Welspun Gross Profit vs Income Tax Expense Analysis

WELCORP Stock

776.35 1.35 0.17%

Welspun Corp financial indicator trend analysis is more than just analyzing Welspun Corp Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Welspun Corp Limited is a good investment. Please check the relationship between Welspun Corp Gross Profit and its Income Tax Expense accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welspun Corp 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 persons.

Gross Profit vs Income Tax Expense

Gross Profit vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Welspun Corp Limited Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.

The correlation between Welspun Corp's Gross Profit and Income Tax Expense is 0.31. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Welspun Corp Limited, assuming nothing else is changed. The correlation between historical values of Welspun Corp's Gross Profit and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Welspun Corp Limited are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Gross Profit i.e., Welspun Corp's Gross Profit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Welspun Corp Limited minus its cost of goods sold. It is profit before Welspun Corp 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.

Income Tax Expense

Most indicators from Welspun Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Welspun Corp Limited 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welspun Corp 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 persons.

As of 12/21/2024, Issuance Of Capital Stock is likely to grow to about 17.6 M, while Selling General Administrative is likely to drop slightly above 1.5 B.

	2021	2022	2023	2024 (projected)
Gross Profit	14.4B	25.0B	51.6B	54.2B
Total Revenue	63.3B	97.6B	173.4B	182.1B

