Rocket Ptb Ratio vs Days Sales Outstanding Analysis

RKT Stock  USD 12.78  0.20  1.59%   
Rocket Companies financial indicator trend analysis is much more than just breaking down Rocket Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocket Companies is a good investment. Please check the relationship between Rocket Companies Ptb Ratio and its Days Sales Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.

Ptb Ratio vs Days Sales Outstanding

Ptb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rocket Companies Ptb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Rocket Companies' Ptb Ratio and Days Sales Outstanding is 0.06. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Rocket Companies, assuming nothing else is changed. The correlation between historical values of Rocket Companies' Ptb Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Rocket Companies are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Ptb Ratio i.e., Rocket Companies' Ptb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Days Sales Outstanding

Most indicators from Rocket Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocket Companies 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 Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.At this time, Rocket Companies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 144.76 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.43 in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue74.7M94.0M110.3M183.3M
EBITDA495.7M254.9M67.3M64.0M

Rocket Companies fundamental ratios Correlations

0.680.70.160.7-0.930.94-0.060.92-0.780.520.690.290.62-0.890.510.760.50.330.95-0.950.180.860.370.66-0.85
0.680.98-0.420.4-0.780.86-0.270.78-0.860.90.970.80.34-0.710.950.630.870.060.5-0.790.780.630.760.08-0.61
0.70.98-0.420.38-0.830.89-0.340.73-0.770.930.960.820.38-0.650.930.660.880.090.51-0.830.780.660.820.07-0.7
0.16-0.42-0.42-0.02-0.06-0.110.050.030.13-0.39-0.53-0.76-0.3-0.03-0.37-0.03-0.75-0.340.3-0.05-0.64-0.03-0.340.52-0.19
0.70.40.38-0.02-0.610.58-0.20.6-0.540.040.44-0.010.72-0.740.110.20.350.410.57-0.680.130.39-0.170.84-0.56
-0.93-0.78-0.83-0.06-0.61-0.960.38-0.830.75-0.7-0.74-0.41-0.510.77-0.67-0.65-0.56-0.12-0.810.99-0.45-0.73-0.59-0.530.94
0.940.860.89-0.110.58-0.96-0.160.91-0.840.760.870.580.61-0.840.730.780.720.30.84-0.960.460.860.620.41-0.83
-0.06-0.27-0.340.05-0.20.38-0.160.080.04-0.33-0.12-0.050.15-0.07-0.340.35-0.080.570.190.33-0.640.32-0.37-0.130.47
0.920.780.730.030.6-0.830.910.08-0.950.590.790.420.55-0.970.640.750.580.310.88-0.860.280.830.380.5-0.63
-0.78-0.86-0.770.13-0.540.75-0.840.04-0.95-0.65-0.83-0.5-0.430.93-0.75-0.59-0.63-0.16-0.70.77-0.48-0.65-0.43-0.360.5
0.520.90.93-0.390.04-0.70.76-0.330.59-0.650.850.860.15-0.440.960.610.78-0.080.37-0.660.790.560.96-0.21-0.57
0.690.970.96-0.530.44-0.740.87-0.120.79-0.830.850.860.51-0.720.870.70.950.30.54-0.760.70.720.70.06-0.55
0.290.80.82-0.76-0.01-0.410.58-0.050.42-0.50.860.860.3-0.30.810.560.930.250.17-0.40.740.520.81-0.44-0.26
0.620.340.38-0.30.72-0.510.610.150.55-0.430.150.510.3-0.60.070.40.530.870.63-0.530.050.630.00.46-0.41
-0.89-0.71-0.65-0.03-0.740.77-0.84-0.07-0.970.93-0.44-0.72-0.3-0.6-0.52-0.63-0.52-0.35-0.840.82-0.23-0.73-0.2-0.630.57
0.510.950.93-0.370.11-0.670.73-0.340.64-0.750.960.870.810.07-0.520.550.76-0.180.33-0.660.830.490.88-0.14-0.51
0.760.630.66-0.030.2-0.650.780.350.75-0.590.610.70.560.4-0.630.550.60.410.79-0.670.080.960.550.14-0.57
0.50.870.88-0.750.35-0.560.72-0.080.58-0.630.780.950.930.53-0.520.760.60.40.34-0.580.720.620.66-0.12-0.41
0.330.060.09-0.340.41-0.120.30.570.31-0.16-0.080.30.250.87-0.35-0.180.410.40.44-0.16-0.250.56-0.180.18-0.04
0.950.50.510.30.57-0.810.840.190.88-0.70.370.540.170.63-0.840.330.790.340.44-0.82-0.080.890.230.64-0.72
-0.95-0.79-0.83-0.05-0.680.99-0.960.33-0.860.77-0.66-0.76-0.4-0.530.82-0.66-0.67-0.58-0.16-0.82-0.42-0.75-0.53-0.580.93
0.180.780.78-0.640.13-0.450.46-0.640.28-0.480.790.70.740.05-0.230.830.080.72-0.25-0.08-0.420.060.73-0.25-0.33
0.860.630.66-0.030.39-0.730.860.320.83-0.650.560.720.520.63-0.730.490.960.620.560.89-0.750.060.460.3-0.64
0.370.760.82-0.34-0.17-0.590.62-0.370.38-0.430.960.70.810.0-0.20.880.550.66-0.180.23-0.530.730.46-0.36-0.53
0.660.080.070.520.84-0.530.41-0.130.5-0.36-0.210.06-0.440.46-0.63-0.140.14-0.120.180.64-0.58-0.250.3-0.36-0.56
-0.85-0.61-0.7-0.19-0.560.94-0.830.47-0.630.5-0.57-0.55-0.26-0.410.57-0.51-0.57-0.41-0.04-0.720.93-0.33-0.64-0.53-0.56
Click cells to compare fundamentals

