Rivalry Selling General Administrative vs Total Current Liabilities Analysis
RVLY Stock | 0.16 0.02 14.29% |
Rivalry Corp financial indicator trend analysis is much more than just breaking down Rivalry Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rivalry Corp is a good investment. Please check the relationship between Rivalry Corp Selling General Administrative and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rivalry 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 manufacturing.
Selling General Administrative vs Total Current Liabilities
Selling General Administrative vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rivalry Corp Selling General Administrative account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Rivalry Corp's Selling General Administrative and Total Current Liabilities is 0.98. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Rivalry Corp, assuming nothing else is changed. The correlation between historical values of Rivalry Corp's Selling General Administrative and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Rivalry Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Selling General Administrative i.e., Rivalry Corp's Selling General Administrative and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling General Administrative
Total Current Liabilities
Total Current Liabilities is an item on Rivalry Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Rivalry Corp 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.Most indicators from Rivalry Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rivalry 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 Rivalry 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 manufacturing. Sales General And Administrative To Revenue is likely to climb to 2.00 in 2024, whereas Selling General Administrative is likely to drop slightly above 27.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2M | 9.8M | 18.2M | 19.1M | Total Revenue | 11.1M | 9.8M | 16.2M | 10.6M |
Rivalry Corp fundamental ratios Correlations
Click cells to compare fundamentals
Rivalry Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Rivalry Stock Analysis
When running Rivalry Corp's price analysis, check to measure Rivalry Corp'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 Rivalry Corp is operating at the current time. Most of Rivalry Corp's value examination focuses on studying past and present price action to predict the probability of Rivalry Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rivalry Corp's price. Additionally, you may evaluate how the addition of Rivalry Corp to your portfolios can decrease your overall portfolio volatility.