RLGT Stock | | | USD 7.09 0.02 0.28% |
Radiant Logistics financial indicator trend analysis is much more than just breaking down Radiant Logistics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Radiant Logistics is a good investment. Please check the relationship between Radiant Logistics Cost Of Revenue and its Revenue Per Share accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radiant Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Radiant Stock please use our
How to Invest in Radiant Logistics guide.
Cost Of Revenue vs Revenue Per Share
Cost Of Revenue vs Revenue Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Radiant Logistics Cost Of Revenue account and
Revenue Per Share. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Radiant Logistics' Cost Of Revenue and Revenue Per Share is 0.98. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Revenue Per Share in the same time period over historical financial statements of Radiant Logistics, assuming nothing else is changed. The correlation between historical values of Radiant Logistics' Cost Of Revenue and Revenue Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Radiant Logistics are associated (or correlated) with its Revenue Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Revenue Per Share has no effect on the direction of Cost Of Revenue i.e., Radiant Logistics' Cost Of Revenue and Revenue Per Share go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Radiant Logistics income statement and represents the costs associated with goods and services Radiant Logistics provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.
Most indicators from Radiant Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Radiant Logistics 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 Radiant Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Radiant Stock please use our
How to Invest in Radiant Logistics guide.
Sales General And Administrative To Revenue is likely to gain to 0.05 in 2024, whereas
Selling General Administrative is likely to drop slightly above 37.8
M in 2024.
Radiant Logistics fundamental ratios Correlations
Click cells to compare fundamentals
Radiant Logistics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Radiant Logistics fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Radiant Stock Analysis
When running Radiant Logistics' price analysis, check to
measure Radiant Logistics' 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 Radiant Logistics is operating at the current time. Most of Radiant Logistics' value examination focuses on studying past and present price action to
predict the probability of Radiant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Logistics' price. Additionally, you may evaluate how the addition of Radiant Logistics to your portfolios can decrease your overall portfolio volatility.