Eastern Silk financial indicator trend analysis is much more than just examining Eastern Silk Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Silk Industries is a good investment. Please check the relationship between Eastern Silk Current Deferred Revenue and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Current Deferred Revenue vs Total Assets
Current Deferred Revenue vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastern Silk Industries Current Deferred Revenue account and
Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eastern Silk's Current Deferred Revenue and Total Assets is -0.48. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Eastern Silk Industries, assuming nothing else is changed. The correlation between historical values of Eastern Silk's Current Deferred Revenue and Total Assets 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 Eastern Silk Industries are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Current Deferred Revenue i.e., Eastern Silk's Current Deferred Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.48 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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 Assets
Total assets refers to the total amount of Eastern Silk assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Eastern Silk Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Eastern Silk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Silk Industries 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Tax Provision is expected to rise to about 4.6
M this year, although the value of
Selling General Administrative will most likely fall to about 18.7
M.
Eastern Silk fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Silk Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Silk fundamental ratios Accounts
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Other Information on Investing in Eastern Stock
Balance Sheet is a snapshot of the
financial position of Eastern Silk Industries at a specified time, usually calculated after every quarter, six months, or one year. Eastern Silk Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Silk 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 Eastern currently owns. An asset can also be divided into two categories, current and non-current.