Royal Cost Of Revenue vs Income Tax Expense Analysis
| RY Stock | USD 97.38 0.55 0.57% |
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 Cost Of Revenue and its Income Tax Expense 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 manufacturing.
Cost Of Revenue vs Income Tax Expense
Cost Of Revenue vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Cost Of Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Royal Bank's Cost Of Revenue and Income Tax Expense is -0.18. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Income Tax Expense 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 Cost Of Revenue and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Royal Bank of are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost Of Revenue i.e., Royal Bank's Cost Of Revenue and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Royal Bank income statement and represents the costs associated with goods and services Royal Bank provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Income Tax Expense
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 manufacturing. At this time, Royal Bank's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 20.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 416.7 M in 2024.
| 2020 | 2021 | 2022 | 2024 (projected) | EBIT | 20.6B | 38.2B | 18.5B | 671.0M | Operating Income | 20.6B | 38.2B | 18.5B | 650.8M |
Royal Bank fundamental ratios Correlations
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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 | 1.4T | 1.6T | 1.7T | 1.9T | 2.0T | 10.1B | |
| Short Long Term Debt Total | 9.9B | 305.0B | 425.2B | 439.3B | 505.2B | 530.4B | |
| Other Current Liab | (2.6B) | (2.9B) | (3.5B) | (4.3B) | (3.8B) | 208.1M | |
| Total Current Liabilities | 107.7B | 90.1B | 110.0B | 159.6B | 132.6B | 1.0B | |
| Total Stockholder Equity | 83.5B | 86.7B | 98.7B | 108.1B | 117.7B | 3.4B | |
| 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 | 306.2B | 352.1B | 369.7B | |
| Retained Earnings | 56.0B | 59.8B | 71.8B | 78.0B | 84.3B | 1.3B | |
| Accounts Payable | 8.3B | 9.5B | 10.5B | 17.3B | 20.6B | 493.3M | |
| Cash | 64.7B | 157.9B | 193.5B | 180.4B | 133.1B | 5.7M | |
| Non Current Assets Total | 299.8B | 308.1B | 344.5B | 435.5B | 500.8B | 525.8B | |
| Non Currrent Assets Other | (2.6B) | (2.0B) | (1.5B) | (2.4B) | (2.2B) | (2.3B) | |
| Other Assets | 974.0B | 1.0T | 1.1T | 1.3T | 1.3T | 1.5B | |
| Cash And Short Term Investments | 297.6B | 231.0B | 240.6B | 212.0B | 243.8B | 256.0B | |
| Net Receivables | 19.7B | 18.6B | 22.5B | 26.2B | 29.9B | 430.4M | |
| Common Stock Shares Outstanding | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 1.5B | |
| Liabilities And Stockholders Equity | 1.6T | 1.7T | 1.9T | 2.0T | 2.3T | 2.4T | |
| Non Current Liabilities Total | 12.9B | 209.1B | 159.6B | 331.5B | 381.2B | 400.3B | |
| Other Current Assets | 667.7B | 768.6B | 786.4B | 867.4B | 875.6B | 234.8M | |
| Other Stockholder Equity | 4.2B | (132M) | (112M) | (339M) | (240M) | 255.6K | |
| Total Liab | 1.3T | 1.5T | 1.6T | 1.8T | 1.9T | 6.6B | |
| Total Current Assets | 186.9B | 316.3B | 253.6B | 266.8B | 241.9B | 716.9M | |
| Short Term Debt | 99.4B | 80.6B | 99.5B | 143.0B | 112.0B | 336.7M | |
| Accumulated Other Comprehensive Income | 3.4B | 2.5B | 5.7B | 6.9B | 7.9B | 8.3B | |
| Other Liab | 25.2B | 28.3B | 29.3B | 26.3B | 1.4B | 1.4B | |
| Net Tangible Assets | 61.9B | 64.7B | 76.7B | 82.4B | 4.1B | 3.9B | |
| Long Term Debt | 9.8B | 23.2B | 33.3B | 12.3B | 323.1B | 2.6B | |
| Good Will | 11.3B | 10.9B | 12.3B | 12.6B | 14.5B | 8.5B | |
| Short Term Investments | 139.7B | 37.5B | 60.2B | 78.9B | 90.8B | 71.4B | |
| Inventory | (667.7B) | (768.6B) | (786.4B) | (867.4B) | (875.6B) | 50.9M | |
| Long Term Investments | 280.8B | 285.4B | 318.9B | 410.2B | 471.8B | 495.4B | |
| Short Long Term Debt | 11.1B | 80.0B | 98.9B | 142.3B | 111.4B | 336.7M | |
| Treasury Stock | (18M) | (58M) | (129M) | (73M) | (84.0M) | (88.1M) | |
| Intangible Assets | 4.8B | 4.5B | 6.1B | 5.9B | 6.8B | 4.3B | |
| Common Stock | 17.6B | 17.5B | 17.7B | 17.3B | 19.4B | 57.3M | |
| Property Plant Equipment | 3.2B | 7.9B | 7.4B | 7.2B | 9.5B | 10.0B | |
| Property Plant And Equipment Gross | 7.9B | 15.1B | 12.4B | 12.8B | 14.8B | 15.5B |
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When determining whether Royal Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Royal Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Royal Bank Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Royal Bank Of Stock: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 manufacturing. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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When running Royal Bank's price analysis, check to measure Royal Bank'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 Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.
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Is Royal Bank'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 Royal Bank. If investors know Royal 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 Royal Bank 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 0.121 | Dividend Share 5.4 | Earnings Share 7.88 | Revenue Per Share 38.304 | Quarterly Revenue Growth (0.01) |
The market value of Royal Bank is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Bank's value that differs from its market value or its book value, called intrinsic value, which is Royal Bank'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 Royal Bank's market value can be influenced by many factors that don't directly affect Royal Bank'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 Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank'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.