Rockhaven Cash vs Net Receivables Analysis

RK Stock

CAD 0.08 0.01 14.29%

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

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockhaven Resources Cash account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Rockhaven Resources' Cash and Net Receivables is 0.42. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Rockhaven Resources, assuming nothing else is changed. The correlation between historical values of Rockhaven Resources' Cash and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Rockhaven Resources are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash i.e., Rockhaven Resources' Cash and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

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Cash

Cash refers to the most liquid asset of Rockhaven Resources, which is listed under current asset account on Rockhaven Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Rockhaven Resources customers. The amounts must be unrestricted with restricted cash listed in a different Rockhaven Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Net Receivables

Most indicators from Rockhaven Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rockhaven 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 Rockhaven 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 board of governors.

Selling General Administrative is likely to climb to about 612.3 K in 2024, despite the fact that Tax Provision is likely to grow to (91.7 K).

Rockhaven Resources 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	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Current Liabilities Total	Non Currrent Assets Other	Short Term Investments	Other Liab	Net Tangible Assets	Other Assets	Common Stock	Property Plant Equipment	Inventory	Other Current Assets
Total Assets		0.29	1.0	0.88	0.03	-0.71	0.44	-0.05	0.88	-0.15	-0.58	0.79	-0.73	0.89	-0.18	0.24	0.84	0.15	-0.37	0.89	0.92	-0.05	0.91	0.91	0.81	-0.3
Total Current Liabilities	0.29		0.27	0.18	-0.57	-0.04	0.42	0.58	0.18	0.43	-0.04	0.1	-0.17	0.37	0.42	0.99	0.06	-0.38	-0.13	0.07	0.18	-0.26	0.16	0.1	0.18	0.35
Total Stockholder Equity	1.0	0.27		0.87	0.03	-0.71	0.44	-0.06	0.87	-0.16	-0.59	0.79	-0.73	0.86	-0.18	0.23	0.82	0.18	-0.37	0.89	0.92	-0.02	0.91	0.91	0.8	-0.32
Property Plant And Equipment Net	0.88	0.18	0.87		0.09	-0.68	0.3	-0.11	1.0	-0.18	-0.67	0.85	-0.53	0.81	-0.22	0.17	0.85	-0.09	-0.35	0.82	0.83	0.04	0.82	0.83	0.82	-0.29
Net Debt	0.03	-0.57	0.03	0.09		-0.56	-0.44	-0.97	0.09	-0.94	-0.43	0.12	-0.27	0.05	-0.94	-0.55	0.22	0.31	-0.52	0.01	-0.04	0.17	-0.02	0.02	0.13	-0.14
Retained Earnings	-0.71	-0.04	-0.71	-0.68	-0.56		-0.07	0.6	-0.68	0.67	0.79	-0.78	0.71	-0.62	0.69	-0.05	-0.65	-0.23	0.62	-0.61	-0.65	-0.04	-0.66	-0.65	-0.72	0.29
Accounts Payable	0.44	0.42	0.44	0.3	-0.44	-0.07		0.41	0.3	0.35	-0.06	0.33	-0.44	0.38	0.34	0.29	0.27	-0.22	0.06	0.4	0.38	-0.34	0.36	0.37	0.18	-0.15
