RLX Stock | | | USD 1.78 0.04 2.20% |
RLX Technology financial indicator trend analysis is much more than just breaking down RLX Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RLX Technology is a good investment. Please check the relationship between RLX Technology Current Deferred Revenue and its Capital Lease Obligations accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLX Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy RLX Stock please use our
How to Invest in RLX Technology guide.
Current Deferred Revenue vs Capital Lease Obligations
Current Deferred Revenue vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
RLX Technology Current Deferred Revenue account and
Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between RLX Technology's Current Deferred Revenue and Capital Lease Obligations is 0.79. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of RLX Technology, assuming nothing else is changed. The correlation between historical values of RLX Technology's Current Deferred Revenue and Capital Lease Obligations 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 Deferred Revenue of RLX Technology are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Current Deferred Revenue i.e., RLX Technology's Current Deferred Revenue and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Capital Lease Obligations
RLX Technology capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to RLX Technology asset purchases. For example, RLX Technology can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as RLX Technology control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from RLX Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RLX Technology 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 RLX Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy RLX Stock please use our
How to Invest in RLX Technology guide.
Sales General And Administrative To Revenue is likely to rise to 0.42 in 2024, whereas
Tax Provision is likely to drop slightly above 17.3
M in 2024.
RLX Technology fundamental ratios Correlations
Click cells to compare fundamentals
RLX Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RLX Technology fundamental ratios Accounts
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Additional Tools for RLX Stock Analysis
When running RLX Technology's price analysis, check to
measure RLX Technology'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 RLX Technology is operating at the current time. Most of RLX Technology's value examination focuses on studying past and present price action to
predict the probability of RLX Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RLX Technology's price. Additionally, you may evaluate how the addition of RLX Technology to your portfolios can decrease your overall portfolio volatility.