| RGT Stock | | | USD 11.79 0.07 0.60% |
Royce Global financial indicator trend analysis is much more than just breaking down Royce Global Value prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royce Global Value is a good investment. Please check the relationship between Royce Global Accounts Payable and its Retained Earnings accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Global Value. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Royce Global Value Accounts Payable account and
Retained Earnings. At this time, the significance of the direction appears to have very week relationship.
The correlation between Royce Global's Accounts Payable and Retained Earnings is 0.2. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Royce Global Value, assuming nothing else is changed. The correlation between historical values of Royce Global's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Royce Global Value are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Royce Global's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.2 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Royce Global obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Royce Global Value are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Royce Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royce Global Value 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 Royce Global Value. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Royce Global's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 0.10 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.01 in 2024.
Royce Global fundamental ratios Correlations
Click cells to compare fundamentals
Royce Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Royce Global fundamental ratios Accounts
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Additional Tools for Royce Stock Analysis
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