NESTLEIND | | | 2,241 22.05 0.99% |
Nestle India financial indicator trend analysis is infinitely more than just investigating Nestle India Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nestle India Limited is a good investment. Please check the relationship between Nestle India Investments and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nestle India 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 bureau of economic analysis.
Investments vs Depreciation
Investments vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nestle India Limited Investments account and
Depreciation. At this time, the significance of the direction appears to have no relationship.
The correlation between Nestle India's Investments and Depreciation is 0.05. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Nestle India Limited, assuming nothing else is changed. The correlation between historical values of Nestle India's Investments and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Nestle India Limited are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Investments i.e., Nestle India's Investments and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Depreciation
Depreciation indicates how much of Nestle India Limited value has been used up. For tax purposes Nestle India can deduct the cost of the tangible assets it purchases as business expenses. However, Nestle India Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Nestle India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nestle India 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 Nestle India 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 bureau of economic analysis.
The current
Selling General Administrative is estimated to decrease to about 432.2
M. The current
Tax Provision is estimated to decrease to about 7.7
BNestle India fundamental ratios Correlations
Click cells to compare fundamentals
Nestle India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nestle India fundamental ratios Accounts
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Other Information on Investing in Nestle Stock
Balance Sheet is a snapshot of the
financial position of Nestle India Limited at a specified time, usually calculated after every quarter, six months, or one year. Nestle India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nestle India 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 Nestle currently owns. An asset can also be divided into two categories, current and non-current.