SHAILY Stock | | | 1,519 32.00 2.15% |
Shaily Engineering financial indicator trend analysis is much more than just breaking down Shaily Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shaily Engineering is a good investment. Please check the relationship between Shaily Engineering Income Before Tax and its Ebitda accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shaily Engineering Plastics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Income Before Tax vs Ebitda
Income Before Tax vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shaily Engineering Income Before Tax account and
Ebitda. At this time, the significance of the direction appears to have totally related.
The correlation between Shaily Engineering's Income Before Tax and Ebitda is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of Shaily Engineering Plastics, assuming nothing else is changed. The correlation between historical values of Shaily Engineering's Income Before Tax and Ebitda 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 Before Tax of Shaily Engineering Plastics are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., Shaily Engineering's Income Before Tax and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Shaily Engineering income statement and is an important metric when analyzing Shaily Engineering 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.
Ebitda
Most indicators from Shaily Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shaily Engineering 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shaily Engineering Plastics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 707
M, whereas
Tax Provision is forecasted to decline to about 107.5
M.
Shaily Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Shaily Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shaily Engineering fundamental ratios Accounts
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Other Information on Investing in Shaily Stock
Balance Sheet is a snapshot of the
financial position of Shaily Engineering at a specified time, usually calculated after every quarter, six months, or one year. Shaily Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shaily Engineering 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 Shaily currently owns. An asset can also be divided into two categories, current and non-current.