Roadzen Total Current Liabilities vs Selling General Administrative Analysis
| RDZNW Stock | 0.05 0.01 10.02% |
Roadzen financial indicator trend analysis is much more than just breaking down Roadzen prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roadzen is a good investment. Please check the relationship between Roadzen Total Current Liabilities and its Selling General Administrative accounts. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Current Liabilities vs Selling General Administrative
Total Current Liabilities vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roadzen Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have totally related.
The correlation between Roadzen's Total Current Liabilities and Selling General Administrative is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Roadzen, assuming nothing else is changed. The correlation between historical values of Roadzen's Total Current Liabilities and Selling General Administrative 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 Current Liabilities of Roadzen are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Roadzen's Total Current Liabilities and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Roadzen balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Roadzen are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Selling General Administrative
Most indicators from Roadzen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roadzen 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Roadzen's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 6.4 M in 2024, whereas Tax Provision is likely to drop (24.8 K) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 4.8M | 5.4M | 18.1M | 19.0M | Research Development | 1.3M | 2.7M | 5.0M | 2.7M |
Roadzen fundamental ratios Correlations
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Roadzen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Roadzen's price analysis, check to measure Roadzen'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 Roadzen is operating at the current time. Most of Roadzen's value examination focuses on studying past and present price action to predict the probability of Roadzen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roadzen's price. Additionally, you may evaluate how the addition of Roadzen to your portfolios can decrease your overall portfolio volatility.