Ritchie Net Receivables vs Common Stock Analysis

RBA Stock

CAD 138.34 0.78 0.57%

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

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Net Receivables account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ritchie Bros' Net Receivables and Common Stock is 0.98. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of Ritchie Bros Auctioneers, assuming nothing else is changed. The correlation between historical values of Ritchie Bros' Net Receivables and Common Stock 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 Ritchie Bros Auctioneers are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Ritchie Bros' Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Common Stock

Most indicators from Ritchie Bros' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ritchie Bros Auctioneers 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 Ritchie Bros Auctioneers. 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.

At this time, Ritchie Bros' Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Issuance Of Capital Stock is likely to grow to about 393.3 M, while Tax Provision is likely to drop about 52.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	822.2M	957.1M	1.8B	1.9B
Total Revenue	1.4B	1.7B	3.7B	3.9B

Gross Profit Total Revenue

Ritchie Bros fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.97	0.96	0.99	0.96	0.99	0.29	0.07	0.86	1.0	0.86	1.0	0.75	1.0	0.88	0.9	0.65	1.0	0.96	0.97	0.95	0.06	0.99	0.42	0.98
Short Long Term Debt Total	0.99		0.95	0.94	0.97	0.94	1.0	0.26	0.07	0.83	0.99	0.83	0.98	0.72	1.0	0.86	0.88	0.63	0.99	0.94	0.95	0.92	0.15	0.98	0.41	0.97
Other Current Liab	0.97	0.95		0.98	0.96	0.91	0.93	0.37	0.1	0.91	0.96	0.91	0.97	0.72	0.95	0.87	0.8	0.73	0.96	0.91	0.97	0.9	0.04	0.95	0.48	0.93
Total Current Liabilities	0.96	0.94	0.98		0.95	0.89	0.92	0.49	0.28	0.96	0.95	0.96	0.96	0.75	0.94	0.93	0.82	0.81	0.96	0.89	1.0	0.89	0.1	0.93	0.59	0.9
Total Stockholder Equity	0.99	0.97	0.96	0.95		0.98	0.97	0.27	0.03	0.85	0.99	0.85	1.0	0.75	0.98	0.87	0.91	0.62	0.98	0.98	0.97	0.97	-0.02	0.99	0.39	0.99
Property Plant And Equipment Net	0.96	0.94	0.91	0.89	0.98		0.94	0.18	-0.1	0.77	0.97	0.77	0.97	0.75	0.95	0.81	0.91	0.5	0.95	1.0	0.91	0.97	-0.1	0.97	0.28	0.98
Net Debt	0.99	1.0	0.93	0.92	0.97	0.94		0.21	0.02	0.79	0.99	0.79	0.97	0.71	1.0	0.84	0.88	0.58	0.99	0.94	0.93	0.91	0.15	0.98	0.37	0.97
Retained Earnings	0.29	0.26	0.37	0.49	0.27	0.18	0.21		0.73	0.64	0.26	0.64	0.27	0.65	0.25	0.52	0.19	0.8	0.3	0.21	0.45	0.2	0.35	0.19	0.9	0.14
