Nippon Operating Income 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 Operating Income 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.

Operating Income vs Cost Of Revenue

Operating Income 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 Operating Income account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nippon Life's Operating Income and Cost Of Revenue is 0.72. Overlapping area represents the amount of variation of Operating Income 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 Operating Income 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 Operating Income 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 Operating Income i.e., Nippon Life's Operating Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Operating Income

Operating Income is the amount of profit realized from Nippon Life India operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Nippon Life India is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 Profit10.2B10.0B16.7B10.6B
Total Revenue13.1B13.5B20.4B13.4B

Nippon Life fundamental ratios Correlations

0.440.150.61.00.20.250.97-0.22-0.070.7-0.210.30.10.490.480.8-0.56-0.140.220.960.390.870.880.610.92
0.440.240.520.44-0.08-0.020.370.540.370.21-0.490.130.79-0.130.120.3-0.20.08-0.070.520.30.760.490.190.35
0.150.240.660.13-0.1-0.490.040.30.55-0.25-0.470.45-0.160.090.420.020.03-0.1-0.460.330.510.210.22-0.060.08
0.60.520.660.58-0.09-0.340.50.460.510.34-0.710.240.070.230.250.31-0.320.07-0.020.770.350.580.580.40.52
1.00.440.130.580.210.270.97-0.24-0.10.71-0.190.290.10.490.480.8-0.56-0.150.230.950.380.870.880.610.92
0.2-0.08-0.1-0.090.210.050.23-0.5-0.070.460.19-0.28-0.140.21-0.150.310.13-0.350.170.13-0.330.080.190.350.26
0.25-0.02-0.49-0.340.270.050.44-0.54-0.940.350.76-0.14-0.110.340.130.420.0-0.460.30.04-0.130.18-0.070.370.31
0.970.370.040.50.970.230.44-0.32-0.270.73-0.040.230.020.510.470.8-0.47-0.230.330.880.320.790.750.660.9
-0.220.540.30.46-0.24-0.5-0.54-0.320.69-0.27-0.72-0.050.55-0.51-0.27-0.420.070.49-0.09-0.020.060.04-0.1-0.25-0.31
-0.070.370.550.51-0.1-0.07-0.94-0.270.69-0.25-0.870.170.38-0.33-0.08-0.26-0.060.45-0.290.150.230.10.24-0.25-0.15
0.70.21-0.250.340.710.460.350.73-0.27-0.250.0-0.390.00.34-0.210.58-0.33-0.210.390.63-0.380.530.550.670.63
-0.21-0.49-0.47-0.71-0.190.190.76-0.04-0.72-0.870.0-0.26-0.380.26-0.020.160.4-0.420.11-0.4-0.28-0.35-0.440.17-0.07
0.30.130.450.240.29-0.28-0.140.23-0.050.17-0.39-0.26-0.090.060.920.05-0.54-0.17-0.390.320.890.360.38-0.30.22
0.10.79-0.160.070.1-0.14-0.110.020.550.380.0-0.38-0.09-0.32-0.160.120.010.470.110.140.130.420.25-0.020.07
0.49-0.130.090.230.490.210.340.51-0.51-0.330.340.260.06-0.320.340.79-0.04-0.250.290.430.20.260.370.710.76
0.480.120.420.250.48-0.150.130.47-0.27-0.08-0.21-0.020.92-0.160.340.36-0.41-0.3-0.210.450.90.450.430.00.47
0.80.30.020.310.80.310.420.8-0.42-0.260.580.160.050.120.790.36-0.12-0.120.350.730.280.650.670.80.93
-0.56-0.20.03-0.32-0.560.130.0-0.470.07-0.06-0.330.4-0.540.01-0.04-0.41-0.120.20.19-0.54-0.3-0.6-0.670.1-0.39
-0.140.08-0.10.07-0.15-0.35-0.46-0.230.490.45-0.21-0.42-0.170.47-0.25-0.3-0.120.20.22-0.030.1-0.130.02-0.13-0.16
0.22-0.07-0.46-0.020.230.170.30.33-0.09-0.290.390.11-0.390.110.29-0.210.350.190.220.1-0.22-0.06-0.030.440.34
0.960.520.330.770.950.130.040.88-0.020.150.63-0.40.320.140.430.450.73-0.54-0.030.10.430.880.910.570.87
0.390.30.510.350.38-0.33-0.130.320.060.23-0.38-0.280.890.130.20.90.28-0.30.1-0.220.430.440.44-0.080.37
0.870.760.210.580.870.080.180.790.040.10.53-0.350.360.420.260.450.65-0.6-0.13-0.060.880.440.890.390.76
0.880.490.220.580.880.19-0.070.75-0.10.240.55-0.440.380.250.370.430.67-0.670.02-0.030.910.440.890.360.79
0.610.19-0.060.40.610.350.370.66-0.25-0.250.670.17-0.3-0.020.710.00.80.1-0.130.440.57-0.080.390.360.77
0.920.350.080.520.920.260.310.9-0.31-0.150.63-0.070.220.070.760.470.93-0.39-0.160.340.870.370.760.790.77
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Nippon Life Account Relationship Matchups

