Rama Inventory vs Other Current Liab Analysis

RAMASTEEL   13.52  0.17  1.24%   
Rama Steel financial indicator trend analysis is much more than just breaking down Rama Steel Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rama Steel Tubes is a good investment. Please check the relationship between Rama Steel Inventory and its Other Current Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rama Steel Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Inventory vs Other Current Liab

Inventory vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rama Steel Tubes Inventory account and Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Rama Steel's Inventory and Other Current Liab is -0.43. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Rama Steel Tubes, assuming nothing else is changed. The correlation between historical values of Rama Steel's Inventory and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Rama Steel Tubes are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Inventory i.e., Rama Steel's Inventory and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Inventory

Other Current Liab

Most indicators from Rama Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rama Steel Tubes 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 Rama Steel Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
The current year's Selling General Administrative is expected to grow to about 150.5 M, whereas Tax Provision is forecasted to decline to about 48 M.
 2021 2022 2023 2024 (projected)
Gross Profit679.7M928.1M974.4M1.0B
Total Revenue7.6B13.4B10.5B5.4B

Rama Steel fundamental ratios Correlations

0.83-0.340.990.990.330.990.840.820.970.990.610.860.26-0.420.720.610.990.590.730.830.910.990.590.781.0
0.83-0.440.870.760.360.820.920.990.760.790.690.970.46-0.10.890.690.860.660.90.980.570.880.770.910.81
-0.34-0.44-0.31-0.36-0.69-0.44-0.53-0.44-0.37-0.25-0.31-0.410.22-0.17-0.55-0.31-0.36-0.51-0.58-0.43-0.13-0.33-0.37-0.51-0.32
0.990.87-0.310.960.30.970.840.860.950.990.610.890.36-0.40.730.610.990.580.740.870.871.00.60.810.99
0.990.76-0.360.960.350.990.820.750.990.980.580.810.13-0.460.670.580.970.580.690.760.950.960.550.720.99
0.330.36-0.690.30.350.410.530.360.380.290.270.39-0.340.230.360.270.350.690.410.330.220.310.460.50.32
0.990.82-0.440.970.990.410.870.810.980.970.620.850.16-0.380.740.620.980.640.760.810.910.970.610.770.99
0.840.92-0.530.840.820.530.870.90.820.80.770.960.17-0.10.880.770.850.810.90.910.650.850.820.870.83
0.820.99-0.440.860.750.360.810.90.740.780.60.950.5-0.140.850.610.860.60.850.970.560.870.750.920.8
0.970.76-0.370.950.990.380.980.820.740.960.60.80.09-0.360.690.60.960.630.70.740.940.950.590.740.98
0.990.79-0.250.990.980.290.970.80.780.960.580.840.3-0.480.660.580.990.550.670.810.920.980.550.750.99
0.610.69-0.310.610.580.270.620.770.60.60.580.710.050.180.861.00.570.820.860.690.460.630.650.520.6
0.860.97-0.410.890.810.390.850.960.950.80.840.710.43-0.180.850.720.880.70.860.980.630.890.780.910.84
0.260.460.220.360.13-0.340.160.170.50.090.30.050.43-0.280.210.050.32-0.170.180.520.010.350.060.40.24
-0.42-0.1-0.17-0.4-0.460.23-0.38-0.1-0.14-0.36-0.480.18-0.18-0.280.130.18-0.420.260.13-0.18-0.56-0.380.27-0.08-0.44
0.720.89-0.550.730.670.360.740.880.850.690.660.860.850.210.130.860.720.791.00.850.470.760.790.720.7
0.610.69-0.310.610.580.270.620.770.610.60.581.00.720.050.180.860.570.820.860.690.460.630.660.520.6
0.990.86-0.360.990.970.350.980.850.860.960.990.570.880.32-0.420.720.570.570.730.860.880.990.60.820.99
0.590.66-0.510.580.580.690.640.810.60.630.550.820.7-0.170.260.790.820.570.820.620.450.60.790.610.58
0.730.9-0.580.740.690.410.760.90.850.70.670.860.860.180.131.00.860.730.820.850.490.760.80.730.71
0.830.98-0.430.870.760.330.810.910.970.740.810.690.980.52-0.180.850.690.860.620.850.560.880.70.910.81
0.910.57-0.130.870.950.220.910.650.560.940.920.460.630.01-0.560.470.460.880.450.490.560.860.40.520.93
0.990.88-0.331.00.960.310.970.850.870.950.980.630.890.35-0.380.760.630.990.60.760.880.860.610.810.99
0.590.77-0.370.60.550.460.610.820.750.590.550.650.780.060.270.790.660.60.790.80.70.40.610.710.57
0.780.91-0.510.810.720.50.770.870.920.740.750.520.910.4-0.080.720.520.820.610.730.910.520.810.710.76
1.00.81-0.320.990.990.320.990.830.80.980.990.60.840.24-0.440.70.60.990.580.710.810.930.990.570.76
Click cells to compare fundamentals

