Rent Payables Turnover vs Free Cash Flow Yield Analysis

RENT Stock

USD 10.05 0.04 0.40%

Rent The financial indicator trend analysis is much more than just breaking down Rent the Runway prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rent the Runway is a good investment. Please check the relationship between Rent The Payables Turnover and its Free Cash Flow Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rent the Runway. 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.

Payables Turnover vs Free Cash Flow Yield

Payables Turnover vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rent the Runway Payables Turnover account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Rent The's Payables Turnover and Free Cash Flow Yield is -0.54. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Rent the Runway, assuming nothing else is changed. The correlation between historical values of Rent The's Payables Turnover and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Rent the Runway are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Payables Turnover i.e., Rent The's Payables Turnover and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

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Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Rent The's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rent the Runway 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 Rent the Runway. 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, Rent The's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.58 in 2024, whereas Enterprise Value is likely to drop slightly above 298.8 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	329.2M	392.3M	199.7M	148.2M
Cost Of Revenue	133.6M	92.2M	178.5M	99.9M

Total Operating Expenses Cost Of Revenue

Rent The fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Long Term Debt Total	Retained Earnings	Good Will	Intangible Assets	Non Current Liabilities Total
Total Assets		0.92	0.9	-0.34	0.72	0.69	0.53	0.43	0.73	0.85	0.78	0.7	-0.68	-0.08	0.83	0.47	0.09	0.66	0.68	0.88	0.73	0.81	-0.65	0.85	-0.49	0.64
Other Current Liab	0.92		0.89	-0.28	0.68	0.72	0.5	0.25	0.69	0.78	0.74	0.64	-0.73	-0.31	0.76	0.57	0.18	0.58	0.63	0.81	0.72	0.78	-0.68	0.77	-0.52	0.56
Total Current Liabilities	0.9	0.89		-0.48	0.84	0.86	0.59	0.65	0.7	0.81	0.71	0.56	-0.79	0.04	0.75	0.47	0.03	0.74	0.54	0.91	0.83	0.85	-0.68	0.76	-0.63	0.7
Total Stockholder Equity	-0.34	-0.28	-0.48		-0.83	-0.53	-0.84	-0.36	0.03	-0.67	-0.42	0.26	0.64	-0.14	-0.47	0.13	0.54	-0.92	0.3	-0.4	-0.68	-0.7	0.29	-0.48	0.38	-0.94
Property Plant And Equipment Net	0.72	0.68	0.84	-0.83		0.85	0.9	0.5	0.35	0.87	0.69	0.17	-0.9	0.09	0.82	0.31	-0.17	0.92	0.14	0.71	0.95	0.89	-0.66	0.83	-0.65	0.94
Current Deferred Revenue	0.69	0.72	0.86	-0.53	0.85		0.7	0.5	0.4	0.75	0.64	0.26	-0.84	0.0	0.77	0.49	0.13	0.67	0.25	0.68	0.85	0.75	-0.7	0.78	-0.68	0.67
Net Debt	0.53	0.5	0.59	-0.84	0.9	0.7		0.22	0.19	0.73	0.61	0.02	-0.89	0.12	0.8	0.34	-0.03	0.84	-0.01	0.52	0.91	0.85	-0.71	0.79	-0.71	0.89
Accounts Payable	0.43	0.25	0.65	-0.36	0.5	0.5	0.22		0.42	0.39	0.2	0.27	-0.3	0.61	0.25	0.01	-0.24	0.48	0.26	0.58	0.43	0.42	-0.22	0.28	-0.32	0.44
Cash	0.73	0.69	0.7	0.03	0.35	0.4	0.19	0.42		0.29	0.58	0.95	-0.49	0.08	0.42	0.69	0.42	0.26	0.94	0.88	0.5	0.62	-0.69	0.43	-0.62	0.23
Non Current Assets Total	0.85	0.78	0.81	-0.67	0.87	0.75	0.73	0.39	0.29		0.69	0.22	-0.69	-0.11	0.84	0.14	-0.27	0.87	0.19	0.65	0.76	0.79	-0.45	0.86	-0.33	0.86
