Ankit Other Operating Expenses vs Total Other Income Expense Net Analysis

ANKITMETAL   3.40  0.10  2.86%   
Ankit Metal financial indicator trend analysis is way more than just evaluating Ankit Metal Power prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ankit Metal Power is a good investment. Please check the relationship between Ankit Metal Other Operating Expenses and its Total Other Income Expense Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ankit Metal Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Other Operating Expenses vs Total Other Income Expense Net

Other Operating Expenses vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ankit Metal Power Other Operating Expenses account and Total Other Income Expense Net. At this time, the significance of the direction appears to have pay attention.
The correlation between Ankit Metal's Other Operating Expenses and Total Other Income Expense Net is -0.71. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Ankit Metal Power, assuming nothing else is changed. The correlation between historical values of Ankit Metal's Other Operating Expenses and Total Other Income Expense Net 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 Operating Expenses of Ankit Metal Power are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Other Operating Expenses i.e., Ankit Metal's Other Operating Expenses and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.71
Relationship DirectionNegative 
Relationship StrengthWeak

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ankit Metal Power. It is also known as Ankit Metal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Other Income Expense Net

Most indicators from Ankit Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ankit Metal Power 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ankit Metal Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
As of December 1, 2024, Selling General Administrative is expected to decline to about 7.7 M

Ankit Metal fundamental ratios Correlations

0.58-0.10.10.270.910.550.130.350.510.90.450.720.530.660.630.840.670.440.950.030.550.1-0.19-0.23-0.36
0.580.450.68-0.570.281.0-0.670.91-0.340.27-0.06-0.050.940.220.930.580.920.960.730.640.950.010.63-0.86-0.15
-0.10.450.92-0.82-0.260.47-0.820.59-0.64-0.26-0.62-0.680.55-0.660.43-0.030.460.60.030.920.53-0.370.78-0.670.62
0.10.680.92-0.87-0.120.69-0.90.8-0.63-0.13-0.45-0.580.75-0.510.650.080.670.790.250.990.74-0.210.84-0.840.51
0.27-0.57-0.82-0.870.51-0.590.99-0.740.910.510.580.83-0.60.56-0.470.16-0.44-0.70.06-0.88-0.580.16-0.930.84-0.39
0.910.28-0.26-0.120.510.260.380.030.691.00.540.780.290.620.290.720.460.150.73-0.170.30.2-0.380.12-0.32
0.551.00.470.69-0.590.26-0.690.92-0.370.24-0.08-0.080.940.20.930.560.910.970.710.650.940.010.64-0.87-0.14
0.13-0.67-0.82-0.90.990.38-0.69-0.820.850.390.520.75-0.70.48-0.580.06-0.57-0.79-0.07-0.91-0.690.14-0.940.89-0.34
0.350.910.590.8-0.740.030.92-0.82-0.520.02-0.2-0.290.93-0.070.880.350.860.980.540.760.94-0.040.76-0.910.07
0.51-0.34-0.64-0.630.910.69-0.370.85-0.520.70.610.89-0.30.5-0.220.29-0.12-0.450.3-0.65-0.290.11-0.790.65-0.26
0.90.27-0.26-0.130.511.00.240.390.020.70.540.780.280.620.270.70.450.130.71-0.180.290.22-0.390.14-0.31
0.45-0.06-0.62-0.450.580.54-0.080.52-0.20.610.540.65-0.080.59-0.10.360.01-0.190.32-0.46-0.080.75-0.580.29-0.4
0.72-0.05-0.68-0.580.830.78-0.080.75-0.290.890.780.65-0.130.790.080.560.04-0.220.59-0.62-0.10.13-0.760.41-0.53
0.530.940.550.75-0.60.290.94-0.70.93-0.30.28-0.08-0.130.020.880.460.980.970.640.721.00.020.69-0.820.03
0.660.22-0.66-0.510.560.620.20.48-0.070.50.620.590.790.020.20.670.13-0.010.61-0.580.050.33-0.550.12-0.85
0.630.930.430.65-0.470.290.93-0.580.88-0.220.27-0.10.080.880.20.570.870.910.810.590.9-0.190.52-0.82-0.06
0.840.58-0.030.080.160.720.560.060.350.290.70.360.560.460.670.570.530.440.830.00.470.02-0.13-0.28-0.49
0.670.920.460.67-0.440.460.91-0.570.86-0.120.450.010.040.980.130.870.530.920.730.630.980.040.57-0.72-0.01
0.440.960.60.79-0.70.150.97-0.790.98-0.450.13-0.19-0.220.97-0.010.910.440.920.610.760.97-0.060.76-0.890.04
0.950.730.030.250.060.730.71-0.070.540.30.710.320.590.640.610.810.830.730.610.180.670.0-0.03-0.46-0.34
0.030.640.920.99-0.88-0.170.65-0.910.76-0.65-0.18-0.46-0.620.72-0.580.590.00.630.760.180.71-0.210.86-0.810.57
0.550.950.530.74-0.580.30.94-0.690.94-0.290.29-0.08-0.11.00.050.90.470.980.970.670.710.010.67-0.830.01
0.10.01-0.37-0.210.160.20.010.14-0.040.110.220.750.130.020.33-0.190.020.04-0.060.0-0.210.01-0.210.09-0.26
-0.190.630.780.84-0.93-0.380.64-0.940.76-0.79-0.39-0.58-0.760.69-0.550.52-0.130.570.76-0.030.860.67-0.21-0.760.39
-0.23-0.86-0.67-0.840.840.12-0.870.89-0.910.650.140.290.41-0.820.12-0.82-0.28-0.72-0.89-0.46-0.81-0.830.09-0.76-0.06
-0.36-0.150.620.51-0.39-0.32-0.14-0.340.07-0.26-0.31-0.4-0.530.03-0.85-0.06-0.49-0.010.04-0.340.570.01-0.260.39-0.06
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Ankit Metal Account Relationship Matchups

