CIGNITITEC | | | 1,676 57.25 3.30% |
Cigniti Technologies financial indicator trend analysis is way more than just evaluating Cigniti Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cigniti Technologies is a good investment. Please check the relationship between Cigniti Technologies Total Revenue and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigniti Technologies 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 gross domestic product.
Total Revenue vs Operating Income
Total Revenue vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cigniti Technologies Total Revenue account and
Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cigniti Technologies' Total Revenue and Operating Income is 0.92. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Cigniti Technologies Limited, assuming nothing else is changed. The correlation between historical values of Cigniti Technologies' Total Revenue and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Cigniti Technologies Limited are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Revenue i.e., Cigniti Technologies' Total Revenue and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Cigniti Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Operating Income
Operating Income is the amount of profit realized from Cigniti Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cigniti Technologies Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Cigniti Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cigniti Technologies 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 Cigniti Technologies 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 gross domestic product.
The Cigniti Technologies' current
Tax Provision is estimated to increase to about 575.2
M, while
Selling General Administrative is projected to decrease to under 332.4
M.
Cigniti Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Cigniti Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cigniti Technologies fundamental ratios Accounts
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Other Information on Investing in Cigniti Stock
Balance Sheet is a snapshot of the
financial position of Cigniti Technologies at a specified time, usually calculated after every quarter, six months, or one year. Cigniti Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cigniti Technologies 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 Cigniti currently owns. An asset can also be divided into two categories, current and non-current.