Rock Net Interest Income vs Income Tax Expense Analysis

RCK Stock

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

Net Interest Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rock Tech Lithium Net Interest Income account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Rock Tech's Net Interest Income and Income Tax Expense is -0.21. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Rock Tech Lithium, assuming nothing else is changed. The correlation between historical values of Rock Tech's Net Interest Income 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 Net Interest Income of Rock Tech Lithium 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 Net Interest Income i.e., Rock Tech's Net Interest Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Income Tax Expense

Most indicators from Rock Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rock Tech Lithium 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 Rock Tech Lithium. 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.

At this time, Rock Tech's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 110 M in 2024, despite the fact that Tax Provision is likely to grow to (180.8 K).

Rock Tech fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Non Current Liabilities Total	Inventory	Short Term Debt	Property Plant And Equipment Net	Accounts Payable	Other Stockholder Equity	Short Term Investments	Net Tangible Assets
Total Assets		0.98	1.0	-0.79	0.71	0.82	0.8	0.98	0.93	0.89	0.5	0.69	-0.91	0.92	0.84	0.86	0.92	-0.44	0.92	-0.39	-0.03	0.76	0.91	0.7	0.07	0.94
Total Current Liabilities	0.98		0.97	-0.71	0.71	0.72	0.74	1.0	0.94	0.82	0.56	0.61	-0.93	0.94	0.77	0.78	0.94	-0.35	0.9	-0.24	0.11	0.77	0.94	0.66	-0.02	0.88
Total Stockholder Equity	1.0	0.97		-0.8	0.7	0.83	0.81	0.97	0.93	0.89	0.49	0.69	-0.91	0.92	0.85	0.87	0.92	-0.45	0.91	-0.41	-0.05	0.75	0.91	0.7	0.09	0.94
Retained Earnings	-0.79	-0.71	-0.8		-0.54	-0.97	-0.83	-0.73	-0.54	-0.98	-0.54	-0.93	0.5	-0.52	-0.95	-0.86	-0.52	0.76	-0.8	0.42	0.09	-0.42	-0.58	-0.6	-0.13	-0.93
Net Receivables	0.71	0.71	0.7	-0.54		0.49	0.79	0.73	0.69	0.6	0.62	0.53	-0.65	0.65	0.55	0.49	0.65	0.01	0.89	-0.24	0.05	0.91	0.44	0.42	0.01	0.57
Common Stock Shares Outstanding	0.82	0.72	0.83	-0.97	0.49		0.79	0.74	0.62	0.97	0.37	0.84	-0.59	0.61	0.91	0.91	0.61	-0.74	0.77	-0.56	-0.24	0.42	0.65	0.57	0.28	0.95
Other Current Assets	0.8	0.74	0.81	-0.83	0.79	0.79		0.76	0.63	0.86	0.59	0.87	-0.58	0.6	0.86	0.76	0.6	-0.52	0.9	-0.42	-0.08	0.66	0.54	0.58	0.06	0.84
Total Liab	0.98	1.0	0.97	-0.73	0.73	0.74	0.76		0.94	0.84	0.57	0.63	-0.92	0.93	0.79	0.78	0.93	-0.36	0.91	-0.26	0.09	0.78	0.92	0.66	-0.02	0.89
Total Current Assets	0.93	0.94	0.93	-0.54	0.69	0.62	0.63	0.94		0.68	0.32	0.39	-1.0	1.0	0.59	0.73	1.0	-0.14	0.83	-0.39	-0.1	0.78	0.92	0.51	0.09	0.78
Common Stock	0.89	0.82	0.89	-0.98	0.6	0.97	0.86	0.84	0.68		0.55	0.91	-0.64	0.67	0.97	0.9	0.67	-0.73	0.86	-0.42	-0.07	0.53	0.71	0.67	0.1	0.98
Short Long Term Debt Total	0.5	0.56	0.49	-0.54	0.62	0.37	0.59	0.57	0.32	0.55		0.67	-0.28	0.3	0.64	0.35	0.3	-0.25	0.63	0.42	0.71	0.6	0.34	0.63	-0.31	0.47
Other Current Liab	0.69	0.61	0.69	-0.93	0.53	0.84	0.87	0.63	0.39	0.91	0.67		-0.33	0.36	0.95	0.73	0.36	-0.78	0.74	-0.23	0.1	0.42	0.44	0.68	-0.04	0.83
Net Debt	-0.91	-0.93	-0.91	0.5	-0.65	-0.59	-0.58	-0.92	-1.0	-0.64	-0.28	-0.33		-1.0	-0.55	-0.7	-1.0	0.11	-0.79	0.39	0.11	-0.75	-0.92	-0.49	-0.1	-0.75
Cash	0.92	0.94	0.92	-0.52	0.65	0.61	0.6	0.93	1.0	0.67	0.3	0.36	-1.0		0.57	0.72	1.0	-0.14	0.81	-0.39	-0.11	0.76	0.93	0.51	0.1	0.77
Non Current Assets Total	0.84	0.77	0.85	-0.95	0.55	0.91	0.86	0.79	0.59	0.97	0.64	0.95	-0.55	0.57		0.83	0.57	-0.77	0.81	-0.29	0.07	0.53	0.67	0.79	0.03	0.94
Non Currrent Assets Other	0.86	0.78	0.87	-0.86	0.49	0.91	0.76	0.78	0.73	0.9	0.35	0.73	-0.7	0.72	0.83		0.72	-0.61	0.76	-0.49	-0.18	0.49	0.73	0.6	0.31	0.92
Cash And Short Term Investments	0.92	0.94	0.92	-0.52	0.65	0.61	0.6	0.93	1.0	0.67	0.3	0.36	-1.0	1.0	0.57	0.72		-0.14	0.81	-0.39	-0.11	0.76	0.93	0.51	0.1	0.77
Good Will	-0.44	-0.35	-0.45	0.76	0.01	-0.74	-0.52	-0.36	-0.14	-0.73	-0.25	-0.78	0.11	-0.14	-0.77	-0.61	-0.14		-0.31	0.25	0.05	0.07	-0.36	-0.49	0.02	-0.69
Non Current Liabilities Total	0.92	0.9	0.91	-0.8	0.89	0.77	0.9	0.91	0.83	0.86	0.63	0.74	-0.79	0.81	0.81	0.76	0.81	-0.31		-0.38	-0.02	0.81	0.72	0.57	0.04	0.87
Inventory	-0.39	-0.24	-0.41	0.42	-0.24	-0.56	-0.42	-0.26	-0.39	-0.42	0.42	-0.23	0.39	-0.39	-0.29	-0.49	-0.39	0.25	-0.38		0.91	-0.09	-0.27	0.06	-0.48	-0.47
Short Term Debt	-0.03	0.11	-0.05	0.09	0.05	-0.24	-0.08	0.09	-0.1	-0.07	0.71	0.1	0.11	-0.11	0.07	-0.18	-0.11	0.05	-0.02	0.91		0.2	0.03	0.36	-0.47	-0.12
Property Plant And Equipment Net	0.76	0.77	0.75	-0.42	0.91	0.42	0.66	0.78	0.78	0.53	0.6	0.42	-0.75	0.76	0.53	0.49	0.76	0.07	0.81	-0.09	0.2		0.59	0.61	0.03	0.54
Accounts Payable	0.91	0.94	0.91	-0.58	0.44	0.65	0.54	0.92	0.92	0.71	0.34	0.44	-0.92	0.93	0.67	0.73	0.93	-0.36	0.72	-0.27	0.03	0.59		0.63	0.0	0.82
Other Stockholder Equity	0.7	0.66	0.7	-0.6	0.42	0.57	0.58	0.66	0.51	0.67	0.63	0.68	-0.49	0.51	0.79	0.6	0.51	-0.49	0.57	0.06	0.36	0.61	0.63		-0.1	0.66
Short Term Investments	0.07	-0.02	0.09	-0.13	0.01	0.28	0.06	-0.02	0.09	0.1	-0.31	-0.04	-0.1	0.1	0.03	0.31	0.1	0.02	0.04	-0.48	-0.47	0.03	0.0	-0.1		0.1
Net Tangible Assets	0.94	0.88	0.94	-0.93	0.57	0.95	0.84	0.89	0.78	0.98	0.47	0.83	-0.75	0.77	0.94	0.92	0.77	-0.69	0.87	-0.47	-0.12	0.54	0.82	0.66	0.1

