KNRCON Stock | | | 335.45 3.40 1.00% |
KNR Constructions financial indicator trend analysis is infinitely more than just investigating KNR Constructions recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KNR Constructions is a good investment. Please check the relationship between KNR Constructions Gross Profit and its Interest Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KNR Constructions 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.
Gross Profit vs Interest Income
Gross Profit vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
KNR Constructions Gross Profit account and
Interest Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between KNR Constructions' Gross Profit and Interest Income is 0.85. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Income in the same time period over historical financial statements of KNR Constructions Limited, assuming nothing else is changed. The correlation between historical values of KNR Constructions' Gross Profit and Interest 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 Gross Profit of KNR Constructions Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Gross Profit i.e., KNR Constructions' Gross Profit and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of KNR Constructions Limited minus its cost of goods sold. It is profit before KNR Constructions operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from KNR Constructions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KNR Constructions 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KNR Constructions 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.
The current year's
Selling General Administrative is expected to grow to about 2.1
B, whereas
Tax Provision is forecasted to decline to about 1
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 8.6B | 14.3B | 13.8B | 14.5B | Total Revenue | 33.1B | 40.6B | 44.4B | 46.7B |
KNR Constructions fundamental ratios Correlations
Click cells to compare fundamentals
KNR Constructions Account Relationship Matchups
High Positive Relationship
High Negative Relationship
KNR Constructions fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in KNR Stock
Balance Sheet is a snapshot of the
financial position of KNR Constructions at a specified time, usually calculated after every quarter, six months, or one year. KNR Constructions Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of KNR Constructions 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 KNR currently owns. An asset can also be divided into two categories, current and non-current.