Renoworks Roe vs Pb Ratio Analysis

Stocks . Canada . 
Stock . Renoworks Software
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 Roe and its Pb Ratio 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.

Roe vs Pb Ratio

Roe vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renoworks Software Roe account and Pb Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Renoworks Software's Roe and Pb Ratio is -0.96. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Pb Ratio 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 Roe 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 Roe of Renoworks Software 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 Roe i.e., Renoworks Software's Roe and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Roe

Pb Ratio

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

Total Assets
Short Long Term Debt Total
Total Current Liabilities
Total Stockholder Equity
Property Plant And Equipment Net
Current Deferred Revenue
Net Debt
Retained Earnings
Accounts Payable
Cash
Non Current Assets Total
Non Currrent Assets Other
Cash And Short Term Investments
Net Receivables
Common Stock Shares Outstanding
Non Current Liabilities Total
Other Stockholder Equity
Total Liab
Total Current Assets
Short Term Debt
Other Current Liab
Net Tangible Assets
Long Term Debt
Inventory
Other Current Assets
Short Long Term Debt
Total Assets
-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
Short Long Term Debt Total
-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
Total Current Liabilities
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
Total Stockholder Equity
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
Property Plant And Equipment Net
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
Current Deferred Revenue
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
Net Debt
-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
Retained Earnings
-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
Accounts Payable
-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
Cash
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
Non Current Assets Total
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
Non Currrent Assets Other
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
Cash And Short Term Investments
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
Net Receivables
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
Common Stock Shares Outstanding
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
Non Current Liabilities Total
-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
Other Stockholder Equity
-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
Total Liab
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
Total Current Assets
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
Short Term Debt
-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
Other Current Liab
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
Net Tangible Assets
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
Long Term Debt
-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
Inventory
-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
Other Current Assets
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
Short Long Term Debt
-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

High Positive Relationship

Cash And Short Term Investments
+ 1.0
Cash
Total Current Assets
+ 0.98
Total Assets
Net Receivables
+ 0.93
Current Deferred Revenue
Non Current Assets Total
+ 0.91
Property Plant And Equipment Net
Other Current Liab
+ 0.89
Total Current Liabilities
Other Current Liab
+ 0.89
Current Deferred Revenue

High Negative Relationship

Net Receivables
- 0.95
Retained Earnings
Retained Earnings
- 0.95
Current Deferred Revenue
Other Current Liab
- 0.88
Retained Earnings
Short Long Term Debt
- 0.86
Net Tangible Assets
Common Stock Shares Outstanding
- 0.84
Retained Earnings
Cash And Short Term Investments
- 0.84
Net Debt

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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