RTM Net Working Capital vs Total Assets Analysis

RTM Stock

CAD 0.11 0.01 8.33%

RT Minerals financial indicator trend analysis is much more than just breaking down RT Minerals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RT Minerals Corp is a good investment. Please check the relationship between RT Minerals Net Working Capital and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RT Minerals Corp. 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.

Net Working Capital vs Total Assets

Net Working Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RT Minerals Corp Net Working Capital account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between RT Minerals' Net Working Capital and Total Assets is 0.48. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of RT Minerals Corp, assuming nothing else is changed. The correlation between historical values of RT Minerals' Net Working Capital and Total Assets 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 Working Capital of RT Minerals Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Working Capital i.e., RT Minerals' Net Working Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Working Capital

Total Assets

Total assets refers to the total amount of RT Minerals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in RT Minerals Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from RT Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RT Minerals Corp 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 RT Minerals Corp. 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 318.5 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 505.5 K in 2024.

RT Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Total Liab	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Short Term Investments	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Other Current Assets	Other Stockholder Equity
Total Assets		-0.25	0.14	0.99	0.87	-0.31	0.48	0.54	0.22	0.81	0.28	0.22	0.74	0.51	0.78	0.54	0.22	0.96	0.55	0.09	0.71	0.59	0.48	0.16	0.22	0.17
Other Current Liab	-0.25		0.29	-0.29	-0.51	0.64	-0.09	-0.43	0.33	-0.11	0.17	0.33	-0.15	-0.62	-0.54	-0.69	0.33	-0.14	-0.46	0.47	-0.27	0.27	0.25	-0.55	0.33	-0.57
Total Current Liabilities	0.14	0.29		-0.03	-0.07	-0.1	0.88	-0.07	0.01	0.12	0.98	0.01	0.18	0.07	0.06	-0.38	0.01	0.2	-0.11	0.33	0.12	0.18	-0.15	0.23	0.01	0.26
Total Stockholder Equity	0.99	-0.29	-0.03		0.88	-0.29	0.33	0.53	0.23	0.79	0.12	0.23	0.72	0.49	0.76	0.6	0.23	0.93	0.57	0.05	0.68	0.57	0.51	0.1	0.23	0.1
Net Tangible Assets	0.87	-0.51	-0.07	0.88		-0.65	0.32	0.63	-0.13	0.67	0.11	-0.13	0.71	0.8	0.95	0.77	-0.13	0.73	0.78	-0.17	0.79	0.18	0.45	0.5	-0.13	0.49
Retained Earnings	-0.31	0.64	-0.1	-0.29	-0.65		-0.36	-0.42	0.5	-0.01	-0.23	0.5	-0.28	-0.91	-0.78	-0.61	0.5	-0.16	-0.68	0.45	-0.52	0.49	0.11	-0.87	0.5	-0.87
Accounts Payable	0.48	-0.09	0.88	0.33	0.32	-0.36		0.17	-0.02	0.34	0.93	-0.02	0.42	0.38	0.41	0.04	-0.02	0.48	0.19	0.22	0.34	0.23	-0.1	0.4	-0.02	0.44
Cash	0.54	-0.43	-0.07	0.53	0.63	-0.42	0.17		-0.09	0.39	0.14	-0.09	0.32	0.52	0.67	0.35	-0.09	0.55	0.3	-0.4	0.86	0.32	0.27	0.5	-0.09	0.49
Other Assets	0.22	0.33	0.01	0.23	-0.13	0.5	-0.02	-0.09		0.23	-0.01	1.0	-0.02	-0.31	-0.17	-0.11	1.0	0.34	-0.31	0.33	-0.18	0.61	0.11	-0.54	1.0	-0.56
Net Receivables	0.81	-0.11	0.12	0.79	0.67	-0.01	0.34	0.39	0.23		0.22	0.23	0.8	0.2	0.52	0.31	0.23	0.73	0.34	0.35	0.58	0.66	0.66	-0.02	0.23	-0.05
Total Liab	0.28	0.17	0.98	0.12	0.11	-0.23	0.93	0.14	-0.01	0.22		-0.01	0.29	0.23	0.24	-0.25	-0.01	0.33	-0.01	0.26	0.32	0.23	-0.07	0.36	-0.01	0.39
Deferred Long Term Liab	0.22	0.33	0.01	0.23	-0.13	0.5	-0.02	-0.09	1.0	0.23	-0.01		-0.02	-0.31	-0.17	-0.11	1.0	0.34	-0.31	0.33	-0.18	0.61	0.11	-0.54	1.0	-0.56
Total Current Assets	0.74	-0.15	0.18	0.72	0.71	-0.28	0.42	0.32	-0.02	0.8	0.29	-0.02		0.39	0.55	0.41	-0.02	0.56	0.28	0.53	0.68	0.44	0.74	0.2	-0.02	0.18
Common Stock	0.51	-0.62	0.07	0.49	0.8	-0.91	0.38	0.52	-0.31	0.2	0.23	-0.31	0.39		0.91	0.76	-0.31	0.37	0.74	-0.37	0.61	-0.29	0.03	0.87	-0.31	0.87
Property Plant Equipment	0.78	-0.54	0.06	0.76	0.95	-0.78	0.41	0.67	-0.17	0.52	0.24	-0.17	0.55	0.91		0.73	-0.17	0.67	0.83	-0.33	0.76	0.03	0.25	0.68	-0.17	0.68
Short Long Term Debt	0.54	-0.69	-0.38	0.6	0.77	-0.61	0.04	0.35	-0.11	0.31	-0.25	-0.11	0.41	0.76	0.73		-0.11	0.36	0.68	-0.27	0.36	-0.16	0.11	0.48	-0.11	0.46
Short Term Debt	0.22	0.33	0.01	0.23	-0.13	0.5	-0.02	-0.09	1.0	0.23	-0.01	1.0	-0.02	-0.31	-0.17	-0.11		0.34	-0.31	0.33	-0.18	0.61	0.11	-0.54	1.0	-0.56
Non Current Assets Total	0.96	-0.14	0.2	0.93	0.73	-0.16	0.48	0.55	0.34	0.73	0.33	0.34	0.56	0.37	0.67	0.36	0.34		0.46	0.03	0.63	0.69	0.38	0.03	0.34	0.05
Non Currrent Assets Other	0.55	-0.46	-0.11	0.57	0.78	-0.68	0.19	0.3	-0.31	0.34	-0.01	-0.31	0.28	0.74	0.83	0.68	-0.31	0.46		-0.44	0.39	-0.26	0.11	0.5	-0.31	0.5
Short Term Investments	0.09	0.47	0.33	0.05	-0.17	0.45	0.22	-0.4	0.33	0.35	0.26	0.33	0.53	-0.37	-0.33	-0.27	0.33	0.03	-0.44		-0.08	0.47	0.53	-0.4	0.33	-0.43
Common Stock Shares Outstanding	0.71	-0.27	0.12	0.68	0.79	-0.52	0.34	0.86	-0.18	0.58	0.32	-0.18	0.68	0.61	0.76	0.36	-0.18	0.63	0.39	-0.08		0.35	0.56	0.52	-0.18	0.51
Net Invested Capital	0.59	0.27	0.18	0.57	0.18	0.49	0.23	0.32	0.61	0.66	0.23	0.61	0.44	-0.29	0.03	-0.16	0.61	0.69	-0.26	0.47	0.35		0.51	-0.46	0.61	-0.46
Net Working Capital	0.48	0.25	-0.15	0.51	0.45	0.11	-0.1	0.27	0.11	0.66	-0.07	0.11	0.74	0.03	0.25	0.11	0.11	0.38	0.11	0.53	0.56	0.51		-0.12	0.11	-0.19
Capital Stock	0.16	-0.55	0.23	0.1	0.5	-0.87	0.4	0.5	-0.54	-0.02	0.36	-0.54	0.2	0.87	0.68	0.48	-0.54	0.03	0.5	-0.4	0.52	-0.46	-0.12		-0.54	1.0
Other Current Assets	0.22	0.33	0.01	0.23	-0.13	0.5	-0.02	-0.09	1.0	0.23	-0.01	1.0	-0.02	-0.31	-0.17	-0.11	1.0	0.34	-0.31	0.33	-0.18	0.61	0.11	-0.54		-0.56
Other Stockholder Equity	0.17	-0.57	0.26	0.1	0.49	-0.87	0.44	0.49	-0.56	-0.05	0.39	-0.56	0.18	0.87	0.68	0.46	-0.56	0.05	0.5	-0.43	0.51	-0.46	-0.19	1.0	-0.56

