Richtech Total Stockholder Equity vs Other Stockholder Equity 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 Total Stockholder Equity and its Other Stockholder Equity 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.

Total Stockholder Equity vs Other Stockholder Equity

Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Richtech Robotics Class Total Stockholder Equity account and Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Richtech Robotics' Total Stockholder Equity and Other Stockholder Equity is 0.92. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity 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' Total Stockholder Equity and Other Stockholder Equity 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 Stockholder Equity of Richtech Robotics Class are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., Richtech Robotics' Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Other Stockholder Equity

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 Profit4.0M6.0M6.9M4.7M
Total Revenue6.0M8.8M10.1M7.6M

Richtech Robotics fundamental ratios Correlations

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Richtech Robotics Account Relationship Matchups

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Additional Tools for Richtech Stock Analysis

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.