Reading Inventory vs Total Liab Analysis
RDIB Stock | USD 6.41 0.08 1.23% |
Reading International financial indicator trend analysis is much more than just breaking down Reading International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reading International is a good investment. Please check the relationship between Reading International Inventory and its Total Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.
Inventory vs Total Liab
Inventory vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reading International Inventory account and Total Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Reading International's Inventory and Total Liab is -0.67. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Liab in the same time period over historical financial statements of Reading International B, assuming nothing else is changed. The correlation between historical values of Reading International's Inventory and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Reading International B are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Inventory i.e., Reading International's Inventory and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.67 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Inventory
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Reading International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reading International 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 Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.At present, Reading International's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.13, whereas Tax Provision is forecasted to decline to about 560.5 K.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 139.1M | 203.1M | 222.7M | 162.8M | Interest Expense | 13.7M | 14.4M | 19.4M | 27.7M |
Reading International fundamental ratios Correlations
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Reading International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reading International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 675.0M | 690.2M | 687.7M | 587.1M | 533.1M | 1.1B | |
Short Long Term Debt Total | 450.6M | 524.1M | 481.1M | 443.6M | 418.8M | 247.7M | |
Other Current Liab | 3.9M | 4.0M | 3.8M | 785K | 791K | 751.5K | |
Total Current Liabilities | 111.1M | 120.6M | 107.0M | 121.7M | 127.1M | 120.7M | |
Total Stockholder Equity | 135.3M | 77.8M | 104.1M | 62.9M | 33.1M | 31.4M | |
Property Plant And Equipment Net | 488.0M | 573.6M | 534.0M | 487.4M | 444.0M | 466.2M | |
Net Debt | 438.4M | 497.3M | 397.8M | 413.7M | 405.9M | 426.2M | |
Retained Earnings | 20.6M | (44.6M) | (12.6M) | (48.8M) | (79.5M) | (75.5M) | |
Cash | 12.1M | 26.8M | 83.3M | 29.9M | 12.9M | 12.3M | |
Non Current Assets Total | 648.0M | 633.7M | 587.4M | 539.5M | 494.3M | 252.9M | |
Non Currrent Assets Other | 120.7M | 18.8M | 16.1M | 18.2M | 8.1M | 7.7M | |
Cash And Short Term Investments | 12.1M | 26.9M | 83.3M | 30.0M | 13.2M | 12.5M | |
Common Stock Shares Outstanding | 22.6M | 21.7M | 22.4M | 22.0M | 22.2M | 16.0M | |
Short Term Investments | 47K | 26K | 23K | 17K | 15.3K | 14.5K | |
Liabilities And Stockholders Equity | 675.0M | 690.2M | 687.7M | 587.1M | 533.1M | 1.1B | |
Non Current Liabilities Total | 424.2M | 488.4M | 475.7M | 402.1M | 373.0M | 195.1M | |
Other Current Assets | 6.1M | 20.8M | 9.9M | 4.7M | 16.6M | 17.9M | |
Other Stockholder Equity | 108.9M | 109.6M | 111.6M | 113.4M | 115.0M | 97.4M | |
Total Liab | 535.4M | 609.0M | 582.6M | 523.8M | 500.1M | 972.8M | |
Total Current Assets | 27.0M | 56.5M | 100.3M | 47.5M | 38.7M | 36.8M | |
Short Term Debt | 57.8M | 65.0M | 35.8M | 62.0M | 64.1M | 99.2M | |
Accumulated Other Comprehensive Income | 5.6M | 12.5M | 4.9M | (2.0M) | (2.7M) | (2.5M) | |
Intangible Assets | 4.3M | 4.0M | 3.3M | 2.4M | 2.0M | 1.9M | |
Other Assets | 641.3M | 625.7M | 593.9K | 1.0 | 1.15 | 1.09 | |
Net Receivables | 7.1M | 8.0M | 5.4M | 6.2M | 7.6M | 6.4M | |
Accounts Payable | 38.2M | 41.4M | 46.7M | 48.3M | 49.9M | 27.0M | |
Inventory | 1.7M | 1.1M | 1.4M | 1.6M | 1.6M | 1.1M | |
Current Deferred Revenue | 11.3M | 10.1M | 10.0M | 10.3M | 11.0M | 8.6M | |
Good Will | 26.4M | 28.1M | 26.8M | 25.5M | 25.5M | 22.7M | |
Common Stock Total Equity | 231K | 232K | 248K | 250K | 287.5K | 244.1K | |
Property Plant And Equipment Gross | 488.0M | 220.5M | 534.0M | 746.9M | 661.9M | 695.0M | |
Net Tangible Assets | 148.8M | 104.6M | 45.7M | 74.1M | 66.7M | 81.4M | |
Noncontrolling Interest In Consolidated Entity | 4.3M | 4.3M | 4.3M | 986K | 887.4K | 843.0K | |
Long Term Debt | 169.6M | 240.3M | 221.9M | 175.6M | 173.8M | 171.2M | |
Retained Earnings Total Equity | 10.7M | 47.6M | 20.6M | (12.6M) | (14.5M) | (13.8M) | |
Long Term Debt Total | 122.4M | 132.3M | 169.7M | 221.9M | 255.2M | 154.4M | |
Capital Surpluse | 145.9M | 147.5M | 148.6M | 152.0M | 174.8M | 159.6M | |
Deferred Long Term Liab | 12.3M | 11.7M | 12.6M | 7.5M | 8.6M | 11.9M | |
Long Term Investments | 5.9M | 5.9M | 14.7M | 5.6M | 5.0M | 4.8M |
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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 Reading International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reading International'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 Reading International B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reading International B Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Movies & Entertainment 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 Reading International. If investors know Reading 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 Reading International 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 (0.29) | Earnings Share (1.88) | Revenue Per Share 9.128 | Quarterly Revenue Growth (0.28) | Return On Assets (0.02) |
The market value of Reading International is measured differently than its book value, which is the value of Reading that is recorded on the company's balance sheet. Investors also form their own opinion of Reading International's value that differs from its market value or its book value, called intrinsic value, which is Reading International'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 Reading International's market value can be influenced by many factors that don't directly affect Reading International'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 Reading International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reading International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reading International'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.