Ritchie Common Stock vs Total Current Liabilities 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 Common Stock and its Total Current Liabilities 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.

Common Stock vs Total Current Liabilities

Common Stock vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Common Stock account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ritchie Bros' Common Stock and Total Current Liabilities is 0.77. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Liabilities 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' Common Stock and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Ritchie Bros Auctioneers are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock i.e., Ritchie Bros' Common Stock and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock

Total Current Liabilities

Total Current Liabilities is an item on Ritchie Bros balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ritchie Bros Auctioneers are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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

Gross Profit Total Revenue

Ritchie Bros fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Intangible Assets	Common Stock Total Equity	Common Stock	Short Term Debt
Total Assets		0.43	0.89	0.92	0.99	0.93	0.93	0.2	0.21	0.74	1.0	0.88	0.89	0.75	0.99	0.78	0.03	0.38	1.0	0.94	0.95	0.03	0.98	0.48	0.58	0.11
Short Long Term Debt Total	0.43		0.52	0.53	0.31	0.16	0.67	0.56	0.66	0.54	0.41	0.48	0.6	0.29	0.49	0.56	0.38	0.18	0.51	0.17	0.51	0.78	0.3	0.63	0.62	-0.18
Other Current Liab	0.89	0.52		0.99	0.87	0.75	0.78	0.52	0.46	0.95	0.87	0.98	0.97	0.69	0.85	0.86	0.19	0.36	0.89	0.76	0.98	0.06	0.83	0.67	0.76	0.21
Total Current Liabilities	0.92	0.53	0.99		0.91	0.79	0.82	0.5	0.5	0.92	0.9	0.98	0.98	0.71	0.89	0.89	0.11	0.42	0.92	0.8	0.99	0.09	0.87	0.69	0.77	0.2
Total Stockholder Equity	0.99	0.31	0.87	0.91		0.97	0.87	0.17	0.14	0.73	0.99	0.87	0.87	0.76	0.97	0.76	-0.01	0.39	0.97	0.97	0.93	-0.09	0.99	0.44	0.54	0.16
Property Plant And Equipment Net	0.93	0.16	0.75	0.79	0.97		0.8	0.05	-0.07	0.59	0.94	0.76	0.76	0.76	0.91	0.66	-0.04	0.38	0.9	1.0	0.83	-0.2	0.95	0.29	0.38	0.18
Net Debt	0.93	0.67	0.78	0.82	0.87	0.8		0.16	0.25	0.62	0.93	0.75	0.82	0.66	0.96	0.73	0.13	0.32	0.96	0.81	0.84	0.3	0.89	0.47	0.55	-0.06
Retained Earnings	0.2	0.56	0.52	0.5	0.17	0.05	0.16		0.76	0.71	0.15	0.55	0.55	0.4	0.15	0.55	0.39	0.33	0.21	0.04	0.46	0.39	0.05	0.83	0.8	0.28
Accounts Payable	0.21	0.66	0.46	0.5	0.14	-0.07	0.25	0.76		0.6	0.17	0.46	0.54	0.15	0.2	0.53	0.02	0.41	0.25	-0.04	0.41	0.52	0.08	0.75	0.74	-0.06
Cash	0.74	0.54	0.95	0.92	0.73	0.59	0.62	0.71	0.6		0.71	0.97	0.92	0.61	0.69	0.79	0.19	0.32	0.74	0.6	0.91	0.15	0.65	0.75	0.81	0.22
Non Current Assets Total	1.0	0.41	0.87	0.9	0.99	0.94	0.93	0.15	0.17	0.71		0.86	0.87	0.75	0.99	0.76	0.01	0.37	0.99	0.95	0.93	0.02	0.99	0.45	0.55	0.09
Cash And Short Term Investments	0.88	0.48	0.98	0.98	0.87	0.76	0.75	0.55	0.46	0.97	0.86		0.96	0.7	0.84	0.82	0.13	0.35	0.88	0.78	0.98	0.06	0.82	0.68	0.76	0.21
