Vibhor Depreciation vs Other Non Cash Items Analysis

VSTL Stock

241.18 4.32 1.76%

Vibhor Steel financial indicator trend analysis is much more than just breaking down Vibhor Steel Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vibhor Steel Tubes is a good investment. Please check the relationship between Vibhor Steel Depreciation and its Other Non Cash Items accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vibhor Steel Tubes. 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.

Depreciation vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vibhor Steel Tubes Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Vibhor Steel's Depreciation and Other Non Cash Items is -0.3. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Vibhor Steel Tubes, assuming nothing else is changed. The correlation between historical values of Vibhor Steel's Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Vibhor Steel Tubes are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Vibhor Steel's Depreciation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

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Depreciation

Depreciation indicates how much of Vibhor Steel Tubes value has been used up. For tax purposes Vibhor Steel can deduct the cost of the tangible assets it purchases as business expenses. However, Vibhor Steel Tubes 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.

Other Non Cash Items

Most indicators from Vibhor Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vibhor Steel Tubes 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 Vibhor Steel Tubes. 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 222.3 M in 2024, whereas Tax Provision is likely to drop slightly above 53.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	560.9M	1.0B	1.1B	833.1M
Total Revenue	8.2B	11.1B	10.7B	9.0B

Gross Profit Total Revenue

Vibhor Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Short Term Investments	Net Invested Capital
Total Assets		0.87	-0.22	0.92	0.96	0.89	0.77	0.87	0.98	0.98	0.65	0.9	0.8	0.8	0.79	0.87	-0.46	0.98	0.67	0.93	0.99	0.87	0.87	0.9	0.81	0.96
Short Long Term Debt Total	0.87		-0.3	0.93	0.7	0.59	0.76	1.0	0.85	0.8	0.78	0.59	0.55	0.75	0.92	0.54	-0.38	0.87	0.84	0.99	0.92	0.92	0.54	0.87	0.79	0.88
Other Current Liab	-0.22	-0.3		-0.52	-0.18	0.08	-0.76	-0.28	-0.38	-0.13	-0.42	0.06	0.0	-0.74	-0.09	0.04	0.86	-0.07	-0.67	-0.26	-0.29	-0.59	0.04	-0.54	-0.35	-0.47
Total Current Liabilities	0.92	0.93	-0.52		0.8	0.65	0.93	0.93	0.94	0.86	0.8	0.66	0.66	0.93	0.8	0.65	-0.67	0.86	0.86	0.95	0.95	0.99	0.65	0.98	0.82	0.98
Total Stockholder Equity	0.96	0.7	-0.18	0.8		0.96	0.69	0.7	0.95	0.96	0.48	0.97	0.84	0.74	0.63	0.95	-0.47	0.93	0.53	0.79	0.92	0.75	0.95	0.81	0.75	0.9
Property Plant And Equipment Net	0.89	0.59	0.08	0.65	0.96		0.48	0.6	0.85	0.91	0.3	1.0	0.85	0.54	0.59	0.97	-0.26	0.89	0.35	0.69	0.83	0.58	0.97	0.64	0.69	0.77
Current Deferred Revenue	0.77	0.76	-0.76	0.93	0.69	0.48		0.75	0.85	0.71	0.74	0.5	0.58	1.0	0.58	0.53	-0.89	0.65	0.85	0.77	0.81	0.95	0.53	0.94	0.73	0.91
Net Debt	0.87	1.0	-0.28	0.93	0.7	0.6	0.75		0.85	0.79	0.74	0.61	0.55	0.74	0.94	0.54	-0.36	0.88	0.84	0.99	0.92	0.91	0.54	0.85	0.82	0.88
Retained Earnings	0.98	0.85	-0.38	0.94	0.95	0.85	0.85	0.85		0.93	0.6	0.86	0.79	0.88	0.77	0.83	-0.61	0.92	0.77	0.9	0.97	0.91	0.83	0.91	0.88	0.99
