Reliance Net Receivables vs Selling General Administrative Analysis

RWC Stock

5.46 0.02 0.36%

Reliance Worldwide financial indicator trend analysis is much more than just breaking down Reliance Worldwide prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Worldwide is a good investment. Please check the relationship between Reliance Worldwide Net Receivables and its Selling General Administrative accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Worldwide. 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.

Net Receivables vs Selling General Administrative

Net Receivables vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Worldwide Net Receivables account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.

The correlation between Reliance Worldwide's Net Receivables and Selling General Administrative is 0.73. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Reliance Worldwide, assuming nothing else is changed. The correlation between historical values of Reliance Worldwide's Net Receivables and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Reliance Worldwide are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Receivables i.e., Reliance Worldwide's Net Receivables and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Selling General Administrative

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

Selling General Administrative is likely to drop to about 91.4 M in 2024. Tax Provision is likely to drop to about 46.1 M in 2024

	2021	2022	2023	2024 (projected)
Operating Income	208.4M	221.3M	281.1M	295.1M
Total Revenue	1.2B	1.2B	1.9B	2.0B

Operating Income Total Revenue

Reliance Worldwide fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Short Long Term Debt	Total Current Assets	Short Term Debt	Retained Earnings	Cash And Short Term Investments	Long Term Debt Total	Short Long Term Debt Total
Total Assets		0.77	0.86	0.86	0.83	0.81	0.24	-0.36	0.85	0.79	0.99	0.89	0.49	0.81	0.99	0.91	0.97	0.0	-0.39	-0.68	0.92	-0.05	-0.28	0.2	0.9	0.87
Other Current Liab	0.77		0.82	0.97	0.88	0.67	0.21	-0.8	0.58	0.94	0.76	0.67	0.87	0.93	0.76	0.74	0.75	0.15	-0.09	-0.51	0.83	0.09	-0.71	0.18	0.67	0.68
Total Current Liabilities	0.86	0.82		0.84	0.86	0.88	-0.01	-0.58	0.55	0.84	0.83	0.85	0.65	0.8	0.84	0.82	0.85	0.14	-0.26	-0.53	0.93	0.23	-0.46	-0.06	0.66	0.61
Total Stockholder Equity	0.86	0.97	0.84		0.93	0.75	0.14	-0.73	0.68	0.97	0.85	0.77	0.82	0.95	0.85	0.83	0.84	0.12	-0.17	-0.61	0.87	0.01	-0.65	0.11	0.76	0.75
Other Liab	0.83	0.88	0.86	0.93		0.84	-0.1	-0.65	0.58	0.94	0.8	0.83	0.76	0.91	0.81	0.8	0.83	0.08	-0.24	-0.63	0.82	0.08	-0.55	-0.14	0.68	0.64
Accounts Payable	0.81	0.67	0.88	0.75	0.84		-0.15	-0.43	0.52	0.78	0.76	0.88	0.53	0.74	0.76	0.8	0.79	0.13	-0.43	-0.67	0.82	0.1	-0.34	-0.19	0.61	0.54
Cash	0.24	0.21	-0.01	0.14	-0.1	-0.15		0.08	0.54	-0.01	0.3	-0.09	-0.06	0.12	0.21	0.25	0.21	-0.11	0.08	-0.23	0.18	-0.41	-0.07	1.0	0.44	0.47
