Wipro Current Ratio vs Book Value per Share Analysis
WIT Stock | USD 5.47 0.04 0.73% |
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 Current Ratio and its Book Value Per Share 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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Current Ratio vs Book Value Per Share
Current Ratio vs Book Value per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wipro Limited ADR Current Ratio account and Book Value per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Wipro Limited's Current Ratio and Book Value per Share is 0.58. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Book Value per Share 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 Current Ratio and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Wipro Limited ADR are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Current Ratio i.e., Wipro Limited's Current Ratio and Book Value per Share go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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 tightly coupled 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 Over EBITDA is likely to gain to 27.31 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.05 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 235.1B | 259.4B | 266.1B | 279.4B | Total Revenue | 790.9B | 904.9B | 897.6B | 942.5B |
Wipro Limited fundamental ratios Correlations
Click cells to compare fundamentals
Wipro Limited Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wipro Limited fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 817.1B | 831.4B | 1.1T | 1.2T | 1.2T | 1.2T | |
Short Long Term Debt Total | 97.2B | 104.5B | 175.9B | 174.7B | 155.4B | 163.2B | |
Other Current Liab | 38.3B | 44.2B | 74.9B | 58.6B | 84.7B | 89.0B | |
Total Current Liabilities | 216.4B | 230.0B | 308.3B | 267.8B | 252.5B | 141.9B | |
Total Stockholder Equity | 557.5B | 553.1B | 658.2B | 781.2B | 749.9B | 787.4B | |
Property Plant And Equipment Net | 97.9B | 101.6B | 109.8B | 107.4B | 99.6B | 56.4B | |
Net Debt | (47.3B) | (65.3B) | 72.1B | 82.8B | 58.5B | 61.4B | |
Retained Earnings | 519.9B | 466.7B | 551.3B | 661.0B | 674.7B | 708.5B | |
Accounts Payable | 78.1B | 78.9B | 99.0B | 89.1B | 88.6B | 45.3B | |
Cash | 144.5B | 169.8B | 103.8B | 91.9B | 97.0B | 73.0B | |
Non Current Assets Total | 297.2B | 308.2B | 458.4B | 514.7B | 501.8B | 526.9B | |
Non Currrent Assets Other | 29.9B | 40.4B | 35.5B | 26.4B | 30.8B | 18.8B | |
Other Assets | 41.3B | 42.1B | 38.2B | 15.7B | 18.1B | 13.3B | |
Long Term Debt | 4.8B | 7.5B | 56.5B | 61.3B | 70.5B | 74.0B | |
Cash And Short Term Investments | 335.2B | 346.1B | 351.3B | 410.2B | 407.8B | 428.2B | |
Net Receivables | 164.3B | 153.9B | 215.1B | 215.0B | 199.0B | 108.3B | |
Common Stock Shares Outstanding | 5.8B | 5.7B | 5.5B | 5.5B | 5.3B | 4.8B | |
Liabilities And Stockholders Equity | 817.1B | 831.4B | 1.1T | 1.2T | 1.2T | 1.2T | |
Non Current Liabilities Total | 41.3B | 46.8B | 112.2B | 126.3B | 148.8B | 156.2B | |
Inventory | 1.9B | 1.1B | 1.3B | 1.2B | 907M | 861.7M | |
Other Current Assets | 135M | 783M | 1.2B | 32.9B | 43.0B | 45.1B | |
Other Stockholder Equity | (17.7B) | 34.3B | 48.9B | 62.4B | 3.3B | 3.1B | |
Total Liab | 257.7B | 276.8B | 420.5B | 394.1B | 401.2B | 421.3B | |
Property Plant And Equipment Gross | 97.9B | 101.6B | 238.9B | 235.3B | 270.7B | 284.2B | |
Total Current Assets | 519.9B | 523.2B | 620.8B | 661.1B | 650.7B | 683.2B | |
Accumulated Other Comprehensive Income | 43.8B | 41.2B | 47.1B | 46.8B | 61.4B | 64.5B | |
Short Term Debt | 79.8B | 83.5B | 104.3B | 97.4B | 79.2B | 52.9B | |
Intangible Assets | 20.9B | 13.1B | 43.6B | 43.0B | 32.7B | 34.4B | |
Common Stock | 11.4B | 11.0B | 11.0B | 11.0B | 10.5B | 5.4B | |
Property Plant Equipment | 97.9B | 101.6B | 109.8B | 107.4B | 123.5B | 129.6B | |
Current Deferred Revenue | 20.2B | 23.4B | 30.1B | 22.7B | 20.4B | 27.2B | |
Other Liab | 23.9B | 25.8B | 40.5B | 49.1B | 56.5B | 59.3B | |
Good Will | 131.0B | 139.1B | 247.0B | 308.0B | 316.0B | 459.5B | |
Short Term Investments | 190.7B | 176.3B | 247.4B | 318.3B | 310.8B | 326.4B | |
Net Tangible Assets | 410.1B | 400.9B | 367.6B | 430.1B | 494.7B | 335.5B | |
Deferred Long Term Liab | 4.3B | 3.8B | 3.4B | 3.2B | 3.7B | 2.5B | |
Long Term Investments | 10.7B | 12.4B | 20.3B | 27.8B | 32.0B | 33.6B | |
Short Long Term Debt | 73.2B | 75.9B | 95.2B | 88.8B | 102.1B | 73.9B |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wipro Limited in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Wipro Limited's short interest history, or implied volatility extrapolated from Wipro Limited options trading.
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.When determining whether Wipro Limited ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Wipro Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wipro Limited Adr Stock. Highlighted below are key reports to facilitate an investment decision about Wipro Limited Adr Stock: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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Wipro Stock analysis
When running Wipro Limited's price analysis, check to measure Wipro Limited's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wipro Limited is operating at the current time. Most of Wipro Limited's value examination focuses on studying past and present price action to predict the probability of Wipro Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wipro Limited's price. Additionally, you may evaluate how the addition of Wipro Limited to your portfolios can decrease your overall portfolio volatility.
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
Is Wipro Limited's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wipro Limited. If investors know Wipro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wipro Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 1 | Earnings Share 0.26 | Revenue Per Share 169.734 | Quarterly Revenue Growth (0.04) |
The market value of Wipro Limited ADR is measured differently than its book value, which is the value of Wipro that is recorded on the company's balance sheet. Investors also form their own opinion of Wipro Limited's value that differs from its market value or its book value, called intrinsic value, which is Wipro Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wipro Limited's market value can be influenced by many factors that don't directly affect Wipro Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wipro Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wipro Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wipro Limited's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.