Reliance Capex To Depreciation vs Ev To Sales Analysis

RIGD Stock

USD 59.60 2.10 3.65%

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 Capex To Depreciation and its Ev To Sales 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 board of governors.

Capex To Depreciation vs Ev To Sales

Capex To Depreciation vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Industries Capex To Depreciation account and Ev To Sales. At this time, the significance of the direction appears to have very week relationship.

The correlation between Reliance Industries' Capex To Depreciation and Ev To Sales is 0.21. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ev To Sales 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' Capex To Depreciation and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Reliance Industries Limited are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Capex To Depreciation i.e., Reliance Industries' Capex To Depreciation and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

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 board of governors.

Enterprise Value is expected to rise to about 23.7 T this year, although the value of Tax Provision will most likely fall to about 168 B.

	2021	2022	2023	2024 (projected)
Gross Profit	1.7T	2.5T	2.3T	1.8T
Total Revenue	7.0T	8.8T	9.0T	7.1T

Gross Profit Total Revenue

Reliance Industries fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets
Total Assets		-0.55	0.61	0.98	0.91	0.92	0.19	0.83	0.86	0.88	1.0	0.97	0.74	0.8	0.55	0.94	0.79	0.91	0.94	0.96	0.96	0.61	0.87	0.99	0.68	0.99
Other Current Liab	-0.55		0.27	-0.67	-0.3	-0.66	0.36	-0.67	-0.6	-0.39	-0.53	-0.62	-0.27	-0.25	-0.62	-0.48	-0.7	-0.65	-0.32	-0.47	-0.51	-0.2	-0.12	-0.59	0.14	-0.57
Total Current Liabilities	0.61	0.27		0.47	0.75	0.39	0.37	0.31	0.47	0.75	0.63	0.5	0.55	0.68	-0.05	0.6	0.4	0.38	0.76	0.65	0.59	0.42	0.9	0.56	0.88	0.55
Total Stockholder Equity	0.98	-0.67	0.47		0.84	0.96	0.15	0.84	0.83	0.81	0.98	0.99	0.73	0.73	0.62	0.91	0.8	0.95	0.86	0.92	0.93	0.61	0.77	0.99	0.59	0.98
Other Liab	0.91	-0.3	0.75	0.84		0.75	0.12	0.67	0.86	0.9	0.91	0.81	0.73	0.75	0.33	0.85	0.64	0.73	0.96	0.98	0.9	0.64	0.94	0.86	0.67	0.9
Net Tangible Assets	0.92	-0.66	0.39	0.96	0.75		0.16	0.68	0.69	0.71	0.91	0.94	0.84	0.61	0.64	0.84	0.77	0.96	0.76	0.83	0.88	0.75	0.67	0.95	0.61	0.92
Net Debt	0.19	0.36	0.37	0.15	0.12	0.16		0.03	-0.16	-0.04	0.21	0.23	0.19	0.5	0.1	0.38	-0.2	0.17	0.28	0.05	0.28	0.2	0.33	0.23	0.54	0.14
Retained Earnings	0.83	-0.67	0.31	0.84	0.67	0.68	0.03		0.83	0.71	0.82	0.86	0.26	0.71	0.6	0.79	0.7	0.76	0.74	0.78	0.74	0.11	0.62	0.83	0.3	0.84
