Richmond Free Cash Flow vs Investments Analysis

RMD Stock

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

Free Cash Flow vs Investments

Free Cash Flow vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Richmond Minerals Free Cash Flow account and Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Richmond Minerals' Free Cash Flow and Investments is 0.47. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Investments in the same time period over historical financial statements of Richmond Minerals, assuming nothing else is changed. The correlation between historical values of Richmond Minerals' Free Cash Flow and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Richmond Minerals are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Free Cash Flow i.e., Richmond Minerals' Free Cash Flow and Investments go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from Richmond Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Richmond Minerals 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 Richmond Minerals. 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 climb to about 241.8 K in 2024, whereas Tax Provision is likely to drop (34.1 K) in 2024.

Richmond Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Non Currrent Assets Other	Non Current Assets Total	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Other Assets	Deferred Long Term Liab	Intangible Assets
Total Assets		0.32	0.06	0.98	0.98	-0.85	-0.61	-0.32	0.07	-0.08	-0.21	0.17	0.06	0.47	-0.44	-0.68	0.89	0.93	0.89	0.98	0.5	0.99	-0.89	-0.26	-0.26	-0.95
Other Current Liab	0.32		0.37	0.23	0.18	-0.06	-0.3	0.01	-0.03	0.03	-0.4	0.05	0.37	-0.22	-0.15	0.02	0.05	0.12	0.18	0.3	0.37	0.25	-0.34	0.29	0.29	-0.26
Total Current Liabilities	0.06	0.37		-0.17	-0.09	0.05	0.45	0.64	-0.17	0.16	0.22	-0.63	1.0	0.23	0.59	0.59	0.02	0.03	-0.15	0.03	-0.23	0.08	-0.02	-0.16	-0.16	-0.12
Total Stockholder Equity	0.98	0.23	-0.17		0.98	-0.85	-0.7	-0.45	0.11	-0.11	-0.25	0.31	-0.17	0.41	-0.57	-0.8	0.87	0.91	0.91	0.96	0.55	0.96	-0.87	-0.22	-0.22	-0.91
Net Tangible Assets	0.98	0.18	-0.09	0.98		-0.86	-0.69	-0.36	0.07	-0.04	-0.25	0.26	-0.09	0.49	-0.48	-0.79	0.93	0.92	0.93	0.94	0.47	0.95	-0.84	-0.26	-0.26	-0.91
Retained Earnings	-0.85	-0.06	0.05	-0.85	-0.86		0.69	0.04	0.16	-0.28	0.4	-0.03	0.05	-0.78	0.19	0.77	-0.93	-0.98	-0.8	-0.86	-0.27	-0.87	0.76	0.69	0.69	0.91
Accounts Payable	-0.61	-0.3	0.45	-0.7	-0.69	0.69		0.32	0.17	-0.32	0.77	-0.39	0.45	-0.3	0.48	0.9	-0.68	-0.62	-0.7	-0.57	-0.27	-0.55	0.57	0.2	0.2	0.54
Cash	-0.32	0.01	0.64	-0.45	-0.36	0.04	0.32		-0.23	0.66	-0.11	-0.48	0.64	0.47	0.96	0.49	-0.08	-0.12	-0.39	-0.34	-0.34	-0.25	0.45	-0.55	-0.55	0.15
Net Receivables	0.07	-0.03	-0.17	0.11	0.07	0.16	0.17	-0.23		-0.38	0.31	0.73	-0.17	-0.26	-0.05	0.09	-0.12	-0.08	-0.08	0.05	0.49	0.1	0.22	0.3	0.3	0.0
Short Term Investments	-0.08	0.03	0.16	-0.11	-0.04	-0.28	-0.32	0.66	-0.38		-0.74	-0.23	0.16	0.44	0.59	-0.12	0.23	0.13	-0.15	-0.11	-0.33	-0.03	0.2	-0.59	-0.59	-0.04
Other Current Assets	-0.21	-0.4	0.22	-0.25	-0.25	0.4	0.77	-0.11	0.31	-0.74		-0.16	0.22	-0.16	0.03	0.52	-0.32	-0.28	-0.2	-0.19	-0.05	-0.2	0.17	0.26	0.26	0.22
Other Stockholder Equity	0.17	0.05	-0.63	0.31	0.26	-0.03	-0.39	-0.48	0.73	-0.23	-0.16		-0.63	-0.25	-0.42	-0.42	0.07	0.05	0.23	0.13	0.53	0.14	0.03	0.31	0.31	-0.04
Total Liab	0.06	0.37	1.0	-0.17	-0.09	0.05	0.45	0.64	-0.17	0.16	0.22	-0.63		0.23	0.59	0.59	0.02	0.03	-0.15	0.04	-0.23	0.08	-0.02	-0.16	-0.16	-0.13
Short Long Term Debt	0.47	-0.22	0.23	0.41	0.49	-0.78	-0.3	0.47	-0.26	0.44	-0.16	-0.25	0.23		0.34	-0.37	0.74	0.73	0.5	0.46	-0.09	0.52	-0.35	-0.91	-0.91	-0.61
Total Current Assets	-0.44	-0.15	0.59	-0.57	-0.48	0.19	0.48	0.96	-0.05	0.59	0.03	-0.42	0.59	0.34		0.6	-0.22	-0.26	-0.57	-0.46	-0.38	-0.36	0.61	-0.47	-0.47	0.28
Short Term Debt	-0.68	0.02	0.59	-0.8	-0.79	0.77	0.9	0.49	0.09	-0.12	0.52	-0.42	0.59	-0.37	0.6		-0.76	-0.72	-0.79	-0.66	-0.33	-0.64	0.66	0.27	0.27	0.64
Common Stock	0.89	0.05	0.02	0.87	0.93	-0.93	-0.68	-0.08	-0.12	0.23	-0.32	0.07	0.02	0.74	-0.22	-0.76		0.94	0.88	0.84	0.25	0.88	-0.75	-0.53	-0.53	-0.89
Property Plant Equipment	0.93	0.12	0.03	0.91	0.92	-0.98	-0.62	-0.12	-0.08	0.13	-0.28	0.05	0.03	0.73	-0.26	-0.72	0.94		0.86	0.94	0.35	0.95	-0.83	-0.58	-0.58	-0.96
Non Currrent Assets Other	0.89	0.18	-0.15	0.91	0.93	-0.8	-0.7	-0.39	-0.08	-0.15	-0.2	0.23	-0.15	0.5	-0.57	-0.79	0.88	0.86		0.86	0.41	0.84	-0.85	-0.23	-0.23	-0.83
Non Current Assets Total	0.98	0.3	0.03	0.96	0.94	-0.86	-0.57	-0.34	0.05	-0.11	-0.19	0.13	0.04	0.46	-0.46	-0.66	0.84	0.94	0.86		0.51	0.99	-0.91	-0.3	-0.3	-0.95
Common Stock Shares Outstanding	0.5	0.37	-0.23	0.55	0.47	-0.27	-0.27	-0.34	0.49	-0.33	-0.05	0.53	-0.23	-0.09	-0.38	-0.33	0.25	0.35	0.41	0.51		0.5	-0.31	0.15	0.15	-0.46
Net Invested Capital	0.99	0.25	0.08	0.96	0.95	-0.87	-0.55	-0.25	0.1	-0.03	-0.2	0.14	0.08	0.52	-0.36	-0.64	0.88	0.95	0.84	0.99	0.5		-0.85	-0.35	-0.35	-0.96
Net Working Capital	-0.89	-0.34	-0.02	-0.87	-0.84	0.76	0.57	0.45	0.22	0.2	0.17	0.03	-0.02	-0.35	0.61	0.66	-0.75	-0.83	-0.85	-0.91	-0.31	-0.85		0.18	0.18	0.86
Other Assets	-0.26	0.29	-0.16	-0.22	-0.26	0.69	0.2	-0.55	0.3	-0.59	0.26	0.31	-0.16	-0.91	-0.47	0.27	-0.53	-0.58	-0.23	-0.3	0.15	-0.35	0.18		1.0	0.46
Deferred Long Term Liab	-0.26	0.29	-0.16	-0.22	-0.26	0.69	0.2	-0.55	0.3	-0.59	0.26	0.31	-0.16	-0.91	-0.47	0.27	-0.53	-0.58	-0.23	-0.3	0.15	-0.35	0.18	1.0		0.46
Intangible Assets	-0.95	-0.26	-0.12	-0.91	-0.91	0.91	0.54	0.15	0.0	-0.04	0.22	-0.04	-0.13	-0.61	0.28	0.64	-0.89	-0.96	-0.83	-0.95	-0.46	-0.96	0.86	0.46	0.46

