ROPEOK Minority Interest vs Income Tax Expense Analysis

688619 Stock   8.96  0.07  0.79%   
ROPEOK Technology financial indicator trend analysis is much more than just breaking down ROPEOK Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ROPEOK Technology is a good investment. Please check the relationship between ROPEOK Technology Minority Interest and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ROPEOK Technology Group. 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.

Minority Interest vs Income Tax Expense

Minority Interest vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ROPEOK Technology Minority Interest account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ROPEOK Technology's Minority Interest and Income Tax Expense is 0.41. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of ROPEOK Technology Group, assuming nothing else is changed. The correlation between historical values of ROPEOK Technology's Minority Interest and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of ROPEOK Technology Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Minority Interest i.e., ROPEOK Technology's Minority Interest and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of ROPEOK Technology Group whose combined shares represent less than 50% of the total outstanding shares issued by ROPEOK Technology have a minority interest in ROPEOK Technology.

Income Tax Expense

Most indicators from ROPEOK Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ROPEOK Technology 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 ROPEOK Technology Group. 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.
The current year's Selling General Administrative is expected to grow to about 45.6 M, whereas Tax Provision is projected to grow to (7.7 M).
 2022 2024 2025 (projected)
Interest Expense3.8M14.5M15.3M
Depreciation And Amortization33.4M38.4M20.0M

ROPEOK Technology fundamental ratios Correlations

0.370.980.990.71-0.170.20.910.820.870.540.87-0.350.910.840.890.570.920.980.980.960.980.790.780.830.96
0.370.40.36-0.19-0.460.860.580.380.010.860.430.330.03-0.090.52-0.310.080.370.470.370.350.060.070.610.17
0.980.40.950.69-0.090.210.90.770.870.550.8-0.370.860.850.870.490.881.00.960.90.990.820.820.840.91
0.990.360.950.7-0.240.210.90.850.850.540.9-0.330.920.80.890.60.930.950.980.980.950.750.740.820.97
0.71-0.190.690.70.44-0.480.420.320.94-0.040.39-0.680.860.90.710.750.880.710.610.690.720.870.860.490.82
-0.17-0.46-0.09-0.240.44-0.76-0.47-0.660.22-0.5-0.62-0.280.040.2-0.020.18-0.03-0.07-0.33-0.23-0.050.430.45-0.3-0.11
0.20.860.210.21-0.48-0.760.510.48-0.210.820.470.41-0.16-0.250.18-0.45-0.090.180.340.230.13-0.28-0.280.470.01
0.910.580.90.90.42-0.470.510.920.680.730.94-0.270.690.660.790.240.780.890.960.880.870.50.490.890.8
0.820.380.770.850.32-0.660.480.920.570.570.99-0.240.670.590.60.340.730.760.890.820.730.320.310.760.77
0.870.010.870.850.940.22-0.210.680.570.210.63-0.680.910.980.790.630.960.880.80.830.880.860.860.690.91
0.540.860.550.54-0.04-0.50.820.730.570.210.630.220.20.140.53-0.270.280.520.620.610.520.170.170.620.34
0.870.430.80.90.39-0.620.470.940.990.630.63-0.240.720.610.690.370.780.80.930.880.780.40.380.80.83
-0.350.33-0.37-0.33-0.68-0.280.41-0.27-0.24-0.680.22-0.24-0.49-0.72-0.3-0.34-0.62-0.38-0.32-0.32-0.35-0.36-0.36-0.43-0.45
0.910.030.860.920.860.04-0.160.690.670.910.20.72-0.490.880.810.830.940.870.850.880.890.860.850.640.98
0.84-0.090.850.80.90.2-0.250.660.590.980.140.61-0.720.880.680.610.930.860.770.780.850.810.810.650.87
0.890.520.870.890.71-0.020.180.790.60.790.530.69-0.30.810.680.510.830.870.880.870.880.790.780.830.86
0.57-0.310.490.60.750.18-0.450.240.340.63-0.270.37-0.340.830.610.510.680.510.480.530.520.690.670.280.74
0.920.080.880.930.88-0.03-0.090.780.730.960.280.78-0.620.940.930.830.680.880.890.910.880.770.760.750.97
0.980.371.00.950.71-0.070.180.890.760.880.520.8-0.380.870.860.870.510.880.950.90.990.830.830.820.91
0.980.470.960.980.61-0.330.340.960.890.80.620.93-0.320.850.770.880.480.890.950.950.940.670.670.880.93
0.960.370.90.980.69-0.230.230.880.820.830.610.88-0.320.880.780.870.530.910.90.950.910.710.690.790.94
0.980.350.990.950.72-0.050.130.870.730.880.520.78-0.350.890.850.880.520.880.990.940.910.850.850.770.92
0.790.060.820.750.870.43-0.280.50.320.860.170.4-0.360.860.810.790.690.770.830.670.710.851.00.50.8
0.780.070.820.740.860.45-0.280.490.310.860.170.38-0.360.850.810.780.670.760.830.670.690.851.00.50.78
0.830.610.840.820.49-0.30.470.890.760.690.620.8-0.430.640.650.830.280.750.820.880.790.770.50.50.76
0.960.170.910.970.82-0.110.010.80.770.910.340.83-0.450.980.870.860.740.970.910.930.940.920.80.780.76
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ROPEOK Technology Account Relationship Matchups

