Sintex Other Stockholder Equity vs Inventory Analysis

SPTL Stock   1.06  0.00  0.00%   
Sintex Plastics financial indicator trend analysis is much more than just breaking down Sintex Plastics Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sintex Plastics Tech is a good investment. Please check the relationship between Sintex Plastics Other Stockholder Equity and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sintex Plastics Technology. 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.

Other Stockholder Equity vs Inventory

Other Stockholder Equity vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sintex Plastics Tech Other Stockholder Equity account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sintex Plastics' Other Stockholder Equity and Inventory is -0.12. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of Sintex Plastics Technology, assuming nothing else is changed. The correlation between historical values of Sintex Plastics' Other Stockholder Equity and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Sintex Plastics Technology are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Stockholder Equity i.e., Sintex Plastics' Other Stockholder Equity and Inventory go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Inventory

Most indicators from Sintex Plastics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sintex Plastics Tech 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 Sintex Plastics Technology. 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 2.7 B in 2024, whereas Tax Provision is likely to drop slightly above 1.1 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Income62.4M310.0M356.4M374.3M
Tax Provision2.2B1.7B1.9B1.1B

Sintex Plastics fundamental ratios Correlations

0.690.710.93-0.250.630.720.870.650.88-0.380.220.760.98-0.310.980.940.990.720.980.580.710.370.370.25-0.15
0.690.690.53-0.380.240.490.570.370.35-0.070.020.920.74-0.420.670.480.720.780.650.640.670.130.0-0.150.06
0.710.690.43-0.70.220.750.830.110.44-0.25-0.220.580.84-0.430.710.580.650.870.630.980.750.18-0.08-0.140.32
0.930.530.430.00.720.580.740.780.92-0.440.330.660.84-0.150.910.920.930.480.950.270.580.450.590.46-0.4
-0.25-0.38-0.70.0-0.13-0.44-0.380.16-0.080.550.8-0.29-0.38-0.06-0.15-0.03-0.15-0.59-0.24-0.69-0.38-0.51-0.11-0.12-0.07
0.630.240.220.72-0.130.260.360.390.82-0.65-0.050.40.530.410.510.580.590.240.710.030.430.740.750.71-0.66
0.720.490.750.58-0.440.260.850.480.47-0.360.010.430.77-0.480.730.60.650.850.670.70.560.220.140.060.08
0.870.570.830.74-0.380.360.850.440.66-0.370.080.510.89-0.440.90.810.80.710.790.780.790.240.210.120.07
0.650.370.110.780.160.390.480.440.58-0.260.470.620.54-0.370.630.610.690.330.69-0.020.050.220.440.29-0.29
0.880.350.440.92-0.080.820.470.660.58-0.50.20.50.80.050.830.920.860.410.920.260.540.530.590.53-0.39
-0.38-0.07-0.25-0.440.55-0.65-0.36-0.37-0.26-0.50.6-0.14-0.32-0.51-0.24-0.25-0.26-0.19-0.47-0.13-0.32-0.95-0.87-0.840.68
0.220.02-0.220.330.8-0.050.010.080.470.20.60.140.14-0.530.340.40.32-0.10.17-0.24-0.12-0.59-0.24-0.30.2
0.760.920.580.66-0.290.40.430.510.620.5-0.140.140.76-0.40.710.580.80.690.750.480.470.210.14-0.02-0.04
0.980.740.840.84-0.380.530.770.890.540.8-0.320.140.76-0.390.970.90.960.820.940.730.750.30.220.120.01
-0.31-0.42-0.43-0.15-0.060.41-0.48-0.44-0.370.05-0.51-0.53-0.4-0.39-0.44-0.3-0.36-0.48-0.18-0.49-0.090.640.590.71-0.73
0.980.670.710.91-0.150.510.730.90.630.83-0.240.340.710.97-0.440.960.980.70.940.60.710.20.240.13-0.02
0.940.480.580.92-0.030.580.60.810.610.92-0.250.40.580.9-0.30.960.940.530.920.450.620.240.320.23-0.09
0.990.720.650.93-0.150.590.650.80.690.86-0.260.320.80.96-0.360.980.940.70.970.520.650.280.30.18-0.11
0.720.780.870.48-0.590.240.850.710.330.41-0.19-0.10.690.82-0.480.70.530.70.680.820.610.17-0.07-0.150.21
0.980.650.630.95-0.240.710.670.790.690.92-0.470.170.750.94-0.180.940.920.970.680.470.650.490.490.38-0.28
0.580.640.980.27-0.690.030.70.78-0.020.26-0.13-0.240.480.73-0.490.60.450.520.820.470.720.04-0.24-0.280.45
0.710.670.750.58-0.380.430.560.790.050.54-0.32-0.120.470.75-0.090.710.620.650.610.650.720.310.210.15-0.09
0.370.130.180.45-0.510.740.220.240.220.53-0.95-0.590.210.30.640.20.240.280.170.490.040.310.890.87-0.77
0.370.0-0.080.59-0.110.750.140.210.440.59-0.87-0.240.140.220.590.240.320.3-0.070.49-0.240.210.890.95-0.9
0.25-0.15-0.140.46-0.120.710.060.120.290.53-0.84-0.3-0.020.120.710.130.230.18-0.150.38-0.280.150.870.95-0.92
-0.150.060.32-0.4-0.07-0.660.080.07-0.29-0.390.680.2-0.040.01-0.73-0.02-0.09-0.110.21-0.280.45-0.09-0.77-0.9-0.92
Click cells to compare fundamentals

