Red Average Payables vs Pb Ratio Analysis

RPX Stock  CAD 0.12  0.01  7.69%   
Red Pine financial indicator trend analysis is much more than just breaking down Red Pine Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Pine Exploration is a good investment. Please check the relationship between Red Pine Average Payables and its Pb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Pine Exploration. 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.

Average Payables vs Pb Ratio

Average Payables vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Pine Exploration Average Payables account and Pb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Red Pine's Average Payables and Pb Ratio is -0.62. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Red Pine Exploration, assuming nothing else is changed. The correlation between historical values of Red Pine's Average Payables and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Red Pine Exploration are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Average Payables i.e., Red Pine's Average Payables and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Pb Ratio

Most indicators from Red Pine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Pine Exploration 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 Red Pine Exploration. 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 climb to about 2.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 10.8 M in 2024.
 2022 2023 2024 (projected)
Reconciled Depreciation327.3K376.4K207.2K
Interest Income59.1K67.9K71.3K

Red Pine fundamental ratios Correlations

0.680.390.970.72-0.62-0.370.030.560.580.520.550.310.36-0.610.370.6-0.060.320.08-0.36-0.21-0.10.380.690.25
0.680.860.520.27-0.7-0.650.40.670.05-0.010.670.240.57-0.60.870.73-0.140.52-0.28-0.17-0.060.170.610.680.53
0.390.860.180.05-0.47-0.480.620.42-0.13-0.180.430.070.37-0.290.990.50.060.58-0.19-0.02-0.110.160.410.570.35
0.970.520.180.74-0.57-0.29-0.10.530.650.60.520.30.34-0.560.150.54-0.120.190.14-0.4-0.24-0.130.340.620.18
0.720.270.050.740.020.05-0.14-0.050.870.83-0.060.14-0.04-0.530.070.00.150.180.51-0.230.11-0.19-0.010.2-0.04
-0.62-0.7-0.47-0.570.020.72-0.34-0.970.20.25-0.97-0.43-0.70.33-0.43-0.960.39-0.120.540.230.34-0.12-0.71-0.81-0.45
-0.37-0.65-0.48-0.290.050.72-0.36-0.760.320.37-0.76-0.39-0.880.43-0.5-0.810.41-0.30.64-0.030.04-0.55-0.95-0.58-0.67
0.030.40.62-0.1-0.14-0.34-0.360.3-0.31-0.340.310.180.330.10.570.280.01-0.12-0.190.05-0.310.170.30.360.11
0.560.670.420.53-0.05-0.97-0.760.3-0.2-0.251.00.360.8-0.310.390.97-0.580.11-0.55-0.17-0.320.240.80.750.45
0.580.05-0.130.650.870.20.32-0.31-0.21.0-0.21-0.23-0.12-0.29-0.15-0.230.070.050.77-0.28-0.1-0.25-0.190.03-0.34
0.52-0.01-0.180.60.830.250.37-0.34-0.251.0-0.25-0.3-0.14-0.24-0.2-0.290.060.020.79-0.25-0.08-0.24-0.22-0.03-0.38
0.550.670.430.52-0.06-0.97-0.760.311.0-0.21-0.250.360.8-0.30.40.97-0.580.1-0.54-0.16-0.320.240.80.760.44
0.310.240.070.30.14-0.43-0.390.180.36-0.23-0.30.360.09-0.550.080.490.09-0.12-0.51-0.38-0.06-0.030.220.350.63
0.360.570.370.34-0.04-0.7-0.880.330.8-0.12-0.140.80.09-0.270.350.74-0.710.11-0.39-0.03-0.260.560.970.540.42
-0.61-0.6-0.29-0.56-0.530.330.430.1-0.31-0.29-0.24-0.3-0.55-0.27-0.33-0.410.01-0.230.080.47-0.10.07-0.37-0.38-0.58
0.370.870.990.150.07-0.43-0.50.570.39-0.15-0.20.40.080.35-0.330.480.080.62-0.230.060.030.190.410.520.41
0.60.730.50.540.0-0.96-0.810.280.97-0.23-0.290.970.490.74-0.410.48-0.480.27-0.61-0.17-0.230.240.80.780.55
-0.06-0.140.06-0.120.150.390.410.01-0.580.070.06-0.580.09-0.710.010.08-0.480.090.170.060.27-0.37-0.65-0.21-0.04
0.320.520.580.190.18-0.12-0.3-0.120.110.050.020.1-0.120.11-0.230.620.270.09-0.110.180.280.150.240.250.2
0.08-0.28-0.190.140.510.540.64-0.19-0.550.770.79-0.54-0.51-0.390.08-0.23-0.610.17-0.11-0.24-0.16-0.48-0.49-0.13-0.73
-0.36-0.17-0.02-0.4-0.230.23-0.030.05-0.17-0.28-0.25-0.16-0.38-0.030.470.06-0.170.060.18-0.240.660.36-0.01-0.35-0.02
-0.21-0.06-0.11-0.240.110.340.04-0.31-0.32-0.1-0.08-0.32-0.06-0.26-0.10.03-0.230.270.28-0.160.660.05-0.13-0.370.16
-0.10.170.16-0.13-0.19-0.12-0.550.170.24-0.25-0.240.24-0.030.560.070.190.24-0.370.15-0.480.360.050.57-0.170.54
0.380.610.410.34-0.01-0.71-0.950.30.8-0.19-0.220.80.220.97-0.370.410.8-0.650.24-0.49-0.01-0.130.570.570.53
0.690.680.570.620.2-0.81-0.580.360.750.03-0.030.760.350.54-0.380.520.78-0.210.25-0.13-0.35-0.37-0.170.570.2
0.250.530.350.18-0.04-0.45-0.670.110.45-0.34-0.380.440.630.42-0.580.410.55-0.040.2-0.73-0.020.160.540.530.2
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Red Pine Account Relationship Matchups

