Red Payables Turnover vs Free Cash Flow Per Share Analysis

RDVT Stock  USD 38.76  1.11  2.95%   
Red Violet financial indicator trend analysis is much more than just breaking down Red Violet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Violet is a good investment. Please check the relationship between Red Violet Payables Turnover and its Free Cash Flow Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.

Payables Turnover vs Free Cash Flow Per Share

Payables Turnover vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Violet Payables Turnover account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Red Violet's Payables Turnover and Free Cash Flow Per Share is 0.13. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Payables Turnover and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Red Violet are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Payables Turnover i.e., Red Violet's Payables Turnover and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Most indicators from Red Violet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Violet 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 Red Violet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.Tax Provision is likely to gain to about (9.2 M) in 2024. Selling General Administrative is likely to drop to about 18.3 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit32.8M41.1M47.1M49.5M
Total Revenue44.0M53.3M60.2M31.3M

Red Violet fundamental ratios Correlations

-0.050.641.00.90.80.360.9-0.410.990.750.980.97-0.84-0.010.810.89-0.930.990.980.94-0.42
-0.050.71-0.11-0.250.17-0.310.03-0.02-0.120.52-0.180.120.30.190.02-0.250.2-0.16-0.19-0.10.21
0.640.710.590.440.740.020.64-0.280.610.940.530.77-0.390.150.570.43-0.50.550.530.55-0.13
1.0-0.110.590.910.780.380.89-0.410.990.70.990.95-0.84-0.030.790.9-0.940.990.990.93-0.45
0.9-0.250.440.910.640.380.93-0.660.890.530.920.82-0.81-0.110.680.87-0.980.950.950.91-0.6
0.80.170.740.780.640.140.74-0.250.820.820.740.91-0.860.240.720.57-0.690.750.760.66-0.17
0.36-0.310.020.380.380.140.120.110.410.080.460.28-0.27-0.170.20.57-0.460.360.460.2-0.33
0.90.030.640.890.930.740.12-0.740.870.720.850.88-0.790.030.770.76-0.90.920.880.94-0.44
-0.41-0.02-0.28-0.41-0.66-0.250.11-0.74-0.35-0.31-0.36-0.380.380.09-0.39-0.330.54-0.49-0.42-0.60.28
0.99-0.120.610.990.890.820.410.87-0.350.740.980.96-0.880.010.820.92-0.930.980.980.92-0.4
0.750.520.940.70.530.820.080.72-0.310.740.630.87-0.590.210.790.57-0.570.660.640.70.01
0.98-0.180.530.990.920.740.460.85-0.360.980.630.92-0.82-0.080.740.93-0.960.991.00.91-0.53
0.970.120.770.950.820.910.280.88-0.380.960.870.92-0.850.080.840.81-0.860.930.920.88-0.29
-0.840.3-0.39-0.84-0.81-0.86-0.27-0.790.38-0.88-0.59-0.82-0.85-0.14-0.77-0.710.8-0.85-0.86-0.780.23
-0.010.190.15-0.03-0.110.24-0.170.030.090.010.21-0.080.08-0.140.4-0.280.13-0.07-0.06-0.050.05
0.810.020.570.790.680.720.20.77-0.390.820.790.740.84-0.770.40.68-0.660.780.750.84-0.04
0.89-0.250.430.90.870.570.570.76-0.330.920.570.930.81-0.71-0.280.68-0.90.910.920.88-0.42
-0.930.2-0.5-0.94-0.98-0.69-0.46-0.90.54-0.93-0.57-0.96-0.860.80.13-0.66-0.9-0.96-0.98-0.890.63
0.99-0.160.550.990.950.750.360.92-0.490.980.660.990.93-0.85-0.070.780.91-0.960.990.96-0.47
0.98-0.190.530.990.950.760.460.88-0.420.980.641.00.92-0.86-0.060.750.92-0.980.990.91-0.52
0.94-0.10.550.930.910.660.20.94-0.60.920.70.910.88-0.78-0.050.840.88-0.890.960.91-0.35
-0.420.21-0.13-0.45-0.6-0.17-0.33-0.440.28-0.40.01-0.53-0.290.230.05-0.04-0.420.63-0.47-0.52-0.35
Click cells to compare fundamentals

Red Violet Account Relationship Matchups

Red Violet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets48.9M52.0M74.4M77.4M93.0M54.1M
Other Current Liab1.6M1.7M(728K)668K1.1M1.3M
Total Current Liabilities4.3M5.0M3.5M5.4M4.9M4.7M
Total Stockholder Equity42.1M43.3M69.4M71.1M86.1M48.1M
Net Tangible Assets12.8M10.9M36.0M34.2M39.4M41.3M
Retained Earnings(15.9M)(22.7M)(22.0M)(21.4M)(7.9M)(8.3M)
Accounts Payable2.1M2.1M1.6M2.2M1.6M1.7M
Cash11.8M13.0M34.3M31.8M32.0M16.3M
Non Current Assets Total32.8M35.3M35.8M39.3M52.7M32.1M
Non Currrent Assets Other289K139K137K601K517K439.2K
Other Assets289K2.3M74.4M601K691.2K656.6K
Cash And Short Term Investments11.8M13.0M34.3M31.8M32.0M16.3M
Net Receivables3.5M3.2M3.7M5.5M7.1M7.5M
Common Stock Total Equity10K12K13K14K16.1K8.5K
Retained Earnings Total Equity(15.9M)(22.7M)(22.0M)(21.4M)(19.3M)(18.3M)
Common Stock Shares Outstanding10.8M11.9M13.4M14.1M14.1M11.6M
Liabilities And Stockholders Equity48.9M52.0M74.4M77.4M93.0M52.5M
Non Current Liabilities Total2.5M3.6M1.5M885K2.0M1.4M
Capital Surpluse59.2M66.0M91.4M92.5M106.4M111.7M
Capital Lease Obligations3.0M2.5M1.9M1.3M2.6M1.4M
Other Current Assets722K1.2M1.2M771K1.1M884.9K
Other Stockholder Equity57.9M66.0M91.4M92.5M94.0M59.8M
Total Liab6.8M8.6M4.9M6.3M6.9M6.0M
Property Plant And Equipment Gross3.3M2.7M2.2M1.8M4.4M4.6M
Total Current Assets16.0M16.7M38.6M38.1M40.3M20.6M
Non Current Liabilities Other2.5M1.9M1.3M598K687.7K863.8K
Short Term Debt491K1.0M1.2M1.4M1.1M641.4K
Intangible Assets24.0M27.2M28.2M31.6M34.4M23.8M
Common Stock10K12K13K14K12.6K12.0K
Property Plant Equipment3.3M558K577K709K638.1K873.9K
Property Plant And Equipment Net3.3M2.7M2.2M1.8M3.0M2.2M
Current Deferred Revenue128K504K841K670K690K408.7K
Net Debt(8.8M)(8.3M)(32.4M)(30.5M)(29.5M)(28.0M)
Net Invested Capital42.1M45.5M69.4M71.1M86.1M57.9M
Net Working Capital11.7M11.7M35.1M32.7M35.4M20.6M

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