Nippon Income Before Tax vs Cost Of Revenue Analysis

NAM-INDIA

691.05 5.70 0.82%

Nippon Life financial indicator trend analysis is infinitely more than just investigating Nippon Life India recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nippon Life India is a good investment. Please check the relationship between Nippon Life Income Before Tax and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nippon Life India Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nippon Life's Income Before Tax and Cost Of Revenue is 0.67. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Nippon Life India, assuming nothing else is changed. The correlation between historical values of Nippon Life's Income Before Tax and Cost Of Revenue 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 Nippon Life India are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Nippon Life's Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.67

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 Nippon Life income statement and is an important metric when analyzing Nippon Life India 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.

Cost Of Revenue

Cost of Revenue is found on Nippon Life India income statement and represents the costs associated with goods and services Nippon Life provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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

At present, Nippon Life's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	10.2B	10.0B	16.7B	10.6B
Total Revenue	13.1B	13.5B	20.4B	13.4B

Gross Profit Total Revenue

Nippon Life fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Other Assets	Other Liab
Total Assets		0.44	0.15	0.6	1.0	0.2	0.25	0.97	-0.22	-0.07	0.7	-0.21	0.3	0.1	0.49	0.48	0.8	-0.56	-0.14	0.22	0.96	0.39	0.87	0.88	0.61	0.92
Short Long Term Debt Total	0.44		0.24	0.52	0.44	-0.08	-0.02	0.37	0.54	0.37	0.21	-0.49	0.13	0.79	-0.13	0.12	0.3	-0.2	0.08	-0.07	0.52	0.3	0.76	0.49	0.19	0.35
Other Current Liab	0.15	0.24		0.66	0.13	-0.1	-0.49	0.04	0.3	0.55	-0.25	-0.47	0.45	-0.16	0.09	0.42	0.02	0.03	-0.1	-0.46	0.33	0.51	0.21	0.22	-0.06	0.08
Total Current Liabilities	0.6	0.52	0.66		0.58	-0.09	-0.34	0.5	0.46	0.51	0.34	-0.71	0.24	0.07	0.23	0.25	0.31	-0.32	0.07	-0.02	0.77	0.35	0.58	0.58	0.4	0.52
Total Stockholder Equity	1.0	0.44	0.13	0.58		0.21	0.27	0.97	-0.24	-0.1	0.71	-0.19	0.29	0.1	0.49	0.48	0.8	-0.56	-0.15	0.23	0.95	0.38	0.87	0.88	0.61	0.92
Property Plant And Equipment Net	0.2	-0.08	-0.1	-0.09	0.21		0.05	0.23	-0.5	-0.07	0.46	0.19	-0.28	-0.14	0.21	-0.15	0.31	0.13	-0.35	0.17	0.13	-0.33	0.08	0.19	0.35	0.26
Net Debt	0.25	-0.02	-0.49	-0.34	0.27	0.05		0.44	-0.54	-0.94	0.35	0.76	-0.14	-0.11	0.34	0.13	0.42	0.0	-0.46	0.3	0.04	-0.13	0.18	-0.07	0.37	0.31
Retained Earnings	0.97	0.37	0.04	0.5	0.97	0.23	0.44		-0.32	-0.27	0.73	-0.04	0.23	0.02	0.51	0.47	0.8	-0.47	-0.23	0.33	0.88	0.32	0.79	0.75	0.66	0.9
