Wipro Asset Turnover vs Non Current Liabilities Total Analysis

WIT Stock  USD 7.24  0.06  0.84%   
Wipro Limited financial indicator trend analysis is more than just analyzing Wipro Limited ADR current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wipro Limited ADR is a good investment. Please check the relationship between Wipro Limited Asset Turnover and its Non Current Liabilities Total accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wipro Limited ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Asset Turnover vs Non Current Liabilities Total

Asset Turnover vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wipro Limited ADR Asset Turnover account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Wipro Limited's Asset Turnover and Non Current Liabilities Total is -0.24. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Wipro Limited ADR, assuming nothing else is changed. The correlation between historical values of Wipro Limited's Asset Turnover and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Wipro Limited ADR are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Asset Turnover i.e., Wipro Limited's Asset Turnover and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Non Current Liabilities Total

Most indicators from Wipro Limited's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wipro Limited ADR 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 Wipro Limited ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, Wipro Limited's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.4 T in 2024, whereas Tax Provision is likely to drop slightly above 31 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit235.1B259.4B266.1B279.4B
Total Revenue790.9B904.9B897.6B942.5B

Wipro Limited fundamental ratios Correlations

0.950.830.81.00.80.90.50.980.020.320.970.530.290.830.960.780.74-0.720.89-0.390.28-0.370.990.870.98
0.950.770.820.930.730.850.710.920.00.090.920.410.310.860.90.760.62-0.620.86-0.320.23-0.320.970.810.93
0.830.770.620.80.720.710.450.73-0.470.180.910.40.080.810.680.550.87-0.850.88-0.530.54-0.260.860.920.71
0.80.820.620.790.920.850.360.810.220.440.710.730.580.550.820.950.47-0.320.53-0.220.31-0.340.810.610.85
1.00.930.80.790.80.890.450.990.040.360.960.540.290.810.970.780.74-0.720.87-0.390.26-0.390.970.860.98
0.80.730.720.920.80.790.220.790.040.530.760.760.490.50.780.880.68-0.470.58-0.250.35-0.340.790.670.79
0.90.850.710.850.890.790.290.910.230.510.810.730.560.660.920.770.58-0.560.66-0.30.26-0.40.890.720.93
0.50.710.450.360.450.220.290.43-0.25-0.630.56-0.170.060.740.410.30.28-0.390.64-0.22-0.08-0.170.570.50.42
0.980.920.730.810.990.790.910.430.160.380.920.570.360.770.980.80.68-0.650.82-0.360.2-0.420.950.80.99
0.020.0-0.470.220.040.040.23-0.250.160.37-0.20.350.47-0.260.190.28-0.430.48-0.320.43-0.36-0.05-0.04-0.370.2
0.320.090.180.440.360.530.51-0.630.380.370.190.730.31-0.130.390.470.24-0.060.0-0.010.37-0.120.240.160.41
0.970.920.910.710.960.760.810.560.92-0.20.190.410.160.890.880.680.84-0.840.96-0.450.31-0.350.970.940.89
0.530.410.40.730.540.760.73-0.170.570.350.730.410.670.210.570.690.28-0.150.20.00.31-0.170.490.260.6
0.290.310.080.580.290.490.560.060.360.470.310.160.670.110.470.40.09-0.05-0.02-0.13-0.29-0.570.280.050.39
0.830.860.810.550.810.50.660.740.77-0.26-0.130.890.210.110.720.520.64-0.780.95-0.460.23-0.310.870.830.74
0.960.90.680.820.970.780.920.410.980.190.390.880.570.470.720.760.65-0.640.76-0.380.1-0.490.930.760.98
0.780.760.550.950.780.880.770.30.80.280.470.680.690.40.520.760.4-0.230.53-0.090.36-0.180.770.560.83
0.740.620.870.470.740.680.580.280.68-0.430.240.840.280.090.640.650.4-0.910.78-0.620.29-0.490.740.870.62
-0.72-0.62-0.85-0.32-0.72-0.47-0.56-0.39-0.650.48-0.06-0.84-0.15-0.05-0.78-0.64-0.23-0.91-0.860.65-0.180.48-0.73-0.87-0.59
0.890.860.880.530.870.580.660.640.82-0.320.00.960.2-0.020.950.760.530.78-0.86-0.430.31-0.260.910.910.78
-0.39-0.32-0.53-0.22-0.39-0.25-0.3-0.22-0.360.43-0.01-0.450.0-0.13-0.46-0.38-0.09-0.620.65-0.43-0.120.76-0.39-0.53-0.31
0.280.230.540.310.260.350.26-0.080.2-0.360.370.310.31-0.290.230.10.360.29-0.180.31-0.120.250.320.410.24
-0.37-0.32-0.26-0.34-0.39-0.34-0.4-0.17-0.42-0.05-0.12-0.35-0.17-0.57-0.31-0.49-0.18-0.490.48-0.260.760.25-0.34-0.37-0.38
0.990.970.860.810.970.790.890.570.95-0.040.240.970.490.280.870.930.770.74-0.730.91-0.390.32-0.340.880.95
0.870.810.920.610.860.670.720.50.8-0.370.160.940.260.050.830.760.560.87-0.870.91-0.530.41-0.370.880.77
0.980.930.710.850.980.790.930.420.990.20.410.890.60.390.740.980.830.62-0.590.78-0.310.24-0.380.950.77
Click cells to compare fundamentals

