Renew Total Current Assets vs Asset Turnover Analysis

RNW Stock

USD 6.46 0.11 1.67%

Renew Energy financial indicator trend analysis is much more than just breaking down Renew Energy Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renew Energy Global is a good investment. Please check the relationship between Renew Energy Total Current Assets and its Asset Turnover accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renew Energy Global. 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 Assets vs Asset Turnover

Total Current Assets vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renew Energy Global Total Current Assets account and Asset Turnover. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Renew Energy's Total Current Assets and Asset Turnover is 0.58. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Renew Energy Global, assuming nothing else is changed. The correlation between historical values of Renew Energy's Total Current Assets and Asset Turnover 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 Assets of Renew Energy Global are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Assets i.e., Renew Energy's Total Current Assets and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Renew Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renew Energy Global 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 Renew Energy Global. 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.

Sales General And Administrative To Revenue is likely to climb to 0.07 in 2025, whereas Tax Provision is likely to drop slightly above 3.2 B in 2025.

	2022	2023	2024	2025 (projected)
EBIT	41.5B	51.2B	58.8B	35.5B
Other Operating Expenses	25.0B	8.6B	9.9B	17.0B

Ebit Other Operating Expenses

Renew Energy fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Short Term Investments
Other Current Liab		0.74	0.49	0.67	-0.67	0.72	0.87	-0.03	0.71	0.7	0.7	-0.62	0.43	0.69	0.61	0.69	0.63	0.7	0.56	0.55	0.7	0.37	0.39	0.55	-0.59	0.58
Total Current Liabilities	0.74		0.86	0.95	-0.93	0.99	0.71	0.22	0.85	0.87	0.9	-0.69	0.81	0.97	0.92	0.99	0.91	0.99	0.91	0.87	0.99	0.74	0.74	0.72	-0.73	0.94
Other Liab	0.49	0.86		0.85	-0.84	0.86	0.7	0.63	0.82	0.73	0.95	-0.86	0.97	0.86	0.98	0.9	0.81	0.88	0.97	0.93	0.88	0.95	0.91	0.58	-0.56	0.95
Net Tangible Assets	0.67	0.95	0.85		-0.9	0.92	0.69	0.27	0.73	0.72	0.9	-0.64	0.84	0.95	0.91	0.92	0.97	0.9	0.84	0.87	0.91	0.71	0.81	0.57	-0.57	0.92
Retained Earnings	-0.67	-0.93	-0.84	-0.9		-0.89	-0.7	-0.32	-0.89	-0.91	-0.9	0.7	-0.84	-0.94	-0.89	-0.93	-0.92	-0.91	-0.87	-0.93	-0.92	-0.79	-0.84	-0.65	0.78	-0.91
Accounts Payable	0.72	0.99	0.86	0.92	-0.89		0.69	0.21	0.86	0.86	0.89	-0.7	0.8	0.95	0.92	0.99	0.88	0.99	0.93	0.82	0.99	0.75	0.69	0.73	-0.73	0.95
Other Assets	0.87	0.71	0.7	0.69	-0.7	0.69		0.45	0.77	0.65	0.86	-0.87	0.69	0.72	0.77	0.7	0.68	0.68	0.68	0.69	0.69	0.63	0.65	0.51	-0.52	0.71
