Royal Net Receivables vs Total Current Liabilities Analysis

0QKU Stock

124.87 0.05 0.04%

Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Net Receivables and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Royal Bank's Net Receivables and Total Current Liabilities is 0.88. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Net Receivables and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Royal Bank of are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Royal Bank's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Royal Bank balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Royal Bank of are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 2.4 B in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	35.6B	53.7B	61.7B	36.4B
Total Revenue	48.5B	53.7B	61.7B	44.2B

Gross Profit Total Revenue

Royal Bank fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable	Net Receivables	Other Current Assets
Total Assets		0.96	0.99	0.88	0.3	1.0	0.73	0.92	0.92	0.98	0.73	0.93	-0.55	0.94	-0.59	1.0	0.73	0.94	0.89	0.88	-0.53	0.68	0.88	0.9	0.79	0.9
Total Current Liabilities	0.96		0.96	0.81	0.36	0.96	0.6	0.85	0.85	0.96	0.6	0.86	-0.57	0.87	-0.5	0.96	0.6	0.89	0.83	0.9	-0.61	0.6	0.94	0.94	0.88	0.95
Total Stockholder Equity	0.99	0.96		0.83	0.36	1.0	0.68	0.93	0.93	0.97	0.68	0.95	-0.55	0.95	-0.59	0.99	0.68	0.95	0.91	0.87	-0.55	0.65	0.87	0.88	0.79	0.88
Property Plant And Equipment Net	0.88	0.81	0.83		-0.07	0.86	0.93	0.74	0.73	0.9	0.93	0.7	-0.46	0.78	-0.51	0.88	0.93	0.73	0.66	0.73	-0.37	0.76	0.79	0.85	0.62	0.82
Net Debt	0.3	0.36	0.36	-0.07		0.31	-0.27	0.53	0.54	0.18	-0.27	0.51	-0.21	0.49	0.07	0.29	-0.27	0.42	0.38	0.54	-0.32	-0.11	0.25	0.22	0.37	0.27
Retained Earnings	1.0	0.96	1.0	0.86	0.31		0.72	0.92	0.92	0.98	0.72	0.93	-0.54	0.94	-0.58	1.0	0.72	0.94	0.88	0.86	-0.52	0.66	0.88	0.89	0.79	0.89
Cash	0.73	0.6	0.68	0.93	-0.27	0.72		0.64	0.64	0.75	1.0	0.57	-0.33	0.68	-0.51	0.74	1.0	0.59	0.54	0.47	-0.16	0.74	0.57	0.64	0.35	0.59
Non Current Assets Total	0.92	0.85	0.93	0.74	0.53	0.92	0.64		1.0	0.86	0.64	0.94	-0.47	1.0	-0.46	0.92	0.64	0.89	0.84	0.81	-0.45	0.57	0.73	0.75	0.65	0.75
Non Currrent Assets Other	0.92	0.85	0.93	0.73	0.54	0.92	0.64	1.0		0.85	0.64	0.94	-0.47	1.0	-0.46	0.91	0.64	0.88	0.84	0.81	-0.44	0.56	0.73	0.75	0.65	0.74
Other Assets	0.98	0.96	0.97	0.9	0.18	0.98	0.75	0.86	0.85		0.75	0.87	-0.56	0.88	-0.61	0.98	0.75	0.9	0.84	0.83	-0.52	0.71	0.91	0.93	0.82	0.92
Cash And Short Term Investments	0.73	0.6	0.68	0.93	-0.27	0.72	1.0	0.64	0.64	0.75		0.57	-0.33	0.68	-0.51	0.74	1.0	0.59	0.54	0.47	-0.16	0.74	0.57	0.64	0.35	0.59
Good Will	0.93	0.86	0.95	0.7	0.51	0.93	0.57	0.94	0.94	0.87	0.57		-0.54	0.94	-0.63	0.93	0.57	0.97	0.96	0.86	-0.54	0.59	0.75	0.77	0.72	0.77
Common Stock Shares Outstanding	-0.55	-0.57	-0.55	-0.46	-0.21	-0.54	-0.33	-0.47	-0.47	-0.56	-0.33	-0.54		-0.49	0.31	-0.55	-0.33	-0.49	-0.59	-0.56	0.82	-0.81	-0.73	-0.74	-0.76	-0.71
Non Current Liabilities Total	0.94	0.87	0.95	0.78	0.49	0.94	0.68	1.0	1.0	0.88	0.68	0.94	-0.49		-0.49	0.94	0.68	0.9	0.85	0.82	-0.46	0.6	0.76	0.78	0.67	0.77
Other Stockholder Equity	-0.59	-0.5	-0.59	-0.51	0.07	-0.58	-0.51	-0.46	-0.46	-0.61	-0.51	-0.63	0.31	-0.49		-0.59	-0.51	-0.73	-0.7	-0.4	0.28	-0.42	-0.45	-0.48	-0.37	-0.46
Total Liab	1.0	0.96	0.99	0.88	0.29	1.0	0.74	0.92	0.91	0.98	0.74	0.93	-0.55	0.94	-0.59		0.74	0.94	0.88	0.88	-0.53	0.68	0.88	0.9	0.79	0.9
Total Current Assets	0.73	0.6	0.68	0.93	-0.27	0.72	1.0	0.64	0.64	0.75	1.0	0.57	-0.33	0.68	-0.51	0.74		0.59	0.54	0.47	-0.16	0.74	0.57	0.64	0.35	0.59
Intangible Assets	0.94	0.89	0.95	0.73	0.42	0.94	0.59	0.89	0.88	0.9	0.59	0.97	-0.49	0.9	-0.73	0.94	0.59		0.93	0.87	-0.49	0.54	0.78	0.8	0.73	0.81
Common Stock	0.89	0.83	0.91	0.66	0.38	0.88	0.54	0.84	0.84	0.84	0.54	0.96	-0.59	0.85	-0.7	0.88	0.54	0.93		0.78	-0.64	0.65	0.75	0.76	0.74	0.76
Short Long Term Debt Total	0.88	0.9	0.87	0.73	0.54	0.86	0.47	0.81	0.81	0.83	0.47	0.86	-0.56	0.82	-0.4	0.88	0.47	0.87	0.78		-0.58	0.52	0.84	0.87	0.82	0.9
Other Current Liab	-0.53	-0.61	-0.55	-0.37	-0.32	-0.52	-0.16	-0.45	-0.44	-0.52	-0.16	-0.54	0.82	-0.46	0.28	-0.53	-0.16	-0.49	-0.64	-0.58		-0.6	-0.68	-0.69	-0.75	-0.69
Other Liab	0.68	0.6	0.65	0.76	-0.11	0.66	0.74	0.57	0.56	0.71	0.74	0.59	-0.81	0.6	-0.42	0.68	0.74	0.54	0.65	0.52	-0.6		0.75	0.79	0.67	0.72
Net Tangible Assets	0.88	0.94	0.87	0.79	0.25	0.88	0.57	0.73	0.73	0.91	0.57	0.75	-0.73	0.76	-0.45	0.88	0.57	0.78	0.75	0.84	-0.68	0.75		0.99	0.96	0.99
Accounts Payable	0.9	0.94	0.88	0.85	0.22	0.89	0.64	0.75	0.75	0.93	0.64	0.77	-0.74	0.78	-0.48	0.9	0.64	0.8	0.76	0.87	-0.69	0.79	0.99		0.94	0.99
Net Receivables	0.79	0.88	0.79	0.62	0.37	0.79	0.35	0.65	0.65	0.82	0.35	0.72	-0.76	0.67	-0.37	0.79	0.35	0.73	0.74	0.82	-0.75	0.67	0.96	0.94		0.94
Other Current Assets	0.9	0.95	0.88	0.82	0.27	0.89	0.59	0.75	0.74	0.92	0.59	0.77	-0.71	0.77	-0.46	0.9	0.59	0.81	0.76	0.9	-0.69	0.72	0.99	0.99	0.94

