SUMEETINDS | | | 97.80 0.00 0.00% |
Sumeet Industries financial indicator trend analysis is much more than just breaking down Sumeet Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sumeet Industries is a good investment. Please check the relationship between Sumeet Industries Cash and its Total Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sumeet Industries 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 income.
Cash vs Total Current Assets
Cash vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sumeet Industries Cash account and
Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sumeet Industries' Cash and Total Current Assets is 0.77. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Sumeet Industries Limited, assuming nothing else is changed. The correlation between historical values of Sumeet Industries' Cash and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Sumeet Industries Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., Sumeet Industries' Cash and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Sumeet Industries, which is listed under current asset account on Sumeet Industries Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sumeet Industries customers. The amounts must be unrestricted with restricted cash listed in a different Sumeet Industries account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Sumeet Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sumeet Industries 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 Sumeet Industries 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 income.
The Sumeet Industries' current
Selling General Administrative is estimated to increase to about 297.9
M, while
Tax Provision is forecasted to increase to (42.3
M).
Sumeet Industries fundamental ratios Correlations
Click cells to compare fundamentals
Sumeet Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sumeet Industries fundamental ratios Accounts
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Other Information on Investing in Sumeet Stock
Balance Sheet is a snapshot of the
financial position of Sumeet Industries at a specified time, usually calculated after every quarter, six months, or one year. Sumeet Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sumeet Industries 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 Sumeet currently owns. An asset can also be divided into two categories, current and non-current.