Net Receivables	-0.03	0.22	0.63	0.27	-0.32	0.21	0.45		0.41	0.21	0.55	-0.7	0.72	0.32	0.55	0.28	0.34	0.23	0.49	0.52	0.24	0.71	0.71	0.2	-0.14	0.49
Inventory	0.71	0.85	0.82	0.73	-0.89	0.86	0.77	0.41		0.96	0.88	-0.86	0.8	0.86	0.86	0.9	0.76	0.89	0.9	0.82	0.89	0.84	0.73	0.8	-0.89	0.87
Other Current Assets	0.7	0.87	0.73	0.72	-0.91	0.86	0.65	0.21	0.96		0.79	-0.69	0.7	0.87	0.78	0.9	0.77	0.9	0.84	0.79	0.9	0.73	0.65	0.83	-0.95	0.83
Other Stockholder Equity	0.7	0.9	0.95	0.9	-0.9	0.89	0.86	0.55	0.88	0.79		-0.9	0.94	0.92	0.98	0.92	0.89	0.9	0.93	0.92	0.9	0.89	0.89	0.62	-0.64	0.95
Deferred Long Term Liab	-0.62	-0.69	-0.86	-0.64	0.7	-0.7	-0.87	-0.7	-0.86	-0.69	-0.9		-0.85	-0.71	-0.87	-0.74	-0.64	-0.72	-0.85	-0.77	-0.73	-0.89	-0.78	-0.58	0.59	-0.8
Total Current Assets	0.43	0.81	0.97	0.84	-0.84	0.8	0.69	0.72	0.8	0.7	0.94	-0.85		0.87	0.96	0.85	0.86	0.81	0.92	0.93	0.82	0.94	0.96	0.58	-0.57	0.94
Common Stock	0.69	0.97	0.86	0.95	-0.94	0.95	0.72	0.32	0.86	0.87	0.92	-0.71	0.87		0.93	0.97	0.97	0.95	0.89	0.9	0.95	0.77	0.82	0.78	-0.77	0.95
Property Plant Equipment	0.61	0.92	0.98	0.91	-0.89	0.92	0.77	0.55	0.86	0.78	0.98	-0.87	0.96	0.93		0.94	0.89	0.92	0.97	0.94	0.93	0.91	0.9	0.65	-0.63	0.98
Total Assets	0.69	0.99	0.9	0.92	-0.93	0.99	0.7	0.28	0.9	0.9	0.92	-0.74	0.85	0.97	0.94		0.89	1.0	0.96	0.89	1.0	0.81	0.77	0.75	-0.77	0.96
Total Stockholder Equity	0.63	0.91	0.81	0.97	-0.92	0.88	0.68	0.34	0.76	0.77	0.89	-0.64	0.86	0.97	0.89	0.89		0.86	0.81	0.86	0.87	0.71	0.84	0.66	-0.67	0.92
Property Plant And Equipment Net	0.7	0.99	0.88	0.9	-0.91	0.99	0.68	0.23	0.89	0.9	0.9	-0.72	0.81	0.95	0.92	1.0	0.86		0.95	0.85	1.0	0.79	0.72	0.76	-0.77	0.94
Net Debt	0.56	0.91	0.97	0.84	-0.87	0.93	0.68	0.49	0.9	0.84	0.93	-0.85	0.92	0.89	0.97	0.96	0.81	0.95		0.9	0.95	0.94	0.83	0.69	-0.7	0.96
Cash	0.55	0.87	0.93	0.87	-0.93	0.82	0.69	0.52	0.82	0.79	0.92	-0.77	0.93	0.9	0.94	0.89	0.86	0.85	0.9		0.87	0.88	0.95	0.59	-0.64	0.89
Non Current Assets Total	0.7	0.99	0.88	0.91	-0.92	0.99	0.69	0.24	0.89	0.9	0.9	-0.73	0.82	0.95	0.93	1.0	0.87	1.0	0.95	0.87		0.79	0.73	0.75	-0.77	0.95
Non Currrent Assets Other	0.37	0.74	0.95	0.71	-0.79	0.75	0.63	0.71	0.84	0.73	0.89	-0.89	0.94	0.77	0.91	0.81	0.71	0.79	0.94	0.88	0.79		0.9	0.57	-0.61	0.89
Cash And Short Term Investments	0.39	0.74	0.91	0.81	-0.84	0.69	0.65	0.71	0.73	0.65	0.89	-0.78	0.96	0.82	0.9	0.77	0.84	0.72	0.83	0.95	0.73	0.9		0.49	-0.52	0.86
Good Will	0.55	0.72	0.58	0.57	-0.65	0.73	0.51	0.2	0.8	0.83	0.62	-0.58	0.58	0.78	0.65	0.75	0.66	0.76	0.69	0.59	0.75	0.57	0.49		-0.91	0.7
Common Stock Shares Outstanding	-0.59	-0.73	-0.56	-0.57	0.78	-0.73	-0.52	-0.14	-0.89	-0.95	-0.64	0.59	-0.57	-0.77	-0.63	-0.77	-0.67	-0.77	-0.7	-0.64	-0.77	-0.61	-0.52	-0.91		-0.69
Short Term Investments	0.58	0.94	0.95	0.92	-0.91	0.95	0.71	0.49	0.87	0.83	0.95	-0.8	0.94	0.95	0.98	0.96	0.92	0.94	0.96	0.89	0.95	0.89	0.86	0.7	-0.69

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Renew Energy Account Relationship Matchups