Accounts Payable	-0.22	0.54	0.3	0.46	-0.24	-0.5	-0.54	-0.32		0.69	-0.27	-0.72	-0.05	0.55	-0.51	-0.27	-0.42	0.07	0.49	-0.09	-0.02	0.06	0.04	-0.1	-0.25	-0.31
Cash	-0.07	0.37	0.55	0.51	-0.1	-0.07	-0.94	-0.27	0.69		-0.25	-0.87	0.17	0.38	-0.33	-0.08	-0.26	-0.06	0.45	-0.29	0.15	0.23	0.1	0.24	-0.25	-0.15
Non Current Assets Total	0.7	0.21	-0.25	0.34	0.71	0.46	0.35	0.73	-0.27	-0.25		0.0	-0.39	0.0	0.34	-0.21	0.58	-0.33	-0.21	0.39	0.63	-0.38	0.53	0.55	0.67	0.63
Non Currrent Assets Other	-0.21	-0.49	-0.47	-0.71	-0.19	0.19	0.76	-0.04	-0.72	-0.87	0.0		-0.26	-0.38	0.26	-0.02	0.16	0.4	-0.42	0.11	-0.4	-0.28	-0.35	-0.44	0.17	-0.07
Cash And Short Term Investments	0.3	0.13	0.45	0.24	0.29	-0.28	-0.14	0.23	-0.05	0.17	-0.39	-0.26		-0.09	0.06	0.92	0.05	-0.54	-0.17	-0.39	0.32	0.89	0.36	0.38	-0.3	0.22
Net Receivables	0.1	0.79	-0.16	0.07	0.1	-0.14	-0.11	0.02	0.55	0.38	0.0	-0.38	-0.09		-0.32	-0.16	0.12	0.01	0.47	0.11	0.14	0.13	0.42	0.25	-0.02	0.07
Common Stock Shares Outstanding	0.49	-0.13	0.09	0.23	0.49	0.21	0.34	0.51	-0.51	-0.33	0.34	0.26	0.06	-0.32		0.34	0.79	-0.04	-0.25	0.29	0.43	0.2	0.26	0.37	0.71	0.76
Short Term Investments	0.48	0.12	0.42	0.25	0.48	-0.15	0.13	0.47	-0.27	-0.08	-0.21	-0.02	0.92	-0.16	0.34		0.36	-0.41	-0.3	-0.21	0.45	0.9	0.45	0.43	0.0	0.47
Non Current Liabilities Total	0.8	0.3	0.02	0.31	0.8	0.31	0.42	0.8	-0.42	-0.26	0.58	0.16	0.05	0.12	0.79	0.36		-0.12	-0.12	0.35	0.73	0.28	0.65	0.67	0.8	0.93
Inventory	-0.56	-0.2	0.03	-0.32	-0.56	0.13	0.0	-0.47	0.07	-0.06	-0.33	0.4	-0.54	0.01	-0.04	-0.41	-0.12		0.2	0.19	-0.54	-0.3	-0.6	-0.67	0.1	-0.39
Other Current Assets	-0.14	0.08	-0.1	0.07	-0.15	-0.35	-0.46	-0.23	0.49	0.45	-0.21	-0.42	-0.17	0.47	-0.25	-0.3	-0.12	0.2		0.22	-0.03	0.1	-0.13	0.02	-0.13	-0.16
Other Stockholder Equity	0.22	-0.07	-0.46	-0.02	0.23	0.17	0.3	0.33	-0.09	-0.29	0.39	0.11	-0.39	0.11	0.29	-0.21	0.35	0.19	0.22		0.1	-0.22	-0.06	-0.03	0.44	0.34
Total Liab	0.96	0.52	0.33	0.77	0.95	0.13	0.04	0.88	-0.02	0.15	0.63	-0.4	0.32	0.14	0.43	0.45	0.73	-0.54	-0.03	0.1		0.43	0.88	0.91	0.57	0.87
Total Current Assets	0.39	0.3	0.51	0.35	0.38	-0.33	-0.13	0.32	0.06	0.23	-0.38	-0.28	0.89	0.13	0.2	0.9	0.28	-0.3	0.1	-0.22	0.43		0.44	0.44	-0.08	0.37
Intangible Assets	0.87	0.76	0.21	0.58	0.87	0.08	0.18	0.79	0.04	0.1	0.53	-0.35	0.36	0.42	0.26	0.45	0.65	-0.6	-0.13	-0.06	0.88	0.44		0.89	0.39	0.76
Common Stock	0.88	0.49	0.22	0.58	0.88	0.19	-0.07	0.75	-0.1	0.24	0.55	-0.44	0.38	0.25	0.37	0.43	0.67	-0.67	0.02	-0.03	0.91	0.44	0.89		0.36	0.79
Other Assets	0.61	0.19	-0.06	0.4	0.61	0.35	0.37	0.66	-0.25	-0.25	0.67	0.17	-0.3	-0.02	0.71	0.0	0.8	0.1	-0.13	0.44	0.57	-0.08	0.39	0.36		0.77
Other Liab	0.92	0.35	0.08	0.52	0.92	0.26	0.31	0.9	-0.31	-0.15	0.63	-0.07	0.22	0.07	0.76	0.47	0.93	-0.39	-0.16	0.34	0.87	0.37	0.76	0.79	0.77