Accounts Payable	0.86	-0.6	0.47	0.83	0.86	0.69	-0.16	0.83		0.83	0.86	0.8	0.48	0.66	0.27	0.79	0.7	0.65	0.84	0.93	0.82	0.38	0.75	0.82	0.32	0.83
Cash	0.88	-0.39	0.75	0.81	0.9	0.71	-0.04	0.71	0.83		0.88	0.79	0.62	0.76	0.36	0.81	0.86	0.72	0.9	0.91	0.84	0.43	0.9	0.84	0.66	0.86
Non Current Assets Total	1.0	-0.53	0.63	0.98	0.91	0.91	0.21	0.82	0.86	0.88		0.97	0.74	0.81	0.5	0.95	0.78	0.89	0.94	0.96	0.96	0.61	0.88	0.99	0.69	0.97
Non Currrent Assets Other	0.97	-0.62	0.5	0.99	0.81	0.94	0.23	0.86	0.8	0.79	0.97		0.69	0.75	0.61	0.91	0.77	0.94	0.85	0.89	0.91	0.56	0.77	0.99	0.63	0.96
Other Assets	0.74	-0.27	0.55	0.73	0.73	0.84	0.19	0.26	0.48	0.62	0.74	0.69		0.42	0.32	0.64	0.54	0.73	0.66	0.71	0.73	0.96	0.66	0.74	0.74	0.72
Long Term Debt	0.8	-0.25	0.68	0.73	0.75	0.61	0.5	0.71	0.66	0.76	0.81	0.75	0.42		0.4	0.93	0.61	0.63	0.9	0.74	0.87	0.27	0.87	0.79	0.64	0.76
Net Receivables	0.55	-0.62	-0.05	0.62	0.33	0.64	0.1	0.6	0.27	0.36	0.5	0.61	0.32	0.4		0.53	0.58	0.8	0.39	0.4	0.52	0.24	0.25	0.6	0.23	0.65
Good Will	0.94	-0.48	0.6	0.91	0.85	0.84	0.38	0.79	0.79	0.81	0.95	0.91	0.64	0.93	0.53		0.72	0.83	0.95	0.88	0.98	0.52	0.87	0.95	0.64	0.91
Common Stock Shares Outstanding	0.79	-0.7	0.4	0.8	0.64	0.77	-0.2	0.7	0.7	0.86	0.78	0.77	0.54	0.61	0.58	0.72		0.79	0.68	0.72	0.74	0.34	0.61	0.8	0.45	0.79
Short Term Investments	0.91	-0.65	0.38	0.95	0.73	0.96	0.17	0.76	0.65	0.72	0.89	0.94	0.73	0.63	0.8	0.83	0.79		0.75	0.81	0.85	0.62	0.66	0.94	0.6	0.94
Non Current Liabilities Total	0.94	-0.32	0.76	0.86	0.96	0.76	0.28	0.74	0.84	0.9	0.94	0.85	0.66	0.9	0.39	0.95	0.68	0.75		0.95	0.95	0.54	0.97	0.9	0.71	0.91
Inventory	0.96	-0.47	0.65	0.92	0.98	0.83	0.05	0.78	0.93	0.91	0.96	0.89	0.71	0.74	0.4	0.88	0.72	0.81	0.95		0.92	0.6	0.89	0.92	0.61	0.95
Other Current Assets	0.96	-0.51	0.59	0.93	0.9	0.88	0.28	0.74	0.82	0.84	0.96	0.91	0.73	0.87	0.52	0.98	0.74	0.85	0.95	0.92		0.63	0.87	0.95	0.64	0.94
Other Stockholder Equity	0.61	-0.2	0.42	0.61	0.64	0.75	0.2	0.11	0.38	0.43	0.61	0.56	0.96	0.27	0.24	0.52	0.34	0.62	0.54	0.6	0.63		0.52	0.61	0.61	0.6
Total Liab	0.87	-0.12	0.9	0.77	0.94	0.67	0.33	0.62	0.75	0.9	0.88	0.77	0.66	0.87	0.25	0.87	0.61	0.66	0.97	0.89	0.87	0.52		0.83	0.81	0.83
Net Invested Capital	0.99	-0.59	0.56	0.99	0.86	0.95	0.23	0.83	0.82	0.84	0.99	0.99	0.74	0.79	0.6	0.95	0.8	0.94	0.9	0.92	0.95	0.61	0.83		0.67	0.98
Short Long Term Debt	0.68	0.14	0.88	0.59	0.67	0.61	0.54	0.3	0.32	0.66	0.69	0.63	0.74	0.64	0.23	0.64	0.45	0.6	0.71	0.61	0.64	0.61	0.81	0.67		0.64
Total Current Assets	0.99	-0.57	0.55	0.98	0.9	0.92	0.14	0.84	0.83	0.86	0.97	0.96	0.72	0.76	0.65	0.91	0.79	0.94	0.91	0.95	0.94	0.6	0.83	0.98	0.64

