Rocky Intangible Assets vs Net Receivables Analysis

RCKY Stock

USD 36.97 1.67 4.73%

Rocky Brands financial indicator trend analysis is much more than just breaking down Rocky Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocky Brands is a good investment. Please check the relationship between Rocky Brands Intangible Assets and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.

Intangible Assets vs Net Receivables

Intangible Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rocky Brands Intangible Assets account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Rocky Brands' Intangible Assets and Net Receivables is 0.79. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Rocky Brands, assuming nothing else is changed. The correlation between historical values of Rocky Brands' Intangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Rocky Brands are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Intangible Assets i.e., Rocky Brands' Intangible Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Receivables

Most indicators from Rocky Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocky Brands 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 Rocky Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.At this time, Rocky Brands' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.30 in 2024, whereas Selling General Administrative is likely to drop slightly above 59.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	10.6M	18.3M	21.2M	20.2M
Depreciation And Amortization	11.3M	12.3M	10.9M	5.5M

Interest Expense Depreciation And Amortization

Rocky Brands fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.96	0.9	0.95	0.84	0.99	0.94	0.89	0.94	0.0	0.99	-0.53	0.0	0.85	0.28	0.97	0.99	0.16	0.97	0.77	0.99	-0.38	0.64	0.39	-0.16	0.44
Short Long Term Debt Total	0.96		0.81	0.93	0.66	0.93	1.0	0.75	0.94	-0.19	0.96	-0.48	-0.19	0.8	0.08	1.0	0.96	0.11	1.0	0.7	0.93	-0.31	0.52	0.21	-0.11	0.32
Other Current Liab	0.9	0.81		0.89	0.8	0.91	0.78	0.86	0.87	0.26	0.86	-0.46	0.27	0.8	0.27	0.82	0.87	0.19	0.85	0.7	0.9	-0.43	0.67	0.35	-0.19	0.44
Total Current Liabilities	0.95	0.93	0.89		0.7	0.93	0.92	0.8	0.99	0.07	0.92	-0.37	0.07	0.88	0.13	0.93	0.94	0.22	0.96	0.62	0.96	-0.49	0.5	0.2	-0.22	0.44
Total Stockholder Equity	0.84	0.66	0.8	0.7		0.88	0.63	0.96	0.66	0.31	0.81	-0.57	0.31	0.69	0.61	0.68	0.81	0.18	0.7	0.77	0.84	-0.35	0.74	0.69	-0.18	0.54
Property Plant And Equipment Net	0.99	0.93	0.91	0.93	0.88		0.91	0.92	0.91	0.08	0.98	-0.55	0.08	0.84	0.32	0.94	0.98	0.16	0.95	0.79	0.98	-0.39	0.68	0.43	-0.16	0.49
Net Debt	0.94	1.0	0.78	0.92	0.63	0.91		0.72	0.92	-0.26	0.95	-0.48	-0.26	0.78	0.06	1.0	0.95	0.09	0.99	0.69	0.92	-0.28	0.5	0.19	-0.09	0.3
Retained Earnings	0.89	0.75	0.86	0.8	0.96	0.92	0.72		0.75	0.31	0.89	-0.64	0.31	0.68	0.39	0.76	0.86	0.26	0.78	0.84	0.88	-0.52	0.62	0.5	-0.26	0.58