Ankit Metal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.8B12.2B12.2B12.0B13.7B13.7B
Short Long Term Debt Total12.0B11.7B11.4B11.0B12.7B9.3B
Other Current Liab2.4B3.1B1.9B3.8B4.3B4.6B
Total Current Liabilities16.6B17.7B19.3B20.6B23.7B24.9B
Total Stockholder Equity(6.6B)(7.3B)(7.9B)(8.8B)(7.9B)(7.5B)
Property Plant And Equipment Net5.5B5.0B4.9B4.7B5.4B6.0B
Net Debt12.0B11.7B11.4B11.0B12.7B9.2B
Retained Earnings(11.0B)(11.8B)(12.3B)(13.3B)(12.0B)(11.4B)
Accounts Payable5.0B4.7B6.0B5.9B6.8B4.0B
Cash6.0M8.7M6.2M10.9M9.8M9.4M
Non Current Assets Total5.5B5.0B4.9B4.8B5.5B6.1B
Cash And Short Term Investments6.2M9.1M6.5M10.9M9.8M9.4M
Net Receivables1.1B513.3M951.3M614.9M553.4M525.7M
Liabilities And Stockholders Equity12.8B12.2B12.2B12.0B13.7B13.7B
Non Current Liabilities Total2.8B1.8B699.2M157.2M141.5M134.4M
Inventory5.3B5.7B6.0B5.7B6.6B4.6B
Other Current Assets808.0M893.7M345.8M845.1M971.8M933.4M
Total Liab19.3B19.5B20.0B20.8B23.9B15.1B
Total Current Assets7.2B7.1B7.3B7.2B8.3B7.6B
Accumulated Other Comprehensive Income(2.4B)(6.9M)(633K)12.2M11.0M11.5M
Short Term Debt9.2B9.9B10.7B10.9B12.6B13.2B
Non Currrent Assets Other26.4M9.4M19.1M19.6M17.6M16.7M
Current Deferred Revenue1.7B1.8B1.8B1.7B1.9B1.0B
Net Tangible Assets(5.8B)(6.6B)(7.3B)(7.9B)(7.1B)(6.7B)
Other Assets26.4M9.4M19.1M19.6M22.5M22.7M
Long Term Debt2.8B1.8B656.6M110.3M99.3M94.3M
Short Long Term Debt9.2B3.8B10.7B10.9B12.6B7.0B
Property Plant Equipment5.5B5.0B4.9B4.7B4.3B5.0B
Long Term Debt Total2.8B1.8B656.6M110.3M99.3M94.3M
Short Term Investments217K330K242K57.0M51.3M48.7M
Cash And Equivalents6.0M8.7M6.2M10.9M9.8M9.9M
Net Invested Capital5.4B(1.8B)3.5B2.2B2.0B3.1B
Net Working Capital(9.3B)(10.6B)(12.1B)(13.4B)(12.1B)(12.7B)

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Other Information on Investing in Ankit Stock

Balance Sheet is a snapshot of the financial position of Ankit Metal Power at a specified time, usually calculated after every quarter, six months, or one year. Ankit Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ankit Metal 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 Ankit currently owns. An asset can also be divided into two categories, current and non-current.