HDFC Income Before Tax vs Ebit Analysis

HDFCAMC Stock

4,210 32.15 0.76%

HDFC Asset financial indicator trend analysis is much more than just examining HDFC Asset Management latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HDFC Asset Management is a good investment. Please check the relationship between HDFC Asset Income Before Tax and its Ebit accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HDFC Asset Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HDFC Asset Management Income Before Tax account and Ebit. At this time, the significance of the direction appears to have strong relationship.

The correlation between HDFC Asset's Income Before Tax and Ebit is 0.78. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit in the same time period over historical financial statements of HDFC Asset Management, assuming nothing else is changed. The correlation between historical values of HDFC Asset's Income Before Tax and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of HDFC Asset Management are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., HDFC Asset's Income Before Tax and Ebit go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on HDFC Asset income statement and is an important metric when analyzing HDFC Asset Management profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Ebit

Most indicators from HDFC Asset's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HDFC Asset Management 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 HDFC Asset Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of November 29, 2024, Selling General Administrative is expected to decline to about 208.5 M. In addition to that, Tax Provision is expected to decline to about 4.3 B

	2021	2022	2023	2024 (projected)
Gross Profit	18.6B	18.5B	22.8B	14.5B
Total Revenue	21.2B	21.7B	25.8B	18.3B