Other Assets	-0.36	-0.8	-0.58	-0.73	-0.65	-0.43	0.08		-0.21	-0.8	-0.32	-0.42	-0.98	-0.78	-0.35	-0.45	-0.32	0.0	-0.1	0.25	-0.59	-0.12	0.94	0.11	-0.35	-0.34
Long Term Debt	0.85	0.58	0.55	0.68	0.58	0.52	0.54	-0.21		0.58	0.86	0.69	0.34	0.71	0.83	0.85	0.8	-0.33	-0.4	-0.69	0.74	-0.41	-0.27	0.51	0.98	0.95
Net Receivables	0.79	0.94	0.84	0.97	0.94	0.78	-0.01	-0.8	0.58		0.75	0.8	0.89	0.97	0.76	0.76	0.74	0.04	-0.24	-0.6	0.86	0.02	-0.7	-0.05	0.69	0.69
Good Will	0.99	0.76	0.83	0.85	0.8	0.76	0.3	-0.32	0.86	0.75		0.83	0.45	0.78	0.99	0.91	0.98	0.06	-0.33	-0.66	0.88	-0.06	-0.26	0.26	0.89	0.86
Inventory	0.89	0.67	0.85	0.77	0.83	0.88	-0.09	-0.42	0.69	0.8	0.83		0.57	0.82	0.87	0.79	0.79	-0.21	-0.57	-0.59	0.91	0.06	-0.28	-0.13	0.79	0.77
Other Current Assets	0.49	0.87	0.65	0.82	0.76	0.53	-0.06	-0.98	0.34	0.89	0.45	0.57		0.88	0.48	0.54	0.43	-0.08	-0.03	-0.34	0.69	0.1	-0.9	-0.1	0.48	0.48
Total Liab	0.81	0.93	0.8	0.95	0.91	0.74	0.12	-0.78	0.71	0.97	0.78	0.82	0.88		0.79	0.81	0.75	-0.16	-0.3	-0.61	0.88	-0.06	-0.71	0.08	0.8	0.8
Intangible Assets	0.99	0.76	0.84	0.85	0.81	0.76	0.21	-0.35	0.83	0.76	0.99	0.87	0.48	0.79		0.87	0.95	-0.02	-0.4	-0.57	0.9	0.04	-0.25	0.17	0.88	0.87
Common Stock	0.91	0.74	0.82	0.83	0.8	0.8	0.25	-0.45	0.85	0.76	0.91	0.79	0.54	0.81	0.87		0.92	-0.06	-0.22	-0.78	0.87	-0.22	-0.49	0.2	0.89	0.79
Property Plant Equipment	0.97	0.75	0.85	0.84	0.83	0.79	0.21	-0.32	0.8	0.74	0.98	0.79	0.43	0.75	0.95	0.92		0.15	-0.29	-0.7	0.84	-0.07	-0.28	0.17	0.83	0.77
Net Tangible Assets	0.0	0.15	0.14	0.12	0.08	0.13	-0.11	0.0	-0.33	0.04	0.06	-0.21	-0.08	-0.16	-0.02	-0.06	0.15		0.44	-0.03	-0.11	0.26	0.07	-0.1	-0.36	-0.37
Other Stockholder Equity	-0.39	-0.09	-0.26	-0.17	-0.24	-0.43	0.08	-0.1	-0.4	-0.24	-0.33	-0.57	-0.03	-0.3	-0.4	-0.22	-0.29	0.44		0.17	-0.37	-0.07	-0.21	0.09	-0.43	-0.49
Short Long Term Debt	-0.68	-0.51	-0.53	-0.61	-0.63	-0.67	-0.23	0.25	-0.69	-0.6	-0.66	-0.59	-0.34	-0.61	-0.57	-0.78	-0.7	-0.03	0.17		-0.59	0.65	0.35	-0.19	-0.68	-0.59
Total Current Assets	0.92	0.83	0.93	0.87	0.82	0.82	0.18	-0.59	0.74	0.86	0.88	0.91	0.69	0.88	0.9	0.87	0.84	-0.11	-0.37	-0.59		0.03	-0.49	0.12	0.85	0.83
Short Term Debt	-0.05	0.09	0.23	0.01	0.08	0.1	-0.41	-0.12	-0.41	0.02	-0.06	0.06	0.1	-0.06	0.04	-0.22	-0.07	0.26	-0.07	0.65	0.03		0.11	-0.41	-0.32	-0.26
Retained Earnings	-0.28	-0.71	-0.46	-0.65	-0.55	-0.34	-0.07	0.94	-0.27	-0.7	-0.26	-0.28	-0.9	-0.71	-0.25	-0.49	-0.28	0.07	-0.21	0.35	-0.49	0.11		-0.03	-0.37	-0.31
Cash And Short Term Investments	0.2	0.18	-0.06	0.11	-0.14	-0.19	1.0	0.11	0.51	-0.05	0.26	-0.13	-0.1	0.08	0.17	0.2	0.17	-0.1	0.09	-0.19	0.12	-0.41	-0.03		0.4	0.44
Long Term Debt Total	0.9	0.67	0.66	0.76	0.68	0.61	0.44	-0.35	0.98	0.69	0.89	0.79	0.48	0.8	0.88	0.89	0.83	-0.36	-0.43	-0.68	0.85	-0.32	-0.37	0.4		0.98
Short Long Term Debt Total	0.87	0.68	0.61	0.75	0.64	0.54	0.47	-0.34	0.95	0.69	0.86	0.77	0.48	0.8	0.87	0.79	0.77	-0.37	-0.49	-0.59	0.83	-0.26	-0.31	0.44	0.98