Red Pine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5M4.3M4.4M4.2M3.8M2.7M
Other Current Liab436.1K1.6M1.6M1.1M1.2M689.1K
Total Current Liabilities527.8K1.7M1.7M1.1M1.2M662.7K
Total Stockholder Equity754.1K2.5M2.7M3.1M2.8M2.2M
Property Plant And Equipment Net357.4K279.6K411.7K137.8K124.0K117.8K
Net Debt(330.1K)(2.0M)(2.7M)(3.4M)(3.0M)(2.9M)
Retained Earnings(69.2M)(85.7M)(96.5M)(107.2M)(96.5M)(91.7M)
Accounts Payable325.2K301.3K1.5M640.3K736.3K422.4K
Cash647.9K2.2M2.8M3.4M3.9M4.1M
Non Current Assets Total375.6K612.8K726.7K452.8K407.5K387.2K
Cash And Short Term Investments650.4K2.2M2.8M3.4M3.9M4.1M
Net Receivables430.5K170.0K683.9K271.7K312.5K275.4K
Common Stock Shares Outstanding43.2M64.0M110.3M140.8M161.9M170.0M
Liabilities And Stockholders Equity1.5M4.3M4.4M4.2M3.8M2.7M
Other Stockholder Equity8.1M8.4M9.0M9.5M11.0M12.0M
Total Liab753.9K1.8M1.7M1.1M1.2M685.4K
Total Current Assets1.1M3.7M3.7M3.7M4.3M4.5M
Accumulated Other Comprehensive Income1.9M1.9M1.5M1.8M2.0M3.4M
Other Current Assets51.4K1.0M173.0K64.1K73.7K70.1K
Short Long Term Debt Total17.3K317.8K210.1K110.3K126.9K99.0K
Common Stock60.0M78.0M88.8M99.1M113.9M119.6M
Net Tangible Assets735.9K2.8M2.7M3.1M3.6M2.1M
Property Plant Equipment328.7K279.6K411.7K137.8K158.5K177.7K
Capital Lease Obligations15.9K17.3K300.5K210.1K110.3K0.0
Other Assets147.1K127.9K28.8K315K362.3K222.3K
Deferred Long Term Liab105.5K86.3K28.8K16.7K15.1K14.3K
Net Invested Capital754.1K2.5M2.7M3.1M2.8M1.9M
Net Working Capital604.6K2.0M2.0M2.7M2.4M1.6M
Capital Stock60.0M78.0M88.8M99.1M113.9M78.4M

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