Retractable Accounts Payable vs Net Working Capital Analysis
RVP Stock | USD 0.98 0.04 3.92% |
Retractable Technologies financial indicator trend analysis is much more than just breaking down Retractable Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Retractable Technologies is a good investment. Please check the relationship between Retractable Technologies Accounts Payable and its Net Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Retractable Technologies. 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. To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.
Accounts Payable vs Net Working Capital
Accounts Payable vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Retractable Technologies Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Retractable Technologies' Accounts Payable and Net Working Capital is 0.52. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Retractable Technologies, assuming nothing else is changed. The correlation between historical values of Retractable Technologies' Accounts Payable 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 Accounts Payable of Retractable Technologies 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 Accounts Payable i.e., Retractable Technologies' Accounts Payable and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Retractable Technologies 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 Retractable Technologies 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 Working Capital
Most indicators from Retractable Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Retractable Technologies 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 Retractable Technologies. 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. To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.As of 05/19/2024, Sales General And Administrative To Revenue is likely to grow to 0.39, while Selling General Administrative is likely to drop slightly above 13 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 227.2K | 170.7K | 152.2K | 197.8K | Depreciation And Amortization | 2.5M | 4.6M | 7.5M | 7.9M |
Retractable Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Retractable Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Retractable Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.2M | 105.0M | 206.3M | 195.7M | 179.7M | 188.7M | |
Short Long Term Debt Total | 2.6M | 3.7M | 2.1M | 1.8M | 1.5M | 1.5M | |
Other Current Liab | 2.0M | 8.9M | 12.3M | 5.0M | 4.1M | 4.1M | |
Total Current Liabilities | 8.3M | 27.9M | 35.3M | 12.1M | 9.4M | 12.0M | |
Total Stockholder Equity | 28.5M | 49.9M | 99.2M | 106.5M | 99.3M | 104.3M | |
Property Plant And Equipment Net | 10.6M | 30.8M | 87.9M | 100.2M | 93.5M | 98.2M | |
Current Deferred Revenue | 998.6K | 1.7M | 2.3M | 435.9K | 201.5K | 191.4K | |
Net Debt | (3.3M) | (13.8M) | (27.1M) | (17.9M) | (11.1M) | (11.7M) | |
Retained Earnings | (33.9M) | (9.7M) | 41.2M | 46.0M | 38.8M | 40.7M | |
Accounts Payable | 5.0M | 16.3M | 20.4M | 6.4M | 4.8M | 6.3M | |
Cash | 5.9M | 17.6M | 29.2M | 19.7M | 12.7M | 17.7M | |
Non Current Assets Total | 10.8M | 35.5M | 101.8M | 106.9M | 102.0M | 107.1M | |
Other Assets | 56.3K | 4.6M | 13.9M | 6.7M | 7.7M | 8.1M | |
Long Term Debt | 2.4M | 2.7M | 1.8M | 1.5M | 1.2M | 1.2M | |
Cash And Short Term Investments | 13.7M | 25.6M | 42.4M | 49.4M | 47.3M | 28.6M | |
Net Receivables | 6.6M | 32.9M | 40.8M | 17.5M | 11.8M | 8.7M | |
Common Stock Shares Outstanding | 32.7M | 33.3M | 34.2M | 33.0M | 29.9M | 29.7M | |
Liabilities And Stockholders Equity | 39.2M | 105.0M | 206.3M | 195.7M | 179.7M | 188.7M | |
Non Current Liabilities Total | 2.4M | 27.2M | 71.8M | 77.0M | 71.0M | 74.6M | |
Inventory | 7.5M | 10.2M | 20.6M | 20.7M | 17.6M | 18.5M | |
Other Current Assets | 635.2K | 684.3K | 702.0K | 1.3M | 952.7K | 667.2K | |
Other Stockholder Equity | 61.7M | 59.3M | 52.5M | 47.4M | 60.3M | 57.3M | |
Total Liab | 10.6M | 55.1M | 107.1M | 89.1M | 80.4M | 84.4M | |
Property Plant And Equipment Gross | 10.6M | 30.8M | 115.5M | 132.3M | 133.2M | 139.9M | |
Total Current Assets | 28.4M | 69.5M | 104.5M | 88.8M | 77.6M | 46.5M | |
Accumulated Other Comprehensive Income | (25.4M) | 0.0 | 5.3M | 12.9M | 12.9M | 13.5M | |
Short Term Debt | 260.9K | 1.0M | 289.1K | 286.0K | 310.0K | 417.8K | |
Property Plant Equipment | 10.6M | 30.9M | 87.9M | 100.2M | 115.2M | 120.9M | |
Non Currrent Assets Other | 138.7K | 44.6K | 5.7K | 184.5K | 152.1K | 84.6K | |
Net Tangible Assets | 27.8M | 49.6M | 98.9M | 106.3M | 122.3M | 128.4M | |
Retained Earnings Total Equity | (35.7M) | (37.0M) | (33.9M) | (9.7M) | (8.7M) | (9.1M) | |
Short Term Investments | 7.8M | 8.1M | 13.3M | 29.7M | 34.6M | 36.4M | |
Long Term Debt Total | 2.4M | 2.7M | 1.8M | 1.5M | 1.4M | 2.4M | |
Capital Surpluse | 61.7M | 59.3M | 63.0M | 73.2M | 84.1M | 67.4M | |
Short Long Term Debt | 260.9K | 1.0M | 289.1K | 286.0K | 304.0K | 419.9K |
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Is Retractable Technologies' 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 Retractable Technologies. If investors know Retractable 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 Retractable Technologies 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 (0.87) | Earnings Share (0.24) | Revenue Per Share 1.456 | Quarterly Revenue Growth 0.127 | Return On Assets (0.04) |
The market value of Retractable Technologies is measured differently than its book value, which is the value of Retractable that is recorded on the company's balance sheet. Investors also form their own opinion of Retractable Technologies' value that differs from its market value or its book value, called intrinsic value, which is Retractable Technologies' 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 Retractable Technologies' market value can be influenced by many factors that don't directly affect Retractable Technologies' 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 Retractable Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Retractable Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Retractable Technologies' 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.