Rock Short Long Term Debt Total vs Inventory Analysis
RCK Stock | CAD 1.03 0.07 7.29% |
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 Short Long Term Debt Total and its Inventory 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.
Short Long Term Debt Total vs Inventory
Short Long Term Debt Total vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rock Tech Lithium Short Long Term Debt Total account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Rock Tech's Short Long Term Debt Total and Inventory is 0.42. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Inventory 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 Short Long Term Debt Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Rock Tech Lithium are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Long Term Debt Total i.e., Rock Tech's Short Long Term Debt Total and Inventory go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Long Term Debt Total
Inventory
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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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.