Royal Inventory Turnover vs Free Cash Flow Yield Analysis
RY Stock | CAD 148.98 0.71 0.48% |
Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Inventory Turnover and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Inventory Turnover vs Free Cash Flow Yield
Inventory Turnover vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Inventory Turnover account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.
The correlation between Royal Bank's Inventory Turnover and Free Cash Flow Yield is 0.26. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Inventory Turnover and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Royal Bank of are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Inventory Turnover i.e., Royal Bank's Inventory Turnover and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Royal Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Royal Bank's Selling General Administrative is very stable compared to the past year. As of the 2nd of June 2024, Issuance Of Capital Stock is likely to grow to about 4.8 B, while Tax Provision is likely to drop about 3.7 B.
2021 | 2023 | 2024 (projected) | Interest Expense | 18.1B | 71.1B | 74.7B | Depreciation And Amortization | 2.7B | 3.0B | 3.2B |
Royal Bank fundamental ratios Correlations
Click cells to compare fundamentals
Royal Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Royal Bank fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6T | 1.7T | 1.9T | 2.0T | 2.3T | 2.4T | |
Short Long Term Debt Total | 9.8B | 9.9B | 305.0B | 425.2B | 489.0B | 513.4B | |
Other Current Liab | (107.7B) | (90.1B) | (110.0B) | (654M) | (588.6M) | (618.0M) | |
Total Current Liabilities | 107.7B | 90.1B | 110.0B | 159.6B | 183.5B | 192.7B | |
Total Stockholder Equity | 86.7B | 98.7B | 108.1B | 117.7B | 135.3B | 142.1B | |
Property Plant And Equipment Net | 7.9B | 7.4B | 7.2B | 6.7B | 7.8B | 8.1B | |
Net Debt | (148.0B) | 111.6B | 244.8B | 301.5B | 346.7B | 364.1B | |
Retained Earnings | 59.8B | 71.8B | 78.0B | 84.3B | 97.0B | 101.8B | |
Accounts Payable | 9.5B | 10.5B | 17.3B | 20.6B | 23.7B | 24.9B | |
Cash | 157.9B | 193.5B | 180.4B | 133.1B | 153.0B | 160.7B | |
Non Current Assets Total | 268.1B | 299.8B | 308.1B | 344.5B | 396.2B | 416.0B | |
Non Currrent Assets Other | (268.1B) | (299.8B) | (308.1B) | (344.5B) | (310.1B) | (294.6B) | |
Cash And Short Term Investments | 167.1B | 297.6B | 231.0B | 240.6B | 276.7B | 290.5B | |
Net Receivables | 18.6B | 22.5B | 26.2B | 12.1B | 14.0B | 11.9B | |
Common Stock Shares Outstanding | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 1.5B | |
Liabilities And Stockholders Equity | 1.4T | 1.6T | 1.7T | 1.9T | 2.2T | 2.3T | |
Non Current Liabilities Total | 12.5B | 12.9B | 209.1B | 159.6B | 183.5B | 192.7B | |
Other Current Assets | 89.7B | 102.2B | 108.2B | 129.6B | 116.6B | 123.2B | |
Other Stockholder Equity | 4.2B | (132M) | 2.4B | 5.4B | 4.8B | 5.1B | |
Total Liab | 1.5T | 1.6T | 1.8T | 1.9T | 2.2T | 2.3T | |
Property Plant And Equipment Gross | 7.9B | 15.1B | 12.4B | 12.8B | 14.8B | 15.5B | |
Total Current Assets | 186.9B | 316.3B | 253.6B | 266.8B | 306.9B | 322.2B | |
Other Assets | 974.0B | 1.0T | 1.1T | 1.3T | 1.5T | 1.6T | |
Short Term Debt | 99.4B | 80.6B | 99.5B | 143.0B | 164.4B | 172.6B | |
Common Stock | 17.6B | 17.5B | 17.7B | 17.3B | 19.9B | 14.7B | |
Good Will | 11.3B | 10.9B | 12.3B | 12.6B | 14.5B | 10.3B | |
Short Term Investments | 139.7B | 37.5B | 60.2B | 78.9B | 90.8B | 85.6B | |
Intangible Assets | 4.8B | 4.5B | 6.1B | 5.9B | 6.8B | 3.6B | |
Other Liab | 25.2B | 28.3B | 29.3B | 26.3B | 30.3B | 28.1B | |
Net Tangible Assets | 61.9B | 64.7B | 76.7B | 82.4B | 94.7B | 64.3B | |
Long Term Debt | 23.2B | 33.3B | 12.3B | 323.1B | 371.6B | 390.2B | |
Long Term Investments | 280.8B | 285.4B | 318.9B | 410.2B | 471.8B | 257.1B | |
Short Long Term Debt | 80.0B | 98.9B | 142.3B | 111.5B | 128.2B | 138.9B | |
Property Plant Equipment | 3.2B | 7.9B | 7.4B | 7.2B | 8.3B | 4.8B | |
Long Term Debt Total | 9.8B | 28.5B | 38.3B | 17.4B | 20.0B | 17.8B | |
Earning Assets | 664.6B | 741.3B | 795.7B | 825.0B | 948.8B | 742.9B | |
Net Invested Capital | 90.6B | 391.9B | 520.8B | 544.9B | 626.7B | 658.0B |
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