Indian Common Stock vs Non Current Assets Total Analysis

IMFA Stock   842.15  1.55  0.18%   
Indian Metals financial indicator trend analysis is infinitely more than just investigating Indian Metals Ferro recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Metals Ferro is a good investment. Please check the relationship between Indian Metals Common Stock and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Metals Ferro. 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.

Common Stock vs Non Current Assets Total

Common Stock vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indian Metals Ferro Common Stock account and Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Indian Metals' Common Stock and Non Current Assets Total is -0.16. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Indian Metals Ferro, assuming nothing else is changed. The correlation between historical values of Indian Metals' Common Stock and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Indian Metals Ferro are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Common Stock i.e., Indian Metals' Common Stock and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Indian Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Metals Ferro 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 Indian Metals Ferro. 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 2.4 B in 2024, whereas Tax Provision is likely to drop slightly above 776.9 M in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses18.7B22.7B17.8B12.7B
Gross Profit13.9B12.2B12.0B8.0B

Indian Metals fundamental ratios Correlations

0.650.920.530.380.650.160.210.390.790.240.630.30.880.060.770.070.71-0.08-0.20.110.910.13-0.050.070.63
0.650.620.520.450.220.36-0.040.260.630.080.30.540.51-0.190.44-0.220.420.07-0.380.20.640.16-0.230.230.51
0.920.620.460.320.580.020.10.280.760.240.60.20.830.050.750.070.73-0.29-0.2-0.040.810.0-0.1-0.190.51
0.530.520.460.980.430.03-0.590.090.810.77-0.120.90.18-0.770.12-0.770.070.01-0.560.830.740.85-0.81-0.260.82
0.380.450.320.980.33-0.02-0.70.030.750.8-0.290.930.0-0.87-0.06-0.87-0.10.03-0.570.890.610.91-0.89-0.30.81
0.650.220.580.430.330.250.130.20.610.370.430.110.57-0.050.48-0.060.42-0.41-0.010.190.720.18-0.07-0.240.48
0.160.360.020.03-0.020.250.460.37-0.05-0.290.410.120.280.190.310.10.220.130.070.090.24-0.080.30.550.02
0.21-0.040.1-0.59-0.70.130.460.28-0.39-0.650.81-0.630.580.920.620.90.590.080.47-0.660.03-0.720.940.61-0.47
0.390.260.280.090.030.20.370.280.27-0.170.320.060.330.210.290.180.18-0.010.07-0.080.21-0.120.160.330.32
0.790.630.760.810.750.61-0.05-0.390.270.610.060.630.43-0.50.27-0.480.22-0.2-0.380.470.810.51-0.59-0.30.92
0.240.080.240.770.80.37-0.29-0.65-0.170.61-0.340.66-0.11-0.78-0.19-0.75-0.22-0.1-0.40.710.460.77-0.8-0.460.68
0.630.30.6-0.12-0.290.430.410.810.320.06-0.34-0.310.910.690.960.680.93-0.080.21-0.430.5-0.470.640.37-0.16
0.30.540.20.90.930.110.12-0.630.060.630.66-0.31-0.05-0.83-0.11-0.84-0.160.28-0.640.840.530.83-0.82-0.060.74
0.880.510.830.180.00.570.280.580.330.43-0.110.91-0.050.450.960.450.93-0.08-0.01-0.230.77-0.240.360.210.21
0.06-0.190.05-0.77-0.87-0.050.190.920.21-0.5-0.780.69-0.830.450.511.00.52-0.010.55-0.84-0.21-0.860.980.46-0.62
0.770.440.750.12-0.060.480.310.620.290.27-0.190.96-0.110.960.510.50.98-0.080.02-0.280.67-0.290.420.220.02
0.07-0.220.07-0.77-0.87-0.060.10.90.18-0.48-0.750.68-0.840.451.00.50.53-0.030.55-0.86-0.21-0.860.960.42-0.62
0.710.420.730.07-0.10.420.220.590.180.22-0.220.93-0.160.930.520.980.53-0.10.03-0.310.6-0.310.430.2-0.07
-0.080.07-0.290.010.03-0.410.130.08-0.01-0.2-0.1-0.080.28-0.08-0.01-0.08-0.03-0.1-0.540.15-0.030.130.050.62-0.02
-0.2-0.38-0.2-0.56-0.57-0.010.070.470.07-0.38-0.40.21-0.64-0.010.550.020.550.03-0.54-0.43-0.36-0.450.560.09-0.4
0.110.2-0.040.830.890.190.09-0.66-0.080.470.71-0.430.84-0.23-0.84-0.28-0.86-0.310.15-0.430.40.98-0.79-0.130.66
0.910.640.810.740.610.720.240.030.210.810.460.50.530.77-0.210.67-0.210.6-0.03-0.360.40.39-0.27-0.030.7
0.130.160.00.850.910.18-0.08-0.72-0.120.510.77-0.470.83-0.24-0.86-0.29-0.86-0.310.13-0.450.980.39-0.84-0.220.68
-0.05-0.23-0.1-0.81-0.89-0.070.30.940.16-0.59-0.80.64-0.820.360.980.420.960.430.050.56-0.79-0.27-0.840.54-0.67
0.070.23-0.19-0.26-0.3-0.240.550.610.33-0.3-0.460.37-0.060.210.460.220.420.20.620.09-0.13-0.03-0.220.54-0.16
0.630.510.510.820.810.480.02-0.470.320.920.68-0.160.740.21-0.620.02-0.62-0.07-0.02-0.40.660.70.68-0.67-0.16
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Indian Metals Account Relationship Matchups

