Rama Long Term Investments vs Total Assets 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 Long Term Investments and its Total Assets 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.

Long Term Investments vs Total Assets

Long Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rama Steel Tubes Long Term Investments account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Rama Steel's Long Term Investments and Total Assets is 0.59. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Assets 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 Long Term Investments and Total 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 Long Term Investments of Rama Steel Tubes are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Investments i.e., Rama Steel's Long Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Investments

Long Term Investments is an item on the asset side of Rama Steel balance sheet that represents investments Rama Steel Tubes intends to hold for over a year. Rama Steel Tubes long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Assets

Total assets refers to the total amount of Rama Steel 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 Rama Steel Tubes 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.
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
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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

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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.