Elgi Operating Income vs Net Income Analysis

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 DirectionPositive 
Relationship StrengthSignificant

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.
 2021 2022 2023 2024 (projected)
Gross Profit1.8B2.1B2.0B1.9B
Total Revenue3.9B3.9B3.9B3.9B

Elgi Rubber fundamental ratios Correlations

-0.67-0.570.37-0.580.09-0.39-0.590.18-0.260.58-0.66-0.020.570.37-0.54-0.49-0.440.2-0.61-0.030.20.130.01-0.49-0.23
-0.670.84-0.150.79-0.10.760.85-0.440.2-0.520.96-0.25-0.52-0.490.930.690.54-0.150.90.15-0.23-0.36-0.20.750.43
-0.570.84-0.320.97-0.540.710.98-0.750.26-0.790.89-0.31-0.76-0.410.780.540.48-0.230.98-0.06-0.17-0.420.090.970.38
0.37-0.15-0.32-0.260.36-0.19-0.360.27-0.010.5-0.160.120.590.28-0.21-0.37-0.320.03-0.270.120.090.230.12-0.350.09
-0.580.790.97-0.26-0.620.630.95-0.750.39-0.760.83-0.27-0.69-0.410.660.480.48-0.190.96-0.06-0.21-0.360.180.970.31
0.09-0.1-0.540.36-0.62-0.1-0.520.78-0.310.7-0.20.10.630.36-0.05-0.02-0.38-0.1-0.470.550.390.14-0.48-0.660.02
-0.390.760.71-0.190.63-0.10.73-0.48-0.13-0.490.76-0.8-0.51-0.360.720.640.34-0.270.710.09-0.07-0.56-0.520.680.34
-0.590.850.98-0.360.95-0.520.73-0.740.18-0.820.91-0.32-0.78-0.490.820.580.53-0.220.98-0.08-0.18-0.460.030.970.38
0.18-0.44-0.750.27-0.750.78-0.48-0.74-0.040.71-0.540.320.660.39-0.43-0.28-0.360.24-0.70.390.260.29-0.27-0.82-0.19
-0.260.20.26-0.010.39-0.31-0.130.18-0.04-0.030.090.25-0.010.010.030.20.110.220.290.28-0.13-0.10.210.190.21
0.58-0.52-0.790.5-0.760.7-0.49-0.820.71-0.03-0.650.220.950.49-0.51-0.37-0.520.17-0.740.480.30.38-0.23-0.84-0.17
-0.660.960.89-0.160.83-0.20.760.91-0.540.09-0.65-0.24-0.62-0.480.930.550.5-0.160.93-0.04-0.19-0.29-0.080.820.52
-0.02-0.25-0.310.12-0.270.1-0.8-0.320.320.250.22-0.240.240.17-0.2-0.4-0.120.2-0.27-0.090.00.540.63-0.36-0.06
0.57-0.52-0.760.59-0.690.63-0.51-0.780.66-0.010.95-0.620.240.51-0.54-0.41-0.540.12-0.690.430.320.42-0.1-0.77-0.17
0.37-0.49-0.410.28-0.410.36-0.36-0.490.390.010.49-0.480.170.51-0.51-0.39-0.96-0.46-0.480.320.810.130.24-0.46-0.06
-0.540.930.78-0.210.66-0.050.720.82-0.430.03-0.510.93-0.2-0.54-0.510.670.51-0.110.840.1-0.15-0.41-0.270.680.54
-0.490.690.54-0.370.48-0.020.640.58-0.280.2-0.370.55-0.4-0.41-0.390.670.43-0.320.590.42-0.13-0.78-0.480.480.12
-0.440.540.48-0.320.48-0.380.340.53-0.360.11-0.520.5-0.12-0.54-0.960.510.430.430.53-0.26-0.85-0.11-0.140.51-0.04
0.2-0.15-0.230.03-0.19-0.1-0.27-0.220.240.220.17-0.160.20.12-0.46-0.11-0.320.43-0.18-0.31-0.580.4-0.12-0.220.14
-0.610.90.98-0.270.96-0.470.710.98-0.70.29-0.740.93-0.27-0.69-0.480.840.590.53-0.18-0.01-0.21-0.410.030.950.42
-0.030.15-0.060.12-0.060.550.09-0.080.390.280.48-0.04-0.090.430.320.10.42-0.26-0.31-0.010.47-0.36-0.42-0.16-0.05
0.2-0.23-0.170.09-0.210.39-0.07-0.180.26-0.130.3-0.190.00.320.81-0.15-0.13-0.85-0.58-0.210.47-0.15-0.02-0.230.17
0.13-0.36-0.420.23-0.360.14-0.56-0.460.29-0.10.38-0.290.540.420.13-0.41-0.78-0.110.4-0.41-0.36-0.150.42-0.41-0.08
0.01-0.20.090.120.18-0.48-0.520.03-0.270.21-0.23-0.080.63-0.10.24-0.27-0.48-0.14-0.120.03-0.42-0.020.420.15-0.19
-0.490.750.97-0.350.97-0.660.680.97-0.820.19-0.840.82-0.36-0.77-0.460.680.480.51-0.220.95-0.16-0.23-0.410.150.25
-0.230.430.380.090.310.020.340.38-0.190.21-0.170.52-0.06-0.17-0.060.540.12-0.040.140.42-0.050.17-0.08-0.190.25
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Elgi Rubber Account Relationship Matchups

