| SHRIRAMFIN | | | 3,020 24.05 0.79% |
Shriram Finance financial indicator trend analysis is much more than just breaking down Shriram Finance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shriram Finance is a good investment. Please check the relationship between Shriram Finance Other Operating Expenses and its Cost Of Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shriram Finance 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 metropolitan statistical area.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shriram Finance Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shriram Finance's Other Operating Expenses and Cost Of Revenue is 0.91. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Shriram Finance Limited, assuming nothing else is changed. The correlation between historical values of Shriram Finance's Other Operating Expenses 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 Other Operating Expenses of Shriram Finance Limited 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 Other Operating Expenses i.e., Shriram Finance's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shriram Finance. It is also known as Shriram Finance overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Cost Of Revenue
Cost of Revenue is found on Shriram Finance income statement and represents the costs associated with goods and services Shriram Finance 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 Shriram Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shriram Finance 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shriram Finance 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 metropolitan statistical area.
As of the 1st of December 2024,
Selling General Administrative is likely to drop to about 1.7
B. In addition to that,
Tax Provision is likely to drop to about 13.1
BShriram Finance fundamental ratios Correlations
Click cells to compare fundamentals
Shriram Finance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shriram Finance fundamental ratios Accounts
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Other Information on Investing in Shriram Stock
Balance Sheet is a snapshot of the
financial position of Shriram Finance at a specified time, usually calculated after every quarter, six months, or one year. Shriram Finance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shriram Finance 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 Shriram currently owns. An asset can also be divided into two categories, current and non-current.