Renew Total Revenue vs Minority Interest Analysis

RNW Stock

USD 5.89 0.26 4.62%

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 Revenue and its Minority Interest 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 Revenue vs Minority Interest

Total Revenue vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renew Energy Global Total Revenue account and Minority Interest. At this time, the significance of the direction appears to have pay attention.

The correlation between Renew Energy's Total Revenue and Minority Interest is -0.93. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Minority Interest 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 Revenue and Minority Interest 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 Revenue of Renew Energy Global are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Revenue i.e., Renew Energy's Total Revenue and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

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Total Revenue

Total revenue comprises all receipts Renew Energy Global 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.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Renew Energy Global whose combined shares represent less than 50% of the total outstanding shares issued by Renew Energy have a minority interest in Renew Energy.

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.

At this time, Renew Energy's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 852 B in 2024, whereas Tax Provision is likely to drop slightly above 3.2 B in 2024.

	2021	2022	2023	2024 (projected)
EBIT	24.2B	41.5B	51.2B	35.5B
Other Operating Expenses	26.4B	25.0B	8.6B	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		0.63	0.37	0.57	-0.59	0.6	0.87	-0.1	0.67	0.61	0.61	-0.58	0.29	0.6	0.51	0.56	0.49	0.57	0.4	0.45	0.57	0.26	0.31	0.52	-0.43	0.42
Total Current Liabilities	0.63		0.86	0.95	-0.95	0.98	0.71	0.22	0.9	0.86	0.89	-0.7	0.8	0.99	0.93	0.98	0.88	0.98	0.87	0.88	0.98	0.74	0.78	0.8	-0.58	0.92
Other Liab	0.37	0.86		0.83	-0.81	0.88	0.67	0.62	0.91	0.7	0.94	-0.86	0.95	0.85	0.98	0.91	0.76	0.9	0.98	0.9	0.9	0.95	0.89	0.63	-0.43	0.95
Net Tangible Assets	0.57	0.95	0.83		-0.87	0.93	0.67	0.28	0.8	0.69	0.87	-0.62	0.79	0.95	0.9	0.91	0.93	0.9	0.79	0.83	0.9	0.67	0.79	0.63	-0.39	0.9
Retained Earnings	-0.59	-0.95	-0.81	-0.87		-0.91	-0.68	-0.18	-0.84	-0.93	-0.87	0.69	-0.81	-0.95	-0.87	-0.95	-0.9	-0.93	-0.85	-0.91	-0.94	-0.76	-0.83	-0.79	0.77	-0.89
Accounts Payable	0.6	0.98	0.88	0.93	-0.91		0.7	0.22	0.92	0.85	0.88	-0.74	0.79	0.98	0.94	0.98	0.84	0.99	0.9	0.82	0.98	0.77	0.73	0.85	-0.58	0.93
Other Assets	0.87	0.71	0.67	0.67	-0.68	0.7		0.39	0.84	0.64	0.85	-0.86	0.65	0.69	0.75	0.69	0.63	0.68	0.65	0.65	0.68	0.59	0.61	0.54	-0.42	0.68
Net Receivables	-0.1	0.22	0.62	0.28	-0.18	0.22	0.39		0.39	0.02	0.56	-0.6	0.71	0.21	0.52	0.28	0.31	0.22	0.49	0.47	0.23	0.63	0.64	-0.07	0.15	0.5
Inventory	0.67	0.9	0.91	0.8	-0.84	0.92	0.84	0.39		0.84	0.93	-0.91	0.81	0.88	0.95	0.93	0.7	0.93	0.93	0.84	0.93	0.85	0.75	0.78	-0.57	0.88
Other Current Assets	0.61	0.86	0.7	0.69	-0.93	0.85	0.64	0.02	0.84		0.75	-0.69	0.66	0.87	0.77	0.89	0.71	0.9	0.8	0.77	0.9	0.71	0.64	0.91	-0.89	0.78
Other Stockholder Equity	0.61	0.89	0.94	0.87	-0.87	0.88	0.85	0.56	0.93	0.75		-0.91	0.93	0.88	0.97	0.91	0.85	0.88	0.92	0.91	0.89	0.89	0.91	0.62	-0.51	0.94
Deferred Long Term Liab	-0.58	-0.7	-0.86	-0.62	0.69	-0.74	-0.86	-0.6	-0.91	-0.69	-0.91		-0.83	-0.69	-0.86	-0.77	-0.6	-0.75	-0.87	-0.75	-0.75	-0.88	-0.76	-0.6	0.51	-0.81
Total Current Assets	0.29	0.8	0.95	0.79	-0.81	0.79	0.65	0.71	0.81	0.66	0.93	-0.83		0.8	0.93	0.85	0.83	0.81	0.91	0.91	0.81	0.94	0.97	0.53	-0.46	0.95
Common Stock	0.6	0.99	0.85	0.95	-0.95	0.98	0.69	0.21	0.88	0.87	0.88	-0.69	0.8		0.92	0.97	0.91	0.97	0.86	0.85	0.97	0.74	0.77	0.83	-0.62	0.93
Property Plant Equipment	0.51	0.93	0.98	0.9	-0.87	0.94	0.75	0.52	0.95	0.77	0.97	-0.86	0.93	0.92		0.96	0.83	0.94	0.97	0.9	0.95	0.9	0.88	0.71	-0.49	0.97
Total Assets	0.56	0.98	0.91	0.91	-0.95	0.98	0.69	0.28	0.93	0.89	0.91	-0.77	0.85	0.97	0.96		0.85	1.0	0.94	0.91	1.0	0.84	0.82	0.82	-0.65	0.95
Total Stockholder Equity	0.49	0.88	0.76	0.93	-0.9	0.84	0.63	0.31	0.7	0.71	0.85	-0.6	0.83	0.91	0.83	0.85		0.81	0.73	0.84	0.82	0.68	0.86	0.58	-0.54	0.89
Property Plant And Equipment Net	0.57	0.98	0.9	0.9	-0.93	0.99	0.68	0.22	0.93	0.9	0.88	-0.75	0.81	0.97	0.94	1.0	0.81		0.94	0.87	1.0	0.82	0.76	0.86	-0.65	0.93
Net Debt	0.4	0.87	0.98	0.79	-0.85	0.9	0.65	0.49	0.93	0.8	0.92	-0.87	0.91	0.86	0.97	0.94	0.73	0.94		0.89	0.94	0.96	0.85	0.74	-0.58	0.94
Cash	0.45	0.88	0.9	0.83	-0.91	0.82	0.65	0.47	0.84	0.77	0.91	-0.75	0.91	0.85	0.9	0.91	0.84	0.87	0.89		0.88	0.86	0.95	0.55	-0.55	0.88
Non Current Assets Total	0.57	0.98	0.9	0.9	-0.94	0.98	0.68	0.23	0.93	0.9	0.89	-0.75	0.81	0.97	0.95	1.0	0.82	1.0	0.94	0.88		0.82	0.78	0.84	-0.65	0.93
Non Currrent Assets Other	0.26	0.74	0.95	0.67	-0.76	0.77	0.59	0.63	0.85	0.71	0.89	-0.88	0.94	0.74	0.9	0.84	0.68	0.82	0.96	0.86	0.82		0.89	0.6	-0.55	0.9
Cash And Short Term Investments	0.31	0.78	0.89	0.79	-0.83	0.73	0.61	0.64	0.75	0.64	0.91	-0.76	0.97	0.77	0.88	0.82	0.86	0.76	0.85	0.95	0.78	0.89		0.43	-0.48	0.89
Good Will	0.52	0.8	0.63	0.63	-0.79	0.85	0.54	-0.07	0.78	0.91	0.62	-0.6	0.53	0.83	0.71	0.82	0.58	0.86	0.74	0.55	0.84	0.6	0.43		-0.77	0.73
Common Stock Shares Outstanding	-0.43	-0.58	-0.43	-0.39	0.77	-0.58	-0.42	0.15	-0.57	-0.89	-0.51	0.51	-0.46	-0.62	-0.49	-0.65	-0.54	-0.65	-0.58	-0.55	-0.65	-0.55	-0.48	-0.77		-0.56
Short Term Investments	0.42	0.92	0.95	0.9	-0.89	0.93	0.68	0.5	0.88	0.78	0.94	-0.81	0.95	0.93	0.97	0.95	0.89	0.93	0.94	0.88	0.93	0.9	0.89	0.73	-0.56

