Rover Net Receivables vs Retained Earnings Analysis

ROVR Stock  CAD 0.01  0.00  0.00%   
Rover Metals financial indicator trend analysis is much more than just breaking down Rover Metals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rover Metals Corp is a good investment. Please check the relationship between Rover Metals Net Receivables and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rover Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rover Metals Corp Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
Net ReceivablesRetained EarningsDiversified AwayNet ReceivablesRetained EarningsDiversified Away100%
The correlation between Rover Metals' Net Receivables and Retained Earnings is -0.47. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Rover Metals Corp, assuming nothing else is changed. The correlation between historical values of Rover Metals' Net Receivables 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 Net Receivables of Rover Metals Corp 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 Net Receivables i.e., Rover Metals' Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Receivables

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 Rover Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rover Metals Corp 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 Rover Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Rover Metals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 1.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 696 K in 2024.

Rover Metals fundamental ratios Correlations

0.91.0-0.08-0.980.371.00.210.870.90.610.470.910.980.990.980.990.96-0.40.940.76-0.640.930.88-0.95-0.64
0.90.87-0.28-0.910.560.880.40.671.00.690.520.830.890.910.90.910.82-0.430.770.58-0.610.750.71-0.8-0.61
1.00.87-0.05-0.970.341.00.180.880.880.590.460.90.980.990.980.990.96-0.390.950.77-0.640.930.89-0.96-0.64
-0.08-0.28-0.050.04-0.940.01-0.990.15-0.28-0.79-0.530.18-0.07-0.090.02-0.06-0.11-0.550.020.35-0.290.080.20.06-0.29
-0.98-0.91-0.970.04-0.31-0.97-0.16-0.83-0.92-0.6-0.47-0.89-0.96-0.97-0.99-0.97-0.950.42-0.91-0.750.6-0.9-0.850.90.6
0.370.560.34-0.94-0.310.290.970.150.550.870.630.160.360.390.280.360.350.290.24-0.07-0.040.190.09-0.33-0.04
1.00.881.00.01-0.970.290.120.890.880.530.420.930.980.990.990.990.95-0.470.950.8-0.680.940.91-0.95-0.68
0.210.40.18-0.99-0.160.970.12-0.030.390.840.57-0.050.190.220.110.190.230.470.1-0.240.190.04-0.08-0.180.19
0.870.670.880.15-0.830.150.89-0.030.680.330.460.910.880.870.890.860.79-0.480.830.86-0.760.850.89-0.81-0.76
0.91.00.88-0.28-0.920.550.880.390.680.690.510.830.90.920.90.920.83-0.440.780.59-0.610.760.71-0.81-0.61
0.610.690.59-0.79-0.60.870.530.840.330.690.730.330.580.590.540.570.630.320.480.11-0.060.420.29-0.54-0.06
0.470.520.46-0.53-0.470.630.420.570.460.510.730.330.560.50.460.480.490.290.360.19-0.160.340.29-0.41-0.16
0.910.830.90.18-0.890.160.93-0.050.910.830.330.330.910.920.940.920.8-0.670.830.87-0.870.860.91-0.84-0.87
0.980.890.98-0.07-0.960.360.980.190.880.90.580.560.910.990.970.990.93-0.420.920.76-0.670.910.88-0.95-0.67
0.990.910.99-0.09-0.970.390.990.220.870.920.590.50.920.990.981.00.94-0.430.930.76-0.670.920.89-0.95-0.67
0.980.90.980.02-0.990.280.990.110.890.90.540.460.940.970.980.980.93-0.480.910.8-0.70.910.89-0.91-0.7
0.990.910.99-0.06-0.970.360.990.190.860.920.570.480.920.991.00.980.94-0.470.930.76-0.670.920.88-0.95-0.67
0.960.820.96-0.11-0.950.350.950.230.790.830.630.490.80.930.940.930.94-0.270.980.77-0.420.960.89-0.95-0.42
-0.4-0.43-0.39-0.550.420.29-0.470.47-0.48-0.440.320.29-0.67-0.42-0.43-0.48-0.47-0.27-0.4-0.630.74-0.45-0.560.370.74
0.940.770.950.02-0.910.240.950.10.830.780.480.360.830.920.930.910.930.98-0.40.85-0.480.990.94-0.97-0.48
0.760.580.770.35-0.75-0.070.8-0.240.860.590.110.190.870.760.760.80.760.77-0.630.85-0.650.90.97-0.78-0.65
-0.64-0.61-0.64-0.290.6-0.04-0.680.19-0.76-0.61-0.06-0.16-0.87-0.67-0.67-0.7-0.67-0.420.74-0.48-0.65-0.53-0.650.561.0
0.930.750.930.08-0.90.190.940.040.850.760.420.340.860.910.920.910.920.96-0.450.990.9-0.530.98-0.96-0.53
0.880.710.890.2-0.850.090.91-0.080.890.710.290.290.910.880.890.890.880.89-0.560.940.97-0.650.98-0.92-0.65
-0.95-0.8-0.960.060.9-0.33-0.95-0.18-0.81-0.81-0.54-0.41-0.84-0.95-0.95-0.91-0.95-0.950.37-0.97-0.780.56-0.96-0.920.56
-0.64-0.61-0.64-0.290.6-0.04-0.680.19-0.76-0.61-0.06-0.16-0.87-0.67-0.67-0.7-0.67-0.420.74-0.48-0.651.0-0.53-0.650.56
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Rover Metals Account Relationship Matchups

Rover Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1M1.9M4.4M5.1M5.1M5.4M
Total Current Liabilities248.6K448.7K666.9K291.1K595.2K625K
Total Stockholder Equity801.8K1.4M3.7M4.8M4.5M4.7M
Net Debt(2.2K)(301.8K)(607.6K)(56.2K)(50.6K)(53.1K)
Retained Earnings(3.1M)(3.9M)(5.6M)(7.1M)(7.3M)(6.9M)
Cash2.2K332.7K642.8K96.2K200.7K236.0K
Non Current Assets Total821.4K1.5M3.5M4.6M4.8M5.0M
Cash And Short Term Investments2.2K332.7K642.8K96.2K110.7K105.1K
Liabilities And Stockholders Equity1.1M1.9M4.4M5.1M5.8M6.1M
Other Stockholder Equity784.1K34.7K575.8K1.6M1.8M1.9M
Total Liab248.6K488.7K706.9K331.1K635.2K667K
Total Current Assets229.0K405.9K872.7K446.8K303.2K338.9K
Net Receivables3.6K17.0K37.9K19.2K22.0K20.9K
Common Stock Shares Outstanding8.2M10.3M17.3M25.2M52.6M55.2M
Other Current Liab248.6K398.7K666.9K291.1K334.8K259.2K
Net Tangible Assets1.2M801.8K1.4M3.7M4.3M4.5M
Accounts Payable188.6K106.9K285.3K666.9K766.9K805.2K
Common Stock2.8M3.4M5.6M7.4M8.5M8.9M
Property Plant Equipment641.5K704.1K1.4M3.1M3.6M3.8M
Net Invested Capital801.8K1.5M3.7M4.8M4.5M2.6M
Net Working Capital(19.6K)(42.8K)205.9K155.6K(292.1K)(277.5K)
Property Plant And Equipment Net704.1K1.4M3.1M4.4M4.6M2.7M
Capital Stock2.8M3.4M5.6M7.4M8.5M5.6M

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Additional Tools for Rover Stock Analysis

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