Royal Pocfratio vs Average Inventory Analysis
RYR Stock | CAD 0.11 0.01 10.00% |
Royal Road financial indicator trend analysis is much more than just breaking down Royal Road Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Road Minerals is a good investment. Please check the relationship between Royal Road Pocfratio and its Average Inventory accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Road 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.
Pocfratio vs Average Inventory
Pocfratio vs Average Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Road Minerals Pocfratio account and Average Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Royal Road's Pocfratio and Average Inventory is -0.66. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Royal Road Minerals, assuming nothing else is changed. The correlation between historical values of Royal Road's Pocfratio and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pocfratio of Royal Road Minerals are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Pocfratio i.e., Royal Road's Pocfratio and Average Inventory go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Pocfratio
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Most indicators from Royal Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Road 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 Royal Road 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. Sales General And Administrative To Revenue is likely to climb to 8,197 in 2024, whereas Discontinued Operations is likely to drop (45.2 K) in 2024.
Royal Road fundamental ratios Correlations
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Royal Road Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Royal Road fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.3M | 20.1M | 39.7M | 28.1M | 14.3M | 13.7M | |
Total Current Liabilities | 181.6K | 178.0K | 829.7K | 897.6K | 324.8K | 487.2K | |
Total Stockholder Equity | 13.1M | 19.9M | 38.7M | 27.1M | 13.9M | 13.2M | |
Net Tangible Assets | 7.1M | 13.1M | 19.9M | 27.1M | 31.2M | 32.7M | |
Property Plant And Equipment Net | 9.5M | 9.4M | 9.7M | 6.5M | 155.6K | 147.9K | |
Net Debt | (3.0M) | (10.4M) | (28.9M) | (21.0M) | (6.4M) | (6.7M) | |
Retained Earnings | (21.0M) | (26.9M) | (10.3M) | (21.3M) | (36.3M) | (34.5M) | |
Accounts Payable | 212.9K | 181.6K | 178.0K | 864.5K | 778.1K | 817.0K | |
Cash | 3.0M | 10.4M | 29.0M | 21.1M | 6.5M | 8.0M | |
Non Current Assets Total | 9.9M | 9.7M | 10.1M | 6.8M | 562.4K | 534.2K | |
Cash And Short Term Investments | 3.0M | 10.4M | 29.0M | 21.1M | 13.3M | 8.6M | |
Common Stock Shares Outstanding | 200.4M | 242.6M | 265.8M | 265.7M | 305.6M | 169.5M | |
Liabilities And Stockholders Equity | 13.3M | 20.1M | 39.7M | 28.1M | 14.3M | 13.7M | |
Other Stockholder Equity | 2.8M | 4.7M | 5.6M | 4.9M | 5.1M | 3.1M | |
Total Liab | 181.6K | 178.0K | 944.5K | 974.6K | 366.4K | 516.5K | |
Total Current Assets | 3.4M | 10.4M | 29.5M | 21.3M | 13.7M | 9.0M | |
Accumulated Other Comprehensive Income | 450.4K | 571.1K | 892.7K | 1.1M | 2.7M | 2.8M | |
Common Stock | 20.6M | 30.8M | 41.5M | 42.5M | 48.9M | 26.8M | |
Property Plant Equipment | 3.6M | 9.5M | 9.4M | 6.5M | 7.5M | 4.2M | |
Other Current Liab | 181.6K | 178.0K | 798.4K | 864.5K | 287.2K | 395.6K | |
Other Current Assets | 401.0K | 26.8K | 514.4K | 144.2K | 35.6K | 33.9K | |
Non Currrent Assets Other | 415.9K | 247.6K | 414.7K | 234.6K | 269.8K | 255.2K | |
Net Invested Capital | 13.1M | 19.9M | 38.7M | 27.1M | 13.9M | 19.7M | |
Net Working Capital | 3.2M | 10.2M | 28.7M | 20.4M | 13.4M | 12.7M |
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When running Royal Road's price analysis, check to measure Royal Road'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 Royal Road is operating at the current time. Most of Royal Road's value examination focuses on studying past and present price action to predict the probability of Royal Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Road's price. Additionally, you may evaluate how the addition of Royal Road to your portfolios can decrease your overall portfolio volatility.