Quest Retained Earnings vs Non Currrent Assets Other Analysis

QRHC Stock  USD 7.18  0.13  1.84%   
Quest Resource financial indicator trend analysis is much more than just breaking down Quest Resource Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quest Resource Holding is a good investment. Please check the relationship between Quest Resource Retained Earnings and its Non Currrent Assets Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quest Resource Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Retained Earnings vs Non Currrent Assets Other

Retained Earnings vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quest Resource Holding Retained Earnings account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Quest Resource's Retained Earnings and Non Currrent Assets Other is -0.53. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Quest Resource Holding, assuming nothing else is changed. The correlation between historical values of Quest Resource's Retained Earnings and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Quest Resource Holding are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Retained Earnings i.e., Quest Resource's Retained Earnings and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Quest Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quest Resource Holding 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quest Resource Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
At present, Quest Resource's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 17.20, whereas Tax Provision is forecasted to decline to about 180.2 K.
 2021 2022 2023 2024 (projected)
Total Revenue155.7M284.0M288.4M302.8M
Depreciation And Amortization3.0M10.4M10.3M10.8M

Quest Resource fundamental ratios Correlations

0.150.940.790.82-0.850.880.510.510.95-0.010.840.090.830.940.980.00.120.870.570.840.860.090.880.80.94
0.150.280.27-0.09-0.140.350.140.140.180.530.170.80.00.060.190.530.280.230.08-0.07-0.030.970.110.020.17
0.940.280.740.73-0.740.980.320.320.970.20.710.270.780.880.960.220.10.80.540.720.720.250.830.630.84
0.790.270.740.32-0.920.730.570.570.640.150.930.320.660.530.70.170.640.430.550.360.440.260.530.620.88
0.82-0.090.730.32-0.490.620.310.310.84-0.240.5-0.240.670.960.84-0.23-0.40.940.370.990.95-0.20.890.730.69
-0.85-0.14-0.74-0.92-0.49-0.75-0.46-0.46-0.730.11-0.94-0.09-0.79-0.65-0.770.1-0.48-0.55-0.53-0.52-0.61-0.1-0.54-0.67-0.86
0.880.350.980.730.62-0.750.190.190.940.230.680.340.780.790.920.250.150.720.510.60.630.340.710.520.77
0.510.140.320.570.31-0.460.191.00.26-0.040.620.040.330.420.4-0.040.330.410.460.430.480.030.540.760.66
0.510.140.320.570.31-0.460.191.00.26-0.040.620.040.330.420.4-0.040.330.410.460.430.480.030.540.760.66
0.950.180.970.640.84-0.730.940.260.260.020.690.140.830.940.990.04-0.070.880.50.820.840.140.840.670.81
-0.010.530.20.15-0.240.110.23-0.04-0.040.02-0.140.83-0.37-0.110.01.00.2-0.08-0.31-0.27-0.320.640.05-0.370.0
0.840.170.710.930.5-0.940.680.620.620.69-0.140.10.770.660.76-0.120.480.590.630.560.640.10.610.810.93
0.090.80.270.32-0.24-0.090.340.040.040.140.830.1-0.15-0.070.130.830.320.03-0.09-0.24-0.20.890.02-0.180.1
0.830.00.780.660.67-0.790.780.330.330.83-0.370.77-0.150.780.85-0.360.110.680.780.690.75-0.070.650.770.76
0.940.060.880.530.96-0.650.790.420.420.94-0.110.66-0.070.780.95-0.09-0.20.960.490.960.95-0.030.940.80.83
0.980.190.960.70.84-0.770.920.40.40.990.00.760.130.850.950.02-0.010.890.560.840.870.130.870.760.87
0.00.530.220.17-0.230.10.25-0.04-0.040.041.0-0.120.83-0.36-0.090.020.2-0.06-0.3-0.26-0.310.640.06-0.350.02
0.120.280.10.64-0.4-0.480.150.330.33-0.070.20.480.320.11-0.2-0.010.2-0.280.38-0.34-0.270.28-0.10.070.3
0.870.230.80.430.94-0.550.720.410.410.88-0.080.590.030.680.960.89-0.06-0.280.40.950.940.120.910.760.76
0.570.080.540.550.37-0.530.510.460.460.5-0.310.63-0.090.780.490.56-0.30.380.40.420.45-0.040.530.680.6
0.84-0.070.720.360.99-0.520.60.430.430.82-0.270.56-0.240.690.960.84-0.26-0.340.950.420.97-0.180.90.810.73
0.86-0.030.720.440.95-0.610.630.480.480.84-0.320.64-0.20.750.950.87-0.31-0.270.940.450.97-0.140.850.870.75
0.090.970.250.26-0.2-0.10.340.030.030.140.640.10.89-0.07-0.030.130.640.280.12-0.04-0.18-0.140.01-0.120.09
0.880.110.830.530.89-0.540.710.540.540.840.050.610.020.650.940.870.06-0.10.910.530.90.850.010.780.83
0.80.020.630.620.73-0.670.520.760.760.67-0.370.81-0.180.770.80.76-0.350.070.760.680.810.87-0.120.780.85
0.940.170.840.880.69-0.860.770.660.660.810.00.930.10.760.830.870.020.30.760.60.730.750.090.830.85
Click cells to compare fundamentals