Nippon Life fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.8B33.9B38.0B38.6B43.8B29.9B
Short Long Term Debt Total814.3M514.7M471.7M560M785.9M592.1M
Other Current Liab1.7B759.1M825.9M(109.3M)1.0B720.6M
Total Current Liabilities2.1B1.9B1.9B2.2B2.2B1.8B
Total Stockholder Equity25.9B31.0B34.8B35.2B39.8B27.3B
Property Plant And Equipment Net111.8M121M100.6M140.4M184M129.3M
Net Debt(1.2B)326.9M(7.5M)347.4M543.6M570.8M
Retained Earnings12.0B15.7B17.9B17.9B20.8B14.1B
Accounts Payable676.8M628.7M559.5M662M495.5M589.8M
Cash2.0B187.8M479.2M212.6M257.2M244.3M
Non Current Assets Total6.5B28.7B7.3B34.7B31.4B16.3B
Non Currrent Assets Other1.7B6.6M15.8M1.2B9.8B10.3B
Cash And Short Term Investments20.4B3.6B28.6B2.7B2.7B2.6B
Net Receivables751.2M536.1M868.6M1.0B1.4B2.0B
Common Stock Shares Outstanding620.5M624.1M630.5M627.2M631.7M676.5M
Short Term Investments18.3B3.4B28.1B2.5B9.7B8.0B
Liabilities And Stockholders Equity28.8B33.9B38.0B38.6B43.8B29.9B
Non Current Liabilities Total814.6M1.0B1.3B1.3B2.7B2.9B
Inventory(17.4B)(24.3B)(28.2B)(29.0B)5.9B6.2B
Other Current Assets182M1.6B2.1B2.4B2.4B3.0B
Other Stockholder Equity(19.1B)6.8B10.7B8.4B12.7B13.3B
Total Liab2.9B2.9B3.2B3.5B3.9B2.6B
Total Current Assets22.3B5.2B30.7B3.9B12.3B13.6B
Accumulated Other Comprehensive Income(564.3M)2.3B2.6B2.7B1.5B1.6B
Intangible Assets3.1B2.9B2.9B2.9B3.1B2.0B
Common Stock6.1B6.2B6.2B6.2B6.3B4.0B
Other Assets200K106.9M125.5M26.7B30.7B32.2B
Other Liab530.4M471.3M615.8M971.5M1.1B1.2B
Net Tangible Assets23.3B23.5B28.5B32.3B37.2B25.5B
Current Deferred Revenue(1.2B)753.8M817.8M(307.1M)(591.9M)(562.3M)
Property Plant Equipment132.3M836.6M533.8M492.2M566.0M364.1M
Good Will214.8M166.2M124.6M163.9M285.2M204.9M
Net Invested Capital25.9B31.0B34.8B35.2B39.8B33.8B
Net Working Capital20.3B3.8B4.0B1.7B3.7B6.5B
Capital Stock6.1B6.2B6.2B6.2B6.3B6.8B
Non Current Liabilities Other309.9M460.1M458.4M467.1M612.2M499.0M

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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.