Axis Income Quality vs Price To Sales Ratio Analysis

AXB Stock

USD 67.40 0.20 0.30%

Axis Bank financial indicator trend analysis is way more than just evaluating Axis Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axis Bank is a good investment. Please check the relationship between Axis Bank Income Quality and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axis Bank Ltd. 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.

Income Quality vs Price To Sales Ratio

Income Quality vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axis Bank Income Quality account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Axis Bank's Income Quality and Price To Sales Ratio is -0.65. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Axis Bank Ltd, assuming nothing else is changed. The correlation between historical values of Axis Bank's Income Quality and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Axis Bank Ltd are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Income Quality i.e., Axis Bank's Income Quality and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Axis Bank stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Axis Bank sales, a figure that is much harder to manipulate than other Axis Bank Ltd multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Axis Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axis Bank 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 Axis Bank Ltd. 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.

Enterprise Value is expected to rise to about 3.9 T this year, although the value of Tax Provision will most likely fall to about 46.9 B.

	2021	2022	2023	2024 (projected)
Net Interest Income	339.2B	440.6B	513.7B	355.2B
Tax Provision	47.7B	77.7B	87.5B	46.9B

Net Interest Income Tax Provision

Axis Bank fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Other Assets	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Total Current Assets	Common Stock	Property Plant Equipment	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Net Receivables
Total Assets		0.87	1.0	0.99	0.98	0.99	-0.07	0.93	-0.06	0.83	0.99	0.66	0.92	-0.82	0.92	0.82	1.0	0.97	0.83	0.73	0.97	0.97	0.91	0.84	0.89	-0.53
Other Current Liab	0.87		0.88	0.9	0.85	0.91	0.21	0.86	0.01	0.57	0.89	0.6	0.78	-0.52	0.75	0.66	0.87	0.91	0.86	0.47	0.86	0.84	0.77	0.73	0.8	-0.33
Total Current Liabilities	1.0	0.88		0.99	0.99	0.99	-0.09	0.93	-0.02	0.84	1.0	0.66	0.9	-0.82	0.93	0.78	1.0	0.97	0.82	0.73	0.96	0.96	0.88	0.82	0.88	-0.47
Total Stockholder Equity	0.99	0.9	0.99		0.98	1.0	-0.08	0.94	-0.08	0.84	0.99	0.68	0.92	-0.79	0.91	0.8	0.99	0.97	0.82	0.72	0.98	0.97	0.91	0.84	0.88	-0.53
Other Liab	0.98	0.85	0.99	0.98		0.98	-0.08	0.87	-0.03	0.83	0.99	0.68	0.85	-0.78	0.93	0.81	0.98	0.96	0.78	0.67	0.94	0.96	0.84	0.82	0.92	-0.44
Net Tangible Assets	0.99	0.91	0.99	1.0	0.98		-0.09	0.93	-0.01	0.83	0.99	0.64	0.92	-0.79	0.92	0.76	0.99	0.96	0.83	0.72	0.97	0.95	0.9	0.8	0.86	-0.46
