RHI Selling General Administrative vs Property Plant Equipment Analysis

RHIM Stock   513.60  19.60  3.68%   
RHI MAGNESITA financial indicator trend analysis is much more than just breaking down RHI MAGNESITA INDIA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RHI MAGNESITA INDIA is a good investment. Please check the relationship between RHI MAGNESITA Selling General Administrative and its Property Plant Equipment accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RHI MAGNESITA INDIA. 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.

Selling General Administrative vs Property Plant Equipment

Selling General Administrative vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RHI MAGNESITA INDIA Selling General Administrative account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between RHI MAGNESITA's Selling General Administrative and Property Plant Equipment is 0.96. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of RHI MAGNESITA INDIA, assuming nothing else is changed. The correlation between historical values of RHI MAGNESITA's Selling General Administrative and Property Plant Equipment 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 General Administrative of RHI MAGNESITA INDIA are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Selling General Administrative i.e., RHI MAGNESITA's Selling General Administrative and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Selling General Administrative

Property Plant Equipment

Most indicators from RHI MAGNESITA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RHI MAGNESITA INDIA 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 RHI MAGNESITA INDIA. 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.
Selling General Administrative is likely to gain to about 524.5 M in 2024, whereas Tax Provision is likely to drop slightly above 649.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense21.6M394.7M641.5M673.6M
Depreciation And Amortization338.3M709.0M1.9B2.0B

RHI MAGNESITA fundamental ratios Correlations

0.880.970.870.280.930.590.540.570.920.980.660.780.860.990.550.990.240.970.990.970.990.950.68-0.160.98
0.880.740.960.330.90.820.770.480.990.870.610.960.920.830.880.860.220.810.820.840.90.70.94-0.120.81
0.970.740.750.250.870.430.390.570.810.950.630.620.760.990.340.970.220.960.980.950.950.980.5-0.170.97
0.870.960.750.090.810.710.680.370.970.820.540.960.950.820.850.890.220.770.850.790.870.750.93-0.090.86
0.280.330.250.090.580.420.440.520.310.450.40.160.170.310.20.15-0.010.460.160.460.370.060.130.020.08
0.930.90.870.810.580.70.650.660.920.980.70.770.820.930.620.880.150.960.870.970.970.780.7-0.180.84
0.590.820.430.710.420.70.90.450.780.620.450.810.640.550.830.55-0.070.560.510.560.650.350.83-0.230.49
0.540.770.390.680.440.650.90.420.730.580.440.790.630.490.790.510.010.510.460.50.590.310.790.210.45
0.570.480.570.370.520.660.450.420.50.630.940.390.40.580.230.51-0.060.640.510.60.590.460.29-0.110.48
0.920.990.810.970.310.920.780.730.50.910.630.950.930.890.820.910.230.860.880.890.940.770.9-0.140.87
0.980.870.950.820.450.980.620.580.630.910.70.750.830.980.540.950.240.990.950.990.990.890.65-0.150.92
0.660.610.630.540.40.70.450.440.940.630.70.540.50.640.370.610.140.670.60.670.660.560.44-0.060.59
0.780.960.620.960.160.770.810.790.390.950.750.540.90.720.920.780.170.680.730.70.80.610.98-0.050.74
0.860.920.760.950.170.820.640.630.40.930.830.50.90.830.780.870.150.790.840.80.870.740.86-0.040.84
0.990.830.990.820.310.930.550.490.580.890.980.640.720.830.480.980.210.980.990.980.990.950.61-0.20.97
0.550.880.340.850.20.620.830.790.230.820.540.370.920.780.480.540.150.450.470.490.590.310.97-0.070.48
0.990.860.970.890.150.880.550.510.510.910.950.610.780.870.980.540.230.941.00.940.970.970.69-0.171.0
0.240.220.220.22-0.010.15-0.070.01-0.060.230.240.140.170.150.210.150.230.130.250.250.190.260.150.180.24
0.970.810.960.770.460.960.560.510.640.860.990.670.680.790.980.450.940.130.940.990.980.90.57-0.190.91
0.990.820.980.850.160.870.510.460.510.880.950.60.730.840.990.471.00.250.940.940.960.980.63-0.190.99
0.970.840.950.790.460.970.560.50.60.890.990.670.70.80.980.490.940.250.990.940.980.890.6-0.20.91
0.990.90.950.870.370.970.650.590.590.940.990.660.80.870.990.590.970.190.980.960.980.90.71-0.210.94
0.950.70.980.750.060.780.350.310.460.770.890.560.610.740.950.310.970.260.90.980.890.90.48-0.160.98
0.680.940.50.930.130.70.830.790.290.90.650.440.980.860.610.970.690.150.570.630.60.710.48-0.070.64
-0.16-0.12-0.17-0.090.02-0.18-0.230.21-0.11-0.14-0.15-0.06-0.05-0.04-0.2-0.07-0.170.18-0.19-0.19-0.2-0.21-0.16-0.07-0.17
0.980.810.970.860.080.840.490.450.480.870.920.590.740.840.970.481.00.240.910.990.910.940.980.64-0.17
Click cells to compare fundamentals

RHI MAGNESITA Account Relationship Matchups

RHI MAGNESITA fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B12.6B16.7B58.9B51.2B53.7B
Total Current Liabilities1.5B3.9B6.1B25.3B8.8B9.3B
Total Stockholder Equity4.3B8.1B10.3B28.9B38.5B40.4B
Net Debt(440.1M)(930.0M)25.0M12.7B4.4B4.6B
Retained Earnings3.3B6.2B8.5B3.4B2.1B2.6B
Accounts Payable2.4B3.5B5.3B8.4B5.8B6.1B
Cash1.1B1.6B622.1M3.2B500.3M760.2M
Cash And Short Term Investments1.2B1.6B628.1M3.3B507.9M945.7M
Liabilities And Stockholders Equity5.8B12.6B16.7B58.9B51.2B53.7B
Total Liab1.5B4.5B6.5B29.1B12.7B13.3B
Total Current Assets4.4B9.6B13.4B25.6B22.0B23.1B
Other Current Liab342.9M426.0M90.7M4.0B1.7B1.8B
Property Plant And Equipment Net1.4B2.9B3.1B9.2B9.3B9.7B
Current Deferred Revenue76.6M375.8M418.3M3.8B(16.6M)(15.7M)
Non Current Assets Total1.4B3.0B3.4B33.4B29.2B30.6B
Non Currrent Assets Other(2.4B)118.4M286.5M325.4M292.1M306.7M
Net Receivables3.9B4.3B6.4B10.4B10.7B11.2B
Non Current Liabilities Total12.6M626.8M394.0M3.8B3.9B4.0B
Inventory1.3B3.5B6.1B9.6B9.1B9.5B
Other Current Assets425.2M576.8M787.9M2.2B1.7B1.8B
Short Term Debt130.0M7.0M267.8M12.6B1.3B1.2B
Short Term Investments10M15M6M110.1M7.6M7.2M
Intangible Assets972K36.6M56.3M10.9B10.7B11.2B
Other Liab7.3M9.9M14.7M556.6M640.1M672.1M
Net Tangible Assets7.0B8.0B10.2B5.2B5.9B6.9B
Other Assets91.6M138.1M198.8M341.7M1.00.95
Net Invested Capital4.3B8.7B10.9B43.8B42.1B44.2B
Non Current Liabilities Other7.3M9.9M14.7M15.8M19.1M12.6M
Net Working Capital2.9B5.7B7.3B286.2M13.1B13.8B
Property Plant Equipment2.4B2.9B3.1B9.2B10.6B11.1B

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