Rio2 Enterprise Value vs Working Capital Analysis

RIO Stock

CAD 0.67 0.01 1.47%

Rio2 financial indicator trend analysis is much more than just breaking down Rio2 prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rio2 is a good investment. Please check the relationship between Rio2 Enterprise Value and its Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio2. 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.

Enterprise Value vs Working Capital

Enterprise Value vs Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rio2 Enterprise Value account and Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Rio2's Enterprise Value and Working Capital is -0.23. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Working Capital in the same time period over historical financial statements of Rio2, assuming nothing else is changed. The correlation between historical values of Rio2's Enterprise Value and Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Rio2 are associated (or correlated) with its Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Working Capital has no effect on the direction of Enterprise Value i.e., Rio2's Enterprise Value and Working Capital go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Enterprise Value

Enterprise Value (or EV) is usually referred to as Rio2 theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Rio2 debt, but would also pocket its cash. Enterprise Value is more accurate representation of Rio2 value than its market capitalization because it takes into account all of Rio2 existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Most indicators from Rio2's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rio2 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 Rio2. 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.

Enterprise Value is likely to climb to about 32.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	293.1K	2.5M	2.6M	2.7M
Interest Income	15.3K	53.7K	188.2K	197.6K

Reconciled Depreciation Interest Income

Rio2 fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Assets	Net Receivables	Short Term Investments	Non Currrent Assets Other	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Inventory	Other Current Assets	Non Current Liabilities Total	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.49	0.97	0.74	-0.52	-0.92	0.68	0.57	0.92	0.5	0.9	0.04	0.83	0.54	0.89	0.31	-0.42	0.77	0.26	0.58	-0.37	-0.18	0.51	0.8	0.65	-0.43
Total Current Liabilities	0.49		0.62	0.76	-0.72	-0.35	0.91	0.71	0.45	0.81	0.57	0.02	0.07	0.82	0.16	0.16	0.06	0.01	0.22	0.24	-0.11	-0.44	0.7	0.0	0.47	-0.45
Total Stockholder Equity	0.97	0.62		0.76	-0.57	-0.82	0.76	0.63	0.84	0.57	0.84	0.12	0.69	0.62	0.79	0.42	-0.37	0.63	0.14	0.49	-0.43	-0.21	0.55	0.65	0.7	-0.41
Property Plant And Equipment Net	0.74	0.76	0.76		-0.57	-0.66	0.82	0.56	0.8	0.59	0.86	-0.1	0.53	0.58	0.53	0.14	-0.24	0.33	0.6	0.3	-0.17	-0.3	0.6	0.49	0.57	-0.59
Net Debt	-0.52	-0.72	-0.57	-0.57		0.53	-0.67	-0.99	-0.49	-0.9	-0.63	-0.13	-0.28	-0.91	-0.45	-0.18	0.22	-0.25	-0.28	-0.69	0.2	0.78	-0.98	-0.24	-0.41	0.4
