RY Stock | | | USD 125.27 1.12 0.90% |
Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Cost Of Revenue and its Gross Profit accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. 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.
Cost Of Revenue vs Gross Profit
Cost Of Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Royal Bank Cost Of Revenue account and
Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Royal Bank's Cost Of Revenue and Gross Profit is -0.82. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Cost Of Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Royal Bank of are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Cost Of Revenue i.e., Royal Bank's Cost Of Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on Royal Bank income statement and represents the costs associated with goods and services Royal Bank provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Royal Bank of minus its cost of goods sold. It is profit before Royal Bank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Royal Bank of. 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.
At this time, Royal Bank's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 20.28 in 2024, whereas
Selling General Administrative is likely to drop slightly above 416.7
M in 2024.
Royal Bank fundamental ratios Correlations
Click cells to compare fundamentals
Royal Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Royal Bank fundamental ratios Accounts
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Additional Tools for Royal Stock Analysis
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measure Royal Bank'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 Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to
predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.