Rama Steel Account Relationship Matchups

Rama Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4B2.5B3.6B6.9B7.3B7.7B
Short Long Term Debt Total831.7M854.4M1.4B1.9B1.5B967.1M
Other Current Liab48.3M22.6M29.9M32.7M64.1M41.3M
Total Current Liabilities1.3B1.2B2.0B4.0B3.6B3.8B
Total Stockholder Equity885.6M999.4M1.3B2.5B3.4B3.5B
Other Liab23.5M11.9M15.3M11.7M13.5M12.5M
Net Tangible Assets878.2M999.1M1.3B2.2B2.6B2.7B
Property Plant And Equipment Net439.2M517.6M584.6M756.5M859.1M445.5M
Net Debt759.1M654.8M1.2B1.8B1.3B870.6M
Retained Earnings428.2M545.2M809.8M1.1B1.6B1.6B
Accounts Payable592.6M503.0M693.2M2.2B2.3B2.4B
Cash72.6M199.6M176.5M126.1M174.1M96.5M
Non Current Assets Total645.0M764.3M855.7M1.6B1.3B702.0M
Non Currrent Assets Other9.7M4.2M53.4M378.8M29.3M27.9M
Other Assets129.8M163.8M194.7M31.0M1K950.0
Long Term Debt181.5M299.8M317.8M319.8M273.2M222.5M
Cash And Short Term Investments72.6M199.6M176.5M126.8M174.1M96.6M
Net Receivables721.5M586.0M1.1B2.3B2.2B2.3B
Common Stock Shares Outstanding417.7M419.9M1.3B729.9M1.3B711.6M
Liabilities And Stockholders Equity2.4B2.5B3.6B6.9B7.3B7.7B
Non Current Liabilities Total205.0M311.7M333.1M331.6M293.7M236.2M
Inventory539.4M728.6M1.0B2.0B1.3B722.5M
Other Current Assets345.6M175.9M473.1M952.7M2.4B2.5B
Total Liab1.5B1.5B2.3B4.3B3.9B4.1B
Short Long Term Debt650.1M518.7M1.1B1.6B1.2B682.0M
Total Current Assets1.7B1.7B2.7B5.4B6.0B6.3B
Short Term Debt650.1M470.5M863.8M1.4B1.2B693.7M
Property Plant Equipment439.2M517.6M584.6M756.5M870.0M913.5M
Current Deferred Revenue46.8M103.5M128.1M102.6M50.6M63.3M
Short Term Investments(101.3M)2.2M734K737K591K620.6K
Other Stockholder Equity217.6M346.9M217.6M542.9M246.2M264.4M
Accumulated Other Comprehensive Income155.9M152.6M155.2M414.9M8.0M7.6M
Long Term Debt Total181.5M299.8M317.8M319.8M367.8M247.2M
Intangible Assets68K313K307K241K189K281.0K
Cash And Equivalents58.6M21.1M10.6M34.2M30.8M41.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Rama Stock

Balance Sheet is a snapshot of the financial position of Rama Steel Tubes at a specified time, usually calculated after every quarter, six months, or one year. Rama Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rama Steel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Rama currently owns. An asset can also be divided into two categories, current and non-current.