Rackla Property Plant Equipment vs Operating Income Analysis

RAK Stock

CAD 0.14 0.02 16.67%

Rackla Metals financial indicator trend analysis is much more than just breaking down Rackla Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rackla Metals is a good investment. Please check the relationship between Rackla Metals Property Plant Equipment and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rackla Metals. 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.

Property Plant Equipment vs Operating Income

Property Plant Equipment vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rackla Metals Property Plant Equipment account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Rackla Metals' Property Plant Equipment and Operating Income is -0.6. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Operating Income in the same time period over historical financial statements of Rackla Metals, assuming nothing else is changed. The correlation between historical values of Rackla Metals' Property Plant Equipment and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Rackla Metals are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Property Plant Equipment i.e., Rackla Metals' Property Plant Equipment and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

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Property Plant Equipment

Operating Income

Operating Income is the amount of profit realized from Rackla Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Rackla Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Rackla Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rackla Metals 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 Rackla Metals. 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 climb to about 1.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.1 M in 2024.

Rackla Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Deferred Long Term Liab	Other Current Liab
Total Assets		0.8	0.99	0.66	-0.6	0.66	0.85	0.8	0.02	-0.16	-0.39	0.8	0.92	0.64	0.0	0.48	-0.29	0.81	0.94	0.88	0.81	0.58	0.58	-0.47	-0.5
Total Current Liabilities	0.8		0.7	0.16	-0.51	0.43	0.95	0.66	-0.36	-0.51	-0.59	1.0	0.93	0.66	-0.41	0.29	-0.18	0.76	0.85	0.92	0.73	0.32	0.31	-0.17	-0.22
Total Stockholder Equity	0.99	0.7		0.76	-0.56	0.65	0.78	0.77	0.14	-0.03	-0.3	0.7	0.86	0.59	0.13	0.49	-0.3	0.77	0.9	0.81	0.78	0.59	0.59	-0.49	-0.52
Net Tangible Assets	0.66	0.16	0.76		-0.11	0.31	0.3	0.43	0.6	0.51	0.12	0.17	0.35	0.22	0.65	0.37	-0.2	0.35	0.44	0.32	0.35	0.28	0.3	-0.25	-0.26
Retained Earnings	-0.6	-0.51	-0.56	-0.11		-0.96	-0.4	-0.85	0.46	0.65	0.66	-0.52	-0.57	-0.82	0.54	-0.76	0.31	-0.84	-0.77	-0.48	-0.87	-0.94	-0.95	0.85	0.92
Accounts Payable	0.66	0.43	0.65	0.31	-0.96		0.35	0.85	-0.28	-0.47	-0.52	0.43	0.55	0.74	-0.33	0.78	-0.34	0.79	0.77	0.44	0.85	0.99	0.99	-0.92	-0.97
Cash	0.85	0.95	0.78	0.3	-0.4	0.35		0.56	-0.17	-0.29	-0.4	0.95	0.97	0.53	-0.2	0.12	-0.17	0.7	0.84	0.99	0.68	0.26	0.23	-0.11	-0.15
Other Assets	0.8	0.66	0.77	0.43	-0.85	0.85	0.56		-0.32	-0.5	-0.65	0.67	0.69	0.87	-0.38	0.89	-0.37	0.87	0.9	0.59	0.87	0.77	0.81	-0.69	-0.72
Net Receivables	0.02	-0.36	0.14	0.6	0.46	-0.28	-0.17	-0.32		0.9	0.4	-0.36	-0.2	-0.38	0.9	-0.29	-0.17	-0.27	-0.28	-0.18	-0.28	-0.25	-0.26	0.22	0.23
Short Term Investments	-0.16	-0.51	-0.03	0.51	0.65	-0.47	-0.29	-0.5	0.9		0.64	-0.51	-0.36	-0.56	0.92	-0.42	0.04	-0.46	-0.44	-0.3	-0.47	-0.43	-0.44	0.38	0.4
Other Stockholder Equity	-0.39	-0.59	-0.3	0.12	0.66	-0.52	-0.4	-0.65	0.4	0.64		-0.6	-0.45	-0.79	0.64	-0.56	0.49	-0.65	-0.55	-0.39	-0.62	-0.44	-0.47	0.33	0.4
Total Liab	0.8	1.0	0.7	0.17	-0.52	0.43	0.95	0.67	-0.36	-0.51	-0.6		0.93	0.67	-0.41	0.29	-0.18	0.76	0.85	0.92	0.73	0.32	0.32	-0.17	-0.22
Total Current Assets	0.92	0.93	0.86	0.35	-0.57	0.55	0.97	0.69	-0.2	-0.36	-0.45	0.93		0.6	-0.24	0.28	-0.21	0.78	0.93	0.98	0.77	0.46	0.44	-0.34	-0.36
Common Stock	0.64	0.66	0.59	0.22	-0.82	0.74	0.53	0.87	-0.38	-0.56	-0.79	0.67	0.6		-0.5	0.77	-0.35	0.94	0.78	0.57	0.91	0.66	0.7	-0.46	-0.63
Property Plant Equipment	0.0	-0.41	0.13	0.65	0.54	-0.33	-0.2	-0.38	0.9	0.92	0.64	-0.41	-0.24	-0.5		-0.34	0.04	-0.36	-0.32	-0.21	-0.34	-0.28	-0.29	0.24	0.25
Non Current Assets Total	0.48	0.29	0.49	0.37	-0.76	0.78	0.12	0.89	-0.29	-0.42	-0.56	0.29	0.28	0.77	-0.34		-0.3	0.66	0.61	0.17	0.66	0.73	0.8	-0.7	-0.73
Non Currrent Assets Other	-0.29	-0.18	-0.3	-0.2	0.31	-0.34	-0.17	-0.37	-0.17	0.04	0.49	-0.18	-0.21	-0.35	0.04	-0.3		-0.37	-0.3	-0.2	-0.37	-0.29	-0.31	0.23	0.28
Common Stock Shares Outstanding	0.81	0.76	0.77	0.35	-0.84	0.79	0.7	0.87	-0.27	-0.46	-0.65	0.76	0.78	0.94	-0.36	0.66	-0.37		0.89	0.76	0.99	0.73	0.74	-0.51	-0.68
Net Invested Capital	0.94	0.85	0.9	0.44	-0.77	0.77	0.84	0.9	-0.28	-0.44	-0.55	0.85	0.93	0.78	-0.32	0.61	-0.3	0.89		0.87	0.9	0.69	0.69	-0.57	-0.6
Net Working Capital	0.88	0.92	0.81	0.32	-0.48	0.44	0.99	0.59	-0.18	-0.3	-0.39	0.92	0.98	0.57	-0.21	0.17	-0.2	0.76	0.87		0.75	0.36	0.34	-0.21	-0.26
Capital Stock	0.81	0.73	0.78	0.35	-0.87	0.85	0.68	0.87	-0.28	-0.47	-0.62	0.73	0.77	0.91	-0.34	0.66	-0.37	0.99	0.9	0.75		0.79	0.8	-0.59	-0.74
Property Plant And Equipment Net	0.58	0.32	0.59	0.28	-0.94	0.99	0.26	0.77	-0.25	-0.43	-0.44	0.32	0.46	0.66	-0.28	0.73	-0.29	0.73	0.69	0.36	0.79		1.0	-0.94	-0.99
Property Plant And Equipment Gross	0.58	0.31	0.59	0.3	-0.95	0.99	0.23	0.81	-0.26	-0.44	-0.47	0.32	0.44	0.7	-0.29	0.8	-0.31	0.74	0.69	0.34	0.8	1.0		-0.94	-0.99
Deferred Long Term Liab	-0.47	-0.17	-0.49	-0.25	0.85	-0.92	-0.11	-0.69	0.22	0.38	0.33	-0.17	-0.34	-0.46	0.24	-0.7	0.23	-0.51	-0.57	-0.21	-0.59	-0.94	-0.94		0.94
Other Current Liab	-0.5	-0.22	-0.52	-0.26	0.92	-0.97	-0.15	-0.72	0.23	0.4	0.4	-0.22	-0.36	-0.63	0.25	-0.73	0.28	-0.68	-0.6	-0.26	-0.74	-0.99	-0.99	0.94