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Rock Tech Account Relationship Matchups

Rock Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.6M	13.4M	72.0M	65.0M	46.8M	49.2M
Total Current Liabilities	242.7K	781.1K	9.3M	7.7M	4.9M	5.1M
Total Stockholder Equity	5.3M	12.6M	62.2M	56.3M	41.4M	43.5M
Retained Earnings	(34.5M)	(37.5M)	(59.7M)	(121.3M)	(150.0M)	(142.5M)
Net Receivables	10.5K	14.0K	826.4K	3.2M	491.1K	247.5K
Common Stock Shares Outstanding	35.0M	38.9M	58.3M	77.8M	96.6M	101.4M
Liabilities And Stockholders Equity	5.6M	13.4M	72.0M	65.0M	46.8M	49.2M
Other Current Assets	70.0K	162.4K	309.7K	1.0M	630.9K	662.5K
Total Liab	242.7K	781.1K	9.8M	8.7M	5.4M	5.7M
Total Current Assets	1.7M	9.2M	56.9M	39.1M	15.8M	16.6M
Common Stock	32.0M	42.0M	107.6M	157.6M	169.0M	177.4M
Other Current Liab	20.1K	31K	207.0K	4.1M	4.7M	4.9M
Net Debt	(1.7M)	(9.0M)	(55.5M)	(33.8M)	(14.0M)	(13.3M)
Cash	1.7M	9.0M	55.8M	34.8M	14.7M	15.4M
Non Current Assets Total	3.8M	4.3M	15.1M	25.9M	31.0M	32.6M
Non Currrent Assets Other	3.0M	3.5M	3.8M	25.9M	29.8M	31.3M
Cash And Short Term Investments	1.7M	9.0M	55.8M	34.8M	14.7M	15.4M
Property Plant And Equipment Net	3.8M	4.3M	15.1M	25.2M	4.4M	5.2M
Accounts Payable	222.6K	720.1K	8.9M	3.4M	3.9M	4.0M
Other Stockholder Equity	6.7M	1.0M	8.1M	20.0M	23.0M	24.2M
Accumulated Other Comprehensive Income	6.8M	8.1M	14.3M	20.0M	22.4M	23.5M
Net Tangible Assets	4.5M	5.3M	12.6M	56.3M	64.8M	68.0M
Property Plant Equipment	3.5M	3.8M	4.3M	25.2M	29.0M	30.4M
Net Invested Capital	5.3M	12.7M	62.2M	56.3M	64.8M	68.0M
Net Working Capital	1.5M	8.4M	47.6M	31.4M	36.1M	37.9M
Capital Stock	32.0M	42.0M	107.6M	157.6M	181.3M	190.3M

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