Net Debt	-0.07	0.21	-0.09	-0.08	-0.08	-0.09		-0.08	-0.18	-0.57	-0.05	0.12	-0.27	0.45	-0.2	0.16	-0.07	0.12	0.29	-0.53	-0.17	-0.02	-0.26	0.18	0.2	-0.03
Retained Earnings	0.93	0.86	0.93	0.94	0.87	0.93	-0.08		-0.14	0.8	0.91	0.66	0.89	-0.78	0.86	0.66	0.93	0.92	0.78	0.8	0.95	0.92	0.89	0.8	0.72	-0.54
Accounts Payable	-0.06	0.01	-0.02	-0.08	-0.03	-0.01	-0.18	-0.14		-0.03	-0.05	-0.68	0.0	-0.14	0.07	-0.42	-0.06	-0.15	0.2	0.15	-0.19	-0.27	-0.04	-0.56	-0.23	0.74
Cash	0.83	0.57	0.84	0.84	0.83	0.83	-0.57	0.8	-0.03		0.82	0.51	0.86	-0.84	0.89	0.59	0.83	0.74	0.49	0.89	0.86	0.82	0.85	0.63	0.61	-0.46
Other Assets	0.99	0.89	1.0	0.99	0.99	0.99	-0.05	0.91	-0.05	0.82		0.69	0.88	-0.78	0.93	0.8	0.99	0.98	0.81	0.69	0.96	0.97	0.87	0.84	0.91	-0.48
Good Will	0.66	0.6	0.66	0.68	0.68	0.64	0.12	0.66	-0.68	0.51	0.69		0.45	-0.34	0.56	0.69	0.66	0.72	0.31	0.27	0.72	0.81	0.45	0.9	0.73	-0.62
Common Stock Shares Outstanding	0.92	0.78	0.9	0.92	0.85	0.92	-0.27	0.89	0.0	0.86	0.88	0.45		-0.84	0.82	0.73	0.92	0.85	0.79	0.81	0.93	0.85	1.0	0.69	0.72	-0.58
Inventory	-0.82	-0.52	-0.82	-0.79	-0.78	-0.79	0.45	-0.78	-0.14	-0.84	-0.78	-0.34	-0.84		-0.77	-0.54	-0.82	-0.68	-0.63	-0.89	-0.78	-0.73	-0.83	-0.52	-0.56	0.4
Other Current Assets	0.92	0.75	0.93	0.91	0.93	0.92	-0.2	0.86	0.07	0.89	0.93	0.56	0.82	-0.77		0.66	0.92	0.9	0.71	0.81	0.87	0.9	0.8	0.72	0.77	-0.36
Other Stockholder Equity	0.82	0.66	0.78	0.8	0.81	0.76	0.16	0.66	-0.42	0.59	0.8	0.69	0.73	-0.54	0.66		0.82	0.84	0.67	0.37	0.78	0.86	0.74	0.91	0.94	-0.79
Total Liab	1.0	0.87	1.0	0.99	0.98	0.99	-0.07	0.93	-0.06	0.83	0.99	0.66	0.92	-0.82	0.92	0.82		0.97	0.84	0.73	0.96	0.97	0.91	0.84	0.89	-0.53
Net Invested Capital	0.97	0.91	0.97	0.97	0.96	0.96	0.12	0.92	-0.15	0.74	0.98	0.72	0.85	-0.68	0.9	0.84	0.97		0.85	0.63	0.94	0.97	0.85	0.9	0.92	-0.56
Long Term Investments	0.83	0.86	0.82	0.82	0.78	0.83	0.29	0.78	0.2	0.49	0.81	0.31	0.79	-0.63	0.71	0.67	0.84	0.85		0.54	0.73	0.73	0.78	0.61	0.74	-0.34
Total Current Assets	0.73	0.47	0.73	0.72	0.67	0.72	-0.53	0.8	0.15	0.89	0.69	0.27	0.81	-0.89	0.81	0.37	0.73	0.63	0.54		0.73	0.66	0.8	0.45	0.38	-0.36
Common Stock	0.97	0.86	0.96	0.98	0.94	0.97	-0.17	0.95	-0.19	0.86	0.96	0.72	0.93	-0.78	0.87	0.78	0.96	0.94	0.73	0.73		0.96	0.93	0.85	0.83	-0.6
Property Plant Equipment	0.97	0.84	0.96	0.97	0.96	0.95	-0.02	0.92	-0.27	0.82	0.97	0.81	0.85	-0.73	0.9	0.86	0.97	0.97	0.73	0.66	0.96		0.84	0.93	0.91	-0.63
Capital Stock	0.91	0.77	0.88	0.91	0.84	0.9	-0.26	0.89	-0.04	0.85	0.87	0.45	1.0	-0.83	0.8	0.74	0.91	0.85	0.78	0.8	0.93	0.84		0.7	0.71	-0.62
Property Plant And Equipment Net	0.84	0.73	0.82	0.84	0.82	0.8	0.18	0.8	-0.56	0.63	0.84	0.9	0.69	-0.52	0.72	0.91	0.84	0.9	0.61	0.45	0.85	0.93	0.7		0.89	-0.79
Property Plant And Equipment Gross	0.89	0.8	0.88	0.88	0.92	0.86	0.2	0.72	-0.23	0.61	0.91	0.73	0.72	-0.56	0.77	0.94	0.89	0.92	0.74	0.38	0.83	0.91	0.71	0.89		-0.56
Net Receivables	-0.53	-0.33	-0.47	-0.53	-0.44	-0.46	-0.03	-0.54	0.74	-0.46	-0.48	-0.62	-0.58	0.4	-0.36	-0.79	-0.53	-0.56	-0.34	-0.36	-0.6	-0.63	-0.62	-0.79	-0.56

