Red Net Invested Capital vs Net Working Capital Analysis

RDVT Stock

USD 17.43 0.42 2.47%

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

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

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Violet Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Red Violet's Net Invested Capital and Net Working Capital is 0.99. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Net Invested Capital and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Red Violet are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Red Violet's Net Invested Capital and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Working Capital

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

For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.At this time, Red Violet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 24.14 in 2024, despite the fact that Tax Provision is likely to grow to (9.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	32.8M	41.1M	47.1M	49.5M
Total Revenue	44.0M	53.3M	60.2M	31.3M

Gross Profit Total Revenue

Red Violet fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Accounts Payable	Other Assets	Net Receivables	Good Will	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Net Invested Capital	Net Working Capital	Capital Stock	Short Long Term Debt Total
Total Assets		0.18	0.64	1.0	0.9	0.8	0.36	0.9	-0.41	0.99	0.75	0.98	0.97	-0.84	-0.01	0.81	0.89	-0.93	0.99	0.98	0.94	-0.42
Other Current Liab	0.18		0.83	0.12	-0.03	0.29	-0.17	0.21	-0.08	0.1	0.63	0.06	0.31	0.17	0.13	0.13	-0.03	-0.03	0.06	0.04	0.1	0.0
Total Current Liabilities	0.64	0.83		0.59	0.44	0.74	0.02	0.64	-0.28	0.61	0.94	0.53	0.77	-0.39	0.15	0.57	0.43	-0.5	0.55	0.53	0.55	-0.13
Total Stockholder Equity	1.0	0.12	0.59		0.91	0.78	0.38	0.89	-0.41	0.99	0.7	0.99	0.95	-0.84	-0.03	0.79	0.9	-0.94	0.99	0.99	0.93	-0.45
Net Tangible Assets	0.9	-0.03	0.44	0.91		0.64	0.38	0.93	-0.66	0.89	0.53	0.92	0.82	-0.81	-0.11	0.68	0.87	-0.98	0.95	0.95	0.91	-0.6
Accounts Payable	0.8	0.29	0.74	0.78	0.64		0.14	0.74	-0.25	0.82	0.82	0.74	0.91	-0.86	0.24	0.72	0.57	-0.69	0.75	0.76	0.66	-0.17
Other Assets	0.36	-0.17	0.02	0.38	0.38	0.14		0.12	0.11	0.41	0.08	0.46	0.28	-0.27	-0.17	0.2	0.57	-0.46	0.36	0.46	0.2	-0.33
Net Receivables	0.9	0.21	0.64	0.89	0.93	0.74	0.12		-0.74	0.87	0.72	0.85	0.88	-0.79	0.03	0.77	0.76	-0.9	0.92	0.88	0.94	-0.44
Good Will	-0.41	-0.08	-0.28	-0.41	-0.66	-0.25	0.11	-0.74		-0.35	-0.31	-0.36	-0.38	0.38	0.09	-0.39	-0.33	0.54	-0.49	-0.42	-0.6	0.28
Other Stockholder Equity	0.99	0.1	0.61	0.99	0.89	0.82	0.41	0.87	-0.35		0.74	0.98	0.96	-0.88	0.01	0.82	0.92	-0.93	0.98	0.98	0.92	-0.4
Total Liab	0.75	0.63	0.94	0.7	0.53	0.82	0.08	0.72	-0.31	0.74		0.63	0.87	-0.59	0.21	0.79	0.57	-0.57	0.66	0.64	0.7	0.01
Total Current Assets	0.98	0.06	0.53	0.99	0.92	0.74	0.46	0.85	-0.36	0.98	0.63		0.92	-0.82	-0.08	0.74	0.93	-0.96	0.99	1.0	0.91	-0.53
Intangible Assets	0.97	0.31	0.77	0.95	0.82	0.91	0.28	0.88	-0.38	0.96	0.87	0.92		-0.85	0.08	0.84	0.81	-0.86	0.93	0.92	0.88	-0.29
Common Stock	-0.84	0.17	-0.39	-0.84	-0.81	-0.86	-0.27	-0.79	0.38	-0.88	-0.59	-0.82	-0.85		-0.14	-0.77	-0.71	0.8	-0.85	-0.86	-0.78	0.23
Property Plant Equipment	-0.01	0.13	0.15	-0.03	-0.11	0.24	-0.17	0.03	0.09	0.01	0.21	-0.08	0.08	-0.14		0.4	-0.28	0.13	-0.07	-0.06	-0.05	0.05
Property Plant And Equipment Net	0.81	0.13	0.57	0.79	0.68	0.72	0.2	0.77	-0.39	0.82	0.79	0.74	0.84	-0.77	0.4		0.68	-0.66	0.78	0.75	0.84	-0.04
Current Deferred Revenue	0.89	-0.03	0.43	0.9	0.87	0.57	0.57	0.76	-0.33	0.92	0.57	0.93	0.81	-0.71	-0.28	0.68		-0.9	0.91	0.92	0.88	-0.42
Net Debt	-0.93	-0.03	-0.5	-0.94	-0.98	-0.69	-0.46	-0.9	0.54	-0.93	-0.57	-0.96	-0.86	0.8	0.13	-0.66	-0.9		-0.96	-0.98	-0.89	0.63
Net Invested Capital	0.99	0.06	0.55	0.99	0.95	0.75	0.36	0.92	-0.49	0.98	0.66	0.99	0.93	-0.85	-0.07	0.78	0.91	-0.96		0.99	0.96	-0.47
Net Working Capital	0.98	0.04	0.53	0.99	0.95	0.76	0.46	0.88	-0.42	0.98	0.64	1.0	0.92	-0.86	-0.06	0.75	0.92	-0.98	0.99		0.91	-0.52
Capital Stock	0.94	0.1	0.55	0.93	0.91	0.66	0.2	0.94	-0.6	0.92	0.7	0.91	0.88	-0.78	-0.05	0.84	0.88	-0.89	0.96	0.91		-0.35
Short Long Term Debt Total	-0.42	0.0	-0.13	-0.45	-0.6	-0.17	-0.33	-0.44	0.28	-0.4	0.01	-0.53	-0.29	0.23	0.05	-0.04	-0.42	0.63	-0.47	-0.52	-0.35