Renew Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	14.1B	24.2B	41.0B	47.2B	54.3B	33.8B
Total Current Liabilities	60.8B	101.3B	115.8B	142.0B	163.4B	91.8B
Other Liab	9.8B	26.0B	29.6B	37.0B	42.5B	24.4B
Net Tangible Assets	35.6B	38.6B	25.7B	78.7B	90.5B	46.7B
Retained Earnings	(6.5B)	(38.4B)	(53.6B)	(56.4B)	(50.8B)	(48.3B)
Accounts Payable	3.2B	5.6B	6.1B	9.1B	10.5B	5.3B
Other Assets	26.3B	12.1B	14.0B	20.0B	23.0B	17.9B
Net Receivables	40.0B	44.8B	22.2B	15.6B	18.0B	28.9B
Inventory	833M	815M	1.2B	1.7B	1.9B	2.0B
Other Current Assets	9.5B	10.5B	23.6B	36.9B	42.4B	44.5B
Other Stockholder Equity	67.2B	153.4B	154.1B	156.8B	180.4B	106.4B
Total Current Assets	92.3B	135.2B	111.8B	104.4B	120.1B	98.9B
Property Plant Equipment	282.5B	345.3B	346.3B	445.1B	511.9B	366.3B
Total Assets	492.1B	641.3B	748.1B	873.9B	1.0T	666.1B
Total Stockholder Equity	62.1B	118.4B	106.8B	105.2B	121.0B	99.0B
Property Plant And Equipment Net	353.8B	445.1B	544.5B	691.5B	795.2B	489.2B
Net Debt	331.0B	363.3B	478.2B	628.6B	722.9B	387.2B
Cash	20.7B	28.4B	38.2B	27.0B	31.1B	25.2B
Non Current Assets Total	399.7B	506.1B	636.4B	769.5B	884.9B	554.9B
Non Currrent Assets Other	4.9B	17.0B	43.2B	33.5B	38.6B	40.5B
Cash And Short Term Investments	47.2B	81.3B	80.6B	51.9B	59.7B	60.7B
Short Term Investments	26.6B	52.9B	42.4B	55.9B	64.3B	41.2B
Non Current Liabilities Total	366.5B	413.7B	512.5B	610.2B	701.7B	459.2B
Total Liab	427.3B	515.0B	628.4B	752.2B	865.1B	558.3B
Intangible Assets	24.8B	28.1B	27.0B	26.3B	30.2B	28.7B
Short Long Term Debt Total	351.6B	391.7B	516.4B	655.7B	754.0B	494.9B
Long Term Debt	308.4B	373.7B	467.7B	565.9B	650.7B	442.9B
Liabilities And Stockholders Equity	492.1B	641.3B	748.1B	873.9B	1.0T	711.7B
Capital Lease Obligations	2.1B	3.5B	6.2B	8.3B	9.6B	10.1B
Net Invested Capital	411.6B	506.7B	617.1B	752.5B	865.4B	592.9B
Long Term Investments	3.0B	3.3B	5.4B	7.9B	9.1B	4.6B
Property Plant And Equipment Gross	395.7B	445.1B	544.5B	779.8B	896.8B	560.5B
Short Long Term Debt	41.1B	14.5B	42.5B	81.5B	93.7B	47.2B
Accumulated Other Comprehensive Income	(5.2B)	(1.3B)	(618M)	2.7B	3.1B	3.2B
Non Current Liabilities Other	11M	5M	1.7B	2.0B	2.3B	2.4B
Net Working Capital	31.5B	33.9B	(4.1B)	(37.6B)	(33.8B)	(32.2B)
Short Term Debt	41.4B	71.0B	67.0B	85.3B	98.1B	66.0B

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Renew Total Current Assets vs Asset Turnover Analysis

Total Current Assets vs Asset Turnover

Total Current Assets vs Asset Turnover Correlation Analysis

Correlation Coefficient

Total Current Assets

Asset Turnover

Renew Energy fundamental ratios Correlations

Renew Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Renew Energy fundamental ratios Accounts

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Accounts Payable	+ 0.99	Total Current Liabilities
Total Assets	+ 0.99	Total Current Liabilities
Property Plant And Equipment Net	+ 0.99	Total Current Liabilities

Common Stock Shares Outstanding	- 0.95	Other Current Assets
Common Stock	- 0.94	Retained Earnings
Cash	- 0.93	Retained Earnings
Total Assets	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Total Current Liabilities
Non Current Assets Total	- 0.92	Retained Earnings