KNRCON Stock | | | 326.80 1.40 0.43% |
KNR Constructions financial indicator trend analysis is infinitely more than just investigating KNR Constructions recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KNR Constructions is a good investment. Please check the relationship between KNR Constructions Tax Provision and its Depreciation And Amortization accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KNR Constructions 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 persons.
Tax Provision vs Depreciation And Amortization
Tax Provision vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
KNR Constructions Tax Provision account and
Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between KNR Constructions' Tax Provision and Depreciation And Amortization is 0.57. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of KNR Constructions Limited, assuming nothing else is changed. The correlation between historical values of KNR Constructions' Tax Provision and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of KNR Constructions Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Tax Provision i.e., KNR Constructions' Tax Provision and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from KNR Constructions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KNR Constructions 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KNR Constructions 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 persons.
The current year's
Selling General Administrative is expected to grow to about 2.1
B, whereas Tax Provision is forecasted to decline to about 1
B.
KNR Constructions fundamental ratios Correlations
Click cells to compare fundamentals
KNR Constructions Account Relationship Matchups
High Positive Relationship
High Negative Relationship
KNR Constructions fundamental ratios Accounts
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Other Information on Investing in KNR Stock
Balance Sheet is a snapshot of the
financial position of KNR Constructions at a specified time, usually calculated after every quarter, six months, or one year. KNR Constructions Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of KNR Constructions 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 KNR currently owns. An asset can also be divided into two categories, current and non-current.