Rocket Companies Account Relationship Matchups

Rocket Companies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.1B37.5B32.8B20.1B19.2B25.9B
Short Long Term Debt Total5.6B22.0B19.3B8.7B9.6B12.7B
Other Current Liab(322.3M)(627.0M)(346.5M)1.4B63.4M58.6M
Total Current Liabilities322.3M627.0M346.5M572.6M1.9B2.0B
Total Stockholder Equity3.5B490.5M665.7M576.7M624.9M1.2B
Other Liab450.2M1.2B1.5B1.1B1.3B1.1B
Net Tangible Assets595.3M(2.4B)665.7M(682.2M)(614.0M)(644.7M)
Property Plant And Equipment Net455.4M449.7M682.3M640.4M598.6M555.3M
Net Debt4.3B20.0B17.1B8.0B4.1B3.9B
Accounts Payable157.3M252.0M271.5M116.3M171.4M194.5M
Cash1.4B2.0B2.1B722.3M1.1B1.1B
Non Current Assets Total3.6B3.5B6.1B2.4B8.9B5.1B
Non Currrent Assets Other(3.6B)(519.9M)(6.1B)(7.0B)(8.9B)(8.4B)
Other Assets14.9B32.0B24.6B16.9B8.2B14.0B
Long Term Debt2.4B3.4B18.7B8.3B4.5B7.3B
Cash And Short Term Investments1.4B2.0B2.1B722.3M1.4B1.6B
Net Receivables282.8M22.2M517.8M10.8M579.2M301.0M
Good Will40.3M47.2M1.3B1.3B1.2B720.0M
Short Term Investments508.1M1.9B538.9M90.6M322.5M480.4M
Long Term Debt Total2.4B3.4B18.7B8.3B9.5B7.7B
Liabilities And Stockholders Equity20.1B37.5B32.8B20.1B19.2B25.9B
Non Current Liabilities Total5.5B21.6B19.2B11.0B5.9B5.6B
Inventory1.6M1.1M492K1.2B1.4B1.5B
Other Current Assets14.6B(653.7M)169.0M(1.3B)158.3M150.3M
Other Stockholder Equity428.4M282.7M287.6M276.2M340.5M263.5M
Total Liab16.6B29.7B23.0B11.6B10.9B13.4B
Net Invested Capital18.9B27.7B19.4B8.9B5.4B5.1B
Property Plant And Equipment Gross455.4M449.7M682.3M640.4M1.1B653.6M
Total Current Assets1.6B2.0B2.1B722.3M2.2B2.2B
Accumulated Other Comprehensive Income(151K)317K81K69K52K54.6K
Cash And Equivalents1.4B2.0B2.1B722.3M830.6M1.6B
Intangible Assets2.9B2.9B5.4B6.9B6.6B5.1B
Property Plant Equipment455.4M449.7M682.3M274.2M315.3M454.1M

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