Road Total Current Assets vs Property Plant And Equipment Gross Analysis

688156 Stock

13.29 0.44 3.20%

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

Total Current Assets vs Property Plant And Equipment Gross

Total Current Assets vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Road Environment Tec Total Current Assets account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have strong relationship.

The correlation between Road Environment's Total Current Assets and Property Plant And Equipment Gross is 0.77. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Road Environment Technology, assuming nothing else is changed. The correlation between historical values of Road Environment's Total Current Assets and Property Plant And Equipment Gross 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 Road Environment Technology are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Total Current Assets i.e., Road Environment's Total Current Assets and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Property Plant And Equipment Gross

Most indicators from Road Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Road Environment Tec 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 Road Environment Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Tax Provision is expected to grow to about 7.5 M, whereas Selling General Administrative is forecasted to decline to about 16.1 M.

	2022	2023	2024	2025 (projected)
Interest Expense	2.1M	6.8M	7.8M	8.2M
Interest Income	4.2M	3.3M	3.8M	2.8M

Interest Expense Interest Income

Road Environment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Term Investments	Long Term Debt
Total Assets		0.94	0.86	0.97	0.97	0.83	0.6	0.86	0.91	0.96	0.97	0.88	0.9	0.7	0.87	0.99	0.89	0.94	0.97	-0.49	0.58	0.88	0.93	0.94	0.82	0.87
Other Current Liab	0.94		0.86	0.87	0.92	0.82	0.39	0.85	0.91	0.93	0.87	0.89	0.89	0.75	0.87	0.92	0.89	0.84	0.87	-0.48	0.44	0.85	0.92	0.93	0.91	0.83
Total Current Liabilities	0.86	0.86		0.8	0.82	1.0	0.39	1.0	0.99	0.81	0.84	0.98	0.99	0.94	1.0	0.84	0.99	0.76	0.84	-0.8	0.37	0.99	0.88	0.89	0.81	0.93
Total Stockholder Equity	0.97	0.87	0.8		0.99	0.75	0.78	0.79	0.86	0.97	0.99	0.8	0.85	0.56	0.8	0.99	0.83	0.99	0.99	-0.49	0.76	0.83	0.81	0.83	0.78	0.76
Retained Earnings	0.97	0.92	0.82	0.99		0.77	0.71	0.81	0.88	1.0	0.98	0.82	0.87	0.6	0.82	0.99	0.85	0.98	0.98	-0.49	0.72	0.85	0.83	0.85	0.81	0.77
Accounts Payable	0.83	0.82	1.0	0.75	0.77		0.33	1.0	0.96	0.75	0.79	0.97	0.98	0.96	0.99	0.79	0.98	0.7	0.79	-0.81	0.29	0.99	0.87	0.88	0.76	0.94
Cash	0.6	0.39	0.39	0.78	0.71	0.33		0.39	0.46	0.69	0.75	0.39	0.47	0.07	0.39	0.68	0.43	0.82	0.75	-0.34	0.97	0.44	0.29	0.32	0.42	0.28
Non Current Assets Total	0.86	0.85	1.0	0.79	0.81	1.0	0.39		0.98	0.8	0.83	0.98	0.99	0.94	1.0	0.84	0.99	0.75	0.83	-0.8	0.36	0.99	0.89	0.89	0.8	0.93
Non Currrent Assets Other	0.91	0.91	0.99	0.86	0.88	0.96	0.46	0.98		0.88	0.88	0.99	1.0	0.89	0.99	0.89	1.0	0.83	0.88	-0.75	0.47	0.98	0.88	0.9	0.88	0.89
Net Receivables	0.96	0.93	0.81	0.97	1.0	0.75	0.69	0.8	0.88		0.96	0.83	0.86	0.59	0.81	0.98	0.85	0.97	0.96	-0.48	0.72	0.83	0.81	0.84	0.84	0.74
Common Stock Shares Outstanding	0.97	0.87	0.84	0.99	0.98	0.79	0.75	0.83	0.88	0.96		0.84	0.88	0.62	0.84	0.99	0.86	0.98	1.0	-0.56	0.72	0.86	0.84	0.85	0.78	0.81
Non Current Liabilities Total	0.88	0.89	0.98	0.8	0.82	0.97	0.39	0.98	0.99	0.83	0.84		0.99	0.93	0.99	0.85	1.0	0.77	0.84	-0.75	0.39	0.96	0.89	0.9	0.89	0.89
Inventory	0.9	0.89	0.99	0.85	0.87	0.98	0.47	0.99	1.0	0.86	0.88	0.99		0.9	1.0	0.89	1.0	0.82	0.88	-0.77	0.46	0.99	0.89	0.9	0.84	0.91
Other Current Assets	0.7	0.75	0.94	0.56	0.6	0.96	0.07	0.94	0.89	0.59	0.62	0.93	0.9		0.94	0.64	0.92	0.5	0.62	-0.77	0.05	0.91	0.84	0.84	0.72	0.9
Total Liab	0.87	0.87	1.0	0.8	0.82	0.99	0.39	1.0	0.99	0.81	0.84	0.99	1.0	0.94		0.85	1.0	0.76	0.84	-0.79	0.38	0.99	0.89	0.9	0.83	0.92
Net Invested Capital	0.99	0.92	0.84	0.99	0.99	0.79	0.68	0.84	0.89	0.98	0.99	0.85	0.89	0.64	0.85		0.87	0.97	0.99	-0.48	0.66	0.86	0.89	0.9	0.82	0.83
Short Long Term Debt	0.89	0.89	0.99	0.83	0.85	0.98	0.43	0.99	1.0	0.85	0.86	1.0	1.0	0.92	1.0	0.87		0.8	0.86	-0.77	0.42	0.98	0.89	0.9	0.87	0.9
Total Current Assets	0.94	0.84	0.76	0.99	0.98	0.7	0.82	0.75	0.83	0.97	0.98	0.77	0.82	0.5	0.76	0.97	0.8		0.98	-0.47	0.83	0.79	0.75	0.77	0.78	0.69
Capital Stock	0.97	0.87	0.84	0.99	0.98	0.79	0.75	0.83	0.88	0.96	1.0	0.84	0.88	0.62	0.84	0.99	0.86	0.98		-0.56	0.72	0.86	0.84	0.85	0.78	0.81
Non Current Liabilities Other	-0.49	-0.48	-0.8	-0.49	-0.49	-0.81	-0.34	-0.8	-0.75	-0.48	-0.56	-0.75	-0.77	-0.77	-0.79	-0.48	-0.77	-0.47	-0.56		-0.32	-0.79	-0.47	-0.49	-0.56	-0.64
Net Working Capital	0.58	0.44	0.37	0.76	0.72	0.29	0.97	0.36	0.47	0.72	0.72	0.39	0.46	0.05	0.38	0.66	0.42	0.83	0.72	-0.32		0.42	0.25	0.28	0.5	0.2
Intangible Assets	0.88	0.85	0.99	0.83	0.85	0.99	0.44	0.99	0.98	0.83	0.86	0.96	0.99	0.91	0.99	0.86	0.98	0.79	0.86	-0.79	0.42		0.87	0.89	0.77	0.93
Property Plant And Equipment Net	0.93	0.92	0.88	0.81	0.83	0.87	0.29	0.89	0.88	0.81	0.84	0.89	0.89	0.84	0.89	0.89	0.89	0.75	0.84	-0.47	0.25	0.87		1.0	0.77	0.96
Property Plant And Equipment Gross	0.94	0.93	0.89	0.83	0.85	0.88	0.32	0.89	0.9	0.84	0.85	0.9	0.9	0.84	0.9	0.9	0.9	0.77	0.85	-0.49	0.28	0.89	1.0		0.79	0.96
Short Term Investments	0.82	0.91	0.81	0.78	0.81	0.76	0.42	0.8	0.88	0.84	0.78	0.89	0.84	0.72	0.83	0.82	0.87	0.78	0.78	-0.56	0.5	0.77	0.77	0.79		0.67
Long Term Debt	0.87	0.83	0.93	0.76	0.77	0.94	0.28	0.93	0.89	0.74	0.81	0.89	0.91	0.9	0.92	0.83	0.9	0.69	0.81	-0.64	0.2	0.93	0.96	0.96	0.67

