THERMAX Stock | | | 4,905 108.95 2.27% |
Thermax financial indicator trend analysis is much more than just breaking down Thermax Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thermax Limited is a good investment. Please check the relationship between Thermax Retained Earnings and its Inventory accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Thermax 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 population.
Retained Earnings vs Inventory
Retained Earnings vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thermax Limited Retained Earnings account and
Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Thermax's Retained Earnings and Inventory is 0.76. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Thermax Limited, assuming nothing else is changed. The correlation between historical values of Thermax's Retained Earnings 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 Retained Earnings of Thermax Limited 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 Retained Earnings i.e., Thermax's Retained Earnings and Inventory go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Inventory
Most indicators from Thermax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thermax Limited 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 Thermax 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 population.
Selling General Administrative is likely to drop to about 1.5
B in 2024.
Tax Provision is likely to drop to about 1.5
B in 2024
Thermax fundamental ratios Correlations
Click cells to compare fundamentals
Thermax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thermax fundamental ratios Accounts
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Additional Tools for Thermax Stock Analysis
When running Thermax's price analysis, check to
measure Thermax's 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 Thermax is operating at the current time. Most of Thermax's value examination focuses on studying past and present price action to
predict the probability of Thermax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermax's price. Additionally, you may evaluate how the addition of Thermax to your portfolios can decrease your overall portfolio volatility.