Rio Inventory vs Property Plant And Equipment Net Analysis

RIO Stock

116.83 0.67 0.58%

Rio Tinto financial indicator trend analysis is much more than just breaking down Rio Tinto prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rio Tinto is a good investment. Please check the relationship between Rio Tinto Inventory and its Property Plant And Equipment Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio Tinto. 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.

Inventory vs Property Plant And Equipment Net

Inventory vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rio Tinto Inventory account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.

The correlation between Rio Tinto's Inventory and Property Plant And Equipment Net is 0.63. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Rio Tinto, assuming nothing else is changed. The correlation between historical values of Rio Tinto's Inventory and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Rio Tinto are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Inventory i.e., Rio Tinto's Inventory and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from Rio Tinto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rio Tinto 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 Rio Tinto. 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.

Tax Provision is likely to gain to about 4.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 5 B in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	32.5B	36.5B	39.2B	30.5B
Gross Profit	31.3B	21.3B	17.3B	15.4B

Other Operating Expenses Gross Profit

Rio Tinto fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		0.41	0.53	0.91	0.64	0.64	0.57	0.71	0.75	0.67	0.33	0.19	0.66	-0.04	0.96	0.69	0.88	0.95	0.69	0.96	0.4	0.98	0.65	0.29	0.65	0.84
Other Current Liab	0.41		0.08	0.42	0.33	0.4	-0.48	0.35	0.33	-0.09	-0.63	0.18	0.46	0.64	0.33	-0.1	0.21	0.62	0.34	0.6	0.2	0.36	0.36	-0.12	0.03	0.42
Total Current Liabilities	0.53	0.08		0.38	-0.02	0.19	0.51	0.13	0.46	0.8	0.57	0.16	0.7	0.02	0.62	0.72	0.58	0.4	0.49	0.36	0.48	0.52	0.04	0.29	0.66	0.13
Total Stockholder Equity	0.91	0.42	0.38		0.87	0.89	0.52	0.72	0.42	0.45	0.18	0.42	0.71	-0.03	0.77	0.51	0.63	0.91	0.35	0.9	0.02	0.87	0.77	0.04	0.45	0.84
Other Liab	0.64	0.33	-0.02	0.87		0.91	0.35	0.57	0.05	0.08	-0.03	0.46	0.51	-0.14	0.44	0.14	0.28	0.72	-0.04	0.7	-0.32	0.62	0.71	-0.2	0.18	0.74
Retained Earnings	0.64	0.4	0.19	0.89	0.91		0.34	0.57	0.04	0.13	-0.03	0.64	0.71	0.04	0.45	0.28	0.23	0.72	-0.01	0.67	-0.31	0.6	0.7	-0.24	0.19	0.68
Accounts Payable	0.57	-0.48	0.51	0.52	0.35	0.34		0.28	0.32	0.74	0.89	0.13	0.35	-0.57	0.59	0.75	0.6	0.34	0.26	0.36	0.14	0.6	0.25	0.33	0.62	0.4
