ReNew Total Assets vs Net Receivables Analysis
| RNWWW Stock | USD 0.19 0.03 13.64% |
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 Assets and its Net Receivables 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 housing.
Total Assets vs Net Receivables
Total Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ReNew Energy Global Total Assets account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ReNew Energy's Total Assets and Net Receivables is -0.4. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables 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 Assets and Net Receivables 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 Assets of ReNew Energy Global are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., ReNew Energy's Total Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.4 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of ReNew Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in ReNew Energy Global books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Receivables
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 housing. 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) | Depreciation And Amortization | 13.8B | 15.9B | 17.6B | 14.7B | Interest Income | 1.8B | 2.9B | 4.1B | 2.6B |
ReNew Energy fundamental ratios Correlations
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ReNew Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running ReNew Energy's price analysis, check to measure ReNew Energy'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 ReNew Energy is operating at the current time. Most of ReNew Energy's value examination focuses on studying past and present price action to predict the probability of ReNew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ReNew Energy's price. Additionally, you may evaluate how the addition of ReNew Energy to your portfolios can decrease your overall portfolio volatility.