Cash	-0.05	0.58	-0.06	-0.11	-0.97	0.6	0.41		-0.11	0.97	0.42	-0.17	0.24	0.02	0.96	0.55	-0.15	-0.38	0.51	-0.06	-0.02	-0.23	-0.04	-0.06	-0.08	0.26
Non Current Assets Total	0.88	0.18	0.87	1.0	0.09	-0.68	0.3	-0.11		-0.18	-0.67	0.85	-0.53	0.81	-0.22	0.16	0.85	-0.09	-0.35	0.82	0.83	0.04	0.82	0.83	0.82	-0.29
Cash And Short Term Investments	-0.15	0.43	-0.16	-0.18	-0.94	0.67	0.35	0.97	-0.18		0.5	-0.16	0.32	-0.08	1.0	0.41	-0.2	-0.37	0.72	-0.07	-0.03	-0.23	-0.05	-0.07	-0.15	0.19
Net Receivables	-0.58	-0.04	-0.59	-0.67	-0.43	0.79	-0.06	0.42	-0.67	0.5		-0.65	0.61	-0.46	0.54	-0.04	-0.5	-0.08	0.56	-0.47	-0.51	-0.17	-0.52	-0.52	-0.71	0.15
Common Stock Shares Outstanding	0.79	0.1	0.79	0.85	0.12	-0.78	0.33	-0.17	0.85	-0.16	-0.65		-0.6	0.71	-0.2	0.09	0.77	0.0	-0.11	0.84	0.88	-0.08	0.89	0.88	0.82	-0.43
Other Stockholder Equity	-0.73	-0.17	-0.73	-0.53	-0.27	0.71	-0.44	0.24	-0.53	0.32	0.61	-0.6		-0.59	0.33	-0.1	-0.55	-0.3	0.38	-0.5	-0.61	-0.09	-0.61	-0.62	-0.74	0.14
Total Liab	0.89	0.37	0.86	0.81	0.05	-0.62	0.38	0.02	0.81	-0.08	-0.46	0.71	-0.59		-0.1	0.33	0.94	-0.13	-0.34	0.8	0.78	-0.28	0.77	0.79	0.76	-0.12
Total Current Assets	-0.18	0.42	-0.18	-0.22	-0.94	0.69	0.34	0.96	-0.22	1.0	0.54	-0.2	0.33	-0.1		0.4	-0.23	-0.35	0.72	-0.09	-0.06	-0.24	-0.08	-0.09	-0.18	0.2
Other Current Liab	0.24	0.99	0.23	0.17	-0.55	-0.05	0.29	0.55	0.16	0.41	-0.04	0.09	-0.1	0.33	0.4		0.03	-0.37	-0.13	0.03	0.15	-0.21	0.14	0.08	0.17	0.37
Non Current Liabilities Total	0.84	0.06	0.82	0.85	0.22	-0.65	0.27	-0.15	0.85	-0.2	-0.5	0.77	-0.55	0.94	-0.23	0.03		-0.08	-0.29	0.83	0.79	-0.21	0.79	0.82	0.79	-0.26
Non Currrent Assets Other	0.15	-0.38	0.18	-0.09	0.31	-0.23	-0.22	-0.38	-0.09	-0.37	-0.08	0.0	-0.3	-0.13	-0.35	-0.37	-0.08		-0.14	0.09	0.14	0.62	0.14	0.15	0.1	-0.4
Short Term Investments	-0.37	-0.13	-0.37	-0.35	-0.52	0.62	0.06	0.51	-0.35	0.72	0.56	-0.11	0.38	-0.34	0.72	-0.13	-0.29	-0.14		-0.09	-0.08	-0.18	-0.07	-0.08	-0.29	-0.06
Other Liab	0.89	0.07	0.89	0.82	0.01	-0.61	0.4	-0.06	0.82	-0.07	-0.47	0.84	-0.5	0.8	-0.09	0.03	0.83	0.09	-0.09		0.96	-0.21	0.96	0.97	0.67	-0.48
Net Tangible Assets	0.92	0.18	0.92	0.83	-0.04	-0.65	0.38	-0.02	0.83	-0.03	-0.51	0.88	-0.61	0.78	-0.06	0.15	0.79	0.14	-0.08	0.96		-0.12	1.0	1.0	0.76	-0.42
Other Assets	-0.05	-0.26	-0.02	0.04	0.17	-0.04	-0.34	-0.23	0.04	-0.23	-0.17	-0.08	-0.09	-0.28	-0.24	-0.21	-0.21	0.62	-0.18	-0.21	-0.12		-0.12	-0.12	0.17	-0.24
Common Stock	0.91	0.16	0.91	0.82	-0.02	-0.66	0.36	-0.04	0.82	-0.05	-0.52	0.89	-0.61	0.77	-0.08	0.14	0.79	0.14	-0.07	0.96	1.0	-0.12		0.99	0.77	-0.43
Property Plant Equipment	0.91	0.1	0.91	0.83	0.02	-0.65	0.37	-0.06	0.83	-0.07	-0.52	0.88	-0.62	0.79	-0.09	0.08	0.82	0.15	-0.08	0.97	1.0	-0.12	0.99		0.76	-0.45
Inventory	0.81	0.18	0.8	0.82	0.13	-0.72	0.18	-0.08	0.82	-0.15	-0.71	0.82	-0.74	0.76	-0.18	0.17	0.79	0.1	-0.29	0.67	0.76	0.17	0.77	0.76		-0.18
Other Current Assets	-0.3	0.35	-0.32	-0.29	-0.14	0.29	-0.15	0.26	-0.29	0.19	0.15	-0.43	0.14	-0.12	0.2	0.37	-0.26	-0.4	-0.06	-0.48	-0.42	-0.24	-0.43	-0.45	-0.18

