Ritchie Cash vs Total Assets Analysis
RBA Stock | CAD 97.35 0.88 0.90% |
Ritchie Bros financial indicator trend analysis is much more than just breaking down Ritchie Bros Auctioneers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ritchie Bros Auctioneers is a good investment. Please check the relationship between Ritchie Bros Cash and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ritchie Bros Auctioneers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Cash account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ritchie Bros' Cash and Total Assets is 0.74. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ritchie Bros Auctioneers, assuming nothing else is changed. The correlation between historical values of Ritchie Bros' Cash 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 Cash of Ritchie Bros Auctioneers 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 Cash i.e., Ritchie Bros' Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Ritchie Bros Auctioneers, which is listed under current asset account on Ritchie Bros Auctioneers balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ritchie Bros customers. The amounts must be unrestricted with restricted cash listed in a different Ritchie Bros account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Assets
Total assets refers to the total amount of Ritchie Bros 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 Ritchie Bros Auctioneers 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 Ritchie Bros' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ritchie Bros Auctioneers 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 Ritchie Bros Auctioneers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Ritchie Bros' Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Issuance Of Capital Stock is likely to grow to about 393.3 M, while Tax Provision is likely to drop about 50.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 822.2M | 957.1M | 1.3B | 1.4B | Total Revenue | 1.4B | 1.7B | 2.8B | 2.9B |
Ritchie Bros fundamental ratios Correlations
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Ritchie Bros Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ritchie Bros fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2B | 2.4B | 3.6B | 2.9B | 9.1B | 9.5B | |
Short Long Term Debt Total | 650.2M | 665.8M | 1.7B | 610.6M | 702.2M | 737.3M | |
Other Current Liab | 284.0M | 231.3M | 298.5M | 467.0M | 537.1M | 563.9M | |
Total Current Liabilities | 501.3M | 514.6M | 588.4M | 795.3M | 1.0B | 1.1B | |
Total Stockholder Equity | 901.8M | 1.0B | 1.1B | 1.3B | 3.8B | 4.0B | |
Property Plant And Equipment Net | 484.5M | 492.1M | 449.1M | 459.1M | 2.0B | 2.1B | |
Net Debt | 290.5M | 387.0M | 1.4B | 116.3M | 1.9B | 2.0B | |
Retained Earnings | 714.1M | 791.9M | 839.6M | 1.0B | 692.4M | 459.2M | |
Accounts Payable | 194.3M | 243.8M | 280.3M | 294.8M | 104.7M | 93.3M | |
Cash | 359.7M | 278.8M | 326.1M | 494.3M | 434.3M | 456.1M | |
Non Current Assets Total | 1.5B | 1.8B | 2.8B | 1.9B | 7.7B | 8.1B | |
Cash And Short Term Investments | 359.7M | 278.8M | 326.1M | 494.3M | 568.5M | 596.9M | |
Net Receivables | 144.2M | 136.3M | 166.4M | 185.8M | 238.1M | 250.0M | |
Common Stock Shares Outstanding | 109.8M | 110.3M | 111.4M | 111.9M | 182.8M | 118.2M | |
Liabilities And Stockholders Equity | 2.2B | 2.4B | 3.6B | 2.9B | 3.3B | 3.5B | |
Non Current Liabilities Total | 821.2M | 824.6M | 1.9B | 778.4M | 4.3B | 4.5B | |
Inventory | 65.0M | 86.3M | 102.5M | 103.1M | 125.5M | 131.8M | |
Other Current Assets | 50.2M | 27.3M | 64.3M | 48.3M | 55.6M | 33.5M | |
Other Stockholder Equity | 52.1M | 49.2M | 59.5M | 85.3M | 98.1M | 60.6M | |
Total Liab | 1.3B | 1.3B | 2.5B | 1.6B | 5.3B | 5.5B | |
Property Plant And Equipment Gross | 600.7M | 608.6M | 449.1M | 459.1M | 2.4B | 2.5B | |
Total Current Assets | 679.6M | 556.8M | 762.2M | 963.1M | 1.4B | 1.4B | |
Accumulated Other Comprehensive Income | (59.1M) | (34.3M) | (56.0M) | (85.1M) | (76.6M) | (72.8M) | |
Non Currrent Assets Other | 141.4M | 147.6M | 1.1B | 163.4M | 11.9M | 11.3M | |
Intangible Assets | 233.4M | 300.9M | 350.5M | 322.7M | 2.2B | 2.3B | |
Common Stock Total Equity | 138.6M | 181.8M | 194.8M | 200.5M | 230.5M | 134.8M | |
Common Stock | 194.8M | 200.5M | 227.5M | 246.3M | 283.2M | 150.5M | |
Short Term Debt | 23.0M | 39.5M | 9.6M | 33.5M | 38.5M | 23.8M | |
Good Will | 672.3M | 840.6M | 947.7M | 948.8M | 3.4B | 3.6B | |
Other Liab | 66.3M | 68.3M | 75.6M | 74.0M | 85.1M | 67.3M | |
Net Tangible Assets | (8.7M) | (140.3M) | (232.4M) | 14.1M | 12.6M | 12.0M | |
Other Assets | 39.2M | 44.6M | 969.0M | 22.6M | 26.0M | 24.7M | |
Long Term Debt | 627.2M | 626.3M | 1.7B | 577.1M | 2.3B | 2.4B | |
Long Term Investments | 4.0M | 4.3M | 0.0 | 1.5M | 9.7M | 5.0M | |
Short Long Term Debt | 23.0M | 39.5M | 9.6M | 33.5M | 21.0M | 40.1M | |
Property Plant Equipment | 595.8M | 602.7M | 558.7M | 582.1M | 669.4M | 611.5M | |
Deferred Long Term Liab | 1.4M | 2.3M | 5.2M | 3.9M | 3.5M | 3.3M | |
Long Term Debt Total | 643.5M | 643.4M | 1.7B | 592.5M | 681.3M | 796.1M | |
Capital Surpluse | 52.1M | 49.2M | 59.5M | 85.3M | 98.1M | 54.9M | |
Non Current Liabilities Other | 3.3M | 3.4M | 4.5M | 4.1M | 34.1M | 35.8M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ritchie Bros Auctioneers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Ritchie Bros Auctioneers information on this page should be used as a complementary analysis to other Ritchie Bros' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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