Ritchie Change To Account Receivables vs Depreciation Analysis

RBA Stock  CAD 104.70  0.62  0.60%   
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 Change To Account Receivables and its Depreciation 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.

Change To Account Receivables vs Depreciation

Change To Account Receivables vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Change To Account Receivables account and Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Ritchie Bros' Change To Account Receivables and Depreciation is -0.88. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Depreciation 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' Change To Account Receivables and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Ritchie Bros Auctioneers are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Account Receivables i.e., Ritchie Bros' Change To Account Receivables and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.88
Relationship DirectionNegative 
Relationship StrengthSignificant

Change To Account Receivables

Depreciation

Depreciation indicates how much of Ritchie Bros Auctioneers value has been used up. For tax purposes Ritchie Bros can deduct the cost of the tangible assets it purchases as business expenses. However, Ritchie Bros Auctioneers must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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 28th of May 2024, Issuance Of Capital Stock is likely to grow to about 393.3 M, while Tax Provision is likely to drop about 52.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit822.2M957.1M1.8B1.9B
Total Revenue1.4B1.7B3.7B3.9B

Ritchie Bros fundamental ratios Correlations

0.430.890.920.990.930.930.20.210.741.00.880.890.750.990.780.030.381.00.940.950.030.980.480.580.11
0.430.520.530.310.160.670.560.660.540.410.480.60.290.490.560.380.180.510.170.510.780.30.630.62-0.18
0.890.520.990.870.750.780.520.460.950.870.980.970.690.850.860.190.360.890.760.980.060.830.670.760.21
0.920.530.990.910.790.820.50.50.920.90.980.980.710.890.890.110.420.920.80.990.090.870.690.770.2
0.990.310.870.910.970.870.170.140.730.990.870.870.760.970.76-0.010.390.970.970.93-0.090.990.440.540.16
0.930.160.750.790.970.80.05-0.070.590.940.760.760.760.910.66-0.040.380.91.00.83-0.20.950.290.380.18
0.930.670.780.820.870.80.160.250.620.930.750.820.660.960.730.130.320.960.810.840.30.890.470.55-0.06
0.20.560.520.50.170.050.160.760.710.150.550.550.40.150.550.390.330.210.040.460.390.050.830.80.28
0.210.660.460.50.14-0.070.250.760.60.170.460.540.150.20.530.020.410.25-0.040.410.520.080.750.74-0.06
0.740.540.950.920.730.590.620.710.60.710.970.920.610.690.790.190.320.740.60.910.150.650.750.810.22
1.00.410.870.90.990.940.930.150.170.710.860.870.750.990.760.010.370.990.950.930.020.990.450.550.09
0.880.480.980.980.870.760.750.550.460.970.860.960.70.840.820.130.350.880.780.980.060.820.680.760.21
0.890.60.970.980.870.760.820.550.540.920.870.960.710.870.920.130.470.90.770.970.130.820.740.80.14
0.750.290.690.710.760.760.660.40.150.610.750.70.710.720.630.180.480.730.760.74-0.040.720.670.730.32
0.990.490.850.890.970.910.960.150.20.690.990.840.870.720.750.040.351.00.920.920.10.980.460.550.04
0.780.560.860.890.760.660.730.550.530.790.760.820.920.630.750.230.460.790.660.880.130.710.740.770.29
0.030.380.190.11-0.01-0.040.130.390.020.190.010.130.130.180.040.23-0.070.06-0.060.150.18-0.030.320.250.32
0.380.180.360.420.390.380.320.330.410.320.370.350.470.480.350.46-0.070.370.370.4-0.010.350.420.48-0.12
1.00.510.890.920.970.90.960.210.250.740.990.880.90.731.00.790.060.370.910.940.10.970.50.60.07
0.940.170.760.80.971.00.810.04-0.040.60.950.780.770.760.920.66-0.060.370.910.84-0.20.960.310.40.17
0.950.510.980.990.930.830.840.460.410.910.930.980.970.740.920.880.150.40.940.840.070.890.650.740.19
0.030.780.060.09-0.09-0.20.30.390.520.150.020.060.13-0.040.10.130.18-0.010.1-0.20.07-0.110.310.31-0.34
0.980.30.830.870.990.950.890.050.080.650.990.820.820.720.980.71-0.030.350.970.960.89-0.110.370.480.11
0.480.630.670.690.440.290.470.830.750.750.450.680.740.670.460.740.320.420.50.310.650.310.370.970.23
0.580.620.760.770.540.380.550.80.740.810.550.760.80.730.550.770.250.480.60.40.740.310.480.970.21
0.11-0.180.210.20.160.18-0.060.28-0.060.220.090.210.140.320.040.290.32-0.120.070.170.19-0.340.110.230.21
Click cells to compare fundamentals