Sintex Plastics Account Relationship Matchups

Sintex Plastics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets58.2B56.3B38.3B24.3M27.9M26.5M
Other Current Liab7.6B527.5M10.2B567.4M652.5M619.9M
Total Current Liabilities41.2B45.3B37.2B2.0B2.3B2.2B
Total Stockholder Equity15.0B8.2B530M(2.2B)(2.6B)(2.5B)
Retained Earnings(6.9B)(14.0B)(13.1B)18.1B16.3B17.1B
Accounts Payable2.5B2.7B2.2B140.8M161.9M153.8M
Cash5.8B5.8B1.7B2.3M2.6M2.5M
Other Assets7.6B6.2B926.6M5.1M5.9M5.6M
Long Term Debt27.3B470.7M79.9M12.9M14.8M14.1M
Net Receivables2.4B6.4B877.8M16M18.4M17.5M
Short Term Investments4.3M94.2M5.8B8.7B10.0B10.5B
Inventory1.8B1.7B1.3B6.5B7.4B7.8B
Other Current Assets3.0B339.9M7.3B6M6.9M6.6M
Total Liab43.1B48.0B37.7B2.3B2.6B2.5B
Property Plant Equipment30.2B28.3B15.9B6.3B7.3B6.9B
Other Liab3.8B1.5B2.6B254.9M293.1M278.5M
Intangible Assets7.1B7.1B7.1B3.9M4.5M4.2M
Cash And Short Term Investments5.8B5.9B7.5B2.3M2.6M2.5M
Total Current Assets13.1B14.4B11.1B24.3M21.9M20.8M
Short Term Debt31.0B30.9B24.8B1.3B1.5B1.5B
Other Stockholder Equity3.6B5.1B21.3B(2.9B)(2.6B)(2.5B)
Short Long Term Debt Total31.5B31.2B25.0B1.4B1.3B1.2B
Net Tangible Assets18.6B7.7B921.7M(6.7B)(6.1B)(5.8B)
Property Plant And Equipment Net41.1B31.5B29.7B15.9B14.3B26.8B
Current Deferred Revenue5.3B7.1B11.2B10.0B11.6B7.6B
Net Debt25.7B25.2B23.3B1.4B1.3B1.2B
Non Current Assets Total64.2B45.1B41.8B27.2B24.4B40.8B
Non Currrent Assets Other28.9M200K4.9B175.3M157.8M149.9M
Good Will2.4B1.9B201.8M201.6M181.6M172.5M
Common Stock Shares Outstanding631.0M631.9M636.2M635.8M731.2M676.8M
Long Term Debt Total170.7M262.2M166.7M23.7M27.2M25.9M
Liabilities And Stockholders Equity58.2B56.3B38.3B24.3M21.9M20.8M
Non Current Liabilities Total1.9B2.7B461.1M231.3M208.2M197.8M
Short Long Term Debt10.0B31.0B17.4B24.7B28.4B19.0B
Accumulated Other Comprehensive Income(10.2B)16.5B7.9B(2.9B)(3.3B)(3.1B)
Net Invested Capital73.0B46.5B25.7B25.3B22.7B39.2B
Net Working Capital2.7B(28.1B)(30.9B)(26.1B)(23.5B)(24.6B)

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