Renoworks Net Receivables vs Total Revenue Analysis

RW Stock  CAD 0.30  0.01  3.23%   
Renoworks Software financial indicator trend analysis is much more than just breaking down Renoworks Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renoworks Software is a good investment. Please check the relationship between Renoworks Software Net Receivables and its Total Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renoworks Software. 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 Receivables vs Total Revenue

Net Receivables vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renoworks Software Net Receivables account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Renoworks Software's Net Receivables and Total Revenue is 0.94. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Renoworks Software, assuming nothing else is changed. The correlation between historical values of Renoworks Software's Net Receivables and Total Revenue 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 Receivables of Renoworks Software are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Receivables i.e., Renoworks Software's Net Receivables and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Total Revenue

Total revenue comprises all receipts Renoworks Software generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Renoworks Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renoworks Software 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 Renoworks Software. 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.
At this time, Renoworks Software's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 4.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.8 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue5.6M5.9M6.3M6.6M
Depreciation And Amortization96.6K81.4K27.1K42.0K

Renoworks Software fundamental ratios Correlations

-0.040.620.620.330.53-0.7-0.64-0.040.80.590.130.80.640.74-0.08-0.750.750.98-0.270.720.84-0.65-0.020.53-0.73
-0.04-0.08-0.150.460.070.34-0.18-0.4-0.060.390.4-0.060.070.160.680.120.07-0.130.020.10.010.27-0.06-0.38-0.12
0.62-0.08-0.10.020.86-0.54-0.790.410.270.26-0.060.270.860.62-0.25-0.310.840.63-0.640.890.58-0.42-0.580.43-0.45
0.62-0.15-0.10.32-0.04-0.6-0.1-0.540.80.380.070.80.040.22-0.08-0.69-0.050.610.060.160.66-0.540.20.35-0.56
0.330.460.020.320.17-0.09-0.27-0.190.330.910.710.330.180.150.5-0.330.160.170.040.270.21-0.030.03-0.13-0.27
0.530.070.86-0.040.17-0.69-0.950.350.440.440.030.440.930.68-0.08-0.270.680.49-0.810.890.61-0.39-0.680.18-0.51
-0.70.34-0.54-0.6-0.09-0.690.68-0.02-0.84-0.370.12-0.84-0.63-0.530.330.6-0.37-0.690.61-0.68-0.830.660.41-0.380.65
-0.64-0.18-0.79-0.1-0.27-0.950.68-0.2-0.54-0.53-0.17-0.54-0.95-0.840.00.45-0.7-0.590.74-0.88-0.680.540.56-0.290.66
-0.04-0.40.41-0.54-0.190.35-0.02-0.2-0.19-0.06-0.2-0.190.360.19-0.350.290.41-0.03-0.140.09-0.170.2-0.07-0.180.26
0.8-0.060.270.80.330.44-0.84-0.54-0.190.590.091.00.450.6-0.07-0.670.340.76-0.220.490.85-0.59-0.010.22-0.69
0.590.390.260.380.910.44-0.37-0.53-0.060.590.560.590.450.430.38-0.440.430.44-0.130.510.45-0.19-0.02-0.08-0.43
0.130.4-0.060.070.710.030.12-0.17-0.20.090.560.090.00.20.52-0.270.110.020.150.07-0.02-0.140.110.1-0.24
0.8-0.060.270.80.330.44-0.84-0.54-0.191.00.590.090.450.6-0.07-0.670.340.76-0.220.490.85-0.59-0.010.22-0.69
0.640.070.860.040.180.93-0.63-0.950.360.450.450.00.450.82-0.06-0.350.760.61-0.680.860.64-0.48-0.50.27-0.59
0.740.160.620.220.150.68-0.53-0.840.190.60.430.20.60.820.0-0.530.760.73-0.370.630.66-0.6-0.110.36-0.69
-0.080.68-0.25-0.080.5-0.080.330.0-0.35-0.070.380.52-0.07-0.060.00.0-0.04-0.180.2-0.01-0.120.080.07-0.28-0.13
-0.750.12-0.31-0.69-0.33-0.270.60.450.29-0.67-0.44-0.27-0.67-0.35-0.530.0-0.37-0.740.17-0.49-0.720.820.04-0.610.76
0.750.070.84-0.050.160.68-0.37-0.70.410.340.430.110.340.760.76-0.04-0.370.75-0.380.770.5-0.36-0.150.37-0.45
0.98-0.130.630.610.170.49-0.69-0.59-0.030.760.440.020.760.610.73-0.18-0.740.75-0.280.690.84-0.68-0.010.6-0.72
-0.270.02-0.640.060.04-0.810.610.74-0.14-0.22-0.130.15-0.22-0.68-0.370.20.17-0.38-0.28-0.74-0.420.280.77-0.240.36
0.720.10.890.160.270.89-0.68-0.880.090.490.510.070.490.860.63-0.01-0.490.770.69-0.740.71-0.53-0.620.42-0.63
0.840.010.580.660.210.61-0.83-0.68-0.170.850.45-0.020.850.640.66-0.12-0.720.50.84-0.420.71-0.68-0.330.38-0.86
-0.650.27-0.42-0.54-0.03-0.390.660.540.2-0.59-0.19-0.14-0.59-0.48-0.60.080.82-0.36-0.680.28-0.53-0.680.24-0.780.81
-0.02-0.06-0.580.20.03-0.680.410.56-0.07-0.01-0.020.11-0.01-0.5-0.110.070.04-0.15-0.010.77-0.62-0.330.24-0.180.27
0.53-0.380.430.35-0.130.18-0.38-0.29-0.180.22-0.080.10.220.270.36-0.28-0.610.370.6-0.240.420.38-0.78-0.18-0.47
-0.73-0.12-0.45-0.56-0.27-0.510.650.660.26-0.69-0.43-0.24-0.69-0.59-0.69-0.130.76-0.45-0.720.36-0.63-0.860.810.27-0.47
Click cells to compare fundamentals