Gross Profit Total Revenue

Welspun Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Retained Earnings	Intangible Assets	Good Will
Total Assets		0.88	0.72	0.88	0.87	0.87	0.79	0.85	0.79	0.92	0.54	0.89	0.76	0.56	0.76	0.8	0.73	-0.02	0.87	0.97	0.91	-0.65	0.67	0.35	0.66	0.69
Short Long Term Debt Total	0.88		0.69	0.65	0.63	0.95	0.97	0.7	0.59	0.94	0.54	0.82	0.58	0.36	0.79	0.96	0.48	-0.26	0.85	0.91	0.67	-0.59	0.56	0.01	0.75	0.63
Other Current Liab	0.72	0.69		0.72	0.55	0.66	0.64	0.47	0.54	0.68	0.23	0.69	0.27	0.14	0.64	0.54	0.71	-0.29	0.67	0.74	0.64	-0.4	0.8	0.32	0.42	0.49
Total Current Liabilities	0.88	0.65	0.72		0.7	0.59	0.53	0.77	0.82	0.64	0.31	0.73	0.56	0.5	0.54	0.49	0.95	0.22	0.7	0.89	0.97	-0.53	0.81	0.38	0.4	0.5
Total Stockholder Equity	0.87	0.63	0.55	0.7		0.7	0.51	0.65	0.71	0.8	0.48	0.84	0.77	0.59	0.75	0.55	0.55	0.02	0.71	0.73	0.79	-0.59	0.56	0.68	0.51	0.69
Property Plant And Equipment Net	0.87	0.95	0.66	0.59	0.7		0.92	0.72	0.54	0.97	0.49	0.76	0.62	0.45	0.73	0.94	0.44	-0.36	0.75	0.86	0.62	-0.52	0.44	0.15	0.63	0.53
Net Debt	0.79	0.97	0.64	0.53	0.51	0.92		0.63	0.4	0.89	0.53	0.7	0.55	0.29	0.73	0.97	0.39	-0.28	0.79	0.84	0.55	-0.51	0.45	-0.14	0.74	0.57
Accounts Payable	0.85	0.7	0.47	0.77	0.65	0.72	0.63		0.68	0.76	0.49	0.63	0.78	0.5	0.47	0.71	0.66	-0.01	0.74	0.86	0.79	-0.59	0.36	0.13	0.61	0.53
Cash	0.79	0.59	0.54	0.82	0.71	0.54	0.4	0.68		0.63	0.31	0.76	0.51	0.41	0.48	0.45	0.68	0.11	0.65	0.75	0.82	-0.59	0.65	0.5	0.41	0.52
Non Current Assets Total	0.92	0.94	0.68	0.64	0.8	0.97	0.89	0.76	0.63		0.59	0.86	0.69	0.43	0.82	0.92	0.46	-0.33	0.85	0.89	0.68	-0.6	0.5	0.24	0.74	0.69
Non Currrent Assets Other	0.54	0.54	0.23	0.31	0.48	0.49	0.53	0.49	0.31	0.59		0.44	0.61	-0.01	0.43	0.62	0.16	-0.02	0.6	0.52	0.4	-0.12	0.12	-0.14	0.79	0.69
Cash And Short Term Investments	0.89	0.82	0.69	0.73	0.84	0.76	0.7	0.63	0.76	0.86	0.44		0.59	0.46	0.93	0.69	0.53	-0.14	0.89	0.83	0.76	-0.74	0.74	0.41	0.68	0.78
Net Receivables	0.76	0.58	0.27	0.56	0.77	0.62	0.55	0.78	0.51	0.69	0.61	0.59		0.59	0.51	0.63	0.41	0.25	0.69	0.68	0.7	-0.57	0.2	0.25	0.63	0.63
Common Stock Shares Outstanding	0.56	0.36	0.14	0.5	0.59	0.45	0.29	0.5	0.41	0.43	-0.01	0.46	0.59		0.4	0.34	0.41	0.33	0.33	0.49	0.6	-0.6	0.23	0.39	0.02	0.07
Short Term Investments	0.76	0.79	0.64	0.54	0.75	0.73	0.73	0.47	0.48	0.82	0.43	0.93	0.51	0.4		0.69	0.33	-0.26	0.86	0.7	0.58	-0.69	0.64	0.29	0.69	0.77
Non Current Liabilities Total	0.8	0.96	0.54	0.49	0.55	0.94	0.97	0.71	0.45	0.92	0.62	0.69	0.63	0.34	0.69		0.32	-0.3	0.79	0.83	0.54	-0.54	0.32	-0.13	0.78	0.59
Inventory	0.73	0.48	0.71	0.95	0.55	0.44	0.39	0.66	0.68	0.46	0.16	0.53	0.41	0.41	0.33	0.32		0.26	0.51	0.77	0.89	-0.33	0.78	0.38	0.19	0.3
Other Current Assets	-0.02	-0.26	-0.29	0.22	0.02	-0.36	-0.28	-0.01	0.11	-0.33	-0.02	-0.14	0.25	0.33	-0.26	-0.3	0.26		-0.11	-0.02	0.32	-0.02	0.04	0.06	-0.19	-0.11
Other Stockholder Equity	0.87	0.85	0.67	0.7	0.71	0.75	0.79	0.74	0.65	0.85	0.6	0.89	0.69	0.33	0.86	0.79	0.51	-0.11		0.86	0.74	-0.78	0.61	0.12	0.88	0.88
Total Liab	0.97	0.91	0.74	0.89	0.73	0.86	0.84	0.86	0.75	0.89	0.52	0.83	0.68	0.49	0.7	0.83	0.77	-0.02	0.86		0.9	-0.62	0.68	0.17	0.66	0.62
Total Current Assets	0.91	0.67	0.64	0.97	0.79	0.62	0.55	0.79	0.82	0.68	0.4	0.76	0.7	0.6	0.58	0.54	0.89	0.32	0.74	0.9		-0.59	0.74	0.41	0.47	0.56
Common Stock	-0.65	-0.59	-0.4	-0.53	-0.59	-0.52	-0.51	-0.59	-0.59	-0.6	-0.12	-0.74	-0.57	-0.6	-0.69	-0.54	-0.33	-0.02	-0.78	-0.62	-0.59		-0.42	-0.24	-0.55	-0.6
Short Term Debt	0.67	0.56	0.8	0.81	0.56	0.44	0.45	0.36	0.65	0.5	0.12	0.74	0.2	0.23	0.64	0.32	0.78	0.04	0.61	0.68	0.74	-0.42		0.43	0.3	0.52
Retained Earnings	0.35	0.01	0.32	0.38	0.68	0.15	-0.14	0.13	0.5	0.24	-0.14	0.41	0.25	0.39	0.29	-0.13	0.38	0.06	0.12	0.17	0.41	-0.24	0.43		-0.18	0.19
Intangible Assets	0.66	0.75	0.42	0.4	0.51	0.63	0.74	0.61	0.41	0.74	0.79	0.68	0.63	0.02	0.69	0.78	0.19	-0.19	0.88	0.66	0.47	-0.55	0.3	-0.18		0.89
Good Will	0.69	0.63	0.49	0.5	0.69	0.53	0.57	0.53	0.52	0.69	0.69	0.78	0.63	0.07	0.77	0.59	0.3	-0.11	0.88	0.62	0.56	-0.6	0.52	0.19	0.89

