Prakash Steelage financial indicator trend analysis is much more than just breaking down Prakash Steelage prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prakash Steelage is a good investment. Please check the relationship between Prakash Steelage Total Revenue and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prakash Steelage 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 nation.
Total Revenue vs Income Before Tax
Total Revenue vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prakash Steelage Total Revenue account and Income Before Tax. At this time, the significance of the direction appears to have no relationship.
The correlation between Prakash Steelage's Total Revenue and Income Before Tax is 0.09. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Prakash Steelage Limited, assuming nothing else is changed. The correlation between historical values of Prakash Steelage's Total Revenue 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 Total Revenue of Prakash Steelage Limited 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 Total Revenue i.e., Prakash Steelage's Total Revenue and Income Before Tax go up and down completely randomly.
Total revenue comprises all receipts Prakash Steelage generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Prakash Steelage income statement and is an important metric when analyzing Prakash Steelage 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 Prakash Steelage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prakash Steelage 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prakash Steelage 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 nation.
The Prakash Steelage's current Selling General Administrative is estimated to increase to about 65 M. The Prakash Steelage's current Tax Provision is estimated to increase to about 4.4 M
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.
Balance Sheet is a snapshot of the financial position of Prakash Steelage at a specified time, usually calculated after every quarter, six months, or one year. Prakash Steelage Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prakash Steelage 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 Prakash currently owns. An asset can also be divided into two categories, current and non-current.