Gross Profit Total Revenue

HDFC Asset fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Liab	Net Tangible Assets
Total Assets		-0.39	-0.46	0.91	0.92	0.33	0.9	-0.67	0.4	0.9	0.37	0.63	0.28	0.66	0.18	-0.24	-0.05	0.06	0.74	0.83	-0.3	0.85	-0.45	-0.56	0.78	0.99
Other Current Liab	-0.39		0.98	-0.42	-0.41	-0.49	-0.41	-0.18	-0.13	-0.43	-0.17	-0.12	0.02	-0.34	-0.16	0.06	0.9	0.34	-0.47	-0.49	0.16	-0.31	-0.01	0.05	-0.19	-0.44
Total Current Liabilities	-0.46	0.98		-0.54	-0.46	-0.47	-0.53	-0.08	-0.25	-0.54	-0.32	-0.27	-0.05	-0.49	-0.23	-0.02	0.88	0.32	-0.55	-0.56	0.18	-0.41	0.12	0.06	-0.29	-0.5
Total Stockholder Equity	0.91	-0.42	-0.54		0.84	0.23	1.0	-0.58	0.47	0.97	0.61	0.78	0.4	0.9	0.21	-0.1	-0.15	0.03	0.71	0.79	-0.36	0.87	-0.65	-0.52	0.87	0.9
Property Plant And Equipment Net	0.92	-0.41	-0.46	0.84		0.4	0.82	-0.61	0.59	0.81	0.22	0.49	0.35	0.63	0.07	-0.48	-0.08	0.12	0.75	0.77	-0.33	0.8	-0.3	-0.7	0.67	0.93
Net Debt	0.33	-0.49	-0.47	0.23	0.4		0.2	-0.29	0.07	0.33	-0.29	-0.13	-0.31	0.1	0.0	-0.4	-0.37	-0.43	0.37	0.36	-0.32	0.24	0.39	-0.31	-0.01	0.37
Retained Earnings	0.9	-0.41	-0.53	1.0	0.82	0.2		-0.55	0.45	0.96	0.62	0.8	0.42	0.89	0.19	-0.07	-0.14	0.06	0.68	0.78	-0.35	0.87	-0.68	-0.48	0.89	0.88
Accounts Payable	-0.67	-0.18	-0.08	-0.58	-0.61	-0.29	-0.55		-0.3	-0.61	-0.1	-0.33	-0.08	-0.49	-0.15	0.37	-0.36	-0.04	-0.52	-0.58	0.15	-0.54	0.18	0.56	-0.48	-0.66
Cash	0.4	-0.13	-0.25	0.47	0.59	0.07	0.45	-0.3		0.3	0.42	0.32	0.72	0.5	0.48	-0.28	-0.11	0.56	0.6	0.43	-0.46	0.33	-0.34	-0.46	0.2	0.41
Non Current Assets Total	0.9	-0.43	-0.54	0.97	0.81	0.33	0.96	-0.61	0.3		0.5	0.76	0.16	0.85	0.08	-0.07	-0.15	-0.2	0.67	0.76	-0.24	0.89	-0.54	-0.48	0.85	0.89
Non Currrent Assets Other	0.37	-0.17	-0.32	0.61	0.22	-0.29	0.62	-0.1	0.42	0.5		0.71	0.52	0.68	0.52	0.44	-0.22	0.21	0.36	0.34	-0.38	0.32	-0.91	-0.06	0.5	0.34
Other Assets	0.63	-0.12	-0.27	0.78	0.49	-0.13	0.8	-0.33	0.32	0.76	0.71		0.3	0.69	-0.01	0.44	0.09	0.02	0.29	0.37	0.01	0.82	-0.81	-0.05	0.84	0.56
Cash And Short Term Investments	0.28	0.02	-0.05	0.4	0.35	-0.31	0.42	-0.08	0.72	0.16	0.52	0.3		0.43	0.5	-0.21	0.02	0.87	0.33	0.32	-0.55	0.19	-0.57	-0.36	0.34	0.28
Common Stock Shares Outstanding	0.66	-0.34	-0.49	0.9	0.63	0.1	0.89	-0.49	0.5	0.85	0.68	0.69	0.43		0.29	-0.05	-0.22	-0.01	0.66	0.68	-0.37	0.7	-0.64	-0.48	0.73	0.66
Short Term Investments	0.18	-0.16	-0.23	0.21	0.07	0.0	0.19	-0.15	0.48	0.08	0.52	-0.01	0.5	0.29		-0.03	-0.34	0.39	0.49	0.42	-0.63	-0.15	-0.25	-0.25	-0.07	0.21
Other Stockholder Equity	-0.24	0.06	-0.02	-0.1	-0.48	-0.4	-0.07	0.37	-0.28	-0.07	0.44	0.44	-0.21	-0.05	-0.03		-0.05	-0.23	-0.32	-0.28	0.4	-0.02	-0.38	0.76	0.02	-0.31
Total Liab	-0.05	0.9	0.88	-0.15	-0.08	-0.37	-0.14	-0.36	-0.11	-0.15	-0.22	0.09	0.02	-0.22	-0.34	-0.05		0.31	-0.35	-0.3	0.21	0.06	-0.06	-0.11	0.12	-0.11
Total Current Assets	0.06	0.34	0.32	0.03	0.12	-0.43	0.06	-0.04	0.56	-0.2	0.21	0.02	0.87	-0.01	0.39	-0.23	0.31		0.07	0.06	-0.36	-0.07	-0.32	-0.2	0.06	0.05
Intangible Assets	0.74	-0.47	-0.55	0.71	0.75	0.37	0.68	-0.52	0.6	0.67	0.36	0.29	0.33	0.66	0.49	-0.32	-0.35	0.07		0.95	-0.5	0.48	-0.25	-0.58	0.31	0.78
Common Stock	0.83	-0.49	-0.56	0.79	0.77	0.36	0.78	-0.58	0.43	0.76	0.34	0.37	0.32	0.68	0.42	-0.28	-0.3	0.06	0.95		-0.44	0.6	-0.3	-0.54	0.48	0.87
Net Receivables	-0.3	0.16	0.18	-0.36	-0.33	-0.32	-0.35	0.15	-0.46	-0.24	-0.38	0.01	-0.55	-0.37	-0.63	0.4	0.21	-0.36	-0.5	-0.44		0.0	0.29	0.65	-0.1	-0.34
Non Current Liabilities Total	0.85	-0.31	-0.41	0.87	0.8	0.24	0.87	-0.54	0.33	0.89	0.32	0.82	0.19	0.7	-0.15	-0.02	0.06	-0.07	0.48	0.6	0.0		-0.45	-0.35	0.89	0.81
Inventory	-0.45	-0.01	0.12	-0.65	-0.3	0.39	-0.68	0.18	-0.34	-0.54	-0.91	-0.81	-0.57	-0.64	-0.25	-0.38	-0.06	-0.32	-0.25	-0.3	0.29	-0.45		0.1	-0.68	-0.39
Other Current Assets	-0.56	0.05	0.06	-0.52	-0.7	-0.31	-0.48	0.56	-0.46	-0.48	-0.06	-0.05	-0.36	-0.48	-0.25	0.76	-0.11	-0.2	-0.58	-0.54	0.65	-0.35	0.1		-0.35	-0.61
Other Liab	0.78	-0.19	-0.29	0.87	0.67	-0.01	0.89	-0.48	0.2	0.85	0.5	0.84	0.34	0.73	-0.07	0.02	0.12	0.06	0.31	0.48	-0.1	0.89	-0.68	-0.35		0.74
Net Tangible Assets	0.99	-0.44	-0.5	0.9	0.93	0.37	0.88	-0.66	0.41	0.89	0.34	0.56	0.28	0.66	0.21	-0.31	-0.11	0.05	0.78	0.87	-0.34	0.81	-0.39	-0.61	0.74

