Roto Change In Working Capital vs Change To Account Receivables Analysis
ROTO Stock | 299.90 15.10 4.79% |
Roto Pumps financial indicator trend analysis is much more than just breaking down Roto Pumps Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roto Pumps Limited is a good investment. Please check the relationship between Roto Pumps Change In Working Capital and its Change To Account Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roto Pumps Limited. 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.
Change In Working Capital vs Change To Account Receivables
Change In Working Capital vs Change To Account Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roto Pumps Limited Change In Working Capital account and Change To Account Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Roto Pumps' Change In Working Capital and Change To Account Receivables is 0.8. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Roto Pumps Limited, assuming nothing else is changed. The correlation between historical values of Roto Pumps' Change In Working Capital and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Roto Pumps Limited are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change In Working Capital i.e., Roto Pumps' Change In Working Capital and Change To Account Receivables go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Change To Account Receivables
Most indicators from Roto Pumps' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roto Pumps Limited 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 Roto Pumps Limited. 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 80.5 M in 2024, whereas Tax Provision is likely to drop slightly above 105.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.4M | 34.6M | 49.0M | 51.4M | Depreciation And Amortization | 64.0M | 86.8M | 128.9M | 135.4M |
Roto Pumps fundamental ratios Correlations
Click cells to compare fundamentals
Roto Pumps Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 Roto Stock Analysis
When running Roto Pumps' price analysis, check to measure Roto Pumps' 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 Roto Pumps is operating at the current time. Most of Roto Pumps' value examination focuses on studying past and present price action to predict the probability of Roto Pumps' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roto Pumps' price. Additionally, you may evaluate how the addition of Roto Pumps to your portfolios can decrease your overall portfolio volatility.