Ritchie Operating Income from 2010 to 2026
| RBA Stock | CAD 157.09 1.84 1.19% |
Operating Income | First Reported 1998-03-31 | Previous Quarter 188.6 M | Current Value 158.3 M | Quarterly Volatility 52 M |
Check Ritchie Bros financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ritchie Bros' main balance sheet or income statement drivers, such as Depreciation And Amortization of 536.6 M, Interest Expense of 282.2 M or Selling General Administrative of 904.8 M, as well as many indicators such as Price To Sales Ratio of 6.41, Dividend Yield of 0.0217 or PTB Ratio of 5.91. Ritchie financial statements analysis is a perfect complement when working with Ritchie Bros Valuation or Volatility modules.
Ritchie | Operating Income |
Latest Ritchie Bros' Operating Income Growth Pattern
Below is the plot of the Operating Income of Ritchie Bros Auctioneers over the last few years. Operating Income is the amount of profit realized from Ritchie Bros Auctioneers operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Ritchie Bros Auctioneers is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Ritchie Bros' Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ritchie Bros' overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
|
Operating Income |
| Timeline |
Ritchie Operating Income Regression Statistics
| Arithmetic Mean | 312,938,941 | |
| Geometric Mean | 211,951,997 | |
| Coefficient Of Variation | 90.62 | |
| Mean Deviation | 225,392,270 | |
| Median | 185,189,000 | |
| Standard Deviation | 283,574,192 | |
| Sample Variance | 80414.3T | |
| Range | 901M | |
| R-Value | 0.87 | |
| Mean Square Error | 20498.4T | |
| R-Squared | 0.76 | |
| Slope | 48,988,630 | |
| Total Sum of Squares | 1286629.2T |
Ritchie Operating Income History
About Ritchie Bros Financial Statements
Ritchie Bros investors utilize fundamental indicators, such as Operating Income, to predict how Ritchie Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Income | 875.4 M | 919.1 M |
Pair Trading with Ritchie Bros
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ritchie Bros position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ritchie Bros will appreciate offsetting losses from the drop in the long position's value.Moving against Ritchie Stock
The ability to find closely correlated positions to Ritchie Bros could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ritchie Bros when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ritchie Bros - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ritchie Bros Auctioneers to buy it.
The correlation of Ritchie Bros is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ritchie Bros moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ritchie Bros Auctioneers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ritchie Bros can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Ritchie Stock
Ritchie Bros financial ratios help investors to determine whether Ritchie Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ritchie with respect to the benefits of owning Ritchie Bros security.