Rock Retained Earnings vs Property Plant And Equipment Net 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 Retained Earnings and its Property Plant And Equipment Net 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.

Retained Earnings vs Property Plant And Equipment Net

Retained Earnings vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rock Tech Lithium Retained Earnings account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Rock Tech's Retained Earnings and Property Plant And Equipment Net is -0.42. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Net 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 Retained Earnings and Property Plant And Equipment Net 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 Rock Tech Lithium are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Retained Earnings i.e., Rock Tech's Retained Earnings and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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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