Accounts Payable	0.94	0.94	0.87	0.99	0.66	0.91	0.92	0.75		-0.01	0.9	-0.33	0.0	0.9	0.15	0.93	0.94	0.19	0.96	0.59	0.95	-0.43	0.51	0.21	-0.19	0.42
Cash	0.0	-0.19	0.26	0.07	0.31	0.08	-0.26	0.31	-0.01		-0.07	0.12	1.0	0.08	0.26	-0.19	-0.03	0.13	-0.12	-0.03	0.07	-0.4	0.14	0.13	-0.13	0.21
Non Current Assets Total	0.99	0.96	0.86	0.92	0.81	0.98	0.95	0.89	0.9	-0.07		-0.65	-0.07	0.77	0.18	0.97	0.97	0.16	0.97	0.85	0.95	-0.39	0.59	0.34	-0.16	0.45
Non Currrent Assets Other	-0.53	-0.48	-0.46	-0.37	-0.57	-0.55	-0.48	-0.64	-0.33	0.12	-0.65		0.12	-0.12	0.06	-0.5	-0.45	-0.11	-0.47	-0.94	-0.41	0.26	-0.27	-0.21	0.11	-0.3
Cash And Short Term Investments	0.0	-0.19	0.27	0.07	0.31	0.08	-0.26	0.31	0.0	1.0	-0.07	0.12		0.08	0.26	-0.19	-0.03	0.13	-0.12	-0.03	0.07	-0.4	0.14	0.13	-0.13	0.21
Net Receivables	0.85	0.8	0.8	0.88	0.69	0.84	0.78	0.68	0.9	0.08	0.77	-0.12	0.08		0.49	0.81	0.87	0.09	0.84	0.41	0.9	-0.25	0.59	0.52	-0.09	0.34
Common Stock Shares Outstanding	0.28	0.08	0.27	0.13	0.61	0.32	0.06	0.39	0.15	0.26	0.18	0.06	0.26	0.49		0.11	0.29	-0.09	0.12	0.11	0.36	0.22	0.66	0.94	0.09	0.19
Non Current Liabilities Total	0.97	1.0	0.82	0.93	0.68	0.94	1.0	0.76	0.93	-0.19	0.97	-0.5	-0.19	0.81	0.11		0.97	0.1	0.99	0.72	0.94	-0.29	0.55	0.24	-0.1	0.33
Inventory	0.99	0.96	0.87	0.94	0.81	0.98	0.95	0.86	0.94	-0.03	0.97	-0.45	-0.03	0.87	0.29	0.97		0.16	0.98	0.7	0.99	-0.35	0.63	0.39	-0.16	0.42
Other Stockholder Equity	0.16	0.11	0.19	0.22	0.18	0.16	0.09	0.26	0.19	0.13	0.16	-0.11	0.13	0.09	-0.09	0.1	0.16		0.13	0.14	0.15	-0.41	-0.09	-0.07	-1.0	0.38
Total Liab	0.97	1.0	0.85	0.96	0.7	0.95	0.99	0.78	0.96	-0.12	0.97	-0.47	-0.12	0.84	0.12	0.99	0.98	0.13		0.7	0.96	-0.35	0.54	0.24	-0.13	0.37
Property Plant And Equipment Gross	0.77	0.7	0.7	0.62	0.77	0.79	0.69	0.84	0.59	-0.03	0.85	-0.94	-0.03	0.41	0.11	0.72	0.7	0.14	0.7		0.68	-0.33	0.49	0.34	-0.14	0.41
Total Current Assets	0.99	0.93	0.9	0.96	0.84	0.98	0.92	0.88	0.95	0.07	0.95	-0.41	0.07	0.9	0.36	0.94	0.99	0.15	0.96	0.68		-0.36	0.67	0.43	-0.15	0.43
Short Term Debt	-0.38	-0.31	-0.43	-0.49	-0.35	-0.39	-0.28	-0.52	-0.43	-0.4	-0.39	0.26	-0.4	-0.25	0.22	-0.29	-0.35	-0.41	-0.35	-0.33	-0.36		0.18	0.19	0.41	-0.71
Other Current Assets	0.64	0.52	0.67	0.5	0.74	0.68	0.5	0.62	0.51	0.14	0.59	-0.27	0.14	0.59	0.66	0.55	0.63	-0.09	0.54	0.49	0.67	0.18		0.65	0.09	0.22
Common Stock Total Equity	0.39	0.21	0.35	0.2	0.69	0.43	0.19	0.5	0.21	0.13	0.34	-0.21	0.13	0.52	0.94	0.24	0.39	-0.07	0.24	0.34	0.43	0.19	0.65		0.07	0.23
Common Stock	-0.16	-0.11	-0.19	-0.22	-0.18	-0.16	-0.09	-0.26	-0.19	-0.13	-0.16	0.11	-0.13	-0.09	0.09	-0.1	-0.16	-1.0	-0.13	-0.14	-0.15	0.41	0.09	0.07		-0.38
Other Liab	0.44	0.32	0.44	0.44	0.54	0.49	0.3	0.58	0.42	0.21	0.45	-0.3	0.21	0.34	0.19	0.33	0.42	0.38	0.37	0.41	0.43	-0.71	0.22	0.23	-0.38

