Richtech Accounts Payable vs Net Receivables Analysis
| RR Stock | 1.16 0.03 2.65% |
Richtech Robotics financial indicator trend analysis is much more than just breaking down Richtech Robotics Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Richtech Robotics Class is a good investment. Please check the relationship between Richtech Robotics Accounts Payable and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richtech Robotics Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Richtech Robotics Class Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Richtech Robotics' Accounts Payable and Net Receivables is 0.76. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Richtech Robotics Class, assuming nothing else is changed. The correlation between historical values of Richtech Robotics' Accounts Payable 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 Accounts Payable of Richtech Robotics Class 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 Accounts Payable i.e., Richtech Robotics' Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Richtech Robotics obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Richtech Robotics Class are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Receivables
Most indicators from Richtech Robotics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Richtech Robotics Class 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 Richtech Robotics Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Richtech Robotics' Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/04/2024, Enterprise Value Over EBITDA is likely to grow to 763.80, while Selling General Administrative is likely to drop slightly above 2.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.0M | 6.0M | 6.9M | 4.7M | Total Revenue | 6.0M | 8.8M | 10.1M | 7.6M |
Richtech Robotics fundamental ratios Correlations
Click cells to compare fundamentals
Richtech Robotics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Richtech Robotics' price analysis, check to measure Richtech Robotics' 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 Richtech Robotics is operating at the current time. Most of Richtech Robotics' value examination focuses on studying past and present price action to predict the probability of Richtech Robotics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richtech Robotics' price. Additionally, you may evaluate how the addition of Richtech Robotics to your portfolios can decrease your overall portfolio volatility.