RGC Ebit vs Reconciled Depreciation Analysis

RGCO Stock  USD 21.37  1.15  5.69%   
RGC Resources financial indicator trend analysis is much more than just breaking down RGC Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RGC Resources is a good investment. Please check the relationship between RGC Resources Ebit and its Reconciled Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RGC Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in RGC Stock, please use our How to Invest in RGC Resources guide.

Ebit vs Reconciled Depreciation

Ebit vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RGC Resources Ebit account and Reconciled Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between RGC Resources' Ebit and Reconciled Depreciation is 0.11. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of RGC Resources, assuming nothing else is changed. The correlation between historical values of RGC Resources' Ebit and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of RGC Resources are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Ebit i.e., RGC Resources' Ebit and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

Ebit

Reconciled Depreciation

Most indicators from RGC Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RGC Resources 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 RGC Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in RGC Stock, please use our How to Invest in RGC Resources guide.At this time, RGC Resources' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 3.3 M, while Issuance Of Capital Stock is likely to drop about 4.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit26.2M29.8M34.2M35.4M
Total Revenue84.2M97.4M112.1M85.2M

RGC Resources fundamental ratios Correlations

0.980.520.420.990.990.97-0.150.32-0.021.00.08-0.020.340.970.780.990.440.760.71.00.990.50.030.97-0.33
0.980.450.330.960.960.99-0.230.35-0.050.98-0.03-0.050.330.940.720.990.430.790.770.990.960.48-0.060.94-0.22
0.520.450.70.580.560.46-0.340.320.120.50.370.120.40.570.630.440.50.560.570.490.560.510.340.580.05
0.420.330.70.490.460.29-0.290.110.370.38-0.080.370.290.420.640.290.50.570.430.390.460.630.810.43-0.28
0.990.960.580.490.980.94-0.160.30.020.990.110.020.350.980.790.970.480.750.690.990.980.540.10.98-0.37
0.990.960.560.460.980.96-0.290.31-0.030.980.07-0.030.290.980.790.960.530.760.750.981.00.540.070.98-0.31
0.970.990.460.290.940.96-0.270.35-0.120.97-0.01-0.120.280.930.70.980.420.790.790.970.960.43-0.10.93-0.14
-0.15-0.23-0.34-0.29-0.16-0.29-0.27-0.27-0.18-0.120.34-0.18-0.06-0.24-0.17-0.11-0.68-0.26-0.74-0.15-0.29-0.48-0.08-0.26-0.24
0.320.350.320.110.30.310.35-0.270.210.29-0.150.210.730.290.240.330.60.30.460.330.310.58-0.440.290.0
-0.02-0.050.120.370.02-0.03-0.12-0.180.21-0.08-0.251.00.660.030.09-0.080.41-0.010.1-0.04-0.030.70.260.03-0.46
1.00.980.50.380.990.980.97-0.120.29-0.080.11-0.080.30.960.760.990.390.750.671.00.980.440.010.96-0.31
0.08-0.030.37-0.080.110.07-0.010.34-0.15-0.250.11-0.250.00.170.120.09-0.19-0.17-0.270.070.07-0.29-0.070.16-0.01
-0.02-0.050.120.370.02-0.03-0.12-0.180.211.0-0.08-0.250.660.030.09-0.080.41-0.010.1-0.04-0.030.70.260.03-0.46
0.340.330.40.290.350.290.28-0.060.730.660.30.00.660.340.390.330.540.340.320.330.290.75-0.140.33-0.32
0.970.940.570.420.980.980.93-0.240.290.030.960.170.030.340.790.950.530.690.680.960.980.540.041.0-0.39
0.780.720.630.640.790.790.7-0.170.240.090.760.120.090.390.790.750.60.730.530.770.790.60.30.79-0.38
0.990.990.440.290.970.960.98-0.110.33-0.080.990.09-0.080.330.950.750.390.740.670.990.960.43-0.090.95-0.3
0.440.430.50.50.480.530.42-0.680.60.410.39-0.190.410.540.530.60.390.370.640.430.530.870.050.53-0.31
0.760.790.560.570.750.760.79-0.260.3-0.010.75-0.17-0.010.340.690.730.740.370.730.760.760.50.280.70.02
0.70.770.570.430.690.750.79-0.740.460.10.67-0.270.10.320.680.530.670.640.730.70.750.60.040.690.15
1.00.990.490.390.990.980.97-0.150.33-0.041.00.07-0.040.330.960.770.990.430.760.70.980.480.00.96-0.32
0.990.960.560.460.981.00.96-0.290.31-0.030.980.07-0.030.290.980.790.960.530.760.750.980.540.070.98-0.31
0.50.480.510.630.540.540.43-0.480.580.70.44-0.290.70.750.540.60.430.870.50.60.480.540.20.55-0.44
0.03-0.060.340.810.10.07-0.1-0.08-0.440.260.01-0.070.26-0.140.040.3-0.090.050.280.040.00.070.20.05-0.19
0.970.940.580.430.980.980.93-0.260.290.030.960.160.030.331.00.790.950.530.70.690.960.980.550.05-0.38
-0.33-0.220.05-0.28-0.37-0.31-0.14-0.240.0-0.46-0.31-0.01-0.46-0.32-0.39-0.38-0.3-0.310.020.15-0.32-0.31-0.44-0.19-0.38
Click cells to compare fundamentals