Net Receivables	0.89	0.6	0.97	0.98	0.87	0.76	0.82	0.55	0.54	0.92	0.87	0.96		0.71	0.87	0.92	0.13	0.47	0.9	0.77	0.97	0.13	0.82	0.74	0.8	0.14
Common Stock Shares Outstanding	0.75	0.29	0.69	0.71	0.76	0.76	0.66	0.4	0.15	0.61	0.75	0.7	0.71		0.72	0.63	0.18	0.48	0.73	0.76	0.74	-0.04	0.72	0.67	0.73	0.32
Non Current Liabilities Total	0.99	0.49	0.85	0.89	0.97	0.91	0.96	0.15	0.2	0.69	0.99	0.84	0.87	0.72		0.75	0.04	0.35	1.0	0.92	0.92	0.1	0.98	0.46	0.55	0.04
Inventory	0.78	0.56	0.86	0.89	0.76	0.66	0.73	0.55	0.53	0.79	0.76	0.82	0.92	0.63	0.75		0.23	0.46	0.79	0.66	0.88	0.13	0.71	0.74	0.77	0.29
Other Current Assets	0.03	0.38	0.19	0.11	-0.01	-0.04	0.13	0.39	0.02	0.19	0.01	0.13	0.13	0.18	0.04	0.23		-0.07	0.06	-0.06	0.15	0.18	-0.03	0.32	0.25	0.32
Other Stockholder Equity	0.38	0.18	0.36	0.42	0.39	0.38	0.32	0.33	0.41	0.32	0.37	0.35	0.47	0.48	0.35	0.46	-0.07		0.37	0.37	0.4	-0.01	0.35	0.42	0.48	-0.12
Total Liab	1.0	0.51	0.89	0.92	0.97	0.9	0.96	0.21	0.25	0.74	0.99	0.88	0.9	0.73	1.0	0.79	0.06	0.37		0.91	0.94	0.1	0.97	0.5	0.6	0.07
Property Plant And Equipment Gross	0.94	0.17	0.76	0.8	0.97	1.0	0.81	0.04	-0.04	0.6	0.95	0.78	0.77	0.76	0.92	0.66	-0.06	0.37	0.91		0.84	-0.2	0.96	0.31	0.4	0.17
Total Current Assets	0.95	0.51	0.98	0.99	0.93	0.83	0.84	0.46	0.41	0.91	0.93	0.98	0.97	0.74	0.92	0.88	0.15	0.4	0.94	0.84		0.07	0.89	0.65	0.74	0.19
Non Currrent Assets Other	0.03	0.78	0.06	0.09	-0.09	-0.2	0.3	0.39	0.52	0.15	0.02	0.06	0.13	-0.04	0.1	0.13	0.18	-0.01	0.1	-0.2	0.07		-0.11	0.31	0.31	-0.34
Intangible Assets	0.98	0.3	0.83	0.87	0.99	0.95	0.89	0.05	0.08	0.65	0.99	0.82	0.82	0.72	0.98	0.71	-0.03	0.35	0.97	0.96	0.89	-0.11		0.37	0.48	0.11
Common Stock Total Equity	0.48	0.63	0.67	0.69	0.44	0.29	0.47	0.83	0.75	0.75	0.45	0.68	0.74	0.67	0.46	0.74	0.32	0.42	0.5	0.31	0.65	0.31	0.37		0.97	0.23
Common Stock	0.58	0.62	0.76	0.77	0.54	0.38	0.55	0.8	0.74	0.81	0.55	0.76	0.8	0.73	0.55	0.77	0.25	0.48	0.6	0.4	0.74	0.31	0.48	0.97		0.21
Short Term Debt	0.11	-0.18	0.21	0.2	0.16	0.18	-0.06	0.28	-0.06	0.22	0.09	0.21	0.14	0.32	0.04	0.29	0.32	-0.12	0.07	0.17	0.19	-0.34	0.11	0.23	0.21

Click cells to compare fundamentals

Ritchie Bros Account Relationship Matchups

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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global 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.

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Ritchie Common Stock vs Total Current Liabilities Analysis

Common Stock vs Total Current Liabilities

Common Stock vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Common Stock

Total Current Liabilities

Ritchie Bros fundamental ratios Correlations

Ritchie Bros Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ritchie Bros fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Short Term Debt	- 0.34	Non Currrent Assets Other
Non Currrent Assets Other	- 0.2	Property Plant And Equipment Gross
Non Currrent Assets Other	- 0.2	Property Plant And Equipment Net
Short Term Debt	- 0.18	Short Long Term Debt Total
Short Term Debt	- 0.12	Other Stockholder Equity
Intangible Assets	- 0.11	Non Currrent Assets Other