Risuntek Operating Income vs Research Development Analysis

002981 Stock

26.28 0.19 0.72%

Risuntek financial indicator trend analysis is much more than just breaking down Risuntek prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Risuntek is a good investment. Please check the relationship between Risuntek Operating Income and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Risuntek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Operating Income vs Research Development

Operating Income vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Risuntek Operating Income account and Research Development. At this time, the significance of the direction appears to have weak relationship.

The correlation between Risuntek's Operating Income and Research Development is 0.33. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Risuntek, assuming nothing else is changed. The correlation between historical values of Risuntek's Operating Income and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Risuntek are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Operating Income i.e., Risuntek's Operating Income and Research Development go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Risuntek operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Risuntek is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Research Development

Most indicators from Risuntek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Risuntek 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Risuntek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Tax Provision is expected to grow to about 13.2 M, whereas Selling General Administrative is forecasted to decline to about 36.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	106.3M	244.4M	342.6M	197.7M
Total Revenue	1.3B	1.4B	1.4B	1.0B

Gross Profit Total Revenue

Risuntek fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.39	0.98	0.98	0.95	0.9	0.94	0.93	0.97	0.89	0.9	0.98	0.78	-0.96	0.97	-0.72	0.89	0.96	0.99	0.95	0.91	0.65	0.86	0.99	0.35	0.94
Other Current Liab	0.39		0.43	0.25	0.17	0.17	0.28	0.46	0.4	0.24	0.26	0.47	0.03	-0.29	0.53	-0.06	0.48	0.35	0.4	0.2	0.22	-0.04	0.06	0.31	0.06	0.17
Total Current Liabilities	0.98	0.43		0.93	0.9	0.83	0.98	0.88	0.95	0.89	0.89	0.97	0.83	-0.93	0.99	-0.68	0.89	0.94	0.96	0.88	0.89	0.74	0.77	0.94	0.24	0.88
Total Stockholder Equity	0.98	0.25	0.93		0.99	0.94	0.91	0.94	0.93	0.86	0.89	0.95	0.8	-0.97	0.91	-0.71	0.87	0.97	0.97	0.96	0.89	0.66	0.88	0.99	0.46	0.95
Net Tangible Assets	0.95	0.17	0.9	0.99		0.92	0.91	0.92	0.87	0.8	0.88	0.93	0.84	-0.95	0.86	-0.67	0.87	0.97	0.92	0.92	0.84	0.73	0.83	0.96	0.52	0.92
Retained Earnings	0.9	0.17	0.83	0.94	0.92		0.84	0.84	0.83	0.78	0.94	0.89	0.72	-0.84	0.82	-0.84	0.7	0.92	0.91	0.85	0.8	0.53	0.82	0.89	0.46	0.85
Accounts Payable	0.94	0.28	0.98	0.91	0.91	0.84		0.81	0.89	0.85	0.91	0.94	0.92	-0.9	0.94	-0.71	0.83	0.92	0.92	0.84	0.86	0.84	0.73	0.9	0.22	0.84