Retained Earnings	-0.92	-0.35	-0.82	-0.66	0.53		-0.59	-0.55	-0.97	-0.48	-0.94	0.13	-0.94	-0.47	-0.89	0.0	0.41	-0.9	-0.49	-0.75	0.2	0.15	-0.51	-0.92	-0.52	0.47
Accounts Payable	0.68	0.91	0.76	0.82	-0.67	-0.59		0.66	0.68	0.8	0.74	-0.05	0.33	0.79	0.33	0.03	0.05	0.32	0.35	0.31	-0.19	-0.27	0.61	0.27	0.65	-0.53
Cash	0.57	0.71	0.63	0.56	-0.99	-0.55	0.66		0.5	0.88	0.63	0.2	0.31	0.9	0.51	0.28	-0.28	0.28	0.19	0.7	-0.24	-0.77	0.98	0.27	0.44	-0.35
Non Current Assets Total	0.92	0.45	0.84	0.8	-0.49	-0.97	0.68	0.5		0.48	0.96	-0.2	0.91	0.46	0.83	-0.02	-0.36	0.83	0.57	0.64	-0.2	-0.14	0.48	0.88	0.54	-0.56
Cash And Short Term Investments	0.5	0.81	0.57	0.59	-0.9	-0.48	0.8	0.88	0.48		0.62	0.0	0.22	0.99	0.33	0.13	0.16	0.21	0.3	0.52	-0.24	-0.66	0.82	0.17	0.43	-0.47
Common Stock Shares Outstanding	0.9	0.57	0.84	0.86	-0.63	-0.94	0.74	0.63	0.96	0.62		-0.16	0.83	0.61	0.8	0.06	-0.32	0.72	0.59	0.64	-0.24	-0.24	0.62	0.8	0.54	-0.6
Other Stockholder Equity	0.04	0.02	0.12	-0.1	-0.13	0.13	-0.05	0.2	-0.2	0.0	-0.16		-0.16	0.09	0.1	0.55	-0.21	-0.21	-0.54	-0.09	0.18	-0.28	0.18	-0.16	0.57	0.68
Total Liab	0.83	0.07	0.69	0.53	-0.28	-0.94	0.33	0.31	0.91	0.22	0.83	-0.16		0.21	0.92	-0.01	-0.42	0.93	0.49	0.68	-0.15	-0.05	0.29	1.0	0.38	-0.38
Total Current Assets	0.54	0.82	0.62	0.58	-0.91	-0.47	0.79	0.9	0.46	0.99	0.61	0.09	0.21		0.37	0.26	0.1	0.2	0.2	0.51	-0.3	-0.67	0.84	0.16	0.47	-0.42
Other Assets	0.89	0.16	0.79	0.53	-0.45	-0.89	0.33	0.51	0.83	0.33	0.8	0.1	0.92	0.37		0.33	-0.54	0.82	0.29	0.72	-0.28	-0.3	0.47	0.92	0.47	-0.27
Net Receivables	0.31	0.16	0.42	0.14	-0.18	0.0	0.03	0.28	-0.02	0.13	0.06	0.55	-0.01	0.26	0.33		-0.28	-0.17	-0.47	-0.1	-0.51	-0.31	0.23	-0.01	0.32	0.18
Short Term Investments	-0.42	0.06	-0.37	-0.24	0.22	0.41	0.05	-0.28	-0.36	0.16	-0.32	-0.21	-0.42	0.1	-0.54	-0.28		-0.35	-0.01	-0.4	0.19	0.14	-0.35	-0.43	-0.16	0.05
Non Currrent Assets Other	0.77	0.01	0.63	0.33	-0.25	-0.9	0.32	0.28	0.83	0.21	0.72	-0.21	0.93	0.2	0.82	-0.17	-0.35		0.34	0.72	-0.15	0.06	0.2	0.93	0.33	-0.34
Short Long Term Debt Total	0.26	0.22	0.14	0.6	-0.28	-0.49	0.35	0.19	0.57	0.3	0.59	-0.54	0.49	0.2	0.29	-0.47	-0.01	0.34		0.31	0.11	-0.19	0.29	0.48	0.07	-0.58
Other Current Liab	0.58	0.24	0.49	0.3	-0.69	-0.75	0.31	0.7	0.64	0.52	0.64	-0.09	0.68	0.51	0.72	-0.1	-0.4	0.72	0.31		-0.01	-0.49	0.68	0.66	0.13	-0.35
Short Term Debt	-0.37	-0.11	-0.43	-0.17	0.2	0.2	-0.19	-0.24	-0.2	-0.24	-0.24	0.18	-0.15	-0.3	-0.28	-0.51	0.19	-0.15	0.11	-0.01		0.03	-0.15	-0.15	-0.07	0.46
Inventory	-0.18	-0.44	-0.21	-0.3	0.78	0.15	-0.27	-0.77	-0.14	-0.66	-0.24	-0.28	-0.05	-0.67	-0.3	-0.31	0.14	0.06	-0.19	-0.49	0.03		-0.81	-0.03	-0.2	0.13
Other Current Assets	0.51	0.7	0.55	0.6	-0.98	-0.51	0.61	0.98	0.48	0.82	0.62	0.18	0.29	0.84	0.47	0.23	-0.35	0.2	0.29	0.68	-0.15	-0.81		0.25	0.39	-0.36
Non Current Liabilities Total	0.8	0.0	0.65	0.49	-0.24	-0.92	0.27	0.27	0.88	0.17	0.8	-0.16	1.0	0.16	0.92	-0.01	-0.43	0.93	0.48	0.66	-0.15	-0.03	0.25		0.35	-0.35
Net Tangible Assets	0.65	0.47	0.7	0.57	-0.41	-0.52	0.65	0.44	0.54	0.43	0.54	0.57	0.38	0.47	0.47	0.32	-0.16	0.33	0.07	0.13	-0.07	-0.2	0.39	0.35		0.02
Current Deferred Revenue	-0.43	-0.45	-0.41	-0.59	0.4	0.47	-0.53	-0.35	-0.56	-0.47	-0.6	0.68	-0.38	-0.42	-0.27	0.18	0.05	-0.34	-0.58	-0.35	0.46	0.13	-0.36	-0.35	0.02

