RELIANCE | | | 1,287 21.60 1.71% |
Reliance Industries financial indicator trend analysis is much more than just breaking down Reliance Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Industries is a good investment. Please check the relationship between Reliance Industries Selling And Marketing Expenses and its Total Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Industries 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 nation.
Selling And Marketing Expenses vs Total Revenue
Selling And Marketing Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reliance Industries Selling And Marketing Expenses account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Reliance Industries' Selling And Marketing Expenses and Total Revenue is 0.96. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Reliance Industries Limited, assuming nothing else is changed. The correlation between historical values of Reliance Industries' Selling And Marketing Expenses and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Reliance Industries Limited are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Selling And Marketing Expenses i.e., Reliance Industries' Selling And Marketing Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling And Marketing Expenses
Total Revenue
Total revenue comprises all receipts Reliance Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Reliance Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Industries 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 Reliance Industries 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 nation.
The current year's
Selling General Administrative is expected to grow to about 169.6
B, whereas
Tax Provision is forecasted to decline to about 154
B.
Reliance Industries fundamental ratios Correlations
Click cells to compare fundamentals
Reliance Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Industries fundamental ratios Accounts
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Other Information on Investing in Reliance Stock
Balance Sheet is a snapshot of the
financial position of Reliance Industries at a specified time, usually calculated after every quarter, six months, or one year. Reliance Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Reliance Industries 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 Reliance currently owns. An asset can also be divided into two categories, current and non-current.