Cash	0.93	0.46	0.88	0.94	0.92	0.84	0.81		0.86	0.76	0.79	0.94	0.66	-0.95	0.88	-0.56	0.95	0.95	0.91	0.88	0.81	0.54	0.76	0.95	0.58	0.88
Non Current Assets Total	0.97	0.4	0.95	0.93	0.87	0.83	0.89	0.86		0.92	0.81	0.91	0.72	-0.91	0.96	-0.69	0.81	0.87	0.95	0.95	0.93	0.59	0.9	0.95	0.16	0.94
Other Assets	0.89	0.24	0.89	0.86	0.8	0.78	0.85	0.76	0.92		0.77	0.84	0.73	-0.89	0.89	-0.82	0.74	0.8	0.87	0.87	0.99	0.62	0.87	0.89	0.01	0.92
Net Receivables	0.9	0.26	0.89	0.89	0.88	0.94	0.91	0.79	0.81	0.77		0.92	0.76	-0.81	0.86	-0.81	0.72	0.93	0.92	0.77	0.79	0.62	0.7	0.86	0.38	0.78
Inventory	0.98	0.47	0.97	0.95	0.93	0.89	0.94	0.94	0.91	0.84	0.92		0.79	-0.94	0.96	-0.72	0.91	0.98	0.96	0.86	0.86	0.66	0.74	0.95	0.4	0.86
Other Current Assets	0.78	0.03	0.83	0.8	0.84	0.72	0.92	0.66	0.72	0.73	0.76	0.79		-0.8	0.75	-0.63	0.7	0.79	0.72	0.71	0.74	0.96	0.6	0.75	0.15	0.71
Other Stockholder Equity	-0.96	-0.29	-0.93	-0.97	-0.95	-0.84	-0.9	-0.95	-0.91	-0.89	-0.81	-0.94	-0.8		-0.92	0.64	-0.94	-0.95	-0.93	-0.94	-0.93	-0.71	-0.85	-0.98	-0.4	-0.95
Total Liab	0.97	0.53	0.99	0.91	0.86	0.82	0.94	0.88	0.96	0.89	0.86	0.96	0.75	-0.92		-0.68	0.88	0.92	0.97	0.88	0.89	0.64	0.78	0.94	0.21	0.87
Deferred Long Term Liab	-0.72	-0.06	-0.68	-0.71	-0.67	-0.84	-0.71	-0.56	-0.69	-0.82	-0.81	-0.72	-0.63	0.64	-0.68		-0.42	-0.69	-0.72	-0.62	-0.8	-0.43	-0.69	-0.68	-0.03	-0.69
Short Long Term Debt	0.89	0.48	0.89	0.87	0.87	0.7	0.83	0.95	0.81	0.74	0.72	0.91	0.7	-0.94	0.88	-0.42		0.91	0.86	0.83	0.79	0.67	0.66	0.91	0.5	0.83
Total Current Assets	0.96	0.35	0.94	0.97	0.97	0.92	0.92	0.95	0.87	0.8	0.93	0.98	0.79	-0.95	0.92	-0.69	0.91		0.96	0.87	0.84	0.68	0.76	0.96	0.53	0.87
Intangible Assets	0.99	0.4	0.96	0.97	0.92	0.91	0.92	0.91	0.95	0.87	0.92	0.96	0.72	-0.93	0.97	-0.72	0.86	0.96		0.93	0.89	0.59	0.86	0.97	0.37	0.92
Common Stock	0.95	0.2	0.88	0.96	0.92	0.85	0.84	0.88	0.95	0.87	0.77	0.86	0.71	-0.94	0.88	-0.62	0.83	0.87	0.93		0.9	0.6	0.96	0.97	0.35	0.99
Property Plant Equipment	0.91	0.22	0.89	0.89	0.84	0.8	0.86	0.81	0.93	0.99	0.79	0.86	0.74	-0.93	0.89	-0.8	0.79	0.84	0.89	0.9		0.63	0.89	0.92	0.11	0.95
Non Currrent Assets Other	0.65	-0.04	0.74	0.66	0.73	0.53	0.84	0.54	0.59	0.62	0.62	0.66	0.96	-0.71	0.64	-0.43	0.67	0.68	0.59	0.6	0.63		0.46	0.63	0.1	0.6
Common Stock Shares Outstanding	0.86	0.06	0.77	0.88	0.83	0.82	0.73	0.76	0.9	0.87	0.7	0.74	0.6	-0.85	0.78	-0.69	0.66	0.76	0.86	0.96	0.89	0.46		0.9	0.23	0.97
Net Invested Capital	0.99	0.31	0.94	0.99	0.96	0.89	0.9	0.95	0.95	0.89	0.86	0.95	0.75	-0.98	0.94	-0.68	0.91	0.96	0.97	0.97	0.92	0.63	0.9		0.42	0.97
Net Working Capital	0.35	0.06	0.24	0.46	0.52	0.46	0.22	0.58	0.16	0.01	0.38	0.4	0.15	-0.4	0.21	-0.03	0.5	0.53	0.37	0.35	0.11	0.1	0.23	0.42		0.32
Capital Stock	0.94	0.17	0.88	0.95	0.92	0.85	0.84	0.88	0.94	0.92	0.78	0.86	0.71	-0.95	0.87	-0.69	0.83	0.87	0.92	0.99	0.95	0.6	0.97	0.97	0.32

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Risuntek Account Relationship Matchups

Risuntek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	755.0M	1.2B	1.4B	1.6B	1.5B	1.1B
Other Current Liab	10.7M	8.3M	7.0M	82.6M	1.4M	1.3M
Total Current Liabilities	310.9M	398.1M	591.2M	609.6M	477.2M	388.0M
Total Stockholder Equity	443.7M	835.7M	789.2M	796.6M	900.5M	645.6M
Net Tangible Assets	395.1M	766.8M	720.9M	605.4M	696.2M	530.5M
Retained Earnings	251.7M	287.6M	241.2M	271.1M	362.4M	243.1M
Accounts Payable	267.4M	286.4M	489.7M	372.1M	330.4M	283.7M
Cash	66.2M	250.5M	167.7M	263.2M	187.4M	158.3M
Non Current Assets Total	193.8M	371.6M	612.5M	748.2M	795.3M	420.2M
Other Assets	4.3M	12.0M	23.0M	73.0M	83.9M	88.1M
Net Receivables	333.2M	293.8M	304.3M	313.9M	306.8M	281.6M
Non Current Liabilities Total	400K	2.7M	4.5M	151.6M	75.6M	79.4M
Inventory	152.7M	206.2M	219.8M	264.6M	194.2M	184.3M
Other Current Assets	9.2M	12.6M	29.4M	10.8M	12.4M	12.3M
Other Stockholder Equity	(624.5K)	(450.9K)	(5.7M)	(5.8M)	(5.2M)	(4.9M)
Total Liab	311.3M	400.8M	595.7M	761.1M	552.8M	420.3M
Deferred Long Term Liab	1.4M	1.3M	1.5M	1.4M	1.2M	1.2M
Total Current Assets	561.2M	864.9M	772.4M	860.2M	708.8M	659.7M
Intangible Assets	48.6M	68.9M	68.3M	92.2M	88.4M	56.2M
Property Plant Equipment	133.2M	279.8M	471.1M	473.1M	544.0M	571.2M
Non Currrent Assets Other	7.7M	18.3M	51.5M	8.9M	8.7M	15.3M
Net Invested Capital	462.9M	925.7M	866.3M	979.1M	1.0B	779.4M
Net Working Capital	250.3M	466.9M	181.2M	250.6M	231.6M	211.1M

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Other Information on Investing in Risuntek Stock

Balance Sheet is a snapshot of the financial position of Risuntek at a specified time, usually calculated after every quarter, six months, or one year. Risuntek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Risuntek 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 Risuntek currently owns. An asset can also be divided into two categories, current and non-current.

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Risuntek Operating Income vs Research Development Analysis

Operating Income vs Research Development

Operating Income vs Research Development Correlation Analysis

Correlation Coefficient

Operating Income

Research Development

Risuntek fundamental ratios Correlations

Risuntek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Risuntek fundamental ratios Accounts

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Other Information on Investing in Risuntek Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Intangible Assets	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.99	Other Assets

Net Invested Capital	- 0.98	Other Stockholder Equity
Other Stockholder Equity	- 0.97	Total Stockholder Equity
Other Stockholder Equity	- 0.96	Total Assets
Capital Stock	- 0.95	Other Stockholder Equity
Total Current Assets	- 0.95	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Cash