Renew Total Current Assets vs Common Stock Shares Outstanding Analysis

RNW Stock  USD 6.92  0.02  0.29%   
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 Current Assets and its Common Stock Shares Outstanding 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 Current Assets vs Common Stock Shares Outstanding

Total Current Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renew Energy Global Total Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Renew Energy's Total Current Assets and Common Stock Shares Outstanding is -0.46. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Shares Outstanding 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 Current Assets and Common Stock Shares Outstanding 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 Current Assets of Renew Energy Global are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Assets i.e., Renew Energy's Total Current Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
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)
EBIT24.2B41.5B51.2B35.5B
Other Operating Expenses26.4B25.0B8.6B17.0B

Renew Energy fundamental ratios Correlations

0.630.370.57-0.590.60.87-0.010.670.610.61-0.580.290.60.510.560.490.570.40.450.570.260.310.52-0.430.42
0.630.860.95-0.950.980.710.330.90.860.89-0.70.80.990.930.980.880.980.870.880.980.740.780.8-0.580.92
0.370.860.83-0.810.880.670.680.910.70.94-0.860.950.850.980.910.760.90.980.90.90.950.890.63-0.430.95
0.570.950.83-0.870.930.670.310.80.690.87-0.620.790.950.90.910.930.90.790.830.90.670.790.63-0.390.9
-0.59-0.95-0.81-0.87-0.91-0.68-0.38-0.84-0.93-0.870.69-0.81-0.95-0.87-0.95-0.9-0.93-0.85-0.91-0.94-0.76-0.83-0.790.77-0.89
0.60.980.880.93-0.910.70.330.920.850.88-0.740.790.980.940.980.840.990.90.820.980.770.730.85-0.580.93
0.870.710.670.67-0.680.70.470.840.640.85-0.860.650.690.750.690.630.680.650.650.680.590.610.54-0.420.68
-0.010.330.680.31-0.380.330.470.490.270.65-0.720.810.340.590.410.430.350.610.580.360.770.740.15-0.20.62
0.670.90.910.8-0.840.920.840.490.840.94-0.910.810.880.950.930.70.930.930.840.930.850.750.78-0.570.88
0.610.860.70.69-0.930.850.640.270.840.76-0.690.660.870.770.890.710.90.80.770.90.710.640.91-0.890.78
0.610.890.940.87-0.870.880.850.650.940.76-0.910.930.880.970.910.850.890.920.910.890.890.910.63-0.510.94
-0.58-0.7-0.86-0.620.69-0.74-0.86-0.72-0.91-0.69-0.91-0.83-0.69-0.86-0.77-0.6-0.75-0.87-0.75-0.75-0.88-0.76-0.60.51-0.81
0.290.80.950.79-0.810.790.650.810.810.660.93-0.830.80.930.850.830.810.910.910.810.940.970.53-0.460.95
0.60.990.850.95-0.950.980.690.340.880.870.88-0.690.80.920.970.910.970.860.850.970.740.770.83-0.620.93
0.510.930.980.9-0.870.940.750.590.950.770.97-0.860.930.920.960.830.940.970.90.950.90.880.71-0.490.97
0.560.980.910.91-0.950.980.690.410.930.890.91-0.770.850.970.960.851.00.940.911.00.840.820.82-0.650.95
0.490.880.760.93-0.90.840.630.430.70.710.85-0.60.830.910.830.850.810.730.840.820.680.860.58-0.540.89
0.570.980.90.9-0.930.990.680.350.930.90.89-0.750.810.970.941.00.810.940.871.00.820.760.86-0.650.93
0.40.870.980.79-0.850.90.650.610.930.80.92-0.870.910.860.970.940.730.940.890.940.960.850.74-0.580.94
0.450.880.90.83-0.910.820.650.580.840.770.91-0.750.910.850.90.910.840.870.890.880.860.950.55-0.550.88
0.570.980.90.9-0.940.980.680.360.930.90.89-0.750.810.970.951.00.821.00.940.880.820.780.84-0.650.93
0.260.740.950.67-0.760.770.590.770.850.710.89-0.880.940.740.90.840.680.820.960.860.820.890.6-0.550.9
0.310.780.890.79-0.830.730.610.740.750.640.91-0.760.970.770.880.820.860.760.850.950.780.890.43-0.480.89
0.520.80.630.63-0.790.850.540.150.780.910.63-0.60.530.830.710.820.580.860.740.550.840.60.43-0.770.73
-0.43-0.58-0.43-0.390.77-0.58-0.42-0.2-0.57-0.89-0.510.51-0.46-0.62-0.49-0.65-0.54-0.65-0.58-0.55-0.65-0.55-0.48-0.77-0.56
0.420.920.950.9-0.890.930.680.620.880.780.94-0.810.950.930.970.950.890.930.940.880.930.90.890.73-0.56
Click cells to compare fundamentals

Renew Energy Account Relationship Matchups

Renew Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab13.6B14.1B24.2B41.0B47.2B33.8B
Total Current Liabilities52.7B60.8B101.3B115.8B142.0B91.8B
Other Liab9.8B26.0B29.6B37.0B42.5B24.4B
Net Tangible Assets35.6B38.6B25.7B78.7B90.5B46.7B
Retained Earnings1.2B(6.5B)(38.4B)(53.6B)(56.4B)(53.6B)
Accounts Payable3.7B3.2B5.6B6.1B9.1B5.3B
Other Assets26.3B12.1B14.0B20.0B23.0B17.9B
Net Receivables29.6B40.0B44.8B22.2B15.6B28.9B
Inventory609M833M815M1.2B1.7B944.7M
Other Current Assets722M9.5B10.5B23.6B36.9B38.7B
Other Stockholder Equity70.6B67.2B153.4B154.1B156.8B106.4B
Total Current Assets84.9B92.3B135.2B111.8B104.4B98.9B
Property Plant Equipment282.5B345.3B346.3B445.1B511.9B366.3B
Total Assets479.6B492.1B641.3B748.1B873.9B666.1B
Total Stockholder Equity74.5B62.1B118.4B106.8B105.2B99.0B
Property Plant And Equipment Net350.8B353.8B445.1B544.5B691.5B489.2B
Net Debt321.0B331.0B363.3B478.2B628.6B387.2B
Cash13.1B20.7B28.4B38.2B27.0B25.2B
Non Current Assets Total394.6B399.7B506.1B636.4B769.5B554.9B
Non Currrent Assets Other5.2B4.9B17.0B43.2B33.5B35.2B
Cash And Short Term Investments44.4B47.2B81.3B80.6B51.9B60.7B
Short Term Investments31.3B26.6B52.9B42.4B55.9B41.2B
Non Current Liabilities Total348.0B366.5B413.7B512.5B610.2B459.2B
Total Liab400.7B427.3B515.0B628.4B752.2B558.3B
Intangible Assets24.6B24.8B28.1B27.0B26.3B28.7B

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