TATACOMM | | | 1,745 14.90 0.85% |
Tata Communications financial indicator trend analysis is much more than just breaking down Tata Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tata Communications is a good investment. Please check the relationship between Tata Communications Other Operating Expenses and its Gross Profit accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tata Communications 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 main economic indicators.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tata Communications Other Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tata Communications' Other Operating Expenses and Gross Profit is 0.76. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Tata Communications Limited, assuming nothing else is changed. The correlation between historical values of Tata Communications' Other Operating Expenses and Gross Profit 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 Tata Communications Limited are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., Tata Communications' Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tata Communications. It is also known as Tata Communications 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Tata Communications Limited minus its cost of goods sold. It is profit before Tata Communications operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Tata Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tata Communications 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 Tata Communications 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 main economic indicators.
At this time, Tata Communications'
Discontinued Operations is very stable compared to the past year. As of the 29th of November 2024,
Tax Provision is likely to grow to about 3.2
B, while
Selling General Administrative is likely to drop about 1.7
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 105.2B | 114.6B | 64.4B | 62.4B | Total Revenue | 167.2B | 178.4B | 209.7B | 133.7B |
Tata Communications fundamental ratios Correlations
Click cells to compare fundamentals
Tata Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tata Communications fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Tata Stock
Balance Sheet is a snapshot of the
financial position of Tata Communications at a specified time, usually calculated after every quarter, six months, or one year. Tata Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tata Communications 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 Tata currently owns. An asset can also be divided into two categories, current and non-current.