Accounts Payable	0.98	0.8	-0.13	0.86	0.96	0.91	0.71	0.79	0.93		0.67	0.91	0.86	0.74	0.68	0.92	-0.43	0.97	0.52	0.88	0.96	0.8	0.92	0.88	0.68	0.91
Cash	0.65	0.78	-0.42	0.8	0.48	0.3	0.74	0.74	0.6	0.67		0.31	0.42	0.71	0.51	0.37	-0.49	0.63	0.56	0.78	0.72	0.79	0.37	0.86	0.33	0.71
Non Current Assets Total	0.9	0.59	0.06	0.66	0.97	1.0	0.5	0.61	0.86	0.91	0.31		0.85	0.56	0.59	0.97	-0.28	0.89	0.37	0.7	0.84	0.59	0.97	0.66	0.7	0.78
Non Currrent Assets Other	0.8	0.55	0.0	0.66	0.84	0.85	0.58	0.55	0.79	0.86	0.42	0.85		0.62	0.56	0.94	-0.47	0.75	0.36	0.65	0.76	0.6	0.94	0.69	0.64	0.73
Cash And Short Term Investments	0.8	0.75	-0.74	0.93	0.74	0.54	1.0	0.74	0.88	0.74	0.71	0.56	0.62		0.58	0.59	-0.88	0.68	0.84	0.77	0.83	0.95	0.59	0.94	0.76	0.93
Net Receivables	0.79	0.92	-0.09	0.8	0.63	0.59	0.58	0.94	0.77	0.68	0.51	0.59	0.56	0.58		0.51	-0.22	0.8	0.8	0.9	0.81	0.78	0.51	0.67	0.87	0.76
Common Stock Shares Outstanding	0.87	0.54	0.04	0.65	0.95	0.97	0.53	0.54	0.83	0.92	0.37	0.97	0.94	0.59	0.51		-0.37	0.85	0.3	0.66	0.81	0.58	1.0	0.68	0.62	0.76
Non Current Liabilities Total	-0.46	-0.38	0.86	-0.67	-0.47	-0.26	-0.89	-0.36	-0.61	-0.43	-0.49	-0.28	-0.47	-0.88	-0.22	-0.37		-0.29	-0.65	-0.4	-0.5	-0.7	-0.37	-0.71	-0.51	-0.66
Inventory	0.98	0.87	-0.07	0.86	0.93	0.89	0.65	0.88	0.92	0.97	0.63	0.89	0.75	0.68	0.8	0.85	-0.29		0.59	0.93	0.97	0.8	0.85	0.84	0.75	0.9
Other Current Assets	0.67	0.84	-0.67	0.86	0.53	0.35	0.85	0.84	0.77	0.52	0.56	0.37	0.36	0.84	0.8	0.3	-0.65	0.59		0.79	0.74	0.91	0.3	0.76	0.87	0.81
Total Liab	0.93	0.99	-0.26	0.95	0.79	0.69	0.77	0.99	0.9	0.88	0.78	0.7	0.65	0.77	0.9	0.66	-0.4	0.93	0.79		0.96	0.92	0.66	0.9	0.79	0.92
Total Current Assets	0.99	0.92	-0.29	0.95	0.92	0.83	0.81	0.92	0.97	0.96	0.72	0.84	0.76	0.83	0.81	0.81	-0.5	0.97	0.74	0.96		0.92	0.81	0.93	0.82	0.98
Short Term Debt	0.87	0.92	-0.59	0.99	0.75	0.58	0.95	0.91	0.91	0.8	0.79	0.59	0.6	0.95	0.78	0.58	-0.7	0.8	0.91	0.92	0.92		0.58	0.96	0.82	0.96
Common Stock	0.87	0.54	0.04	0.65	0.95	0.97	0.53	0.54	0.83	0.92	0.37	0.97	0.94	0.59	0.51	1.0	-0.37	0.85	0.3	0.66	0.81	0.58		0.68	0.62	0.76
Long Term Debt	0.9	0.87	-0.54	0.98	0.81	0.64	0.94	0.85	0.91	0.88	0.86	0.66	0.69	0.94	0.67	0.68	-0.71	0.84	0.76	0.9	0.93	0.96	0.68		0.7	0.96
Short Term Investments	0.81	0.79	-0.35	0.82	0.75	0.69	0.73	0.82	0.88	0.68	0.33	0.7	0.64	0.76	0.87	0.62	-0.51	0.75	0.87	0.79	0.82	0.82	0.62	0.7		0.84
Net Invested Capital	0.96	0.88	-0.47	0.98	0.9	0.77	0.91	0.88	0.99	0.91	0.71	0.78	0.73	0.93	0.76	0.76	-0.66	0.9	0.81	0.92	0.98	0.96	0.76	0.96	0.84

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Vibhor Steel Account Relationship Matchups

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Vibhor Depreciation vs Other Non Cash Items Analysis

Depreciation vs Other Non Cash Items

Depreciation vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Depreciation

Other Non Cash Items

Vibhor Steel fundamental ratios Correlations

Vibhor Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Current Deferred Revenue
Common Stock	+ 1.0	Common Stock Shares Outstanding
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total

Non Current Liabilities Total	- 0.89	Current Deferred Revenue
Non Current Liabilities Total	- 0.88	Cash And Short Term Investments
Current Deferred Revenue	- 0.76	Other Current Liab
Cash And Short Term Investments	- 0.74	Other Current Liab
Long Term Debt	- 0.71	Non Current Liabilities Total
Short Term Debt	- 0.7	Non Current Liabilities Total