Eastern Silk financial indicator trend analysis is much more than just examining Eastern Silk Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Silk Industries is a good investment. Please check the relationship between Eastern Silk Total Revenue and its Net Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Total Revenue vs Net Income
Total Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastern Silk Industries Total Revenue account and
Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Eastern Silk's Total Revenue and Net Income is 0.35. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Eastern Silk Industries, assuming nothing else is changed. The correlation between historical values of Eastern Silk's Total Revenue and Net 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 Eastern Silk Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Eastern Silk's Total Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts Eastern Silk Industries 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Eastern Silk Industries financial statement analysis. It represents the amount of money remaining after all of Eastern Silk Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Eastern Silk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Silk Industries 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 Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Tax Provision is expected to rise to about 4.6
M this year, although the value of
Selling General Administrative will most likely fall to about 18.7
M.
Eastern Silk fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Silk Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Silk fundamental ratios Accounts
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Other Information on Investing in Eastern Stock
Balance Sheet is a snapshot of the
financial position of Eastern Silk Industries at a specified time, usually calculated after every quarter, six months, or one year. Eastern Silk Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Silk 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 Eastern currently owns. An asset can also be divided into two categories, current and non-current.