| ELGIRUBCO | | | 125.44 3.73 2.89% |
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 Operating Income and its Net Income 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.
Operating Income vs Net Income
Operating Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Elgi Rubber Operating Income account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Elgi Rubber's Operating Income and Net Income is 0.61. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income 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 Operating Income 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 Operating Income of Elgi Rubber 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 Operating Income i.e., Elgi Rubber's Operating Income and Net Income go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Elgi Rubber 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 Elgi Rubber 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Elgi Rubber financial statement analysis. It represents the amount of money remaining after all of Elgi Rubber operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 155
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.