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Renew Energy Account Relationship Matchups

Renew Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	13.6B	14.1B	24.2B	41.0B	47.2B	33.8B
Total Current Liabilities	52.7B	60.8B	101.3B	115.8B	142.0B	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	1.2B	(6.5B)	(38.4B)	(53.6B)	(56.4B)	(53.6B)
Accounts Payable	3.7B	3.2B	5.6B	6.1B	9.1B	5.3B
Other Assets	26.3B	12.1B	14.0B	20.0B	23.0B	17.9B
Net Receivables	29.6B	40.0B	44.8B	22.2B	14.0B	13.3B
Inventory	609M	833M	815M	1.2B	1.7B	944.7M
Other Current Assets	722M	9.5B	10.5B	23.6B	36.9B	38.7B
Other Stockholder Equity	70.6B	67.2B	153.4B	154.1B	154.2B	106.0B
Total Current Assets	84.9B	92.3B	135.2B	111.8B	104.4B	98.9B
Property Plant Equipment	282.5B	345.3B	346.3B	445.1B	511.9B	366.3B
Total Assets	479.6B	492.1B	641.3B	748.1B	873.9B	666.1B
Total Stockholder Equity	74.5B	62.1B	118.4B	106.8B	105.2B	99.0B
Property Plant And Equipment Net	350.8B	353.8B	445.1B	544.5B	691.5B	489.2B
Net Debt	321.0B	331.0B	363.3B	478.2B	628.6B	387.2B
Cash	13.1B	20.7B	28.4B	38.2B	27.0B	25.2B
Non Current Assets Total	394.6B	399.7B	506.1B	636.4B	769.5B	554.9B
Non Currrent Assets Other	5.2B	4.9B	17.0B	43.2B	33.5B	35.2B
Cash And Short Term Investments	44.4B	47.2B	81.3B	80.6B	51.9B	60.7B
Short Term Investments	31.3B	26.6B	52.9B	42.4B	55.9B	41.2B
Non Current Liabilities Total	348.0B	366.5B	413.7B	512.5B	610.2B	459.2B
Total Liab	400.7B	427.3B	515.0B	628.4B	752.2B	558.3B
Intangible Assets	24.6B	24.8B	28.1B	27.0B	26.3B	28.7B

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Renew Total Revenue vs Minority Interest Analysis

Total Revenue vs Minority Interest

Total Revenue vs Minority Interest Correlation Analysis

Correlation Coefficient

Total Revenue

Minority Interest

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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COMMON DESTINATIONS

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COMPANY

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
Common Stock	+ 0.99	Total Current Liabilities
Property Plant And Equipment Net	+ 0.99	Accounts Payable
Accounts Payable	+ 0.98	Total Current Liabilities

Total Assets	- 0.95	Retained Earnings
Common Stock	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Total Current Liabilities
Non Current Assets Total	- 0.94	Retained Earnings
Property Plant And Equipment Net	- 0.93	Retained Earnings
Other Current Assets	- 0.93	Retained Earnings