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Welspun Corp Account Relationship Matchups

Welspun Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	79.4B	65.2B	91.7B	153.4B	118.5B	93.5B
Short Long Term Debt Total	10.6B	8.3B	20.6B	33.6B	19.5B	24.8B
Other Current Liab	(2.1B)	3.1B	3.6B	25.2B	7.9B	7.7B
Total Current Liabilities	37.1B	19.5B	29.1B	81.7B	39.8B	34.2B
Total Stockholder Equity	32.2B	37.9B	44.3B	47.3B	56.2B	31.8B
Property Plant And Equipment Net	17.0B	18.0B	34.1B	45.9B	44.7B	36.5B
Net Debt	6.2B	6.6B	10.1B	23.5B	11.1B	18.3B
Accounts Payable	14.4B	7.2B	9.8B	25.7B	22.4B	14.9B
Cash	4.4B	1.7B	6.4B	10.2B	8.2B	6.3B
Non Current Assets Total	22.1B	24.4B	48.5B	56.9B	57.6B	43.9B
Non Currrent Assets Other	1.6B	467.5M	2.8B	1.2B	2.9B	3.3B
Cash And Short Term Investments	9.1B	13.2B	21.6B	22.7B	14.7B	12.9B
Net Receivables	13.6B	15.5B	8.1B	12.6B	18.0B	12.4B
Common Stock Shares Outstanding	264.1M	261.6M	261.6M	262.0M	262.4M	248.6M
Short Term Investments	4.7B	11.5B	15.2B	12.5B	6.5B	7.4B
Liabilities And Stockholders Equity	79.4B	65.2B	91.7B	153.4B	118.5B	93.5B
Non Current Liabilities Total	10.0B	7.5B	17.4B	23.3B	21.4B	26.3B
Inventory	22.7B	10.4B	10.2B	56.9B	23.2B	19.6B
Other Current Assets	13.1B	10.7B	41.2M	7.5B	5.0B	5.4B
Other Stockholder Equity	7.2B	10.1B	10.1B	17.0B	8.7B	11.9B
Total Liab	47.1B	27.1B	46.4B	105.0B	61.2B	60.5B
Total Current Assets	57.4B	40.9B	43.2B	96.5B	60.9B	49.6B
Accumulated Other Comprehensive Income	(13.1B)	4.3B	4.6B	1.1B	10.7B	11.2B
Short Term Debt	5.0B	3.9B	6.1B	14.0B	2.9B	4.6B
Retained Earnings	20.5B	26.6B	28.3B	29.0B	35.2B	23.1B
Intangible Assets	97.0M	70.4M	69.7M	137.4M	122.2M	116.1M
Current Deferred Revenue	17.0B	7.1B	9.5B	10.2B	6.5B	7.2B
Other Liab	4.5B	2.8B	2.9B	3.7B	3.3B	4.5B
Net Tangible Assets	32.1B	37.9B	40.8B	43.6B	50.1B	35.5B
Other Assets	1.8B	1.4B	3.6B	1.1B	1.2B	2.3B
Long Term Debt	5.1B	4.4B	14.3B	19.3B	16.2B	12.4B
Short Long Term Debt	4.8B	1.2B	5.9B	13.9B	2.9B	5.7B
Property Plant Equipment	16.8B	17.4B	33.3B	45.9B	41.3B	26.3B
Long Term Debt Total	5.6B	4.8B	14.5B	19.6B	17.7B	10.2B
Capital Surpluse	7.2B	6.5M	10.1B	10.2B	11.7B	8.0B
Non Current Liabilities Other	3.6B	1.3B	1.1B	20.1M	18.1M	17.2M

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Welspun Gross Profit vs Income Tax Expense Analysis

Gross Profit vs Income Tax Expense

Gross Profit vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Gross Profit

Income Tax Expense

Welspun Corp fundamental ratios Correlations

Welspun Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Welspun Corp fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Total Current Assets	+ 0.97	Total Current Liabilities
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.97	Net Debt
Non Current Liabilities Total	+ 0.96	Short Long Term Debt Total

Common Stock	- 0.78	Other Stockholder Equity
Common Stock	- 0.74	Cash And Short Term Investments
Common Stock	- 0.69	Short Term Investments
Common Stock	- 0.65	Total Assets
Common Stock	- 0.62	Total Liab
Good Will	- 0.6	Common Stock