RPC Accounts Payable vs Total Assets Analysis
RES Stock | USD 6.98 0.08 1.16% |
RPC financial indicator trend analysis is much more than just breaking down RPC Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RPC Inc is a good investment. Please check the relationship between RPC Accounts Payable and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPC Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Accounts Payable vs Total Assets
Accounts Payable vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RPC Inc Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between RPC's Accounts Payable and Total Assets is 0.82. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of RPC Inc, assuming nothing else is changed. The correlation between historical values of RPC's Accounts Payable 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 Accounts Payable of RPC Inc 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 Accounts Payable i.e., RPC's Accounts Payable and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents RPC obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of RPC Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Assets
Total assets refers to the total amount of RPC 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 RPC Inc 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 RPC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RPC Inc 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 RPC Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, RPC's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 3.93 in 2024, whereas Selling General Administrative is likely to drop slightly above 131.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.9M | 614K | 341K | 324.0K | Depreciation And Amortization | 72.5M | 83.7M | 108.1M | 77.5M |
RPC fundamental ratios Correlations
Click cells to compare fundamentals
RPC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RPC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 790.5M | 864.4M | 1.1B | 1.3B | 1.4B | |
Other Current Liab | 37.6M | 29.3M | 29.9M | 52.7M | 43.3M | 30.7M | |
Total Current Liabilities | 101.4M | 79.6M | 130.8M | 178.6M | 151.9M | 82.5M | |
Total Stockholder Equity | 830.3M | 631.6M | 641.8M | 857.7M | 1.0B | 1.1B | |
Property Plant And Equipment Net | 550.6M | 291.7M | 299.3M | 362.0M | 460.7M | 297.7M | |
Net Debt | (11.0M) | (54.2M) | (36.1M) | (96.2M) | (196.1M) | (186.3M) | |
Retained Earnings | 832.1M | 627.8M | 640.9M | 856.0M | 1.0B | 1.1B | |
Cash | 50.0M | 84.5M | 82.4M | 126.4M | 223.3M | 234.5M | |
Non Current Assets Total | 616.4M | 362.1M | 372.4M | 425.7M | 587.5M | 333.9M | |
Non Currrent Assets Other | 33.6M | 38.3M | 40.9M | (5.9M) | 35.4M | 19.8M | |
Cash And Short Term Investments | 50.0M | 84.5M | 82.4M | 126.4M | 223.3M | 234.5M | |
Net Receivables | 266.7M | 244.7M | 317.1M | 459.0M | 377.2M | 396.0M | |
Common Stock Shares Outstanding | 212.2M | 212.5M | 213.0M | 213.3M | 212.9M | 172.7M | |
Liabilities And Stockholders Equity | 1.1B | 790.5M | 864.4M | 1.1B | 1.3B | 1.4B | |
Non Current Liabilities Total | 121.5M | 79.4M | 91.7M | 92.7M | 140.2M | 101.5M | |
Inventory | 100.9M | 82.9M | 79.0M | 97.1M | 110.9M | 116.4M | |
Other Current Assets | 3.3M | 3.1M | 3.0M | 3.1M | 15.7M | 16.5M | |
Other Stockholder Equity | (223K) | (17.7M) | (20.7M) | (19.9M) | (17.9M) | (17.0M) | |
Total Liab | 222.9M | 158.9M | 222.6M | 271.3M | 292.0M | 184.0M | |
Property Plant And Equipment Gross | 550.6M | 291.7M | 299.3M | 362.0M | 1.3B | 1.3B | |
Total Current Assets | 436.9M | 428.4M | 492.0M | 703.3M | 727.1M | 763.4M | |
Accumulated Other Comprehensive Income | (23.2M) | (17.7M) | (20.7M) | (19.9M) | (2.4M) | (2.5M) | |
Accounts Payable | 53.1M | 41.1M | 74.4M | 115.2M | 85.0M | 54.1M | |
Common Stock Total Equity | 21.5M | 21.4M | 21.5M | 21.6M | 24.8M | 14.8M | |
Short Term Debt | 10.6M | 9.2M | 26.6M | 10.7M | 7.7M | 7.4M | |
Common Stock | 21.4M | 21.5M | 21.6M | 21.7M | 21.5M | 15.6M | |
Other Liab | 93.1M | 58.3M | 72.0M | 73.2M | 84.1M | 59.2M | |
Other Assets | 33.6M | 164.8M | 197.9M | 31.6M | 36.3M | 36.6M | |
Property Plant Equipment | 516.7M | 264.4M | 299.3M | 362.0M | 416.3M | 444.0M | |
Net Tangible Assets | 798.2M | 599.4M | 609.6M | 825.6M | 743.0M | 653.5M | |
Retained Earnings Total Equity | 947.7M | 832.1M | 627.8M | 640.9M | 737.1M | 735.9M | |
Deferred Long Term Liab | 37.3M | 13.3M | 200K | 300K | 270K | 256.5K | |
Non Current Liabilities Other | 84.2M | 66.0M | 7.1M | 5.4M | 7.8M | 7.4M | |
Cash And Equivalents | 50.0M | 84.5M | 82.4M | 126.4M | 113.8M | 78.0M | |
Net Invested Capital | 830.3M | 631.6M | 641.8M | 857.7M | 1.0B | 668.1M |
Pair Trading with RPC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RPC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RPC will appreciate offsetting losses from the drop in the long position's value.Moving together with RPC Stock
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Moving against RPC Stock
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The ability to find closely correlated positions to RPC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RPC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RPC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RPC Inc to buy it.
The correlation of RPC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RPC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPC Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RPC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPC Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the RPC Inc information on this page should be used as a complementary analysis to other RPC's 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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When running RPC's price analysis, check to measure RPC'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 RPC is operating at the current time. Most of RPC's value examination focuses on studying past and present price action to predict the probability of RPC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RPC's price. Additionally, you may evaluate how the addition of RPC to your portfolios can decrease your overall portfolio volatility.
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Is RPC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RPC. If investors know RPC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RPC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.61) | Dividend Share 0.16 | Earnings Share 0.7 | Revenue Per Share 7.149 | Quarterly Revenue Growth (0.21) |
The market value of RPC Inc is measured differently than its book value, which is the value of RPC that is recorded on the company's balance sheet. Investors also form their own opinion of RPC's value that differs from its market value or its book value, called intrinsic value, which is RPC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RPC's market value can be influenced by many factors that don't directly affect RPC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RPC's value and its price as these two are different measures arrived at by different means. Investors typically determine if RPC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RPC's 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.