Royal Accounts Payable vs Cash Analysis

0QKU Stock   125.21  1.20  0.95%   
Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Accounts Payable and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Royal Bank of. 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.

Accounts Payable vs Cash

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Accounts Payable account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Royal Bank's Accounts Payable and Cash is 0.64. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Royal Bank of are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Royal Bank's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Royal Bank obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Royal Bank are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of Royal Bank, which is listed under current asset account on Royal Bank of balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Royal Bank customers. The amounts must be unrestricted with restricted cash listed in a different Royal Bank account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Royal Bank of. 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 drop to about 2.4 B in 2024
 2021 2022 2023 2024 (projected)
Gross Profit35.6B53.7B61.7B36.4B
Total Revenue48.5B53.7B61.7B44.2B

Royal Bank fundamental ratios Correlations

0.960.990.880.31.00.730.920.920.980.730.93-0.550.94-0.591.00.730.940.890.88-0.530.680.880.90.790.9
0.960.960.810.360.960.60.850.850.960.60.86-0.570.87-0.50.960.60.890.830.9-0.610.60.940.940.880.95
0.990.960.830.361.00.680.930.930.970.680.95-0.550.95-0.590.990.680.950.910.87-0.550.650.870.880.790.88
0.880.810.83-0.070.860.930.740.730.90.930.7-0.460.78-0.510.880.930.730.660.73-0.370.760.790.850.620.82
0.30.360.36-0.070.31-0.270.530.540.18-0.270.51-0.210.490.070.29-0.270.420.380.54-0.32-0.110.250.220.370.27
1.00.961.00.860.310.720.920.920.980.720.93-0.540.94-0.581.00.720.940.880.86-0.520.660.880.890.790.89
0.730.60.680.93-0.270.720.640.640.751.00.57-0.330.68-0.510.741.00.590.540.47-0.160.740.570.640.350.59
0.920.850.930.740.530.920.641.00.860.640.94-0.471.0-0.460.920.640.890.840.81-0.450.570.730.750.650.75
0.920.850.930.730.540.920.641.00.850.640.94-0.471.0-0.460.910.640.880.840.81-0.440.560.730.750.650.74
0.980.960.970.90.180.980.750.860.850.750.87-0.560.88-0.610.980.750.90.840.83-0.520.710.910.930.820.92
0.730.60.680.93-0.270.721.00.640.640.750.57-0.330.68-0.510.741.00.590.540.47-0.160.740.570.640.350.59
0.930.860.950.70.510.930.570.940.940.870.57-0.540.94-0.630.930.570.970.960.86-0.540.590.750.770.720.77
-0.55-0.57-0.55-0.46-0.21-0.54-0.33-0.47-0.47-0.56-0.33-0.54-0.490.31-0.55-0.33-0.49-0.59-0.560.82-0.81-0.73-0.74-0.76-0.71
0.940.870.950.780.490.940.681.01.00.880.680.94-0.49-0.490.940.680.90.850.82-0.460.60.760.780.670.77
-0.59-0.5-0.59-0.510.07-0.58-0.51-0.46-0.46-0.61-0.51-0.630.31-0.49-0.59-0.51-0.73-0.7-0.40.28-0.42-0.45-0.48-0.37-0.46
1.00.960.990.880.291.00.740.920.910.980.740.93-0.550.94-0.590.740.940.880.88-0.530.680.880.90.790.9
0.730.60.680.93-0.270.721.00.640.640.751.00.57-0.330.68-0.510.740.590.540.47-0.160.740.570.640.350.59
0.940.890.950.730.420.940.590.890.880.90.590.97-0.490.9-0.730.940.590.930.87-0.490.540.780.80.730.81
0.890.830.910.660.380.880.540.840.840.840.540.96-0.590.85-0.70.880.540.930.78-0.640.650.750.760.740.76
0.880.90.870.730.540.860.470.810.810.830.470.86-0.560.82-0.40.880.470.870.78-0.580.520.840.870.820.9
-0.53-0.61-0.55-0.37-0.32-0.52-0.16-0.45-0.44-0.52-0.16-0.540.82-0.460.28-0.53-0.16-0.49-0.64-0.58-0.6-0.68-0.69-0.75-0.69
0.680.60.650.76-0.110.660.740.570.560.710.740.59-0.810.6-0.420.680.740.540.650.52-0.60.750.790.670.72
0.880.940.870.790.250.880.570.730.730.910.570.75-0.730.76-0.450.880.570.780.750.84-0.680.750.990.960.99
0.90.940.880.850.220.890.640.750.750.930.640.77-0.740.78-0.480.90.640.80.760.87-0.690.790.990.940.99
0.790.880.790.620.370.790.350.650.650.820.350.72-0.760.67-0.370.790.350.730.740.82-0.750.670.960.940.94
0.90.950.880.820.270.890.590.750.740.920.590.77-0.710.77-0.460.90.590.810.760.9-0.690.720.990.990.94
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Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6T1.7T1.9T2.0T2.3T1.5T
Total Current Liabilities15.4B18.0B25.0B28.1B32.3B16.3B
Total Stockholder Equity86.7B98.7B108.1B117.7B135.3B84.9B
Property Plant And Equipment Net7.9B7.4B7.2B6.7B7.8B4.7B
Net Debt8.9B(10.3B)94.0B95.3B109.6B71.6B
Retained Earnings59.8B71.8B78.0B84.3B97.0B55.8B
Cash115.9B111.8B70.4B59.0B67.8B45.4B
Non Current Assets Total1.5T1.6T1.8T1.9T2.2T1.4T
Non Currrent Assets Other1.5T1.6T1.8T1.9T2.2T1.3T
Other Assets1.1T1.1T1.3T1.3T1.5T1.1T
Cash And Short Term Investments115.9B111.8B70.4B59.0B67.8B45.4B
Good Will11.3B10.9B12.3B12.6B14.5B11.5B
Common Stock Shares Outstanding1.4B1.4B1.4B1.4B1.3B1.2B
Non Current Liabilities Total1.5T1.6T1.8T1.9T2.2T1.3T
Other Stockholder Equity(129M)(73M)(334M)(231M)(207.9M)(197.5M)
Total Liab1.5T1.6T1.8T1.9T2.2T1.4T
Total Current Assets115.9B111.8B70.4B59.0B67.8B45.4B
Intangible Assets4.8B4.5B6.1B5.9B6.8B4.7B
Common Stock17.6B17.7B17.3B19.4B22.3B18.4B
Short Long Term Debt Total124.8B101.5B164.4B154.3B177.4B127.6B
Liabilities And Stockholders Equity1.6T1.7T1.9T2.0T2.3T1.5T
Accumulated Other Comprehensive Income3.4B2.5B5.7B6.9B7.9B4.5B
Other Current Liab73.0B81.3B85.4B28.1B25.3B24.0B

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