Accounts Payable	0.07	0.07	0.1	0.28	0.03	-0.1	0.02	0.73		0.42	0.04	0.42	0.05	0.2	0.06	0.42	0.05	0.65	0.1	-0.08	0.25	-0.04	0.43	-0.02	0.76	-0.08
Cash	0.86	0.83	0.91	0.96	0.85	0.77	0.79	0.64	0.42		0.84	1.0	0.86	0.73	0.83	0.87	0.74	0.86	0.86	0.78	0.95	0.78	0.13	0.81	0.67	0.78
Non Current Assets Total	1.0	0.99	0.96	0.95	0.99	0.97	0.99	0.26	0.04	0.84		0.84	1.0	0.74	1.0	0.87	0.9	0.62	0.99	0.97	0.96	0.95	0.06	0.99	0.4	0.99
Cash And Short Term Investments	0.86	0.83	0.91	0.96	0.85	0.77	0.79	0.64	0.42	1.0	0.84		0.86	0.73	0.83	0.87	0.74	0.86	0.86	0.78	0.95	0.78	0.13	0.81	0.67	0.78
Net Receivables	1.0	0.98	0.97	0.96	1.0	0.97	0.97	0.27	0.05	0.86	1.0	0.86		0.74	0.99	0.88	0.89	0.65	0.99	0.96	0.97	0.95	0.0	0.99	0.41	0.98
Common Stock Shares Outstanding	0.75	0.72	0.72	0.75	0.75	0.75	0.71	0.65	0.2	0.73	0.74	0.73	0.74		0.73	0.73	0.71	0.71	0.74	0.76	0.77	0.73	0.05	0.71	0.69	0.71
Non Current Liabilities Total	1.0	1.0	0.95	0.94	0.98	0.95	1.0	0.25	0.06	0.83	1.0	0.83	0.99	0.73		0.86	0.89	0.63	0.99	0.95	0.96	0.92	0.12	0.99	0.41	0.97
Inventory	0.88	0.86	0.87	0.93	0.87	0.81	0.84	0.52	0.42	0.87	0.87	0.87	0.88	0.73	0.86		0.76	0.81	0.88	0.82	0.93	0.83	0.12	0.84	0.65	0.81
Other Current Assets	0.9	0.88	0.8	0.82	0.91	0.91	0.88	0.19	0.05	0.74	0.9	0.74	0.89	0.71	0.89	0.76		0.49	0.89	0.9	0.86	0.89	-0.08	0.91	0.29	0.91
Other Stockholder Equity	0.65	0.63	0.73	0.81	0.62	0.5	0.58	0.8	0.65	0.86	0.62	0.86	0.65	0.71	0.63	0.81	0.49		0.65	0.5	0.78	0.52	0.23	0.58	0.88	0.53
Total Liab	1.0	0.99	0.96	0.96	0.98	0.95	0.99	0.3	0.1	0.86	0.99	0.86	0.99	0.74	0.99	0.88	0.89	0.65		0.95	0.97	0.94	0.11	0.98	0.43	0.97
Property Plant And Equipment Gross	0.96	0.94	0.91	0.89	0.98	1.0	0.94	0.21	-0.08	0.78	0.97	0.78	0.96	0.76	0.95	0.82	0.9	0.5	0.95		0.91	0.97	-0.11	0.97	0.31	0.98
Total Current Assets	0.97	0.95	0.97	1.0	0.97	0.91	0.93	0.45	0.25	0.95	0.96	0.95	0.97	0.77	0.96	0.93	0.86	0.78	0.97	0.91		0.91	0.09	0.95	0.55	0.92
Short Term Debt	0.95	0.92	0.9	0.89	0.97	0.97	0.91	0.2	-0.04	0.78	0.95	0.78	0.95	0.73	0.92	0.83	0.89	0.52	0.94	0.97	0.91		-0.16	0.96	0.3	0.97
Non Currrent Assets Other	0.06	0.15	0.04	0.1	-0.02	-0.1	0.15	0.35	0.43	0.13	0.06	0.13	0.0	0.05	0.12	0.12	-0.08	0.23	0.11	-0.11	0.09	-0.16		-0.03	0.33	-0.07
Intangible Assets	0.99	0.98	0.95	0.93	0.99	0.97	0.98	0.19	-0.02	0.81	0.99	0.81	0.99	0.71	0.99	0.84	0.91	0.58	0.98	0.97	0.95	0.96	-0.03		0.34	1.0
Common Stock Total Equity	0.42	0.41	0.48	0.59	0.39	0.28	0.37	0.9	0.76	0.67	0.4	0.67	0.41	0.69	0.41	0.65	0.29	0.88	0.43	0.31	0.55	0.3	0.33	0.34		0.28
Common Stock	0.98	0.97	0.93	0.9	0.99	0.98	0.97	0.14	-0.08	0.78	0.99	0.78	0.98	0.71	0.97	0.81	0.91	0.53	0.97	0.98	0.92	0.97	-0.07	1.0	0.28