Cash	0.71	0.35	0.13	0.72	0.57	0.57	0.28		0.46	0.16	-0.03	0.13	0.19	0.15	0.59	0.31	0.51	0.68	0.4	0.71	-0.05	0.61	0.95	0.19	0.09	0.62
Long Term Debt	0.75	0.33	0.46	0.42	0.05	0.04	0.32	0.46		0.64	0.29	-0.26	0.29	0.12	0.87	0.69	0.89	0.67	0.99	0.71	0.85	0.77	0.25	0.54	0.68	0.55
Net Receivables	0.67	-0.09	0.8	0.45	0.08	0.13	0.74	0.16	0.64		0.76	-0.06	0.51	-0.24	0.77	0.83	0.82	0.47	0.62	0.49	0.58	0.71	0.06	0.4	0.81	0.39
Good Will	0.33	-0.63	0.57	0.18	-0.03	-0.03	0.89	-0.03	0.29	0.76		-0.08	0.21	-0.68	0.43	0.72	0.53	0.08	0.26	0.08	0.32	0.38	-0.12	0.52	0.65	0.03
Short Term Investments	0.19	0.18	0.16	0.42	0.46	0.64	0.13	0.13	-0.26	-0.06	-0.08		0.6	0.06	0.07	0.01	-0.14	0.21	-0.26	0.2	-0.39	0.16	0.25	-0.49	-0.07	0.3
Inventory	0.66	0.46	0.7	0.71	0.51	0.71	0.35	0.19	0.29	0.51	0.21	0.6		0.09	0.61	0.52	0.44	0.69	0.29	0.63	0.22	0.66	0.23	-0.05	0.57	0.48
Other Current Assets	-0.04	0.64	0.02	-0.03	-0.14	0.04	-0.57	0.15	0.12	-0.24	-0.68	0.06	0.09		-0.04	-0.2	-0.15	0.1	0.19	0.1	0.09	-0.11	0.13	-0.22	-0.31	0.06
Total Liab	0.96	0.33	0.62	0.77	0.44	0.45	0.59	0.59	0.87	0.77	0.43	0.07	0.61	-0.04		0.79	0.95	0.88	0.83	0.9	0.61	0.97	0.48	0.39	0.75	0.75
Intangible Assets	0.69	-0.1	0.72	0.51	0.14	0.28	0.75	0.31	0.69	0.83	0.72	0.01	0.52	-0.2	0.79		0.76	0.53	0.68	0.51	0.58	0.72	0.15	0.48	0.79	0.41
Common Stock	0.88	0.21	0.58	0.63	0.28	0.23	0.6	0.51	0.89	0.82	0.53	-0.14	0.44	-0.15	0.95	0.76		0.76	0.85	0.8	0.68	0.9	0.36	0.57	0.76	0.63
Property Plant Equipment	0.95	0.62	0.4	0.91	0.72	0.72	0.34	0.68	0.67	0.47	0.08	0.21	0.69	0.1	0.88	0.53	0.76		0.62	0.99	0.35	0.93	0.65	0.21	0.56	0.82
Short Long Term Debt Total	0.69	0.34	0.49	0.35	-0.04	-0.01	0.26	0.4	0.99	0.62	0.26	-0.26	0.29	0.19	0.83	0.68	0.85	0.62		0.65	0.88	0.71	0.18	0.51	0.66	0.48
Property Plant And Equipment Net	0.96	0.6	0.36	0.9	0.7	0.67	0.36	0.71	0.71	0.49	0.08	0.2	0.63	0.1	0.9	0.51	0.8	0.99	0.65		0.36	0.94	0.68	0.18	0.53	0.88
Net Debt	0.4	0.2	0.48	0.02	-0.32	-0.31	0.14	-0.05	0.85	0.58	0.32	-0.39	0.22	0.09	0.61	0.58	0.68	0.35	0.88	0.36		0.46	-0.27	0.58	0.65	0.16
Non Current Assets Total	0.98	0.36	0.52	0.87	0.62	0.6	0.6	0.61	0.77	0.71	0.38	0.16	0.66	-0.11	0.97	0.72	0.9	0.93	0.71	0.94	0.46		0.54	0.28	0.75	0.84
Cash And Short Term Investments	0.65	0.36	0.04	0.77	0.71	0.7	0.25	0.95	0.25	0.06	-0.12	0.25	0.23	0.13	0.48	0.15	0.36	0.65	0.18	0.68	-0.27	0.54		-0.04	-0.02	0.66
Common Stock Shares Outstanding	0.29	-0.12	0.29	0.04	-0.2	-0.24	0.33	0.19	0.54	0.4	0.52	-0.49	-0.05	-0.22	0.39	0.48	0.57	0.21	0.51	0.18	0.58	0.28	-0.04		0.37	-0.11
Non Current Liabilities Total	0.65	0.03	0.66	0.45	0.18	0.19	0.62	0.09	0.68	0.81	0.65	-0.07	0.57	-0.31	0.75	0.79	0.76	0.56	0.66	0.53	0.65	0.75	-0.02	0.37		0.38
Other Stockholder Equity	0.84	0.42	0.13	0.84	0.74	0.68	0.4	0.62	0.55	0.39	0.03	0.3	0.48	0.06	0.75	0.41	0.63	0.82	0.48	0.88	0.16	0.84	0.66	-0.11	0.38

