DHANUKA Stock | | | 1,510 77.75 4.90% |
Dhanuka Agritech financial indicator trend analysis is much more than just examining Dhanuka Agritech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dhanuka Agritech is a good investment. Please check the relationship between Dhanuka Agritech Depreciation And Amortization and its Ebitda accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dhanuka Agritech 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 employment.
Depreciation And Amortization vs Ebitda
Depreciation And Amortization vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dhanuka Agritech Depreciation And Amortization account and
Ebitda. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dhanuka Agritech's Depreciation And Amortization and Ebitda is 0.87. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Ebitda in the same time period over historical financial statements of Dhanuka Agritech Limited, assuming nothing else is changed. The correlation between historical values of Dhanuka Agritech's Depreciation And Amortization and Ebitda 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 And Amortization of Dhanuka Agritech Limited are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Depreciation And Amortization i.e., Dhanuka Agritech's Depreciation And Amortization and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Ebitda
Most indicators from Dhanuka Agritech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dhanuka Agritech 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dhanuka Agritech 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 employment.
As of December 21, 2024,
Selling General Administrative is expected to decline to about 131.4
M. In addition to that,
Tax Provision is expected to decline to about 609.3
M | 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 32.0M | 31.2M | 31.5M | 29.9M | Depreciation And Amortization | 162.8M | 176.1M | 405.6M | 425.9M |
Dhanuka Agritech fundamental ratios Correlations
Click cells to compare fundamentals
Dhanuka Agritech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dhanuka Agritech fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Dhanuka Stock
Balance Sheet is a snapshot of the
financial position of Dhanuka Agritech at a specified time, usually calculated after every quarter, six months, or one year. Dhanuka Agritech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dhanuka Agritech 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 Dhanuka currently owns. An asset can also be divided into two categories, current and non-current.