Royce Asset Turnover vs Net Debt Analysis

RGT Stock

USD 11.79 0.07 0.60%

Royce Global financial indicator trend analysis is much more than just breaking down Royce Global Value prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royce Global Value is a good investment. Please check the relationship between Royce Global Asset Turnover and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Global Value. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royce Global Value Asset Turnover account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Royce Global's Asset Turnover and Net Debt is -0.37. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Debt in the same time period over historical financial statements of Royce Global Value, assuming nothing else is changed. The correlation between historical values of Royce Global's Asset Turnover and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Royce Global Value are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Asset Turnover i.e., Royce Global's Asset Turnover and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Royce Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royce Global Value 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 Royce Global Value. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Royce Global's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.10 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.01 in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	396.1K	340.0K	2.4M	2.5M
Cost Of Revenue	1.1M	864.4K	870.0K	1.4M

Total Operating Expenses Cost Of Revenue

Royce Global fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Common Stock	Retained Earnings	Short Long Term Debt Total	Long Term Debt	Long Term Debt Total	Other Current Assets	Cash And Equivalents	Other Stockholder Equity	Net Invested Capital
Total Assets		-0.34	0.37	0.99	0.49	0.42	-0.3	1.0	-0.56	-0.04	-0.3	0.04	0.68	0.67	0.14	0.35	0.05	0.66	-0.16	0.63	0.62	0.62	-0.08	-0.03	0.38	0.73
Other Current Liab	-0.34		-0.44	-0.4	0.1	-0.58	0.42	-0.32	0.58	0.32	0.42	-0.36	-0.11	-0.09	0.19	0.31	-0.33	-0.02	-0.36	-0.17	-0.14	-0.14	-0.34	0.04	-0.42	-0.22
Total Current Liabilities	0.37	-0.44		0.38	0.25	0.98	0.01	0.36	0.12	0.2	0.01	0.24	0.42	0.38	0.41	0.05	0.28	0.33	0.1	0.42	0.4	0.4	0.2	0.48	0.54	0.56
Total Stockholder Equity	0.99	-0.4	0.38		0.36	0.42	-0.24	0.98	-0.59	-0.09	-0.24	0.17	0.73	0.69	0.03	0.19	0.16	0.72	-0.21	0.65	0.64	0.64	-0.08	0.06	0.39	0.79
Net Debt	0.49	0.1	0.25	0.36		0.3	-0.57	0.52	-0.08	0.31	-0.57	-0.59	0.14	0.25	0.55	0.88	-0.53	0.05	0.15	0.25	0.23	0.23	0.13	-0.37	0.37	0.1
Accounts Payable	0.42	-0.58	0.98	0.42	0.3		-0.17	0.41	-0.04	0.19	-0.17	0.2	0.37	0.33	0.39	0.09	0.23	0.27	0.2	0.39	0.36	0.36	0.28	0.35	0.58	0.51
Cash	-0.3	0.42	0.01	-0.24	-0.57	-0.17		-0.31	0.65	-0.26	1.0	0.3	0.02	0.02	-0.01	-0.35	0.31	0.13	-0.27	-0.02	0.01	0.01	-0.42	0.47	-0.45	0.06
Non Current Assets Total	1.0	-0.32	0.36	0.98	0.52	0.41	-0.31		-0.56	-0.04	-0.31	-0.01	0.66	0.65	0.16	0.38	0.0	0.64	-0.14	0.61	0.6	0.6	-0.06	-0.06	0.37	0.71
Non Currrent Assets Other	-0.56	0.58	0.12	-0.59	-0.08	-0.04	0.65	-0.56		-0.04	0.65	-0.16	-0.26	-0.26	0.23	0.02	-0.1	-0.25	-0.06	-0.25	-0.25	-0.25	-0.01	0.28	-0.16	-0.29
Other Assets	-0.04	0.32	0.2	-0.09	0.31	0.19	-0.26	-0.04	-0.04		-0.26	-0.07	0.19	0.17	0.4	0.29	-0.07	0.19	-0.17	0.16	0.16	0.16	-0.06	0.29	0.1	0.19
Cash And Short Term Investments	-0.3	0.42	0.01	-0.24	-0.57	-0.17	1.0	-0.31	0.65	-0.26		0.3	0.02	0.02	-0.01	-0.35	0.31	0.13	-0.27	-0.02	0.01	0.01	-0.42	0.47	-0.45	0.06
Net Receivables	0.04	-0.36	0.24	0.17	-0.59	0.2	0.3	-0.01	-0.16	-0.07	0.3		0.48	0.45	-0.48	-0.74	0.98	0.47	-0.45	0.46	0.45	0.45	-0.31	0.69	0.21	0.49
Common Stock Total Equity	0.68	-0.11	0.42	0.73	0.14	0.37	0.02	0.66	-0.26	0.19	0.02	0.48		0.9	-0.18	-0.14	0.43	0.97	-0.71	0.84	0.82	0.82	-0.22	0.63	0.56	0.95
Common Stock Shares Outstanding	0.67	-0.09	0.38	0.69	0.25	0.33	0.02	0.65	-0.26	0.17	0.02	0.45	0.9		0.02	0.01	0.4	0.86	-0.55	0.99	0.98	0.98	-0.42	0.56	0.48	0.89
Non Current Liabilities Total	0.14	0.19	0.41	0.03	0.55	0.39	-0.01	0.16	0.23	0.4	-0.01	-0.48	-0.18	0.02		0.69	-0.4	-0.19	0.53	0.04	0.05	0.05	0.07	-0.13	-0.11	-0.02
Total Liab	0.35	0.31	0.05	0.19	0.88	0.09	-0.35	0.38	0.02	0.29	-0.35	-0.74	-0.14	0.01	0.69		-0.64	-0.14	0.28	0.02	0.03	0.03	-0.03	-0.56	-0.1	-0.13
Total Current Assets	0.05	-0.33	0.28	0.16	-0.53	0.23	0.31	0.0	-0.1	-0.07	0.31	0.98	0.43	0.4	-0.4	-0.64		0.42	-0.42	0.41	0.4	0.4	-0.3	0.63	0.18	0.44
Common Stock	0.66	-0.02	0.33	0.72	0.05	0.27	0.13	0.64	-0.25	0.19	0.13	0.47	0.97	0.86	-0.19	-0.14	0.42		-0.76	0.79	0.79	0.79	-0.29	0.62	0.37	0.93
Retained Earnings	-0.16	-0.36	0.1	-0.21	0.15	0.2	-0.27	-0.14	-0.06	-0.17	-0.27	-0.45	-0.71	-0.55	0.53	0.28	-0.42	-0.76		-0.47	-0.47	-0.47	0.4	-0.57	-0.17	-0.52
Short Long Term Debt Total	0.63	-0.17	0.42	0.65	0.25	0.39	-0.02	0.61	-0.25	0.16	-0.02	0.46	0.84	0.99	0.04	0.02	0.41	0.79	-0.47		1.0	1.0	-0.41	0.54	0.49	0.85
Long Term Debt	0.62	-0.14	0.4	0.64	0.23	0.36	0.01	0.6	-0.25	0.16	0.01	0.45	0.82	0.98	0.05	0.03	0.4	0.79	-0.47	1.0		1.0	-0.44	0.53	0.42	0.83
Long Term Debt Total	0.62	-0.14	0.4	0.64	0.23	0.36	0.01	0.6	-0.25	0.16	0.01	0.45	0.82	0.98	0.05	0.03	0.4	0.79	-0.47	1.0	1.0		-0.44	0.53	0.42	0.83
Other Current Assets	-0.08	-0.34	0.2	-0.08	0.13	0.28	-0.42	-0.06	-0.01	-0.06	-0.42	-0.31	-0.22	-0.42	0.07	-0.03	-0.3	-0.29	0.4	-0.41	-0.44	-0.44		-0.2	0.33	-0.22
Cash And Equivalents	-0.03	0.04	0.48	0.06	-0.37	0.35	0.47	-0.06	0.28	0.29	0.47	0.69	0.63	0.56	-0.13	-0.56	0.63	0.62	-0.57	0.54	0.53	0.53	-0.2		0.34	0.65
Other Stockholder Equity	0.38	-0.42	0.54	0.39	0.37	0.58	-0.45	0.37	-0.16	0.1	-0.45	0.21	0.56	0.48	-0.11	-0.1	0.18	0.37	-0.17	0.49	0.42	0.42	0.33	0.34		0.51
Net Invested Capital	0.73	-0.22	0.56	0.79	0.1	0.51	0.06	0.71	-0.29	0.19	0.06	0.49	0.95	0.89	-0.02	-0.13	0.44	0.93	-0.52	0.85	0.83	0.83	-0.22	0.65	0.51

