| RIIL Stock | | | 787.80 34.80 4.23% |
Reliance Industrial financial indicator trend analysis is much more than just breaking down Reliance Industrial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Industrial is a good investment. Please check the relationship between Reliance Industrial Accounts Payable and its Total Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Industrial Infrastructure. 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.
Accounts Payable vs Total Current Assets
Accounts Payable vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reliance Industrial Accounts Payable account and
Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Reliance Industrial's Accounts Payable and Total Current Assets is 0.6. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Reliance Industrial Infrastructure, assuming nothing else is changed. The correlation between historical values of Reliance Industrial's Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Reliance Industrial Infrastructure are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Reliance Industrial's Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Reliance Industrial obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Reliance Industrial are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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.
Most indicators from Reliance Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Industrial 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 Industrial Infrastructure. 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 96.6
M in 2025.
Tax Provision is likely to drop to about 27.2
M in 2025
Reliance Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Reliance Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Industrial fundamental ratios Accounts
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Additional Tools for Reliance Stock Analysis
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measure Reliance Industrial'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 Industrial is operating at the current time. Most of Reliance Industrial's value examination focuses on studying past and present price action to
predict the probability of Reliance Industrial'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 Industrial's price. Additionally, you may evaluate how the addition of Reliance Industrial to your portfolios can decrease your overall portfolio volatility.