RHI Depreciation vs Change In Cash Analysis

RHIM Stock   3,120  45.00  1.42%   
RHI Magnesita financial indicator trend analysis is much more than just breaking down RHI Magnesita NV prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RHI Magnesita NV is a good investment. Please check the relationship between RHI Magnesita Depreciation and its Change In Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RHI Magnesita NV. 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.

Depreciation vs Change In Cash

Depreciation vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RHI Magnesita NV Depreciation account and Change In Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between RHI Magnesita's Depreciation and Change In Cash is 0.09. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Cash in the same time period over historical financial statements of RHI Magnesita NV, assuming nothing else is changed. The correlation between historical values of RHI Magnesita's Depreciation and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of RHI Magnesita NV are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Depreciation i.e., RHI Magnesita's Depreciation and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.09
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of RHI Magnesita NV value has been used up. For tax purposes RHI Magnesita can deduct the cost of the tangible assets it purchases as business expenses. However, RHI Magnesita NV must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change In Cash

Most indicators from RHI Magnesita's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RHI Magnesita NV 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 RHI Magnesita NV. 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.
Selling General Administrative is likely to gain to about 373 M in 2024, whereas Tax Provision is likely to drop slightly above 54.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit583.5M763.4M857.4M599.6M
Total Revenue2.6B3.3B3.6B2.6B

RHI Magnesita fundamental ratios Correlations

0.740.790.60.870.740.940.980.240.82-0.080.750.720.840.84-0.880.750.20.660.820.780.880.540.860.780.87
0.740.790.690.440.960.710.670.410.47-0.130.890.820.930.42-0.840.890.110.730.850.690.820.180.860.560.79
0.790.790.540.660.790.740.770.420.56-0.20.890.820.920.57-0.740.850.250.80.810.820.910.420.850.70.89
0.60.690.540.280.640.560.520.40.60.310.450.590.710.48-0.840.84-0.190.390.670.450.650.220.690.470.59
0.870.440.660.280.460.820.880.060.740.020.550.530.570.84-0.580.440.170.520.560.690.720.680.640.660.71
0.740.960.790.640.460.730.680.310.4-0.240.920.870.920.37-0.810.850.150.810.860.790.850.310.860.610.85
0.940.710.740.560.820.730.92-0.010.67-0.050.670.730.80.7-0.870.710.110.780.860.780.90.570.920.860.9
0.980.670.770.520.880.680.920.240.83-0.150.730.690.80.86-0.840.690.260.640.760.780.850.560.820.770.86
0.240.410.420.40.060.31-0.010.240.51-0.030.420.210.440.41-0.290.490.09-0.060.080.120.18-0.20.19-0.060.16
0.820.470.560.60.740.40.670.830.510.230.430.390.60.98-0.710.610.120.210.430.470.590.380.590.460.56
-0.08-0.13-0.20.310.02-0.24-0.05-0.15-0.030.23-0.4-0.32-0.180.210.010.05-0.29-0.35-0.21-0.26-0.080.04-0.05-0.3-0.19
0.750.890.890.450.550.920.670.730.420.43-0.40.840.910.43-0.70.80.350.790.80.830.830.330.790.570.85
0.720.820.820.590.530.870.730.690.210.39-0.320.840.890.37-0.750.790.110.860.830.840.850.480.830.710.87
0.840.930.920.710.570.920.80.80.440.6-0.180.910.890.56-0.890.940.170.820.890.810.930.350.940.70.92
0.840.420.570.480.840.370.70.860.410.980.210.430.370.56-0.650.540.160.240.420.490.60.440.580.490.57
-0.88-0.84-0.74-0.84-0.58-0.81-0.87-0.84-0.29-0.710.01-0.7-0.75-0.89-0.65-0.89-0.01-0.67-0.9-0.69-0.87-0.36-0.91-0.76-0.84
0.750.890.850.840.440.850.710.690.490.610.050.80.790.940.54-0.890.130.680.830.710.870.280.880.570.83
0.20.110.25-0.190.170.150.110.260.090.12-0.290.350.110.170.16-0.010.130.240.050.170.14-0.070.07-0.060.17
0.660.730.80.390.520.810.780.64-0.060.21-0.350.790.860.820.24-0.670.680.240.850.80.870.430.860.780.89
0.820.850.810.670.560.860.860.760.080.43-0.210.80.830.890.42-0.90.830.050.850.780.920.40.910.850.89
0.780.690.820.450.690.790.780.780.120.47-0.260.830.840.810.49-0.690.710.170.80.780.910.780.790.680.95
0.880.820.910.650.720.850.90.850.180.59-0.080.830.850.930.6-0.870.870.140.870.920.910.60.950.80.99
0.540.180.420.220.680.310.570.56-0.20.380.040.330.480.350.44-0.360.28-0.070.430.40.780.60.420.480.65
0.860.860.850.690.640.860.920.820.190.59-0.050.790.830.940.58-0.910.880.070.860.910.790.950.420.810.93
0.780.560.70.470.660.610.860.77-0.060.46-0.30.570.710.70.49-0.760.57-0.060.780.850.680.80.480.810.81
0.870.790.890.590.710.850.90.860.160.56-0.190.850.870.920.57-0.840.830.170.890.890.950.990.650.930.81
Click cells to compare fundamentals

