Renew Total Assets vs Current Deferred Revenue Analysis

RNW Stock

USD 6.05 0.04 0.66%

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 Current Deferred Revenue 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 Assets vs Current Deferred Revenue

Total Assets vs Current Deferred Revenue 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 Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Renew Energy's Total Assets and Current Deferred Revenue is -0.56. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Current Deferred Revenue 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 Current Deferred Revenue 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 Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Assets i.e., Renew Energy's Total Assets and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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	-0.01	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	0.33	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	0.68	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	0.31	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	-0.38	-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	0.33	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		0.47	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	-0.01	0.33	0.68	0.31	-0.38	0.33	0.47		0.49	0.27	0.65	-0.72	0.81	0.34	0.59	0.41	0.43	0.35	0.61	0.58	0.36	0.77	0.74	0.15	-0.2	0.62
Inventory	0.67	0.9	0.91	0.8	-0.84	0.92	0.84	0.49		0.84	0.94	-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	0.27	0.84		0.76	-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	0.65	0.94	0.76		-0.91	0.93	0.88	0.97	0.91	0.85	0.89	0.92	0.91	0.89	0.89	0.91	0.63	-0.51	0.94
Deferred Long Term Liab	-0.58	-0.7	-0.86	-0.62	0.69	-0.74	-0.86	-0.72	-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	0.81	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	0.34	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	0.59	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	0.41	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	0.43	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	0.35	0.93	0.9	0.89	-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	0.61	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	0.58	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	0.36	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	0.77	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	0.74	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	0.15	0.78	0.91	0.63	-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	-0.2	-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	0.62	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	15.6B	28.9B
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	156.8B	106.4B
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 Assets vs Current Deferred Revenue Analysis

Total Assets vs Current Deferred Revenue

Total Assets vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Total Assets

Current Deferred Revenue

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

MAIN CATEGORIES

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