Click cells to compare fundamentals

Rio2 Account Relationship Matchups

Rio2 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	72.0M	73.5M	95.7M	115.1M	143.0M	150.1M
Total Current Liabilities	3.0M	2.4M	3.7M	1.7M	835.7K	981.6K
Total Stockholder Equity	69.0M	67.1M	88.4M	81.8M	96.5M	101.4M
Property Plant And Equipment Net	48.9M	60.5M	62.6M	93.1M	39.1M	41.1M
Net Debt	(4.1M)	(2.1M)	(20.9M)	(4.0M)	(5.4M)	(5.1M)
Retained Earnings	(29.1M)	(39.2M)	(48.8M)	(51.1M)	(83.7M)	(79.5M)
Accounts Payable	3.0M	2.2M	2.8M	1.3M	1.5M	1.6M
Cash	4.1M	2.6M	21.3M	4.7M	6.0M	6.3M
Non Current Assets Total	56.9M	69.6M	72.6M	109.6M	136.5M	143.3M
Cash And Short Term Investments	14.9M	3.4M	21.4M	4.7M	6.1M	6.4M
Common Stock Shares Outstanding	139.7M	185.3M	220.2M	256.8M	258.5M	271.4M
Liabilities And Stockholders Equity	72.0M	73.5M	95.7M	115.1M	143.0M	150.1M
Other Stockholder Equity	0.56	(0.02)	1.0	9.9M	4.4M	0.95
Total Liab	3.0M	6.4M	7.3M	33.2M	46.4M	48.7M
Total Current Assets	15.1M	3.8M	23.1M	5.5M	6.5M	6.8M
Accumulated Other Comprehensive Income	6.3M	7.5M	9.9M	4.4M	10.3M	10.9M
Net Receivables	76.8K	6.4K	248.7K	364.1K	16.7K	15.8K
Short Term Investments	0.0	10.8M	830.1K	46K	60.7K	57.6K
Non Currrent Assets Other	8.0M	9.2M	9.9M	16.5M	97.4M	102.2M
Other Current Liab	7.7K	7.8K	713.4K	164.8K	636.2K	668.0K
Inventory	(27.6K)	189.8K	(388.4K)	(146K)	1.0	1.05
Other Current Assets	117.8K	217.7K	1.9M	557.3K	375.8K	405.8K
Net Tangible Assets	90.0M	65.7M	88.3M	81.8M	94.1M	63.5M
Common Stock	91.8M	98.8M	127.2M	128.5M	169.9M	178.3M
Property Plant Equipment	63.7M	59.3M	62.6M	93.1M	107.0M	56.2M
Net Invested Capital	90.2M	85.6M	88.4M	81.8M	94.1M	77.0M
Net Working Capital	15.8M	1.9M	19.4M	3.8M	4.4M	8.3M
Capital Stock	91.8M	98.8M	127.2M	128.5M	147.8M	112.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Rio2 Stock Analysis

When running Rio2's price analysis, check to measure Rio2's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rio2 is operating at the current time. Most of Rio2's value examination focuses on studying past and present price action to predict the probability of Rio2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio2's price. Additionally, you may evaluate how the addition of Rio2 to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC