Rock Cash Per Share vs Price To Sales Ratio Analysis
RCK Stock | CAD 1.03 0.17 19.77% |
Rock Tech financial indicator trend analysis is much more than just breaking down Rock Tech Lithium prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rock Tech Lithium is a good investment. Please check the relationship between Rock Tech Cash Per Share and its Price To Sales Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rock Tech Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash Per Share vs Price To Sales Ratio
Cash Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rock Tech Lithium Cash Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong relationship.
The correlation between Rock Tech's Cash Per Share and Price To Sales Ratio is 0.68. Overlapping area represents the amount of variation of Cash Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Rock Tech Lithium, assuming nothing else is changed. The correlation between historical values of Rock Tech's Cash Per Share and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Per Share of Rock Tech Lithium are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Cash Per Share i.e., Rock Tech's Cash Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash Per Share
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Rock Tech Lithium stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Rock Tech sales, a figure that is much harder to manipulate than other Rock Tech Lithium multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Rock Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rock Tech Lithium 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 Rock Tech Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Rock Tech's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 110 M in 2024, despite the fact that Tax Provision is likely to grow to (180.8 K).
Rock Tech fundamental ratios Correlations
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Rock Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rock Tech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.6M | 13.4M | 72.0M | 65.0M | 46.8M | 49.2M | |
Total Current Liabilities | 242.7K | 781.1K | 9.3M | 7.7M | 4.9M | 5.1M | |
Total Stockholder Equity | 5.3M | 12.6M | 62.2M | 56.3M | 41.4M | 43.5M | |
Retained Earnings | (34.5M) | (37.5M) | (59.7M) | (121.3M) | (150.0M) | (142.5M) | |
Net Receivables | 10.5K | 14.0K | 826.4K | 3.2M | 491.1K | 247.5K | |
Common Stock Shares Outstanding | 35.0M | 38.9M | 58.3M | 77.8M | 96.6M | 101.4M | |
Liabilities And Stockholders Equity | 5.6M | 13.4M | 72.0M | 65.0M | 46.8M | 49.2M | |
Other Current Assets | 70.0K | 162.4K | 309.7K | 1.0M | 630.9K | 662.5K | |
Total Liab | 242.7K | 781.1K | 9.8M | 8.7M | 5.4M | 5.7M | |
Total Current Assets | 1.7M | 9.2M | 56.9M | 39.1M | 15.8M | 16.6M | |
Common Stock | 32.0M | 42.0M | 107.6M | 157.6M | 169.0M | 177.4M | |
Other Current Liab | 20.1K | 31K | 207.0K | 4.1M | 4.7M | 4.9M | |
Net Debt | (1.7M) | (9.0M) | (55.5M) | (33.8M) | (14.0M) | (13.3M) | |
Cash | 1.7M | 9.0M | 55.8M | 34.8M | 14.7M | 15.4M | |
Non Current Assets Total | 3.8M | 4.3M | 15.1M | 25.9M | 31.0M | 32.6M | |
Non Currrent Assets Other | 3.0M | 3.5M | 3.8M | 25.9M | 29.8M | 31.3M | |
Cash And Short Term Investments | 1.7M | 9.0M | 55.8M | 34.8M | 14.7M | 15.4M | |
Property Plant And Equipment Net | 3.8M | 4.3M | 15.1M | 25.2M | 4.4M | 5.2M | |
Accounts Payable | 222.6K | 720.1K | 8.9M | 3.4M | 3.9M | 4.0M | |
Other Stockholder Equity | 6.7M | 1.0M | 8.1M | 20.0M | 23.0M | 24.2M | |
Accumulated Other Comprehensive Income | 6.8M | 8.1M | 14.3M | 20.0M | 22.4M | 23.5M | |
Net Tangible Assets | 4.5M | 5.3M | 12.6M | 56.3M | 64.8M | 68.0M | |
Property Plant Equipment | 3.5M | 3.8M | 4.3M | 25.2M | 29.0M | 30.4M | |
Net Invested Capital | 5.3M | 12.7M | 62.2M | 56.3M | 64.8M | 68.0M | |
Net Working Capital | 1.5M | 8.4M | 47.6M | 31.4M | 36.1M | 37.9M | |
Capital Stock | 32.0M | 42.0M | 107.6M | 157.6M | 181.3M | 190.3M |
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Additional Tools for Rock Stock Analysis
When running Rock Tech's price analysis, check to measure Rock Tech'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 Rock Tech is operating at the current time. Most of Rock Tech's value examination focuses on studying past and present price action to predict the probability of Rock Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rock Tech's price. Additionally, you may evaluate how the addition of Rock Tech to your portfolios can decrease your overall portfolio volatility.