ROPEOK Technology fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.3B2.3B2.0B1.9B2.2B1.5B
Other Current Liab184.1M157.3M142.8M14.0M16.1M15.3M
Total Current Liabilities605.1M742.2M651.9M692.5M796.3M540.6M
Total Stockholder Equity626.6M1.5B1.3B1.1B1.3B872.3M
Property Plant And Equipment Net17.5M25.4M285.4M270.3M310.8M326.4M
Net Debt(32.9M)(709.3M)69.5M77.1M69.4M72.9M
Retained Earnings234.6M298.3M87.5M(28.8M)(26.0M)(24.7M)
Accounts Payable273.5M513.0M274.9M235.3M270.6M264.6M
Cash180.4M786.3M184.0M298.9M343.7M279.5M
Non Current Assets Total263.5M393.4M627.6M692.1M796.0M835.8M
Non Currrent Assets Other226.0M327.5M266.8M19.4M22.4M21.2M
Cash And Short Term Investments145.6M180.4M786.3M302.4M347.7M293.0M
Liabilities And Stockholders Equity948.1M1.3B2.3B2.0B2.3B1.4B
Non Current Liabilities Total23.6M40.0M43.6M74.6M85.8M90.1M
Inventory101.6M112.0M151.4M98.0M112.7M98.8M
Other Current Assets153.3M216.7M256.4M301.6M346.8M220.1M
Other Stockholder Equity235.4M251.5M1.0B1.0B1.2B1.2B
Total Liab628.8M782.2M695.5M767.1M882.2M576.9M
Total Current Assets1.0B1.9B1.4B1.2B1.4B1.1B
Intangible Assets3.5M9.5M9.2M6.4M7.4M5.9M
Short Long Term Debt Total125.0M147.6M77.1M253.5M291.5M147.6M
Short Term Debt125.0M147.6M71.9M234.3M269.4M142.2M
Net Receivables544.6M566.8M494.1M405.3M466.1M519.4M
Net Invested Capital774.1M1.6B1.5B1.5B1.7B1.3B
Short Long Term Debt147.6M71.9M234.3M335.3M385.6M201.1M
Non Current Liabilities Other23.4M34.4M22.9M29.6M34.1M30.3M
Net Working Capital397.5M1.2B721.2M520.7M598.8M677.7M

Currently Active Assets on Macroaxis

Other Information on Investing in ROPEOK Stock

Balance Sheet is a snapshot of the financial position of ROPEOK Technology at a specified time, usually calculated after every quarter, six months, or one year. ROPEOK Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ROPEOK Technology 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 ROPEOK currently owns. An asset can also be divided into two categories, current and non-current.