Royalty Net Income vs Change In Working Capital Analysis
| RMCOW Stock | 0.02 0.0001 0.67% |
Royalty Management financial indicator trend analysis is much more than just breaking down Royalty Management prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royalty Management is a good investment. Please check the relationship between Royalty Management Net Income and its Change In Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Net Income vs Change In Working Capital
Net Income vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royalty Management Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Royalty Management's Net Income and Change In Working Capital is -0.29. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Royalty Management Holding, assuming nothing else is changed. The correlation between historical values of Royalty Management's Net Income and Change In Working Capital 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 Income of Royalty Management Holding are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Royalty Management's Net Income and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.29 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Royalty Management financial statement analysis. It represents the amount of money remaining after all of Royalty Management Holding operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Royalty Management's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royalty Management 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Royalty Management's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 7.50 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 541.3 K in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 2.0 | 1.4M | 2.0M | 1.3M | Depreciation And Amortization | 236.6K | 28.8K | 74.0K | 90.5K |
Royalty Management fundamental ratios Correlations
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Royalty Management Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Royalty Management's price analysis, check to measure Royalty Management'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 Royalty Management is operating at the current time. Most of Royalty Management's value examination focuses on studying past and present price action to predict the probability of Royalty Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royalty Management's price. Additionally, you may evaluate how the addition of Royalty Management to your portfolios can decrease your overall portfolio volatility.