Indian Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.1B25.4B28.2B26.5B28.3B18.2B
Other Current Liab1.2B2.1B3.0B1.8B2.4B1.8B
Total Current Liabilities7.4B7.4B8.6B6.7B6.5B4.6B
Total Stockholder Equity10.8B12.4B17.2B18.7B21.2B22.3B
Retained Earnings5.8B7.4B12.1B13.7B16.1B17.0B
Accounts Payable1.9B1.6B882.1M1.6B2.4B1.6B
Cash53.6M74.6M74.1M80.6M517.6M543.5M
Long Term Debt3.4B2.9B94.5M53.9M2M1.9M
Net Receivables510.3M1.1B1.6B4.3B847.3M804.9M
Inventory4.3B4.5B6.2B6.5B7.1B3.8B
Other Current Assets2.1B2.3B2.0B4.9B4.1B4.3B
Total Liab13.0B12.7B10.8B7.5B7.0B10.0B
Property Plant Equipment14.5B13.7B13.5B10.2B11.8B9.3B
Short Long Term Debt Total7.1B6.8B4.9B3.4B1.8B1.8B
Property Plant And Equipment Net14.5B13.7B13.8B10.2B10.4B12.3B
Net Debt7.1B6.7B4.8B3.3B1.3B1.3B
Non Current Assets Total17.3B16.4B16.9B11.5B11.7B14.6B
Non Currrent Assets Other(9M)2.1B200K578.6M1.1B1.2B
Other Assets200K500K2.2M578.6M(1.0)(0.95)
Cash And Short Term Investments468.5M1.4B1.6B3.0B4.5B4.7B
Short Term Investments414.9M1.3B1.5B2.9B4.0B4.2B
Liabilities And Stockholders Equity24.1B25.4B28.2B26.5B28.3B23.3B
Non Current Liabilities Total5.6B5.3B2.2B850.9M550.6M523.1M
Other Stockholder Equity(9.6B)(8.9B)1.7B1.4B1.3B1.2B
Total Current Assets6.9B9.0B11.3B15.0B16.6B8.7B
Accumulated Other Comprehensive Income(5.3B)3.1B3.1B3.1B3.1B3.3B
Other Liab2.1B2.2B2.0B616.9M709.4M674.0M
Current Deferred Revenue713.9M460.3M707.5M1.2B7.4M7.0M
Short Term Debt3.6B3.7B4.7B3.2B1.7B3.0B
Net Tangible Assets10.6B12.2B16.9B18.5B21.2B12.6B
Short Long Term Debt3.6B2.8B4.7B3.2B1.7B2.9B
Long Term Debt Total3.5B3.1B94.5M234M210.6M200.1M
Net Invested Capital17.8B18.2B21.9B21.9B22.9B22.4B
Net Working Capital(513.6M)1.6B2.7B8.4B10.1B10.6B

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