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Axis Bank Account Relationship Matchups

Axis Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.3T	10.1T	12.0T	13.4T	15.2T	11.8T
Other Current Liab	37.9B	36.9B	70.3B	85.0B	97.7B	61.4B
Total Current Liabilities	6.5T	7.1T	8.3T	9.5T	10.9T	7.6T
Total Stockholder Equity	863.4B	1.0T	1.2T	1.3T	1.6T	1.1T
Other Liab	369.8B	357.5B	431.5B	622.0B	715.4B	409.9B
Net Tangible Assets	860.5B	1.0T	1.2T	1.3T	1.5T	1.0T
Net Debt	29.9B	308.7B	874.3B	975.1B	901.5B	755.5B
Retained Earnings	418.3B	482.0B	617.3B	477.7B	652.8B	533.7B
Accounts Payable	6.4T	7.0T	8.2T	9.5T	36.6B	34.8B
Cash	1.4T	1.1T	1.1T	1.1T	1.4T	1.2T
Other Assets	6.5T	6.9T	8.1T	9.4T	10.8T	7.6T
Common Stock Shares Outstanding	2.8B	3.1B	3.1B	3.1B	3.1B	3.2B
Other Current Assets	397.4B	859.0B	482.4B	935.4B	1.1T	671.4B
Other Stockholder Equity	27.8B	35.1B	43.7B	1.3T	1.5T	1.6T
Total Liab	8.4T	9.1T	10.8T	12.1T	13.6T	10.7T
Net Invested Capital	2.3T	2.4T	3.2T	3.4T	3.9T	3.1T
Long Term Investments	1.2T	1.9T	2.7T	2.9T	2.3T	2.2T
Total Current Assets	1.5T	1.2T	1.6T	1.1T	1.3T	1.3T
Common Stock	5.6B	6.1B	6.1B	6.2B	7.1B	6.3B
Property Plant Equipment	43.9B	43.3B	46.8B	48.5B	55.8B	48.5B
Capital Stock	5.6B	6.1B	6.1B	6.2B	6.2B	6.5B

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Other Information on Investing in Axis Stock

Balance Sheet is a snapshot of the financial position of Axis Bank at a specified time, usually calculated after every quarter, six months, or one year. Axis Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Axis Bank 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 Axis currently owns. An asset can also be divided into two categories, current and non-current.

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Axis Income Quality vs Price To Sales Ratio Analysis

Income Quality vs Price To Sales Ratio

Income Quality vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Income Quality

Price To Sales Ratio

Axis Bank fundamental ratios Correlations

Axis Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Axis Bank fundamental ratios Accounts

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Other Information on Investing in Axis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding

Total Current Assets	- 0.89	Inventory
Inventory	- 0.84	Common Stock Shares Outstanding
Inventory	- 0.84	Cash
Capital Stock	- 0.83	Inventory
Total Liab	- 0.82	Inventory
Inventory	- 0.82	Total Current Liabilities