Gangotri Net Receivables vs Total Current Assets Analysis

Stocks . India . 
Stock . Gangotri Textiles Limited
GANGOTRI   1.14  0.06  5.00%   
Gangotri Textiles financial indicator trend analysis is much more than just examining Gangotri Textiles latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gangotri Textiles is a good investment. Please check the relationship between Gangotri Textiles Net Receivables and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gangotri Textiles 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 persons.

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gangotri Textiles Net Receivables account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gangotri Textiles' Net Receivables and Total Current Assets is -0.03. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Gangotri Textiles Limited, assuming nothing else is changed. The correlation between historical values of Gangotri Textiles' Net Receivables and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Gangotri Textiles Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Receivables i.e., Gangotri Textiles' Net Receivables and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Gangotri Textiles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gangotri Textiles 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gangotri Textiles 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 persons.
As of 11/28/2024, Tax Provision is likely to grow to about 9.5 M, while Selling General Administrative is likely to drop slightly above 198.9 K.
 2023 2024 (projected)
Total Operating Expenses746K708.7K
Cost Of Revenue3K2.9K

Gangotri Textiles fundamental ratios Correlations

Common Stock Shares Outstanding
Total Assets
Short Long Term Debt Total
Other Current Liab
Total Current Liabilities
Total Stockholder Equity
Property Plant And Equipment Net
Net Debt
Retained Earnings
Cash
Non Current Assets Total
Non Currrent Assets Other
Cash And Short Term Investments
Non Current Liabilities Total
Inventory
Other Current Assets
Other Stockholder Equity
Total Liab
Total Current Assets
Common Stock
Current Deferred Revenue
Accounts Payable
Net Receivables
Short Term Debt
Other Liab
Net Tangible Assets
Common Stock Shares Outstanding
0.070.07-0.590.12-0.070.110.07-0.250.070.070.070.070.070.160.120.260.070.10.070.110.130.16-0.10.170.13
Total Assets
0.071.00.461.0-1.00.981.00.251.01.01.01.01.0-0.16-0.120.771.00.991.0-0.1-0.13-0.160.01-0.38-0.24
Short Long Term Debt Total
0.071.00.461.0-1.00.981.00.251.01.01.01.01.0-0.16-0.120.771.00.991.0-0.1-0.13-0.160.01-0.38-0.24
Other Current Liab
-0.590.460.460.4-0.460.40.460.470.460.460.460.460.46-0.29-0.220.080.460.420.46-0.18-0.24-0.290.12-0.59-0.23
Total Current Liabilities
0.121.01.00.4-1.00.981.00.21.01.01.01.01.0-0.16-0.150.791.00.981.0-0.12-0.1-0.140.04-0.34-0.22
Total Stockholder Equity
-0.07-1.0-1.0-0.46-1.0-0.98-1.0-0.25-1.0-1.0-1.0-1.0-1.00.160.12-0.77-1.0-0.99-1.00.10.130.16-0.010.380.24
Property Plant And Equipment Net
0.110.980.980.40.98-0.980.980.20.980.980.980.980.980.040.050.760.981.00.980.06-0.010.01-0.09-0.21-0.07
