Ritchie Capex To Depreciation vs Price To Sales Ratio Analysis
RBA Stock | CAD 99.06 1.52 1.51% |
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 Capex To Depreciation and its Price To Sales Ratio 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.
Capex To Depreciation vs Price To Sales Ratio
Capex To Depreciation vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Capex To Depreciation account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ritchie Bros' Capex To Depreciation and Price To Sales Ratio is -0.69. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio 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' Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Ritchie Bros Auctioneers are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Ritchie Bros' Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Ritchie Bros Auctioneers stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ritchie Bros sales, a figure that is much harder to manipulate than other Ritchie Bros Auctioneers multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month 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 1st of June 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 |
Ritchie Bros fundamental ratios Correlations
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Ritchie Bros Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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Try AI Portfolio ArchitectCheck 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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