RHI Magnesita Account Relationship Matchups

RHI Magnesita fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3B3.1B3.9B4.1B4.8B5.1B
Total Current Liabilities822.6M828.3M1.2B1.1B1.1B725.3M
Total Stockholder Equity823.9M646.1M785.9M1.0B1.2B615.2M
Other Liab605.9M512.4M512.6M461.1M530.3M484.3M
Retained Earnings379.6M376.8M532.8M620.2M1.2B1.2B
Accounts Payable360.7M318.6M649.2M506.5M497.9M281.0M
Cash467.2M587.2M559.1M495.5M693.6M728.3M
Long Term Debt970.2M975.4M1.3B1.4B1.8B1.9B
Net Receivables322.6M256.1M407.3M436.9M541.1M281.2M
Good Will117.5M110.8M114.4M136.9M339.2M356.2M
Short Term Investments36.5M100K300K(42.4M)11.3M11.9M
Inventory592.4M467.4M964.1M1.0B983.1M510.1M
Other Current Assets137.8M140.3M211.3M182.0M190.4M99.8M
Total Liab2.5B2.4B3.1B3.0B3.5B2.0B
Intangible Assets157.9M141.1M154.4M179.2M469.8M493.3M
Property Plant Equipment939.3M794.8M867.9M973.4M1.1B638.5M
Other Current Liab291.5M(32.8M)262.8M301.5M354.5M213.5M
Other Assets389.8M390M465.7M398.7M458.5M233.1M
Property Plant And Equipment Net1.3B1.1B1.2B1.3B1.1B977.7M
Net Debt634.1M572.2M1.0B1.2B1.3B693.3M
Non Current Assets Total1.8B1.6B1.8B1.9B2.4B1.5B
Non Currrent Assets Other40.4M27M41.5M40.2M426.2M447.5M
Cash And Short Term Investments467.2M587.2M559.1M495.5M704.9M422.2M
Common Stock Shares Outstanding49.5M49.4M48.1M47.8M48.1M48.8M
Non Current Liabilities Total1.7B1.6B1.9B1.9B2.4B1.5B
Other Stockholder Equity106.1M628.5M533M331.5M250.6M221.2M
Total Current Assets1.5B1.5B2.2B2.2B2.4B1.6B
Short Long Term Debt Total1.1B1.2B1.6B1.7B2.0B1.2B
Net Tangible Assets387.4M269.6M388.9M547.7M629.9M392.3M
Liabilities And Stockholders Equity3.3B3.1B3.9B4.1B4.8B3.3B
Short Long Term Debt69.2M127.2M219.1M215M141.2M158.9M
Accumulated Other Comprehensive Income(236.4M)(408.7M)(329.4M)(202.4M)(258.5M)(271.4M)
Short Term Debt85.3M143.7M229.8M232.6M159.3M171.6M
Current Deferred Revenue366.5M346M298.4M374.4M430.6M341.6M
Property Plant And Equipment Gross1.1B1.1B2.6B2.7B2.8B1.8B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for RHI Stock Analysis

When running RHI Magnesita's price analysis, check to measure RHI Magnesita'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 RHI Magnesita is operating at the current time. Most of RHI Magnesita's value examination focuses on studying past and present price action to predict the probability of RHI Magnesita's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RHI Magnesita's price. Additionally, you may evaluate how the addition of RHI Magnesita to your portfolios can decrease your overall portfolio volatility.