Rocket Days Sales Outstanding from 2010 to 2024
| RKT Stock | USD 13.90 0.08 0.58% |
Days Sales Outstanding | First Reported 2010-12-31 | Previous Quarter 58.49036674 | Current Value 61.41 | Quarterly Volatility 17.51145404 |
Check Rocket CompaniesInc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rocket main balance sheet or income statement drivers, such as Interest Income of 286.6 M, Interest Expense of 279.4 M or Selling General Administrative of 3.4 B, as well as many exotic indicators such as Price To Sales Ratio of 0.39, Dividend Yield of 0.0 or PTB Ratio of 1.76. Rocket financial statements analysis is a perfect complement when working with Rocket CompaniesInc Valuation or Volatility modules.
Rocket | Days Sales Outstanding |
Latest Rocket CompaniesInc's Days Sales Outstanding Growth Pattern
Below is the plot of the Days Sales Outstanding of Rocket CompaniesInc over the last few years. It is Rocket CompaniesInc's Days Sales Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Rocket CompaniesInc's overall financial position and show how it may be relating to other accounts over time.
| Days Sales Outstanding | 10 Years Trend |
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Days Sales Outstanding |
| Timeline |
Rocket Days Sales Outstanding Regression Statistics
| Arithmetic Mean | 21.77 | |
| Geometric Mean | 11.10 | |
| Coefficient Of Variation | 80.44 | |
| Mean Deviation | 10.18 | |
| Median | 20.49 | |
| Standard Deviation | 17.51 | |
| Sample Variance | 306.65 | |
| Range | 61.1293 | |
| R-Value | 0.25 | |
| Mean Square Error | 309.45 | |
| R-Squared | 0.06 | |
| Significance | 0.37 | |
| Slope | 0.98 | |
| Total Sum of Squares | 4,293 |
Rocket Days Sales Outstanding History
About Rocket CompaniesInc Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Rocket CompaniesInc income statement, its balance sheet, and the statement of cash flows. Rocket CompaniesInc investors use historical funamental indicators, such as Rocket CompaniesInc's Days Sales Outstanding, to determine how well the company is positioned to perform in the future. Although Rocket CompaniesInc investors may use each financial statement separately, they are all related. The changes in Rocket CompaniesInc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Rocket CompaniesInc's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Rocket CompaniesInc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Rocket CompaniesInc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Sales Outstanding | 58.49 | 61.41 |
Pair Trading with Rocket CompaniesInc
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 Rocket CompaniesInc 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 Rocket CompaniesInc will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Rocket CompaniesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rocket CompaniesInc 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 Rocket CompaniesInc - 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 Rocket CompaniesInc to buy it.
The correlation of Rocket CompaniesInc 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 Rocket CompaniesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rocket CompaniesInc 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 Rocket CompaniesInc 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 the analysis of Rocket CompaniesInc Correlation against competitors. For more information on how to buy Rocket Stock please use our How to Invest in Rocket CompaniesInc guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Rocket Stock analysis
When running Rocket CompaniesInc's price analysis, check to measure Rocket CompaniesInc'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 Rocket CompaniesInc is operating at the current time. Most of Rocket CompaniesInc's value examination focuses on studying past and present price action to predict the probability of Rocket CompaniesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket CompaniesInc's price. Additionally, you may evaluate how the addition of Rocket CompaniesInc to your portfolios can decrease your overall portfolio volatility.
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Is Rocket CompaniesInc'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 Rocket CompaniesInc. If investors know Rocket 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 Rocket CompaniesInc 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 0.075 | Earnings Share 1.802 | Revenue Per Share 35.988 | Quarterly Revenue Growth 1.047 | Return On Assets 0.0198 |
The market value of Rocket CompaniesInc is measured differently than its book value, which is the value of Rocket that is recorded on the company's balance sheet. Investors also form their own opinion of Rocket CompaniesInc's value that differs from its market value or its book value, called intrinsic value, which is Rocket CompaniesInc'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 Rocket CompaniesInc's market value can be influenced by many factors that don't directly affect Rocket CompaniesInc'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 Rocket CompaniesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocket CompaniesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocket CompaniesInc'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.