Click cells to compare fundamentals

Rocky Brands Account Relationship Matchups

Rocky Brands fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	205.8M	229.1M	624.6M	582.4M	490.8M	515.4M
Other Current Liab	10.4M	13.7M	21.2M	15.4M	15.5M	16.3M
Total Current Liabilities	31.5M	40.0M	140.1M	96.3M	71.5M	75.1M
Total Stockholder Equity	164.7M	179.5M	197.9M	215.5M	223.6M	234.7M
Property Plant And Equipment Net	29.2M	35.3M	71.4M	68.4M	59.8M	62.8M
Net Debt	(14.4M)	(27.4M)	272.9M	259.4M	176.7M	185.6M
Retained Earnings	96.7M	113.5M	129.8M	145.7M	151.6M	159.2M
Accounts Payable	15.8M	20.1M	114.6M	69.7M	49.8M	52.3M
Cash	15.5M	28.4M	5.9M	5.7M	4.5M	5.3M
Non Current Assets Total	59.7M	65.9M	249.3M	241.3M	232.7M	244.3M
Non Currrent Assets Other	294K	374K	917K	(7.1M)	(104.2M)	(99.0M)
Cash And Short Term Investments	15.5M	28.4M	5.9M	5.7M	4.5M	5.4M
Net Receivables	50.8M	53.5M	132.4M	95.9M	81.1M	44.9M
Common Stock Shares Outstanding	7.4M	7.3M	7.4M	7.4M	7.4M	6.2M
Liabilities And Stockholders Equity	205.8M	229.1M	624.6M	582.4M	490.8M	515.4M
Non Current Liabilities Total	9.6M	9.6M	286.6M	270.6M	195.7M	205.5M
Inventory	76.7M	77.6M	232.5M	235.4M	169.2M	177.7M
Other Stockholder Equity	55.7M	56.5M	0.0	69.8M	62.8M	65.9M
Total Liab	41.2M	49.6M	426.7M	366.9M	267.3M	280.6M
Property Plant And Equipment Gross	29.2M	35.3M	60.0M	57.4M	129.2M	135.7M
Total Current Assets	146.1M	163.2M	375.3M	341.0M	258.2M	271.1M
Short Term Debt	7.5M	586K	629K	3.3M	5.3M	6.2M
Other Current Assets	3.0M	3.7M	4.5M	4.1M	3.4M	4.8M
Common Stock Total Equity	68.0M	66.0M	68.1M	69.8M	80.2M	63.4M
Common Stock	68.0M	66.0M	68.1M	69.8M	72.0M	68.4M
Other Liab	8.5M	8.7M	11.0M	8.8M	10.1M	10.6M
Other Assets	294K	1.9M	917K	942K	847.8K	1.0M
Intangible Assets	30.2M	30.2M	126.3M	121.8M	112.6M	118.2M
Property Plant Equipment	27.4M	35.3M	71.4M	57.4M	66.0M	69.3M
Current Deferred Revenue	4.7M	5.6M	1.1M	8.0M	927K	880.7K
Net Tangible Assets	134.4M	149.3M	20.9M	215.5M	247.8M	260.2M
Retained Earnings Total Equity	96.7M	113.5M	129.8M	145.7M	167.6M	92.6M
Deferred Long Term Liab	8.1M	109K	10.3M	8.0M	7.2M	7.7M
Non Current Liabilities Other	290K	1.5M	9.0M	9.0M	10.3M	10.8M

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When determining whether Rocky Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rocky Brands' 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 Rocky Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rocky Brands Stock:

How To Invest In Rocky

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Is Rocky Stock a good investment?

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What is Rocky Brands' Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Rocky Brands' price analysis, check to measure Rocky Brands' 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 Rocky Brands is operating at the current time. Most of Rocky Brands' value examination focuses on studying past and present price action to predict the probability of Rocky Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Brands' price. Additionally, you may evaluate how the addition of Rocky Brands to your portfolios can decrease your overall portfolio volatility.

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Is Rocky Brands' 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 Rocky Brands. If investors know Rocky 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 Rocky Brands 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

0.021

Dividend Share

0.62

Earnings Share

1.8

Revenue Per Share

62.906

Quarterly Revenue Growth

0.022

The market value of Rocky Brands is measured differently than its book value, which is the value of Rocky that is recorded on the company's balance sheet. Investors also form their own opinion of Rocky Brands' value that differs from its market value or its book value, called intrinsic value, which is Rocky Brands' 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 Rocky Brands' market value can be influenced by many factors that don't directly affect Rocky Brands' 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 Rocky Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocky Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocky Brands' 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.

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Rocky Intangible Assets vs Net Receivables Analysis

Intangible Assets vs Net Receivables

Intangible Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Receivables

Rocky Brands fundamental ratios Correlations

Rocky Brands Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Rocky Brands fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets

Common Stock	- 1.0	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.94	Non Currrent Assets Other
Other Liab	- 0.71	Short Term Debt
Non Currrent Assets Other	- 0.65	Non Current Assets Total
Non Currrent Assets Other	- 0.64	Retained Earnings
Non Currrent Assets Other	- 0.57	Total Stockholder Equity