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Reliance Industries Account Relationship Matchups

Reliance Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.7T	13.2T	15.0T	17.1T	17.6T	14.6T
Other Current Liab	1.7T	750.5B	639.2B	1.1T	1.1T	900.8B
Total Current Liabilities	4.1T	2.8T	3.1T	4.0T	4.0T	3.8T
Total Stockholder Equity	4.5T	7.0T	7.8T	8.2T	7.9T	6.6T
Other Liab	865.1B	735.8B	1.0T	1.8T	1.9T	1.2T
Net Tangible Assets	3.0T	5.6T	5.5T	6.9T	4.3T	4.7T
Net Debt	3.1T	2.4T	2.3T	2.4T	2.3T	2.0T
Retained Earnings	2.9T	4.6T	5.2T	3.0T	6.3T	4.3T
Accounts Payable	968.0B	1.1T	1.6T	1.5T	1.8T	1.4T
Cash	258.0B	145.1B	335.1B	747.1B	972.3B	1.0T
Non Current Assets Total	9.1T	9.5T	11.5T	12.7T	12.9T	11.0T
Non Currrent Assets Other	225.4B	358.9B	433.7B	409.8B	430.9B	307.6B
Other Assets	620.4B	686.1B	662.0B	2.4T	475.4B	837.5B
Long Term Debt	2.0T	1.6T	1.9T	1.8T	2.2T	2.1T
Net Receivables	203.3B	589.2B	237.7B	286.7B	341.5B	340.2B
Good Will	102.6B	102.1B	130.1B	136.6B	149.9B	125.6B
Common Stock Shares Outstanding	6.4B	6.8B	6.8B	6.8B	6.8B	7.3B
Short Term Investments	919.2B	1.6T	1.2T	1.5T	1.3T	1.2T
Non Current Liabilities Total	2.9T	2.4T	3.0T	3.8T	4.3T	3.4T
Inventory	739.0B	816.7B	1.1T	1.4T	1.5T	1.1T
Other Current Assets	444.7B	491B	585.7B	698.8B	674.4B	593.5B
Other Stockholder Equity	873.8B	1.6T	1.4T	8.1T	539.8B	512.8B
Total Liab	7.0T	5.2T	6.1T	7.8T	8.3T	7.2T
Net Invested Capital	7.9T	9.5T	10.5T	11.4T	11.2T	9.8T
Short Long Term Debt	1.4T	881.3B	786.1B	1.3T	1.0T	1.1T
Total Current Assets	2.6T	3.7T	3.5T	4.4T	4.7T	3.6T
Non Current Liabilities Other	193.0B	193.4B	377.9B	1.1T	1.1T	1.2T
Net Working Capital	(1.5T)	954.4B	383.6B	454.4B	727.3B	763.7B
Intangible Assets	1.4T	1.3T	2.2T	3.2T	3.5T	2.1T
Common Stock	63.4B	64.5B	67.7B	67.7B	77.8B	70.6B
Property Plant Equipment	5.0T	5.2T	5.7T	6.9T	7.6T	6.2T
Capital Stock	63.4B	64.5B	67.7B	67.7B	77.8B	71.5B

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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.

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Reliance Capex To Depreciation vs Ev To Sales Analysis

Capex To Depreciation vs Ev To Sales

Capex To Depreciation vs Ev To Sales Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Ev To Sales

Reliance Industries fundamental ratios Correlations

Reliance Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Industries fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Other Information on Investing in Reliance Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Non Current Assets Total

Common Stock Shares Outstanding	- 0.7	Other Current Liab
Retained Earnings	- 0.67	Other Current Liab
Total Stockholder Equity	- 0.67	Other Current Liab
Net Tangible Assets	- 0.66	Other Current Liab
Short Term Investments	- 0.65	Other Current Liab
Net Receivables	- 0.62	Other Current Liab