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Nippon Life Account Relationship Matchups

Nippon Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.8B	33.9B	38.0B	38.6B	43.8B	29.9B
Short Long Term Debt Total	814.3M	514.7M	471.7M	560M	785.9M	592.1M
Other Current Liab	1.7B	759.1M	825.9M	(109.3M)	1.0B	720.6M
Total Current Liabilities	2.1B	1.9B	1.9B	2.2B	2.2B	1.8B
Total Stockholder Equity	25.9B	31.0B	34.8B	35.2B	39.8B	27.3B
Property Plant And Equipment Net	111.8M	121M	100.6M	140.4M	184M	129.3M
Net Debt	(1.2B)	326.9M	(7.5M)	347.4M	543.6M	570.8M
Retained Earnings	12.0B	15.7B	17.9B	17.9B	20.8B	14.1B
Accounts Payable	676.8M	628.7M	559.5M	662M	495.5M	589.8M
Cash	2.0B	187.8M	479.2M	212.6M	257.2M	244.3M
Non Current Assets Total	6.5B	28.7B	7.3B	34.7B	31.4B	16.3B
Non Currrent Assets Other	1.7B	6.6M	15.8M	1.2B	9.8B	10.3B
Cash And Short Term Investments	20.4B	3.6B	28.6B	2.7B	2.7B	2.6B
Net Receivables	751.2M	536.1M	868.6M	1.0B	1.4B	2.0B
Common Stock Shares Outstanding	620.5M	624.1M	630.5M	627.2M	631.7M	676.5M
Short Term Investments	18.3B	3.4B	28.1B	2.5B	9.7B	8.0B
Liabilities And Stockholders Equity	28.8B	33.9B	38.0B	38.6B	43.8B	29.9B
Non Current Liabilities Total	814.6M	1.0B	1.3B	1.3B	2.7B	2.9B
Inventory	(17.4B)	(24.3B)	(28.2B)	(29.0B)	5.9B	6.2B
Other Current Assets	182M	1.6B	2.1B	2.4B	2.4B	3.0B
Other Stockholder Equity	(19.1B)	6.8B	10.7B	8.4B	12.7B	13.3B
Total Liab	2.9B	2.9B	3.2B	3.5B	3.9B	2.6B
Total Current Assets	22.3B	5.2B	30.7B	3.9B	12.3B	13.6B
Accumulated Other Comprehensive Income	(564.3M)	2.3B	2.6B	2.7B	1.5B	1.6B
Intangible Assets	3.1B	2.9B	2.9B	2.9B	3.1B	2.0B
Common Stock	6.1B	6.2B	6.2B	6.2B	6.3B	4.0B
Other Assets	200K	106.9M	125.5M	26.7B	30.7B	32.2B
Other Liab	530.4M	471.3M	615.8M	971.5M	1.1B	1.2B
Net Tangible Assets	23.3B	23.5B	28.5B	32.3B	37.2B	25.5B
Current Deferred Revenue	(1.2B)	753.8M	817.8M	(307.1M)	(591.9M)	(562.3M)
Property Plant Equipment	132.3M	836.6M	533.8M	492.2M	566.0M	364.1M
Good Will	214.8M	166.2M	124.6M	163.9M	285.2M	204.9M
Net Invested Capital	25.9B	31.0B	34.8B	35.2B	39.8B	33.8B
Net Working Capital	20.3B	3.8B	4.0B	1.7B	3.7B	6.5B
Capital Stock	6.1B	6.2B	6.2B	6.2B	6.3B	6.8B
Non Current Liabilities Other	309.9M	460.1M	458.4M	467.1M	612.2M	499.0M

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Other Information on Investing in Nippon Stock

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

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Nippon Income Before Tax vs Cost Of Revenue Analysis

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Cost Of Revenue

Nippon Life fundamental ratios Correlations

Nippon Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nippon Life fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.96	Total Assets
Total Liab	+ 0.95	Total Stockholder Equity
Other Liab	+ 0.93	Non Current Liabilities Total

Cash	- 0.94	Net Debt
Non Currrent Assets Other	- 0.87	Cash
Non Currrent Assets Other	- 0.72	Accounts Payable
Non Currrent Assets Other	- 0.71	Total Current Liabilities
Common Stock	- 0.67	Inventory
Intangible Assets	- 0.6	Inventory