Reliance Average Payables from 2010 to 2024

RELIW Stock  USD 0.05  0.01  30.20%   
Reliance Global Average Payables yearly trend continues to be fairly stable with very little volatility. Average Payables is likely to outpace its year average in 2024. Average Payables is the average amount owed to suppliers and creditors over a specific period, reflecting Reliance Global's payment cycle and credit terms with suppliers. View All Fundamentals
 
Average Payables  
First Reported
2010-12-31
Previous Quarter
487.4 K
Current Value
511.7 K
Quarterly Volatility
271.9 K
 
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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Latest Reliance Global's Average Payables Growth Pattern

Below is the plot of the Average Payables of Reliance Global Group over the last few years. It is the average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers. Reliance Global's Average Payables 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.
Average Payables10 Years Trend
Slightly volatile
   Average Payables   
       Timeline  

Reliance Average Payables Regression Statistics

Arithmetic Mean285,708
Geometric Mean61,535
Coefficient Of Variation95.15
Mean Deviation261,682
Median487,375
Standard Deviation271,858
Sample Variance73.9B
Range537.5K
R-Value0.85
Mean Square Error22B
R-Squared0.72
Significance0.000058
Slope51,711
Total Sum of Squares1T

Reliance Average Payables History

2024511.7 K
2023487.4 K
2017541.5 K
2016 6905.5
2014 3987.5

About Reliance Global Financial Statements

Reliance Global investors use historical fundamental indicators, such as Reliance Global's Average Payables, 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
Average Payables487.4 K511.7 K

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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.