Rockridge Property Plant Equipment vs Operating Income Analysis
ROCK Stock | CAD 0.01 0.01 25.00% |
Rockridge Resources financial indicator trend analysis is much more than just breaking down Rockridge Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rockridge Resources is a good investment. Please check the relationship between Rockridge Resources Property Plant Equipment and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rockridge Resources. 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.
Property Plant Equipment vs Operating Income
Property Plant Equipment vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockridge Resources Property Plant Equipment account and Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Rockridge Resources' Property Plant Equipment and Operating Income is -0.72. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Operating Income in the same time period over historical financial statements of Rockridge Resources, assuming nothing else is changed. The correlation between historical values of Rockridge Resources' Property Plant Equipment and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Rockridge Resources are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Property Plant Equipment i.e., Rockridge Resources' Property Plant Equipment and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.72 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Property Plant Equipment
Operating Income
Operating Income is the amount of profit realized from Rockridge Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Rockridge Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Rockridge Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rockridge Resources 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 Rockridge Resources. 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. At this time, Rockridge Resources' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (3.28) in 2024.
Rockridge Resources fundamental ratios Correlations
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Rockridge Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rockridge Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.3M | 5.4M | 6.7M | 7.0M | 8.0M | 8.4M | |
Other Current Liab | 32.8K | 13.1K | 62.3K | 92.2K | 106.0K | 111.3K | |
Total Current Liabilities | 100.3K | 16.7K | 66.5K | 209.9K | 241.4K | 253.5K | |
Total Stockholder Equity | 4.2M | 5.4M | 6.6M | 6.7M | 7.8M | 8.1M | |
Net Tangible Assets | 2.6M | 4.2M | 5.4M | 6.6M | 7.6M | 8.0M | |
Net Debt | (1.5M) | (591.0K) | (1.0M) | (650.2K) | (585.2K) | (614.4K) | |
Retained Earnings | (2.6M) | (4.4M) | (5.5M) | (6.2M) | (5.6M) | (5.3M) | |
Cash | 1.5M | 591.0K | 1.0M | 650.2K | 747.7K | 739.7K | |
Cash And Short Term Investments | 1.5M | 591.0K | 1.0M | 650.2K | 747.7K | 739.7K | |
Liabilities And Stockholders Equity | 4.3M | 5.4M | 6.7M | 7.0M | 8.0M | 8.4M | |
Other Stockholder Equity | 451.4K | 662.0K | 934.4K | 1.1M | 1.3M | 1.3M | |
Total Liab | 100.3K | 16.7K | 66.5K | 209.9K | 241.4K | 253.5K | |
Total Current Assets | 1.8M | 845.5K | 1.4M | 958.0K | 1.1M | 972.1K | |
Common Stock | 6.2M | 8.8M | 11.0M | 11.8M | 13.6M | 14.2M | |
Property Plant And Equipment Net | 2.5M | 4.6M | 5.3M | 6.0M | 6.9M | 7.2M | |
Non Current Assets Total | 2.5M | 4.6M | 5.3M | 6.0M | 6.9M | 7.2M | |
Net Receivables | 86.4K | 120.6K | 89.8K | 84.1K | 96.7K | 79.5K | |
Common Stock Shares Outstanding | 31.5M | 60.4M | 83.3M | 105.9M | 121.8M | 127.9M | |
Other Current Assets | 214.5K | 134.0K | 321.2K | 223.7K | 257.3K | 217.1K | |
Net Invested Capital | 4.2M | 5.4M | 6.6M | 6.7M | 7.8M | 4.1M | |
Net Working Capital | 1.7M | 828.8K | 1.4M | 748.1K | 860.3K | 1.0M | |
Property Plant Equipment | 1.6M | 2.5M | 4.6M | 5.3M | 6.1M | 6.4M | |
Accounts Payable | 67.5K | 3.6K | 4.2K | 117.8K | 135.5K | 142.2K | |
Accumulated Other Comprehensive Income | 662.0K | 934.4K | 1.1M | 1.2M | 1.4M | 805.5K | |
Capital Stock | 6.2M | 8.8M | 11.0M | 11.8M | 13.6M | 7.7M |
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