| ELGIRUBCO | | | 109.80 1.82 1.63% |
Elgi Rubber financial indicator trend analysis is much more than just examining Elgi Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elgi Rubber is a good investment. Please check the relationship between Elgi Rubber Cost Of Revenue and its Other Operating Expenses accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elgi Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Cost Of Revenue vs Other Operating Expenses
Cost Of Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Elgi Rubber Cost Of Revenue account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Elgi Rubber's Cost Of Revenue and Other Operating Expenses is 0.9. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Elgi Rubber, assuming nothing else is changed. The correlation between historical values of Elgi Rubber's Cost Of Revenue and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Elgi Rubber are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Cost Of Revenue i.e., Elgi Rubber's Cost Of Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Elgi Rubber income statement and represents the costs associated with goods and services Elgi Rubber provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Elgi Rubber. It is also known as Elgi Rubber 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.
Most indicators from Elgi Rubber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elgi Rubber 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 Elgi Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
The current year's
Selling General Administrative is expected to grow to about 161.2
M, whereas
Tax Provision is forecasted to decline to about 15.6
M.
Elgi Rubber fundamental ratios Correlations
Click cells to compare fundamentals
Elgi Rubber Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elgi Rubber fundamental ratios Accounts
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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 Elgi Stock
Balance Sheet is a snapshot of the
financial position of Elgi Rubber at a specified time, usually calculated after every quarter, six months, or one year. Elgi Rubber Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Elgi Rubber 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 Elgi currently owns. An asset can also be divided into two categories, current and non-current.