NIIT Other Stockholder Equity vs Net Receivables Analysis

NIITMTS Stock   470.10  4.45  0.96%   
NIIT LEARNING financial indicator trend analysis is infinitely more than just investigating NIIT LEARNING SYSTEMS recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT LEARNING SYSTEMS is a good investment. Please check the relationship between NIIT LEARNING Other Stockholder Equity and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Other Stockholder Equity vs Net Receivables

Other Stockholder Equity vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT LEARNING SYSTEMS Other Stockholder Equity account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between NIIT LEARNING's Other Stockholder Equity and Net Receivables is 0.77. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Net Receivables in the same time period over historical financial statements of NIIT LEARNING SYSTEMS, assuming nothing else is changed. The correlation between historical values of NIIT LEARNING's Other Stockholder Equity and Net Receivables 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 Stockholder Equity of NIIT LEARNING SYSTEMS are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Stockholder Equity i.e., NIIT LEARNING's Other Stockholder Equity and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Stockholder Equity

Net Receivables

Most indicators from NIIT LEARNING's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT LEARNING SYSTEMS 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 NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Selling General Administrative is likely to gain to about 3.5 B in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses3.0B2.9B3.3B2.1B
Cost Of Revenue5.8B6.9B7.0B4.4B

NIIT LEARNING fundamental ratios Correlations

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NIIT LEARNING Account Relationship Matchups

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