INDORAMA | | | 39.87 0.18 0.45% |
Indo Rama financial indicator trend analysis is infinitely more than just investigating Indo Rama Synthetics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indo Rama Synthetics is a good investment. Please check the relationship between Indo Rama Income Tax Expense and its Income Before Tax accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indo Rama Synthetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Income Tax Expense vs Income Before Tax
Income Tax Expense vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indo Rama Synthetics Income Tax Expense account and
Income Before Tax. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Indo Rama's Income Tax Expense and Income Before Tax is 0.11. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Indo Rama Synthetics, assuming nothing else is changed. The correlation between historical values of Indo Rama's Income Tax Expense and Income Before Tax 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 Tax Expense of Indo Rama Synthetics are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Income Tax Expense i.e., Indo Rama's Income Tax Expense and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Income Tax Expense
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Indo Rama income statement and is an important metric when analyzing Indo Rama Synthetics profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Indo Rama's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indo Rama Synthetics 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indo Rama Synthetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
As of the 30th of December 2024,
Selling General Administrative is likely to drop to about 163
M. In addition to that,
Discontinued Operations is likely to grow to about (10.1
M)
Indo Rama fundamental ratios Correlations
Click cells to compare fundamentals
Indo Rama Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indo Rama fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Indo Stock
Balance Sheet is a snapshot of the
financial position of Indo Rama Synthetics at a specified time, usually calculated after every quarter, six months, or one year. Indo Rama Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indo Rama 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 Indo currently owns. An asset can also be divided into two categories, current and non-current.