Elgi Rubber fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.3B4.9B5.0B5.3B5.7B5.6B
Short Long Term Debt Total2.7B2.4B3.2B2.7B3.1B2.3B
Other Current Liab179.1M50K238.0M329.2M242.2M184.0M
Total Current Liabilities2.4B2.3B2.7B2.7B2.7B2.2B
Total Stockholder Equity1.9B1.8B1.7B1.8B1.9B1.8B
Property Plant And Equipment Net2.3B2.2B2.1B2.2B2.3B2.4B
Net Debt2.6B2.3B2.4B2.7B3.0B2.1B
Retained Earnings(229.5M)(218.3M)(385.2M)(317.7M)(201.1M)(191.0M)
Accounts Payable529.6M442.0M565.3M446.4M450.9M466.9M
Cash44.8M100.8M43.6M40.4M38.4M36.5M
Non Current Assets Total2.9B2.8B2.8B3.2B3.4B3.0B
Non Currrent Assets Other145.5M62.6M130.8M134.7M71.8M45.4M
Cash And Short Term Investments44.8M100.8M43.6M219.0M45.7M43.4M
Net Receivables497.4M538.9M1.0B687.7M40K38K
Liabilities And Stockholders Equity5.3B4.9B5.0B5.3B5.7B5.6B
Non Current Liabilities Total1.0B771.3M568.6M763.8M1.0B878.6M
Inventory1.4B1.1B995.5M1.1B1.1B1.3B
Other Current Assets477.3M427.3M114.4M324.7M1.1B1.2B
Total Liab3.4B3.1B3.3B3.5B3.8B3.1B
Total Current Assets2.4B2.2B2.2B2.1B2.3B1.9B
Current Deferred Revenue(1.7B)236.5M9.6M27.5M24.7M26.0M
Short Term Investments270K50K204.0M178.6M7.3M7.6M
Short Term Debt1.7B1.7B1.9B1.9B2.0B1.6B
Accumulated Other Comprehensive Income2.0B2.0B2.0B2.1B1.8B1.9B
Intangible Assets26.9M6.7M12.2M124.4M121.3M63.2M
Net Tangible Assets2.0B1.7B1.7B1.6B1.4B1.7B
Other Assets430.4M351.6M420.8M393.9M(40K)(38K)
Long Term Debt999.2M769.2M1.2B762.6M1.0B1.1B
Short Long Term Debt1.7B1.7B1.3B1.9B2.0B1.6B
Property Plant Equipment2.3B2.2B2.1B2.2B2.0B1.8B
Long Term Debt Total1.0B771.3M1.2B763.8M687.4M802.1M
Net Invested Capital4.5B4.3B4.2B4.6B5.0B3.8B
Net Working Capital(25.1M)(174.6M)26.4M(592.2M)(467.6M)(444.2M)

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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.