Click cells to compare fundamentals

Rio Tinto Account Relationship Matchups

Rio Tinto fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	87.8B	97.4B	102.9B	96.7B	103.5B	87.1B
Other Current Liab	5.4B	5.2B	6.1B	6.3B	6.9B	5.0B
Total Current Liabilities	11.1B	11.6B	12.6B	11.6B	12.7B	12.1B
Total Stockholder Equity	40.5B	47.1B	51.4B	50.2B	54.6B	38.1B
Other Liab	18.3B	20.6B	21.3B	21.8B	25.1B	14.2B
Retained Earnings	23.4B	26.8B	33.3B	34.5B	38.4B	22.8B
Accounts Payable	2.9B	3.1B	3.4B	3.3B	3.3B	3.0B
Cash	8.0B	10.4B	12.8B	6.8B	8.7B	6.8B
Long Term Debt	12.1B	12.3B	11.4B	10.1B	12.2B	15.7B
Net Receivables	3.1B	3.7B	3.1B	3.4B	3.5B	4.1B
Good Will	922M	946M	879M	826M	797M	757.2M
Short Term Investments	28M	139M	2.5B	2.1B	1.1B	1.1B
Inventory	3.5B	3.9B	5.4B	6.2B	6.7B	4.3B
Other Current Assets	1.1B	1.3B	1.5B	1.7B	1.6B	2.0B
Total Liab	42.6B	45.5B	46.3B	44.5B	47.2B	44.6B
Intangible Assets	2.6B	2.8B	2.8B	3.6B	4.4B	4.0B
Common Stock	3.7B	4.0B	3.8B	3.5B	3.6B	3.6B
Property Plant Equipment	57.4B	62.9B	64.9B	64.7B	74.4B	52.4B
Short Long Term Debt Total	14.7B	13.8B	13.5B	12.3B	14.4B	19.0B
Property Plant And Equipment Net	57.4B	62.9B	64.9B	64.7B	68.4B	53.7B
Net Debt	6.7B	3.5B	724M	5.5B	5.7B	8.7B
Non Current Assets Total	65.2B	70.6B	72.5B	72.9B	82.0B	68.6B
Cash And Short Term Investments	10.6B	13.1B	15.3B	8.9B	10.8B	8.1B
Common Stock Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B	1.4B
Liabilities And Stockholders Equity	87.8B	97.4B	102.9B	96.7B	103.5B	89.3B
Non Current Liabilities Total	12.1B	12.3B	11.4B	10.1B	34.5B	24.3B
Other Stockholder Equity	4.3B	4.3B	4.3B	4.8B	4.3B	4.7B
Total Current Assets	17.3B	20.9B	24.4B	19.0B	21.5B	18.0B
Accumulated Other Comprehensive Income	9.2B	12.0B	10.0B	7.8B	8.3B	7.4B
Short Term Debt	1.0B	584M	1.1B	1.2B	1.2B	1.8B
Current Deferred Revenue	205M	350M	404M	333M	280M	196.5M
Non Currrent Assets Other	(3.1B)	(3.4B)	(3.4B)	(2.8B)	3.6B	3.8B
Other Assets	5.3B	5.9B	6.0B	4.9B	5.6B	5.2B
Common Stock Total Equity	4.4B	3.7B	3.7B	4.0B	4.6B	4.2B
Property Plant And Equipment Gross	57.4B	62.9B	128.9B	129.8B	136.4B	73.1B
Net Tangible Assets	37.0B	43.4B	47.7B	45.7B	52.6B	44.1B
Long Term Investments	4.3B	4.6B	4.0B	3.7B	4.8B	3.7B
Short Long Term Debt	720M	351M	812M	923M	824M	782.8M
Long Term Debt Total	13.1B	13.2B	12.4B	11.1B	10.0B	11.5B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Rio Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC