Richelieu Total Current Assets from 2010 to 2026
| RCH Stock | CAD 43.83 0.77 1.79% |
Total Current Assets | First Reported 1997-02-28 | Previous Quarter 919.5 M | Current Value 896.1 M | Quarterly Volatility 266 M |
Check Richelieu Hardware financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Richelieu Hardware's main balance sheet or income statement drivers, such as Depreciation And Amortization of 91.6 M, Interest Expense of 17.3 M or Total Revenue of 2.4 B, as well as many indicators such as Price To Sales Ratio of 1.02, Dividend Yield of 0.009 or PTB Ratio of 2.22. Richelieu financial statements analysis is a perfect complement when working with Richelieu Hardware Valuation or Volatility modules.
Richelieu | Total Current Assets |
Evaluating Richelieu Hardware's Total Current Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Richelieu Hardware's fundamental strength.
Latest Richelieu Hardware's Total Current Assets Growth Pattern
Below is the plot of the Total Current Assets of Richelieu Hardware over the last few years. It is the total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle. Richelieu Hardware's Total Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Richelieu Hardware's overall financial position and show how it may be relating to other accounts over time.
| Total Current Assets | 10 Years Trend |
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Total Current Assets |
| Timeline |
Richelieu Total Current Assets Regression Statistics
| Arithmetic Mean | 568,539,541 | |
| Geometric Mean | 453,505,214 | |
| Coefficient Of Variation | 56.08 | |
| Mean Deviation | 277,676,636 | |
| Median | 445,345,000 | |
| Standard Deviation | 318,845,586 | |
| Sample Variance | 101662.5T | |
| Range | 1B | |
| R-Value | 0.97 | |
| Mean Square Error | 5945.7T | |
| R-Squared | 0.95 | |
| Slope | 61,385,445 | |
| Total Sum of Squares | 1626600.1T |
Richelieu Total Current Assets History
About Richelieu Hardware Financial Statements
Richelieu Hardware investors utilize fundamental indicators, such as Total Current Assets, to predict how Richelieu 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 | ||
| Total Current Assets | 1 B | 1.1 B |
Pair Trading with Richelieu Hardware
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 Richelieu Hardware 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 Richelieu Hardware will appreciate offsetting losses from the drop in the long position's value.Moving together with Richelieu Stock
| 0.82 | RY | Royal Bank | PairCorr |
| 0.89 | TD | Toronto Dominion Bank | PairCorr |
| 0.92 | BNS | Bank of Nova Scotia Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Richelieu Hardware could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richelieu Hardware 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 Richelieu Hardware - 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 Richelieu Hardware to buy it.
The correlation of Richelieu Hardware 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 Richelieu Hardware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richelieu Hardware 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 Richelieu Hardware 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 Richelieu Stock
Richelieu Hardware financial ratios help investors to determine whether Richelieu 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 Richelieu with respect to the benefits of owning Richelieu Hardware security.