Red Total Assets vs Asset Turnover Analysis
| RCAT Stock | USD 1.41 0.10 6.62% |
Red Cat financial indicator trend analysis is much more than just breaking down Red Cat Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Cat Holdings is a good investment. Please check the relationship between Red Cat Total Assets and its Asset Turnover accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Cat Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Total Assets vs Asset Turnover
Total Assets vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Cat Holdings Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Red Cat's Total Assets and Asset Turnover is -0.04. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Red Cat Holdings, assuming nothing else is changed. The correlation between historical values of Red Cat's Total Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Red Cat Holdings are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., Red Cat's Total Assets and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Red Cat 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 Red Cat Holdings 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.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Red Cat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Cat Holdings 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 Red Cat Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. At this time, Red Cat's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 1,846 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Red Cat fundamental ratios Correlations
Click cells to compare fundamentals
Red Cat Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Cat fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.8M | 11.7M | 85.1M | 60.2M | 69.2M | 72.7M | |
| Short Long Term Debt Total | 568.8K | 2.0M | 3.0M | 2.1M | 2.4M | 1.2M | |
| Total Current Liabilities | 829.3K | 4.7M | 5.4M | 4.8M | 5.5M | 5.7M | |
| Net Debt | 332.1K | 1.7M | (1.1M) | (1.2M) | (1.1M) | (1.0M) | |
| Retained Earnings | (2.6M) | (15.8M) | (27.5M) | (54.6M) | (49.1M) | (46.7M) | |
| Cash | 236.7K | 277.3K | 4.1M | 3.3M | 3.7M | 3.9M | |
| Non Current Assets Total | 2.5M | 10.1M | 29.4M | 28.0M | 32.2M | 33.8M | |
| Non Currrent Assets Other | 33.5K | 91.7K | 3.9K | 57.0K | 51.3K | 48.8K | |
| Net Receivables | 3.0K | 396.7K | 913.1K | 932.6K | 1.1M | 1.1M | |
| Liabilities And Stockholders Equity | 2.8M | 11.7M | 85.1M | 60.2M | 69.2M | 72.7M | |
| Non Current Liabilities Total | 450K | 1.8M | 1.7M | 822.8K | 946.3K | 1.4M | |
| Total Liab | 1.3M | 6.4M | 7.2M | 5.6M | 6.4M | 6.7M | |
| Total Current Assets | 318.3K | 1.6M | 55.7M | 32.2M | 37.0M | 38.9M | |
| Short Term Debt | 118.8K | 269.0K | 1.3M | 1.3M | 1.4M | 746.0K | |
| Common Stock Total Equity | 20.0K | 29.4K | 53.7K | 54.6K | 62.8K | 93.5K | |
| Common Stock Shares Outstanding | 13.7M | 23.7M | 48.2M | 53.9M | 61.9M | 65.0M | |
| Total Stockholder Equity | 1.5M | 5.3M | 77.9M | 54.6M | 62.8M | 65.9M | |
| Accounts Payable | 249.1K | 541.9K | 1.0M | 2.0M | 2.3M | 2.4M | |
| Cash And Short Term Investments | 236.7K | 277.3K | 48.9M | 16.1M | 18.5M | 19.4M | |
| Other Stockholder Equity | 4.0M | 21.0M | 106.8M | 110.0M | 126.5M | 132.8M | |
| Common Stock | 20.0K | 29.4K | 53.7K | 54.6K | 49.1K | 54.0K | |
| Other Current Liab | 423.0K | 3.8M | 2.7M | 1.1M | 1.3M | 969.9K | |
| Current Deferred Revenue | 38.4K | 46.1K | 437.9K | 400.7K | 460.8K | 483.8K | |
| Other Current Assets | 3.0K | 603.9K | 2.0M | 3.3M | 3.8M | 4.0M | |
| Inventory | 78.7K | 362.1K | 3.9M | 12.0M | 13.8M | 14.5M | |
| Good Will | 2.5M | 8.0M | 25.1M | 17.0M | 19.6M | 9.9M | |
| Net Tangible Assets | (996.0K) | (4.8M) | 50.1M | 30.3M | 34.8M | 36.5M | |
| Net Invested Capital | 2.1M | 7.3M | 79.8M | 55.9M | 64.3M | 67.5M | |
| Short Long Term Debt | 118.8K | 269.0K | 956.9K | 922.1K | 829.9K | 785.1K | |
| Net Working Capital | (510.9K) | (3.0M) | 50.2M | 27.4M | 31.5M | 33.1M | |
| Capital Stock | 58.9K | 50.7K | 63.6K | 64.4K | 74.1K | 52.3K |
Currently Active Assets on Macroaxis
When determining whether Red Cat Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Red Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Red Cat Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Red Cat Holdings Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Cat Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Red Cat Holdings information on this page should be used as a complementary analysis to other Red Cat'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Red Cat's price analysis, check to measure Red Cat'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 Red Cat is operating at the current time. Most of Red Cat's value examination focuses on studying past and present price action to predict the probability of Red Cat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Cat's price. Additionally, you may evaluate how the addition of Red Cat to your portfolios can decrease your overall portfolio volatility.
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Is Red Cat'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 Red Cat. If investors know Red 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 Red Cat listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.50) | Revenue Per Share 0.326 | Quarterly Revenue Growth 2.507 | Return On Assets (0.23) | Return On Equity (0.47) |
The market value of Red Cat Holdings is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Cat's value that differs from its market value or its book value, called intrinsic value, which is Red Cat'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 Red Cat's market value can be influenced by many factors that don't directly affect Red Cat'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 Red Cat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Cat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Cat'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.