Quest Resource Account Relationship Matchups

Quest Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets80.7M102.2M175.7M181.5M177.1M186.0M
Other Current Liab(627.9K)2.7M6.2M2.8M1.2M1.1M
Total Current Liabilities13.3M17.3M37.7M38.1M44.9M47.2M
Total Stockholder Equity61.6M68.0M73.6M71.1M66.3M47.2M
Net Debt1.1M8.1M55.3M62.2M67.2M70.6M
Retained Earnings(99.2M)(98.4M)(96.7M)(102.8M)(110.0M)(104.5M)
Accounts Payable13.3M12.5M26.4M28.7M38.6M40.5M
Cash3.4M7.5M8.4M9.6M324.0K307.8K
Cash And Short Term Investments3.4M7.5M8.4M9.6M324.0K307.8K
Net Receivables13.9M17.4M39.9M45.9M58.1M61.1M
Common Stock Total Equity15.4K18.4K19.0K19.7K17.7K29.3K
Common Stock Shares Outstanding15.3M16.8M20.7M19.5M20.1M11.4M
Liabilities And Stockholders Equity80.7M102.2M175.7M181.5M177.1M186.0M
Inventory245.0(266.0)(238.0)(566.0)(650.9)(618.35)
Other Current Assets1.1M1.1M2.0M2.3M2.1M2.2M
Total Liab19.0M34.2M102.0M110.4M110.8M116.4M
Total Current Assets18.4M26.0M50.3M57.8M60.6M63.6M
Other Stockholder Equity161.1M162.2M160.9M166.4M170.3M0.0
Short Long Term Debt Total5.2M15.6M63.7M71.7M67.6M70.9M
Non Currrent Assets Other306.6K293.3K1.1M574.0K314.3K388.2K
Non Current Liabilities Total5.7M16.9M64.3M72.3M65.9M69.2M
Property Plant And Equipment Gross2.1M3.4M6.3M7.5M6.9M7.3M
Short Term Debt627.9K624K1.3M1.2M1.0M990.8K
Intangible Assets1.6M6.5M39.1M33.6M26.1M27.4M
Property Plant And Equipment Net2.4M3.4M5.6M5.9M4.0M2.3M
Non Current Assets Total62.2M76.2M125.3M123.7M116.5M72.5M
Net Tangible Assets1.8M(4.8M)(46.1M)(46.7M)(42.0M)(39.9M)
Other Assets60K46.7K862.4K1.00.90.86
Long Term Debt4.5M14.9M62.4M70.6M64.6M67.9M
Retained Earnings Total Equity(99.2M)(98.4M)(96.7M)(102.8M)(92.5M)(97.1M)
Long Term Debt Total4.5M14.9M62.4M70.6M81.2M85.2M
Capital Surpluse160.9M166.4M170.3M173.9M200.0M160.0M
Non Current Liabilities Other1.1M2.0M1.9M1.7M2.0M2.1M
Property Plant Equipment2.4M3.4M5.6M5.9M6.8M7.1M
Other Liab353.04.2K2.0M1.9M1.7M2.2M
Current Deferred Revenue19K1.4M3.7M2.7M1.5M1.0M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Quest Resource Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quest Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Quest Resource Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quest Resource Holding Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quest Resource Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quest Resource. If investors know Quest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quest Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.667
Earnings Share
(0.38)
Revenue Per Share
14.016
Quarterly Revenue Growth
0.033
Return On Assets
0.0146
The market value of Quest Resource Holding is measured differently than its book value, which is the value of Quest that is recorded on the company's balance sheet. Investors also form their own opinion of Quest Resource's value that differs from its market value or its book value, called intrinsic value, which is Quest Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quest Resource's market value can be influenced by many factors that don't directly affect Quest Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quest Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quest Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quest Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.