APTECHT Stock | | | 184.65 4.11 2.18% |
Aptech financial indicator trend analysis is way more than just evaluating Aptech Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aptech Limited is a good investment. Please check the relationship between Aptech Selling And Marketing Expenses and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aptech 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 main economic indicators.
Selling And Marketing Expenses vs Gross Profit
Selling And Marketing Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aptech Limited Selling And Marketing Expenses account and
Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aptech's Selling And Marketing Expenses and Gross Profit is 0.61. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Aptech Limited, assuming nothing else is changed. The correlation between historical values of Aptech's Selling And Marketing Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Aptech Limited are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Selling And Marketing Expenses i.e., Aptech's Selling And Marketing Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Selling And Marketing Expenses
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Aptech Limited minus its cost of goods sold. It is profit before Aptech operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Aptech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aptech 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 Aptech 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 main economic indicators.
Tax Provision is likely to gain to about 118.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 205.7
M in 2024.
Aptech fundamental ratios Correlations
Click cells to compare fundamentals
Aptech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aptech fundamental ratios Accounts
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Additional Tools for Aptech Stock Analysis
When running Aptech's price analysis, check to
measure Aptech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aptech is operating at the current time. Most of Aptech's value examination focuses on studying past and present price action to
predict the probability of Aptech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aptech's price. Additionally, you may evaluate how the addition of Aptech to your portfolios can decrease your overall portfolio volatility.