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Richmond Minerals Account Relationship Matchups

Richmond Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5M	3.0M	3.0M	3.0M	2.8M	2.1M
Other Current Liab	356.8K	210K	249.7K	246.8K	4.3K	4.1K
Total Current Liabilities	435.0K	264.0K	342.2K	498.6K	645.2K	381.4K
Total Stockholder Equity	2.1M	2.8M	2.7M	2.5M	2.2M	1.7M
Net Tangible Assets	2.1M	2.8M	2.7M	2.5M	2.9M	1.6M
Retained Earnings	(18.1M)	(18.5M)	(18.6M)	(18.8M)	(19.6M)	(20.5M)
Accounts Payable	64.0K	47.8K	47.1K	42.5K	38.2K	69.7K
Cash	154.9K	100.9K	101.6K	13.8K	389.5K	409.0K
Net Receivables	27.8K	120.1K	20.9K	5.0K	5.7K	5.4K
Short Term Investments	878.0	2.5K	916.0	398.0	143.3K	150.4K
Other Stockholder Equity	319.3K	772.1K	88.0K	23.7K	27.3K	25.9K
Total Liab	435.0K	264.0K	342.2K	500.6K	645.2K	381.6K
Total Current Assets	197.4K	232.5K	134.5K	26.0K	580.5K	609.6K
Common Stock	18.1M	18.6M	18.7M	18.7M	21.5M	18.9M
Property Plant Equipment	2.3M	2.8M	2.9M	3.0M	3.4M	3.6M
Non Current Assets Total	2.3M	2.8M	2.9M	3.0M	2.2M	2.3M
Common Stock Shares Outstanding	119.8M	139.4M	141.6M	28.3M	36.2M	65.5M
Net Invested Capital	2.1M	2.8M	2.7M	2.6M	2.5M	2.2M
Net Working Capital	(237.6K)	(31.5K)	(207.7K)	(472.6K)	(64.7K)	(67.9K)

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