GPIL Stock | | | 233.40 2.20 0.93% |
Godawari Power financial indicator trend analysis is much more than just examining Godawari Power And latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Godawari Power And is a good investment. Please check the relationship between Godawari Power Other Non Cash Items and its Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godawari Power And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Non Cash Items vs Depreciation
Other Non Cash Items vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godawari Power And Other Non Cash Items account and
Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Godawari Power's Other Non Cash Items and Depreciation is 0.1. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of Godawari Power And, assuming nothing else is changed. The correlation between historical values of Godawari Power's Other Non Cash Items and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Godawari Power And are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Other Non Cash Items i.e., Godawari Power's Other Non Cash Items and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Non Cash Items
Depreciation
Depreciation indicates how much of Godawari Power And value has been used up. For tax purposes Godawari Power can deduct the cost of the tangible assets it purchases as business expenses. However, Godawari Power And must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Godawari Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Godawari Power And 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 Godawari Power And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 186.6
M in 2024, whereas
Tax Provision is likely to drop slightly above 1.9
B in 2024.
Godawari Power fundamental ratios Correlations
Click cells to compare fundamentals
Godawari Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Godawari Power fundamental ratios Accounts
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Additional Tools for Godawari Stock Analysis
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measure Godawari Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Godawari Power is operating at the current time. Most of Godawari Power's value examination focuses on studying past and present price action to
predict the probability of Godawari Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godawari Power's price. Additionally, you may evaluate how the addition of Godawari Power to your portfolios can decrease your overall portfolio volatility.