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Road Environment Account Relationship Matchups

Road Environment fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	878.8M	1.0B	1.2B	1.6B	1.8B	1.1B
Other Current Liab	11.1M	16.0M	21.3M	21.6M	24.8M	18.2M
Total Current Liabilities	132.8M	188.0M	275.3M	504.8M	580.5M	609.6M
Total Stockholder Equity	707.9M	770.1M	774.7M	896.9M	1.0B	766.8M
Retained Earnings	133.6M	183.7M	181.9M	198.8M	228.6M	173.4M
Accounts Payable	79.5M	106.3M	138.5M	289.9M	333.4M	350.0M
Cash	421.5M	349.4M	259.4M	199.2M	229.1M	291.6M
Non Current Assets Total	224.0M	263.3M	428.8M	824.0M	947.6M	995.0M
Non Currrent Assets Other	407.0K	10.8M	25.1M	39.9M	45.9M	48.2M
Net Receivables	175.1M	253.4M	272.2M	269.4M	309.9M	241.8M
Non Current Liabilities Total	4.1M	3.4M	90.2M	138.5M	159.3M	167.3M
Inventory	13.2M	26.1M	49.3M	93.5M	107.6M	112.9M
Other Current Assets	1.7M	2.0M	12.8M	28.7M	33.1M	34.7M
Total Liab	136.9M	191.4M	365.6M	643.3M	739.8M	776.8M
Net Invested Capital	727.9M	803.7M	942.3M	1.2B	1.3B	877.4M
Short Long Term Debt	20.0M	33.7M	80.1M	127.1M	146.2M	153.5M
Total Current Assets	654.8M	741.2M	767.7M	765.4M	880.3M	709.7M
Net Working Capital	522.0M	553.3M	492.4M	260.6M	299.7M	434.8M
Intangible Assets	26.2M	58.8M	57.0M	134.0M	154.1M	161.8M

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Other Information on Investing in Road Stock

Balance Sheet is a snapshot of the financial position of Road Environment Tec at a specified time, usually calculated after every quarter, six months, or one year. Road Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Road Environment and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Road currently owns. An asset can also be divided into two categories, current and non-current.

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Road Total Current Assets vs Property Plant And Equipment Gross Analysis

Total Current Assets vs Property Plant And Equipment Gross

Total Current Assets vs Property Plant And Equipment Gross Correlation Analysis

Correlation Coefficient

Total Current Assets

Property Plant And Equipment Gross

Road Environment fundamental ratios Correlations

Road Environment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Road Environment fundamental ratios Accounts

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Other Information on Investing in Road Stock

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Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Receivables	+ 1.0	Retained Earnings
Non Current Assets Total	+ 1.0	Accounts Payable
Total Liab	+ 1.0	Non Current Assets Total

Non Current Liabilities Other	- 0.81	Accounts Payable
Non Current Liabilities Other	- 0.8	Non Current Assets Total
Non Current Liabilities Other	- 0.8	Total Current Liabilities
Intangible Assets	- 0.79	Non Current Liabilities Other
Non Current Liabilities Other	- 0.79	Total Liab
Non Current Liabilities Other	- 0.77	Short Long Term Debt