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Rockhaven Resources Account Relationship Matchups

Rockhaven Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.9M	44.0M	45.2M	49.5M	49.1M	29.4M
Total Current Liabilities	582.8K	1.6M	313.2K	202.5K	126.5K	120.2K
Total Stockholder Equity	36.3M	40.0M	41.4M	45.5M	45.3M	27.3M
Property Plant And Equipment Net	36.0M	38.7M	43.1M	46.9M	48.0M	27.0M
Net Debt	(2.8M)	(5.1M)	(2.0M)	(2.5M)	(65.7K)	(68.9K)
Retained Earnings	(11.9M)	(12.1M)	(12.0M)	(12.8M)	(13.2M)	(13.9M)
Accounts Payable	101.2K	195.1K	218.3K	202.5K	98.0K	120.0K
Cash	2.8M	5.1M	2.0M	2.5M	65.7K	62.4K
Non Current Assets Total	36.0M	38.7M	43.1M	46.9M	48.1M	27.0M
Cash And Short Term Investments	2.9M	5.2M	2.0M	2.6M	1.0M	986.0K
Net Receivables	27.9K	40.7K	30.9K	24.2K	12.4K	11.8K
Common Stock Shares Outstanding	167.1M	195.0M	212.1M	250.2M	276.1M	289.9M
Liabilities And Stockholders Equity	38.9M	44.0M	45.2M	49.5M	49.1M	29.4M
Other Stockholder Equity	897.4K	882.9K	569.0K	743.8K	669.4K	635.9K
Total Liab	2.6M	4.0M	3.8M	4.0M	3.8M	2.1M
Total Current Assets	2.9M	5.3M	2.0M	2.6M	1.1M	1.0M
Other Current Liab	481.6K	1.4M	95.0K	28.6K	32.9K	31.2K
Non Current Liabilities Total	2.0M	2.4M	3.5M	3.8M	3.7M	2.2M
Non Currrent Assets Other	3.1K	153.0	160.0	58.7K	52.8K	27.7K
Short Term Investments	41.5K	47.0K	99.6K	36.0K	972.2K	1.0M
Other Liab	2.0M	2.4M	3.5M	3.8M	4.4M	2.2M
Net Tangible Assets	36.3M	40.0M	41.4M	45.5M	52.4M	36.2M
Other Assets	104.4K	3.1K	153.0	160.0	184.0	174.8
Common Stock	47.4M	51.2M	52.8M	57.6M	66.2M	49.1M
Property Plant Equipment	36.0M	38.7M	43.1M	46.9M	54.0M	37.0M
Other Current Assets	40.9K	39.7K	21.9K	25.4K	25.8K	26.2K
Net Invested Capital	36.3M	40.0M	41.4M	45.5M	45.3M	43.1M
Net Working Capital	2.4M	3.7M	1.7M	2.4M	949.5K	902.0K
Capital Stock	47.4M	51.2M	52.8M	57.6M	66.2M	56.9M

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