Remitly Total Revenue vs Other Operating Expenses Analysis
| RELY Stock | USD 20.56 0.27 1.30% |
Remitly Global financial indicator trend analysis is much more than just breaking down Remitly Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Remitly Global is a good investment. Please check the relationship between Remitly Global Total Revenue and its Other Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Remitly 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 bureau of economic analysis. For more information on how to buy Remitly Stock please use our How to Invest in Remitly Global guide.
Total Revenue vs Other Operating Expenses
Total Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Remitly Global Total Revenue account and Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Remitly Global's Total Revenue and Other Operating Expenses is 0.96. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Remitly Global, assuming nothing else is changed. The correlation between historical values of Remitly Global's Total Revenue and Other Operating Expenses 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 Revenue of Remitly Global are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Revenue i.e., Remitly Global's Total Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Remitly Global generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Remitly Global. It is also known as Remitly Global overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Remitly Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Remitly 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 Remitly 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 bureau of economic analysis. For more information on how to buy Remitly Stock please use our How to Invest in Remitly Global guide.At this time, Remitly Global's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 6.2 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (33.27).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 458.6M | 653.6M | 944.3M | 558.5M | Interest Expense | 1.3M | 1.3M | 2.4M | 2.2M |
Remitly Global fundamental ratios Correlations
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Remitly Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Remitly Global's price analysis, check to measure Remitly 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 Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly 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 Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.