SUMICHEM | | | 551.65 17.00 3.18% |
Sumitomo Chemical financial indicator trend analysis is much more than just breaking down Sumitomo Chemical India prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sumitomo Chemical India is a good investment. Please check the relationship between Sumitomo Chemical Property Plant And Equipment Net and its Total Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sumitomo Chemical India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Property Plant And Equipment Net vs Total Liab
Property Plant And Equipment Net vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sumitomo Chemical India Property Plant And Equipment Net account and
Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sumitomo Chemical's Property Plant And Equipment Net and Total Liab is 0.93. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Liab in the same time period over historical financial statements of Sumitomo Chemical India, assuming nothing else is changed. The correlation between historical values of Sumitomo Chemical's Property Plant And Equipment Net and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Sumitomo Chemical India are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Property Plant And Equipment Net i.e., Sumitomo Chemical's Property Plant And Equipment Net and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Sumitomo Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sumitomo Chemical India 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 Sumitomo Chemical India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
The current year's
Selling General Administrative is expected to grow to about 2.6
B, whereas
Tax Provision is forecasted to decline to about 1.1
B.
Sumitomo Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Sumitomo Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sumitomo Chemical fundamental ratios Accounts
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Other Information on Investing in Sumitomo Stock
Balance Sheet is a snapshot of the
financial position of Sumitomo Chemical India at a specified time, usually calculated after every quarter, six months, or one year. Sumitomo Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sumitomo Chemical 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 Sumitomo currently owns. An asset can also be divided into two categories, current and non-current.