Net Debt
0.071.01.00.461.0-1.00.980.251.01.01.01.01.0-0.16-0.120.771.00.991.0-0.1-0.13-0.160.01-0.38-0.24
Retained Earnings
-0.250.250.250.470.2-0.250.20.250.250.250.250.250.25-0.150.01-0.280.250.230.250.02-0.23-0.23-0.18-0.56-0.05
Cash
0.071.01.00.461.0-1.00.981.00.251.01.01.01.0-0.15-0.110.771.00.991.0-0.1-0.13-0.160.0-0.38-0.23
Non Current Assets Total
0.071.01.00.461.0-1.00.981.00.251.01.01.01.0-0.16-0.120.771.00.991.0-0.1-0.13-0.160.01-0.38-0.24
Non Currrent Assets Other
0.071.01.00.461.0-1.00.981.00.251.01.01.01.0-0.16-0.120.771.00.991.0-0.1-0.13-0.160.01-0.38-0.24
Cash And Short Term Investments
0.071.01.00.461.0-1.00.981.00.251.01.01.01.0-0.15-0.110.771.00.991.0-0.1-0.13-0.160.0-0.38-0.23
Non Current Liabilities Total
0.071.01.00.461.0-1.00.981.00.251.01.01.01.0-0.16-0.120.771.00.991.0-0.1-0.13-0.160.01-0.38-0.24
Inventory
0.16-0.16-0.16-0.29-0.160.160.04-0.16-0.15-0.15-0.16-0.16-0.15-0.160.91-0.1-0.160.0-0.160.830.50.74-0.590.760.77
Other Current Assets
0.12-0.12-0.12-0.22-0.150.120.05-0.120.01-0.11-0.12-0.12-0.11-0.120.91-0.04-0.120.02-0.120.830.280.54-0.70.540.59
Other Stockholder Equity
0.260.770.770.080.79-0.770.760.77-0.280.770.770.770.770.77-0.1-0.040.770.770.77-0.07-0.12-0.12-0.02-0.12-0.36
Total Liab
0.071.01.00.461.0-1.00.981.00.251.01.01.01.01.0-0.16-0.120.770.991.0-0.1-0.13-0.160.01-0.38-0.24
Total Current Assets
0.10.990.990.420.98-0.991.00.990.230.990.990.990.990.990.00.020.770.990.990.02-0.03-0.03-0.08-0.27-0.11
Common Stock
0.071.01.00.461.0-1.00.981.00.251.01.01.01.01.0-0.16-0.120.771.00.99-0.1-0.13-0.160.01-0.38-0.24
Current Deferred Revenue
0.11-0.1-0.1-0.18-0.120.10.06-0.10.02-0.1-0.1-0.1-0.1-0.10.830.83-0.07-0.10.02-0.10.10.44-0.920.470.55
Accounts Payable
0.13-0.13-0.13-0.24-0.10.13-0.01-0.13-0.23-0.13-0.13-0.13-0.13-0.130.50.28-0.12-0.13-0.03-0.130.10.930.110.60.65
Net Receivables
0.16-0.16-0.16-0.29-0.140.160.01-0.16-0.23-0.16-0.16-0.16-0.16-0.160.740.54-0.12-0.16-0.03-0.160.440.93-0.210.720.76
Short Term Debt
-0.10.010.010.120.04-0.01-0.090.01-0.180.00.010.010.00.01-0.59-0.7-0.020.01-0.080.01-0.920.11-0.21-0.17-0.31
Other Liab
0.17-0.38-0.38-0.59-0.340.38-0.21-0.38-0.56-0.38-0.38-0.38-0.38-0.380.760.54-0.12-0.38-0.27-0.380.470.60.72-0.170.55
Net Tangible Assets
0.13-0.24-0.24-0.23-0.220.24-0.07-0.24-0.05-0.23-0.24-0.24-0.23-0.240.770.59-0.36-0.24-0.11-0.240.550.650.76-0.310.55
Click cells to compare fundamentals

Gangotri Textiles Account Relationship Matchups

High Positive Relationship

Short Long Term Debt Total
+ 1.0
Total Assets
Total Current Liabilities
+ 1.0
Total Assets
Net Debt
+ 1.0
Total Assets
Cash
+ 1.0
Total Assets
Non Current Assets Total
+ 1.0
Total Assets
Non Currrent Assets Other
+ 1.0
Total Assets

High Negative Relationship

Common Stock
- 1.0
Total Stockholder Equity
Total Liab
- 1.0
Total Stockholder Equity
Non Current Liabilities Total
- 1.0
Total Stockholder Equity
Cash And Short Term Investments
- 1.0
Total Stockholder Equity
Non Currrent Assets Other
- 1.0
Total Stockholder Equity
Non Current Assets Total
- 1.0
Total Stockholder Equity

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