Non Currrent Assets Other	0.78	0.74	0.71	-0.42	0.69	0.64	0.61	0.2	0.58	0.69		0.51	-0.69	-0.14	0.71	0.54	0.13	0.62	0.5	0.75	0.72	0.76	-0.67	0.74	-0.57	0.63
Cash And Short Term Investments	0.7	0.64	0.56	0.26	0.17	0.26	0.02	0.27	0.95	0.22	0.51		-0.32	0.0	0.4	0.66	0.51	0.07	1.0	0.76	0.34	0.44	-0.58	0.4	-0.45	0.05
Net Receivables	-0.68	-0.73	-0.79	0.64	-0.9	-0.84	-0.89	-0.3	-0.49	-0.69	-0.69	-0.32		-0.02	-0.82	-0.64	-0.2	-0.74	-0.3	-0.72	-0.97	-0.89	0.88	-0.82	0.86	-0.77
Common Stock Shares Outstanding	-0.08	-0.31	0.04	-0.14	0.09	0.0	0.12	0.61	0.08	-0.11	-0.14	0.0	-0.02		-0.01	0.01	0.03	0.1	0.0	0.07	0.14	0.1	-0.13	0.0	-0.29	0.09
Short Term Investments	0.83	0.76	0.75	-0.47	0.82	0.77	0.8	0.25	0.42	0.84	0.71	0.4	-0.82	-0.01		0.53	0.21	0.67	0.38	0.64	0.88	0.79	-0.77	1.0	-0.62	0.7
Other Current Assets	0.47	0.57	0.47	0.13	0.31	0.49	0.34	0.01	0.69	0.14	0.54	0.66	-0.64	0.01	0.53		0.83	0.03	0.68	0.54	0.58	0.48	-0.88	0.52	-0.81	0.06
Other Stockholder Equity	0.09	0.18	0.03	0.54	-0.17	0.13	-0.03	-0.24	0.42	-0.27	0.13	0.51	-0.2	0.03	0.21	0.83		-0.43	0.53	0.11	0.15	0.03	-0.6	0.19	-0.53	-0.4
Total Liab	0.66	0.58	0.74	-0.92	0.92	0.67	0.84	0.48	0.26	0.87	0.62	0.07	-0.74	0.1	0.67	0.03	-0.43		0.03	0.66	0.79	0.87	-0.45	0.68	-0.45	0.99
Total Current Assets	0.68	0.63	0.54	0.3	0.14	0.25	-0.01	0.26	0.94	0.19	0.5	1.0	-0.3	0.0	0.38	0.68	0.53	0.03		0.73	0.32	0.41	-0.58	0.39	-0.44	0.01
Short Term Debt	0.88	0.81	0.91	-0.4	0.71	0.68	0.52	0.58	0.88	0.65	0.75	0.76	-0.72	0.07	0.64	0.54	0.11	0.66	0.73		0.76	0.86	-0.72	0.65	-0.67	0.64
Common Stock	0.73	0.72	0.83	-0.68	0.95	0.85	0.91	0.43	0.5	0.76	0.72	0.34	-0.97	0.14	0.88	0.58	0.15	0.79	0.32	0.76		0.92	-0.86	0.87	-0.85	0.82
Short Long Term Debt Total	0.81	0.78	0.85	-0.7	0.89	0.75	0.85	0.42	0.62	0.79	0.76	0.44	-0.89	0.1	0.79	0.48	0.03	0.87	0.41	0.86	0.92		-0.8	0.79	-0.77	0.87
Retained Earnings	-0.65	-0.68	-0.68	0.29	-0.66	-0.7	-0.71	-0.22	-0.69	-0.45	-0.67	-0.58	0.88	-0.13	-0.77	-0.88	-0.6	-0.45	-0.58	-0.72	-0.86	-0.8		-0.76	0.96	-0.48
Good Will	0.85	0.77	0.76	-0.48	0.83	0.78	0.79	0.28	0.43	0.86	0.74	0.4	-0.82	0.0	1.0	0.52	0.19	0.68	0.39	0.65	0.87	0.79	-0.76		-0.61	0.71
Intangible Assets	-0.49	-0.52	-0.63	0.38	-0.65	-0.68	-0.71	-0.32	-0.62	-0.33	-0.57	-0.45	0.86	-0.29	-0.62	-0.81	-0.53	-0.45	-0.44	-0.67	-0.85	-0.77	0.96	-0.61		-0.49
Non Current Liabilities Total	0.64	0.56	0.7	-0.94	0.94	0.67	0.89	0.44	0.23	0.86	0.63	0.05	-0.77	0.09	0.7	0.06	-0.4	0.99	0.01	0.64	0.82	0.87	-0.48	0.71	-0.49

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Rent Payables Turnover vs Free Cash Flow Yield Analysis

Payables Turnover vs Free Cash Flow Yield

Payables Turnover vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Payables Turnover

Free Cash Flow Yield

Rent The fundamental ratios Correlations

Rent The Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Good Will	+ 1.0	Short Term Investments
Non Current Liabilities Total	+ 0.99	Total Liab
Intangible Assets	+ 0.96	Retained Earnings
Common Stock	+ 0.95	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.95	Cash

Common Stock	- 0.97	Net Receivables
Non Current Liabilities Total	- 0.94	Total Stockholder Equity
Total Liab	- 0.92	Total Stockholder Equity
Net Receivables	- 0.9	Property Plant And Equipment Net
Short Long Term Debt Total	- 0.89	Net Receivables
Net Receivables	- 0.89	Net Debt