Meghmani Total Current Assets vs Property Plant And Equipment Net Analysis

MOL Stock   97.77  1.49  1.55%   
Meghmani Organics financial indicator trend analysis is infinitely more than just investigating Meghmani Organics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meghmani Organics is a good investment. Please check the relationship between Meghmani Organics Total Current Assets and its Property Plant And Equipment Net accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meghmani Organics 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 board of governors.

Total Current Assets vs Property Plant And Equipment Net

Total Current Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meghmani Organics Total Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Meghmani Organics' Total Current Assets and Property Plant And Equipment Net is 0.63. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Meghmani Organics Limited, assuming nothing else is changed. The correlation between historical values of Meghmani Organics' Total Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Meghmani Organics Limited are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Assets i.e., Meghmani Organics' Total Current Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Meghmani Organics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meghmani Organics 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 Meghmani Organics 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 249.9 M, whereas Tax Provision is forecasted to decline to about 102.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit10.0B10.4B3.2B3.0B
Total Revenue24.7B25.6B15.5B20.7B

Meghmani Organics fundamental ratios Correlations

0.370.37-0.360.430.40.520.490.490.030.530.190.050.130.340.30.410.280.370.30.46-0.050.390.43-0.170.71
0.370.890.320.940.970.770.740.770.350.810.030.510.80.740.880.540.820.990.850.860.460.60.72-0.180.65
0.370.890.480.810.770.790.890.480.380.74-0.190.360.70.840.680.350.620.940.660.940.650.610.48-0.210.52
-0.360.320.480.060.140.230.33-0.180.30.11-0.480.010.160.34-0.04-0.390.180.37-0.080.280.67-0.14-0.18-0.29-0.27
0.430.940.810.060.920.720.70.830.230.790.040.390.840.690.960.720.720.930.950.860.340.740.76-0.070.71
0.40.970.770.140.920.750.650.880.310.830.180.590.790.670.90.60.880.920.890.750.240.530.83-0.120.72
0.520.770.790.230.720.750.920.640.330.980.040.360.730.920.590.260.80.760.630.690.170.370.780.110.67
0.490.740.890.330.70.650.920.470.220.85-0.260.210.620.880.550.330.590.780.540.840.370.410.54-0.130.64
0.490.770.48-0.180.830.880.640.470.180.770.210.440.640.490.860.730.790.710.840.53-0.150.370.89-0.020.79
0.030.350.380.30.230.310.330.220.180.310.210.70.410.570.28-0.220.530.370.340.160.050.140.350.360.11
0.530.810.740.110.790.830.980.850.770.310.140.440.780.880.70.380.880.780.740.670.070.390.890.140.74
0.190.03-0.19-0.480.040.180.04-0.260.210.210.140.470.230.030.07-0.130.35-0.070.21-0.27-0.30.240.430.610.02
0.050.510.360.010.390.590.360.210.440.70.440.470.520.480.510.120.740.450.550.23-0.110.170.610.240.4
0.130.80.70.160.840.790.730.620.640.410.780.230.520.810.820.340.810.780.90.60.280.650.80.340.49
0.340.740.840.340.690.670.920.880.490.570.880.030.480.810.590.120.780.760.660.670.280.440.690.250.52
0.30.880.68-0.040.960.90.590.550.860.280.70.070.510.820.590.770.730.850.980.740.180.650.78-0.040.72
0.410.540.35-0.390.720.60.260.330.73-0.220.38-0.130.120.340.120.770.270.520.680.61-0.040.490.46-0.350.71
0.280.820.620.180.720.880.80.590.790.530.880.350.740.810.780.730.270.750.780.480.010.290.920.210.62
0.370.990.940.370.930.920.760.780.710.370.78-0.070.450.780.760.850.520.750.820.910.530.630.64-0.220.62
0.30.850.66-0.080.950.890.630.540.840.340.740.210.550.90.660.980.680.780.820.680.150.70.840.150.67
0.460.860.940.280.860.750.690.840.530.160.67-0.270.230.60.670.740.610.480.910.680.590.680.43-0.380.62
-0.050.460.650.670.340.240.170.37-0.150.050.07-0.3-0.110.280.280.18-0.040.010.530.150.590.52-0.21-0.38-0.15
0.390.60.61-0.140.740.530.370.410.370.140.390.240.170.650.440.650.490.290.630.70.680.520.380.110.34
0.430.720.48-0.180.760.830.780.540.890.350.890.430.610.80.690.780.460.920.640.840.43-0.210.380.330.73
-0.17-0.18-0.21-0.29-0.07-0.120.11-0.13-0.020.360.140.610.240.340.25-0.04-0.350.21-0.220.15-0.38-0.380.110.33-0.22
0.710.650.52-0.270.710.720.670.640.790.110.740.020.40.490.520.720.710.620.620.670.62-0.150.340.73-0.22
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Meghmani Organics Account Relationship Matchups

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Other Information on Investing in Meghmani Stock

Balance Sheet is a snapshot of the financial position of Meghmani Organics at a specified time, usually calculated after every quarter, six months, or one year. Meghmani Organics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Meghmani Organics 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 Meghmani currently owns. An asset can also be divided into two categories, current and non-current.