Roth Total Current Liabilities vs Net Working Capital Analysis
| ROCLW Stock | USD 0.27 0.02 8.00% |
Roth CH financial indicator trend analysis is much more than just breaking down Roth CH Acquisition prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roth CH Acquisition is a good investment. Please check the relationship between Roth CH Total Current Liabilities and its Net Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roth CH Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Current Liabilities vs Net Working Capital
Total Current Liabilities vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roth CH Acquisition Total Current Liabilities account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Roth CH's Total Current Liabilities and Net Working Capital is 0.23. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Roth CH Acquisition, assuming nothing else is changed. The correlation between historical values of Roth CH's Total Current Liabilities and Net 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 Total Current Liabilities of Roth CH Acquisition are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Liabilities i.e., Roth CH's Total Current Liabilities and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Roth CH balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Roth CH Acquisition are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Net Working Capital
Most indicators from Roth CH's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roth CH Acquisition 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 Roth CH Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. Selling General Administrative is likely to climb to about 1.9 M in 2024, whereas Tax Provision is likely to drop slightly above 451.7 K in 2024.
Roth CH fundamental ratios Correlations
Click cells to compare fundamentals
Roth CH Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Roth Stock Analysis
When running Roth CH's price analysis, check to measure Roth CH'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 Roth CH is operating at the current time. Most of Roth CH's value examination focuses on studying past and present price action to predict the probability of Roth CH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roth CH's price. Additionally, you may evaluate how the addition of Roth CH to your portfolios can decrease your overall portfolio volatility.