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Reliance Worldwide Account Relationship Matchups

Reliance Worldwide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.7B	2.1B	2.1B	2.1B	1.3B
Other Current Liab	103.2M	113.7M	95.8M	103.2M	204.6M	214.8M
Total Current Liabilities	165.8M	224.5M	200.8M	194.4M	314.1M	161.9M
Total Stockholder Equity	975.4M	1.2B	1.1B	1.2B	1.9B	2.0B
Other Liab	74.9M	73.3M	75.3M	91.2M	104.9M	110.2M
Accounts Payable	52.0M	84.6M	81.5M	69.6M	84.0M	61.7M
Cash	56.5M	21.4M	27.7M	16.6M	29.8M	35.1M
Long Term Debt	384.4M	202.3M	578.7M	450.2M	438.3M	333.9M
Net Receivables	180.9M	220.3M	266.2M	246.0M	388.0M	407.4M
Good Will	616.6M	687.4M	758.6M	780.7M	818.8M	476.8M
Inventory	148.0M	195.6M	315.5M	289.4M	292.8M	195.7M
Other Current Assets	11.0M	11.9M	36.0M	37.1M	160.7M	168.7M
Total Liab	545.6M	483.0M	955.4M	827.2M	1.3B	1.4B
Intangible Assets	223.8M	240.8M	322.4M	327.0M	331.9M	186.2M
Common Stock	1.6B	1.8B	1.7B	1.7B	2.6B	1.4B
Property Plant Equipment	364.9M	358.0M	333.8M	326.7M	375.7M	240.4M
Net Tangible Assets	196.5M	355.9M	49.6M	123.7M	142.2M	174.7M
Total Current Assets	403.0M	455.6M	645.4M	589.1M	871.3M	486.6M
Short Term Debt	10.5M	26.2M	16.1M	15.5M	20.8M	12.4M
Retained Earnings	119.0M	221.8M	294.0M	357.9M	(643.0M)	(610.8M)
Cash And Short Term Investments	56.5M	21.4M	27.7M	16.6M	19.9M	37.5M
Long Term Debt Total	384.4M	202.3M	679.4M	541.6M	622.8M	414.4M
Short Long Term Debt Total	394.9M	228.5M	695.5M	557.0M	560.8M	492.2M
Property Plant And Equipment Net	250.8M	269.0M	333.8M	326.7M	524.1M	279.1M
Net Debt	282.5M	156.8M	667.8M	540.4M	540.9M	378.3M
Non Current Assets Total	1.1B	1.2B	1.4B	1.5B	2.3B	1.2B
Liabilities And Stockholders Equity	1.5B	1.7B	2.1B	2.1B	3.2B	1.8B
Non Current Liabilities Total	379.8M	258.5M	754.6M	632.8M	1.0B	524.3M
Property Plant And Equipment Gross	364.9M	431.9M	373.6M	615.6M	653.0M	390.7M
Accumulated Other Comprehensive Income	(745.0M)	(777.1M)	(902.3M)	(868.7M)	(65.1M)	(68.4M)
Non Currrent Assets Other	0.0	1.4M	(750.0)	3.4M	601.0M	631.1M
Net Invested Capital	1.8B	1.8B	1.7B	1.7B	1.7B	1.8B
Cash And Equivalents	56.9M	21.3M	27.7M	16.6M	15.0M	14.2M
Net Working Capital	345.3M	307.6M	444.7M	394.7M	372.1M	410.0M

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