Click cells to compare fundamentals

Red Violet Account Relationship Matchups

Red Violet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	48.9M	52.0M	74.4M	77.4M	93.0M	54.1M
Other Current Liab	1.6M	1.5M	395K	1.8M	2.0M	1.6M
Total Current Liabilities	4.3M	5.0M	3.5M	5.4M	4.9M	4.7M
Total Stockholder Equity	42.1M	43.3M	69.4M	71.1M	86.1M	48.1M
Net Tangible Assets	12.8M	10.9M	36.0M	34.2M	39.4M	41.3M
Retained Earnings	(15.9M)	(22.7M)	(22.0M)	(21.4M)	(7.9M)	(8.3M)
Accounts Payable	2.1M	2.1M	1.6M	2.2M	1.6M	1.7M
Cash	11.8M	13.0M	34.3M	31.8M	32.0M	16.3M
Non Current Assets Total	32.8M	35.3M	35.8M	39.3M	52.7M	32.1M
Non Currrent Assets Other	289K	139K	137K	601K	146K	138.7K
Other Assets	289K	2.3M	74.4M	601K	691.2K	656.6K
Cash And Short Term Investments	11.8M	13.0M	34.3M	31.8M	32.0M	16.3M
Net Receivables	3.5M	3.2M	3.7M	5.5M	7.1M	7.5M
Common Stock Total Equity	10K	12K	13K	14K	16.1K	8.5K
Retained Earnings Total Equity	(15.9M)	(22.7M)	(22.0M)	(21.4M)	(19.3M)	(18.3M)
Common Stock Shares Outstanding	10.8M	11.9M	13.4M	14.1M	14.1M	11.6M
Liabilities And Stockholders Equity	48.9M	52.0M	74.4M	77.4M	93.0M	52.5M
Non Current Liabilities Total	2.5M	3.6M	1.5M	885K	2.0M	1.4M
Capital Surpluse	59.2M	66.0M	91.4M	92.5M	106.4M	111.7M
Capital Lease Obligations	3.0M	2.5M	1.9M	1.3M	2.6M	1.4M
Other Current Assets	722K	581K	599K	771K	1.1M	740.7K
Other Stockholder Equity	57.9M	66.0M	91.4M	92.5M	94.0M	59.8M
Total Liab	6.8M	8.6M	4.9M	6.3M	6.9M	6.0M
Property Plant And Equipment Gross	3.3M	2.7M	2.2M	1.8M	4.4M	4.6M
Total Current Assets	16.0M	16.7M	38.6M	38.1M	40.3M	20.6M
Non Current Liabilities Other	2.5M	1.9M	1.3M	598K	687.7K	863.8K
Short Term Debt	491K	1.0M	617K	692K	569K	411.9K
Intangible Assets	24.0M	27.2M	28.2M	31.6M	34.4M	23.8M
Common Stock	10K	12K	13K	14K	12.6K	12.0K
Property Plant Equipment	3.3M	558K	577K	709K	638.1K	873.9K
Property Plant And Equipment Net	3.3M	2.7M	2.2M	1.8M	3.0M	2.2M
Current Deferred Revenue	128K	504K	841K	670K	690K	408.7K
Net Debt	(8.8M)	(8.3M)	(32.4M)	(30.5M)	(29.5M)	(28.0M)
Net Invested Capital	42.1M	45.5M	69.4M	71.1M	86.1M	57.9M
Net Working Capital	11.7M	11.7M	35.1M	32.7M	35.4M	20.6M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Red Violet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Red Violet's short interest history, or implied volatility extrapolated from Red Violet options trading.

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When determining whether Red Violet 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 Violet Stock. Highlighted below are key reports to facilitate an investment decision about Red Violet Stock:

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

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

You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Red Violet's price analysis, check to measure Red Violet'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 Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to predict the probability of Red Violet'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 Violet's price. Additionally, you may evaluate how the addition of Red Violet to your portfolios can decrease your overall portfolio volatility.

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Is Red Violet'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 Violet. 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 Violet 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

4.438

Earnings Share

0.96

Revenue Per Share

4.308

Quarterly Revenue Growth

0.152

Return On Assets

0.0184

The market value of Red Violet 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 Violet's value that differs from its market value or its book value, called intrinsic value, which is Red Violet'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 Violet's market value can be influenced by many factors that don't directly affect Red Violet'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 Violet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Violet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Violet'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.

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Red Net Invested Capital vs Net Working Capital Analysis

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Working Capital

Red Violet fundamental ratios Correlations

Red Violet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Red Violet fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Current Assets
Other Stockholder Equity	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity

Net Working Capital	- 0.98	Net Debt
Net Debt	- 0.98	Net Tangible Assets
Net Invested Capital	- 0.96	Net Debt
Net Debt	- 0.96	Total Current Assets
Net Debt	- 0.94	Total Stockholder Equity
Net Debt	- 0.93	Other Stockholder Equity