.960.36-0.20.990.950.90.910.57
0.920.560.880.740.881.00.590.880.710.880.220.670.410.250.730.50.990.840.28-0.260.970.790.850.760.56
0.60.560.680.640.680.530.570.70.580.66-0.310.590.620.10.650.50.570.580.47-0.110.640.640.560.690.19
0.970.880.680.810.870.850.70.960.820.870.20.750.690.420.90.550.880.960.44-0.060.960.960.820.90.5
0.860.740.640.810.960.710.970.830.760.960.150.680.850.370.850.520.790.830.42-0.190.820.840.950.890.57
0.910.880.680.870.960.860.890.890.761.00.130.690.720.290.830.530.910.850.41-0.240.910.840.970.870.58
0.91.00.530.850.710.860.560.860.650.860.230.630.380.210.70.480.980.820.29-0.270.950.760.840.720.54
0.740.590.570.70.970.890.560.710.660.890.090.570.860.370.810.410.650.730.47-0.140.690.750.890.840.51
0.960.880.70.960.830.890.860.710.80.890.140.680.690.380.880.470.90.960.32-0.270.960.930.840.90.39
0.840.710.580.820.760.760.650.660.80.760.080.780.610.450.830.510.740.780.13-0.080.80.850.690.840.53
0.920.880.660.870.961.00.860.890.890.760.160.70.720.320.830.530.910.860.41-0.250.920.840.980.870.59
0.280.22-0.310.20.150.130.230.090.140.080.160.40.140.390.050.490.260.230.010.240.240.280.290.070.62
0.770.670.590.750.680.690.630.570.680.780.70.40.560.30.630.930.720.650.280.170.750.80.70.710.71
0.640.410.620.690.850.720.380.860.690.610.720.140.560.460.790.440.470.720.420.070.580.770.70.80.37
0.390.250.10.420.370.290.210.370.380.450.320.390.30.460.410.150.250.380.040.130.340.440.310.380.39
0.890.730.650.90.850.830.70.810.880.830.830.050.630.790.410.390.770.930.36-0.120.850.930.770.990.41
0.570.50.50.550.520.530.480.410.470.510.530.490.930.440.150.390.550.430.310.30.570.620.570.50.68
0.950.990.570.880.790.910.980.650.90.740.910.260.720.470.250.770.550.870.29-0.30.980.830.890.80.59
0.960.840.580.960.830.850.820.730.960.780.860.230.650.720.380.930.430.870.37-0.210.940.960.830.920.44
0.360.280.470.440.420.410.290.470.320.130.410.010.280.420.040.360.310.290.370.140.360.380.430.350.35
-0.2-0.26-0.11-0.06-0.19-0.24-0.27-0.14-0.27-0.08-0.250.240.170.070.13-0.120.3-0.3-0.210.14-0.2-0.04-0.25-0.130.22
0.990.970.640.960.820.910.950.690.960.80.920.240.750.580.340.850.570.980.940.36-0.20.920.880.870.57
0.950.790.640.960.840.840.760.750.930.850.840.280.80.770.440.930.620.830.960.38-0.040.920.810.950.51
0.90.850.560.820.950.970.840.890.840.690.980.290.70.70.310.770.570.890.830.43-0.250.880.810.820.64
0.910.760.690.90.890.870.720.840.90.840.870.070.710.80.380.990.50.80.920.35-0.130.870.950.820.45
0.570.560.190.50.570.580.540.510.390.530.590.620.710.370.390.410.680.590.440.350.220.570.510.640.45
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Apollo Tyres Account Relationship Matchups

Apollo Tyres fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets232.5B260.6B267.0B273.6B269.6B135.2B
Short Long Term Debt Total77.8B73.6B69.8B64.2B49.1B33.6B
Other Current Liab126.6M17.1B16.4B13.9B12.1B12.7B
Total Current Liabilities57.1B67.3B74.5B80.1B70.4B37.3B
Total Stockholder Equity99.3B114.4B117.5B128.8B139.0B146.0B
Property Plant And Equipment Net161.2B165.4B172.6B168.8B163.4B171.5B
Net Debt70.5B63.9B61.1B55.8B39.9B28.3B
Retained Earnings61.3B64.0B67.2B76.4B104.8B110.1B
Accounts Payable23.1B25.4B32.8B34.0B29.8B16.1B
Cash7.4B9.7B8.7B8.4B9.1B5.2B
Non Current Assets Total177.7B183.7B188.6B185.0B179.3B188.3B
Non Currrent Assets Other4.7B5.1B5.1B4.9B768.4M730.0M
Cash And Short Term Investments7.5B22.3B15.4B14.5B14.1B8.4B
Net Receivables9.4B16.8B22.0B26.6B26.6B28.0B
Good Will2.1B2.2B2.2B2.3B2.3B1.7B
Short Term Investments76.2M12.6B6.7B6.1B4.9B3.9B
Liabilities And Stockholders Equity232.5B260.6B267.0B273.6B269.6B135.2B
Non Current Liabilities Total76.1B78.9B75.0B64.7B60.1B35.7B
Inventory32.1B33.2B41.6B44.3B42.5B23.1B
Other Current Assets199.3M7.3B5.6B6.9B7.1B7.5B
Other Stockholder Equity103.3B(76.7B)22.4B31.3B31.3B37.8B
Total Liab133.2B146.2B149.5B144.8B130.6B73.0B
Total Current Assets54.8B76.9B78.5B88.6B90.3B46.5B
Accumulated Other Comprehensive Income(81.7B)17.1B18.4B20.4B2.2B2.3B
Intangible Assets7.6B7.6B7.4B7.9B7.9B8.2B
Current Deferred Revenue15.8B20.9B18.9B7.6B12.0B14.7B
Short Term Debt18.1B18.1B20.1B20.2B15.2B14.1B
Other Liab16.2B16.4B23.5B24.5B28.2B16.4B
Net Tangible Assets94.9B93.8B108.4B111.4B128.1B88.2B
Other Assets9.2B11.2B8.4B3.7B(1.0)(0.95)
Long Term Debt51.4B48.1B44.1B37.9B26.7B32.5B
Deferred Long Term Liab3.3B4.1B3.9B3.4B3.9B2.7B
Short Long Term Debt16.2B3.0B17.1B18.0B12.7B11.7B
Property Plant Equipment161.4B165.4B172.6B168.8B194.2B125.5B
Long Term Debt Total59.7B55.4B50.5B44.0B50.6B43.5B
Capital Lease Obligations10.3B9.3B8.7B8.3B9.6B6.4B

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