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Rackla Metals Account Relationship Matchups

Rackla Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	80.4K	107.6K	1.3M	4.7M	2.7M	2.9M
Total Current Liabilities	308.3K	47.7K	294.7K	1.3M	493.8K	310.0K
Total Stockholder Equity	(228.0K)	59.8K	1.0M	3.4M	2.2M	2.3M
Net Tangible Assets	(2.9K)	(228.0K)	59.8K	1.0M	922.3K	968.4K
Retained Earnings	(8.1M)	(8.3M)	(8.6M)	(10.2M)	(14.9M)	(14.2M)
Accounts Payable	40.3K	25.9K	70.8K	127.4K	356.4K	374.2K
Cash	14.0K	20.6K	25.8K	4.4M	1.2M	631.1K
Net Receivables	1.4K	3.1K	4.8K	2.4K	2.2K	2.2K
Short Term Investments	2.3K	11.3K	5.6K	3.0K	1.5K	1.4K
Other Stockholder Equity	71.6K	67.8K	76.4K	65.6K	59.0K	82.9K
Total Liab	308.3K	47.7K	294.7K	1.3M	500.3K	310.7K
Total Current Assets	19.4K	36.6K	35.0K	4.4M	1.6M	1.7M
Property Plant Equipment	54.6K	2.2K	1.0	10.0K	9.0K	8.6K
Non Current Assets Total	61.0K	71.0K	1.3M	219.6K	1.1M	1.1M
Net Invested Capital	(228.0K)	59.8K	1.0M	3.4M	2.2M	2.3M
Net Working Capital	(289.0K)	(11.2K)	(259.6K)	3.2M	1.1M	585.4K

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