Ritchie Depreciation vs Change To Inventory Analysis

RBA Stock

CAD 104.53 4.80 4.81%

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 Depreciation and its Change To Inventory 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.

Depreciation vs Change To Inventory

Depreciation vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Depreciation account and Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ritchie Bros' Depreciation and Change To Inventory is -0.19. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Inventory 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' Depreciation and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Ritchie Bros Auctioneers are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Depreciation i.e., Ritchie Bros' Depreciation and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

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 13th 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 Profit	822.2M	957.1M	1.8B	1.9B
Total Revenue	1.4B	1.7B	3.7B	3.9B

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ritchie Bros in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ritchie Bros' short interest history, or implied volatility extrapolated from Ritchie Bros options trading.

Currently Active Assets on Macroaxis

XERS	Xeris Pharmaceuticals
IGM	iShares Expanded Tech
QCOM	Qualcomm Incorporated
QTEC	First Trust NASDAQ 100 Technology
BA	The Boeing

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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Ritchie Stock analysis

When running Ritchie Bros' price analysis, check to measure Ritchie Bros' 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 Ritchie Bros is operating at the current time. Most of Ritchie Bros' value examination focuses on studying past and present price action to predict the probability of Ritchie Bros' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritchie Bros' price. Additionally, you may evaluate how the addition of Ritchie Bros to your portfolios can decrease your overall portfolio volatility.

	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences
	Share Portfolio Track or share privately all of your investments from the convenience of any device

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ritchie Depreciation vs Change To Inventory Analysis

Depreciation vs Change To Inventory

Depreciation vs Change To Inventory Correlation Analysis

Correlation Coefficient

Depreciation

Change To Inventory

Ritchie Bros fundamental ratios Correlations

Ritchie Bros Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ritchie Bros fundamental ratios Accounts

Currently Active Assets on Macroaxis

Complementary Tools for Ritchie Stock analysis

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