Roto Non Current Assets Total vs Net Receivables Analysis

ROTO Stock   316.90  1.05  0.33%   
Roto Pumps financial indicator trend analysis is much more than just breaking down Roto Pumps Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roto Pumps Limited is a good investment. Please check the relationship between Roto Pumps Non Current Assets Total and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roto Pumps Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Assets Total vs Net Receivables

Non Current Assets Total vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roto Pumps Limited Non Current Assets Total account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Roto Pumps' Non Current Assets Total and Net Receivables is 0.82. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Roto Pumps Limited, assuming nothing else is changed. The correlation between historical values of Roto Pumps' Non Current Assets Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Roto Pumps Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Assets Total i.e., Roto Pumps' Non Current Assets Total and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Net Receivables

Most indicators from Roto Pumps' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roto Pumps Limited 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 Roto Pumps Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 80.5 M in 2024, whereas Tax Provision is likely to drop slightly above 105.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense15.4M34.6M49.0M51.4M
Depreciation And Amortization64.0M86.8M128.9M135.4M

Roto Pumps fundamental ratios Correlations

0.580.530.450.520.590.580.10.590.50.590.440.670.330.630.27-0.20.550.550.411.0-0.030.460.10.76-0.24
0.580.710.760.790.990.980.120.990.880.980.890.820.510.830.31-0.080.810.990.550.590.30.850.130.820.25
0.530.710.540.90.630.80.630.620.440.780.490.90.50.730.370.140.940.630.860.530.190.790.340.480.47
0.450.760.540.790.780.66-0.230.770.80.660.830.80.220.880.33-0.010.760.80.390.460.490.84-0.210.390.3
0.520.790.90.790.740.80.320.730.630.80.680.950.260.880.41-0.040.960.760.80.520.30.910.080.460.43
0.590.990.630.780.740.940.011.00.910.950.90.790.470.840.3-0.150.750.990.470.60.290.830.060.820.19
0.580.980.80.660.80.940.30.940.791.00.790.820.550.770.29-0.040.840.930.650.590.210.810.230.820.23
0.10.120.63-0.230.320.010.30.0-0.320.28-0.280.310.280.010.280.210.36-0.010.610.1-0.20.110.470.130.23
0.590.990.620.770.731.00.940.00.910.940.90.780.460.840.3-0.150.750.990.470.60.280.830.060.830.19
0.50.880.440.80.630.910.79-0.320.910.80.990.640.390.770.11-0.130.640.920.30.510.420.77-0.070.70.17
0.590.980.780.660.80.951.00.280.940.80.80.820.550.780.29-0.040.830.940.640.60.210.80.220.830.22
0.440.890.490.830.680.90.79-0.280.90.990.80.690.420.80.12-0.070.70.930.330.440.470.84-0.020.630.32
0.670.820.90.80.950.790.820.310.780.640.820.690.420.920.450.040.960.80.710.670.320.920.150.570.41
0.330.510.50.220.260.470.550.280.460.390.550.420.420.310.010.580.510.470.120.330.250.350.560.460.43
0.630.830.730.880.880.840.770.010.840.770.780.80.920.310.37-0.120.870.850.570.630.250.940.030.550.37
0.270.310.370.330.410.30.290.280.30.110.290.120.450.010.37-0.190.360.320.350.270.230.34-0.480.290.02
-0.2-0.080.14-0.01-0.04-0.15-0.040.21-0.15-0.13-0.04-0.070.040.58-0.12-0.190.15-0.11-0.16-0.20.14-0.050.44-0.210.48
0.550.810.940.760.960.750.840.360.750.640.830.70.960.510.870.360.150.770.740.550.340.90.230.50.52
0.550.990.630.80.760.990.93-0.010.990.920.940.930.80.470.850.32-0.110.770.460.560.360.860.050.790.26
0.410.550.860.390.80.470.650.610.470.30.640.330.710.120.570.35-0.160.740.460.40.030.650.090.360.21
1.00.590.530.460.520.60.590.10.60.510.60.440.670.330.630.27-0.20.550.560.4-0.020.470.10.76-0.23
-0.030.30.190.490.30.290.21-0.20.280.420.210.470.320.250.250.230.140.340.360.03-0.020.41-0.290.030.42
0.460.850.790.840.910.830.810.110.830.770.80.840.920.350.940.34-0.050.90.860.650.470.410.080.50.53
0.10.130.34-0.210.080.060.230.470.06-0.070.22-0.020.150.560.03-0.480.440.230.050.090.1-0.290.080.130.44
0.760.820.480.390.460.820.820.130.830.70.830.630.570.460.550.29-0.210.50.790.360.760.030.50.13-0.18
-0.240.250.470.30.430.190.230.230.190.170.220.320.410.430.370.020.480.520.260.21-0.230.420.530.44-0.18
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Roto Pumps Account Relationship Matchups

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