Click cells to compare fundamentals

Ritchie Bros Account Relationship Matchups

Ritchie Bros fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.4B	3.6B	2.9B	12.0B	12.6B
Short Long Term Debt Total	666.5M	682.9M	1.8B	626.0M	4.6B	4.8B
Other Current Liab	284.0M	231.3M	298.5M	467.0M	961.6M	1.0B
Total Current Liabilities	501.3M	514.6M	588.4M	795.3M	1.3B	1.4B
Total Stockholder Equity	901.8M	1.0B	1.1B	1.3B	5.0B	5.3B
Property Plant And Equipment Net	484.5M	492.1M	449.1M	459.1M	2.7B	2.8B
Net Debt	290.5M	387.0M	1.4B	116.3M	4.0B	4.2B
Retained Earnings	714.1M	791.9M	839.6M	1.0B	918.5M	468.4M
Accounts Payable	194.3M	243.8M	280.3M	294.8M	138.9M	118.7M
Cash	359.7M	278.8M	326.1M	494.3M	576.2M	605.0M
Non Current Assets Total	1.5B	1.8B	2.8B	1.9B	10.2B	10.7B
Cash And Short Term Investments	359.7M	278.8M	326.1M	494.3M	576.2M	605.0M
Net Receivables	144.2M	136.3M	166.4M	185.8M	741.5M	778.6M
Common Stock Shares Outstanding	109.8M	110.3M	111.4M	111.9M	168.2M	117.7M
Liabilities And Stockholders Equity	2.2B	2.4B	3.6B	2.9B	12.0B	12.6B
Non Current Liabilities Total	821.2M	824.6M	1.9B	778.4M	5.7B	6.0B
Inventory	65.0M	86.3M	102.5M	103.1M	166.5M	174.8M
Other Current Assets	50.2M	27.3M	64.3M	48.3M	329.8M	346.3M
Other Stockholder Equity	52.1M	49.2M	59.5M	85.3M	88M	56.4M
Total Liab	1.3B	1.3B	2.5B	1.6B	7.0B	7.4B
Property Plant And Equipment Gross	600.7M	608.6M	449.1M	459.1M	2.4B	2.5B
Total Current Assets	679.6M	556.8M	762.2M	963.1M	1.8B	1.9B
Accumulated Other Comprehensive Income	(59.1M)	(34.3M)	(56.0M)	(85.1M)	(44M)	(41.8M)
Short Term Debt	23.0M	39.5M	9.6M	33.5M	170.3M	178.8M
Non Currrent Assets Other	141.4M	147.6M	1.1B	163.4M	86.2M	96.0M
Intangible Assets	233.4M	300.9M	350.5M	322.7M	2.9B	3.1B
Common Stock Total Equity	138.6M	181.8M	194.8M	200.5M	230.5M	134.8M
Common Stock	194.8M	200.5M	227.5M	246.3M	4.1B	4.3B
Current Deferred Revenue	(5.7M)	35.2M	296.5M	7.7M	17.5M	16.6M
Good Will	672.3M	840.6M	947.7M	948.8M	4.5B	4.8B
Other Liab	66.3M	68.3M	75.6M	74.0M	85.1M	67.3M
Net Tangible Assets	(8.7M)	(140.3M)	(232.4M)	14.1M	12.6M	12.0M
Other Assets	39.2M	44.6M	969.0M	22.6M	26.0M	24.7M
Long Term Debt	627.2M	626.3M	1.7B	577.1M	2.3B	2.4B
Long Term Investments	4.0M	4.3M	0.0	1.5M	9.7M	5.0M
Short Long Term Debt	23.0M	39.5M	9.6M	33.5M	21.0M	40.1M
Property Plant Equipment	595.8M	602.7M	558.7M	582.1M	669.4M	611.5M
Deferred Long Term Liab	1.4M	2.3M	5.2M	3.9M	3.5M	3.3M
Long Term Debt Total	643.5M	643.4M	1.7B	592.5M	681.3M	796.1M
Capital Surpluse	52.1M	49.2M	59.5M	85.3M	98.1M	54.9M

Pair Trading with Ritchie Bros

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ritchie Bros position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ritchie Bros will appreciate offsetting losses from the drop in the long position's value.

Moving against Ritchie Stock

0.84	CMC	Cielo Waste Solutions	Pair Corr
0.52	AEMC	Alaska Energy Metals	Pair Corr
0.49	EOG	Eco Atlantic Oil	Pair Corr

The ability to find closely correlated positions to Ritchie Bros could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ritchie Bros when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ritchie Bros - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ritchie Bros Auctioneers to buy it.

The correlation of Ritchie Bros is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ritchie Bros moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ritchie Bros Auctioneers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ritchie Bros can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Ritchie Stock

Balance Sheet is a snapshot of the financial position of Ritchie Bros Auctioneers at a specified time, usually calculated after every quarter, six months, or one year. Ritchie Bros Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ritchie Bros and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ritchie currently owns. An asset can also be divided into two categories, current and non-current.

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Ritchie Net Receivables vs Common Stock Analysis

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Common Stock

Ritchie Bros fundamental ratios Correlations

Ritchie Bros Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ritchie Bros fundamental ratios Accounts

Pair Trading with Ritchie Bros

Moving against Ritchie Stock

Other Information on Investing in Ritchie Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total

Non Currrent Assets Other	- 0.16	Short Term Debt
Non Currrent Assets Other	- 0.11	Property Plant And Equipment Gross
Non Currrent Assets Other	- 0.1	Property Plant And Equipment Net
Accounts Payable	- 0.1	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.08	Other Current Assets
Common Stock	- 0.08	Accounts Payable