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Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6T	1.7T	1.9T	2.0T	2.3T	1.5T
Total Current Liabilities	15.4B	18.0B	25.0B	28.1B	32.3B	16.3B
Total Stockholder Equity	86.7B	98.7B	108.1B	117.7B	135.3B	84.9B
Property Plant And Equipment Net	7.9B	7.4B	7.2B	6.7B	7.8B	4.7B
Net Debt	8.9B	(10.3B)	94.0B	95.3B	109.6B	71.6B
Retained Earnings	59.8B	71.8B	78.0B	84.3B	97.0B	55.8B
Cash	115.9B	111.8B	70.4B	59.0B	67.8B	45.4B
Non Current Assets Total	1.5T	1.6T	1.8T	1.9T	2.2T	1.4T
Non Currrent Assets Other	1.5T	1.6T	1.8T	1.9T	2.2T	1.3T
Other Assets	1.1T	1.1T	1.3T	1.3T	1.5T	1.1T
Cash And Short Term Investments	115.9B	111.8B	70.4B	59.0B	67.8B	45.4B
Good Will	11.3B	10.9B	12.3B	12.6B	14.5B	11.5B
Common Stock Shares Outstanding	1.4B	1.4B	1.4B	1.4B	1.3B	1.2B
Non Current Liabilities Total	1.5T	1.6T	1.8T	1.9T	2.2T	1.3T
Other Stockholder Equity	(129M)	(73M)	(334M)	(231M)	(207.9M)	(197.5M)
Total Liab	1.5T	1.6T	1.8T	1.9T	2.2T	1.4T
Total Current Assets	115.9B	111.8B	70.4B	59.0B	67.8B	45.4B
Intangible Assets	4.8B	4.5B	6.1B	5.9B	6.8B	4.7B
Common Stock	17.6B	17.7B	17.3B	19.4B	22.3B	18.4B
Short Long Term Debt Total	124.8B	101.5B	164.4B	154.3B	177.4B	127.6B
Liabilities And Stockholders Equity	1.6T	1.7T	1.9T	2.0T	2.3T	1.5T
Accumulated Other Comprehensive Income	3.4B	2.5B	5.7B	6.9B	7.9B	4.5B
Other Current Liab	73.0B	81.3B	85.4B	28.1B	25.3B	24.0B

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Royal Net Receivables vs Total Current Liabilities Analysis

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Liabilities

Royal Bank fundamental ratios Correlations

Royal Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Royal Bank fundamental ratios Accounts

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Additional Tools for Royal Stock Analysis

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Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Retained Earnings
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Other Liab	- 0.81	Common Stock Shares Outstanding
Net Receivables	- 0.76	Common Stock Shares Outstanding
Net Receivables	- 0.75	Other Current Liab
Accounts Payable	- 0.74	Common Stock Shares Outstanding
Intangible Assets	- 0.73	Other Stockholder Equity
Net Tangible Assets	- 0.73	Common Stock Shares Outstanding