Renoworks Software Account Relationship Matchups

Renoworks Software fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4M1.5M2.2M1.8M1.7M960.1K
Short Long Term Debt Total222.0K537.1K466.5K297.4K342.0K343.5K
Total Current Liabilities926.9K986.2K1.4M1.4M1.7M1.8M
Total Stockholder Equity(10.9K)203.6K571.8K232.7K(195.2K)(205.0K)
Property Plant And Equipment Net274.9K192.7K141.5K91.7K71.6K91.1K
Current Deferred Revenue755.1K711.7K1.2M1.3M1.5M1.6M
Net Debt36.3K(57.0K)(892.0K)(704.1K)(645.5K)(613.3K)
Retained Earnings(7.9M)(7.8M)(8.4M)(9.7M)(10.2M)(9.7M)
Accounts Payable69.5K152.3K167.4K142.3K234.6K125.5K
Cash500.8K523.6K1.2M704.1K645.5K381.5K
Non Current Assets Total352.0K271.9K313.2K187.4K174.1K121.4K
Non Currrent Assets Other49.0K62.7K352.0K(1.0)(1.15)(1.09)
Cash And Short Term Investments500.8K523.6K1.2M704.1K645.5K381.5K
Net Receivables496.4K717.4K691.3K845.4K785.2K824.5K
Common Stock Shares Outstanding35.3M36.8M37.8M40.2M40.7M28.9M
Liabilities And Stockholders Equity1.4M1.5M2.2M1.8M1.7M960.1K
Non Current Liabilities Total471.5K344.4K212.1K161.9K141.0K255.0K
Other Stockholder Equity969.5K1.1M996.1K1.2M1.2M2.3M
Total Liab1.4M1.3M1.6M1.6M1.9M1.1M
Total Current Assets1.0M1.3M1.9M1.6M1.5M838.7K
Short Term Debt102.3K122.1K85.3K(1.3M)(1.5M)(1.4M)
Other Current Liab755.1K711.7K1.2M1.3M1.5M1.6M
Net Tangible Assets(10.9K)203.6K571.8K232.7K267.6K281.0K
Long Term Debt69.7K264.0K259.1K212.1K190.8K180.3K
Other Current Assets38.4K21.3K20.2K51.9K67.9K53.4K
Short Long Term Debt85.6K108.5K33.2K36.7K33.0K31.4K
Property Plant Equipment274.9K192.7K141.5K91.7K105.4K104.6K
Other Liab264.0K259.1K212.1K161.9K145.7K197.1K
Other Assets77.1K79.2K171.6K95.8K1.00.95
Deferred Long Term Liab62.7K77.1K79.2K114.6K131.8K92.6K
Net Invested Capital286.3K499.4K783.8K232.7K(195.2K)(185.4K)
Net Working Capital108.6K276.1K470.6K207.2K(228.4K)(216.9K)

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