Retractable Total Current Assets vs Total Liab Analysis
RVP Stock | USD 0.98 0.14 12.50% |
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 Total Current Assets and its Total Liab 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.
Total Current Assets vs Total Liab
Total Current Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Retractable Technologies Total Current Assets account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Retractable Technologies' Total Current Assets and Total Liab is 0.9. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Liab 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' Total Current Assets and Total Liab 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 Current Assets of Retractable Technologies are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Assets i.e., Retractable Technologies' Total Current Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 05/18/2024, 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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Retractable Stock analysis
When running Retractable Technologies' price analysis, check to measure Retractable Technologies' 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 Retractable Technologies is operating at the current time. Most of Retractable Technologies' value examination focuses on studying past and present price action to predict the probability of Retractable Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Retractable Technologies' price. Additionally, you may evaluate how the addition of Retractable Technologies to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Transaction History View history of all your transactions and understand their impact on performance | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
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.