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Royce Global Account Relationship Matchups

Royce Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	151.7M	92.5M	94.7M	68.9M	79.1M	83.8M
Other Current Liab	(852.8K)	(697.8K)	(1.2M)	(18.2K)	70.8K	74.3K
Total Current Liabilities	852.8K	697.8K	1.2M	18.2K	93.2K	88.6K
Total Stockholder Equity	142.8M	83.8M	89.4M	64.7M	74.6M	78.9M
Net Debt	8.0M	8.0M	4.0M	4.0M	(141.6K)	(134.6K)
Accounts Payable	852.8K	697.8K	1.2M	18.2K	22.5K	21.3K
Cash	495.0	12.5K	3.2K	5.4K	141.6K	148.7K
Non Current Assets Total	151.4M	91.9M	94.5M	68.7M	78.4M	83.3M
Non Currrent Assets Other	(151.4M)	(91.9M)	(94.5M)	(68.7M)	(78.4M)	(82.4M)
Other Assets	31.8K	24.8K	20.2K	20.5K	18.8K	17.9K
Cash And Short Term Investments	495.0	12.5K	3.2K	5.4K	141.6K	148.7K
Net Receivables	268.3K	621.6K	198.6K	159.7K	520.7K	542.1K
Common Stock Total Equity	118.0M	118.2M	118.3M	47.2M	42.5M	40.4M
Common Stock Shares Outstanding	10.5M	9.5M	5.8M	6.3M	6.4M	7.3M
Liabilities And Stockholders Equity	151.7M	92.5M	94.7M	68.9M	79.1M	83.8M
Total Liab	8.9M	8.8M	5.3M	4.2M	4.5M	6.8M
Total Current Assets	268.8K	621.6K	198.6K	159.7K	662.4K	534.2K
Common Stock	118.3M	47.2M	55.4M	55.7M	56.2M	75.3M
Retained Earnings	24.5M	36.5M	34.0M	9.0M	18.4M	12.2M
Other Current Assets	(268.8K)	(634.1K)	(201.8K)	(165.1K)	(662.4K)	(695.5K)
Net Invested Capital	150.8M	91.8M	93.4M	68.7M	78.6M	84.5M
Long Term Investments	151.4M	91.9M	94.5M	68.7M	78.4M	84.6M
Capital Stock	118.3M	47.2M	55.4M	55.7M	56.2M	60.1M

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