Parag Total Assets vs Intangible Assets Analysis
| PARAGMILK | | | 315.25 4.75 1.48% |
Parag Milk financial indicator trend analysis is much more than just breaking down Parag Milk Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parag Milk Foods is a good investment. Please check the relationship between Parag Milk Total Assets and its Intangible Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parag Milk Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Total Assets vs Intangible Assets
Total Assets vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Parag Milk Foods Total Assets account and
Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Parag Milk's Total Assets and Intangible Assets is -0.6. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Parag Milk Foods, assuming nothing else is changed. The correlation between historical values of Parag Milk's Total Assets and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Parag Milk Foods are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Assets i.e., Parag Milk's Total Assets and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.6 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Parag Milk assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Parag Milk Foods books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Parag Milk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parag Milk Foods 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Parag Milk Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
The current
Selling General Administrative is estimated to decrease to about 117.8
M. The current
Tax Provision is estimated to decrease to about 114.5
MParag Milk fundamental ratios Correlations
Click cells to compare fundamentals
Parag Milk Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parag Milk fundamental ratios Accounts
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Other Information on Investing in Parag Stock
Balance Sheet is a snapshot of the
financial position of Parag Milk Foods at a specified time, usually calculated after every quarter, six months, or one year. Parag Milk Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Parag Milk 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 Parag currently owns. An asset can also be divided into two categories, current and non-current.