COALINDIA | | | 382.00 9.95 2.54% |
Coal India financial indicator trend analysis is way more than just evaluating Coal India Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coal India Limited is a good investment. Please check the relationship between Coal India Cost Of Revenue and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Coal 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 gross domestic product.
Cost Of Revenue vs Other Operating Expenses
Cost Of Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coal India Limited Cost Of Revenue account and
Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Coal India's Cost Of Revenue and Other Operating Expenses is 0.86. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Coal India Limited, assuming nothing else is changed. The correlation between historical values of Coal India's Cost Of Revenue and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Coal India Limited are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Cost Of Revenue i.e., Coal India's Cost Of Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cost Of Revenue
Cost of Revenue is found on Coal India Limited income statement and represents the costs associated with goods and services Coal India provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Coal India Limited. It is also known as Coal India overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Coal India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coal 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 Coal 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 gross domestic product.
The current year's
Selling General Administrative is expected to grow to about 738.7
B, whereas
Discontinued Operations is forecasted to decline to (94.5
K).
Coal India fundamental ratios Correlations
Click cells to compare fundamentals
Coal India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coal India fundamental ratios Accounts
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Other Information on Investing in Coal Stock
Balance Sheet is a snapshot of the
financial position of Coal India Limited at a specified time, usually calculated after every quarter, six months, or one year. Coal India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Coal 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 Coal currently owns. An asset can also be divided into two categories, current and non-current.