Reliance Return On Tangible Assets from 2010 to 2024

RELIW Stock  USD 0.04  0.00  0.00%   
Reliance Global Return On Tangible Assets yearly trend continues to be fairly stable with very little volatility. Return On Tangible Assets are likely to outpace its year average in 2024. Return On Tangible Assets is a profitability metric that measures a company's ability to generate earnings from its tangible assets. View All Fundamentals
 
Return On Tangible Assets  
First Reported
2010-12-31
Previous Quarter
(2.27)
Current Value
(2.16)
Quarterly Volatility
3.60648358
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Reliance Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reliance Global's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.5 M, Interest Expense of 1.6 M or Selling General Administrative of 2.7 M, as well as many indicators such as Price To Sales Ratio of 1.78, Dividend Yield of 0.22 or PTB Ratio of 3.42. Reliance financial statements analysis is a perfect complement when working with Reliance Global Valuation or Volatility modules.
  
Check out the analysis of Reliance Global Correlation against competitors.

Latest Reliance Global's Return On Tangible Assets Growth Pattern

Below is the plot of the Return On Tangible Assets of Reliance Global Group over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Reliance Global's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Reliance Global's overall financial position and show how it may be relating to other accounts over time.
Return On Tangible Assets10 Years Trend
Very volatile
   Return On Tangible Assets   
       Timeline  

Reliance Return On Tangible Assets Regression Statistics

Arithmetic Mean(0.85)
Geometric Mean1.09
Coefficient Of Variation(422.32)
Mean Deviation2.22
Median(0.46)
Standard Deviation3.61
Sample Variance13.01
Range16.9045
R-Value0.0009
Mean Square Error14.01
R-Squared0.00000089
Significance1.00
Slope0.0008
Total Sum of Squares182.09

Reliance Return On Tangible Assets History

2024 -2.16
2023 -2.27
2022 6.23
2021 -3.67
2020 -1.07
2019 -1.93

About Reliance Global Financial Statements

Reliance Global investors use historical fundamental indicators, such as Reliance Global's Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Reliance Global. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Tangible Assets(2.27)(2.16)

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Additional Tools for Reliance Stock Analysis

When running Reliance Global's price analysis, check to measure Reliance Global'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 Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.