Ritchie Bros Account Relationship Matchups

Ritchie Bros fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B2.4B3.6B2.9B9.1B9.5B
Short Long Term Debt Total650.2M665.8M1.7B610.6M702.2M737.3M
Other Current Liab284.0M231.3M298.5M467.0M537.1M563.9M
Total Current Liabilities501.3M514.6M588.4M795.3M1.0B1.1B
Total Stockholder Equity901.8M1.0B1.1B1.3B3.8B4.0B
Property Plant And Equipment Net484.5M492.1M449.1M459.1M2.0B2.1B
Net Debt290.5M387.0M1.4B116.3M1.9B2.0B
Retained Earnings714.1M791.9M839.6M1.0B692.4M459.2M
Accounts Payable194.3M243.8M280.3M294.8M104.7M93.3M
Cash359.7M278.8M326.1M494.3M434.3M456.1M
Non Current Assets Total1.5B1.8B2.8B1.9B7.7B8.1B
Cash And Short Term Investments359.7M278.8M326.1M494.3M568.5M596.9M
Net Receivables144.2M136.3M166.4M185.8M238.1M250.0M
Common Stock Shares Outstanding109.8M110.3M111.4M111.9M182.8M118.2M
Liabilities And Stockholders Equity2.2B2.4B3.6B2.9B3.3B3.5B
Non Current Liabilities Total821.2M824.6M1.9B778.4M4.3B4.5B
Inventory65.0M86.3M102.5M103.1M125.5M131.8M
Other Current Assets50.2M27.3M64.3M48.3M55.6M33.5M
Other Stockholder Equity52.1M49.2M59.5M85.3M98.1M60.6M
Total Liab1.3B1.3B2.5B1.6B5.3B5.5B
Property Plant And Equipment Gross600.7M608.6M449.1M459.1M2.4B2.5B
Total Current Assets679.6M556.8M762.2M963.1M1.4B1.4B
Accumulated Other Comprehensive Income(59.1M)(34.3M)(56.0M)(85.1M)(76.6M)(72.8M)
Non Currrent Assets Other141.4M147.6M1.1B163.4M11.9M11.3M
Intangible Assets233.4M300.9M350.5M322.7M2.2B2.3B
Common Stock Total Equity138.6M181.8M194.8M200.5M230.5M134.8M
Common Stock194.8M200.5M227.5M246.3M283.2M150.5M
Short Term Debt23.0M39.5M9.6M33.5M38.5M23.8M
Good Will672.3M840.6M947.7M948.8M3.4B3.6B
Other Liab66.3M68.3M75.6M74.0M85.1M67.3M
Net Tangible Assets(8.7M)(140.3M)(232.4M)14.1M12.6M12.0M
Other Assets39.2M44.6M969.0M22.6M26.0M24.7M
Long Term Debt627.2M626.3M1.7B577.1M2.3B2.4B
Long Term Investments4.0M4.3M0.01.5M9.7M5.0M
Short Long Term Debt23.0M39.5M9.6M33.5M21.0M40.1M
Property Plant Equipment595.8M602.7M558.7M582.1M669.4M611.5M
Deferred Long Term Liab1.4M2.3M5.2M3.9M3.5M3.3M
Long Term Debt Total643.5M643.4M1.7B592.5M681.3M796.1M
Capital Surpluse52.1M49.2M59.5M85.3M98.1M54.9M
Non Current Liabilities Other3.3M3.4M4.5M4.1M34.1M35.8M

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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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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Please note, there is a significant difference between Ritchie Bros' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ritchie Bros is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ritchie Bros' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.