LT Stock | | | 3,630 86.50 2.33% |
Larsen Toubro financial indicator trend analysis is infinitely more than just investigating Larsen Toubro Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Larsen Toubro Limited is a good investment. Please check the relationship between Larsen Toubro Income Before Tax and its Selling General Administrative accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Larsen Toubro 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 board of governors.
Income Before Tax vs Selling General Administrative
Income Before Tax vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Larsen Toubro Limited Income Before Tax account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Larsen Toubro's Income Before Tax and Selling General Administrative is 0.69. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Larsen Toubro Limited, assuming nothing else is changed. The correlation between historical values of Larsen Toubro's Income Before Tax and Selling General Administrative 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 Larsen Toubro Limited are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., Larsen Toubro's Income Before Tax and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Larsen Toubro income statement and is an important metric when analyzing Larsen Toubro Limited 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.
Selling General Administrative
Most indicators from Larsen Toubro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Larsen Toubro Limited 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 Larsen Toubro 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 588.6
B. The current year's
Tax Provision is expected to grow to about 51.9
BLarsen Toubro fundamental ratios Correlations
Click cells to compare fundamentals
Larsen Toubro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Larsen Toubro fundamental ratios Accounts
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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 Larsen Stock
Balance Sheet is a snapshot of the
financial position of Larsen Toubro Limited at a specified time, usually calculated after every quarter, six months, or one year. Larsen Toubro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Larsen Toubro 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 Larsen currently owns. An asset can also be divided into two categories, current and non-current.