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HDFC Asset Account Relationship Matchups

HDFC Asset fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	43.1B	50.9B	58.8B	65.4B	75.5B	38.5B
Other Current Liab	1.4B	387M	329.8M	12.2M	2.2B	2.3B
Total Current Liabilities	1.9B	1.9B	1.8B	540.7M	2.6B	1.9B
Total Stockholder Equity	40.3B	47.8B	55.3B	61.1B	70.8B	74.3B
Property Plant And Equipment Net	1.4B	1.4B	1.2B	1.4B	1.4B	766.3M
Net Debt	910.4M	1.2B	1.1B	1.3B	(103.3M)	(98.1M)
Retained Earnings	31.3B	38.6B	45.3B	50.6B	59.8B	62.7B
Accounts Payable	467.3M	421.1M	292.4M	344.6M	389.6M	614.0M
Cash	266.4M	16.8M	18.7M	44.6M	103.3M	108.5M
Non Current Assets Total	20.9B	49.7B	44.3B	63.0B	57.2B	60.1B
Non Currrent Assets Other	13.8B	148.4M	73.4M	427.8M	53.1B	55.7B
Other Assets	222.5M	4.7M	3.8M	69.6B	80.0B	84.0B
Cash And Short Term Investments	21.2B	224.2M	13.5B	70.3M	16.6B	17.5B
Common Stock Shares Outstanding	213.1M	213.3M	213.3M	213.4M	213.7M	229.4M
Short Term Investments	21.0B	207.4M	13.5B	25.7M	16.5B	11.4B
Other Stockholder Equity	(34.1B)	(33.0B)	(39.4B)	6.0B	7.8B	8.2B
Total Liab	2.8B	3.2B	3.5B	4.3B	4.8B	3.5B
Total Current Assets	22.2B	1.3B	14.5B	2.3B	18.3B	11.2B
Intangible Assets	138.8M	115M	73.4M	89.8M	97.9M	75.2M
Common Stock	1.1B	1.1B	1.1B	1.1B	1.1B	798.0M
Net Receivables	649.6M	1.1B	838.4M	1.9B	985.2M	991.0M
Liabilities And Stockholders Equity	43.1B	50.9B	58.8B	65.4B	75.5B	40.5B
Non Current Liabilities Total	936M	1.3B	1.7B	3.7B	2.2B	2.3B
Inventory	152M	(285.3M)	2.8M	(71.7M)	(68.9B)	(65.5B)
Other Current Assets	168.3M	224.6M	228.3M	2.6B	1.7B	1.7B
Accumulated Other Comprehensive Income	(1.2B)	2.4B	3.0B	3.4B	2.1B	2.1B
Other Liab	37.3M	64.7M	391.4M	859.2M	988.1M	1.0B
Net Tangible Assets	30.5B	40.1B	47.6B	55.2B	63.4B	32.0B
Property Plant Equipment	1.4B	1.4B	1.2B	1.4B	1.6B	800.9M
Short Long Term Debt Total	1.5B	1.5B	1.3B	1.3B	766.8M	921.6M
Long Term Debt Total	1.2B	1.2B	1.1B	1.3B	1.5B	1.6B
Capital Surpluse	5.4B	5.6B	5.7B	5.9B	6.8B	4.8B
Net Invested Capital	40.3B	47.8B	55.3B	61.1B	70.8B	51.5B
Net Working Capital	20.4B	709.5M	826M	1.8B	1.3B	1.3B
Capital Stock	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B

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Other Information on Investing in HDFC Stock

Balance Sheet is a snapshot of the financial position of HDFC Asset Management at a specified time, usually calculated after every quarter, six months, or one year. HDFC Asset Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HDFC Asset 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 HDFC currently owns. An asset can also be divided into two categories, current and non-current.

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HDFC Income Before Tax vs Ebit Analysis

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

Correlation Coefficient

Income Before Tax

Ebit

HDFC Asset fundamental ratios Correlations

HDFC Asset Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HDFC Asset fundamental ratios Accounts

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Other Information on Investing in HDFC Stock

COMMON DESTINATIONS

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COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.98	Other Current Liab
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Retained Earnings
Common Stock	+ 0.95	Intangible Assets

Inventory	- 0.91	Non Currrent Assets Other
Inventory	- 0.81	Other Assets
Other Current Assets	- 0.7	Property Plant And Equipment Net
Other Liab	- 0.68	Inventory
Inventory	- 0.68	Retained Earnings
Accounts Payable	- 0.67	Total Assets