NIIT Non Current Liabilities Total vs Retained Earnings Analysis
NIITMTS Stock | 518.20 18.20 3.64% |
NIIT LEARNING financial indicator trend analysis is infinitely more than just investigating NIIT LEARNING SYSTEMS recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT LEARNING SYSTEMS is a good investment. Please check the relationship between NIIT LEARNING Non Current Liabilities Total and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Non Current Liabilities Total vs Retained Earnings
Non Current Liabilities Total vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT LEARNING SYSTEMS Non Current Liabilities Total account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NIIT LEARNING's Non Current Liabilities Total and Retained Earnings is 0.85. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of NIIT LEARNING SYSTEMS, assuming nothing else is changed. The correlation between historical values of NIIT LEARNING's Non Current Liabilities Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of NIIT LEARNING SYSTEMS are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Liabilities Total i.e., NIIT LEARNING's Non Current Liabilities Total and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from NIIT LEARNING's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT LEARNING SYSTEMS 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 NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. Selling General Administrative is likely to gain to about 3.5 B in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.0B | 2.9B | 3.3B | 2.1B | Cost Of Revenue | 5.8B | 6.9B | 7.0B | 4.4B |
NIIT LEARNING fundamental ratios Correlations
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NIIT LEARNING Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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