KOTHARIPET | | | 208.14 2.29 1.09% |
Kothari Petrochemicals financial indicator trend analysis is infinitely more than just investigating Kothari Petrochemicals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kothari Petrochemicals is a good investment. Please check the relationship between Kothari Petrochemicals Other Liab and its Retained Earnings accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kothari Petrochemicals 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 nation.
Other Liab vs Retained Earnings
Other Liab vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kothari Petrochemicals Other Liab account and
Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Kothari Petrochemicals' Other Liab and Retained Earnings is 0.83. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Kothari Petrochemicals Limited, assuming nothing else is changed. The correlation between historical values of Kothari Petrochemicals' Other Liab and Retained Earnings 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 Liab of Kothari Petrochemicals Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Liab i.e., Kothari Petrochemicals' Other Liab and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Liab
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Kothari Petrochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kothari Petrochemicals 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 Kothari Petrochemicals 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 nation.
The Kothari Petrochemicals' current
Tax Provision is estimated to increase to about 328.6
M, while
Selling General Administrative is projected to decrease to under 55.2
M.
Kothari Petrochemicals fundamental ratios Correlations
Click cells to compare fundamentals
Kothari Petrochemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kothari Petrochemicals fundamental ratios Accounts
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Other Information on Investing in Kothari Stock
Balance Sheet is a snapshot of the
financial position of Kothari Petrochemicals at a specified time, usually calculated after every quarter, six months, or one year. Kothari Petrochemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kothari Petrochemicals 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 Kothari currently owns. An asset can also be divided into two categories, current and non-current.