| SMLT Stock | | | 157.13 4.40 2.72% |
Sarthak Metals financial indicator trend analysis is much more than just breaking down Sarthak Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sarthak Metals is a good investment. Please check the relationship between Sarthak Metals Change In Working Capital and its Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sarthak Metals 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.
Change In Working Capital vs Depreciation
Change In Working Capital vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sarthak Metals Change In Working Capital account and
Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sarthak Metals' Change In Working Capital and Depreciation is 0.14. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Sarthak Metals Limited, assuming nothing else is changed. The correlation between historical values of Sarthak Metals' Change In Working Capital and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Sarthak Metals Limited are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Working Capital i.e., Sarthak Metals' Change In Working Capital and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.14 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Depreciation
Depreciation indicates how much of Sarthak Metals value has been used up. For tax purposes Sarthak Metals can deduct the cost of the tangible assets it purchases as business expenses. However, Sarthak Metals Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Sarthak Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sarthak Metals 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 Sarthak Metals 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.
Selling General Administrative is likely to gain to about 101.2
M in 2024.
Tax Provision is likely to gain to about 52
M in 2024
Sarthak Metals fundamental ratios Correlations
Click cells to compare fundamentals
Sarthak Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sarthak Metals fundamental ratios Accounts
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Additional Tools for Sarthak Stock Analysis
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measure Sarthak Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sarthak Metals is operating at the current time. Most of Sarthak Metals' value examination focuses on studying past and present price action to
predict the probability of Sarthak Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sarthak Metals' price. Additionally, you may evaluate how the addition of Sarthak Metals to your portfolios can decrease your overall portfolio volatility.