ELECTCAST | | | 142.57 2.90 1.99% |
Electrosteel Castings financial indicator trend analysis is much more than just examining Electrosteel Castings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrosteel Castings is a good investment. Please check the relationship between Electrosteel Castings Cost Of Revenue and its Selling General Administrative accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrosteel Castings 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 estimate.
Cost Of Revenue vs Selling General Administrative
Cost Of Revenue vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Electrosteel Castings Cost Of Revenue account and
Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Electrosteel Castings' Cost Of Revenue and Selling General Administrative is -0.15. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Electrosteel Castings Limited, assuming nothing else is changed. The correlation between historical values of Electrosteel Castings' Cost Of Revenue and Selling General Administrative 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 Electrosteel Castings Limited are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Cost Of Revenue i.e., Electrosteel Castings' Cost Of Revenue and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Electrosteel Castings income statement and represents the costs associated with goods and services Electrosteel Castings 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.
Selling General Administrative
Most indicators from Electrosteel Castings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrosteel Castings 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 Electrosteel Castings 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 estimate.
The current year's
Tax Provision is expected to grow to about 2.4
B, whereas Selling General Administrative is forecasted to decline to about 182.3
M.
Electrosteel Castings fundamental ratios Correlations
Click cells to compare fundamentals
Electrosteel Castings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electrosteel Castings fundamental ratios Accounts
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Other Information on Investing in Electrosteel Stock
Balance Sheet is a snapshot of the
financial position of Electrosteel Castings at a specified time, usually calculated after every quarter, six months, or one year. Electrosteel Castings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Electrosteel Castings 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 Electrosteel currently owns. An asset can also be divided into two categories, current and non-current.