RGC Resources Account Relationship Matchups

RGC Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets281.7M310.1M290.3M303.7M349.3M366.8M
Short Long Term Debt Total131.3M140.5M137.0M141.2M162.3M170.5M
Other Current Liab1.4M8.2M9.6M11.8M13.5M7.8M
Total Current Liabilities16.6M26.0M22.3M32.9M37.9M27.5M
Total Stockholder Equity88.9M99.7M93.1M100.7M115.8M121.6M
Property Plant And Equipment Net198.4M211.6M229.9M247.6M284.7M299.0M
Net Debt123.5M132.0M130.8M139.7M160.6M168.6M
Retained Earnings35.7M39.7M544.2K4.0M4.6M4.3M
Accounts Payable4.4M7.7M8.6M5.8M5.3M5.7M
Cash291.1K1.5M4.9M1.5M1.7M2.4M
Non Current Assets Total267.2M285.0M254.8M276.9M318.5M334.4M
Non Currrent Assets Other11.3M8.4M10.1M7.9M9.1M7.1M
Cash And Short Term Investments291.1K1.5M4.9M1.5M1.7M2.4M
Net Receivables3.4M4.9M5.4M4.2M3.8M3.6M
Common Stock Total Equity40.4M40.8M41.9M49.1M56.5M59.3M
Common Stock Shares Outstanding8.1M8.3M9.1M9.9M11.4M7.2M
Liabilities And Stockholders Equity281.7M310.1M290.3M303.7M349.3M366.8M
Non Current Liabilities Total176.2M184.4M174.9M170.1M195.6M205.4M
Inventory6.7M8.9M18.1M12.9M14.8M12.4M
Other Current Assets3.4M6.7M2.8M8.2M7.4M4.2M
Other Stockholder Equity15.8M19.7M41.5M44.4M40.0M42.0M
Total Liab192.8M210.4M197.2M203.0M233.4M245.1M
Property Plant And Equipment Gross198.4M211.6M229.9M247.6M284.7M299.0M
Total Current Assets14.4M25.1M35.5M26.8M30.8M26.9M
Accumulated Other Comprehensive Income(3.4M)(1.5M)2.0M2.3M2.6M2.7M
Short Term Debt7.5M7M1.3M15.3M17.6M10.8M
Common Stock40.8M41.9M49.1M50.1M57.6M60.5M
Current Deferred Revenue3.2M3.1M2.9M3.4M3.1M2.6M
Other Assets12.6M11.3M73.3M24.9M28.6M30.1M
Long Term Debt123.8M133.5M135.7M125.8M144.7M152.0M
Property Plant Equipment182.0M198.4M211.6M229.9M264.3M277.6M
Other Liab49.5M50.7M50.9M39.2M45.1M31.5M
Net Tangible Assets83.1M88.9M99.7M93.1M107.1M98.9M
Retained Earnings Total Equity30.8M35.7M39.7M544.2K625.8K594.5K
Long Term Debt Total103.4M123.8M133.5M135.7M156.0M163.9M
Capital Surpluse14.4M15.8M19.7M41.5M47.7M50.1M
Deferred Long Term Liab12.2M11.0M6.8M5.4M4.9M4.7M
Long Term Investments57.5M64.9M13.8M17.2M19.8M29.5M
Non Current Liabilities Other52.4M50.9M39.2M44.2M50.9M35.7M

Pair Trading with RGC Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RGC Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RGC Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to RGC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RGC Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RGC Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RGC Resources to buy it.
The correlation of RGC Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RGC Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RGC Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RGC Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether RGC Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RGC Resources' 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 Rgc Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rgc Resources Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RGC Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in RGC Stock, please use our How to Invest in RGC Resources guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Gas Utilities 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 RGC Resources. If investors know RGC 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 RGC Resources 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
(0.90)
Earnings Share
1.16
Revenue Per Share
8.337
Quarterly Revenue Growth
0.051
Return On Assets
0.0342
The market value of RGC Resources is measured differently than its book value, which is the value of RGC that is recorded on the company's balance sheet. Investors also form their own opinion of RGC Resources' value that differs from its market value or its book value, called intrinsic value, which is RGC Resources' 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 RGC Resources' market value can be influenced by many factors that don't directly affect RGC Resources' 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 RGC Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if RGC Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RGC Resources' 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.