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 Income Tax Expense and its Net Income 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.
Income Tax Expense vs Net Income
Income Tax Expense vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sumeet Industries Income Tax Expense account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sumeet Industries' Income Tax Expense and Net Income is 0.75. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income 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' Income Tax Expense and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Sumeet Industries Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Tax Expense i.e., Sumeet Industries' Income Tax Expense and Net Income go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Tax Expense
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sumeet Industries financial statement analysis. It represents the amount of money remaining after all of Sumeet Industries Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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.