| TVSELECT | | | 336.45 6.55 1.99% |
TVS Electronics financial indicator trend analysis is much more than just breaking down TVS Electronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TVS Electronics is a good investment. Please check the relationship between TVS Electronics Net Income and its Tax Provision accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TVS Electronics 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 bureau of economic analysis.
Net Income vs Tax Provision
Net Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TVS Electronics Net Income account and
Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TVS Electronics' Net Income and Tax Provision is 0.81. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of TVS Electronics Limited, assuming nothing else is changed. The correlation between historical values of TVS Electronics' Net Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of TVS Electronics Limited are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Income i.e., TVS Electronics' Net Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in TVS Electronics financial statement analysis. It represents the amount of money remaining after all of TVS Electronics Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from TVS Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TVS Electronics 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 TVS Electronics 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 bureau of economic analysis.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 95.4
M. The current year's Tax Provision is expected to grow to about (9
M)
TVS Electronics fundamental ratios Correlations
Click cells to compare fundamentals
TVS Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TVS Electronics fundamental ratios Accounts
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Other Information on Investing in TVS Stock
Balance Sheet is a snapshot of the
financial position of TVS Electronics at a specified time, usually calculated after every quarter, six months, or one year. TVS Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TVS Electronics 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 TVS currently owns. An asset can also be divided into two categories, current and non-current.