Wipro Limited Account Relationship Matchups

Wipro Limited fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets817.1B831.4B1.1T1.2T1.2T1.2T
Short Long Term Debt Total97.2B104.5B175.9B174.7B164.6B172.9B
Other Current Liab38.3B82.5B132B105.0B99.6B104.6B
Total Current Liabilities216.4B230.0B308.3B267.8B252.5B141.9B
Total Stockholder Equity557.5B553.1B658.2B781.2B749.9B787.4B
Property Plant And Equipment Net97.9B101.6B109.8B107.4B99.6B56.4B
Current Deferred Revenue20.2B23.4B30.1B24.7B19.4B25.7B
Net Debt(47.3B)(65.3B)72.1B82.8B67.7B71.1B
Retained Earnings519.9B466.7B551.3B661.0B630.9B662.5B
Accounts Payable78.1B23.2B28.7B21.7B23.3B34.0B
Cash144.5B169.8B103.8B91.9B97.0B73.0B
Non Current Assets Total297.2B308.2B458.4B514.7B502.7B527.9B
Non Currrent Assets Other29.9B40.4B35.5B32.7B21.5B18.6B
Other Assets41.3B42.1B38.2B15.7B(927M)(880.7M)
Long Term Debt4.8B7.5B56.5B61.3B62.3B65.4B
Cash And Short Term Investments335.2B346.1B351.3B401.9B407.8B428.2B
Net Receivables164.3B141.4B201.7B215.5B199.0B107.2B
Common Stock Shares Outstanding5.8B5.7B5.5B5.5B5.3B4.8B
Liabilities And Stockholders Equity817.1B831.4B1.1T1.2T1.2T1.2T
Non Current Liabilities Total41.3B46.8B112.2B126.3B148.8B156.2B
Inventory1.9B1.1B1.3B1.2B907M861.7M
Other Current Assets135M35.9B72.8B43.9B43.0B22.6B
Other Stockholder Equity(17.7B)714M1.6B3.7B3.3B3.1B
Total Liab257.7B276.8B420.5B394.1B401.2B421.3B
Property Plant And Equipment Gross97.9B101.6B238.9B235.3B220.1B231.1B
Total Current Assets519.9B523.2B620.8B661.1B650.7B683.2B
Accumulated Other Comprehensive Income43.8B41.2B47.1B46.8B105.2B110.5B
Short Term Debt79.8B83.5B104.3B97.4B88.4B53.3B
Intangible Assets20.9B13.1B43.6B43.0B32.7B34.4B
Common Stock11.4B11.0B11.0B11.0B10.5B5.4B
Property Plant Equipment97.9B101.6B109.8B107.4B123.5B129.6B
Other Liab23.9B25.8B40.5B49.1B56.5B59.3B
Good Will131.0B139.1B247.0B308.0B316.0B459.5B
Short Term Investments190.7B176.3B247.4B310.0B311.2B326.7B
Net Tangible Assets410.1B400.9B367.6B430.1B494.7B335.5B
Deferred Long Term Liab4.3B3.8B3.4B3.2B3.7B2.5B
Long Term Investments10.7B12.4B20.3B27.8B22.7B12.1B
Short Long Term Debt73.2B75.9B95.2B88.8B79.2B75.1B

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