Click cells to compare fundamentals

RT Minerals Account Relationship Matchups

RT Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4M	3.0M	1.7M	315.0K	362.2K	344.1K
Total Current Liabilities	394.8K	314.7K	571.1K	212.7K	244.6K	268.1K
Total Stockholder Equity	2.0M	2.5M	1.1M	62.2K	71.6K	68.0K
Net Tangible Assets	907.0K	2.0M	2.5M	1.1M	1.2M	1.0M
Retained Earnings	(14.5M)	(16.8M)	(17.8M)	(19.7M)	(17.8M)	(18.6M)
Accounts Payable	312.4K	302.1K	496.1K	150.1K	172.7K	200.7K
Cash	8.4K	399.8K	1.2K	93.6K	107.6K	68.5K
Net Receivables	72.5K	61.5K	6.5K	2.2K	2.5K	2.4K
Total Liab	434.8K	450.7K	611.1K	252.7K	290.6K	293.7K
Total Current Assets	830.5K	467.8K	162.5K	101.2K	116.3K	221.7K
Common Stock	13.3M	14.6M	17.2M	16.7M	19.2M	14.1M
Property Plant Equipment	1.0M	1.6M	2.5M	1.5M	1.7M	1.1M
Non Current Assets Total	1.6M	2.5M	1.5M	213.8K	245.9K	233.6K
Common Stock Shares Outstanding	39.8M	78.7M	6.0M	20.6M	23.6M	27.2M
Net Invested Capital	2.0M	2.6M	1.1M	153.0K	137.7K	130.8K
Net Working Capital	435.8K	153.1K	(408.7K)	(111.6K)	(100.4K)	(95.4K)
Capital Stock	14.6M	17.2M	16.7M	17.6M	20.3M	17.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for RTM Stock Analysis

When running RT Minerals' price analysis, check to measure RT Minerals' 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 RT Minerals is operating at the current time. Most of RT Minerals' value examination focuses on studying past and present price action to predict the probability of RT Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RT Minerals' price. Additionally, you may evaluate how the addition of RT Minerals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC